Gate Crypto Flash News and Market Updates

BNY has expanded its Digital Asset Custody platform to support Circle's USD Coin, enabling institutional clients to mint, redeem, transfer, and hold USDC directly through the bank. USDC is the first stablecoin integrated into the platform, marking a significant step by one of the world's largest custodian banks into tokenized cash infrastructure. The service allows clients to convert US dollars into USDC and redeem USDC back into dollars through BNY's custody environment. With more than $73.8 bi

According to Qualcomm's investor day last week, the company is pivoting away from competing with Nvidia on AI model training and instead targeting the broader AI inference market, valued at billions of dollars. As enterprises deploy more AI agents—software that performs complex tasks via AI models—inference workloads are becoming the larger computational burden. Research presented by Google, Microsoft, and leading universities in April 2026 shows AI agents require roughly 1,000 times more infere

According to President Trump's Truth Social post on June 28, Iran has requested talks set to occur Tuesday, June 30, in Doha. Trump said U.S. Middle East envoy Steve Witkoff and son-in-law Jared Kushner are heading to Qatar to meet with mediators. However, Iran's Foreign Ministry spokesperson immediately rejected the claim, stating no talks at any level will be held with the United States in coming days. Iran's media outlet Fars reported that nuclear negotiations will not resume until Iran's pre

On June 29, the Dow Jones Industrial Average hit 52,000 for the first time in history, reaching 52,182.74 points, up 0.59%, as Alphabet (GOOGL) surged nearly 5% on its first day as an index component. Tech stocks led the broader rally, with the Nasdaq jumping 2.07% to 25,820.14 points, the S&P 500 rising 1.18% to 7,440.43 points, and the Philadelphia Semiconductor Index gaining 3.83% to 13,709.66 points.

Offshore yuan (CNH) closed at 6.8006 against the U.S. dollar on Monday, June 29 (Tuesday 04:59 Beijing time), up 43 pips from Friday's close. Intraday trading ranged between 6.8074 and 6.7933.

According to the U.S. Department of Agriculture (USDA), corn and soybean crop ratings declined on Monday in the weekly crop progress report released. The USDA rated 67% of corn crops and 65% of soybean crops as good to excellent, both down 1 percentage point from the previous week and below analyst expectations of unchanged ratings. Corn ratings remain below the 73% good-to-excellent level from the same period last year but match the prior-year comparable in 2024. Soybean crops are showing the w

On Monday, June 29, at the close of trading in New York, S&P 500 futures rose 1.09%, Nasdaq-100 futures gained 2.05%, and Dow Jones futures advanced 0.54%. Russell 2000 futures edged down 0.01%.

According to the U.S. Federal Aviation Administration (FAA), on Monday at 7:15 a.m. ET, a JetBlue Airbus A321 aircraft reported striking a drone while approaching New York's John F. Kennedy International Airport. The collision occurred at approximately 3,000 feet during the final approach phase. The aircraft had departed from Las Vegas. The FAA has opened an investigation into the incident.

According to Digital Asset analysis on June 29, five Korean stock-tracking perpetual futures on Binance recorded cumulative trading volume of $12.678 billion since their respective launches. SK Hynix perpetuals (SKHYNIXUSDT) led with $6.66 billion, launched on June 2. The EWY (iShares MSCI Korea) perpetuals (EWYUSDT) followed with $4.66 billion, launched on March 16 and available to Korean investors with up to 10x leverage.

According to Hyperliquid, on June 29, SK Hynix (SKHYNIX-USDC) perpetual futures recorded 24-hour trading volume of $231.92 million, ranking 5th on the platform behind BTC, ETH, SOL, and HYPE. The volume exceeded S&P 500 ($141.13M) and Nasdaq-100 tracking futures ($180.45M) on the same period. Open interest for SK Hynix reached $258.74 million, significantly higher than S&P 500's $152.28 million and comparable to Nasdaq-100's $246.61 million.

According to DigitalAsset, Zenith CEO Heslin Kim revealed on June 26 that the company is participating in Japan's $1.6 trillion government bond tokenization project through the Canton Network, aiming to connect institutional finance with blockchain infrastructure. The project's scale approaches Bitcoin's current market capitalization. Kim stated that within the next 10 years, tokenized real-world assets from major corporations and governments will enter mainstream markets, potentially displacing

According to LD Capital founder Jack Yi, Bitcoin is currently in its third downward phase since October and could bottom at $51,000–$43,000 based on Elliott Wave and cycle theories. Yi noted that this decline may represent the last major bearish wave of the bear market, with key determining factors being U.S. stock market performance and the price of Microstrategy (MSTR) stock. Yi's price targets—representing 60% and 66% declines from Bitcoin's recent all-time high of $126,000—signal a deep bear

According to South Korea's Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), on June 29, 23 domestic blockchain companies will participate in GITEX AI EUROPE 2026, held from June 30 to July 1 in Berlin, Germany. The government and regional authorities are establishing a unified "Team Korea" pavilion to showcase blockchain solutions in ESG, maritime logistics, and online voting. Two Korean companies advanced to the semi-finals of the Supernova Challenge startup competit

According to CoinDesk on June 29, South Korea's 800 trillion won (approximately $670 billion) semiconductor investment by Samsung Electronics and SK Hynix underscores digital assets' weakening position in capital competition. The two companies announced plans to construct high-bandwidth memory (HBM) semiconductor factories in the Honam region to support artificial intelligence chip demand. CoinDesk noted that the capital flowing toward AI infrastructure represents a structural shift rather than

According to Seoul South District Court on June 29, Lee, the actual operator of Queen Bee Company (QBZ exchange operator), and three other defendants were acquitted of charges related to violating political fund laws. Judge Ko Seo-young ruled that the 100 million won in questioned funds could not be classified as political funds, and therefore the alleged crimes were not proven. The court determined that the funds were not clearly intended for political activities and found no evidence that the

According to South Korea's Consumer Dispute Settlement Commission, on June 29, the commission ruled that cryptocurrency exchange Bithumb must refund trading fees of 100,000 won (approximately $77 USD) to each customer affected by its November 2025 API event. The commission determined that Bithumb improperly changed event terms after launch, unilaterally excluding certain participants. The total compensation is estimated to reach 3 billion won, affecting approximately 30,000 customers.

On June 29, spot gold fell 1.77% to $4,016.36 per ounce in New York trading, touching an intraday low of $4,000.69. COMEX gold futures declined 1.62% to $4,030.00 per ounce, trading between $4,102.90 and $4,012.00. Spot silver fell 1.20% to $58.2841 per ounce, while COMEX copper futures slipped 0.55% to $6.1730 per pound.

The U.S. Food and Drug Administration (FDA) selected seven pharmaceutical companies for its PreCheck pilot program, according to official announcement. Eli Lilly, Regeneron Pharmaceuticals, Fujifilm Biotechnologies, Amneal Pharmaceutical, Cellares, Kriya Therapeutics, and Kyowa Kirin were chosen to participate in the initiative, which aims to streamline regulatory pathways for new drug manufacturing facilities through early FDA engagement. The program received more than 80 applications between F

According to Goldman Sachs, the bank has begun recruiting in Ireland as it assesses launching Marcus, its digital consumer banking business, in the country. The hiring effort marks Goldman's clearest step toward entering the European Union's consumer deposit market. Marcus has already built a deposit franchise in the US and UK since its 2016 launch, gathering more than EUR 90 billion in deposits through high-yield savings accounts. The bank currently offers 3.75% on its on-demand savings account

On June 29, Latin American markets faced pressure from dollar strength and geopolitical caution following tensions between the U.S. and Iran amid a fragile Middle East ceasefire. Bolivia's central bank reported its official exchange rate at 9.73 bolivianos per dollar, marking a 29% devaluation. In Brazil, the region's largest economy, the Bovespa index and the real both declined 0.1%, while the MSCI regional currency index remained flat but faced monthly and quarterly losses.