Gate Crypto Flash News and Market Updates

According to Grayscale research head Zach Pandl, on July 1, Solana blockchain has become the settlement layer for over 1,000 unique applications. This year, the network has processed daily average transaction volume exceeding 100 million with 4.3 million daily active users, generating approximately $100 million in cumulative transaction fees. Solana's decentralized exchange (DEX) trading volume has surpassed $360 billion this year, leading all blockchains.

According to Cybrid's latest report released in 2026, enterprise adoption of stablecoins is accelerating toward mainstream use. Among 468 surveyed executives and business leaders, 42% already use stablecoins for cross-border payments, while 88% indicated they are very likely to adopt them within the next 12 months. Enterprises using stablecoins have achieved an average 35% reduction in cross-border payment costs, with large enterprises processing over $100 million monthly seeing savings as high

According to Cantor Fitzgerald analyst C.J. Muse on June 30, Micron Technology (MU) received the largest target price increase among semiconductor stocks, with the price target raised to $2,000 from $1,500, a 33.3% increase. Multiple Wall Street investment banks including Cantor Fitzgerald, Wells Fargo, and UBS also upgraded price targets for AMD, Intel, Applied Materials, Lam Research, and KLA on the same day, reflecting continued optimism about AI server demand, high-bandwidth memory (HBM), an

According to PANews, on July 1, on-chain analyst Yejin reported that U.S. government financial disclosure documents show Trump received $635 million from the TRUMP meme token through authorization and revenue sharing. Yejin estimated that including issuance, marketing, and liquidation across the entire value chain, the net proceeds from the token exceed $1 billion. Trump also holds approximately $100 million in crypto assets: over $50 million in BTC, $5–25 million in ETH, and $5–25 million in US

According to Bitget data, spot gold broke below the $4,000 per ounce mark on July 1, trading at $3,996.74, down 0.27% on the day.

According to CoinDesk, Circle shares fell about 8% on June 30 after Open Standard unveiled Open USD, a stablecoin backed by more than 140 companies in payments, banking, fintech, and crypto. The token will enable fee-free minting and redemption, with participating partners receiving reserve income after management fees.

According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has opened a 60-day public comment period to evaluate whether existing regulatory rules remain applicable to exchange-traded funds investing in novel asset classes or employing new strategies, and whether adjustments to registration processes are needed. The SEC noted that global ETF assets under management surged from $4 trillion in 2019 to over $12 trillion by end-2025. Crypto-focused ETF issuers are increasingly movi

According to Alternative.me data, the Crypto Fear and Greed Index dropped to 11 today, down from 15 yesterday, indicating an extreme fear state in the market.

According to Reuters, nearly 1,700 British investors filed a lawsuit against Binance, founder Changpeng Zhao, and related entities on June 30 in London's High Court, seeking at least 150 million pounds (US$199 million). The claimants allege the crypto exchange sold and promoted complex crypto derivatives to retail customers without regulatory authorization since late 2019. Some investors reported losing tens of thousands of pounds on leveraged products. The UK's Financial Conduct Authority banne

According to CNBC, AWS announced on June 30 it would invest $1 billion in a new Forward Deployed Engineering unit to help customers build and deploy AI systems. The unit would start with thousands of engineers working in small teams inside customer organizations to accelerate technical deployment. AWS said 65% of more than 1,000 customer AI initiatives had moved from proof of concept to production.

According to EJFQ (Hong Kong Economic Journal Investment Research), the Hang Seng Index fell 145 points to close at 22,881 on the last trading day of June. The index declined 2,301 points (9.14%) during June alone and dropped 10.73% in the first half of 2026, marking the worst performance among major Asian indices and significantly lagging South Korea's KOSPI (up 101%), Taiwan Weighted Index (up 59.25%), and Nikkei 225 (up 39.18%). Among 2,700+ listed stocks in Hong Kong, approximately 1,800 dec

According to Cointelegraph, on July 1, Massachusetts Attorney General filed an amended complaint against prediction market platform Kalshi, adding allegations that Kalshi targeted users under 21 through social media and university campus marketing without effective age-verification safeguards. Kalshi allows users 18 and older to create accounts and place wagers on sports events. The complaint, approved by the court, builds on initial charges filed in September 2025 alleging Kalshi's sports betti

Vietnam's manufacturing PMI contracted to 51.8 in June from 52.8 in May, indicating a slowdown in factory activity. The purchasing managers index, which measures economic health in the manufacturing sector, remained above the 50-point threshold that separates expansion from contraction.

According to Reuters, Apptronik, backed by Google DeepMind and Mercedes-Benz, recently launched large-scale data collection operations at its flagship Robot Park training facility in Austin, Texas, spanning approximately 8,361 square meters. Apollo 2 humanoid robots execute material handling and sorting tasks under remote operator guidance, generating real-world physical interaction data to train AI models powering the robots' autonomous decision-making. Apollo 2 features dual bipedal and wheele

Japan's manufacturing PMI for June came in at 54.8, down slightly from 54.9 in the prior month.

According to Bloomberg, Schneider Electric agreed on June 30 to acquire Norway-based industrial software company Cognite for $3.1 billion in cash. Schneider will combine Cognite with AVEVA, its industrial software business wholly owned since 2023. Cognite operates an industrial data and AI platform used by energy, manufacturing, power, and renewable companies; its customers include bp, Saudi Aramco, Alfa Laval, and Mitsubishi. The acquisition is expected to close in the coming quarters. Aker ASA

According to Odaily, Strive CEO announced today a pause in $100 SATA issuance while seeking market feedback to determine clearing prices, contingent on alignment with shareholder long-term interests. SATA short positions have increased by approximately 1 million shares in recent weeks.

According to the Wall Street Journal, this spring Saudi Arabia refused to provide military bases and airspace for a planned U.S. operation involving over 100 aircraft aimed at securing shipping lanes through the Strait of Hormuz. The refusal forced the U.S. to cancel the operation, which had been launched by Trump to ensure safe passage of vessels. U.S. officials revealed that the White House threatened to suspend deliveries of interceptors used to counter Iranian missiles and drones if Saudi Ar

According to a report by Public Citizen released on July 1, the crypto industry has invested $189 million in political donations during the 2026 U.S. election cycle, accounting for approximately 37% of all corporate political donations, with four months remaining until November's election. The crypto political action committee Fairshake has disbursed over $82 million, while Crypto.com-backed MAGA Inc. Super PAC has spent over $56 million. The amount already exceeds the $170 million the crypto in

Mark Zandi, chief economist at Moody's Analytics, said on July 1 that the U.S.-Israel conflict with Iran has cost the average American household approximately $1,000. The losses include increased fuel costs from rising oil prices, higher spending on goods and travel due to inflation, and the household's share of government military expenditures. Zandi emphasized that the $1,000 figure is a conservative estimate and actual costs to Americans may be higher.