Gate Crypto Flash News and Market Updates

According to Sony's recent investor meeting on Monday (June 29), the gaming giant said PS6 hardware component costs have climbed close to $1,000, and the company will no longer absorb significant losses on console sales. Sony stock (SONY-US) rose 3.65% to $20.43 on the news. The company stated it will adjust pricing in markets outside Japan and emphasizes consumers will understand the value of PS6's performance and ecosystem to justify higher prices. Meanwhile, Microsoft Xbox faces similar cost

Japan's unemployment rate stood at 2.5 percent in May, matching market expectations and unchanged from the previous month.

According to the White House, President Trump authorized a suspension of certain tariffs on phosphate fertilizer imports from Morocco today.

According to Iran's Foreign Ministry spokesman on June 30, Iran's priority is executing all provisions of the memorandum. The U.S. has issued the required license for Iran's oil exports, and Iran is monitoring implementation progress. Procedures for unfreezing Iran's assets are also advancing. This week, Iran will dispatch a technical delegation to Qatar to discuss implementation of the memorandum. The spokesman stressed that Iran will not hold talks with the U.S. at any level in coming days, an

According to the Ethereum Foundation, this week the EF announced a 20% staff cut and announced a reorganization around five "clusters"—protocol, access, user, community, and institutional layers. In the same week, Vitalik Buterin flagged a 40% budget cut. Concurrently, ETHLabs launched as a new non-profit R&D organization aimed at advancing Ethereum adoption and protecting DeFi—a mandate the EF has indicated it no longer prioritizes. The move was welcomed by the community, with observers noting

According to foreign media reports, international crude oil prices rose on Monday as military exchanges between the United States and Iran over the weekend highlighted the fragility of a temporary peace agreement. However, expected continued recovery in shipping through the Strait of Hormuz is limiting oil price gains. According to reports from last Thursday, crude oil volumes transported through the Strait of Hormuz have reached their highest level since late February, when US-backed Israeli mi

According to Russian state media, the Russian military has established control over Bokhdarivka in eastern Ukraine as of June 30. Meanwhile, the city of Dnipro came under attack overnight, leaving 4 dead and 10 wounded, according to Ukrainian officials. In response to Finland's decision to lift restrictions on nuclear weapons deployment, Russia said it would take political and military-technical measures, according to Russian state media reports.

COMEX silver futures broke above $59 per ounce today, up 0.63% intraday. The contract touched the key price level as precious metals markets continued to trade with renewed momentum.

According to Smart Finance, Yidu Tech (02158), a leading AI healthcare company in China, reported its first annual profit for the fiscal year ended March 31, 2026, disclosed on June 30. The company recorded annual net profit of RMB 78.766 million and attributable net profit of RMB 72.709 million, significantly exceeding prior guidance of RMB 55–70 million and RMB 41–56 million respectively, with the attributable profit surpassing the upper guidance by 30%. Revenue grew 14.6% year-over-year to RM

According to China Securities Journal, starting July 1, the demonstration interest rate ceiling for dividend insurance products in China's market will be lowered from 3.9% to 3.5%. The adjustment will not affect the contractual interest rates specified in existing insurance policies, meaning consumers' actual returns are unlikely to be impacted. The change primarily restricts marketing space for products with unrealistic yield projections.

According to the UK financial regulator, the FCA published its final cryptocurrency regulatory framework on June 29, requiring crypto firms to complete authorization by February 2027.

Morgan Stanley cut its third-quarter Brent crude spot price forecast by $15 per barrel to $75 per barrel.

According to Barron's, SpaceX (SPCX-US) surged 7.2% to $164.19 on Monday (June 29), its first full trading day after being officially added to the Russell 1000 Index on Friday. The stock has faced headwinds despite several potential catalysts, but index inclusion may provide modest support given that Russell-tracking passive funds manage only tens of billions in assets, far below the trillions tracking the S&P 500. SpaceX is also set to join the Nasdaq-100 Index on July 7, which could provide a

According to the BRC Store Prices Index, UK retail prices rose 1.2% year-on-year in June, below the forecast of 1.3% and matching the prior month's 1.20% reading.

According to Guru Club, Bitcoin broke below $59,000 on June 29, declining 1.79% intraday.

South Korea's seasonally adjusted industrial production declined 3% month-over-month in May, falling short of market expectations of +0.50% growth. The previous month's figure was revised to -0.7% from an initially reported -0.70%.

According to Jin10, Japanese yen fell to its lowest level in four decades on June 30, bolstering Tokyo stock index futures as U.S. tech stocks rallied overnight. The Nikkei is expected to open higher, supported by gains in the S&P 500 and a rebound in chip stocks following their worst week since April 2025. Monex forex trader Andrew Hazlett noted that intervention measures may be imminent if the yen cannot quickly recover, though he cautioned that such measures would only be "temporary solutions

Taiwan's prosecutors and coast guard conducted a second wave of raids today (June 29) targeting Super Micro Computer and related companies over allegations of illegally exporting servers equipped with Nvidia's advanced AI chips to China, Hong Kong, and Macau. The search operations covered 12 locations and led to the questioning of six individuals on suspicion of document forgery and breach of fiduciary duty. Following the disclosure, Super Micro Computer's stock (SMCI-US) plunged over 8% to $28.

President Trump nominated Keith E. Sonderling as Secretary of Labor on June 29, 2026.

ViaSat (VSAT) stock surged 24% on Monday, June 29, after Oppenheimer analyst Timothy Horan initiated coverage with an Outperform rating and a $140 price target. Horan cited the company's valuable spectrum holdings as the primary driver, estimating the assets are worth approximately $15 billion on a conservative basis, positioning ViaSat as the last major global satellite spectrum play following Rocket Lab's $8 billion acquisition of Iridium Communications announced earlier on Monday. The acquisi