Gate Crypto Flash News and Market Updates

The Hang Seng Index fell 145 points, or 0.63%, yesterday (June 29), closing at 22,881 points and losing the 23,000 level on the final trading day of June. For the first half of 2026, the HSI has declined 2,749 points, or 10.73%. The National Index (HSI subsidiary index) dropped 47 points, or 0.62%, to 7,558 points, with a first-half decline of 1,355 points, or 15.21%. The Tech Index rose 79 points, or 1.8%, to 4,472 points, but remains down 1,043 points, or 18.92%, for the half-year period.

Ionic Digital, a Bitcoin miner linked to Celsius, is pursuing a Nasdaq direct listing while repurposing its mining infrastructure for artificial intelligence and high-performance computing workloads, according to the latest announcement on June 30, 2026.

According to CryptoQuant researcher Darkfost, 84% of altcoins listed on Binance for spot trading are currently trading below their 200-day moving average (200-DMA), a key technical indicator for assessing long-term market trends. This period of underperformance has persisted for nearly eight months, marking the second-longest stretch since 2020, with only the previous bear market having lasted longer at approximately 10 months. The Total3 index, which measures altcoin market capitalization exclu

Intercontinental Exchange is introducing economic indicator futures linked to monetary policy decisions by the U.S. Federal Reserve, the European Central Bank, and the Bank of England, as well as U.S. natural gas storage data, set to launch on August 10, subject to regulatory approval. The cash-settled contracts will provide exchange-traded, centrally cleared instruments allowing market participants to express views on scheduled macroeconomic events without trading underlying assets directly. Un

Binance will adjust collateral ratios for XRP, HBAR, and other assets in its portfolio margin and portfolio margin Pro services on July 3, 2026, starting at 06:00 UTC, according to an official announcement. The exchange will also modify leverage and margin tier requirements for multiple USDT-margined perpetual contracts, including BICO, FF, DEXE, VANRY, TREE, TLM, AGLD, MUBARAK, RARE, OGN, and AVA. The adjustments are expected to complete by 06:30 UTC.

According to BlockBeats, on June 30, Claude Code creator Boris Cherny announced that the next version will default to running sub-agents in the background. Users can now discuss plans with Claude while the system automatically completes code refactoring, testing, and pull request submissions in the background. If front-end execution is needed, users can simply request it verbally. The feature is currently in gradual testing with select users and represents a further simplification of Claude Code

According to Bloomberg, South Korea's Futures Asset Securities failed to secure any allocation in SpaceX's record initial public offering due to miscommunication during the distribution process. The firm has apologized to clients, and South Korean regulators have launched an investigation into its business operations and internal management practices.

According to FinanceFeeds, Binance disclosed that its annual compliance spending reached approximately $300 million, with internal systems blocking $10.53 billion in potential fraud between 2025 and Q1 2026, protecting over 5.4 million users. The exchange currently employs nearly 1,500 compliance staff and has recovered over $8.2 billion in user assets since 2021, while processing 313,653 law enforcement requests.

According to ChainCatcher, Leopold Aschenbrenner's fund disclosed a 19.9% stake in SHAZ on June 30, driving a 14% after-hours surge. The disclosure followed SHAZ's completion of a $1.6 billion funding round to support a six-year strategic partnership with Nvidia. Under SEC rules, fund stakes exceeding 5% require public disclosure.

According to Predict.fun, as of June 30, Norway holds a 65% implied probability of advancing past Ivory Coast in the 2026 World Cup Round of 32, while Ivory Coast has a 36% chance. The market favors Norway, led by players including Haaland and Odegaard, to progress to the next round. Traders are assigning Ivory Coast over 30% of the implied probability space, indicating market recognition of a potential upset.

According to Iran's Mehr News Agency, Iranian President Pezeshkian stated on June 30 that the memorandum of understanding between Iran and the United States was achieved with full coordination from Supreme Leader Khamenei and with public support.

According to Hong Kong Exchanges and Clearing (HKEX), Shanghai Senyi Zhihui Information Technology Co., Ltd. submitted an IPO application to HKEX's main board on June 30, with CITIC Construction Investment International, China Construction Bank International, and Bank of Communications International as joint sponsors. Senyi Zhihui is China's leading intelligent healthcare solutions provider and the only company offering commercially available L1-L3 level solutions alongside mature L4-level offer

According to Hong Kong Exchanges and Clearing disclosure on June 30, Purwin Innovation, a China-based financial smart printing and document processing equipment manufacturer, submitted a listing application to the GEM of the Hong Kong Stock Exchange, with Aider Capital serving as sole sponsor. The company reported net profit of 2.531 million yuan in 2025, down 68.3% from 7.983 million yuan in 2024, despite generating 132 million yuan in revenue. According to Frost & Sullivan, Purwin Innovation r

According to Jefferies, Tongcheng Travel (00780) recently launched a voluntary conditional all-cash tender offer to acquire Dida Chuxing (02559) at 1.3875 HKD per share, representing a 9% premium to the announcement date closing price. The investment bank initiated a buy rating with a DCF-based price target of 20.3 HKD, implying 68.9% upside from current levels. The transaction is capped at 1.5 billion HKD in financing. Five major shareholders of Dida Chuxing have signed irrevocable commitment l

Morgan Stanley raised its Alphabet price target to $415, citing strong growth prospects for Google Cloud. The bank projects Google will add 9 gigawatts of compute capacity by 2028, comprising 7 GW from custom TPU chips and 2 GW from Nvidia GPUs. Based on this infrastructure expansion, Morgan Stanley forecasts Google Cloud revenue will reach $308 billion in 2028—consisting of $229 billion in core cloud services and $79 billion from TPU sales—with Cloud EBIT reaching $132 billion, representing 46%

In June, Germany's unemployment fell by 0.1 thousand persons, falling short of the forecasted 0.5 thousand-person increase. The prior month saw a decline of 1.2 thousand persons.

According to Bernstein analyst Mark Newman, SanDisk (SNDK) target price was raised to $3000 from $1700 on June 30, with an outperform rating maintained. The analyst highlighted that new long-term memory agreements (LTAs) differ from previous contracts by featuring fixed or band-constrained pricing with upfront commitments to lock in customers and protect against downside risk, with longer contract terms. SanDisk's recent LTAs carry a floor price of $0.29 per GB, notably lower than Micron's compa

According to MidChains CEO Basil Al Askari, on June 30, at least one sovereign wealth fund is accumulating spot Bitcoin during recent price declines, while another sovereign wealth fund may begin purchasing within the coming weeks. Askari noted that this move sends a clear signal to other institutional investors that may still be observing, positioning these large funds as leaders in the asset class.

According to the U.S. Pacific Air Forces (PACAF), a B-2 Spirit stealth bomber successfully launched an AGM-158C Long-Range Anti-Ship Missile (LRASM) on June 29 during the Valiant Shield 2026 exercise in the western Pacific. The missile struck its target, the decommissioned landing ship USS Juno (LPD 10), in waters north of the Mariana Islands. PACAF stated that the B-2 demonstrated enhanced strategic capability to counter potential threats by deploying long-range anti-ship missiles. The combinat

According to Venezuelan media reports, a series of powerful earthquakes struck Venezuela on June 24, killing over 1,700 people. While mobile communication infrastructure in affected areas was destroyed, internet connectivity remained operational through Starlink, SpaceX's satellite internet service, which has been provided free of charge to disaster zones. As internet access became available, a young girl trapped under building debris used Starlink to livestream on TikTok and request rescue assi