Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-06-29
23:43

Nasdaq, NYSE to Ring Opening Bell at White House for Trump Accounts Launch

Kevin Hassett, director of the White House National Economic Council, announced Monday, June 29, that Nasdaq and the New York Stock Exchange will ring the opening bell together at the White House Oval Office for the first time, marking the official launch of Trump Accounts, a tax-deferred investment program for minors. The Trump Accounts program, set to launch on July 4, provides deferred-tax investment accounts for U.S. citizens under 18. The federal government will deposit $1,000 as initial fu
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23:43

Samsung to Invest $17.3 Billion in South Korea Chip Expansion Across Four Regions

According to Yicai, Samsung Electronics Chairman Lee Jae-yong announced that Samsung Group would invest 26.6 trillion won ($17.3 billion) in South Korea for semiconductor expansion. The investment includes 20.3 trillion won ($13.2 billion) for a semiconductor cluster in the Seoul metropolitan area spanning Pyeongtaek and Yongin, 4.3 trillion won ($2.76 billion) for the Honam region including a 4 trillion won ($2.6 billion) wafer fabrication plant in Gwangju, 1.4 trillion won ($910 million) for t
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23:43

Malaysia Crude Palm Oil Futures May Rise on Tuesday Morning Amid Oil Rally

According to Jin10, Malaysia crude palm oil futures on the Bursa Malaysia Derivatives exchange may open higher on Tuesday morning, driven by crude oil's rebound following Middle East tensions on Monday. The strength in crude oil prices increases palm oil's appeal as a biodiesel feedstock, supporting the market fundamentals. Additionally, Malaysia's robust palm oil exports so far in June and Indonesia's B50 biodiesel policy are providing further support. Indonesia will launch its mandatory B50 bi
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23:31

Sony PS6 Hardware Cost Approaches $1,000; Company Won't Absorb Losses, Stock Surges 3.65%

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
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23:29

Iran Focuses on Executing Memorandum Terms, Postpones US Talks on June 30

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
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23:28

Ethereum Foundation Cuts 20% of Staff, Sets 40% Budget Reduction This Week

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
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23:25

Oil Prices Rise Over the Weekend as US-Iran Military Exchange Rattles Energy Markets

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
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23:22

Russian Military Controls Bokhdarivka in Eastern Ukraine; Dnipro City Hit Overnight, 4 Killed

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.
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23:22

China's Yidu Tech (02158) Reports First Annual Profit, Beats Guidance by 30%

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
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23:19

Dividend Insurance Demonstration Interest Rate Ceiling Adjusted to 3.5% Starting July 1

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.
23:04

SpaceX Rallies 7.2% on Monday After Russell 1000 Inclusion

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
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