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.
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00:55

Singapore AI Startup Akro AI Raises $700K in Pre-Seed Funding on June 30

According to Akro AI, the Singapore-based AI software startup raised US$700,000 in pre-seed funding on June 30, led by Amigos Venture Capital. The round also included participation from angel investors in financial services, healthcare, and consumer technology. Akro's team expanded from two to eight members within a year, with deployments across unnamed government and enterprise customers. The company also signed a partnership with Swiss IT firm ti&m to expand in Asia-Pacific and EMEA regions.
00:55

CFETS-NEX CNY Funding Sentiment Index Rises to 50 on June 30, Up 2 Points from Previous Close

According to Jin10, as of 08:45 on June 30, the CFETS-NEX all-market yuan funding sentiment index rose to 50, up 2 points from 16:00 the previous day. The sentiment indices for large banks, mid-size and small banks, and non-bank institutions stood at 49, 52, and 49 respectively, each up 2 points. The index ranges from 0 to 100, with higher values indicating tighter liquidity conditions; 50 marks equilibrium.
00:51

Taiwan and South Korea ETFs Surpass China-Focused Funds as AI Chip Boom Reshapes Emerging Markets

According to Yahoo Finance, Taiwan and South Korea ETF assets officially surpassed China-focused funds as of June 28, signaling a major capital reallocation in emerging markets. Global investors are funneling funds into AI supply chains through Taiwan ETFs (buying TSMC) and South Korea ETFs (betting on Samsung and SK Hynix), directly linking emerging market investments to the global semiconductor cycle. Meanwhile, classification differences between iShares MSCI Emerging Markets ETF (EEM) and Van
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00:50

Vacant Containers Operator Kingkong Holdings Launches IPO, Entry Fee HK$5,414

Kingkong Holdings (02523), a Southeast Asian container yard operator, launched its IPO today through July 8, offering 51.6 million shares globally with Hong Kong public tranche representing 10% of total. The maximum offer price is set at HK$2.68 per share, potentially raising up to HK$138 million. A 2,000-share lot requires an entry fee of HK$5,414.05. The stock is scheduled to list on July 13.
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00:49

Anthropic Offers Claude at Discounted Rates to California State Agencies

According to TechCrunch, California Governor Gavin Newsom and Anthropic agreed on June 29 to provide Claude, the AI chatbot, at discounted rates (reported at half price) to state agencies and local governments, including training and support. State workers will use Claude to draft documents and analyze information, with Newsom emphasizing the tools are designed to support rather than replace government staff. The agreement aligns with Newsom's March 30 executive order directing California to dep
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00:48

XRP Spot ETFs See $15.34 Million in Net Inflows on June 29

According to SoSoValue, XRP spot ETFs saw net inflows of $15.34 million on June 29. Bitwise XRP ETF (XRP) led with $11.94 million in daily inflows, bringing its historical total net inflows to $505 million. Canary XRP ETF (XRPC) followed with $3.40 million in daily inflows and $464 million in cumulative inflows. As of press time, total assets under management for XRP spot ETFs reached $972 million, with cumulative net inflows reaching $1.485 billion.
00:47

Robert Kiyosaki Admits Gold Call Wrong on June 29, Maintains $35K Target

On June 29, Rich Dad Poor Dad author Robert Kiyosaki acknowledged his latest gold price prediction was wrong, with the cryptocurrency advocate admitting on X that he had misread the market's direction. Gold fell to approximately $4,040 per ounce, deepening its monthly decline to over 10% amid shifting geopolitical tensions and evolving Federal Reserve expectations. Despite the recent pullback, Kiyosaki reaffirmed his long-term conviction, stating he still believes gold will reach $35,000 within
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00:47

Ansem Airdrops 67.38M $ANSEM to 700+ Wallets, 7 Addresses Already Cashed Out $1.29M

According to Lookonchain, crypto KOL Ansem distributed 67.38 million $ANSEM tokens (valued at $9.43 million) to over 700 wallets, with 49.89 million tokens (approximately $6.98 million) concentrated among 7 addresses. The 7 wallets have already sold 38.29 million $ANSEM tokens, realizing approximately $1.29 million. The addresses still hold 11.6 million tokens currently valued at $1.62 million.
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00:43

AI Startup Pocket Raises $11M from Accel, Y Combinator, ElevenLabs CEO

According to TechCrunch, Pocket, a Y Combinator-backed AI startup that records and transcribes in-person conversations and phone calls, raised $11 million from Accel, Y Combinator, and ElevenLabs CEO Mati Staniszewski. The company sells a $129 credit card-sized recording device and offers a $200 annual subscription with AI summaries and integrations. Pocket has sold over 130,000 devices since launch last year.
00:42

Tungsten Supply Constraints May Extend AI Chip Production Bottlenecks, Prices Up 151% YTD

According to SemiAnalysis on June 30, tungsten supply constraints may extend bottlenecks in AI semiconductor production beyond chips and equipment to critical materials themselves. Tungsten is irreplaceable in advanced chip manufacturing due to its high-temperature stability and resistance to electromigration, serving dual roles in both chemical vapor deposition and physical vapor deposition processes. Tungsten supply is tightening significantly. Japan's key suppliers of tungsten hexafluoride—th
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00:37

GameStop Pledges to Continue $56 Billion eBay Acquisition Bid Despite Board Rejection

According to Reuters, GameStop on Friday pledged to continue its approximately $56 billion acquisition bid for eBay in cash and stock, despite the company's board having previously rejected the proposal. CEO Ryan Cohen first proposed the deal in May, stating that the combined entity would better compete with Amazon. GameStop reiterated that additional strategic materials related to the transaction are forthcoming.
00:37

BlackRock Points to Power Infrastructure as Next AI Investment Wave, as U.S. Faces 55 GW Capacity Gap

According to Benzinga, BlackRock Investment Institute recently highlighted energy infrastructure as the next major investment opportunity in the AI era, moving beyond chip makers like Nvidia and AMD. The firm noted in a recent report that weak energy supply and rising electricity demand create a persistent investment theme favoring infrastructure and critical bottleneck sectors. U.S. electricity generation has stalled sharply. From 2008 to 2024, net generation grew nearly 0%, but since 2024 mont
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00:35

JPMorgan's Kinexys Adds 5 Asia-Pacific Currencies to Blockchain Deposit Accounts; Cumulative Volume Exceeds $4 Trillion

According to CoinPost, JPMorgan's Kinexys announced today the addition of 5 Asia-Pacific currencies—Australian dollar (AUD), Hong Kong dollar (HKD), Japanese yen (JPY), Chinese yuan (RMB), and Singapore dollar (SGD)—to its blockchain deposit accounts (BDA) network, bringing total currency support to 8, including existing euro, pound sterling, and U.S. dollar. The platform now processes daily transaction volumes exceeding $7 billion. Japan's energy giant JERA Global Markets became the first enter
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00:31

AVIC Optoelectronics Reports Second-Quarter Gold Price Decline Aids Cost Reduction

According to AVIC Optoelectronics' statement on June 30, the company has implemented systematic cost-mitigation measures in response to commodity price volatility, including cost pass-through, procurement management, technology substitution, lean management, and supply chain coordination. Second-quarter gold price declines contributed to cost reduction. The company also stated its isolator products maintain stable raw material supply, though specific customer and partnership details were not dis
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