Gate Crypto Flash News and Market Updates

U.S. Chief Justice John Roberts announced that the Supreme Court's final decision day of the current term will be June 30 (Tuesday).

Ethlabs disclosed on its official X post that it operates as a nonprofit organization to maintain independence and neutrality in supporting Ethereum as a public good. The organization's funding comes from major ETH holders and ecosystem builders aligned with Ethereum's long-term success, but these funders receive no governance control, routing decisions, or project prioritization authority. Ethlabs confirmed its committed funding can support 2-3 years of operations, including recruitment of top-

According to Guru Club, the U.S. Securities and Exchange Commission (SEC) fined Merrill Lynch, a subsidiary of Bank of America, $7.5 million for failure to submit multiple suspicious activity reports (SARs) as required by federal regulations.

NATO Secretary General Mark Rutter met with UK Prime Minister Keir Starmer at 10 Downing Street, where they discussed critical defense matters. Both agreed on the importance of increasing defense investments, strengthening defense production, and providing strong support to Ukraine. The commitment will be demonstrated when NATO allies present their progress at the NATO summit next week.

According to Bank of America, Warby Parker (WRBY) received a Buy rating with a $33 price target in its latest report. The investment bank highlighted the company's expansion strategy, including opening additional retail stores, introducing $95 eye exams, and expanding partnerships with Target for in-store eyewear shops.

Microsoft shares plunged in June, erasing over $530 billion in market value with stock down more than 20% for the month, marking the worst monthly performance since the 2008 financial crisis. The selloff drove shares to their lowest closing level since 2023 before a recent rebound. Investors have expressed growing concerns about the software giant's prospects in the artificial intelligence era.

According to BlockBeats, on June 29, Giga Device Semiconductor Manufacturing Limited issued a risk warning predicting that niche storage product prices will experience significant decline as market capacity gradually increases. The company noted that current price levels are historically high and unsustainable; as the niche storage market—which supplies sectors outside mainstream channels like consumer, industrial, networking, and automotive—adds capacity, prices will likely fall considerably, n

According to Sky Forum, Sky Core announced on June 29 that it is moving the voting spell contract address submission process from Discord's #new-spells channel to a dedicated forum thread under the Sky Core section. Contract writers will now submit addresses by commenting on the forum thread, where two reviewers will confirm the submissions to create a public, auditable handover record. The old Discord channel will no longer be used for spell address handovers.

According to The Kobeissi Letter, leveraged MicroStrategy ETFs ($MSTX, $MSTU, $MSTP) launched in 2024 have declined more than 90% since inception. The 2x long ETFs have fallen approximately 81-82% year-to-date, tracking the underlying MicroStrategy stock ($MSTR), which has declined 46% this year and fell 27% in the last week alone. The steep declines in leveraged products reflect the compounding effect of daily resets used in leveraged ETFs; despite billions of dollars in inflows, the magnified

Trumid and BlackRock announced an expanded multi-year partnership on June 28, integrating Trumid's Request for Quote (RFQ) and Swarms trading protocols directly into BlackRock's Aladdin investment management platform. Aladdin users, including asset managers, insurers, pension funds and banks, will now access Trumid's liquidity pools and automated trading workflows without switching between applications, covering corporate, high-yield and emerging market bonds. The partnership coincides with acce

According to Jin10 citing Bloomberg tanker tracking data, approximately 14 million barrels of Iraqi crude oil successfully departed the Persian Gulf in late June after being held up due to Middle East tensions. The shipments, which averaged 1.4 million barrels per day over the 10-day period, are now being delivered to buyers in Asia, Europe, and the United States.

According to Jin10, France and Oman announced on June 29 that they will conduct joint demining operations in the Strait of Hormuz in collaboration with partners to ensure safe maritime passage and maintain free, unconditional transit through the waterway. French President Emmanuel Macron made the statement during a meeting in Paris with Oman's Sultan Haitham al-Said. The two countries also pledged to jointly promote de-escalation efforts in the Middle East.

According to Jin10, Tongcheng Travel (00780.HK) announced on June 29 that it will launch a voluntary all-cash tender offer for all issued shares of Dida Chuxing (02559.HK) through its subsidiary eLong, Inc. Five major shareholders of Dida Chuxing have signed irrevocable undertakings to accept the offer, representing approximately 53.7% of the company's issued share capital. Tongcheng stated the acquisition does not aim to delist Dida Chuxing and plans to maintain its Hong Kong listing status pos

According to Goldman Sachs data reported by BlockBeats on June 29, hedge funds sold the largest volume of U.S. information technology stocks in a single week since 2016 during the week ended June 25. The Magnificent 7 stocks fell to 14.5% of total U.S. hedge fund exposure, approaching their lowest level in three years. This represents a 7 percentage point decline from the beginning of 2026 and marks the steepest six-month drawdown since the 2022 bear market.

According to Semafor, multiple industry groups led by the U.S. Chamber of Commerce sent a letter yesterday to the House Rules Committee expressing strong opposition to a proposed clause in the defense authorization bill that would prohibit defense contractors from conducting stock repurchases.

Brazil's Planning Minister announced the government will invest 3 billion reais in a new debt plan, stating the initiative will not have a major fiscal impact.

According to JPMorgan analysis cited by BlockBeats, major U.S. institutions will execute approximately $165 billion in stock sales by end of June as part of quarterly rebalancing. The selling pressure stems from five institutional pools: U.S. fixed-income pension funds (estimated $55 billion in equity sales), Japan's Government Pension Investment Fund ($60 billion in global stocks), Norway's sovereign wealth fund ($40 billion), Swiss National Bank ($25 billion), and balanced mutual funds (expect

According to Defense Minister Yoav Katz, the Israeli military was forced to alter its military strategy against Lebanon-based Hezbollah due to U.S. government pressure and Washington's policy of linking Iran and Lebanon, Katz disclosed in a closed-door discussion with military correspondents.

According to Axios, U.S. envoy Witkoff and Kushner are heading to Doha, Qatar today.

According to Morgan Stanley strategist Mike Wilson on June 29, the semiconductor sector may be entering a cyclical peak similar to silver's earlier advance. The Philadelphia Semiconductor Index (SOX) showed extreme volatility: surging 7.3% in the week of June 15, then plunging 7.9% the following week. Wilson cautioned that while this does not signal an end to semiconductor industry fundamentals, the sector's near-term momentum appears exhausted, potentially creating outperformance opportunities