Gate Crypto Flash News and Market Updates

The U.S. Supreme Court recently declined to review a petition challenging the SEC's withdrawal of its Gag Rule, according to market reports. The SEC had previously revoked the controversial rule that restricted the agency's communications with external parties.

According to Bank of America Securities, as reported by Jin10 Data on June 29, the bank forecasts U.S. non-farm payrolls will increase by 110,000 in June, driven by moderate initial jobless claims and strong ADP employment data. BofA added that a robust employment report could reinforce market expectations for three rate hikes in 2026, though downside risks remain from seasonal factors in leisure and hospitality sectors.

North American technology and software sector ETF rose 2.1% in early trading today (June 29), hitting $90.02 per share, marking the second consecutive day of gains. The ETF's rally reflects renewed momentum in the tech sector amid ongoing market dynamics.

According to NGRAVE, the company recorded a 34% surge in hardware wallet sales during the week of June 24-27 as the July 1 MiCA compliance deadline in Europe drew closer and users moved to secure their assets in self-custody ahead of regulatory changes. The sales increase reflects a broader market trend: independent research projects the global hardware wallet market will triple from $720M–$957M in 2026 to $2.25B–$3.44B by 2031–2032, growing at approximately 25% compound annual growth rate. MiCA

According to Strategy's June 28 disclosure, the Tysons Corner, Va.-based company established a $2.55 billion USD Reserve to cover approximately 17.4 months of preferred dividend and interest payments. The reserve can only be used for preferred dividends and debt interest; any other use requires board authorization. Strategy raised the annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) from 11.5% to 12%, effective July 1, 2026, targeting a trading price of

According to a report published by Exponential View on June 29, the generative AI industry generated $110 billion in trailing 12-month revenue and is currently operating at an annualized revenue run rate of approximately $175 billion. The sector has achieved this growth level roughly three times faster than the internet, mobile applications, and cloud computing did at comparable development stages. The analysis, based on bottom-up revenue data from over 1,000 companies, tracked revenue across th

According to Bloomberg, space fintech startup Nebex announced the completion of a $30 million seed funding round led by Google Ventures, Alphabet's venture capital arm. The company was founded by Tejpaul Bhatia, former CEO of Axiom Space.

According to Odaily, as the second quarter neared its close, Bitmine chair Tom Lee attributed recent crypto market weakness to institutional "window dressing"—the practice of reducing underperforming positions before quarter-end reporting. Ethereum declined roughly 8% last week amid this pressure. Lee emphasized improving sector fundamentals, citing the formal launch of Ethlabs and a softening stance from the Bank of England on stablecoin regulation. He reiterated long-term bullish conviction on

According to on-chain analyst Ash, Strategy (MSTR) made no Bitcoin purchases last week and currently holds 847,363 BTC worth $50.84 billion with an average cost of $75,651 per coin. Meanwhile, Ethereum treasury company BitMine (BMNR) purchased 27,084 ETH last week at approximately $1,648 per coin, valued at $44.63 million. BitMine now holds 5.70 million ETH worth $89.78 billion with an average cost basis of $3,399 per coin.

According to Reuters, Iran's Deputy Foreign Minister Kazem Gharibabadi said on Monday that technical talks between Tehran and Washington were not scheduled this week, contradicting earlier reports. Gharibabadi stated via Iran's Tasnim news agency that Qatar-mediated negotiations have not been finalized. However, sources familiar with the talks said the U.S. and Iran technical teams plan to meet in Doha in coming days as part of efforts to shore up a fragile ceasefire agreement that nearly collap

According to PPP holding analysis on Polymarket, large addresses betting against Brazil's victory in the Brazil vs. Japan World Cup match showed significantly higher profitability. Addresses that purchased Brazil not winning recorded combined profits of $15.38 million, while those betting on Brazil victory lost $4.49 million combined.

According to Odaily, Breez, a Bitcoin infrastructure provider, has added a new feature to its SDK that allows users to send USDC and USDT directly from their Bitcoin balance to over 30 blockchains without pre-conversion or holding stablecoins. The feature integrates Lightning Network with automatic conversion; after users input a recipient address, Breez SDK identifies the target blockchain, calculates the conversion route, and displays the amount, network, and fees before confirmation. Transact

According to Odaily, BlackRock and Ethena Labs announced a partnership today to expand institutional access to Ethena products on BlackRock's Aladdin platform. Ethena will support a $100 million liquidity mechanism through Securitize for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), enabling eligible clients to convert between BUIDL and USDC, USDtb, and other supported stablecoins. The mechanism also allows bidirectional conversions during non-trading hours. BUIDL, which manages

According to RTE grid operator data, France's nuclear power output fell below 33 gigawatts on Sunday, June 29, hitting its lowest level in nine months due to a heat wave across Europe forcing EDF to reduce production as river temperatures remained too high to effectively cool reactors. Electricity market concerns rippled through futures trading on Monday, with France's July power futures surging 27% to 81.01 euros per megawatt-hour (approximately $92.42), marking the highest price for near-month

According to a diplomatic official and President Trump's announcement, technical teams responsible for implementing U.S.-Iran agreements plan to meet in Doha within the coming days. A communication channel established to ease tensions is in place, and technical negotiations will continue, the official said. Trump announced on social media Monday that bilateral negotiation representatives from both sides will hold talks on Tuesday.

According to Odaily, U.S. IPO and equity offerings reached a record $251 billion in the first half of 2026, with SpaceX's historic listing serving as a key catalyst. AI-related companies are expected to fuel continued momentum in the third quarter, with firms like Anthropic among those potentially advancing toward public listings.

According to market sources, U.S. IPO and stock offering activities reached a record $251 billion in the first half of 2026, with SpaceX's historic listing as a major contributor. Investment bankers forecast a stronger IPO pipeline for the third quarter, driven by AI-related enterprises including Anthropic, which remain on track to pursue public listings.

According to Odaily, AI technology developer 8090 announced the completion of a $135 million Series A funding round led by Salesforce Ventures. The company focuses on AI technology development.

According to White House National Economic Council Director Hassett, on June 29, Nasdaq and NYSE officials plan to jointly ring the opening bell at the Oval Office to celebrate the Trump Account launch scheduled for July 4. The tax-advantaged savings account will provide $1,000 initial investment to all U.S. citizens born between 2025 and 2028. Older children can also open the account. Additionally, some eligible children will receive a $250 contribution from Michael Dell and his wife Susan.

The Indian government announced it will lift restrictions on the sale of gasoline and diesel starting July 1, 2026.