Gate Crypto Flash News and Market Updates

According to Jin10, Verizon and BT Group are in advanced negotiations on June 29 to integrate portions of their international operations through a joint venture structure. The companies have not finalized specific ownership stakes or deal terms. Verizon, valued at approximately $194 billion, could announce an agreement with BT Group as early as Monday. BT Group's market capitalization stands at approximately 19.4 billion pounds ($25.7 billion).

According to Jin10, large forex options contracts worth over $1 billion (notional value) across multiple currency pairs—including EUR/USD, USD/CHF, AUD/USD, and USD/JPY—are set to expire today at 10 p.m. Beijing time (June 29). Five strike prices with notional values exceeding $1 billion each are involved; traders are advised to manage risk accordingly.

According to Citigroup rate strategists on June 29, the bank raised its year-end target for 10-year U.S. Treasury yields to 3.9% from 3.75%. The adjustment follows a hawkish stance by the Federal Reserve at its June meeting. Citigroup strategists maintained a mid-term bullish view on U.S. Treasuries, citing expectations that recent Middle East tensions will not drive core inflation pressures, and noting their bias toward labor market weakness rather than strength.

SK Group Chairman Choi Tae-won announced plans to construct a total of 15 gigawatts of artificial intelligence data center capacity in South Korea, according to reports.

According to Foresight News, crypto comic creator Bold stated recently that he will decline and immediately sell any tokens issued under his brand name. "I don't want tokens based on my brand, and even if I did, I would create them myself," Bold said. "Any tokens sent to me or fees transferred to my account will be immediately liquidated without hesitation."

Michael Saylor hinted at another Bitcoin purchase on June 28 after sharing MicroStrategy's acquisition tracker on X, following similar posts on June 7 and 21 that preceded purchase announcements. The company holds 847,363 BTC valued at approximately US$50.8 billion against a total acquisition cost of US$64.1 billion, leaving an estimated unrealised loss of US$13-14 billion as Bitcoin trades near US$60,000.

According to Odaily, biotech stocks on Hong Kong's Growth Enterprise Market surged today (June 29), with Mediwound Holdings-B (formerly Yao Jie An Kang-B) leading gainers at plus 41.75%, followed by Konvoy Medical at plus 38.15% and Smilevalley Holdings at plus 21.42%. Gate platform data shows strong market demand for innovative pharmaceutical sector stocks.

According to JPMorgan Chase, the bank raised its year-end 2026 target for the FTSE 100 index from 10,300 points to 11,000 points.

According to China Economic Net, South Korea's KOSPI index turned green on June 29, gaining 0.73% to 8,472.21 points, after sliding over 3% earlier in the session. The Korea Exchange subsequently activated the KOSDAQ temporary trading halt mechanism in response to the volatility.

According to BlockBeats citing Hyperinsight monitoring data, BlackBerry (BB) shares surged 40% over the past 7 days as of June 29, reaching 11.6 USD with a 3.4% daily gain. The stock has climbed 270% since its early April low. A trader with address 0xa5fd went long BB with 10x leverage on trade.xyz since the contract's launch 32 days ago, investing 58,000 USD at an average entry price of 8.8 USD. The position has accumulated unrealized gains of 186,000 USD, representing a 318% return on the 770,

According to Hong Kong Stock Exchange disclosure on June 29, Shengwei Times Technology Co., Ltd. submitted a main board listing application for the third time, with Industrial and Commercial Bank of China International as sole sponsor. The company previously submitted applications on September 11, 2025 and November 13, 2024. Shengwei Times is a Chinese ride-hailing and passenger transport services provider offering digital solutions across sectors. By 2025 gross transaction volume, it ranked 13t

According to on-chain analyst Ai Yi, 12 addresses spent $1.985 million building ANSEM positions in the past 24 hours (June 29), with each position exceeding $100,000. ANSEM has surged nearly 600-fold over the past three days, pushing its market cap above $100 million.

According to BlockBeats, on June 29 afternoon, China's A-share semiconductor equipment sector surged, with Huahai Qingke and Beijing Instrument rising over 11%, while Jinhai Tong and Huaya Intelligence hit daily limits. Other stocks including Huafeng Measurement and Xinyuan Microelectronics followed higher.

According to Peipei News, embodied AI company ZhiPingFang recently completed a new fundraising round totaling approximately 5 billion yuan (around 700 million US dollars), with a valuation exceeding 200 billion yuan. The company became the first embodied AI enterprise in the Greater Bay Area to officially break through a 200 billion yuan valuation. ZhiPingFang stated it will accelerate the iterative upgrade and scaled production of its "robot brain" technology following the funding.

According to the Bank for International Settlements (BIS), excessive AI investment spending poses a potential flashpoint for systemic risk on June 29. The surge in AI financing has relied on enormous debt and highly leveraged nonbank structures that can rapidly unwind, creating instability in global financial markets.

According to Serenity, on June 29, the 2020-2030 decade may become the fastest period of technological advancement in human history. The forecast points to breakthroughs across multiple domains: reusable rockets advancing orbital infrastructure through companies like SpaceX and Rocket Lab; artificial intelligence firms including Anthropic and OpenAI progressing toward artificial general intelligence (AGI); humanoid robotics by Boston Dynamics and Unitree approaching commercialization; and autono

According to Guo Daguang Futures, spot gold fell more than 1% on Monday following renewed tensions between the United States and Iran over the weekend. London spot gold dropped below the key support level of $4,000 per ounce last week before recovering, posting a weekly decline of over 1% and marking the fourth consecutive week of losses. Domestic Shanghai gold declined more than 5% for the week, outpacing losses in international markets.

According to Guru Club, gold futures on New York Mercantile Exchange fell below the $4,060 per ounce level on June 29, declining 0.90%.

According to Guru Club, spot gold fell 1% to $4,040.47 per ounce today (June 29).

Spot silver dropped to $58 per ounce today, declining 1.35% during intraday trading on June 29.