Gate Crypto Flash News and Market Updates

According to Gate data, WTI crude oil fell over 1.00% intraday on June 29, trading at $69.37 per barrel.

According to Gate data, South Korea's KOSPI index fell 3% today. Samsung Electronics dropped 5%, while SK Hynix declined 4.5%.

Spot gold fell to $4,050 per ounce today (June 29), declining 0.77% during the session.

According to its Hong Kong Stock Exchange filing on June 29, Tuhu has confidentially submitted a draft F-1 registration statement to the U.S. Securities and Exchange Commission for the proposed public offering and listing of American depositary shares representing its Class A ordinary shares. The company has also filed the necessary applications with Chinese regulators under applicable laws regarding the proposed overseas offering and listing. The proposed offering remains subject to regulatory

According to Onchain Lens, a whale deposited 2 million USDC to HyperLiquid and opened a 31,255 CL long position with 1x leverage.

According to the Australian Competition and Consumer Commission (ACCC), the fuel excise rebate will be reduced to 16 cents per liter from July 1 to August 2, down from the current 32 cents per liter.

According to Cointelegraph, the European Banking Authority (EBA) issued a standardized penalty framework on June 26 for crypto asset issuers violating MiCA regulations. Major token issuers face fines up to 12.5% of annual revenue or twice the profit from violations, while significant e-money token issuers face a 10% annual revenue cap. The EBA will apply a two-step process to determine penalty amounts, considering aggravating and mitigating factors. The framework marks the start of substantive M

According to Onchain Lens, SharpLink Gaming purchased 39,196 ETH for approximately $62.43 million over the past 3 days. The address purchased 29,196 ETH for $46.7 million in its latest transaction.

According to LSEG Refinitiv data, U.S. stock mutual funds experienced net redemptions of $35.3 billion in the week ended June 24, compared with net inflows of $376.3 billion the prior week. Technology-focused funds saw outflows of nearly $20 billion, reversing the previous week's inflows of $214.6 billion. The shift was driven by investor concerns over tech companies' reliance on debt financing and expectations for a hawkish Federal Reserve stance.

According to BlockBeats, on June 29, HP announced an expansion of its strategic partnership with OpenAI's Frontier model, scaling pilot projects to enterprise-wide deployment across customer service, partner experience, employee productivity, and software development. Pilot programs demonstrated significant results: one engineer processed 122 pull requests across 43 projects within weeks, the security team compressed vulnerability fixes from one month to one day, and released approximately 82 ho

According to Citic Securities research report released on June 29, the brokerage observed accelerating price increases in the MLCC (multilayer ceramic capacitor) industry and forecasts the current cycle may resemble the super-cycle of 2017-2018. Citic Securities projects that price increases will extend for over one year, with original equipment manufacturers potentially achieving price hikes that could double or exceed current levels.

According to China Citic Securities, the People's Bank of China announced overnight repurchase operations on June 29, focusing on pricing relative to the 7-day repo rate of 1.4%. The bank will monitor whether this tool signals broader monetary accommodation and whether it becomes a routine liquidity measure.

According to Jin10, on June 26, the EU Commission headquarters in Brussels implemented a differential air conditioning policy amid extreme heat and power grid strain. The 13-story Berlaymont building shut down air conditioning for floors 1-7, where most staff work, while maintaining normal operations on floors 8 and above, where senior officials and Commission President Ursula von der Leyen's office are located. The decision triggered strong backlash from lower-floor employees, who criticized th

According to The Block, the Bank for International Settlements (BIS) issued its 2026 economic report finding that stablecoins lack monetary properties across four key dimensions—unity, resilience, interoperability, and completeness—and function more like exchange-traded funds than payment tools. Even if stablecoins expand to $1–3 trillion in market value, the net economic impact would remain slightly negative while increasing banking stress and constraining credit capacity. BIS also warned of "s

KOSPI, South Korea's benchmark stock index, fell 2% intraday today (June 29).

According to ChainCatcher and Coinglass, Bitcoin's current 8-hour average funding rate across the network is 0.0039%. Among major exchanges, Binance's rate stands at 0.0032%, OKX at 0.0005%, Bybit at 0.0016%, and Gate at 0.0069%.

The Hang Seng Index fell to 22,518 points on Friday, June 26, marking its lowest level since May 7 last year, according to technical analysis. The index has declined for six consecutive weeks since mid-May, with five straight days of lower highs and lower lows recorded last week, ultimately closing down 405 points at 22,671. On a weekly basis, the Hang Seng dropped 1,253 points, or 5.23%. Key technical support levels have collapsed following the breach of the 38.2% golden ratio support at 24,696

According to CoinDesk on June 29, Binance founder Changpeng Zhao attributed the 2026 crypto bear market to multiple factors including capital flowing toward AI investments, geopolitical tensions, and the crypto market's regular four-year cycle. He plans to strengthen Binance.US by integrating it with Binance Global's liquidity to enhance competition in the U.S. market. Zhao stated he no longer wants to operate a cryptocurrency exchange, preferring instead to serve in an informal advisory capacit

According to ChainCatcher, Loopring announced on X that its DEX will immediately cease all trading services effective June 28. The Layer 2 protocol cited insufficient adoption and the emergence of modern zkEVM solutions as reasons for the closure, compounded by LRC delistings from major exchanges in 2026. Loopring will return user assets directly to Layer 1 wallets at no cost. Accounts with balances of at least $10 will be eligible for distribution. The team will publish a final balance sheet wi

According to statements on June 29, Russian President Vladimir Putin proposed that both Ukraine and Russia stop striking each other's territorial depths as a measure to reduce escalation. Separately, Putin acknowledged that Russia is experiencing domestic fuel supply shortages and indicated that a comprehensive diesel export ban is among the options under discussion to address the crisis.