Gate Crypto Flash News and Market Updates

According to Eric Schmidt, former Google CEO, China's artificial intelligence technology gap with the United States has narrowed to less than six months, he said in May at an AI expo hosted by the Special Competitive Studies Project (SCSP). Schmidt, who previously advocated for U.S. chip export restrictions on China, acknowledged that the policy has begun to lose effectiveness. China has achieved AI model performance comparable to the U.S. mainstream models despite using inferior hardware specif

According to an official announcement on June 26, CATL (Contemporary Amperex Technology Co., Limited) added shipping-related hedging instruments to its commodity hedging framework, raising the margin limit to 64 billion yuan (approximately $9.6 billion). The company aims to mitigate exposure to international shipping cost volatility and stabilize transportation expenses as its global operations expand.

According to Foresight News, Etherlink EVM Bridge halted all transfers today after becoming a target of security attack attempts. As a precautionary measure to protect user funds, the team is investigating the issue in collaboration with LayerZero, Asymmetric Research, and Zeeve. No funds were lost. A timeline for service restoration has not yet been determined.

According to Bosideng's full-year financial report released on June 25, the Chinese down jacket maker reported revenue of approximately 273.50 billion yuan (RMB) for fiscal year 2025/26, up 5.6% year-over-year, with net profit attributable to shareholders reaching 39.94 billion yuan, up 13.7% year-over-year. Operating profit margin stood at 19.4%. The company has delivered nine consecutive years of net profit growth outpacing revenue growth since its strategic transformation in 2018, with the bo

According to Financial Times, Google has restricted Meta's access to Gemini AI amid intensifying compute infrastructure shortages. The limitation reflects ongoing constraints in AI processing capacity as major tech companies compete for computational resources.

According to Farside data, U.S. HYPE spot ETFs have recorded $300 million in net inflows since launching this month, as of June 28. Grayscale's HYPG attracted $123.5 million in cumulative net inflows, Bitwise's BHYP accumulated $116.5 million, and 21shares' THYP saw $60.2 million in net inflows.

According to the U.S. Permanent Representative to the United Nations, on June 28, the U.S. will continue taking action to destroy Iran's infrastructure used to control the Strait of Hormuz. The U.S. official warned that if Iran believes the Trump administration will stand idle while Iran attacks shipping and U.S. military bases, it is mistaken. Iran must choose to become a responsible nation or continue down a path toward destruction.

The U.S. June nonfarm employment report will be released on Thursday, July 2, with economists expecting payroll gains of 115,000 jobs, according to market expectations. Following three consecutive months of solid job growth in May, strong data could further fuel market bets on a Federal Reserve rate hike as early as September under new Fed Chair Kevin Warsh. The employment figures arrive amid heightened Fed speculation around inflation control as the central bank's first priority. Separately, SK

According to PANews, on June 28, ZachXBT shifted content distribution to Telegram, posting 9 reports compared to just 1 investigation on X platform in June. The on-chain researcher cited multiple technical issues on X, including bugs in the private messaging system migration and declining search reliability. ZachXBT stated that X's algorithm creates a "traffic bottleneck" for crypto content, limiting audience reach beyond the crypto community, and indicated plans to explore alternative content d

According to on-chain metrics provider X, the proposed CLARITY Act could unlock access to approximately $56 trillion in assets managed by U.S. pension funds if enacted. The legislation would establish regulatory clarity for digital assets, removing uncertainty that has prevented institutional investors from allocating capital to cryptocurrencies including XRP. Republican lawmakers are pushing to advance the bill before Congress adjourns for its August recess. When senators return on July 13, Con

According to Jin10, Russian President Vladimir Putin stated on June 28 at the United Russia Party Congress that Russia will firmly defend its fundamental interests. Putin said the West cannot defeat Russia on the battlefield and that attempts to destabilize Russia's domestic politics will not succeed. He added that Russia has adjusted certain development goals based on circumstances but all strategic plans will be fully realized, with national security and the inviolability of Russian borders gu

According to CoinDesk, Binance founder Changpeng Zhao attributed crypto market's significant H1 2026 decline to three main factors: geopolitical tensions, investor capital rotation toward AI, and the typical four-year market cycle. Bitcoin fell approximately 50% from its October 2025 peak above $126,000 to around $60,000, having opened the year near $89,000 and briefly risen above $96,000. Zhao remains optimistic on the industry's long-term prospects, noting that financial technology demand will

According to an interview with CNBC, Ripple CEO Brad Garlinghouse criticized Michael Saylor's Bitcoin accumulation model yesterday, saying MicroStrategy's reliance on financing structures to fund BTC purchases has added pressure to the broader crypto market as Bitcoin rose above $60,000. Garlinghouse said long-term value in digital assets should come from utility rather than financial engineering. He pointed to MicroStrategy's STRC preferred stock trading approximately 25% below its $100 par val

According to ChainCatcher, Yuma, a subsidiary of Digital Currency Group (DCG), launched a new fund on June 28 to provide investment exposure to Bittensor's native token TAO and its subnet ecosystem. Bittensor currently operates 128 subnets with a combined asset value exceeding $900 million.

According to Guru Club, on June 28, Russia decided to reduce the mandatory exchange-traded gasoline sales quota from 15% to 10% and limit price fluctuation margins, according to Deputy Prime Minister Novak. Russia does not plan to ban diesel exports.

Russian President Vladimir Putin said recently that the current period holds decisive significance for the nation and that Russia cannot be defeated on the battlefield.

According to ChainCatcher, Polymarket users on Polygon lost approximately $3.1 million in PUSD recently due to front-end malicious script injection, according to AMLBot's blockchain intelligence monitoring. Attackers embedded malicious scripts to trick users into signing authorization transactions involving EIP-7702 delegation, emptying affected wallets. The stolen funds were converted to USDC.e via Relay, bridged to Ethereum, and swapped for ETH, with approximately 1,891.9 ETH currently distrib

According to state media, on June 28, China's Water Resources Ministry issued a forecast predicting heavy rain and potential flooding across southern regions from June 28 to July 3. The warning covers parts of southern Anhui, northern Jiangxi, northern Hunan, southern Hubei, southern Guizhou, and northwestern Guangxi, with risks of major flooding in Jiangxi's Changjiang River and smaller rivers potentially exceeding warning levels. The ministry directed officials to monitor flood risks in key ar

According to TASS, Russia will consider implementing a comprehensive diesel export ban on June 29.

According to Paradis Labs, GS predicts that 30% of humanoid robot components will be sourced from South Korea by 2035, leveraging the country's automotive industry expertise to manufacture key parts such as actuators. Actuators, which simulate human muscles and joints, account for approximately 50% of humanoid robot bill of materials. South Korean component manufacturers are well-positioned for this transition due to technological overlap between actuator production and automotive systems includ