Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-06-28
00:20

Huajian Future-B Plunges 56.89% on Debut as IPO Valuation Hits 400x PS Multiple

According to Zhitong Finance, Huajian Future-B (06132) collapsed 56.89% on its first trading day on June 23 in Hong Kong, closing at 35.26 HKD versus an IPO price of 81.80 HKD. The biotech company's valuation nearly doubled within a year—from approximately 2.7 billion CNY in July 2025 to 5.39 billion CNY at IPO—while its price-to-sales multiple exceeded 400x based on 2025 revenue of 12.98 million CNY, highlighting a significant mismatch between its valuation and near-term commercial prospects. T
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00:15

Fidelity Analyst Dismisses Bitcoin Mining Reward Decline Security Concerns on June 28

According to Cointelegraph, Fidelity researcher Daniel Gray dismissed concerns that declining Bitcoin mining rewards would weaken long-term network security in a new report on June 28. Gray argued that Bitcoin's economic incentive structure sufficiently protects blockchain security beyond block rewards alone. The report highlighted that transaction fees, market incentives, and other economic factors continue to motivate miners to maintain network security, making sustained attacks prohibitively
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00:09

U.S. Military Strikes Iranian Missile Storage, Drone Facilities, and Radar Sites on June 27

According to Jin10 data and U.S. Central Command, the U.S. military struck multiple Iranian military targets on June 27, including missile and drone storage facilities, coastal radar stations, surveillance installations, communication systems, air defense positions, and mining equipment. The strikes were in response to Iranian actions against commercial shipping, U.S. officials stated. President Trump said on June 27 that the military had carried out the strikes because Iran violated a ceasefire
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23:43

Grayscale Warns CLARITY Act Failure Could Pressure Bitcoin; Galaxy Cuts Passage Odds to 50-50

According to Grayscale Research on June 26, stalled CLARITY Act legislation could add downward pressure on bitcoin and digital asset treasuries (DATs). Galaxy Research has cut its estimated odds of the bill's passage in 2026 to 50-50, citing a compressed Senate calendar, lack of a scheduled floor vote, and unresolved committee differences. Zach Pandl, Grayscale's head of research, warned that if the CLARITY Act fails to pass this year, Strategy and other DATs holding bitcoin on their balance she
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23:38

SecondFi Maps $2.4M ADA Recovery Within Two Weeks After Wallet Exploit

According to EMURGO CEO Phillip Pon on Saturday, the company has identified a recovery solution for the $2.4 million SecondFi wallet exploit and targets returning funds within two weeks. EMURGO completed its forensic investigation and validated wallet balances, with one week to build the recovery mechanism and another to test it before returns begin. Pon advised affected users not to move funds or take steps outside SecondFi's official guidance, emphasizing that the company will never request pr
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23:22

Chainlink Runtime Environment Selected for DTCC Collateral AppChain Launching Q4 2026

According to DTCC, Chainlink Runtime Environment (CRE) was selected as orchestration middleware for the DTCC Collateral AppChain, set to launch in Q4 2026. The development also links Chainlink infrastructure to Project Pangea, a 50-bank FX settlement initiative. The selection positions Chainlink as middleware for on-chain institutional settlement infrastructure rather than replacing legacy banking networks.
23:19

Nasdaq Biotechnology Index Closes Up 2.2%, Hits Fifth Consecutive Record High on June 26

On Friday, June 26, the Nasdaq Biotechnology Index closed up 2.2%, reaching its fifth consecutive closing record high. Leading gainers included Pyxis Oncology at +24.22%, followed by Humacyte, ATAI Beckley, Moderna, Immunitybio Inc., GH Research, and Abcellera Biologics at gains ranging from 18.05% to 10.81%. Compass Pathways rose 9.20%. Decliners included Omauro Pharmaceuticals (OMER) down 19.17%, Mesoblast down 9.03%, and Ardelyx down 8.50%.
22:47

Sharplink Acquires 5,000 ETH from FalconX on June 27 After 8-Month Buying Pause

According to onchain analyst Lookonchain, Sharplink acquired 5,000 ETH from FalconX on June 27 after an 8-month buying pause, paying approximately $18 million at an average price of $3,609 per coin. The onchain transaction was verified on-chain, though Sharplink has not issued a formal announcement. Sharplink's stock (Nasdaq: SBET) jumped 5.48% on Friday following the news, though it remains down 47.37% year-to-date. The company now holds 876,285 ETH valued at $1.38 billion, ranking as the secon
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22:38

Crypto Decouples From Stock Records as DOGE and HYPE Lead Weekly Losses

The S&P 500 equal-weight index reached record highs over the past week while crypto assets decoupled from the rally, according to publicly available market data. Dogecoin (DOGE) and Hyperliquid's HYPE were among the weaker weekly crypto performers, signaling a divergence between AI-linked equities and speculative digital assets.
21:56

Iran-Backed Forces Attack U.S.-Linked Tanker M/T Kiku on June 27; U.S. Central Command Retaliates

According to U.S. Central Command, Iran-backed drone forces attacked the Panama-flagged tanker M/T Kiku early Saturday morning (June 27), striking the vessel near the Strait of Hormuz. The ship was carrying over 2 million barrels of crude oil. In response, U.S. Central Command forces conducted strikes against Iranian military surveillance facilities, communication systems, air defense sites, drone storage facilities, and mine-laying capabilities.
21:51

BIP-110 Bitcoin Proposal Advances August Deadline With Only 0.31% Miner Signaling

According to Bitcoin.com News, as of June 2026, the BIP-110 proposal—designed to restrict Ordinals inscriptions and data storage methods on Bitcoin—faces a mandatory signaling window around August 7, 2026, despite securing only 0.31% of total hashrate (approximately 5 EH/s out of 940 EH/s) in miner support. The proposal requires only 55% miner signaling for activation, below Bitcoin's traditional 95% threshold, raising split risk concerns among prominent developers. Adam Back and Jameson Lopp ha
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