Gate Crypto Flash News and Market Updates

U.S. Secretary of State Marco Rubio held talks with his Italian counterpart last Friday, stating the two countries will proceed with signing an agreement.

According to reports, Intel-backed AI inference chipmaker SambaNova Systems is seeking to raise up to $1 billion at a post-money valuation of $10 billion.

U.S. bond markets are sharply divided on Federal Reserve policy as new Chair Kevin Warsh's inflation-fighting stance reshapes rate expectations. Rate futures show investors betting on possible rate hikes before autumn and further increases next year; however, major asset managers including Citigroup and BofA Securities predict the Fed may ultimately hold rates steady or cut, citing easing oil prices, cooling labor market, and slowing economic growth. Warsh's emphasis on restoring the Fed's infla

According to Odaily, Bitcoin recently fell to approximately $59,100, pushing the amount of BTC in a loss-making state to 10.83 million, marking a new historical high and surpassing the previous bear market bottom peak. Long-term holders currently hold a record 1.48 million BTC, with more than one-third in a loss-making position.

According to MSX.COM data, storage stocks showed mixed performance in U.S. pre-market trading on June 25. Micron Technology (MU) surged 16.68%, while Marvell Technology (MRVL) rose 4.86%, Broadcom (AVGO) gained 1.98%, NETSCOUT Systems (ANET) rose 3.26%, and Advanced Micro Devices (AMD) climbed 3.77%.

According to on-chain data, Bitmine acquired an additional 35,138 ETH worth $58.65 million today. The purchase, made by the firm linked to investor Tom Lee, marks a continued accumulation of the digital asset.

According to BlockBeats citing public filings, on June 25, Marvell's new CFO Daniel Durn divested 2,250 shares worth $632,000. In the same period, former CFO Willem Meintjes filed Form 144 with the SEC to sell 207,329 shares, expected to raise approximately $60.13 million at an average price of $290.03 per share. Meintjes notified the company of his resignation on June 10 and officially stepped down on June 15, with Durn, the former Adobe CFO, taking over the position.

According to CNBC, Darden Restaurants reported Thursday its fiscal fourth quarter earnings per share of $3.66, exceeding the Wall Street consensus estimate of $3.63. However, the company's revenue came in at $3.72 billion, slightly below the expected $3.73 billion, and same-store sales growth at its fine-dining restaurants and Olive Garden fell short of expectations. Net income rose to $404.9 million, or $3.51 per share, from $303.8 million, or $2.58 per share, a year earlier. Net sales climbed

According to Foresight News, trading platform Alph AI will launch support for Base's B20 token standard on June 26 at 2 AM UTC+8, enabling B20 asset trading and sniping features. B20 is a native token standard introduced in the Base Beryl upgrade, compatible with ERC-20 and designed for stablecoins, real-world assets, and equity tokens.

According to Goldman Sachs chief US equity strategist Ben Snider, the bank believes this year's combined IPOs and follow-on share issuances totaling approximately $700 billion will not overwhelm the stock market. The analyst noted that while the dollar magnitude sounds large, it represents only about 1% of total equity market capitalization—lower than the long-term average and in line with 2015–2019 levels. Snider cited three main reasons: the number of deals remains historically normal, market

According to Foresight News, Grass announced on June 25 that it will introduce a non-custodial wallet feature directly within its application. Each Grass account will automatically include the wallet without requiring additional app downloads or separate setup. Users can hold, send, and receive digital assets including GRASS tokens, and withdraw funds to debit cards, Venmo, or PayPal via MoonPay integration. The wallet is scheduled to launch mid-July.

According to spokesperson He Yadong of China's Ministry of Commerce, as of June 2026, the ministry has unveiled over 500 key foreign investment projects, including more than 70 landmark projects. These projects are primarily concentrated in manufacturing sectors including petrochemicals, energy, mechanical equipment, electronics, information technology, automotive, and healthcare, with total investment exceeding $300 billion.

According to Brazil's Central Bank, economic activity grew strongly in the first quarter of 2026.

BlackBerry reported first quarter fiscal 2026 revenue of $152.9 million on June 25, exceeding analyst estimates of $136.8 million. The company's adjusted earnings per share reached $0.04, above the consensus estimate of $0.03, while adjusted gross margin expanded to 78.6% versus the expected 76.9%. BlackBerry's stock surged more than 8% in pre-market trading. The company guided full-year revenue between $594 million and $621 million, compared to market consensus of $601.9 million, with adjusted

According to Guru Club, Hong Kong's High Court issued a global asset freeze order on June 11 targeting Lu Yan Yi, chairman and controlling shareholder of LET Group Holdings Limited and Kai Sheng Holdings Limited, as well as Major Success Group Limited. The freeze, valued at HK$146.9 million, prohibits the respondents from dissipating, disposing of, or dealing with their assets in Hong Kong or elsewhere. The order remains effective until the next hearing scheduled for August 26. The Securities an

According to South Korea's central bank, on Wednesday, household and corporate debt reached 197.9% of GDP as of end-2025, exceeding levels observed in other major developed economies. The central bank's Financial Stability Report released on June 25 showed household debt at 88.2% of GDP and corporate debt at 109.8%, with debt balances continuing to grow despite a marginal quarterly decline driven primarily by statistical factors. Meanwhile, margin-financed stock investments and home prices have

According to NBA data, the five-game Finals series between the New York Knicks and San Antonio Spurs generated 15 billion views on social media platforms, the most ever for an NBA Finals series and nearly triple the previous record set in 2025. Game 5 alone generated over 4 billion views, breaking the record set by Game 4 three days prior. The Finals attracted an average of 20.6 million viewers per game on ABC and ESPN networks. The viewership surge reflects a broader shift in sports consumption

The Central Bank of Brazil raised its 2026 GDP growth forecast to 2% from a prior estimate of 1.6%, according to its latest projection released today.

Amazon will invest an additional $13 billion in India by 2030 to expand AWS data centers and AI services across Mumbai and Hyderabad, the company announced. The investment aims to strengthen cloud infrastructure and artificial intelligence capabilities in the region.

According to OpenAI, the company and Broadcom unveiled Jalapeno on June 25, a custom AI accelerator designed specifically for large language model inference. Developed in partnership with Broadcom and Celestica, Jalapeno represents the first component of a planned multi-generation compute platform aimed at improving speed, efficiency, and accessibility of advanced AI systems. The chip was built from internal research into LLM inference requirements and incorporates kernel optimization, memory ha