Gate Crypto Flash News and Market Updates

On Wednesday, President Trump endorsed Nokia's $30 million Pennsylvania semiconductor investment during a Mack Trucks facility event, boosting NOK stock over 1% in premarket trading. Trump highlighted Nokia's expansion of semiconductor testing and packaging operations in Allentown, which he described as creating thousands of jobs. Investors viewed the endorsement as validation of Nokia's transformation into an AI infrastructure player. The Pennsylvania project, backed by $14 million in state and

According to Defense Minister Yoav Gallant, Israel will not withdraw from southern Lebanon on June 24, even if the United States requests it. Gallant stated that 200,000 Lebanese residents have been displaced due to Israeli military operations. He cited past security incidents, including roadside bombings and attacks on soldiers in designated safe zones, as reasons why Israel will maintain its presence.

According to JPMorgan Chase, the bank has lowered its Brent crude price outlook for the second half of 2026 and 2027. The bank expects Brent to average $86 per barrel in Q3 2026, $80 per barrel in Q4 2026, and $78 per barrel at the end of 2026. For 2027, JPMorgan Chase projects an average price of $64 per barrel.

According to Jin10, Iran's Deputy Foreign Minister Qaribabadi said on June 24 that Tehran has no plans to allow the International Atomic Energy Agency (IAEA) to inspect its nuclear facilities and nuclear materials. During a meeting in Switzerland, Qaribabadi stated that no meeting took place with IAEA Director General Grossi, despite his request. Iran said it will only review such matters within a final agreement framework and on the condition that the other party takes concrete action to lift a

According to Jin10, China's domestic gold prices have continued to decline from over 980 yuan per gram at the start of June as of June 24. Gold retail prices from major brands have fallen in step. While overall retail sales remain cautious, the price decline has stimulated demand among some consumers. Wedding-related orders, typically a slow season in June, have shown significant recovery, with some merchants reporting year-on-year sales increases. Large bulk orders in the Shenzhen Shuibei gold

Spot palladium declined 2.00% intraday on June 24, trading at $1,203.91 per ounce.

According to the Mortgage Bankers Association, for the week ending June 19, U.S. 30-year fixed mortgage rates fell to 6.59% from 6.60% the previous week.

According to Foresight News, Bitget PoolX will launch the o1.exchange (O) token starting June 25 at 8:00 PM UTC, with a total reward pool of 350,000 O tokens. The staking window runs through July 2 at 8:00 PM UTC, with a personal cap of 50 BTC per participant.

According to Ben Slavin, global head of ETFs at BNY Mellon, asset managers on Wall Street are adopting tokenization out of "fear of missing out" rather than fundamental reasons, he told CoinDesk recently. Slavin noted that many institutions have launched tokenized money market funds and plan to expand tokenization beyond this category. BlackRock's BUIDL holds $2.35 billion in total asset value, while Franklin Templeton's BENJI holds $831.78 million. Tokenization enables 24/7 trading and reduces

According to Foresight News, Cardano ecosystem project SecondFi identified the root cause of recent security incidents and deployed patches for unaffected wallets. The attacks resulted in four fund transfer events; three were attributed to external attackers, with approximately 16 million ADA transferred from 374 addresses. To prevent further losses during the ongoing attacks, SecondFi transferred approximately 129 million ADA to an independent third-party custodian and engaged external auditors

The MBA mortgage applications activity index increased 1% in the week ending June 19, rebounding from a decline of 3.8% in the prior week.

The People's Bank of China will conduct a 500 billion yuan Medium-term Lending Facility (MLF) operation on June 25, 2026, with a one-year maturity. The operation will use fixed quantity, interest rate bidding, and multiple-price tender methods.

According to BlockBeats, on June 24, President Trump instructed the U.S. Department of Justice to investigate major oil companies, accusing them of failing to pass crude oil price declines to retail pump prices. Trump stated consumers are being "ripped off" amid the pricing disparity. Trump also advanced efforts to negotiate a nuclear accord with Iran, stating the U.S. is pursuing a "fair deal" to end Strait of Hormuz tensions. He said Iran has agreed to accept permanent international inspection

According to BlockBeats, on June 24, SpaceX confirmed its new orbital AI satellite constellation project named Starmind, with plans to deploy up to 1 million AI-powered satellites as part of next-generation space infrastructure following Starlink. Each satellite will function as a solar-powered compute node, delivering orbital AI computing capacity. First-generation AI1 satellites are expected to launch in 2027, with SpaceX conducting early testing before large-scale deployment, though the compa

According to Beating monitoring, xLight, a chip manufacturing startup backed by the U.S. government, is in negotiations to raise $350 million. Boardman Bay Capital Management and Bain Capital are expected to lead the round. The U.S. government has invested $150 million in xLight through the Chips and Science Act and may be a major shareholder. Former Intel CEO Pat Gelsinger serves as xLight's executive chairman, with his venture firm Playground Global having invested in the company in 2025. xLig

The European Parliament's Committee on Economic and Monetary Affairs approved the digital euro package today (June 24), with 43 votes in favor and 14 against. The approval advances negotiations between the European Parliament and the EU Council, bringing the eurozone closer to its first central bank digital currency, with a planned 2029 launch targeting roughly 350 million residents. Under the approved draft, the digital euro would operate both online and offline, with privacy protections using

According to Trump and Pakistani diplomat statements, Iran has agreed to long-term nuclear inspections and to keep the Hormuz Strait open without implementing a maritime blockade, marking progress in U.S.-Iran negotiations overnight on June 24. The U.S. API crude oil inventory fell 765,000 barrels, below forecasts. Technical negotiations between the U.S. and Iran are set to resume on June 30. Geopolitical premiums have largely dissipated from oil prices.

According to QCP Group's latest macroeconomic report, the Iran-U.S. Memorandum of Understanding (MOU) has been formally signed, with Brent crude falling below $80 per barrel. Market focus is shifting from initial deal relief to execution risks, as the 60-day technical negotiation window opens, with attention turning to actual tanker flows through the Strait of Hormuz and Lebanese ceasefire compliance. Meanwhile, the Federal Reserve held interest rates steady at 3.50%-3.75% but signaled a commitm

According to Xinhua News Agency, Pakistani Prime Minister Shehbaz Sharif said on June 23 that Iran and the United States did not discuss ballistic missiles during their recent negotiations over a memorandum of understanding.

According to The Energy Mag, Hut 8 investors reached a $2.35 million settlement over alleged disclosure failures related to the company's all-stock merger with U.S. Bitcoin Corp. (USBTC), with the proposed agreement filed Monday in U.S. District Court for the Southern District of New York. The settlement covers investors who purchased or acquired Hut 8 securities between February 13, 2023, and January 18, 2024. The case centered on allegations that Hut 8 overstated merger benefits and failed to