Gate Crypto Flash News and Market Updates

Recently, HTX Genesis Hackathon announced SlowMist, a blockchain security firm, as its official security partner. SlowMist will provide participating teams with on-chain security audits and technical consultation during the event, helping developers build more secure and reliable AI and Web3 applications.

According to BlockBeats, on June 24, U.S. leveraged exchange-traded funds reached a record $198 billion in total assets under management, representing a 55% increase in the same period. The three-times leveraged Nasdaq-100 ETF TQQQ has grown to approximately $40 billion in assets, while the three-times leveraged semiconductor ETF SOXL hit a new high of $34 billion. Since April, SOXL has grown more than threefold and TQQQ has nearly doubled.

According to Masayoshi Son, chairman of SoftBank Group, the company is signing a memorandum of understanding with a client for a data center development project in Ohio on June 24. SoftBank Energy is advancing the initiative, with a single facility set to provide electricity equivalent to ten nuclear power plants. Son stated the project will "build the world's largest data center."

StarkWare introduced 'Private KYC' today to help address personal data breaches. According to the official statement, identity verification currently requests entire documents when only specific facts are needed.

According to Korean Economic Daily, SK Hynix plans to submit an American Depositary Receipt (ADR) filing to South Korea's Financial Services Commission in the coming weeks, targeting a listing on the New York Stock Exchange as early as next month. Industry estimates project the chipmaker could raise up to 40 trillion Korean won (approximately $26 billion) through the ADR issuance, which would match Alibaba's 2014 New York IPO and mark the largest-ever U.S. capital raise by a South Korean company

This week, the U.S. Senate passed the "21st Century ROAD to Housing Act" by an overwhelming 85-5 margin, marking the largest housing reform in over 30 years. The bill now moves to the House for final approval before submission to President Trump for signature. Senator Elizabeth Warren called it one of the most significant housing bills since 1990, designed to address decades of affordability crisis. A key provision restricts large institutional investors—those holding over 350 single-family home

According to Goldman Sachs trading desk, on June 24, U.S. tech stocks experienced a significant selloff amid South Korea's market turmoil, with Nasdaq 100 falling 3.29% and S&P 500 declining 1.44%. The selloff was primarily driven by Korea's KOSPI index falling approximately 10% overnight, triggering a sharp risk-off sentiment. Foreign investors sold over $2.5 billion in Korean stocks, with SK Hynix recording its highest-ever daily trading volume of approximately $26 billion and closing down 24%

According to SoftBank Chairman Masayoshi Son at the company shareholder meeting on June 24, Arm will evolve from a chip designer to a chip manufacturer and participate directly in production. Son stated that Arm has "more than 10x growth potential ahead" and predicted that "the AI era will be centered on CPUs."

According to SoftBank chairman Masayoshi Son at the shareholder meeting on June 24, the company has begun mass production of robots for physical AI applications at a manufacturing facility and plans to formally launch the product soon. Son stated that SoftBank aims to become the "overwhelmingly number one robot company in the world" by acquiring leading robotics enterprises across verticals. The group plans to complete the acquisition of Swiss industrial giant ABB's robotics division in 2026.

According to the Japan Petroleum Association (PAJ), as of June 20, Japan's commercial crude oil inventory rose to 9,757,338 kiloliters from 9,723,583 kiloliters the previous week, an increase of 33,755 kiloliters. The refinery operable capacity utilization rate declined to 80.3% from 81.9%, while the design capacity utilization rate remained at 70.5%.

According to The Hill, U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick clashed today (June 24) over preparations for a Ukraine rare earth minerals transaction. Bessent accused Lutnick of proposing a "shitty deal" and called him an "idiot," while Lutnick claimed Bessent had undermined the agreement. The dispute stems from a 2025 U.S.-Ukraine accord granting the U.S. priority purchase rights over extracted minerals, with a joint 50-50 investment fund to manage the arran

According to CryptoQuant analyst Darkfost, as of June 24, Bitcoin short-term holders (STH) have posted an average unrealized loss of 14.4% over eight consecutive months with a cost basis of $74,800. The cost basis has declined from $95,700, indicating that some short-term holders accumulated positions during the price decline, lowering the average entry point.

According to blockchain analyst ai9684xtpa, F2Pool co-founder Wang Chun has accumulated over $50.7 million worth of Bitcoin and Ethereum over the past week since June 18. Since that date, his address has withdrawn a cumulative 12,282.9 ETH and 475.87 WBTC from Binance, with average purchase prices of $1,696.41 per ETH and $62,788 per WBTC. On June 24, he withdrew an additional 50.5 WBTC valued at approximately $3.17 million.

According to Guru Club, on June 24, lithium carbonate futures surged over 2% intraday, reaching 159,720 yuan per ton.

According to Guru Club, WTI crude oil futures fell 1% to $72.92 per barrel on June 24, while Brent crude declined 1% to $75.86 per barrel.

According to RootData, Audiera (BEAT) will unlock approximately 21.25 million tokens worth about $48.24 million on July 1 at 9 AM Beijing time.

According to RootData, ZetaChain (ZETA) will unlock 44.43 million tokens worth approximately $1.66 million on July 1 at 00:00 UTC+8.

According to Binance's official announcement, stock trading will be unavailable from 6:50 to 11 p.m. UTC+8 on June 27 due to a planned system upgrade by its brokerage partner. Users are strongly advised to cancel all open stock orders before the maintenance window; any remaining open orders at 6:50 p.m. UTC+8 will be automatically canceled. The service will resume automatically once the upgrade is complete.

South Korea's Seoul Composite Index tumbled over 1% intraday on June 24, reversing an earlier surge of more than 4%. The volatile swing reflected sharp swings in the equity benchmark during the trading session.

According to RootData, EigenCloud (EIGEN) will unlock approximately 38.35 million tokens worth around $9.51 million on July 1 at 5:00 AM Beijing time.