Gate Crypto Flash News and Market Updates

Overnight SHIBOR fell 4.7 basis points to 1.4080% on June 24, according to Shanghai Interbank Offered Rate data. The 7-day rate rose 5.1 basis points to 1.5480%, while the 3-month SHIBOR increased 0.5 basis points to 1.4360%.

According to Odaily citing SoSoValue data, on June 24, the broader crypto market declined, with Bitcoin falling 1.52% below $63,000 and Ethereum dropping 2.74% below $1,700. The SocialFi sector fell 5.21% and the AI sector retreated 5.07% over the same period. In contrast, the NFT sector surged 8.62%, with Audiera (BEAT) rallying 40.86%.

According to Cointelegraph, on June 24, Polkadot OpenGov proposed two new staking proposals (proposals #1909 and #1910) to strengthen validator incentives, remove the nominator slashing mechanism, and reduce the unbonding period from approximately 28 days to 2 days.

According to Sonic Labs' official announcement on June 24, Fantom Opera will not shut down at month-end but will continue operating at least through year-end, with its cross-chain bridge receiving regular funding support during the period. The company appointed Matt Visser as chief executive officer and Kosta Kourkoumelis as chief operating officer.

According to BlockBeats, Adrian Boafo won Maryland's 5th District Democratic primary on June 23, defeating 24 candidates and securing the seat of retiring Rep. Steny Hoyer. The Protect Progress super PAC, aligned with the crypto industry, contributed $5.5 million to support Boafo's campaign, while a separate super PAC associated with AIPAC invested approximately $5.7 million, bringing total outside spending to $11 million.

According to Goldman Sachs, the bank maintains its gasoline profit forecasts for the fourth quarter of 2026 at $23 per barrel for the United States and $13 per barrel for Europe.

The Commodity Futures Trading Commission sued Kentucky on June 24 in its ongoing regulatory dispute over prediction markets, marking the ninth state to face such litigation from the federal regulator.

According to Kim Yong-bum, director of the Presidential Office Policy Bureau, Samsung Electronics and SK Hynix's new semiconductor cluster plan has entered the final discussion stage. SK Hynix's fourth Icheon (龙仁) fab completion has been accelerated from 2044 to 2034, a decade ahead of the original schedule, driven by surging AI chip demand.

According to financial reports, Baonu International Holdings recently submitted a listing application to the Hong Kong Stock Exchange, marking its third IPO attempt. The hotpot chain reported FY2025 revenue of 2.846 billion yuan with net profit of 206 million yuan, up 23.4% and 67% year-on-year respectively. As of the latest reportable date, the company operates 200 wholly-owned restaurants across 14 provinces, supported by 5 central kitchens and 1 sauce processing facility. The company maintain

According to BlockBeats and GMGN monitoring, MAME (Mame Inu), a Meme coin on the BSC chain, broke through $10 million market cap this morning (June 24), marking a new high. The token is currently trading at approximately $9.6 million with a 24-hour gain of 38% and trading volume of around $770,000.

According to Jin10, on June 24, Trump criticized a Senate vote on war powers, stating it sent a message of weakness to Iran and complicated his negotiating position. Trump claimed he had forced Iran into a difficult position and was preparing for maximum pressure, with Iran "willing to give us almost everything" and showing unprecedented respect for the U.S. presidency. He alleged that four Republican senators joined Democrats in the vote, effectively providing "aid and comfort" to "the world's

According to Stocktwits, Cerebras Systems (CBRS) stock tumbled 11% in overnight trading on Tuesday following its first quarterly report since its May IPO. While Q1 revenue rose 94% to $193.4 million, beating analyst estimates of $181.2 million, the adjusted loss of $0.22 per share exceeded the expected $0.16 per-share loss. The chipmaker revealed that its supply agreement with OpenAI, announced in January, is valued at $20 billion for 750MW of ultra-low-latency AI compute capacity. However, anal

According to South Korea's central bank in its H1 2026 financial stability report, cryptocurrency market shocks may spill over to traditional stock and foreign exchange markets as crypto's correlation with conventional markets strengthens. The report notes that direct impact on domestic financial markets remains limited, as South Korea has not approved spot or futures crypto ETFs and corporate participation is restricted. However, the central bank warns that if institutional and corporate involv

According to Jin10, spot gold fell 50 dollars intraday on June 24, trading at 4,058.78 per ounce, down 1.24%.

According to market maker Wintermute, the Federal Reserve's policy shift this week created a tighter liquidity environment for crypto assets. The Fed raised its 2026 median rate outlook to 3.8% from 3.4%, with nine of 18 policymakers now expecting at least one hike this year and markets pricing December rate hike odds at approximately 77%, up from roughly 24% a month earlier. Wintermute warned that tighter monetary policy could slow inflows through three key channels: exchange-traded funds, stab

According to Foresight News, stablecoin protocol Cap Labs announced its CAP token will go live on June 26 with a total supply of 10 billion. Initial circulation accounts for 15.6%, comprising 5% allocated to ICO, 10% to ecosystem, and 0.6% to market makers. Private investors, the project team, and Echo community sale participants will begin unlocking tokens 12 months after TGE, with 25% released at the one-year mark, followed by linear vesting over 3 years. The token allocation distributes 47.45

According to Foresight News reporting on the European Securities and Markets Authority's (ESMA) public statement, the regulator is calling on unauthorized crypto asset service providers (CASPs) to take measures for an orderly wind-down of their EU operations by July 1, 2026, when the MiCA transition period ends. ESMA urged such providers to stop accepting new EU customers and cease offering services including the sale or transfer of crypto assets.

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) traded at an average price of 157,000 yuan per ton this morning, unchanged from yesterday's 4:30 p.m. closing level.

According to Hyperinsight monitoring data, two on-chain whales opened $8.3 million in short positions for Micron Technology (MU) futures on Hyperliquid overnight on June 24, with entry prices averaging $1,071. The positions are currently showing minor losses, with liquidation levels set at $1,470. The two addresses collectively hold $55.5 million in various U.S. stock short positions, with one address belonging to prominent trader CBB. MU futures trading volume on Hyperliquid reached $459 millio

According to Jin10, Shanghai gold spot trading closed at 890.07 yuan per gram during the morning session on Wednesday, June 24, trading 1.34 yuan per gram above the international gold price of 888.73 yuan per gram.