Gate Crypto Flash News and Market Updates

According to the Financial Times, Federal Reserve Chair Kevin Warsh stated earlier this month that the Fed would prioritize price stability while signaling reduced forward guidance on future policy actions. This approach contrasts with his predecessors' more communicative stance. Market reaction has been notable: the dollar strengthened, gold and bitcoin prices fell, and the two-year to 10-year Treasury yield curve flattened—indicating investors expect less aggressive Fed rate cuts than previous

According to state broadcaster CCTV, Chinese Premier Li Qiang convened a State Council meeting on June 29 to hear briefings on artificial intelligence development. The meeting emphasized grasping AI evolution trends, advancing innovation in key technologies and large-scale computing infrastructure, implementing the "AI Plus" initiative to accelerate commercialization, and establishing a dynamic, tiered safety supervision system while strengthening international AI governance cooperation.

According to the Ministry of Commerce, China and South Korea held the 15th round of negotiations on the second phase of their bilateral free trade agreement in Beijing from June 22 to 26. The two sides conducted in-depth discussions on cross-border service trade, financial services, and market access issues under the negative list approach, achieving positive progress. Both countries agreed to complete the second phase of negotiations at an early date and further enhance the level of openness in

According to BlockBeats, Binance Wallet launched a limited-time promotion on June 29 offering a 4x trading volume multiplier for Alpha points when trading eligible bStocks (tokenized stocks). The promotion is designed to accelerate Alpha point accumulation for users participating in the activity.

According to CoinGlass data cited by ChainCatcher, gold (XAUT) is currently trading at $4,042.66, down 0.68% in the last 24 hours. Gate's XAUT holdings exceed $114 million, ranking third among all platforms in global contract positions for the asset.

According to Goldman Sachs strategists, S&P 500 constituents are expected to deliver 22% earnings growth in the second quarter, driven significantly by artificial intelligence infrastructure investments. AI infrastructure-related stocks are projected to contribute nearly 60% of the index's earnings growth, with Micron Technology and Nvidia alone accounting for more than 40% of that contribution.

According to BlockBeats, on June 29, the U.S. District Court for the Northern District of California received a class action lawsuit against Samsung Electronics, SK Hynix, and Micron Technology, filed by consumers and small businesses. The plaintiffs allege the three companies violated antitrust laws by coordinating to restrict DRAM supply and artificially inflate prices. According to the complaint, commercial DRAM prices increased approximately 700% over the past four years as a result of the a

UK 10-year gilt yields dropped to an intraday low of 4.727% on June 29, down 1 basis point during the session. The move came as potential prime ministerial successor Burnham made public remarks, with markets responding to developments in UK political leadership expectations.

According to SoSoValue data, Bitcoin is set for its worst monthly performance since June 2022, with prices down nearly 19% as investors withdrew a record $1.7 billion from U.S. spot Bitcoin ETFs last week. It was the seventh consecutive week of net outflows from the funds since their January 2024 launch. Michael Saylor signaled on Sunday that Strategy (MSTR) would continue buying Bitcoin despite mounting pressure on its financing model. The company's market-to-net-asset-value ratio fell below 1

According to the U.S. Department of Commerce, xLight, a semiconductor startup founded in 2021 and backed by former Intel CEO Pat Gelsinger as executive chairman, received $150 million in equity investment in June 2026. The company is currently in talks to raise an additional $350 million, bringing total fundraising to approximately $550 million. xLight is developing free-electron laser (FEL) technology to challenge ASML's monopoly in extreme ultraviolet (EUV) lithography light sources, with plan

According to the Bank for International Settlements, on June 29, the BIS classified stablecoins as resembling exchange-traded funds more than genuine money in its Annual Economic Report 2026. The report notes that stablecoins trade at prices deviating from their pegged value and carry redemption frictions similar to ETF shares. The global stablecoin market reached approximately $320 billion by end of May 2026, with over 99% pegged to the U.S. dollar and dominated by Tether's USDT and Circle's US

According to Foresight News, ANSEM on Solana fell to $0.0878 in the past 4 hours, with its market cap declining to approximately $87.7 million, down 17.7% from earlier levels after retreating from a previous high of $129.99 million. Chain analysis platform Bubblemaps reported that the token's second-largest holding cluster is actively selling, having offloaded $500,000 over the past 48 hours and continuing to sell every 30 to 45 minutes, currently holding approximately $1 million worth of tokens

On Jun 29, Vitalik Buterin said indistinguishability obfuscation could eventually support private, collusion-resistant onchain voting without trusted committees. He noted, however, that the technology remains impractical at present.

According to MiCA licensing data, 244 companies have received authorization across EU and EEA jurisdictions as of June 29, 2026. Germany leads the race, followed by France and the Netherlands, ahead of the July 1 regulatory cliff.

According to Onchain Lens, on June 29, BlackRock deposited 7,432 BTC (approximately $446.38 million) and 8,150 ETH (approximately $12.89 million) to Coinbase.

GBP/USD rose 10 pips during the speech by Kier Starmer's potential successor, trading at 1.3219.

Polygon processed $79.25 billion in stablecoin transaction volume in May 2026, leading all blockchain networks with 198 million U.S. dollar-pegged transactions during the month. The network's competitive advantages include minimal transaction costs of approximately $0.002 per transfer and settlement times of about two seconds, making it increasingly attractive for payment applications. Developer activity declined sharply across major blockchains during the same period, according to Santiment dat

On June 29, South Korea unveiled a sweeping AI chip investment strategy centered on $576 billion in new semiconductor capacity, with Samsung Electronics and SK Hynix each planning to build two new fabrication sites in the country's southwestern region. President Lee Jae Myung cast the initiative as a "great leap forward" anchored on semiconductors, physical AI, and data centers, aiming to secure global dominance and ease infrastructure bottlenecks beyond Seoul. Samsung and SK Hynix will invest 8

According to the Prosecutor General's Office, Ukraine transferred more than $8.3 million in USDT to a crypto wallet controlled by ARMA, the country's asset-recovery agency, marking the first time seized crypto assets have been placed under state management. The stablecoin was seized from an alleged member of an international hacking group accused of ransomware attacks on victims in Europe and the U.S., with estimated damages exceeding $100 million. Four suspects, including the alleged organizer,

According to Jin10, on June 29, President Trump stated his approval rating reached a historic high, surpassing levels on November 5 election day, while asserting that Iran will never possess nuclear weapons.