Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-07-01
13:22

Autheo Partners With HydrexFi, Integrating Layer-0 OS With DEX to Enable Cross-Chain DeFi

According to Autheo's official announcement on June 29, Autheo Network entered a strategic partnership with HydrexFi to expand cross-chain decentralized finance access. The collaboration integrates Autheo's layer-0 operating system with HydrexFi's decentralized exchange and liquidity infrastructure, enabling users to access multi-chain DeFi services through a unified platform. HydrexFi, operating on the Base blockchain, brings 100,000+ accounts, 450+ listed assets, $1.1 billion in trading volume
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13:22

RLUSD Trading Share on XRP Ledger Climbs to 12% in 18 Months, Data Shows No Threat to XRP

According to Evernorth, an XRP treasury company, on-chain analysis of the XRP Ledger reveals RLUSD is strengthening the network rather than displacing XRP. RLUSD's share of trading volume on the XRP Ledger has surged from less than 1% to approximately 12% in under 18 months. The RLUSD/XRP trading pair alone has generated nearly $900 million in volume over the past six months, creating a deep dollar-denominated market on-chain. More than 50% of RLUSD's total supply now resides on the XRP Ledger,
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13:21

Bloom Energy Surges 8% Wednesday After $25B Brookfield Financing Expansion, UBS Raises Target to $350

Bloom Energy (BE) stock climbed over 8% in Wednesday pre-market trading after expanding its financing partnership with Brookfield from $5 billion to $25 billion to accelerate its fuel cell rollout for AI infrastructure. According to Evercore ISI, the company's ability to provide reliable, dispatchable power differentiates it from competitors. UBS raised its price target to $350 with a 'Buy' rating, while Evercore ISI also set a $350 target and 'Outperform' rating. The stock is now about 7% below
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13:12

Winklevoss Twins Transfer $60M Bitcoin and $7M Ethereum to Gemini on July 1

According to Arkham Intelligence, on July 1 the Winklevoss twins transferred approximately $60 million in Bitcoin and $7 million in Ethereum to hot wallets linked to Gemini. The blockchain analytics firm noted the transfer pattern resembles typical selling setups where assets move from custody wallets to exchange-linked wallets. However, chain movements do not confirm all coins were sold; transfers may reflect custody changes, liquidity planning, or internal operations. The transfers occurred as
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13:10

Ethereum Institutional Launches as Nonprofit to Connect Financial Institutions to Ethereum

According to PANews, Ethereum Institutional, a nonprofit organization, launched on July 1 to serve as an institutional-grade gateway connecting global financial institutions with the Ethereum network. The organization aims to support institutional adoption of on-chain financial infrastructure, including tokenized assets, stablecoins, and blockchain-based market infrastructure. The initiative has secured funding from Bitmine, Sharplink, and Ethereum co-founder Joe Lubin.
13:08

Crypto Equity Derivatives Hit Record $11.6B Weekly Trading Volume in Second Week of June

According to The Block, equity derivatives trading on crypto exchanges reached a record weekly volume of $11.6 billion during the second week of June 2026, driven by Binance's expanded stock trading offerings following SpaceX's Nasdaq listing. Binance's stock and ETF services rapidly scaled to $1 billion in assets under management, with over 80% of trading volume sourced from emerging markets.
13:06

THENA Announces 2.0 Roadmap, Plans to Mint 32.61M THE Tokens on July 1

According to PANews, on July 1, THENA, a decentralized liquidity platform in the BNB ecosystem, announced its 2.0 roadmap with plans to mint approximately 32.61 million THE tokens (10% of the original maximum supply). The new tokens will be minted in two rounds of 5% each and deposited into a multi-signature treasury to support long-term ecosystem development and expansion. The execution of the roadmap requires approval through the governance mechanism (veTHE voting).
13:06

World Launches Cross-Chain Prediction Market on Solana with Phantom and Chainlink Integration

According to CoinDesk, World has launched a cross-chain prediction market on Solana today (July 1), available directly through Phantom wallet and world.xyz. The platform allows users to trade contracts linked to cryptocurrency prices, the 2026 FIFA World Cup, and other events using Solana-based wallets. World utilizes Phantom's CASH stablecoin for settlement and Chainlink's oracles for price feeds and settlement infrastructure, eliminating reliance on manual arbitration. The protocol operates as
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13:06

AvoDex Native Token AVO Launches Today, Opens at $1.5, Surges 100%

According to ChainCatcher, AvoDex's native token AVO launched today with spot trading now available. AVO opened at $1.5 and is currently up 100%. AvoDex stated the token launch marks a new development phase, with plans to expand products in on-chain trading, automated trading strategies, prediction markets, and community ecosystem building.
13:03

Circle Stock Falls 17% Amid Open USD Competition, Then Rebounds; Analysts Split Between $55 and $650 Targets

Circle Internet Group (CRCL) shares plummeted over 17% on Tuesday and rebounded in pre-market trading Wednesday after the launch of Open USD, a rival stablecoin backed by Visa, Mastercard, Coinbase, and other major payment firms, sparked concerns about Circle's distribution and revenue models. Wall Street remains deeply divided on the threat. Compass Point downgraded its price target to $55 from $97, citing Open USD's ties to major payment networks, while William Blair maintained an 'Outperform'
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