Gate Crypto Flash News and Market Updates

According to BlockBeats, OKX launched a MON trading competition on June 29 with a total prize pool of 25,000,000 MON. The competition runs until July 9, 2026 at 18:00 (UTC+8). New users can earn 260 MON by completing tasks, while both new and existing users can share the MON prize pool by trading MON or BTC spot, with a maximum reward of 210,000 MON per person.

According to CNBC, SpaceX raised $25 billion through a senior unsecured notes offering on June 22, with the company receiving nearly $90 billion worth of investor orders. The proceeds will be used to repay outstanding bridge loan borrowings and cover related fees and expenses. The bond sale, coming less than two weeks after SpaceX's June 12 IPO, sparked investor concerns. SpaceX stock fell more than 13% the week following the debt issuance despite strong post-IPO momentum. Market analysts noted

According to Smart Times, Jiangxi Biology (06915) will list on Hong Kong stock exchange on June 30 (Tuesday). As of market close on June 29, the gray market price traded at HK$10.81 per share via Livermoore Securities, down 3.48% from the initial public offering price of HK$11.2. For a standard lot of 500 shares, the loss per hand comes to HK$195 before fees.

According to Goldman Sachs, this week's U.S. stock market decline reflects structural adjustment driven by mega-cap technology stocks rather than a broad market top. As of Friday, the S&P 500 is down roughly 1.5% this week, with the "Magnificent Seven" losing 3%-8% each. However, market breadth is improving: eight of eleven sectors rose, and broad-based equal-weight S&P 500 is outperforming the cap-weighted index. Supporting factors include oil prices down 10% for the week, 10-year Treasury yiel

According to Zhitong Fintech, Lifeng Harmonic (3952) will list on the Hong Kong Stock Exchange on June 30. As of market close on June 29, the grey market trading price on Livermore Securities was HK$92.15 per share, up 7.78% from the IPO price of HK$85.50, representing a gain of HK$665 per lot (100 shares), before commissions.

According to ZhiTong Finance, Sturgeon Dragon Technology (06715) will list on the Hong Kong Stock Exchange on June 30. As of market close, gray market trading on Livermore Securities showed the stock quoted at HK$104.5, up 38.41% from the IPO price of HK$75.5. Per lot of 100 shares, investors can gain HK$2,900 before transaction fees.

According to Hyperinsight on-chain monitoring, three whale addresses simultaneously built long positions in Micron Technology (MU) on Hyperliquid on June 29, suspected to be coordinated accounts of the same trading entity based on matching position structures, trading pace, and capital sources. The three addresses (0xf8a, 0xd5c, 0xf2d) collectively hold 9,027 MU contracts with an average entry price around $1,156 and an aggregate nominal position size of approximately $10.3 million. As of writin

According to Bloomberg, on June 29, Google introduced SandboxAQ's large quantitative models (LQMs) through its cloud marketplace, expanding access for research institutions and enterprises. These models combine Google's Gemini large language model with AI systems trained on scientific equations and laboratory data, enabling researchers to solve complex problems in chemistry, biology, and physics across drug development, materials science, and semiconductor manufacturing.

According to Iranian officials, Iran's Foreign Minister Abbas Araghchi said on June 28 during a visit to Iraq that Middle Eastern countries must not allow their territories or facilities to be used for attacks against Iran. The statement comes as Iran has repeatedly condemned the U.S. for using regional nations' territories to conduct operations against Tehran.

According to a senior U.S. official, the United States and Iran have agreed to halt military strikes against each other and meet in Doha, Qatar this week to resolve their dispute over the Strait of Hormuz. The talks are scheduled to convene on Tuesday and represent the latest attempt to de-escalate tensions that have persisted throughout 2026.

According to Bloomberg, Singapore's International Commercial Court ruled on June 29 that Terraform Labs and its founder Do Kwon must pay over $3 million in compensation to 40 claimants linked to the TerraUSD (UST) collapse. The court found the defendants liable for fraudulent misrepresentation. This ruling marks the second batch of judgments in the phase-two proceedings, which involve a total of 275 investors. Compensation amounts were calculated based on each claimant's UST holdings and duratio

Verizon Communications and BT Group announced a 50:50 joint venture combining their international enterprise operations, with Verizon paying BT an equalization payment of $625 million and both companies retaining equal voting rights. The new business will serve over 3,000 multinational customers across more than 180 countries and is expected to generate approximately $4 billion in annual revenue. Martijn Blanken has been appointed CEO-designate of the venture, set to join BT on September 1 to pr

According to QCP's latest report, the U.S. and Iran experienced renewed military friction over the weekend (June 28-29), with both sides accusing each other of breaching a 60-day ceasefire agreement following their recent memorandum of understanding. Crude oil prices remained near $70 per barrel, suggesting the market retains cautious expectations over conflict resolution, though supply disruptions could push prices higher.

According to Hyperinsight, four whales established 1,000 MU long positions on Hyperliquid today (June 29), while one major trader opened a short position. The large transactions suggest mixed market sentiment on the Micron Technology futures contract.

Large U.S. retirement funds will trigger approximately $30 billion in passive selling on June 29 and June 30 as they rebalance portfolios for the first half of 2026, according to Wall Street estimates. The forced liquidation stems from mandatory 60% stock and 40% fixed-income allocation frameworks. Since the S&P 500 and Nasdaq have surged over 7% and 8% respectively in the first half, equity positions have grown overweight, requiring mechanical rebalancing. Nvidia, Microsoft, and Broadcom are ex

According to MSX data, Solidion Technology shares surged 26.5% in pre-market trading on June 29, following the battery technology company's announcement to purchase SpaceX stock as strategic reserves.

According to Coinglass data, Binance experienced net outflows of 54.04 million USDT over the past hour.

According to Axios on Saturday (June 27), the U.S. government has nearly agreed to lift restrictions on Anthropic's Fable 5 AI model. The Trump administration could remove limitations as soon as next week, with negotiations expected to continue through the weekend, according to sources familiar with the discussions. Anthropic suspended access to Fable 5 and Mythos 5 after the government issued export controls on June 12.

According to French Health Minister Stéphanie Ristelle on June 28, France's government is procuring 30,000 air conditioners for hospitals to tackle an incoming heatwave, with delivery expected within coming days. Ristelle noted that not all hospital wards in France are equipped with cooling or air conditioning systems. While some hospitals have been rebuilt or renovated since a record heatwave in 2003, others have yet to complete upgrades.

According to Jin10, Intercontinental Exchange (ICE), the parent company of NYSE, plans to launch new futures contracts linked to monetary policy decisions from the Federal Reserve, European Central Bank, and Bank of England, as well as U.S. natural gas inventory levels. Company executives revealed the contracts will allow investors to trade or hedge against policy meetings of the three major central banks and weekly natural gas storage data released by the U.S. Energy Information Administration.