Gate Crypto Flash News and Market Updates

California Governor Gavin Newsom warned today that anyone assisting former President Trump to interfere in California's election or vote counting will face criminal prosecution.

According to the TSA, U.S. authorities have seized over 600 drones near FIFA World Cup venues since June 12. The operations were conducted by multiple U.S. agencies in coordination with TSA oversight.

According to Nansen analysis, as of end of June 2026, 988,905 wallets that purchased the Official Trump (TRUMP) meme coin recorded losses, representing roughly two out of every three buyers. Their combined losses totaled $3.81 billion. The finding was first published by the New York Times. At the time of writing, TRUMP traded at $1.76, down nearly 97% from its peak price of $75.35. The analysis was enabled by blockchain's transparent nature, allowing Nansen to trace individual wallet transaction

According to the UN Development Programme, on July 6, the organization moved its Stellar blockchain payment initiative beyond the pilot stage following successful trials across five countries. The pilots demonstrated reduced costs, improved system resilience, and will now inform broader deployment across UN humanitarian and development programs.

On Monday (July 6), the Federal Reserve's overnight reverse repurchase (RRP) agreement usage reached $2.719 billion with 13 counterparties, up from $2.175 billion in the previous trading day.

According to the ISM, the U.S. services sector purchasing managers' index reached 54.0 in June, matching market expectations but marking a 0.5-point decline from May's 54.5. The reading indicates continued expansion, with the services sector maintaining growth for 24 consecutive months. Meanwhile, the S&P Global services PMI came in at 51.2 for June, slightly below the consensus forecast of 51.4. The U.S. economy expanded at an annualized rate of only 1.2% during the second quarter, suggesting m

Stainless steel futures jumped 2.34% in overnight trading on July 6. Other base metals showed mixed performance: international copper edged up 0.04%, Shanghai copper rose 0.01%, aluminum increased 0.28%, zinc climbed 0.84%, nickel gained 0.41%, and tin added 0.35%. Lead slipped 0.06%, while alumina fell 0.15% and aluminum alloy rose 0.24%.

According to the UK Financial Conduct Authority (FCA), a review released on Monday found that over one-quarter of British consumers trust ChatGPT, Claude, and Gemini for financial advice. However, FCA Executive Director Sheldon Mills emphasized that most consumers are unaware these AI tools are not covered by the protections that apply to regulated financial services. The review also flagged potential systemic risks from enterprise over-reliance on a small number of technology providers.

According to a post on Ethereum Research this past weekend, Vitalik Buterin outlined a technical proposal to radically shrink Ethereum's consensus layer using zero-knowledge proofs, part of a broader "Lean Ethereum" initiative aimed at making the network more efficient and secure. The "Extremely Lean Chain" proposal centers on redesigning the Beacon Chain through two phases. Phase 1 removes most validator data from the chain and replaces per-epoch balance updates with daily ZK-STARK proofs submi

On July 6, LME metals posted mixed results. Copper rose 37 USD to 13,404 USD/ton, while tin surged 436 USD to 53,064 USD/ton. Aluminum gained 25 USD to 3,116 USD/ton, and zinc added 50 USD to 3,591 USD/ton. Lead fell 12 USD to 1,880 USD/ton, nickel declined 2 USD to 16,422 USD/ton, and cobalt closed flat at 56,290 USD/ton.

According to Jerusalem Post, on Monday, President Trump stated that U.S.-Iran negotiations are nearing agreement, but if they fail, the United States will "get the job done." Trump claimed the U.S. has the capability to destroy all of Iran's power grids, power plants, and bridges within less than an afternoon, but prefers to resolve the issue through negotiations to avoid affecting Iran's 91 million population. Trump reiterated that Iran must never possess nuclear weapons and the U.S. will obtai

According to security researcher Thereallo, Anthropic used hidden tracking code in Claude Code to secretly monitor Chinese users last week, before removing it after exposure. The code employed "prompt steganography" to flag users' timezone, proxy settings, and potential connections to Chinese AI labs suspected of distillation attacks, without detection. Anthropric engineer Thariq Shihipar confirmed the tracker was added in March as an "experiment" to prevent account abuse from unauthorized resel

According to the Ukrainian Armed Forces General Staff, early on July 6, Ukrainian forces struck two Russian oil refineries—the Yaroslavl refinery in Yaroslavl Oblast and the Novatesk-Ust-Luga refinery in Leningrad Oblast—triggering explosions at both facilities. The Ukrainian unmanned systems commander Robert Blavudin reported on the same day that Ukrainian drone forces hit 47 military targets in Russian rear areas, including two Russian shadow fleet tankers transporting fuel to Crimea in the Se

According to Russia's Defense Ministry statement on July 6, Ukrainian forces launched a large-scale drone attack with 625 unmanned aircraft on Russian territory from the evening of July 5 to July 6, targeting civilian fuel and energy infrastructure in Leningrad, Bryansk, Belgorod, and Yaroslavl regions. Russia intercepted 613 of the drones and responded on July 6 with major airstrikes on Ukraine, focusing on military-industrial facilities, fuel and energy infrastructure near Kyiv. Meanwhile, Sal

According to Syria's official news agency, French President Emmanuel Macron arrived in Syria today, marking the first visit by an EU head of state since Assad's regime fell.

According to official statements, Strategy sold 3,588 BTC on July 5 for approximately $216 million to fund quarterly dividends on preferred shares, reducing its bitcoin holdings to 843,775 BTC. Meanwhile, Bitmine announced it acquired 42,197 ETH during the past week, bringing total holdings to 5,742,237 ETH (4.8% of ethereum's circulating supply) and total crypto and cash assets to $11.1 billion. Bitmine Chairman Tom Lee stated the company is staking approximately 4,879,157 ETH, valued at $8.8 b

According to the governor of Yaroslavl Oblast, Russian forces repelled the largest Ukrainian attack on the region's oil refinery on Monday.

According to Visa blockchain data, USDC accounted for approximately 70% of adjusted stablecoin trading volume in the first half of 2026, widening its lead over Tether's USDT at 25%. In June alone, adjusted stablecoin trading volume hit a record $1.79 trillion, up 63% from May and 125% year-over-year. Visa's adjusted figures exclude bot activity, platform transfers, and other blockchain transactions that do not reflect genuine economic activity.

Germany's 10-year government bond yield rose 1.3 basis points to 2.948% during European market close on Monday, July 6, trading between 2.916% and 2.949% after opening lower and fluctuating higher throughout the session. France's 10-year yield increased 1.0 basis point to 3.735%, while Italy's rose 1.1 basis points to 3.718%. Spain's 10-year yield gained 0.8 basis points to 3.429%, and Greece's climbed 0.7 basis points to 3.625%.

According to CryptoQuant, Bitcoin is currently trading around $62,700 after recovering from last week's lows below $58,000, as ETF inflows improved market sentiment. The analysis firm stated that BTC requires more than $1 trillion in new capital to support its next major surge, citing declining capital efficiency across bull cycles. Historical data showed that $2.8 billion in inflows during 2011 resulted in a 55,000% price increase, while $69 billion in 2015 led to a 10,000% gain; the current cy