Cryptocurrency Markets and On-Chain Ecosystem Developments

According to JPMorgan on June 29, institutional investors show very limited appetite for perpetual futures, the most-traded product in crypto derivatives. The bank's assessment, based on conversations with clients and checks across its own trading desks, indicates the bulk of perpetual futures

GateNews·06-30 11:32

JPMorgan Says Institutional Investors Show Limited Appetite for Perpetual Futures

BingX Partners with Save the Children to Support Children at Risk in Western Balkans on June 30

BingX has partnered with Save the Children Hong Kong on June 30 to support children affected by migration, poverty and social exclusion in Serbia and Bosnia and Herzegovina. The initiative will provide humanitarian assistance to refugee and migrant children through cash vouchers and essential

GateNews·06-30 11:32

BingX Partners with Save the Children to Support Children at Risk in Western Balkans on June 30

MEXC's SpaceX Perpetual Futures Hit $7.13 Billion in Trading Volume Since June 12 IPO

Capital Flow

According to Gregory Pudovsky, MEXC's SPCXUSDT perpetual futures accumulated $7.13 billion in trading volume since its IPO on June 12, with open interest peaking at $25 million — a 26-fold increase from launch. The exchange's two-phase SPACEX(PRE) Launchpad attracted over 74,000 participants, with c

SPCX1.27%

GateNews·06-30 11:22

MEXC's SpaceX Perpetual Futures Hit $7.13 Billion in Trading Volume Since June 12 IPO

BlackRock Deposits $344M in Bitcoin and Ethereum to Coinbase Prime on June 30

Capital Flow

On-Chain Data

According to BlockBeats, BlackRock transferred 4,984.56 Bitcoin (approximately $295 million) and 30,725 Ethereum (approximately $48.58 million) to a Coinbase Prime address on June 30, according to monitoring data from lookonchain. The total value of the transfer was approximately $344 million.

BTC2.50%

ETH1.87%

GateNews·06-30 11:13

BlackRock Deposits $344M in Bitcoin and Ethereum to Coinbase Prime on June 30

UK FCA Issues Final Crypto Asset Rules to Take Effect October 25, 2027

Regulation & Policy

According to BlockBeats, on June 30, the UK Financial Conduct Authority released final crypto asset regulations following years of framework development. Trading platforms, custodians, stablecoin issuers, and staking service providers must obtain FCA authorization to operate in the UK. Companies

GateNews·06-30 11:09

UK FCA Issues Final Crypto Asset Rules to Take Effect October 25, 2027

Solana Company Signs MOU with Kazakhstan's Alatau City to Develop $6 Billion Crypto Hub on June 30

According to BlockBeats, on June 30, Solana Company, a Nasdaq-listed crypto asset manager, signed a memorandum of understanding with Alatau City in Kazakhstan to develop blockchain and crypto infrastructure. The partnership, which stems from roadshows in Shenzhen and Hong Kong in June that

SOL1.32%

GateNews·06-30 11:05

Solana Company Signs MOU with Kazakhstan's Alatau City to Develop $6 Billion Crypto Hub on June 30

BitGo Adds Qualified Custody for SEC-Registered Digital Security YLDS

BitGo expanded its institutional custody platform to support YLDS, the SEC-registered yield-bearing digital security issued by Figure Certificate Company. The digital asset infrastructure provider said YLDS can now be held through BitGo Bank & Trust, its federally chartered digital asset trust

FIGR6.96%

EthanBrooks·06-30 11:04

BitGo Adds Qualified Custody for SEC-Registered Digital Security YLDS

BitGo Expands Custody Support for YLDS, SEC-Registered Yield-Bearing Digital Security

BitGo announced it has expanded its institutional custody platform to support YLDS, an SEC-registered yield-bearing digital security issued by Figure Certificate Company. YLDS can now be held through BitGo Bank & Trust, a federally chartered digital asset trust bank regulated by the Office of the Co

GateNews·06-30 11:02

BitGo Expands Custody Support for YLDS, SEC-Registered Yield-Bearing Digital Security

New York Court Orders NanoBit Limited to Pay $5.5M in Fraud Settlement on June 16

Enforcement Actions

Security Incidents

According to Foresight News, on June 16, a New York federal court ordered NanoBit Limited and five defendants to pay a total of $5,518,902 in illegal gains, interest, and civil penalties. According to the SEC, the fraud scheme operated from September 2023 to June 2024, with participants

GateNews·06-30 10:41

New York Court Orders NanoBit Limited to Pay $5.5M in Fraud Settlement on June 16

ESMA Requires Binance EU Clients Served Through MiCA-Authorized Entity

Regulation & Policy

According to ESMA, EU crypto clients must be served through a MiCA-authorized entity, putting Binance's European servicing model under scrutiny as the bloc's Markets in Crypto Assets regulation deadline approaches. The directive raises questions about how the exchange will comply with the region's r

GateNews·06-30 10:37

ESMA Requires Binance EU Clients Served Through MiCA-Authorized Entity

Fidelity Details Five Catalysts to End Crypto Winter, Points to November 2026 as Potential Bitcoin Bottom

Price Prediction

Fidelity detailed five historical catalysts that have ended past crypto winters since 2011 in a new note to investors. Bitcoin's four-year halving cycle tops the list, with the last bottom occurring in November 2022 and a repeat potentially marking a bottom around November 2026, according to the

BTC2.50%

GateNews·06-30 10:32

Fidelity Details Five Catalysts to End Crypto Winter, Points to November 2026 as Potential Bitcoin Bottom

Bybit Launches MVLL and SQQQ Perpetual Contracts with Fee Discounts

Bybit today launched perpetual contracts for GraniteShares 2x Long MRVL Daily ETF (MVLLUSDT) and ProShares UltraPro Short QQQ (SQQQUSDT). For a limited time, traders can enjoy fee discounts: 0% for limit

SQQQ-3.61%

GateNews·06-30 10:31

Bybit Launches MVLL and SQQQ Perpetual Contracts with Fee Discounts

Bitcoin Falls 5.96%, ETH Drops 8.91% Weekly; AHR999 Hits Historic Low 0.287 as PCE Data Triggers Rally

Market Analysis

Price Volatility

According to Bybit, on the week of June 23-29, Bitcoin fell 5.96% (from $64,020 to a low of $58,112, closing at $60,206), while Ethereum dropped 8.91% (from $1,728 to $1,512, closing at $1,574). The AHR999 bottom-fishing indicator hit a historic low of 0.287, entering an extreme undervaluation

BTC2.50%

ETH1.87%

GateNews·06-30 10:22

Bitcoin Falls 5.96%, ETH Drops 8.91% Weekly; AHR999 Hits Historic Low 0.287 as PCE Data Triggers Rally

UK FCA Lowers Stablecoin Issuer Capital Buffer to 1%, Below EU MiCA Standard

Regulation & Policy

According to CoinDesk, the UK Financial Conduct Authority has released a draft crypto asset regulatory framework that would lower the capital buffer requirement for stablecoin issuers from 2% to 1%, below the comparable requirement under the EU's Markets in Crypto-Assets Regulation (MiCA). The FCA s

GateNews·06-30 10:16

UK FCA Lowers Stablecoin Issuer Capital Buffer to 1%, Below EU MiCA Standard

DOGE Nears Key Reversal Zone as TD Sequential Turns Bullish

Market Analysis

Price Prediction

Dogecoin holds above $0.073 as analysts watch for a potential bullish reversal. Rising open interest signals growing trader activity but also increases liquidation risk. Developer activity remains strong despite broader market weakness and recent DOGE price losses. Dogecoin — DOGE,

DOGE1.80%

BTC1.61%

CryptoNewsLand·06-30 10:16

DOGE Nears Key Reversal Zone as TD Sequential Turns Bullish

ZHIPU Surges 8.3% to $269.04 on June 30; Trader Covers Shorts at $252, Re-enters with 3x Leverage

Price Volatility

AI Tokens

According to BlockBeats citing Hyperinsight monitoring, Zhipu AI (ZHIPU) surged 8.3% in 24 hours on June 30 to $269.04 on Hyperliquid, rebounding after a cumulative decline of over 15% from recent highs amid broader strength in Hong Kong tech stocks and AI-related assets. A trader covered short

ZHIPU-3.80%

ZHIPU AI-11.81%

GateNews·06-30 10:13

ZHIPU Surges 8.3% to $269.04 on June 30; Trader Covers Shorts at $252, Re-enters with 3x Leverage

Binance Alpha Opens Second Round of COLLECT Token Airdrop Distribution on June 30

Token Events

According to BlockBeats, Binance Alpha opened the second round of COLLECT token airdrop distribution on June 30. Users holding at least 224 Alpha points can claim 800 COLLECT tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the point threshold will be

GateNews·06-30 10:09

Binance Alpha Opens Second Round of COLLECT Token Airdrop Distribution on June 30

KuCoin Contacts Affected Users Over Threatening Email Incident, Pledges to Cooperate With Law Enforcement

Security Incidents

Enforcement Actions

According to Foresight News, KuCoin responded to allegations that it sent legal threat emails to users whose funds were stolen, stating it has contacted the affected users through appropriate channels on June 30. The exchange advised the user to report the incident to relevant law enforcement

GateNews·06-30 10:02

KuCoin Contacts Affected Users Over Threatening Email Incident, Pledges to Cooperate With Law Enforcement

Bybit Launches 16 FIFA World Cup Knockout-Stage Goal-Difference Futures Contracts