Gate Crypto Flash News and Market Updates

According to IATA Director General Willie Walsh, on June 7, surging aviation fuel prices are expected to prompt additional airline closures and industry consolidation in the coming period. Walsh noted that regulatory barriers make a merger between United Airlines and American Airlines unlikely. He a

According to Financial Times, on June 7, OpenAI and other companies submitted an AI equity proposal to the U.S. government to create a sovereign wealth fund-like entity that would allow the public to share in artificial intelligence

According to The Economic Times, India raised the price of 14.2-kilogram domestic liquified petroleum gas (LPG) cylinders by 29 rupees per cylinder on June 7.

According to Guru Club, the cryptocurrency market experienced broad-based declines on June 7 morning. Bitcoin fell 0.48% to $60,757, Ethereum dropped 1.29%, and Cardano declined 0.04%. CoinGlass data shows that over 130,000 positions were liquidated in the past 24 hours, with total liquidation

According to CoinDesk, JPMorgan Chase, Bank of America, and Citigroup are among major U.S. lenders planning a shared tokenized deposit network through The Clearing House for the first half of 2027. The network would enable deposits to move on blockchain infrastructure with 24/7 settlement. Unlike st

According to The Economic Times, on June 6, Union Commerce Minister Piyush Goyal inaugurated an AI training and placement center with Apna, an Indian jobs platform, at the Atal Bihari Vajpayee Skill Development Centre in North Mumbai. The facility will use AI to assess job seekers' skill gaps,

According to BofA Securities' latest report released in Q2 2026, Amazon has now deployed over 300 Project Kuiper satellites in orbit, with the brokerage reiterating a "Buy" rating and $310 price target on Amazon stock. The bank expects satellite launch frequency to accelerate further

According to Barron's, on Friday (June 5), Broadcom (AVGO) fell 7.9% to close at $385.73, extending its decline after a 13% plunge on Thursday. The stock's market value evaporated $286 billion in a single day Thursday, marking the fourth-largest single-day market cap loss in U.S. corporate

On June 5, Russian President Vladimir Putin rejected Ukrainian President Volodymyr Zelensky's offer for direct talks, stating there is currently no need to meet. Putin made the remarks at the St. Petersburg International Economic Forum, criticizing Zelensky's public letter as containing offensive la

According to CCTV, Israeli military conducted airstrikes across Gaza on June 6, killing at least 7 Palestinians and injuring 15+ others. On the evening of June 6, an Israeli airstrike struck a tent settlement for displaced people in western Gaza City, killing 6 and wounding at least 15, mostly

According to court filings, New York Supreme Court Judge Kathy J. King issued a stay on June 5, 2026, halting default judgment proceedings in the Noah Doe case (Index No. 153119/2026) targeting 39,069 dormant bitcoin wallets worth approximately $293 billion. Attorney Ian R. Cohen's amicus brief, fil

According to Citic Securities, on June 6, North American cloud service providers' capital expenditure in the first quarter of 2026 rose 70.25% year-over-year, with full-year guidance expected to reach $710 billion. The research firm forecasts that a large language model company with annual

According to Guru Club on June 7, as tanker transit agreements through the Strait of Hormuz remain unresolved, global crude inventories have fallen to critical lows, prompting analysts to warn of potential oil price shocks in coming

According to S&P Dow Jones Indices, Marvell Technology jumped 6% after-hours on June 5 following the official announcement of its addition to the S&P 500 index. The company will officially join the benchmark on June 22 at the open, replacing Pool Corporation and Campbell Soup Company. Flex,

According to onchain data, a wallet linked to Ethereum co-founder Joseph Lubin moved 80,001 ETH worth $121.6 million on June 6, ending a dormancy period of nearly three years. The wallet still holds 243,300 ETH, valued at approximately $370 million, with the transferred amount representing roughly o

According to a U.S. official cited by CNN, Iran launched multiple unmanned aircraft toward the Strait of Hormuz on June 6, with U.S. forces downing at least three of them.

According to Jin10, Vice President Han Zheng met with Russian President Putin in Saint Petersburg on June 5, 2026.

According to former U.S. Ambassador to Lebanon Henry Ensher, Hezbollah can be transformed into a non-armed political entity acceptable to the United States, Israel, and Lebanon, as of June 7. Ensher also disclosed that President Trump previously stated the U.S. has engaged with Hezbollah to

According to Bitcoin.com News and onchain trackers, Bhutan's government moved 738 BTC worth approximately $44.88 million on June 6. The transfer, managed through Druk Holding and Investments (DHI), continues the country's 2026 drawdown that has significantly reduced state holdings from their 2024

According to Jin10, crude oil futures fell yesterday (June 5). Nymex WTI July contracts declined 2.50 USD to 90.54 USD per barrel, down 2.69 percent. Brent August contracts fell 1.94 USD to 93.09 USD per barrel, down 2.04 percent.