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.
Today
13:21

Iran Blocks Strait of Hormuz on June 1, Other Fronts May Activate

According to Iran's Tasnim News Agency, on June 1, Iran and the Axis of Resistance decided to completely block the Strait of Hormuz. Other military fronts, including the Strait of Mandeb, may be activated as part of the response. Iran stated it will not engage in negotiations until Israel ceases mil
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13:19

ETH drops sharply within 15 minutes by 0.69%: $2,000 technical breakdown triggers leveraged liquidations

From 13:00 to 13:15 UTC on June 1, 2026, ETH saw a sharp drop of 0.69% within 15 minutes. Its price fell from 1,990.05 USDT to 1,972.16 USDT, with a swing of 0.90%. The market is in an oversold state after losing the key $2,000 support, with volatility noticeably increasing. The main driver behind this abnormal move is deleveraging clearance in the derivatives market. ETH contract open interest hit a historical high in May, with a notional value of about 16 million ETH at $3.18 billion. High-lev
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ETH-1.08%
13:19

BTC drops 0.52% in 15 minutes: options expiration pressure and institutional fund outflows converge, triggering a short-term sell-off

Between 13:00 and 13:15 UTC on June 1, 2026, the BTC price sharply dropped 0.52% within 15 minutes. The price ranged from 71,725.4 to 72,232.6 USDT, with a volatility of 0.70%. Market fluctuations intensified, and traders are watching the combined effect of month-end options settlement and institutional fund flows. The main driver behind this move is options expiry pressure. In early June, large multi-billion-dollar options contracts expired. Technical resistance near the upper band triggered au
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BTC-3.93%