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.
2026-06-04
01:35

ETH drops sharply in 15 minutes by 0.74%: ETF fund outflows continue, and selling pressure is triggered as technical support levels are tested

From 01:15 to 01:30 (UTC) on June 4, 2026, ETH/USDT fell 0.74% within 15 minutes. The price dropped from 1,787.76 USDT to 1,765.29 USDT, with a swing of 1.26%. This move occurred against the backdrop of ETH continuing its downtrend since May. In early June, overall market sentiment was weak and volatility rose significantly. The main driver of this move was net outflows of $401.62 million from the U.S. spot ETH ETFs in May, the third-largest monthly net outflow since the end of 2025. Continued i
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ETH4.73%
01:34

Whale Tagged 'Set 10 Major Goals' Down $15.3M on BTC Long at $67,777

According to on-chain analyst Ai姨, a whale with the tag 'Set 10 Major Goals' opened a BTC long position at $67,777 on June 4 and is currently down $15.3 million at maximum drawdown. The whale's position size remains uncertain; if holding 281.789 BTC ($19.09 million), the loss would be $1.418 million
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BTC2.72%
01:33

BTC plunges 0.66% in 15 minutes: MicroStrategy’s first sale of BTC, combined with institutional fund outflows, triggers selling pressure

From 01:15 to 01:30 (UTC) on June 4, 2026, BTC saw a sharp drop of 0.66% within 15 minutes, with a price range of 62,575.8 to 63,138.0 USDT and a volatility of 0.89%. Market volatility noticeably accelerated, and a technical pullback appeared in the short term. The main driver behind this move was MicroStrategy’s first sale of 32 BTC since December 2022, worth about $2.5 million. As the world’s largest corporate Bitcoin holder, Strategy broke its core narrative of “never selling,” triggering a c
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BTC2.72%
01:17

USD/CNY Rises to 6.8203 as China Adjusts Mid-Rate on June 4

On June 4, China's interbank foreign exchange market adjusted the yuan midpoint rates. The USD/CNY mid-rate climbed to 6.8203, up 19 pips, indicating CNY weakness. The EUR/CNY rate fell to 7.8920, down 70 pips. Among other major pairs, JPY/CNY declined 12 pips to 4.2540, while CNY/RUB rose 870 pips
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