Gate Crypto Flash News and Market Updates

According to The Block, on June 3, the crypto industry established Defend Developers PAC, a political action committee focused on advancing legal protections for blockchain software developers. The organization was founded by executives and policy officials from DeFi Education Fund, Solana Policy

According to Evernorth, Société Générale's digital asset subsidiary SG-FORGE has expanded its euro-backed stablecoin EURCV across multiple public blockchains, including the XRP Ledger, Ethereum, Stellar, and Solana. The multi-chain deployment reflects growing institutional demand for regulated digital liquidity and the XRP Ledger's suitability for institutional payment and settlement use cases, given its low transaction costs and fast settlement capabilities.

Israeli Prime Minister Benjamin Netanyahu stated that Israel has eliminated approximately 20 Iranian nuclear scientists, according to his public remarks. The statement marks a rare public acknowledgment of such operations targeting Iran's nuclear program

According to Aave's June 1 post-mortem, the protocol restored full liquidity to its lending pools following a $300 million cross-chain exploit that threatened its cash reserves. An attacker had exploited a third-party bridge operated by Kelp and Layerzero in mid-April, minting 116,500 counterfeit

U.S. Treasury Secretary Bessent stated recently that the country faces spending and growth challenges. Bessent forecasted that the deficit-to-GDP ratio could fall below 4% by the time President Trump's term ends, according to his public

According to EIA data, U.S. crude oil production demand implied value rose to 21.243 million barrels per day for the week ended May 29, compared to 19.402 million barrels per day in the previous week, representing an increase of

According to the EIA, distillate fuel production fell to 5.0864 million barrels per day for the week ended May 29, down from 5.51 million bbl/d in the prior week.

According to ChainCatcher, edgeX's EDGE token plunged from $1.12 to approximately $0.32 in roughly 1 hour due to concentrated selling during a low-liquidity period, compounded by high-leverage long liquidations and coordinated CEX activity. The platform confirmed its team addresses remained

According to CNBC, Israeli Prime Minister Benjamin Netanyahu stated that Israel is prepared for full escalation amid rising Middle East tensions. The statement underscores escalating regional volatility, though specific operational details were not

U.S. heating oil inventories fell to 255,000 barrels in the week ending May 29, according to the Energy Information Administration (EIA), down from 306,000 barrels in the previous week.

U.S. crude oil imports declined by 249,000 barrels for the week ending May 29, according to EIA data, compared to a previous reading of 360,000 barrels.

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil production rose to 98,000 barrels per day for the week ended May 29, up from 76,000 barrels per day in the prior week.

According to EIA data, U.S. crude oil refinery inventories rose to 1.502 million barrels for the week ended May 29, compared to a forecast decline of 319,000 barrels and a previous week decline of 2.107 million barrels.

According to EIA data, U.S. refinery equipment utilization rate came in at 94.7% for the week ending May 29, slightly below the expected 94.8% and up from the prior week's 94.5%.

According to the U.S. Energy Information Administration (EIA), gasoline production declined by 515,000 barrels per day for the week ended May 29, compared to 600,000 barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), the Strategic Petroleum Reserve declined by 7.993 million barrels in the week ending May 29, compared to a decline of 9.063 million barrels in the prior week.

According to the EIA, U.S. petroleum product imports rose to 626,000 barrels per day in the week ended May 29, rebounding from negative 128,000 barrels per day in the prior week.

According to U.S. Treasury Secretary Besent, on June 3, the U.S. government cancels 129 rules for every new rule added.

According to the U.S. Energy Information Administration (EIA), reformulated gasoline inventories fell by 70,000 barrels in the week ended May 29, shifting from zero change in the prior week.

U.S. gasoline inventories increased by 3.364 million barrels in the week of May 29, according to EIA data, surpassing expectations of a 2 million barrel decline and reversing the prior week's 2.572 million barrel