Gate Crypto Flash News and Market Updates

From 21:30 to 21:45 UTC on June 3, 2026, ETH recorded a short-term rally of +1.51% within 15 minutes. The price quickly probed the $1,800.57 to $1,839.91 USDT range, with a 2.18% amplitude. Against the backdrop of overall market pressure and ETH falling back more than 60% from its intra-year high, this move is typical of a technical rebound, with significantly increased market attention. The main driver of this move is technical oversold repair. The RSI indicator is in the 25–31 range, near the

According to Yonhap News on June 4, South Korea's ruling Democratic Party secured a decisive victory in local elections held on June 3. Based on preliminary vote counts, the party won control of most regional and municipal administration offices. Of the 16 provincial governor and metropolitan

According to the Federal Reserve Beige Book, prices are rising at a moderate to strong pace across most regions, with Middle East conflict-related energy costs emerging as the primary driver of inflationary pressure. The surge in energy costs is affecting shipping, packaging, food, and fertilizer s

According to Iranian media Fars News, Iran has outlined a four-stage plan for reaching agreement with the United States. The first stage focuses on ceasing military operations across all fronts involving Iran, the U.S., and resistance axis forces. The second stage covers implementation measures on f

According to Bitwise Europe, Bitcoin retraced to $72K in May after global Bitcoin ETPs recorded net outflows of $1.031 billion in the second half of the month. The cryptocurrency initially crossed $83,000 on U.S.-Iran de-escalation reports but faced rejection near the 200-day moving average. Bitwis

According to Charles Hoskinson, Cardano's ADA token fell to $0.20 on Wednesday, marking a more than five-year low, declining 6% in the last 24 hours and roughly 70% over the past year. Following the shutdown of analytics firm TapTools, Hoskinson warned that more ecosystem projects will likely

Delfin Midstream announced it has approved a final investment decision (FID) for the first floating liquefied natural gas (FLNG) vessel for its Delfin LNG project, which is being developed offshore Louisiana and in the Gulf of Mexico. The company stated that "Delfin FLNG 1" will be the first floatin

According to Axios, the U.S. House of Representatives passed a resolution limiting war powers against Iran on June 3 with a vote of 215-208. Four Republican lawmakers joined Democrats in supporting the

According to The Block, Hyperliquid's HYPE token overtook Solana's SOL in price on Wednesday, trading at $73.15 compared to SOL's $72.35, after HYPE reached an all-time high of $74.67 on Tuesday. The milestone comes as most major cryptocurrencies slid significantly over the past week. HYPE gained r

According to the U.S. Department of Agriculture on June 4, a possible case of New World screwworm has been detected in southern Texas, posing a potential threat to U.S. cattle herds at their lowest level in 75 years. A sample has been sent to a laboratory in Iowa for confirmation. If confirmed,

Tether launched a gold-backed Visa card on June 3 in partnership with digital banking firm Fasset, allowing users to spend their Tether Gold (XAUT) holdings at any Visa merchant worldwide. The card instantly converts XAUT to USDT stablecoin and then to fiat currency at point-of-sale. Cardholders

On Wednesday (June 3), COMEX gold futures fell 1.34% to $4,459.40 per ounce during New York's closing session, trading between $4,525.10 and $4,454. Spot gold declined 1.23% to $4,433.51 per ounce. COMEX silver futures fell 3.50% to $72.91 per ounce, while COMEX copper futures dropped 2.98% to $6.4

According to CNN, U.S. President Trump on Wednesday called Israeli Prime Minister Netanyahu a "great partner," following a tense phone call between the two leaders. "Netanyahu has been a fantastic partner for me. Maybe not so much for others, but very good for me," Trump

According to CoinDCX, Ethereum trades near $1,970 as of early June 2026, down over 60 percent from its August 2025 all-time high of $4,951. The upcoming Glamsterdam upgrade, expected in Q2 or Q3 of 2026, will introduce Verkle trees to enable stateless clients and push Layer 2 throughput

According to Citigroup analysis, U.S. spot Bitcoin ETFs recorded 11 consecutive days of net outflows through early June, the longest streak since these products launched, with total redemptions reaching approximately $3.8 billion

On Jun 3, US Treasury Secretary Scott Bessent stated that the Treasury Department was "proceeding with all deliberate speed" on Donald Trump's 2025 executive order to establish a strategic Bitcoin reserve and digital asset

SpaceX plans to raise $75 billion in its IPO by offering 555.6 million shares at $135 per share, valuing the company at approximately $1.75 trillion. The funding round would surpass the current global IPO

According to crypto researcher SMQKE, XRP posted roughly 65% annualized returns over the past two years, outperforming most large-cap cryptocurrencies despite significant volatility. The asset's price action featured steep drawdowns followed by forceful recoveries, creating what analysts describe as

South Korea's foreign exchange reserves totaled $426.99 billion in May, down from $427.88 billion in the previous month, according to official data. The month-on-month decline was $0.89 billion.