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.
2026-06-05
06:37

China's Interbank Funding Sentiment Index Stands at 52 on June 5

According to Jin10 Futures, on June 5 at 14:30, China's interbank funding sentiment index (CNEX) stood at 52, unchanged from 10:15. By institution type, the index for large banks reported 50, mid-size banks 53, and non-bank institutions 51, all holding steady. The index operates on a 0-100 scale,
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06:37

Switch Eyes $50B Valuation in Funding Talks with Brookfield, KKR

According to Reuters, US data center firm Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, with Brookfield Asset Management, KKR, and other institutional investors considering participation. The deal could position the company for an initial public offering as
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06:35

BTC drops sharply within 15 minutes by 0.64%: ETF fund outflows continue and support levels break in tandem, triggering short-term sell pressure

From 06:15 to 06:30 UTC on June 5, 2026, BTC plunged 0.64% within 15 minutes, falling from 62,263.6 USDT to 61,145.7 USDT, with a 1.80% range. The move occurred during the transition period between the Asia market about to open and the close of the Europe/US market, when liquidity is relatively thin, causing sell pressure to be significantly amplified. The main driver of this volatility is sustained, large-scale outflows from spot ETF funds. Data shows that in the first week of June 2026, Bitcoi
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BTC3.37%
06:33

ETH plunges 1.61% in 15 minutes: sell pressure from a three-week downtrend combined with leveraged liquidations triggers a cascade

From 06:15 to 06:30 (UTC) on June 5, 2026, ETH plunged by 1.61% within 15 minutes. The price fell from 1676.99 USDT to 1624.79 USDT, with a range of 3.12%. Previously, ETH had been in a downtrend for three straight weeks, with a cumulative drop of over 20%. The market had built up a large number of trapped long positions, and vulnerability increased significantly. The main driving force behind this abnormal move was a cascade effect: concentrated sell pressure released on top of the downtrend, c
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ETH5.88%
BTC3.37%