Gate Crypto Flash News and Market Updates

According to Coinglass data via ChainCatcher, the crypto market saw $406 million in total liquidations in the past 24 hours, with long positions liquidated for $254 million and short positions for $152 million. Ethereum contributed the largest share, with long liquidations of $77.83 million and shor

According to Yahoo Finance, SpaceX will launch its initial public offering on June 12 at a $1.75 trillion valuation and raise $75 billion in funding, Elon Musk outlined during a JPMorgan Chase investor briefing on Thursday evening in Manhattan. Musk described the capital raise as necessary to fund a

According to Citigroup's chief U.S. economist Andrew Hollenhorst, the bank is maintaining its increasingly isolated forecast that the Federal Reserve will cut rates three times in 2026, despite strong employment data released on Friday, June 5. The U.S. Labor Department reported 172,000 non-farm

At the Bloomberg Technology Summit on June 5, Broadcom CEO Hock Tan disclosed that the company's custom chip for OpenAI would enter mass production by year-end, dismissing earlier reports of collaboration delays or the need for Microsoft approval. Hock Tan reiterated his focus on fundamentals

According to Bitcoin.com News, six U.S. senators on June 4 released a letter urging the Federal Reserve, FDIC, and Office of the Comptroller of the Currency to revisit digital asset capital standards. Senators Cynthia Lummis, Dan Sullivan, Bill Hagerty, Bernie Moreno, Ted Budd, and Jon Husted said t

According to BlockBeats citing analyst Serenity on June 7, glass substrate suppliers outlined their production timelines. SKC's Absolics subsidiary aims to begin mass production in the second half of 2026, partnering with Applied Materials, with AMD as the primary customer. Samsung

According to Lookonchain data, an Ethereum OG address that sold 60,000 ETH (valued at $117.25 million) approximately one week ago at around $2,040 per ETH is now repurchasing. Over the past two days, the address spent $55.8 million to acquire 35,723 ETH at an average price of $1,563 per

According to Jin10, on June 5, Fukuoka and Nagoya announced they are joining the competition for Japan's 'sub-capital' status, following Osaka Governor Yoshimura Yoichi's proposal. The concept designates a city to temporarily assume Tokyo's administrative and judicial functions in case of

According to ChainCatcher citing Shanghai Securities Report, South Korean investors have accumulated Chinese hard-tech A-shares over the past month, with Cambricon receiving net inflows of approximately $19.71 million as of May 27, based on SEIBro data. Other targeted stocks included Magnum

On Friday (June 5), Bitcoin broke below $60,000 for the first time since October 2024, erasing most gains accumulated following Trump's election victory. The selloff reflects deteriorating market sentiment across crypto assets, with XRP, Solana, and Dogecoin also declining sharply. Spot Bitcoin

According to The Chosun Daily, LG Uplus announced on June 5 that it is targeting 5 trillion won (US$3.25 billion) in AI data center orders by 2030 as it expands its Paju AI data center in Gyeonggi Province. The company said contracts

According to Guru Club, China's foreign exchange reserves reached 344.224 billion USD in May, exceeding the forecast of 341.1 billion USD and rising from the previous month's 341.055 billion USD.

According to BlockBeats, HYPE treasury company HyperionDeFi (HYPD) terminated its partnership with Felix, a lending protocol in the Hyperliquid ecosystem, on June 7. The company was ending a contract for a perpetual futures market and will remove 500,000 HYPE tokens from

According to China's central bank, the country's gold reserves reached 74.96 million ounces (approximately 2,331.52 tons) at the end of May, up 320,000 ounces (9.95 tons) from April's 74.64 million ounces. This marks the 19th consecutive month of gold accumulation by the central bank.

Longling Capital transferred 10,000 ETH to Binance today, valued at approximately $15.68 million based on current market prices.

ZODL has proposed introducing Ironwood, a new privacy pool designed to enhance Zcash security. The initiative is scheduled for activation by the end of July 2026.

According to Korean media reports, South Korea's five major crypto exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—experienced 57 hacking attacks and system failures from 2020 to April 2026, with total compensation reaching approximately 7 billion Korean won (about $5.1 million). Upbit

According to ChainCatcher, BitMEX co-founder Arthur Hayes has sold his entire WLD position and exited related holdings, citing unfavorable price direction. Hayes previously liquidated positions in HYPE, NEAR, and

According to Nikkei, Japan's government and Japan International Cooperation Agency will launch a survey of petroleum reserve systems across Southeast Asia starting this summer, with the Philippines identified as the region's top priority for strengthening energy supply chain resilience. The survey w

From 01:00 to 01:15 (UTC) on June 7, 2026, Bitcoin rose by +0.87% within 15 minutes. The price rebounded from 60,753.5 USDT to 61,400.7 USDT, with a range of 1.06%. This move occurred during the rebound-and-repair phase after Bitcoin saw a sharp pullback of more than 14% in early June. The market is currently in a long-versus-short standoff around a key support level, with sentiment showing marginal improvement. The main drivers behind this move were the combined effects of technical rebound dem