Gate Insights and Crypto Market Analysis

On June 11, on-chain analyst Yujin disclosed that as the VELVET token rose from $0.09 to $0.9, the project-related addresses transferred 22 million VELVET to crypto exchanges over the past three days; over the past month, market maker DWF Labs transferred 6.68 million VELVET, for a total of 28.68 million VELVET (about $25.8 million). Transfer Data Breakdown: On-Chain Records from Two Sources Based on the on-chain data disclosed by Yujin, the transfer details for the two categories of entities ar

Super Micro Computer (SMCI) announced on June 10 that it plans to raise about $7 billion through equity and equity-related financing, including $5 billion via common stock and preferred stock issuance and $2 billion through a market offering. The stock closed down by $29.27 on the day. Management confirmed that the proceeds will be used to purchase components to fulfill its AI server orders of about $39 billion for fiscal year 2027. $7 billion financing structure: a detailed split of two instrum

On June 11, U.S. President Trump publicly said “I like inflation” in the Oval Office at the White House, and called the May U.S. Consumer Price Index (CPI) data “great.” The Federal Reserve confirmed that the current chairman, Kevin Warsh, will chair its first Federal Open Market Committee (FOMC) policy meeting after taking office on June 17, with a press conference held the same day. May Inflation Data: CPI Up 4.2% YoY, Core CPI Up 2.9% YoY Based on data from the U.S. Bureau of Labor Statistics

Super Micro Computer Inc.'s stock rose 1.3% in overnight trading after dropping 28% on Wednesday, marking its worst single-day decline in nearly three months. The plunge was triggered by the company's announcement of a $7 billion equity offering, which raised investor concerns over share dilution.

U.S. AI stocks saw another selloff on June 10, dragging down all three major U.S. stock indexes: the S&P 500 fell 119.66 points to close at 7,266.99 points, marking its first consecutive decline in three weeks and retreating to early-May levels; the Dow Jones Industrial Average plunged 953.33 points to close at 49,918.78 points; and the Nasdaq led the drop, falling 509.32 points to close at 25,169.50 points. Wall Street Tech Stock Selloff Data Nvidia: Down 3.7%, the biggest drag on the S&P 500;

Bloomberg ETF analyst Eric Balchunas revealed on June 11 on X that the investment research firm Hedgeye has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a “hedged Bitcoin ETF” code-named $HBIT . According to the post, HBIT’s design strategy is to invest in Bitcoin ETFs, and then manage downside risk and generate returns through trading call options. Hedgeye HBIT ETF Application Information (Source: Eric Balchunas post) Based on Balchunas’s X post and Se

On June 11, Arc, a blockchain finance protocol, published an article titled “Built for Funds That Will Never Flow in Public Places” on its official website. The article previews future selective onboarding of on-chain privacy solutions, and also releases a privacy white paper roadmap. In its statement, Arc said, “Sensitive financial operating workflows should not become public market data.” Its privacy design follows the “no anonymous privacy” principle, providing governed visibility to authoriz

Tesla, Inc. stock fell 4% on Wednesday to $381.59 as investor Gary Black said retail traders may be selling Tesla shares to fund purchases of SpaceX ahead of its initial public offering. Black, managing director of The Future Fund,

Coinbase CEO Brian Armstrong announced on X on June 11 that Coinbase has been approved to offer global cryptocurrency perpetual contracts to users in the United States. In the same post, Armstrong estimated that about half of the global trading volume in perpetual futures comes from U.S. users using offshore platforms via VPN, and called it an “open secret in the industry.” Coinbase Gets Approved for Perpetuals: Armstrong Confirms Its U.S. Market Position According to what Armstrong confirmed in

Ripple joined Mastercard's Agent Pay for Machines initiative announced on June 10, positioning XRPL and RLUSD as infrastructure for AI-driven autonomous transactions. Mastercard stated it is working with more than 30 partners to support autonomous transactions requiring speed, controls,

Strategy disclosed a $181 million share sale and $101 million Bitcoin purchase this week, prompting CEO Michael Saylor to defend the transactions against dilution accusations. The company filed an 8-K with securities regulators on June 8 revealing the sale of over 1.4 million MSTR shares, then

Bitcoin (BTC) sees a slight rebound in the short term, temporarily around $62,180 as of June 11. Raydium said it has disabled an AMM program that was attacked, and the full loss of $1.34 million will be covered by the treasury. BitMine Chairman Tom Lee said that Ethereum (ETH) supply is contracting, and BitMine may not need to hold more than 5% of the supply. Macro Events & Crypto Hotspots 1、According to a report by The Block, Solana ecosystem decentralized exchange Raydium said a vulnerability

Bithumb, a South Korean digital asset exchange, launched AI TradeKit on the 11th, a service enabling users to trade cryptocurrencies through natural language conversations with generative AI models including Claude, ChatGPT, and Gemini. The platform was designed to simplify trading by allowing users

A Canadian man, Trenton Johnston, pleaded guilty on June 10 in the U.S. District Court for the Southern District of Florida in Miami to a charge of money laundering conspiracy. He admitted that over more than two years, he systematically stole cryptocurrency by posing as a Google employee and a representative of the crypto security company Trezor. On March 13 alone, a single case involving a victim in California resulted in losses of about 185 bitcoins (about $13.04 million). Trenton Johnston’s

According to a June 10 report by ThinkMarkets, SpaceX's (SPCX) institutional investor subscription orders closed on June 9, and Reuters confirmed that the total order amount had reached about $150 billion, roughly double the targeted funding size of $75 billion. Bloomberg reported that some institutional investors placed single orders of $10 billion or more. SpaceX priced at a fixed offering price of $135 per share. SpaceX IPO pricing structure and listing timeline Offering structure (confirmed

Bitcoin fell below $62,000 on June 11 (Thursday), with an intraday low of $61,524. The U.S. Central Command (CENTCOM) issued a statement on X on Wednesday, confirming that, based on President Trump’s order, the U.S. military began a new round of “self-defense strikes” against multiple targets within Iran at 5:15 p.m. Eastern Time, for the second consecutive day of direct military action following Tuesday’s airstrike against Iranian radar and air defense systems. CENTCOM Confirms Action Details:

BlackRock submitted an amended filing to the U.S. Securities and Exchange Commission on the 9th (local time) for its Bitcoin Premium Income ETF under the ticker BITA (iShares Bitcoin Premium Income ETF). The world's largest asset manager structured the product to combine bitcoin price exposure

Grayscale Investments published a June 9 research report stating that bitcoin now trades below its long-term valuation average following a recent drop below $60,000 to a new cycle low. Head of Research Zach Pandl wrote that a composite onchain valuation indicator suggests BTC is undervalued

Korean KOSPI and Japanese Nikkei 225 indices fell sharply during the June 11 morning session, with KOSPI dropping over 4% and Nikkei 225 declining over 2.6% as of publication time. The sell-off followed Iran's announcement that the Strait of Hormuz is closed to all ships effective June 11, with