Gate Insights and Crypto Market Analysis

On June 23, the Securities and Futures Commission (SFC) of Hong Kong announced that it had added Aurum/Aurum Foundation (Aurum Foundation) to the list of suspicious virtual asset trading platforms. The SFC said the company claims it has registered in Hong Kong under Hong Kong’s Companies Ordinance and offers trading services for virtual assets, futures contracts, and derivative instruments on its website, but the company has not been licensed by the SFC and is suspected of conducting unlicensed

Japanese automaker component supplier Astemo announced in October last year a new electric motor for electric vehicles that eliminates the use of rare earth elements controlled by China. The development responds to China's strengthened export controls on critical minerals. MITSUBA began mass

Momenta officially published its Post Hearing Information Pack (PHIP) on June 23 on the Hong Kong Stock Exchange. After the Listing Committee reviewed and approved the application, the company has entered the final sprint of its IPO. Momenta’s core financial figures: from 2023 to 2025, revenue increased from RMB 743 million to RMB 2.413 billion, with a three-year compound annual growth rate (CAGR) of 80%. Hong Kong Stock IPO Progress: The Legal Significance of PHIP and the Sponsors According to

President Donald Trump issued an executive order on June 22 directing federal agencies to transition high-value assets and high-impact systems to post-quantum cryptography, with deadlines of Dec. 31, 2030, for key establishment protocols and Dec. 31, 2031, for digital signature systems. The order re

On June 19, the British newspaper The Guardian reported that after SpaceX completed its IPO with a valuation of $1.77 trillion, it was brought into mainstream index funds ahead of schedule due to changes in market rules, meaning millions of Americans indirectly hold SpaceX shares through passive investments in private retirement plans such as 401(k)s. The Guardian compiled feedback from more than 150 U.S. readers, and the vast majority strongly disapproved of this. Over 150 Readers Respond to Th

Japan's government under Prime Minister Sanae Takaichi announced a 370 trillion yen investment plan spanning 17 strategic industries including AI, semiconductors, shipbuilding, critical minerals, quantum computing, space, and energy infrastructure. The plan responds to supply chain vulnerabilities e

BlackRock’s Mitchnick said that the U.S. fiscal situation (debt and deficits) will be a key factor driving Bitcoin’s next wave, ahead of interest rate trends; he believes Bitcoin’s weakness stems from capital flowing into AI investments, and that the SpaceX IPO is only an example, not an official study.

Bank of America (BoA) is expected on June 22 to raise rates 3 times this year, for a total of 75 basis points (25 basis points each time), under the leadership of the newly appointed chair Kevin Warsh. Rates are expected to remain unchanged through 2027, with rate cuts not expected until 2028. This differs sharply from the bank’s view only a few days earlier, when its economists believed the Fed would hold steady. Aditya Bhave at Bank of America: Core PCE expected to rise 3.5% year over year, 75

According to Cryptopolitan, on June 23, Franklin Templeton completed its acquisition of crypto investment firm 250 Digital and launched its Franklin Crypto division, offering actively managed digital asset strategies for retirement funds, sovereign wealth funds, and large asset allocators, using BENJI tokens as a settlement tool for part of the acquisition of large financial institutions. Franklin Crypto Leadership Structure and 250 Digital Origins Franklin Crypto Core Management Team: Christoph

BlockTempo reported on June 23 that Meta launched its “Model Capability Initiative (MCI)” on employees’ computer systems in the United States, deploying program-side recording of mouse movements, click actions, and keyboard input to train AI models, but it included full prompt text and transcripts, private conversations, and personnel and performance data leaks. Meta announced it would pause the MCI program to conduct an investigation. Meta launched MCI in April to record mouse movements and key

On June 22, IBM announced that it had joined OpenAI’s Daybreak Cyber Partner Program and rolled out an AI-driven application security service. It uses OpenAI’s cutting-edge models to detect code vulnerabilities and help enterprises fix them before they cause problems. IBM’s consulting infrastructure is combined with OpenAI’s AI models. IBM Joins OpenAI Daybreak Cyber Partner Program, Service Covers Enterprises with Large Codebases According to an IBM official press release, the newly launched AI

On June 22 local time, SpaceX (SPCX) stock closed at $154.6, with a daily drop of 16.43%, and its market capitalization was wiped out by about $400 billion. This is the stock’s third consecutive day of decline. Since June 17, the cumulative drop has exceeded 23%, and cumulative market-cap erosion has been more than $600 billion. SPCX’s share price not only fell below the $160.95 IPO first-day closing price, but also pulled back more than 30% from the $225.64 all-time intraday high set on June 16

According to contract documents obtained by CNBC on June 22, SpaceX and open-source AI startup Reflection AI have signed a compute leasing agreement; starting in July, Reflection AI will pay SpaceX $150 million per month to access Nvidia GB300 chips, and if the contract is carried out through the end of 2029, the total amount will reach $6.3 billion. Key Contract Terms: Monthly Fee, Compute Resources, and Termination Mechanism According to the contract documents obtained by CNBC, the specific te

Alphabet’s stock price briefly fell by 7.2% during intraday trading on June 22, and ultimately closed down 5.08%, at $348.78. The catalyst for this round of sell-off was Google DeepMind vice president John Jumper’s announcement over the weekend that he would be leaving DeepMind to join Anthropic, with Jumper receiving the 2024 Nobel Prize in Chemistry. Alphabet closes down 5.08% at $348.78 According to market data, Alphabet’s intraday low decline on Monday reached 7.2%, the biggest single-day dr

Renaiss Protocol announced on X on June 18 that it has completed a $1.5 million seed round financing, with YZi Labs serving as the lead investor. Angel investors from Gate Ventures also participated in this round. Since its testnet launched in November 2025, Renaiss Protocol has exceeded $20 million in revenue within six months, with more than 260,000 users. Financing Participants: Lead, Co-investment Institutions, and Angel Investors List According to Renaiss Protocol’s official X announcement,

The Axelar bridge connection to Secret Network was suspended on June 19 after a $4.67 million exploit involving an infinite-mint vulnerability. The attacker used forged IBC packets to mint unbacked wrapped assets through a modified CW20-ICS20 contract that failed to verify the source channel of

Nakamoto Inc. (Nasdaq stock code: NAKA) announced that its medical clinics have ceased operations on June 19, and that other administrative work related to its traditional healthcare business is expected to be completed in the third quarter of 2026. The company has now fully transitioned into a business focused on Bitcoin operations. Its operations cover media and information services, asset management and financial services, as well as advisory services. Nakamoto Inc. Medical Clinics Cease Oper

Bitcoin's futures market experienced a 19.5% decline in Open Interest during June, falling from $26.0 billion to $20.89 billion according to data shared by Cryptoquant on June 22. The drop in futures exposure outpaced Bitcoin's 11.4% price decline from roughly $71,200 to $63,234 by June 21,

Visa released its FY2026 Q2 financial results (as of April 29) on June 22: net revenue of $11.2 billion, up 17% year over year; GAAP net profit of $6.0 billion; earnings per share of $3.14, with all three metrics exceeding market expectations. Visa’s stablecoin settlement pilot has an annualized run rate of $7 billion, and the pilot has expanded to 9 blockchain networks including Polygon and Base. Visa Q2 FY2026 Financial Data: Net Revenue, Net Profit, and EPS According to Visa’s financial resul

SpaceX (SPCX) shares fell 16.4% on June 22, closing at $154.6 per share and erasing over $400 billion in market capitalization in a single session. The decline stemmed from investor concerns over the company's plan to issue approximately $20 billion in investment-grade bonds, ongoing losses in its