Gate Insights and Crypto Market Analysis

The Senate Banking Committee approved the Digital Asset Market Clarity Act this week, advancing the legislation after it passed the House of Representatives. The bill establishes the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital commodities while the Securities

Citing data from Japanese bathroom-products giant TOTO, Bloomberg on June 2 estimated the group’s operating profit for this fiscal year will rise 32% to 27 billion yen, with profits from its semiconductor-related division already contributing more than 50%. TOTO Chief Technology Officer Ryosuke Hayashi confirmed that in the previous fiscal year, semiconductor-related capital expenditures accounted for only 11% of total capital expenditures, and in the future this share will exceed half. Over the

Strategy Inc. (MSTR) sold 32 Bitcoins at an average price of $77,135 during May 26 to 31, and the proceeds were used to pay STRC preferred stock dividends. Ledn CEO and co-founder Adam Reeds said the sale hit a core issue for each Bitcoin custodian company: “When you need cash, should you sell the asset you want to hold most, or use it as collateral to borrow against it.”

Alibaba Qianwen (Qwen) series released the Qwen3.7-Plus model this week. Input pricing is $0.40 per million tokens, output pricing is $1.60 per million tokens, for a total of $2.00. This is an 80% reduction compared with Qwen3.7-Max. Cached input pricing can be as low as $0.04 per million tokens. The target scenarios are high-frequency, repetitive tasks. Qwen3.7-Plus confirmed pricing: fee rates for each billing mode According to pricing information published by Alibaba official: Standard input:

S2F model inventor and Dutch anonymous quant analyst PlanB posted on X on June 1, saying he personally believes Bitcoin’s true bottom has not formed yet, and gave a judgment of more than 50% probability of downside. The two technical reference levels he listed are the 200-week moving average line and the realized price of the on-chain overall cost basis (Realized Price, currently about $53,000). PlanB June 1 Post: 50/50 Market Split, No Bottoming Traits Seen Yet In the post, PlanB said whether t

The drums for the 2026 NBA Finals are about to sound. The Western Conference champion San Antonio Spurs and the Eastern Conference champion New York Knicks will officially kick off their best-of-seven ultimate showdown at 8:30 a.m. Beijing time on June 4 at Frost Bank Center. This is the Spurs’ first trip back to the Finals in 12 years, and it’s also the Knicks’ first time reaching the Finals in 27 years. How the 64% and 37% distributions form Gate prediction market data shows that, in markets r

SpaceX plans to price its initial public offering at $135 per share, issuing approximately 556 million new shares to raise about $75 billion, according to sources cited by foreign media on June 2 local time. The rocket and AI company owned by Elon Musk targets a valuation of roughly $1.75 trillion t

Galaxy Research analyst Alex Thorn confirmed on X that a Bitcoin address dormant since March 27, 2011 transferred 35.55 BTC (about $2.54 million) on June 2 at block height 952104. The address had previously been listed as a defendant in a New York abandoned property lawsuit. Noah Doe Lawsuit Core Claims: A Legal Loophole in the “Below $10 Valuation” Strategy Key parameters of the case: Case number: 153119/2026, filed March 11, 2026 Target addresses: 39,069 dormant Bitcoin addresses Claimed holdi

According to monitoring by PeckShield, the collateralized stablecoin sUSDat, 100% supported by STRC (Strategy Digital Credit Assets), briefly fell to below $0.93 on June 3, before rebounding to $0.98. PeckShield noted that this volatility occurred after Strategy symbolically broke its “never sell” principle. Strategy Sold 32 BTC: Confirmed Average Price, Amount, and Proportion The BTC sale data confirmed by Strategy during the reporting period are as follows: Amount Sold: 32 BTC Average Price: a

CFTC Chair Michael Selig said on June 2 during an interview on CNBC’s “Squawk Box” that the CFTC’s enforcement action against the Gemini exchange earlier was part of the Biden administration’s “weaponization of federal agencies.” This is the first time the CFTC has commented publicly on this case since last week, when it filed a request with a New York federal judge to lift a January 2025 injunction. CFTC’s request to lift the January 2025 injunction: confirming the terms Last week, the CFTC ask

The Blockchain Association sent a letter on Tuesday to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer expressing strong support for the Clarity Act. The letter, signed by 160 former national security and law enforcement officials, urged the Senate to pass the

Microsoft unveiled its Majorana 2 quantum chip on Tuesday during its annual Build conference, announcing the device is 1,000 times more reliable than its predecessor. The chip achieves average qubit lifetimes of 20 seconds, with some lasting up to one minute, improvements the company attributes to

Strategy Inc. sold 32 BTC for $2.5 million during the May 26-May 31 period to fund preferred stock dividends, according to a June 1 SEC filing. The company sold the bitcoin at an average price of $77,135 while maintaining total holdings of 843,706 BTC. The sale highlights treasury management

Veteran economist Peter Schiff has renewed his bearish outlook on Bitcoin, warning that the leading cryptocurrency could fall to $20,000 or lower if it loses critical support levels. Schiff shared his latest forecast in February 2026, arguing that a drop below the $50,000 level could trigger a

Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and rising demand for reserve diversification. Key Takeaways: Gold reached 27% of official reserves, topping Treasuries at 22%. Valuation gains drove much of gold’s r

On June 2, OpenAI released six professional plug-ins for Codex, covering six roles: data analyst, creative production, sales, product designer, stock investor, and investment banker. In total, it integrates 62 popular business applications, covering 110 automation skills. According to an internal OpenAI report, non-engineer users account for 20% of Codex’s weekly active users, but their adoption rate is 3 times that of engineer users. Six Professional Plug-in Specs: Confirmed Roles, Integrated A

GameStop (GME) filing documents submitted to the U.S. SEC on June 2 show that net income in the first quarter of 2026 reached $389.6 million, setting the company’s highest quarterly profit record. Revenue grew 14% year over year to $835.3 million, with the main momentum coming from the collectibles business, which rose 65% year over year. On the same day, the board of directors approved a $2 billion stock repurchase plan. First-Quarter Financial Report Key Figures GameStop’s key metrics for the

According to a June 1 report by 404 Media, Meta has confirmed that hackers exploited a security vulnerability in its AI customer service chatbot to successfully take over multiple well-known Instagram accounts. Affected accounts include the official Instagram account from the Obama White House period of former U.S. President Obama, well-known cosmetics brand Sephora, and the official account of the U.S. Space Force’s Chief Master Sergeant. Complete Attack Chain: How the AI Customer Service Was B

OpenAI announced on May 27 that it has launched the Secure MCP Tunnel service, allowing ChatGPT, Codex, and the Responses API to directly connect to private MCP servers within an enterprise network. OpenAI’s official support enables enterprises to deploy a single MCP server setup, which can be accessed by both ChatGPT and Claude systems. Reverse-connection architecture: how tunnel-client builds a connection from inside the intranet The core component of Secure MCP Tunnel is tunnel-client, which