Gate Insights and Crypto Market Analysis

Coinfomania confirmed on June 1 that Pi Network is still in the Enclosed Mainnet stage. The blockchain is live, wallets exist, and tokens have been distributed to users who passed KYC verification, but transfers to exchanges and external wallets remain restricted. As of mid-2026, the cumulative number of KYC-verified users exceeds 18 million. Pi Network Confirms Mainnet Migration Status and Technical Metrics The core team confirmed that the KYC verification rate reached about 500,000 per month b

Wyoming Republican Senator Cynthia Lummis issued a series of statements from May 24 to 30, warning that if the Clarity Act is not passed by this Congress, the next legislative window may not come until 2030. She said that failing to act would expose software developers to legal risks of prosecution, and that consumers would not be able to secure ownership of their assets if exchanges go bankrupt. Lummis’s Direct Quotes In public remarks, Lummis said: “After this Congress, the next window for dig

Ripple’s senior executive and Managing Director for the Middle East and Africa, Reece Merrick, confirmed on X on May 31 that Turkey is leading the adoption of cryptocurrencies in the Middle East and North Africa (MENA) region and ranks among the top worldwide. In the past year, the volume of cryptocurrency transactions in Turkey was about $200 billion, roughly 4 times that of the United Arab Emirates, at about $53 billion. Turkey Data and Driving Factors Confirmed by Chainalysis Chainalysis conf

On May 31, the U.S. Bureau of Industry and Security (BIS) issued new guidance requiring export licenses when selling advanced AI chips to overseas buyers whose ultimate parent company is located in China. Affected products include Nvidia’s Rubin and Blackwell series and AMD’s MI350x accelerators. The guidance is intended to clarify enforcement details rather than impose a blanket ban; products already shipped remain in the custody of the customers. Confirmed Technical Requirements in BIS’s New G

Bank of Korea Governor Shin Hyun-song and European Central Bank Executive Board member Isabel Schnabel held a policy dialogue on June 1 at the BOK annex in Namdaemun-ro, Jung-gu, Seoul, addressing blockchain-based tokenization and non-dollar stablecoins. The discussion occurred during the 2026 BOK C

According to The Street on May 31, Berkshire Hathaway fully exited its holdings of Mastercard shares it had owned for about 15 years in Q1 2026, selling about 3.99 million shares at an average price of $525.64 per share. The trade price range was $484.24 to $580.34. Berkshire Hathaway’s Confirmed Complete Mastercard Holding History Based on data from StockCircle.com, Berkshire’s relationship with Mastercard began in Q1 2011, when it first bought 216,000 shares. After that, it actively built its

The State Council of China released the “Regulations of the State Council on Foreign Investments” on June 1, effective July 1. The provisions apply to enterprises within China, other organizations, and individual residents. The regulations clearly state that the state supports investors in carrying out foreign investments based on market-oriented principles. Investors enjoy autonomy in decision-making, bear risks independently, and have the autonomy of foreign investment with profits and losses

Hyperinsight monitoring data confirms that Micron Technology (MU) rose 4.1% in the overnight session on June 1, breaking through the $1,000 mark for the first time. On the Hyperliquid platform, MU-mapped contract daily trading volume reached $41.1 million. On-chain data also confirms that a trader opened an MU long position with 10x leverage 39 days ago; as of the time of publication, it is up by $1.9 million. Micron confirms AI memory fundamentals and UBS target of $1,625 In late May 2026, Micr

On June 1, the Seoul Economic Daily, citing data from SEIBro under Korea Securities Depository (KSD), reported that Korean retail investors known as “Crazy Ants” net sold US stocks totaling $939.77 million in May. The top two net buyers were Micron Technology ($585.43 million) and Intel ($496.51 million). Top four net buy-ins in May confirmed by SEIBro and SOXL’s daily data SEIBro data confirms that Micron Technology ranked first in May by net buy amount of $585.43 million. However, as of May 27

The 2026 NBA Finals matchup has been officially set. In Game 7 of the Western Conference Finals, the San Antonio Spurs defeated the defending champion Oklahoma City Thunder 111:103 on the road to advance to the Finals with a series score of 4:3. The Spurs will face the Eastern Conference champion New York Knicks in the Finals, with Game 1 scheduled for 8:30 a.m. Beijing time on June 4 in San Antonio. After the Finals matchup was announced, crypto prediction platf

The DOJ’s record bitcoin forfeiture case has renewed scrutiny of global scam compounds tied to crypto fraud, trafficking, and organized crime. Authorities sought forfeiture of 127,271 BTC, worth about $15 billion. Key Takeaways: Authorities sought forfeiture of 127,271 BTC in a case

Rain protocol's native token RAIN surged 86.7% over one week to $0.014, up from $0.0075, following the Rain Foundation's announcement of a $100 million liquidity injection plan on May 26. The foundation disclosed plans to deploy $50 million in USDT and $50 million in RAIN tokens. On-chain analyst

The official WeChat public account of Tianya Community confirmed that starting from June 1, the tianya.net domain will be officially put into use, with community data access restored in steps. The Tianya Ke WeChat public account announced on May 30 the simultaneous launch of the “Tianya Restarters Digital Badge.” The badge is minted on the domestic compliant alliance blockchain “Ant Chain,” and features identity verification, honor display, and commemoration functions. The total supply of the ba

The S&P 500 hit 11 record closing highs in May, accounting for about half of all trading days in the month. Since the start of the year, it is up about 11%. Goldman Sachs and Morgan Stanley have recently raised their annual targets. Federated Hermes’ global equities deputy chief investment officer Steve Chiavarone said: “We don’t think we’re in a bubble. Based on historical data, long-term bull markets typically last 20 years.” Confirmed Market Data Gains in AI-related stocks were especially sig

Anodos Finance co-founder and CEO Panos Mekras confirmed on X on May 31 that Anodos Finance has used XRP as a corporate treasury reserve since 2023, including buying XRP, holding it, and paying team compensation with it. He described XRP as a “guiding light (North Star).” Cross-chain liquidity data confirmed by Mekras: Solana purchases are more price-advantageous than XRPL In an X post, Mekras confirmed that one of the reasons Anodos Finance uses XRP is its liquidity depth across a multi-chain e

Samsung Electronics' market capitalization surpassed Bitcoin's total market cap on May 1st, according to data from Companies Market Cap. Samsung's market cap reached approximately $1.479 trillion (about 2,242 trillion won), exceeding Bitcoin's total market cap of approximately $1.473 trillion (about

European Central Bank (ECB) Executive Board member Isabel Schnabel said on June 1 at a meeting of the Bank of Korea in Seoul that stablecoins pose multiple risks to financial stability and monetary policy, and the ECB’s best response is to ensure a public currency anchor. Schnabel noted that while private-currency innovations such as stablecoins may bring “significant benefits,” they could increase the risk of bank runs in the financial system and weaken the transmission effect of interest-rate

HyperTracker shows that Phantom Wallet has accumulated revenue of $20,630,022 in the Hyperliquid developer program, accounting for 31.8% of the total revenue of the top ten, and it dominates the HyperCore perpetual contract exchange. Among the top ten, there are cases such as MetaMask, PVP, Insilico, Axiom, Mass, and Dreamcash. Dreamcash reaches $1,695,465 without charging fees; Phantom’s rate is 0.05%, while Based is 0.025%, explaining the difference in unit revenue.

Gate News bot message, Gate market data shows ETH breaking above 2000 USDT; current price is 2000.66 USDT.

Tempo, a Layer 1 blockchain jointly developed by Stripe and Paradigm, submitted the TIP-1061 native multisig account proposal on May 31. It plans to introduce multisig as the primary account type at the protocol layer, enabling multisig control without deploying smart contract wallets such as Safe. TIP-1061 mainly targets use cases such as DAOs, institutions, and validator nodes, and is still in draft stage. Confirmed technical specifications The core design of TIP-1061 includes the following co