Gate Insights and Crypto Market Analysis

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

Bitcoin (BTC) rebounds are still weak; as of June 23, it is temporarily around $64,190. The U.S. Senate passed a housing bill that includes a four-year Federal Reserve central bank digital currency (CBDC) ban. Trump signed two executive orders aimed at accelerating the development of advanced quantum computers and reducing the security threats they bring. Macroeconomic Events & Crypto Market Highlights According to CoinDesk, the U.S. Senate passed the housing bill by 85 votes to 5, which include

SpaceX (SPCX) shares fell 16% at the close on June 22, down 29% from its historical high after its IPO. The market capitalization shrank by about $800 billion from its peak. Over the past three trading days, the cumulative drop was about 24%. SpaceX announced its first bond issuance plan on Monday; according to Bloomberg, the issuance size is close to $20 billion. Net proceeds will be used to fully repay the bridge loan arranged for the xAI acquisition. SPCX Shares Drop in First Week After Listi

The U.S. Commodity Futures Trading Commission (CFTC) officially released a notice of proposed rulemaking for comment on June 23, soliciting written input from all parties on the development of two energy derivatives markets: first, extending standard futures contracts (including energy futures) to 24-hour trading, 7 days a week, around-the-clock, while not changing the fixed expiration dates, delivery, or settlement terms; second, the potential listing of perpetual contracts backed by physical d

On June 23, the U.S. Department of the Treasury issued a 60-day general license that fully exempts sanctions on the production and sale of Iranian crude oil and petrochemical products; Iran, in parallel, froze overseas assets worth $12 billion. U.S. Vice President Vance revealed that, in exchange, Iran agreed to allow international inspectors to return to nuclear facilities, but Tehran has not yet acknowledged the concessions. Bitcoin rose back to $64,113 the same day; WTI crude oil fell to $73.

Coinbase introduced pre-IPO perpetual futures tied to OpenAI and Anthropic on June 22, offering eligible non-U.S. customers exposure to two private artificial intelligence companies through its International Exchange. CEO Brian Armstrong cited challenges retail investors face accessing private

Rocket Lab launched its Victus Haze mission on June 19 from Launch Complex 1 in New Zealand just 16 hours and 42 minutes after receiving the official Notice to Launch from the U.S. Space Force. The launch broke the previous Tactically Responsive Space (TacRS) record set by Victus Nox by over 10 hour

BlackRock's head of digital assets Robbie Mitchnick said on June 22 that artificial intelligence investments have drawn capital away from Bitcoin and other alternative assets. Mitchnick stated that Bitcoin's performance since late 2025 mirrors a broader trend affecting non-AI assets, as investors in

Kintetsu Group (00148) and Kintetsu Laminate (01888) delivered exceptional returns as Hong Kong's Hang Seng Index fell 156 points to 23,768 yesterday. Since late March, Kintetsu Group shares have risen 3.3 times while Kintetsu Laminate shares have surged 3.8 times, pushing both companies' market capitalizations above HK$100 billion. The gains were driven by market expectations that Kintetsu Laminate's core materials for AI servers, new energy vehicles, and energy storage systems would see sharpl

TurboFlow, an onchain trading platform offering prediction markets and perpetual futures, raised $6 million in a seed funding round that closed in March. Pantera Capital led the round, with Susquehanna Crypto and Digital Currency Group participating as the only three investors. The fundraise comes a

Thailand's Department of Special Investigation (DSI) expanded an investigation into illegal cryptocurrency mining networks allegedly run by Chinese financiers that laundered more than $300 million annually through illicit cash operations, following a series of raids in 2025 that seized 6,390 crypto-

The Okayama-based Nationwide Business Corporate Pension Fund plans to allocate roughly 1% of its assets to cryptocurrency in fiscal 2026. The fund manages approximately ¥21.3 billion, or about $130 million, for around 1,200 small and medium-sized businesses. The allocation is part of a currency

Former Federal Reserve Chairman Alan Greenspan died June 22 at his home from complications of Parkinson's disease, U.S. media reported. He was 100 years old. Greenspan served as Fed Chair from 1987 to 2006, a 19-year tenure spanning four presidential administrations, during which he presided over

Rep. Ro Khanna challenged Elon Musk to a televised debate on Monday following an intense social media conflict over the Department of Government Efficiency's impact. The California congressman told CNBC he would debate Musk on CNN, CNBC, or at a university about DOGE's actions and wealth tax

Allunity launched SEKAU, a Swedish krona-backed stablecoin designed for institutional settlement and cross-border payments. The digital asset company said SEKAU will operate as an e-money token under the European Union's Markets in Crypto-Assets (MiCA) Regulation, backed 1:1 by segregated Swedish kr