Gate Insights and Crypto Market Analysis

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

Santiment 5/31 said that BTC long/short positioning hit 2.23, the highest level since 2026; the funding rate has been net bullish for nearly four days, increasing the risk of liquidation cascades. ETF outflows are seen as a retail confidence gauge. Ethereum FUD has fallen to a near-year low, but new wallets are still growing, and whales’ and retail traders’ behavior has diverged. BTC 30-day MVRV is -2.2%, and 365-day MVRV is -17.2%, suggesting widespread losses but possibly forming a low-risk buying opportunity.

Bitcoin (BTC) makes a slight short-term rebound, trading around $73,590 as of June 1. A 2010 Bitcoin wallet that had been dormant for 15.8 years moved 20 BTC, realizing a $1.47 million profit for a Satoshi-era “whale” from the Nakamoto period. Strategy founder Michael Saylor posted “Working ₿etter” on X, hinting that he may buy Bitcoin again. Macro Events & Crypto Market Hotspots 1、BeInCrypto reports: a Satoshi-era Bitcoin wallet that had not been used since August 2010 transferred 20 BTC on Sun

Bank of Korea Governor Shin Hyun-song delivered opening remarks at the BOK Conference 2026 on May 1 at the BOK annex in Jung-gu, Seoul, introducing Project Hangang as a tokenized wholesale central bank money initiative and outlining the conference agenda on monetary system innovation. The governor f

Researcher Florent confirmed with The Block on May 31 that he helped recover about 1,003 ETH (about $2 million) that had been trapped in the 2016 HongCoin ICO contract for nine years. As of the time of reporting, two investors have already claimed a total of 96.5 ETH and have voluntarily paid Florent a white-hat bounty. Confirmed technical reasons and solutions for the integer overflow vulnerability Florent confirmed to The Block that the HongCoin contract was deployed using an older version of

The Sui Foundation released an incident analysis report on June 1, attributing the three mainnet outages that occurred last week to two independent vulnerabilities introduced by the v1.72 version upgrade. The Foundation acknowledged that the emergency hotfix deployed last Thursday contained a “known issue, but with a very low probability of causing a network meltdown.” The team accepted this risk to restore service quickly, and the network broke again on Friday morning. Confirmed Timeline and Ro

Bitcoin saw a slight rebound in Asian early trading on Monday, June 1, rising to $73,989. Axios reported on Sunday that U.S. President Trump, at a meeting in the White House Situation Room last Friday, asked for several changes to the understanding memorandum of understanding (MOU) between his envoy and Iran, mainly involving the specifics of Iran’s nuclear materials provisions. In parallel, Israeli Prime Minister Netanyahu confirmed that he ordered the Israeli military to further advance its gr

Tether (USDT) market capitalization decreased by $242.06 million (approximately 365.27 billion won) in a single day on the 1st, signaling a short-term liquidity contraction. According to CoinGecko data, Tether's market cap fell from $188.196 billion to $187.954 billion. Market participants

Senator Cynthia Lummis is warning Congress that missing the Clarity Act window could delay major crypto legislation until 2030. She says inaction would leave developers exposed, consumers vulnerable, and law enforcement agencies without stronger tools. Key Takeaways: U.S. Senator Lummis

China’s central bank is ramping up demand for the digital yuan by offering policy incentives to banks and financial institutions adopting the CBDC. The Trump administration and the new chair at the Federal Reserve, Kevin Warsh, have made it clear that a Central Bank Digital Currency (CBDC) has

Cybersecurity firm Cyble has identified a new Android banking trojan called OverlayPhantom that targets more than 180 banking, financial and cryptocurrency applications across 10 countries. The malware has been active since May 2025 and was uncovered during an investigation into government-themed

XRP treasury use is moving beyond theory as “north star” comments echo Ripple’s long-standing view of the digital asset’s role. Using XRP for holdings, payments, and liquidity underscores its expanding utility across blockchain networks. Key Takeaways: XRP’s “north star” status is shifting

Gate News bot message: Gate market data shows BTC has broken through 74,000 USDT, with the current price at 74,008.7 USDT.

A developer known as Florent recovered approximately 1,003 ETH, worth roughly $2 million at current prices, from a 2016 HongCoin initial coin offering contract where the funds had been trapped for nine years. The Ethereum token sale was designed to auto-refund investors after falling short of its fu