Gate Insights and Crypto Market Analysis

Ripple announced its USD-backed stablecoin RLUSD is now available in Turkey through partnerships with Bilira, Bitexen, and Bitlo. The move provides institutions regulated access to digital dollars for payments, liquidity, collateral management, and tokenization. Turkey represents one of the region's

According to CryptoProwl, on June 3, payment card giant Visa and Mastercard are set to jointly launch a new stablecoin platform. Global payments network Stripe and U.S. crypto exchange Coinbase Global are also reported to be planning to participate; the platform’s specific operating model and the roles of each party have not been publicly disclosed at this time. Current stablecoin setups of each party Both companies’ confirmed moves in the stablecoin space: Mastercard: Earlier this year, it acqu

Bitcoin tested support near $62,500 on June 3 as the crypto market recorded $1.12 billion in liquidations, with long traders absorbing $949 million in losses according to Coinglass data. Bitcoin briefly touched $62,569 on Binance at 9:50 p.m. EDT on Wednesday before stabilizing in the

On June 2, the machine heart news outlet reported that Mindverse (Mindverse)’s Mind Lab has recently released consecutive research results on LoRA and PEFT efficient fine-tuning. The δ-mem key metrics are: with parameter increments as low as 0.12%, it delivers 1.31× and 1.20× performance improvements on the Memory Agent Bench and LoCoMo intensive memory benchmark tests. δ-mem: Confirmed technical mechanisms and benchmark test numbers δ-mem is a parallel mixed linear attention architecture design

Bill Ackman, founder and CEO of Pershing Square Capital Management, said on June 3 on the “All In” podcast that the current market is replaying the investment psychology of the 2000 internet bubble. Funds are concentrating and flowing into hot sectors such as chips, semiconductors, and energy. He also opened new positions in February when Microsoft’s stock price fell after the release of its earnings, and said that Microsoft is one of the winners in the AI era. Ackman’s Confirmed Positioning and

According to a June 4 report by Crypto.news, SpaceX plans to issue 555.6 million shares at $135 per share (single fixed price, no price range), aiming to raise $75 billion, valuing the company at about $1.77 trillion, based on filings submitted to the U.S. Securities and Exchange Commission (SEC). SEC filings confirm that after the IPO, Musk will retain 82.4% of SpaceX’s voting control. IPO Key Terms: Confirmed Offer Price, Share Count, and Valuation According to SpaceX’s IPO documents filed wit

Robert Kiyosaki, author of Rich Dad Poor Dad, questioned in a June 2 post on X how a government that 'takes 40% of everyone's money' still accumulates trillions in debt. The post linked tax burden, federal spending, and public distrust in a critique of U.S. fiscal policy. U.S. public debt stood

Peter Schiff, an economist known for long-term bearish views on the U.S. economy, said on June 3 in an interview with TheStreet that today’s U.S. stock market is more like a “time bomb,” with the market pricing equities “according to hopes rather than reality,” while ignoring structural risks such as U.S. Treasury debt nearing $39 trillion. Schiff explained that many of his warnings over the past several years have been gradually validated, and the only thing that hasn’t happened yet is the “ult

Israeli business media Globes reported on June 4 that the Israel Tax Authority will roll out a voluntary crypto tax disclosure program in August 2025. The program was originally expected to generate up to $1 billion in tax revenue, but so far the tax authority has only received 58 disclosure filings. The disclosed amount of crypto assets is about $50 million. Specific terms of the program: criminal immunity, holding limits, and deadlines According to Globes, the confirmed terms of Israel’s volun

Binance announced that it will stop supporting NFTs on its centralized exchange starting July 3. All existing holders must transfer their assets to a self-custody wallet before the deadline; otherwise, they will permanently lose access rights. Annual NFT trading volume fell from about $23.8 billion in 2022 to about $1.2 billion in 2026; Nifty Gateway, Kraken NFT, and X2Y2 have already shut down. User action timeline: standard deadline June 17, full stop July 3 The specific deadlines and conditio

According to a June 4 report by the New York Post, Polymarket, a prediction market platform, is investigating whether its competitor Kalshi has engaged in corporate espionage against it. Polymarket has reportedly compiled a “copycat” work file of about 12 incidents, and is concerned that Kalshi’s venture investors, Paradigm, may have set up surveillance across from its Manhattan office. Three Main Investigations: Records of Confirmed Timing Overlaps Based on reports by the New York Post and the

Jim Ferraioli, Head of Digital Currency Research & Strategy at Charles Schwab, said in a CoinDesk interview on June 3 that the main reason for Bitcoin’s recent weakness is that it has lost its status as the market’s dominant momentum driver—not because Strategy founder Michael Saylor sold Bitcoin or because institutional demand has declined. He noted that speculative capital chasing momentum is shifting to alternative opportunities such as AI stocks and IPOs. Ferraioli’s Momentum Analysis: AI St

160 former national security, intelligence, and law enforcement professionals signed a June 2 letter urging Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer to support the CLARITY Act's crypto market structure rules. The signatories frame digital asset oversight as a nati

According to data released by Antpool (蚞蟻礦池) on June 4, as Bitcoin network mining difficulty remains at a high level, the daily revenue of Antminer S21, Antminer S3, Bitmain miner M63S (360T), and Avalon miner A1466I series and other models has turned negative, entering the shutdown/hibernation range. Hashrate Index confirms that the 30-day decline in the daily value of 1 petahash per second (1 PH/s) of hashpower is approximately 18%. Antpool-Confirmed Shutdown Models List Based on mining data r

On June 3, Ivan Chebetskov, Deputy Minister of Finance of Russia, said on RBC Radio that if foreign-currency-denominated stablecoins (mainly USDT and USDC) are allowed to be traded on platforms authorized by the Bank of Russia, holders’ wallets face the risk of being frozen. Once the relevant wallets begin interacting in transactions with the authorized platforms, holders’ risk would increase sharply. The Ministry of Finance confirmed that there have been cases in which Russian legal entities fr

Bitcoin (BTC) continues to weaken and fall, temporarily around $62,900. Bitmine follows Strategy’s financing model by issuing preferred shares with an annual dividend yield of 9.5%. In May, the number of monthly crypto VC deals dropped to about 50, the lowest level since before 2021. Macro Events & Crypto Market Hotspots 1、According to a CoinDesk report, Bitmine, an Ethereum treasury company owned by Tom Lee, is now emulating Strategy’s financing model by issuing preferred shares to seek new sou

Mastercard announced on the 3rd (local time) the addition of three major stablecoins — USDC, PYUSD, and RLUSD — to its payment settlement network, expanding its digital asset-based payment infrastructure. The global payments company stated it will support stablecoin-based settlement functionality in

According to data from analytics firm Artemis, Polymarket and Kalshi set new all-time highs in crypto trading volume on June 2. Polymarket recorded $176 million in daily trading volume, while Kalshi reached $108 million (first to break the $100 million mark); on the same day, the crypto market saw liquidations of over $1.76 billion in leveraged positions. Key data comparison between the two platforms (as of June 2026) The specific metrics for the two platforms are: Kalshi June 2 daily crypto tra

U.S. Treasury Secretary Scott Bessent, on June 4, urged lawmakers to support the CLARITY Act during an FY2027 budget hearing at the Senate Finance Committee, hoping the bill can pass this summer. Bessent confirmed that the Treasury Department is moving forward with the establishment of strategic Bitcoin reserves at a “prudent pace.” The CLARITY Act is currently deadlocked in the Senate. Status of the CLARITY Act: Passed by the House, with three major obstacles in the Senate Based on publicly ava

Bitcoin further dipped to around $63,300 on June 4. After Strategy Inc. sold 32 BTC (about $2.5 million), market sentiment was hit; Bitcoin’s market cap has shed about $160 billion this week. Bloomberg compiled data showing that US-listed Bitcoin ETFs have seen outflows for 12 consecutive trading days, with nearly $4 billion withdrawn, setting a historical record for consecutive outflows. Key Market Data: Bitcoin vs. Nasdaq 12-Month Performance Key market data comparison: Bitcoin: down 37% over