Gate Insights and Crypto Market Analysis

Qualcomm (QCOM) stock closed on June 1 at $228.99, down 8.78%. Earlier, Qualcomm announced the launch of its Dragonfly AI data center brand at Computex Taipei International Computer Show, but CEO Cristiano Amon said more details would be released at the investor day on June 24. Qualcomm’s Computex Announcement: Dragonfly Brand and New Snapdragon Products Qualcomm introduced Dragonfly as a new brand for AI data center products at Computex. Amon said, “More information will be announced at the inv

The native token EDGE of decentralized derivatives exchange edgeX began plunging sharply on June 1. On Binance, it briefly fell from $1.1424 to $0.3208, hitting a daily low; the drop was nearly 70%. On June 2, edgeX published an official statement on X confirming that it has noticed “sudden abnormal price fluctuations,” saying it is actively investigating the cause, and warning users to be wary of unverified speculation. EDGE Plunge Timeline: Dropping From $1.14 to a $0.32 Low, Then Partially Re

CME Group (Chicago Mercantile Exchange Group) announced that its 24/7 crypto futures and options trading services went live on May 29. The first weekend saw trading of more than 7,200 contracts, with a notional value of about $50 million. Bitcoin volatility futures were also launched at the same time, starting 24/7 trading. Public statements from participating institutions JB Mackenzie, Vice President of Futures and International Business at Robinhood Markets, said: “Cryptocurrency is a 24/7 ass

Bitcoin's reverse premium in South Korea fell to its lowest level in approximately 5 years 4 months, with Tether's reverse premium also recording approximately -3.8%. As of 10 AM on the 2nd, Bitcoin's domestic won price of 103.59 million won traded approximately 3.94% below the global price of $71,0

NVIDIA CEO Jensen Huang, SoftBank CEO Masayoshi Son, and Amazon founder Jeff Bezos publicly commented around June 1 on the nature and scale of current AI investment. The three perspectives differ in their frameworks; meanwhile, Amazon reportedly issued an internal warning to employees, asking them to stop using AI for menial tasks. The estimated token-burning cost from the previous month was about $500 million. This year, AI-related capital inflows have reached about $380 billion. Three executiv

ByteDance's Doubao AI model is expected to launch paid subscription services in late June (6月下旬), according to a report by Penguin News on June 2. The paid tiers will focus on resource-intensive tasks such as presentation generation and data analysis, while a free version will remain available for e

Telegram CEO Durov announced on 6/1 that TON’s native token will be renamed to Gram, as the fourth step in MTONGA’s four-step plan, with a transition period of about three weeks. The four steps are: a tenfold speed-up network, sixfold fee reductions, Telegram taking over the TON Foundation to become the administrator and the largest validator, and the renaming to Gram. Steps five to seven have not been disclosed yet. Gram was the token name from the 2018 TON plan; after it was disabled by the SEC in 2020, development continued under the TON name.

Rocket Lab (RKLB) fell 14.8% on June 1, to $123, underperforming the S&P 500 and the Nasdaq. The pullback was driven by two external factors: investors continued to digest a rocket explosion accident at a launch site involving Blue Origin on Friday last week, and SpaceX confirmed it would complete its first public offering on June 12, with an intended valuation of at least $1.8 trillion. Blue Origin Explosion Accident: Direct and Indirect Effects of the Launch Site Incident Last Friday Blue Orig

Artificial intelligence company Anthropic announced on June 2 that it has filed a confidential IPO application with the U.S. Securities and Exchange Commission (SEC), planning to conduct an initial public offering on U.S. stock markets in 2026. The IPO offer price and number of shares have not yet been determined. Anthropic’s valuation in its most recent round of private financing has exceeded $965 billion, higher than OpenAI’s $852 billion valuation. Confirmed Financial Status of Anthropic Anth

Korea Digital Asset (KODA), a digital asset custody firm, received a SOC1 Type 2 (Service Organization Control) certification report from accounting and consulting firm Samil PwC on the 2nd. The certification verifies KODA's internal control systems for digital asset custody services, covering

Zama, the privacy encryption company, has lifted the freeze on its confidential USDC contract (cUSDC) that was frozen as of May 31. Previously, Circle carried out a blacklist operation overnight against the cUSDC contract address pursuant to a federal court order, freezing a USDC pool worth $12.6 million. The trigger was a civil dispute between Overnight Finance’s founder and OVN token holders. Freeze Trigger Mechanism: A Single Disputed Depositor Locks the Entire Contract Pool Circle maintains

On June 1, Ondo Finance posted on X to confirm that co-founder Nate Allman passed away last week at the age of 32. The announcement disclosed that the company’s on-chain asset size is set to exceed $400 million, and early investor David Chen will join the company’s board of directors. The announcement ends with the closing line Allman commonly used: “Forward.” Allman’s core product legacy and confirmed asset scale The Ondo announcement states that the on-chain asset size is set to exceed $400 mi

Uniswap founder Hayden Adams issued a statement on June 2, thanking the Ethereum Foundation (EF) for its long-term funding support and various forms of assistance, and clearly clarifying that Uniswap was not incubated by the EF. He said that he participated as an externally funded party, maintaining close personal ties with the EF rather than any institutional incubation relationship. Adams’ Confirmation Statement on Three Specific Issues In his June 2 public statement, Adams made three specific

Bitcoin (BTC) continues to weaken and drop further, temporarily trading around $71,310 as of June 2. A disclosure from Strategy last week about selling 32 BTC sparked controversy around a prediction pool on the Polymarket platform with trading volume exceeding $20 million. Dogecoin received support from Paxos, driving wider adoption at the institutional level. Macro Events & Crypto Hotspots 1、According to The Block, Strategy’s disclosure last week about selling 32 BTC triggered controversy over

Strive Inc. (ASST) announced on May 13 that it plans to expand each of its A-class common stock and SATA preferred stock at-the-market (ATM) offering programs by $2.1 billion, for a total equity increase of $4.2 billion. It also disclosed that it has already increased its holdings by about 2,649 bitcoins this week, valued at approximately $193 million, with an average purchase price of about $73,000 per coin. Authorized scale after the expansion of the ATM program Upon completion of this expansi

Radiant Capital DAO announced on June 1 that it is stopping operations and entering maintenance mode. The frontend and smart contracts remain accessible; users can still withdraw, repay, and manage positions. If funds are recovered, they will be returned. Since the approximately $51 million hack in October 2024, there has been no significant recovery for 18 months. During the same period, losses of about 1,900 ETH were incurred in the initial flash-loan attack. In October, further attacks on Arbitrum and BNB Chain resulted in a $51 million loss; ETH/Base was not affected.

On June 2, Bitcoin fell to around $71,200. The Iran-backed Tasnim News Agency confirmed on Monday that Iranian negotiators will stop exchanging information with the United States through intermediaries and will push for a comprehensive closure of the Strait of Hormuz. The U.S. Central Command (CENTCOM) said that U.S. forces carried out strikes on Iranian radar sites and drone command facilities on May 30 to 31, after a U.S. MQ-1 drone was shot down in international waters. Iranian Statement and

Cheap oil may not return soon, leaving investors, businesses, and consumers exposed to higher costs for longer. A new supply-security premium could keep inflation pressure alive, delay rate cuts, and reshape global markets. Key Takeaways: A quick return to pre-war oil prices is becoming