Gate Insights and Crypto Market Analysis

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

Iran suspended negotiations with the United States on June 1 and announced plans to completely block the Strait of Hormuz, according to Xinhua News Agency citing Iranian media reports from a source close to the negotiating team. The suspension was triggered by Israel's continued military

Twelve Chinese fund companies implemented benchmark adjustments for 195 public mutual funds on June 1, affecting 3910 billion yuan in assets under management, following new regulatory guidelines that took effect March 1. The adjustments coincided with a sharp divergence in A-share markets, where

Nvidia unveiled Nemotron 3 Ultra on June 1 at Computex in Taipei, a 550-billion-parameter open-weight AI model that marks the company's largest open AI release to date. CEO Jensen Huang announced the model during his keynote address, positioning it as the highest-ranking U.S. open-weight model on in

The KelpDAO exploit allowed an attacker to siphon unbacked rsETH tokens and deposit them into Aave, triggering one of the sharpest liquidity contractions in recent DeFi history, according to the latest Cryptoquant report dubbed the “ DeFi Contagion.” Key Takeaways: The KelpDAO exploit on

Anchorage Digital, home to the only federally chartered crypto bank in the United States, has launched Coordinated Multiparty Settlement (CMS) powered by Atlas, a new infrastructure layer designed to bring institutional digital asset trading in line with the market structure that governs

DuckDuckGo launched No-AI Search extensions for Chrome and Firefox on June 1, offering users an AI-free search experience through its noai.duckduckgo.com subdomain. The launch followed Google's announcement at I/O earlier in May of what it called 'the biggest upgrade to its Search box in over 25

Alphabet announced plans to raise $80 billion to fund artificial intelligence infrastructure expansion, responding to what the company describes as unprecedented customer demand for AI compute capacity. The financing package combines $30 billion in underwritten public offerings, a $40 billion at-the

SpaceX disclosed on Monday in an amended initial public offering filing that it may issue a significant amount of equity in connection with future transactions, warning investors that additional acquisitions, investments, or major deals after reaching public markets could dilute existing

Himanshu Sahay, co-founder and CTO of Arch Lending, argues Bitcoin holders should borrow against their holdings rather than spend the cryptocurrency. Sahay co-founded Arch Lending in early 2022 with CEO Dhruv Patel, and the firm makes overcollateralized crypto-backed loans against Bitcoin,

Strategy announced Monday that it sold 32 BTC worth $2.5 million between May 26 and May 31, but the June 1 announcement timing has triggered a dispute on Polymarket over a market asking whether the firm would sell Bitcoin by May 31. The market, which has attracted more than $50 million in trading