Gate Cryptocurrency News and Market Analysis

Grayscale filed an S-1 registration statement with the U.S. Securities and Exchange Commission on May 1 (local time) for its Hyperliquid-based spot exchange-traded fund, the Grayscale Hyperliquid Staking ETF, advancing the Nasdaq listing process. The filing aims to provide investors with a

Citi expects tokenized securities and real-world assets to grow from about $17 billion today to $5.5 trillion by 2030. The bank says Treasury bills, digital stocks, and stablecoins could become the main drivers of Wall Street’s move onchain. Key Takeaways: Citi projects tokenized securities co

High-speed connectivity solutions company Credo Technology (CRDO) released its FY2026 Q4 financial results for the period ending May 2, 2026 after Monday’s close: quarterly revenue of $437 million, up 157% year over year, topping the market expectation of $433.3 million; adjusted earnings per share of $1.16, beating expectations. After the results were announced, CRDO’s share price fell by about 10% in after-hours trading. FY2026 Q4 and Full-Year Confirmed Financial Data Confirmed financial metr

Florida Attorney General James Uthmeier filed a civil lawsuit against OpenAI and its CEO Sam Altman with the Florida court on June 2, accusing OpenAI of falsely advertising ChatGPT as safe and reliable, while actually exposing users to risks such as self-harm, violence, addiction, cognitive decline, and access to incorrect information—especially children and teenagers. Uthmeier’s direct remarks At a press conference, Uthmeier said, “Sam Altman and ChatGPT are putting our children’s safety at ris

MIT Economics Professor Robert Townsend praised the Bank of Korea as a leading innovator in programmable ledger technology on the 2nd at the 2026 BOK Conference held at the BOK annex in Jung-gu, Seoul. Townsend specifically recognized BOK's integration of wholesale and retail central bank digital

NVIDIA CEO Jensen Huang unveiled Nemotron 3 Ultra during his keynote at Computex in Taipei on June 1. This open-weight model scored 48 on the Intelligence Index in an AI Analysis and NVIDIA joint pre-release evaluation, but it lost to China’s Moonshot AI’s Kimi K2.6, which scored 54. Nemotron 3 Ultra Technical Specifications: 55 billion active parameters, million-token context window, and shipping on June 4 Nemotron 3 Ultra uses a Mixture of Experts (MoE) architecture: a total of 550 billion par

The Bank of Russia (CBR) showed in its “Financial Stability Assessment Report” published on June 1 that the total amount of financial instruments held by Russian residents that are linked to cryptocurrencies is about 3.8 billion rubles, almost unchanged compared with six months earlier. This reflects that retail demand for crypto-related investment products has remained stagnant during this period. A crypto regulation bill currently being considered by the State Duma of Russia passed its first r

According to Bits.media on June 1, a joint operation by the Federal Security Service of Russia (FSB), the police, and power companies seized an illegal cryptocurrency mining farm deployed with about 10,000 mining machines in an abandoned industrial plant area in Nizhny Tagil and the neighboring Kushva area in the Sverdlovsk Oblast. Local power companies estimate that the losses caused by this illegal electricity use are close to 1 billion rubles. Criminal Method: Tampering with Power Meters and

Gate News bot message, Gate market data shows BTC broke through 71,000 USDT, with the current price at 71,002.2 USDT.

On June 1, Arielle Pennington, Avalanche’s Growth Senior Vice President, disclosed that trading volume for FIFA World Cup tickets on the Avalanche platform has surpassed 60,000 transactions in the past few days. Trading volume has increased 24 times compared with normal levels, while the number of active addresses has grown by about 10 times; and these figures were recorded before the World Cup matches had officially started, including the data from before the official opening of the 2026 World

On June 2, 2026, U.S. equities remained steady overall. The S&P 500 and the Nasdaq Composite rose by 0.3% and 0.6%, respectively, but the space sector was hit by a fierce sell-off. Rocket Lab (RKLB) shares fell sharply by about 14.7% on the day, closing at $122.39, down more than 16% from the 52-week high of $150.23 set in May prior. Other space-themed stocks that also suffered severe losses included Intuitive Machines (about -13%) and Redwire (about -16%). Worth noting is that the market did no

Revolut announced at the “Choose France” summit held at the Palace of Versailles on June 1 that it will add €100 million in investment in France by 2030 and create 200 jobs. The announcement builds on Revolut’s 2025 commitment to invest €1 billion in the construction of its Paris Western Europe headquarters. Revolut is applying to the French Prudential Supervision and Resolution Authority (ACPR) for a local banking license in France, which has not yet been approved. France market outlook: 7 mill

Robinhood Markets announced on June 1 that it has officially completed its acquisition of WonderFi, a digital asset services company headquartered in Toronto, for $180 million. WonderFi operates regulated crypto platforms in Canada, Bitbuy and Coinsquare. On the same day, shares of Robinhood (HOOD) fell 3.8%, closing at $90.73. WonderFi Integration Business Details Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto & International, said: “WonderFi has extensive experie