Gate Cryptocurrency News and Market Analysis

XRP enters the second accumulation zone after 66% pullback near the $1.30–$1.10 range. Support at $1.10 critical; breakdown may trigger $0.85–$0.65 deeper entry zone. Historical 835% rally raises long-term targets between $5 and $15. Ripple — XRP, sits near $1.2677 after a sharp 66% pull

The U.S. Treasury Department sanctioned Nobitex, Iran's largest cryptocurrency exchange, and three other Iran-based digital asset platforms. According to the Treasury Department's Office of Foreign Assets Control (OFAC), Nobitex processed more than 50% of Iran's digital asset inflows in 2025 and

Morgan Stanley Investment Management launched a stablecoin reserve fund to meet rising institutional demand for compliant digital asset infrastructure. The move deepens its push into tokenization and crypto-linked products as market participation expands. Key Takeaways: Morgan Stanley

ST Xilinmen's controlling shareholder Zhejiang Huayi Smart Manufacturing and its concert party Huahan Investment had their pre-restructuring applications accepted by Yuecheng District People's Court on May 29, according to case decisions (2026)浙0602破申77号 and (2026)浙0602破申78号. The applications stem f

World Liberty Financial (WLFI) posted an announcement on X on June 3, stating that in light of recent updates to sanctions measures, WLFI maintains a risk-based sanctions compliance control mechanism. Transactions involving sanctioned individuals, entities, or related wallet addresses will face enhanced scrutiny, refusal, restrictions, or other compliance measures. The announcement instructs users, when transferring digital assets, to ensure that the source of funds and the original wallet addre

The European Central Bank (ECB) released its report “The international role of the euro” on June 2. It shows that by the end of 2025, gold’s market value share in global official reserves reached 27%, surpassing U.S. Treasuries (22%) and the euro (15%), becoming the top asset in global official reserves. The ECB clearly stated that the main reason for the change in this ranking was valuation effects, rather than countries’ central banks directly selling Treasuries and swapping into gold. Reserve

The Senate Banking Committee approved the Digital Asset Market Clarity Act this week, advancing the legislation after it passed the House of Representatives. The bill establishes the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital commodities while the Securities

Citing data from Japanese bathroom-products giant TOTO, Bloomberg on June 2 estimated the group’s operating profit for this fiscal year will rise 32% to 27 billion yen, with profits from its semiconductor-related division already contributing more than 50%. TOTO Chief Technology Officer Ryosuke Hayashi confirmed that in the previous fiscal year, semiconductor-related capital expenditures accounted for only 11% of total capital expenditures, and in the future this share will exceed half. Over the

Strategy Inc. (MSTR) sold 32 Bitcoins at an average price of $77,135 during May 26 to 31, and the proceeds were used to pay STRC preferred stock dividends. Ledn CEO and co-founder Adam Reeds said the sale hit a core issue for each Bitcoin custodian company: “When you need cash, should you sell the asset you want to hold most, or use it as collateral to borrow against it.”

Alibaba Qianwen (Qwen) series released the Qwen3.7-Plus model this week. Input pricing is $0.40 per million tokens, output pricing is $1.60 per million tokens, for a total of $2.00. This is an 80% reduction compared with Qwen3.7-Max. Cached input pricing can be as low as $0.04 per million tokens. The target scenarios are high-frequency, repetitive tasks. Qwen3.7-Plus confirmed pricing: fee rates for each billing mode According to pricing information published by Alibaba official: Standard input:

S2F model inventor and Dutch anonymous quant analyst PlanB posted on X on June 1, saying he personally believes Bitcoin’s true bottom has not formed yet, and gave a judgment of more than 50% probability of downside. The two technical reference levels he listed are the 200-week moving average line and the realized price of the on-chain overall cost basis (Realized Price, currently about $53,000). PlanB June 1 Post: 50/50 Market Split, No Bottoming Traits Seen Yet In the post, PlanB said whether t

The drums for the 2026 NBA Finals are about to sound. The Western Conference champion San Antonio Spurs and the Eastern Conference champion New York Knicks will officially kick off their best-of-seven ultimate showdown at 8:30 a.m. Beijing time on June 4 at Frost Bank Center. This is the Spurs’ first trip back to the Finals in 12 years, and it’s also the Knicks’ first time reaching the Finals in 27 years. How the 64% and 37% distributions form Gate prediction market data shows that, in markets r

SpaceX plans to price its initial public offering at $135 per share, issuing approximately 556 million new shares to raise about $75 billion, according to sources cited by foreign media on June 2 local time. The rocket and AI company owned by Elon Musk targets a valuation of roughly $1.75 trillion t

Galaxy Research analyst Alex Thorn confirmed on X that a Bitcoin address dormant since March 27, 2011 transferred 35.55 BTC (about $2.54 million) on June 2 at block height 952104. The address had previously been listed as a defendant in a New York abandoned property lawsuit. Noah Doe Lawsuit Core Claims: A Legal Loophole in the “Below $10 Valuation” Strategy Key parameters of the case: Case number: 153119/2026, filed March 11, 2026 Target addresses: 39,069 dormant Bitcoin addresses Claimed holdi

According to monitoring by PeckShield, the collateralized stablecoin sUSDat, 100% supported by STRC (Strategy Digital Credit Assets), briefly fell to below $0.93 on June 3, before rebounding to $0.98. PeckShield noted that this volatility occurred after Strategy symbolically broke its “never sell” principle. Strategy Sold 32 BTC: Confirmed Average Price, Amount, and Proportion The BTC sale data confirmed by Strategy during the reporting period are as follows: Amount Sold: 32 BTC Average Price: a

CFTC Chair Michael Selig said on June 2 during an interview on CNBC’s “Squawk Box” that the CFTC’s enforcement action against the Gemini exchange earlier was part of the Biden administration’s “weaponization of federal agencies.” This is the first time the CFTC has commented publicly on this case since last week, when it filed a request with a New York federal judge to lift a January 2025 injunction. CFTC’s request to lift the January 2025 injunction: confirming the terms Last week, the CFTC ask

The Blockchain Association sent a letter on Tuesday to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer expressing strong support for the Clarity Act. The letter, signed by 160 former national security and law enforcement officials, urged the Senate to pass the

Microsoft unveiled its Majorana 2 quantum chip on Tuesday during its annual Build conference, announcing the device is 1,000 times more reliable than its predecessor. The chip achieves average qubit lifetimes of 20 seconds, with some lasting up to one minute, improvements the company attributes to