Gate Cryptocurrency News and Market Analysis

Two insiders told Reuters on June 3 that the SpaceX IPO will adopt an all-new-share issuance structure, targeting to raise at least $75 billion at a valuation of $1.75 trillion (including the green-shoe option). SpaceX plans to list on Nasdaq under the stock ticker “SPCX,” and Elon Musk has agreed to lock up all of his SpaceX shares for 366 days. Lock-up periods and equity structure confirmed by the SpaceX S-1 filing Based on the terms confirmed in the S-1 filing: Musk: All shares locked up for

A coalition of five DeFi protocols filed a Constitutional AIP on the Arbitrum governance forum on April 25, asking the Arbitrum DAO to release 30,765.67 ETH frozen after the April 18 KelpDAO exploit. Key Takeaways: Aave Labs, KelpDAO, and three other protocols filed a Constitutional AIP on April

Ripple is framing CME’s 24/7 crypto futures launch as a response to institutional demand, citing XRP futures as evidence, with Ripple Prime serving as a day-one clearing and financing partner. Key Takeaways: CME’s 24/7 crypto derivatives launch provides institutions with regulated access to XR

Bitcoin (BTC) sees a cascading sell-off, with a temporary quote of around $66,878 as of June 3. The U.S. Securities and Exchange Commission (SEC) released a draft strategy plan: to provide a regulatory foundation for digital assets, clearly defining the division of authority with the Commodity Futures Trading Commission (CFTC). A UK House of Lords committee urges the country’s central bank to reconsider proposed restrictions on stablecoin holdings. Macro Events & Crypto Market Hotspots The U.S.

Trading card company Cardsmiths and America250, the congressionally-established organization overseeing the United States' 250th anniversary celebrations, launched Currency Series 6, a collection of more than 120 unique trading card designs. The release is timed to coincide with the

According to monitoring data from on-chain analytics platform Lookonchain as of June 3, crypto veteran participant Huang Licheng (@machibigbrother) experienced 7 liquidations on Hyperliquid over the past two days, and then opened a long position again using 25x leverage for 400 ETH, with a notional value of approximately $744,000. The new liquidation price is $1,834.01. Lookonchain Monitoring Data: 7 Liquidations in Two Days and Latest Position Parameters (Source: Hyperliquid) According to Looko

On May 13, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Iran’s largest cryptocurrency exchange, Nobitex, as well as the Iranian trading platforms Wallex, Bitpin, and Ramzinex, adding the four entities to the Specially Designated Nationals (SDN) List. OFAC accused Nobitex of handling more than 50% of Iran’s digital-asset inflows in 2025. Sanction Targets: OFAC Accusations Against Four Exchanges and Four Individuals Institutional level (per an

Bitcoin fell below $68,000 on June 3, down more than 17% since early May. Two major bearish signals were triggered on the same day: Strategy announced it sold its first Bitcoin since 2022, selling 32 BTC for a profit of $2.5 million; and the U.S. Central Command (CENTCOM) conducted a self-defense strike on Qeshm Island on June 2 against Iran. Strategy’s First Coin Sale Details: 32 BTC, $2.5 Million Profit, and Use of Preferred Share Dividends On June 2, Strategy announced it sold 32 Bitcoin, gen

Diego Martin, CEO of Yellow Network, claims the crypto industry may be confusing demand for price action with demand for underlying assets. His remarks arrive at a time when the crypto market tracks more than 51 million tokens according to CoinMarketCap, yet only a small fraction achieve

Decentralized exchange edgeX faced scrutiny after its EDGE token fell more than 40% in 24 hours on Tuesday. The project blamed the move on deliberate market manipulation by an unnamed external party. Market data showed EDGE falling from roughly $1.20 to an intraday low of $0.3663, a drop of

Sen. Bernie Sanders, Sen. Elizabeth Warren, and Rep. Robert Scott sent a June 1 letter to Acting Secretary of Labor Keith Sonderling. They urged the Department of Labor to reject a proposed rule that would ease inclusion of alternative assets, including cryptocurrencies, in 401(k) retirement

Polymarket has signed an exclusive prediction-market distribution partnership with Berlin-based football media platform OneFootball, opening a channel to 200 million monthly active users and a broader 645-million-fan ecosystem two weeks before the 2026 FIFA World Cup kicks off in North America.

Standard Chartered's Geoff Kendrick argues that Strategy's $2.5 million Bitcoin sale on Monday marked a turning point for Ethereum, according to analysis published Tuesday. The liquidation triggered one of Ethereum's largest daily outperformance spikes against Bitcoin since 2024, creating

Marvell Technology Inc. stock closed at $290.31 on June 2, rising 32.30%, after Nvidia CEO Jensen Huang described the semiconductor company as a potential next $1 trillion firm at Computex 2026 in Taipei. The rally followed Huang's public endorsement of Marvell's networking and connectivity

Vinay Trivedi, COO at SGX FX, says the institutional FX market is moving toward a hybrid structure combining electronification, modular technology, capital efficiency, and smarter liquidity access. In an interview with Finance Feeds, Trivedi explained that demand is strongest in three areas:

A South African High Court ruled that bitcoin can be legally treated as “capital” and a “negotiable instrument” (a form of money) because it holds value, is used for speculation, and is accepted by merchants. Key

Stablecoin use is accelerating beyond crypto trading, with filtered transaction velocity reaching a record 49.7 times annualized. At the same time, bitcoin and ethereum spot ETFs are facing sustained outflows, raising questions about the depth of institutional demand. Key Takeaways: Visa