Gate Cryptocurrency News and Market Analysis

Avalanche Treasury Company was officially listed on the Nasdaq on June 12 under the ticker AVAT. Its first-day opening price was $2.20, and it closed down 16% at $1.85. The company completed the listing by merging with SPAC Mountain Lake Acquisition, with a total transaction size of about $675 million. AVAT First Trading Day Transaction Data According to Google Finance data: Opening price: $2.20 Closing price: $1.85 First-day decline: -16% Listing method: Completed through a merger with SPAC Mou

Canadian teenager Trenton Richard David Johnston and Miami resident Brandon Michael Tardibone were charged in a $13 million cryptocurrency fraud and money laundering case, according to a May 11 announcement by federal prosecutors in the Southern District of Florida. Johnston, 19 at the time of the i

CoreWeave and Nebius Group stocks jumped 7% and 8% respectively in overnight trading after Nasdaq announced their inclusion in the Nasdaq-100 index, effective June 22. The two cloud computing providers secured spots alongside AI

Adobe (ADBE), Salesforce (CRM), and The Trade Desk (TTD) stocks fell to new 52-week lows on Thursday as investors pulled money from traditional software businesses and redirected capital toward companies building artificial intelligence infrastructure. Investors questioned whether generative AI

LG is building a blockchain focused on buying and selling ads, according to a Jun 12, 2026 announcement, in collaboration with Arbitrum targeting the $679 billion advertising market. The initiative joins a wave of companies launching their own blockchains in recent years. FAQ What is LG building

On June 12, DBS Bank (DBS Bank) in Singapore announced that starting in the second half of 2026, it will officially roll out a trading service for retail customers: “DBS Physical Gold Tokens.” Each token is backed by 1 gram of physical gold, with all holdings stored in DBS’s dedicated vault in Singapore. Tokenized Gold Product Details According to DBS Bank’s official announcement, the specifications for DBS Physical Gold Tokens are as follows: Token backing ratio: Each token corresponds to 1 gra

Pi Network announced on its official website on June 11 that Pi Launchpad has released an improved participation process and an updated model, and officially launched the second test token, SLICE, on the testnet. The testing period will run until Pi2Day on June 28. This update is based on data and feedback from the first testnet token, IRRA: during the IRRA period, more than 478,000 pioneer members participated. IRRA confirms data: three major issues trigger improvements According to Pi Network’

Coinbase and MassPay Holdings LLC linked USD Coin (USDC) payouts to a global enterprise network spanning 180 countries, according to a June 11 announcement. The partnership enables businesses to fund payouts in U.S. dollars, convert funds into USDC through Coinbase, or deposit USDC directly, then di

Iranian state media Fars News Agency reported on June 12 that Iran has placed all of Musk’s business entities in the Middle East within the scope of potential targeting, including the Starlink network services operated by SpaceX, as well as Starlink ground stations and SpaceX partner facilities in Qatar, Jordan, the UAE, and Oman. Confirmed contents reported by Fars News Agency The following content is based on claims by “insiders” cited by Fars News Agency. It is a unilateral statement by Irani

Raydium, Ethena, Curve DAO, VeChain, and Optimism remain among the closely watched altcoins heading into mid-2026. Market participants are monitoring ecosystem growth, network activity, and adoption trends across multiple blockchain sectors. Analysts suggest that capital rotation into alt

Pacific Investment Management Company (Pimco) said at a New York press conference on June 12 that the main focus of next week’s Federal Reserve (FOMC) meeting is not only the rate decision itself, but also the pace at which new chairman Kevin Warsh will reshape the Fed’s policy communication framework. Warsh has already made it clear in his April Senate confirmation hearing that he “does not believe in forward guidance.” Warsh’s confirmed position: the hearing opposes forward guidance Based on t

The United States and Iran shifted toward ceasefire negotiations on June 11 after two consecutive days of attacks and counterattacks. US President Donald Trump canceled a third airstrike against Iran three hours before its scheduled execution on June 11 evening, announcing the cancellation via

AI startup Prometheus announced on June 12 that it has completed a $12 billion Series B funding round, valuing the company at about $41 billion; investors include JPMorgan, BlackRock, Goldman Sachs, DST Global, and Arch Venture Partners. Jeff Bezos serves as co-CEO, his first CEO role since stepping down from Amazon in 2021. Confirmed details of the Series B funding and valuation According to reports by GeekWire and Axios, the confirmation details of this round are as follows: Funding amount: $1

Coinbase launched Coinbase for Agents on Jun 12, 2026, a tool enabling AI agents to make payments and trade cryptocurrency. The product allows users of the crypto exchange to manage their holdings without constant manual oversight. Coinbase for Agents is designed to let AI agents autonomously

Amazon first publicly disclosed its data center water-use data on June 11: in 2025, global data centers consumed 2.5 billion gallons of water (about 9.5 billion liters), with a water-use efficiency (WUE) of 0.12 liters per kilowatt-hour, down 2% from the prior year while the operating scale continued to expand. Amazon included comparative charts in its report and claimed its efficiency is about 7 times higher than the industry average (0.84 liters per kilowatt-hour). Limitations of Confirming th

Reuters, based on data from the swaps market, shows that the probability of Japan’s central bank (BOJ) raising interest rates from 0.75% to 1% at its policy meeting on June 15-16 is 93%. This would be Japan’s highest policy rate since 1995. BOJ Governor Kazuo Ueda (74) was admitted to the hospital on June 10 due to an infection from a liver cyst, and will be absent from this two-day policy meeting; the meeting will be chaired by Deputy Governor Ryozo Hino. Rate-hike expectations confirmed: Reute

On June 12, U.S. President Trump announced the end of the war with Iran at a phone rally in Georgia, saying Iran has agreed to never possess nuclear weapons. In the previous 36 hours, the U.S. military launched airstrikes at multiple targets in Iran, while Iran retaliated with drones and missiles and announced a blockade of the Strait of Hormuz. During the blockade, global oil prices rose. The Strait of Hormuz is a critical passage for roughly 1 out of every 5 barrels of crude oil worldwide. Tai

Shares of Robinhood Markets Inc. surged nearly 7% on Thursday and continued to climb in the overnight trading session. The rally followed positive analyst notes, including a joint research report from Artemis and North Island Ventures positioning the company as a 'financial super-app' for younger ge

Space Exploration Technologies Corp. (SpaceX) is set to list on Nasdaq on the evening of June 12 under ticker SPCX, in what will be the largest initial public offering in history. The company priced its IPO at $135 per share, issuing 555.6 million shares to raise a total of $75 billion,