Gate Cryptocurrency News and Market Analysis

Nvidia CEO Jensen Huang on June 5 denied rumors that the company would reduce high-bandwidth memory (HBM) usage in its AI chips during an interview in South Korea, confirming instead that three memory suppliers have been qualified for HBM4 production. The denial came one day after research firm

Metals Focus projects global gold demand will decline in 2026 despite modest supply growth, with the annual average gold price forecast to surge 43% to a record $4,920. The independent precious metals research consultancy released its Gold Focus 2026 report detailing supply and demand forecasts

Polymarket chief marketing officer Matthew Modabber sent more than $2.5 million to over 800 people via a personal PayPal account between January 2025 and February 2026, according to a POLITICO investigation published Friday. At least $350,000 of that total went to social media creators who

Oobit released a report showing USDT holds near 100% of stablecoin transaction volumes across multiple Latin American markets, cementing Tether's dominance in the region. The payments and remittance company documented market shares reaching 100% in Bolivia, Peru, and Ecuador, approximately 98% in

U.S. stock indices dropped on Friday, with the S&P 500 losing 2.64%, the Nasdaq 100 tumbling 4.77%, and the Dow slipping 1.35%. The decline was driven by a stronger-than-expected jobs report showing 172,000 nonfarm payrolls added in May, well above the 80,000

Marvell Technology will be added to the S&P 500 index on Monday, June 22, S&P Dow Jones Indices announced Friday, sending shares up 6% in after-hours trading. The semiconductor maker will join the benchmark index alongside electronic manufacturer Flex, replacing Pool Corp. and Campbell's Co.

Oracle (ORCL) stock declined more than 10% on Friday following a BNP Paribas research note projecting the company will increase capital expenditures to between $80 billion and $100 billion for data center campuses and Nvidia chip acquisitions. Analyst Stefan Slowinski issued the projection in

The US Commerce Department faces a June 30 deadline to submit a copper market assessment report recommending whether to impose import tariffs on refined copper. Market expectations point to phased tariffs of 15% starting in 2027 and 30% in 2028, following an existing 50% tariff on semi-finished copp

Analysts observe early signs of capital rotation back into select altcoins after market correction. Each asset shows different drivers, including infrastructure, speculation, and historical liquidity strength. Market direction remains uncertain, but activity levels suggest renewed

Bitcoin short positions face $2.6 billion in potential liquidations after the cryptocurrency dropped to $61,100 on Friday, wiping out approximately $335 million in leveraged long positions. The sharp decline followed a 21% drop in bitcoin's price, leaving concentrated short exposure

The Nasdaq plummeted 4.2% on Friday, its worst session in 14 months, after a stronger-than-expected May jobs report triggered a jump in yields. Rising yields would make it more expensive for AI companies to maintain their spending binge. The downturn occurred as Washington discussed whether the

Bitcoin fell to $60,400 amid 14 consecutive days of institutional ETF outflows and $1.3 billion in liquidations over the last 24 hours. The decline was driven by $4.4 billion in net outflows from US spot Bitcoin ETFs, sales by Strategy company and whale transfers to exchanges, and a critical

Ramp raised $750 million in Series F funding at a $44 billion valuation, placing the corporate spend management company among the world's most valuable private fintech firms. The round was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan, with new backing from Goldman Sachs Alternatives,

The U.S. economy added 172,000 jobs in May, significantly exceeding the consensus forecast of 85,000, according to the Bureau of Labor Statistics. The stronger-than-expected employment data triggered a sharp decline in gold prices, with spot gold trading at $4,441.03 per ounce, down 0.77% on the

Decentralized cryptocurrency exchange monthly active wallets exceeded 12 million in early 2026, according to Coin Bureau, driven by regulatory uncertainty around centralized platforms and improved on-chain execution speeds. Hyperliquid processed $212 billion in 30-day perpetual futures volume by

Hyperliquid's HYPE token reached $75.40 on June 2, 2026, briefly surpassing Solana's SOL in dollar price for the first time as SOL dropped to $65. The price crossover occurred during broad market weakness, with Bitcoin and Ethereum posting double-digit declines over the week ending June 4 while HYPE

US institutional investors and the spot ETF market have maintained a continuous selling and withdrawal trend since April 27th, as revealed by the Coinbase Premium Index remaining in negative territory throughout this period. The index has ranged from -0.15% to -0.19% since that date, indicating US w

Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour and Gavekal CEO Louis-Vincent Gave said deglobalization is driving a commodity bull market. The two financial leaders presented their analysis at the Sohn Montreal Conference, arguing that the world is moving away from