Gate Cryptocurrency News and Market Analysis

On June 4, the crypto market sentiment analytics firm Santiment reported that social media attributions for Bitcoin’s drop have shifted to Michael Saylor. After Saylor posted on X on June 3—following Bitcoin falling to $66,000 and more than $1.68 billion in forced liquidations in the crypto market—he wrote, “Keep working.” On the day, Bitcoin forced liquidations totaled $792.42 million. Santiment Social Media Narrative Data: From War to Saylor (Source: Santiment) The trajectory of social media n

The U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 that it will abolish the “No-Deny” policy, which had been in effect since 1998. The policy previously required defendants, when reaching enforcement settlements with the CFTC, not to publicly deny the regulator’s allegations. In its statement, the CFTC said the policy “may create the mistaken impression that the Commission is trying to protect itself from criticism,” and therefore decided to cancel it. New policy framework

Intuitive Machines (LUNR) board director and 10% major shareholder Kamal Ghaffarian sold 141,909 shares of Class A common stock through Ghaffarian Enterprises on June 1, for a total value of approximately $5.537 million. LUNR did not win NASA’s lunar terrain rover contract, and its share price dropped sharply after the news. Transaction Details: 10b5-1 Plan and Conversion Mechanism This sale was automatically executed under a 10b5-1 plan adopted by Ghaffarian Enterprises, LLC on December 4, 2025

Iran launched drone and missile attacks on Kuwait International Airport and targets in Bahrain on the morning of the 3rd (local time), killing at least one person and causing significant damage to civilian infrastructure. The strikes, which hit Terminal 1 of Kuwait International Airport and

According to Glassnode on-chain data, Bitcoin long-term holders (LTH) currently have a relative unrealized loss of 15.5%. Based on a Bitcoin price of $69,500, this means that for each $1 of book loss, the amount is about $0.15 per $1 held. Glassnode analysis shows that the current stress level is far below the extreme thresholds seen at the bottom of past bear markets—during the previous cycle’s low point, relative unrealized losses had exceeded a $0.50 loss for every $1 held. Glassnode Relative

After Broadcom (AVGO) held its 2026 earnings conference call, its stock price fell by about 12% in after-hours trading on June 4. Total Q2 revenue was $22.19 billion, and AI semiconductor revenue increased 143% year over year. However, its Q3 AI chip sales guidance was $16 billion, below analysts’ expectations of $17.2 billion, and Broadcom did not raise its 2026 AI semiconductor sales forecast. Q2 Results and Specific Numbers in the Q3 Guidance Q2 Total Revenue: $22.19 billion (above market exp

On June 4, 2026, SpaceX officially set its IPO offering price at $135, implying a valuation as high as $1.77 trillion. This scale not only makes it poised to become the largest IPO event in global history, but also sparks in-depth discussions in capital markets around corporate governance, power structures, and cross-industry transmission effects—driven by the fact that founder Elon Musk holds about 82.4% of the voting power. For the crypto industry, this event is also highly observably signific

Navitas Semiconductor announced on June 3 that it has joined the NVIDIA MGX ecosystem to jointly advance the development of 800V DC AI infrastructure, and it showcased its 800V to 6V DC distribution board (PDB) at COMPUTEX 2026 on May 29. The news drove NVTS shares up 19.26% on Wednesday. 800V to 6V Distribution Board Technical Specifications: Confirmed Official Figures The 800V to 6V DC distribution board that Navitas showcased at COMPUTEX 2026 is its core product in the NVIDIA MGX ecosystem co

The Altcoin Season Index reached 64 as of the morning of the 4th at 10 AM, marking the highest level since October 8, according to digital asset analysis platform Coinglass. Bitcoin Dominance simultaneously fell to 57.33%, the lowest in approximately 255 days since September 22. The dual movement of

Ripple announced its USD-backed stablecoin RLUSD is now available in Turkey through partnerships with Bilira, Bitexen, and Bitlo. The move provides institutions regulated access to digital dollars for payments, liquidity, collateral management, and tokenization. Turkey represents one of the region's

According to CryptoProwl, on June 3, payment card giant Visa and Mastercard are set to jointly launch a new stablecoin platform. Global payments network Stripe and U.S. crypto exchange Coinbase Global are also reported to be planning to participate; the platform’s specific operating model and the roles of each party have not been publicly disclosed at this time. Current stablecoin setups of each party Both companies’ confirmed moves in the stablecoin space: Mastercard: Earlier this year, it acqu

Bitcoin tested support near $62,500 on June 3 as the crypto market recorded $1.12 billion in liquidations, with long traders absorbing $949 million in losses according to Coinglass data. Bitcoin briefly touched $62,569 on Binance at 9:50 p.m. EDT on Wednesday before stabilizing in the

On June 2, the machine heart news outlet reported that Mindverse (Mindverse)’s Mind Lab has recently released consecutive research results on LoRA and PEFT efficient fine-tuning. The δ-mem key metrics are: with parameter increments as low as 0.12%, it delivers 1.31× and 1.20× performance improvements on the Memory Agent Bench and LoCoMo intensive memory benchmark tests. δ-mem: Confirmed technical mechanisms and benchmark test numbers δ-mem is a parallel mixed linear attention architecture design

Bill Ackman, founder and CEO of Pershing Square Capital Management, said on June 3 on the “All In” podcast that the current market is replaying the investment psychology of the 2000 internet bubble. Funds are concentrating and flowing into hot sectors such as chips, semiconductors, and energy. He also opened new positions in February when Microsoft’s stock price fell after the release of its earnings, and said that Microsoft is one of the winners in the AI era. Ackman’s Confirmed Positioning and

According to a June 4 report by Crypto.news, SpaceX plans to issue 555.6 million shares at $135 per share (single fixed price, no price range), aiming to raise $75 billion, valuing the company at about $1.77 trillion, based on filings submitted to the U.S. Securities and Exchange Commission (SEC). SEC filings confirm that after the IPO, Musk will retain 82.4% of SpaceX’s voting control. IPO Key Terms: Confirmed Offer Price, Share Count, and Valuation According to SpaceX’s IPO documents filed wit

Robert Kiyosaki, author of Rich Dad Poor Dad, questioned in a June 2 post on X how a government that 'takes 40% of everyone's money' still accumulates trillions in debt. The post linked tax burden, federal spending, and public distrust in a critique of U.S. fiscal policy. U.S. public debt stood

Peter Schiff, an economist known for long-term bearish views on the U.S. economy, said on June 3 in an interview with TheStreet that today’s U.S. stock market is more like a “time bomb,” with the market pricing equities “according to hopes rather than reality,” while ignoring structural risks such as U.S. Treasury debt nearing $39 trillion. Schiff explained that many of his warnings over the past several years have been gradually validated, and the only thing that hasn’t happened yet is the “ult

Israeli business media Globes reported on June 4 that the Israel Tax Authority will roll out a voluntary crypto tax disclosure program in August 2025. The program was originally expected to generate up to $1 billion in tax revenue, but so far the tax authority has only received 58 disclosure filings. The disclosed amount of crypto assets is about $50 million. Specific terms of the program: criminal immunity, holding limits, and deadlines According to Globes, the confirmed terms of Israel’s volun

Binance announced that it will stop supporting NFTs on its centralized exchange starting July 3. All existing holders must transfer their assets to a self-custody wallet before the deadline; otherwise, they will permanently lose access rights. Annual NFT trading volume fell from about $23.8 billion in 2022 to about $1.2 billion in 2026; Nifty Gateway, Kraken NFT, and X2Y2 have already shut down. User action timeline: standard deadline June 17, full stop July 3 The specific deadlines and conditio

According to a June 4 report by the New York Post, Polymarket, a prediction market platform, is investigating whether its competitor Kalshi has engaged in corporate espionage against it. Polymarket has reportedly compiled a “copycat” work file of about 12 incidents, and is concerned that Kalshi’s venture investors, Paradigm, may have set up surveillance across from its Manhattan office. Three Main Investigations: Records of Confirmed Timing Overlaps Based on reports by the New York Post and the