Gate Cryptocurrency News and Market Analysis

South Korea's Supreme Prosecutors' Office reported on the 2nd day at the 24th Cabinet meeting that the Seoul Southern District Prosecutors' Office actively investigated financial, securities, and virtual asset crimes over the past year. Acting Prosecutor General Gu Ja-hyun stated the

Gate News bot message, Gate market data shows that ETH has broken through 2000 USDT, and the current price is 2000.11 USDT.

According to Bitcoin.com News on June 2, a Solana developer using the pseudonym cavemanloverboy published SIMD-547 last Saturday, proposing to set a base fee based on the transaction type. The goal is to increase SOL daily burn to reduce the level of network currency inflation. Market makers and users of payment priority fees are affected less, while some users who pay lower fees may see fee increases of up to 600%. Core Mechanisms of SIMD-547 and Current Data Comparison According to the proposa

Alphabet (Google's parent company) announced on June 2 that it plans to issue 80 billion in additional stock. The goal is to expand AI data centers and computing infrastructure. The only reason the company gave in its statement is that "demand has exceeded supply." Of that amount, $10 billion will come from Berkshire Hathaway, which will directly take an equity stake via a private placement, without going through the public markets. Three Channels for Alphabet’s $80 Billion Share Issuance: Confi

CME Group launched 24-hour, year-round trading for digital asset futures and options on May 29, according to a statement released on June 1. The global derivatives exchange operator introduced the continuous trading regime to meet customer demand and bridge the gap between traditional regulated exch

Grayscale filed an S-1 registration statement with the U.S. Securities and Exchange Commission on May 1 (local time) for its Hyperliquid-based spot exchange-traded fund, the Grayscale Hyperliquid Staking ETF, advancing the Nasdaq listing process. The filing aims to provide investors with a

Citi expects tokenized securities and real-world assets to grow from about $17 billion today to $5.5 trillion by 2030. The bank says Treasury bills, digital stocks, and stablecoins could become the main drivers of Wall Street’s move onchain. Key Takeaways: Citi projects tokenized securities co

COMPUTEX 2026 (Taipei International Computer Show) will take place from June 2 to June 5 under the theme “AI Together.” This year’s three main technology tracks are: the NVIDIA RTX Spark supply chain, liquid-cooling thermal management CDU (coolant distribution unit), and physical AI and embodied intelligence—this is also COMPUTEX’s first time setting up a new “AI Robot Zone” in Hall 1 of the Taipei World Trade Center. RTX Spark supply chain: NVIDIA’s first laptop chip At GTC 2026, NVIDIA unveile

High-speed connectivity solutions company Credo Technology (CRDO) released its FY2026 Q4 financial results for the period ending May 2, 2026 after Monday’s close: quarterly revenue of $437 million, up 157% year over year, topping the market expectation of $433.3 million; adjusted earnings per share of $1.16, beating expectations. After the results were announced, CRDO’s share price fell by about 10% in after-hours trading. FY2026 Q4 and Full-Year Confirmed Financial Data Confirmed financial metr

Acting Hong Kong Secretary for Financial Services and the Treasury, Michael Chan, said at the meeting of the Legislative Council’s Panel on Financial Affairs on June 1 that Hong Kong’s proposed regulatory regime for virtual asset trading, custody, provision of advice, and management services does not intend to provide existing service providers with a transitional arrangement that is “deemed as having been granted a licence or registration,” in order to “avoid unclear regulatory circumstances.”

Meta Platforms (META) Q1 2026 quarterly revenue was $56.3 billion, up 33% year over year and beating expectations; earnings per share were $10.44, 57% above market expectations. On June 1, the stock price fell to $600.47. The direct trigger for the stock decline was Meta raising its 2026 capital expenditure guidance from $125 billion to as high as $145 billion. Q1 2026 Core Financials: Results Beat Expectations Alongside Higher CapEx Guidance Meta’s confirmed financial data for Q1 2026 are as fo

Florida Attorney General James Uthmeier filed a civil lawsuit against OpenAI and its CEO Sam Altman with the Florida court on June 2, accusing OpenAI of falsely advertising ChatGPT as safe and reliable, while actually exposing users to risks such as self-harm, violence, addiction, cognitive decline, and access to incorrect information—especially children and teenagers. Uthmeier’s direct remarks At a press conference, Uthmeier said, “Sam Altman and ChatGPT are putting our children’s safety at ris

MIT Economics Professor Robert Townsend praised the Bank of Korea as a leading innovator in programmable ledger technology on the 2nd at the 2026 BOK Conference held at the BOK annex in Jung-gu, Seoul. Townsend specifically recognized BOK's integration of wholesale and retail central bank digital

NVIDIA CEO Jensen Huang unveiled Nemotron 3 Ultra during his keynote at Computex in Taipei on June 1. This open-weight model scored 48 on the Intelligence Index in an AI Analysis and NVIDIA joint pre-release evaluation, but it lost to China’s Moonshot AI’s Kimi K2.6, which scored 54. Nemotron 3 Ultra Technical Specifications: 55 billion active parameters, million-token context window, and shipping on June 4 Nemotron 3 Ultra uses a Mixture of Experts (MoE) architecture: a total of 550 billion par

Bitmine Immersion Technologies Chairman Tom Lee said on June 2 that the company bought 26,497 ETH over the past week, worth about $52 million. Its Ethereum holdings have exceeded 5.4 million ETH, or about 90% of its target. In the statement, Lee wrote: “We believe that Ethereum’s price has not yet reflected improvements in its fundamentals.” Tom Lee’s Direct Quotes and Macro View On Monday, during an interview with CNBC, Lee said the crypto market is currently disappointing because when other in

The Bank of Russia (CBR) showed in its “Financial Stability Assessment Report” published on June 1 that the total amount of financial instruments held by Russian residents that are linked to cryptocurrencies is about 3.8 billion rubles, almost unchanged compared with six months earlier. This reflects that retail demand for crypto-related investment products has remained stagnant during this period. A crypto regulation bill currently being considered by the State Duma of Russia passed its first r

According to Bits.media on June 1, a joint operation by the Federal Security Service of Russia (FSB), the police, and power companies seized an illegal cryptocurrency mining farm deployed with about 10,000 mining machines in an abandoned industrial plant area in Nizhny Tagil and the neighboring Kushva area in the Sverdlovsk Oblast. Local power companies estimate that the losses caused by this illegal electricity use are close to 1 billion rubles. Criminal Method: Tampering with Power Meters and