Gate Cryptocurrency News and Market Analysis

SHIB remains in downtrend, trading below key moving averages and strong resistance levels. Open interest declines sharply as traders reduce leverage and stay cautious. Massive 410 trillion token burns support long-term scarcity despite weak price action. Shiba Inu continues to struggle u

Cathie Wood challenged Wall Street's interpretation of the May 2026 jobs report on June 6, 2026, after nonfarm payrolls added 172,000 jobs versus an 88,000 forecast and prior months were revised upward by 93,000. The unemployment rate held at 4.3% and wage growth registered around 0.3%, yet stocks a

Tencent executive Tang Daosheng addressed AI strategy criticism in a June 5 media interview, calling the competition a marathon not a sprint. Tang, Tencent Group Senior Executive Vice President and CEO of Cloud & Smart Industries Group, systematically responded to market questions about whether Tenc

Xertra, formerly known as Stratis, will launch Compass, a Web3 onboarding solution, on June 18. The platform combines AI-driven guidance, gasless onboarding, and integrated security features to simplify access to decentralized technologies. The launch is part of Stratis' ongoing effort to lower

South Korean brokerage firm KB Securities has entered into a strategic partnership with the Canton Foundation and domestic digital asset company Wavebridge to accelerate blockchain-based financial infrastructure adoption. The collaboration focuses on integrating distributed ledger technology into

Ethereum continues to lead smart contract activity and decentralized application development. QUBIC is gaining visibility through its focus on decentralized computing and AI-related infrastructure. Algorand, NEAR, and Hedera are expanding ecosystem development through scalability and

Bitcoin has fallen 50% from its all-time high, erasing approximately $988 billion in market value between October 2025 and April 2026. The correction was triggered by a $19 billion liquidation event in October and sustained by U.S. spot Bitcoin ETF outflows totaling $3.83 billion between May 1 and

AVAX declined 14% over the last 24 hours, breaking below its monthly support level at $8.05 that had held since February. The selling pressure occurred despite strong whale activity on the network, with the token trading below key Exponential Moving Averages at press time. The decline reflects

FTM dropped 19.18% in five minutes to reach $0.03232, marking one of the sharpest declines observed in recent trading sessions. The sell-off occurred amid heightened market activity, with the token posting a 24-hour decline of 26.56% and trading volume reaching $1,230.09. The sharp price movement

The BlackRock Bitcoin ETF sold approximately $213.63 million worth of Bitcoin on June 6, 2026, according to a report from crypto analyst @AshCrypto. BlackRock manages one of the largest spot Bitcoin ETFs globally, making large transactions closely watched by traders and analysts. The sale occurred d

Eduardo Taiano's investigation into Libra token flows in Argentina has stalled as the Specialized Cybercrime Prosecutor's Office (UFECI) lacks the required software to complete technical analysis of wallets involved in the token's launch. Taiano, the public prosecutor handling the case, requested UF