Gate Cryptocurrency News and Market Analysis

U.S. equities declined in Tuesday morning trade, with the Dow Jones Industrial Average falling over 570 points, the S&P 500 index down about 2.2%, and the Nasdaq Composite tumbling nearly 3.6%, erasing initial gains. The selloff was driven by a broader decline in technology stocks following Monday's

The House Ways and Means Committee is set to hold a hearing at 2 p.m. ET Tuesday afternoon to debate several cryptocurrency tax bills amid growing questions over how tax rules should apply to digital assets and whether the measures can attract bipartisan support. The hearing addresses proposals

Ethereum Store Value discussion intensified as industry participants questioned ETH’s long-term monetary role. Layer-2 expansion renewed debate over whether network growth directly benefits ETH demand and valuation. ETH lost key support levels, adding pressure to ongoing value capture dis

Ethereum Store Value discussion intensified as industry participants questioned ETH’s long-term monetary role. Layer-2 expansion renewed debate over whether network growth directly benefits ETH demand and valuation. ETH lost key support levels, adding pressure to ongoing value capture dis

Strategy reported holding 845,256 BTC valued at about $51.9 billion, representing 4.03% of Bitcoin's total supply, according to an updated snapshot shared by Michael Saylor. The company reported a 12.8% BTC yield year-to-date and a 9.7% BTC yield quarter-to-date, with Bitcoin trading near $61,410 at

The U.S. House Ways and Means Committee introduced six separate digital asset tax bills targeting staking rewards, mining income, small payments, and charitable donations, according to a post on X. The proposals will be reviewed during a congressional hearing on June 9, where executives from

The UK Financial Conduct Authority secured a confiscation order worth £452,286 against Daniel Pugh, a convicted fraudster who operated a £1.3 million Ponzi scheme from Devon using Facebook advertisements. The order was granted at Southwark Crown Court on June 5. Pugh, 36, is currently serving a

Dogecoin traded near $0.086 on June 9 after large holders accumulated more than 200 million DOGE in a single week, according to analyst Ali Martinez. The buying tested a $0.081 support level identified by Martinez as the lower-middle boundary of a five-year parallel channel guiding the token's

BlackRock launched the iShares Space Technologies UCITS ETF (ticker: STAR) for European investors, Bloomberg reported on June 9. The ETF tracks an index tied to the global space, satellite, and drone ecosystem. It can add newly listed companies within 10 to 30 days of their IPO through an

Metaplanet, Japan's largest publicly traded Bitcoin treasury company, is considering a share repurchase program after its market value dropped below its Bitcoin holdings in the past 24 hours, triggering an

Crypto funding surged 408% month-over-month to $3.5 billion in May 2026, according to data from Invezz. The total exceeded April 2026's roughly $690 million and marked one of the strongest months for crypto venture financing in more than a year. The rebound was driven by mega-rounds from

Nvidia posted its best quarter in company history on May 20, 2026, with Q1 FY2027 revenue hitting $81.6 billion—up 85% year-on-year and 20% quarter-on-quarter—yet the stock fell to its lowest level of the year, trading near $201.68 as of June 8, 2026. The disconnect between record financial

Ripple has been included in the Depository Trust & Clearing Corporation (DTCC) tokenization program through its Ripple Prime division, joining over 50 major financial institutions and technology providers in an initiative set to enter live production in July 2026. The program brings together

Apple shares fell 3% on Tuesday, one day after the company revealed new artificial intelligence software at its annual Worldwide Developers Conference. The decline followed Apple's announcement of Apple Intelligence frameworks for app developers, a new Siri AI version based on large language

Gold prices dropped below their 200-day moving average on Friday, prompting analysts to warn of potential further declines toward $4,000 support. Fawad Razaqzada, Market Analyst at FOREX.com, published a note Monday highlighting the significant chart damage and citing risk of testing major support a

Crypto exchange-traded funds recorded mixed flows on June 8, with ether ETFs gaining $82.37 million while bitcoin ETFs posted a $91.37 million net outflow. The negative bitcoin result stemmed from a single $232.92 million redemption from Blackrock's IBIT, which reversed gains across multiple other i