Gate Cryptocurrency News and Market Analysis

The House Ways and Means Committee circulated seven cryptocurrency tax bill proposals ahead of a hearing scheduled for June 9. The bills address taxation of stablecoins, staking, mining, and transaction tax thresholds, aiming to provide clarity as cryptocurrency regulation takes center stage in

Corporate America is adopting model routing to control artificial intelligence spending, as CFOs and boards crack down on inefficient AI costs. The shift addresses a problem that emerged after two years of defaulting to the most powerful AI models for all queries regardless of complexity. AI bills a

Apple heads into next week's Worldwide Developers Conference with Tim Cook presiding over his final developer event as CEO, as the company prepares to unveil a major Siri overhaul. The expected centerpiece is a more powerful version of Siri with a standalone chatbot-style app, personal context, on-s

BNB cleared a major resistance region after months of consolidation and range-bound trading activity. Trading volume surged over 131%, supporting the breakout and strengthening bullish market structure. Buyers defended pullbacks effectively, keeping momentum intact above newly reclaimed s

BNB cleared a major resistance region after months of consolidation and range-bound trading activity. Trading volume surged over 131%, supporting the breakout and strengthening bullish market structure. Buyers defended pullbacks effectively, keeping momentum intact above newly reclaimed s

Revolut co-founder Vlad Yatsenko will step down as chief technology officer on July 1 and transition to a non-executive director position on the board, the fintech company confirmed. Donato Lucia, currently Revolut's head of technology, will replace Yatsenko with the new title of vice president of t

SUI returned to a historic demand region where previous accumulation preceded a major rally toward cycle highs. Buyers continue defending support despite weak sentiment and persistent pressure from long-term resistance. Rising trading activity and repeated rebounds suggest demand

SUI returned to a historic demand region where previous accumulation preceded a major rally toward cycle highs. Buyers continue defending support despite weak sentiment and persistent pressure from long-term resistance. Rising trading activity and repeated rebounds suggest demand

Securitize announced on Friday that the U.S. Securities and Exchange Commission declared its S-4 Registration Statement effective, advancing the firm's proposed merger with Cantor Equity Partners II (Nasdaq: CEPT) toward a shareholder vote on June 29. The registration approval enables the SPAC merge

Crypto Market Reset removed over $500 billion from digital assets within 25 days as broad selling pressure spread market-wide. Bitcoin saw a decline of over $400 billion during the correction as it headed towards the $61,000 price level. Despite dwindling liquidity conditions, the major a

The Hong Kong Monetary Authority formed an expert group to support tokenized bond development, including JPMorgan Securities, HSBC, Standard Chartered Bank, UBS, Ant Digital, and HashKey Group. The group held its first discussions in May, focusing on legal and regulatory frameworks for tokenized bon

Bitcoin briefly dropped below $60,000 on June 5, marking the first time the cryptocurrency fell beneath that level since October 10, 2024. The decline occurred amid a broader risk-off selloff across financial markets as investors reacted to strong U.S. employment data and persistent fund outflows. B

The Crypto Council for Innovation launched the Vault Coalition on Friday, with backing led by Galaxy and Morpho, alongside BitGo, a16z, the Avalanche Policy Coalition, and Sharplink. The coalition aims to push for regulatory clarity on crypto vaults, which are subject to regulatory ambiguity

Rep. Brad Sherman (D-CA-32) opposed government stablecoin payments during a Thursday House Financial Services Committee hearing, stating they would 'sanctify an alternative to the U.S. dollar' designed to 'facilitate a tax-evasion economy.' His rebuke followed National Credit Union Administration

Reid Hoffman, LinkedIn co-founder, informed Microsoft's board on Tuesday of his decision not to run for reelection as a director, ending a tenure of almost a decade. Hoffman will remain on the board until Microsoft's annual meeting at the end of the year. The departure allows Hoffman to focus on his

Cypherpunk Technologies shares tumbled 37% on Friday as concerns over a Zcash privacy bug hit the Winklevoss-backed firm. The company, which holds $102 million worth of Zcash, saw its stock price fall to 59 cents amid a broader selloff triggered by the disclosure of a four-year-old vulnerability in

Ethereum powers smart contracts, DApps, and NFT ecosystems through strong developer adoption. Polkadot connects blockchains through parachains, improving interoperability, scalability, and network efficiency. Stellar enables fast cross-border payments with low costs and energy-efficient t