Gate Crypto Flash News and Market Updates

According to Jin10, on June 7, Illinois Governor J.B. Pritzker issued an order suspending tax incentives for data centers in the state, citing the state legislature's failure to advance his plan preventing data center energy costs from being passed to residents. The suspension does not affect

According to Matt Mena, senior crypto research strategist at 21Shares, Bitcoin could revisit $55,000 if the key $60,000 support level breaks on June 5. The $55,000 level aligns with Bitcoin's realized price and has historically held during major drawdowns, including the 2018 crash, March 2020

According to Russia's Defense Ministry, on June 6, Russian forces claimed to have taken control of Shevchenko settlement in Kharkiv region and struck 153 Ukrainian targets, including drone production and launch facilities, fuel infrastructure, and military deployment points. Ukraine's Armed Forces

According to Iran's Tasnim News Agency, Iraq's Prime Minister disclosed plans for a formal visit to the United States in the coming period. A delegation of Iraqi businesspeople and entrepreneurs will accompany him during the visit.

According to Israel's Channel 12, since the ceasefire with Lebanon began, Israeli military casualties have risen to 16 soldiers.

According to the Iranian Students News Agency, Pakistan's Army Chief of Staff Asim Munir recently sent a letter to Iran's Supreme Leader, which was received by Iran's Interior Minister.

Spot gold has given back all its gains since the start of 2026, as robust U.S. employment data reinforced market expectations for a potential Federal Reserve rate hike.

As of 2:30 AM close on the night session, Shanghai gold futures fell 2.93% to 949 yuan per gram, Shanghai silver futures declined 7.43% to 16,454 yuan per kilogram, and SC crude oil futures dropped 1.86% to 584 yuan per

According to Shanghai Gold Exchange, gold and silver prices declined in late-session trading on June 5. Gold (T+D) fell 2.49% to 947.77 yuan per gram, while silver (T+D) dropped 6.49% to 16,420.0 yuan per

According to Iranian media and Xinhua News Agency, residents near Hark Island in Iran reported hearing loud explosions on the evening of June 6.

According to the Israeli Defense Forces, the military struck southern Gaza overnight on June 6, killing a Hamas military commander. The military said the commander had been involved in planning multiple attacks against Israeli forces in recent days and posed a direct threat to Israeli operations in

According to Russia's Finance Ministry, the country's budget deficit expanded to 2.6 percent of gross domestic product in the first five months of 2026, up from 2.5 percent in April. The deficit reached 6 trillion rubles, compared with 5.9 trillion rubles

According to Bitcoin.com and X posts, Hunter Biden recently shared pro-cryptocurrency comments on social media that gained over 1.56 million views. In exchanges with Gmoney, General Partner at Delphi INFINFT, Biden stated "Fiat is a sham, the banking class is corrupt, decentralized digital currency

According to Jin10 Data, U.S. crude oil inventories fell for eight consecutive weeks as of June 7, reaching their lowest level since February 2024. Analysts and JPMorgan warn that oil prices may surge again in late June unless passage through the Strait of Hormuz normalizes. JPMorgan predicts crude

According to Microsoft researchers, on Friday, a vulnerability was discovered in Anthropic's Claude Code GitHub Action that could allow attackers to steal credentials stored in software development pipelines through prompt injection attacks. Attackers could hide malicious instructions in GitHub

According to U.S. President Trump, large quantities of oil are flowing into the United States.

According to the Intercontinental Exchange (ICE), in the week ended June 2, diesel speculators reduced their net long positions by 1,808 contracts, bringing the total to 52,000 contracts.

According to the Intercontinental Exchange (ICE), speculators reduced their net long positions in Brent crude oil by 26,220 contracts in the week ended June 2, bringing the total to 252,500 contracts.

Today, U.S. President Donald Trump said he would not object to whether Federal Reserve Chair Jerome Powell decides to cut interest rates. Trump's remarks indicate neutrality on the central bank's monetary policy

According to Cryptoquant metrics, Bitcoin in South Korea hit a 3.1% discount against the Korean won (KRW) on June 1, marking its deepest gap since February 2021. On that date, BTC traded at $68,573 locally versus $70,767 globally, a difference of $2,193 per coin. As of June 6 at 11:15 a.m. EDT, the