Gate Cryptocurrency News and Market Analysis

The Commodity Futures Trading Commission proposed a rule June 10 defining sports event contracts as gaming while permitting nearly all of them, opening a 90-day comment period on a 267-page framework that would give prediction markets a written federal rulebook for the first time. The proposal

OpenAI is considering slashing token prices for developers and enterprises, per the Wall Street Journal, in anticipation of similar cuts from Anthropic. The discussions come as both companies filed confidentially for IPOs this month, with neither having turned a profit. The pricing consideration

CNBC's Jim Cramer warned Thursday that SpaceX's stock could soar to unsustainable levels when it begins trading Friday. Elon Musk's rocket and artificial intelligence company set a fixed IPO price of $135 per share, equal to a $1.77 trillion valuation, with the deal reportedly four times

EchoStar Corporation (SATS) shares closed nearly 11% higher on Thursday, recording the stock's best single-day performance this year, as investor attention focused on the company's exposure to SpaceX ahead of the satellite firm's initial public offering. The surge stems from a major spectrum

Hedgeye has filed for a Hedged Bitcoin ETF that combines exposure to spot Bitcoin ETFs with an options overlay designed to reduce volatility and manage downside risk. Bloomberg ETF analyst James Seyffart flagged the filing, describing it as a new attempt to package Bitcoin exposure in a more

Bitcoin and ether exchange-traded funds recorded combined net outflows of $249.44 million on June 10, extending a four-day losing streak for Bitcoin products. Bitcoin ETFs lost $213.85 million, led by Blackrock's IBIT with $148.47 million in withdrawals, while ether ETFs shed $35.59 million as Black

UK Prime Minister Keir Starmer pledged Thursday to deliver an unprecedented increase in defence spending after three government officials resigned over a funding dispute. Defence Secretary John Healey quit on 11 Jun 2026, followed by ministerial aide Pamela Nash and defence minister Al Carns, all ci

SpaceX's Starlink satellite internet division has 10.3 million consumer broadband customers, more than doubling over the past year, as the company prepares for the largest IPO on record targeting a $1.77 trillion market cap. The division is SpaceX's biggest by revenue and its only profitable

Chris Seedor, co-founder and CEO of Bitsurance, spent 1,500 bitcoin on a graphics card in 2011, a purchase now worth more than $90 million. Seedor received the bitcoin from a friend while he was a university student in Germany and did not initially see value in the digital currency. Fifteen years

John O'Farrell, who resigned from Andreessen Horowitz in 2025 after nearly 15 years at the firm, published an op-ed on Thursday criticizing AI industry political spending and describing efforts to thwart artificial intelligence regulation as a "huge mistake." O'Farrell's stern message, published in

Ripple CEO Brad Garlinghouse criticized JPMorgan CEO Jamie Dimon's opposition to the Clarity Act during a Fox Business interview with Maria Bartiromo, the same host Dimon spoke with at the end of May. Garlinghouse accused Dimon of misrepresenting the pending crypto regulatory bill, stating Dimon's c

Crane Zeng published a report on Thursday claiming U.S. users drove between $11 billion and $34 billion in trading volume on offshore prediction market platforms like Polymarket and Myriad Markets, despite geo-fencing restrictions designed to block American access. The boutique consulting firm

JPMorgan Chairman and CEO Jamie Dimon praised Mexico's economic future during a meeting with President Claudia Sheinbaum at the National Palace on Tuesday. The discussion focused on the favorable outlook for Mexico's economy, the strength of bilateral relations, and the North American trade

Dogecoin is trading around $0.084 and has declined 57% over the past year as investor enthusiasm fades and market narratives weaken. The cryptocurrency's struggles coincide with discussions about SpaceX's upcoming IPO, which seeks a valuation approaching $1.75 trillion according to the company's

Microsoft President Brad Smith published a 3,000-word essay responding to graduates who disrupted commencement speeches this spring by booing mentions of artificial intelligence. Smith wrote the essay after returning from Princeton's reunion weekend, calling the reactions a "powerful wake-up call

Nakamoto Inc., the Nashville-based Bitcoin company operating a BTC treasury and Bitcoin Magazine, announced Thursday it sold approximately 600 BTC and related derivative positions for about $48 million in net proceeds to reduce outstanding debt by $45 million while authorizing a $25 million share

LG Electronics is building a new blockchain on Arbitrum, the Ethereum scaling solution, driving Arbitrum's native ARB token up over 5% on the day. Fortune reported the development on Thursday, citing representatives from LG and Arbitrum. The network is designed to support advertising and