Gate Cryptocurrency News and Market Analysis

Zcash founder Zooko Wilcox disclosed on X on June 5 that security researcher Taylor Hornby found a severe forgery vulnerability in the Zcash Orchard pool on May 29 that allows unlimited minting of ZEC, with the fix completed on June 2. Due to Orchard’s privacy properties, it’s not possible to determine cryptographically whether the vulnerability had already been exploited before it was patched. Vulnerability technical details: Opus 4.8 aided discovery of insufficient elliptic curve multiplicatio

Pi Network (PI) was temporarily trading at $0.1278 on June 5, down 5.7% over the day. In June, more than 163 million PI tokens are scheduled to be released into circulation, including an expected unlock of approximately 16 million PI tokens on June 11. Pi Network plans a major protocol upgrade in June, with June 8 marked by traders as an important observation date before the unlock. June Token Unlock Plan: 163 Million Tokens Already Scheduled, June 11 Is the Daily Peak Confirmed figures for Pi N

Ripple announced on X on June 4 that its U.S. dollar-backed stablecoin Ripple USD (RLUSD) can now move natively across blockchain ecosystems through Wormhole's Native Token Transfers (NTT). The expansion strengthens RLUSD's role in cross-border payments, institutional on- and off-ramps, and

South Korea's Financial Intelligence Unit (FIU) under the Financial Services Commission met with digital asset exchange representatives on the 4th to announce a regulatory direction change regarding overseas cryptocurrency transfers. Instead of imposing mandatory suspicious transaction reporting

Quantinuum (QNT), a quantum computing company, completed its Nasdaq listing on June 4. The final price was $60 per share, above the previously announced $53 to $55 pricing range. The offering size was expanded to 28 million shares, raising $1.68 billion. Bloomberg, citing people familiar with the matter, confirmed that IPO subscription demand was more than 20 times the offering size, even though the company’s Q1 revenue fell 73% year over year. IPO Pricing and Trading Performance: Confirmed Figu

ANET 6/4 closed at $166.01, down 4.8% from the previous day. Within the past three months, insiders sold about $314.9 million worth, with no buys. TTM P/E is 56.9x, above the five-year average of 41.1x; expected at about 45.8x. GF Value is $136.95, a 21.2% premium to the current price. GF Score is 97/100, with financials, earnings, and growth all scoring full marks; valuation 5/10 and momentum 9/10.

Bitcoin (BTC) has not yet recovered from its ups and downs, trading around $63,260 as of June 15. According to Bloomberg, a key committee of the U.S. House of Representatives is preparing legislation to build a cryptocurrency tax framework. With the listing of Grayscale HYPG ETF, the U.S. HYPE spot ETF recorded a total net inflow of $12.1494 million on a single day. Macro Events & Crypto Hotspots 1、According to a Bloomberg report, the U.S. House Ways and Means Committee is preparing legislation

US Bitcoin spot ETFs recorded 13 consecutive trading days of net outflows from May 15 to June 3, according to Farside Investors. The cumulative net outflow over the 13-day period totaled $4.3618 billion. BlackRock's iShares Bitcoin Trust (IBIT) led the exodus with $3.282 billion in outflows. The

Atlas Capital CEO Reza Bundy told CoinDesk on June 4 at the Proof of Talk conference in Paris that Bitcoin’s estimated drop over the next six months could reach 70%, with a target price range of $26,000 to $30,000. He also said that in the long run, Bitcoin will reach $150,000 to $500,000, depending on the direction of the global economy. Bundy’s Four Long-Term Economic Scenarios and Bitcoin Price Targets The four long-term scenarios and their corresponding Bitcoin price targets listed by Bundy

XRP Ledger Operations announced on X on June 4 that XRP Ledger version 3.2.0 will be deployed to the mainnet, and the core server software will be renamed from “rippled” to “xrpld.” All infrastructure providers, validators, and node operators must complete system updates before migrating to the new XRPL mainnet; the development team confirmed that a detailed technical migration guide is being prepared. 3.2.0 Renaming Details and Mandatory Upgrade Requirements The CLI (command-line interface) has

According to Coin Metrics data, Bitcoin fell 13% this week, marking the largest single-week drop since February; SoSoValue data shows that Bitcoin ETFs have posted net outflows for the 13th consecutive trading day, setting the longest consecutive outflow streak since they launched in January 2024. Total ETF assets fell from $107.8 billion on May 14 to $82.8 billion. Bitcoin Core Market Data Bitcoin weekly decline: 13% (Coin Metrics data) Bitcoin ETFs in consecutive net outflows: 13 trading days,

Coinbase and Better Home & Finance Holding Company announced on June 4 the funding of the first Fannie Mae-backed mortgage supported by bitcoin collateral in the United States. Borrowers can pledge bitcoin or USD Coin (USDC) to finance a down payment while retaining their crypto holdings. The

Zcash (ZEC), a privacy-focused cryptocurrency, disclosed a critical vulnerability on June 4 that could have allowed unlimited counterfeit coin creation in its Orchard Pool privacy transaction area. Security researcher Taylor Hornby discovered the flaw on May 29 using Anthropic's Opus 4.8 AI model

Merlin, Inc. (MRLN) stock surged 25% in after-hours trading Thursday. The company announced successful completion of the Critical Design Review (CDR) for its C-130J transport aircraft autonomy program under contract with the U.S. Special Operations Command (USSOCOM). The milestone validates the auto

Global central banks resumed net gold purchases in April, acquiring 17 tons according to World Gold Council data. This marked a sharp reversal from March, when nearly 30 tons were net sold due to factors including significant selling by Turkey. The turnaround comes as gold's share of global

Adecoagro, a Tether-owned agricultural company managing over 500,000 hectares across Latin America, announced the launch of a sugarcane-powered bitcoin mining farm in Mato Grosso do Sul, Brazil, with operations set to begin July 1st. Project manager Matheus Lechuga presented the initiative as part o

S&P will maintain its existing index inclusion rules ahead of SpaceX's initial public offering next week, declining to adjust requirements that would have allowed earlier entry into the S&P 500 benchmark. The decision preserves the current 12-month seasoning period and 10% float requirement,

CrowdStrike CEO George Kurtz said on CNBC's Mad Money Thursday that concerns surrounding AI-powered cyber threats are becoming a growing tailwind for the company, but the timing of Anthropic's Mythos breakthrough in mid-April came too late to significantly impact the first quarter, which ended at th

Pred, a peer-to-peer sports trading exchange built on Base blockchain, opened public access on June 4 following an eight-week private beta that generated $5 million in notional volume. The platform launch is timed for the opening match of the 2026 FIFA World Cup to onboard mainstream sports