Search results for "FRONT"
14:54

Plans to invest $6 billion to enhance data centers, CoreWeave rises nearly 10%

According to Jinse Finance, Nvidia's holdings in CoreWeave (CRWV.US) rose nearly 10% on Tuesday. Since its listing on the U.S. stock market in March, the company's stock price has nearly tripled, now reported at $144.49. On the news front, CoreWeave stated that as the company expands its AI computing power infrastructure capacity across the U.S., it plans to invest up to $6 billion to build a large AI data center in Lancaster, Pennsylvania. Analysts pointed out that the ongoing explosive growth in global AI computing power demand, coupled with these tech giants continuously pouring huge sums into building large data centers, means that for long-term investors who are fond of Nvidia and the AI computing power industry chain, the global "AI faith" as a "super catalyst" for the stock prices of computing power leaders is far from over.
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03:19

Pumpfun makes a significant move on the eve of the IC0! Acquisition of the on-chain tracker Kolscan, aiming for the fusion of social and encryption.

Pumpfun announced its first acquisition of the on-chain wallet tracker Kolscan two days before the highly anticipated ICO, aiming to deeply integrate Crypto Assets trading, social media, and gamification mechanisms. This move will strengthen its front-end capabilities, reduce reliance on third parties, and generate momentum for the upcoming Airdrop and public sale of the $PUMP Token, targeting an FDV of $4 billion, set to launch on July 12. The project plans to share 25% of its revenue with Token holders, drawing attention to the lying in ambush and token economic model.
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01:28

NEAR (NEAR Protocol) increased by 7.94% in 24 hours.

Gate News Bot News, July 11, according to CoinMarketCap, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.52, rising 7.94% in the last 24 hours, with a high of $2.53 and a low of $2.10, and a 24-hour volume of $202 million. The current market capitalization is approximately $3.107 billion, an increase of $229 million compared to yesterday. NEAR is a modular high-speed protocol designed for AI, enabling AI to act, trade, coordinate, and evolve on behalf of users. On NEAR, AI interacts with users as the front end and executes intentions, while the blockchain handles identity, trust, and data as the back end. NEAR simplifies the blockchain user experience, with agents defining outcomes, while NEAR manages cross-chain routing, signing, and execution in the background. NEAR's dynamics
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NEAR-6.17%
04:08

Today's highest pump Crypto Assets forecast: PENGU, FARTCOIN, WAL front running market recovery.

The recovery of the Crypto Assets market has sparked investors' risk appetite for meme coins and Layer 2 (L2) alts. Meme coins based on Solana, such as Pudgy Penguins (Pengu) and Fartcoin (FARTCOIN), as well as the altcoin Walrus (WAL) based on SUI, have all outperformed the market in the past 24 hours. The technical outlook remains bullish, supported by key resistance levels or pattern breakouts.
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PENGU-7.67%
FARTCOIN-10.31%
WAL-2.8%
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01:19

DOGE price prediction: 1-hour chart shows a surprising golden cross pattern, with long positions targeting $0.20?

On July 3, local time, the leading meme coin DOGE ( DOGE ) saw a strong rise of 8%, currently priced at $0.174. Accompanying the price increase, its 24-hour volume surged by 142%, reaching $1.57 billion, indicating strong market interest. On the technical front, DOGE formed a key golden cross pattern on the 1-hour chart ( Golden Cross ), which typically signals that a strong short-term uptrend is about to begin.
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DOGE-6.04%
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07:39

NEAR (NEAR Protocol) rose 8.27% in the last 24 hours.

Gate News Bot news, July 3rd, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.34, with an 8.27% rise in the last 24 hours, reaching a high of $2.34 and a low of $2.02. The 24-hour volume has reached $211 million. The current market capitalization is approximately $2.88 billion, an increase of $220 million compared to yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at enabling AI to act, trade, coordinate, and evolve on behalf of users. NEAR is not just infrastructure; it is a foundation for a new type of internet where AI serves users. On NEAR, AI interacts with users as a front end and executes intentions, while the blockchain handles identity, trust, and data as the back end. NEAR provides developers with the tools to build.
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NEAR-6.17%
22:54

Demand for ceasefire erupts in front of the Israeli Prime Minister's office.

Jin10 reported on July 2 that on July 1 local time, dozens of protesters, including the families of those held by Israel, gathered outside the office of the Israeli Prime Minister, demanding a comprehensive agreement to ensure the release of those held and an end to the war. The protesters stated that the Israelis held in the Gaza Strip "should have been home a long time ago," and that the war in the Gaza Strip must end.
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02:49

Young drug dealers use virtual currency for "contactless" drug transactions and were ultimately arrested in Shanghai.

According to the Gate News bot, the Shanghai police have discovered a new method of drug trafficking during an investigation into a drug case. While searching the mobile phones of drug users, the police found photos of green belts marked in red, and they tracked the whereabouts of the drug dealer through road surveillance. The surveillance shows a man in black in front of the green belt.
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12:42

Blockchain intelligence company report: In the first half of 2025, losses from encryption attacks reached $2.1 billion, with infrastructure vulnerabilities as the main cause.

According to Gate News bot, Cointelegraph reported that the blockchain intelligence company TRM Labs has released a latest report indicating that losses from crypto assets attacks in the first half of 2025 could reach as high as $2.1 billion. Most of the losses stem from infrastructure vulnerabilities such as the leakage of private keys and front-end intrusions. The report indicates that 75 have occurred this year to date.
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11:20

In the first half of 2025, the amount of Crypto Assets stolen exceeded 2 billion dollars, with infrastructure security being a major disaster area.

PANews, June 27 - According to a report from The Block, the latest report from blockchain intelligence company TRM Labs indicates that in the first half of 2025, the cryptocurrency industry suffered losses of up to $2.1 billion due to hacker attacks, with over 80% stemming from vulnerabilities in infrastructure such as Private Key theft, mnemonic phrase hijacking, and front-end hijacking. The report pointed out that North Korean-related hacker organizations accounted for as much as 70% of the stolen amounts, mainly used to fund weapon projects. TRM Labs calls on the industry to strengthen multi-factor identification, Cold Wallet storage, and cross-border collaboration to jointly address the escalating security threats.
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09:39

The Pi Network team released 3 major updates before Pi2Day, but the price of Pi coin still fell.

In a message from Gate, on the eve of the highly anticipated Pi2Day (June 28) event, the core team of Pi Network (Pi) has released multiple innovations and significant updates in the past few days, ranging from Node enhancements to in-app account management, demonstrating their determination to advance the ecosystem's development. However, despite continuous progress on the technical front, the market price of Pi coin has not been spared from the effects of market Fluctuation, instead experiencing a fall. This raises the question of whether these major updates can reverse the downward trend of Pi coin, or if the market's recognition of its value still requires time.
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PI-4.56%
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07:17

Across Protocol is involved in a DAO manipulation scandal, ACX falls 10%.

Gate News bot reported that on Friday, the ACX Token of Across Protocol was impacted due to allegations of governance manipulation and insider trading. Previously, some community members on X claimed that core contributors were front-running the coin on CEX and still controlled the DAO, which was supposed to be decentralized. However, the team quickly denied any such allegations.
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ACX-8.2%
05:41

TRM Labs report: So far this year, $2.1 billion in stolen crypto assets have been reported, with 80% attributed to private key vulnerabilities and front-end protocol attacks.

Golden Finance reported that blockchain intelligence company TRM Labs stated that in the first half of 2025, losses in crypto assets due to attacks could reach as high as 2.1 billion USD, most of which were caused by the leakage of crypto private keys and front-end intrusions. TRM Labs released a report on Thursday indicating that of the 75 crypto asset hacker incidents that have occurred so far this year, over 80% of the stolen funds came from so-called infrastructure attacks. These types of attacks, on average, siphon off 10 times more funds than other types of attacks. The target of infrastructure attacks is the technical backbone of the system, with the aim of gaining unauthorized control, misleading users, or redirecting assets. They include hijacking the private key mnemonic phrases of crypto wallets or exploiting parts of the user interface of encryption protocols (i.e., the front end).
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03:06

Hong Kong stocks Victory Securities short-term pump rise over 150%

PANews, June 26 - According to a report by Jiemian News, Hong Kong stock Victory Securities (08540.HK) has experienced a short-term pump with a rise of over 150%. On the news front, according to Yicai, citing views from industry insiders directly involved in the virtual asset license application and system integration matters, several local Hong Kong brokerages (such as Victory Securities, ADE Securities, etc.) have completed the upgrade of license No. 1.
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07:35

BTC Rebound Returns Above $105,000, Market Risk Aversion Eases and Encryption Assets Rise Collectively

On June 24, news reported by 4E observations indicates that as of June 24, 2025, 14:00 (UTC+8), Bitcoin is priced at approximately $105,400, having risen 3.6% in the past 24 hours, strongly rebounding from the previous day's low of $99,000, with the technical rebound returning to the range of $105,000–$106,000. The crypto market sentiment is warming up, with Ethereum rising nearly 8% to $2,420, and the total market capitalization recovering to about $3.25 trillion, with trading volume increasing. On-chain data shows that institutions are gradually positioning themselves, long-term holders are publicly buying, while short-term speculators are taking the opportunity to exit. On the international front, the weekend's ceasefire news from the Middle East quickly eased market risk aversion. The US President announced a ceasefire agreement between Israel and Iran, leading to a general warming of global risk assets. US stocks rose, the dollar fell, and the financing environment improved. At the same time, the S&P 500 and Nasdaq both pumped nearly 1%, tech stocks.
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BTC-2.47%
05:48

Stablecoin concept stocks rose again in the afternoon, with Sifang Jingchuang rising over 10%.

According to Gold Finance, stablecoin concept stocks became active again in the afternoon, with Sifang Jingchuang rising over 10%, Youbuxun and Hailian Jinhui hitting the limit up, and Lakala, Huafeng Chaoqian, Advanced Digital Communication, Digital Verification, Chutian Long, and Jingbeifang among many stocks rising over 5%. On the news front, US stablecoin Circle continued to rise big by 20% last Friday, increasing over 6 times in 11 days since its listing.
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04:29

"Stop the Middle East War" American citizens rally to protest government airstrikes on Iranian nuclear facilities.

Jin10 Data, June 23 - On the 22nd local time, citizens gathered in front of the White House in the United States to protest against the U.S. attack on Iran's nuclear facilities. On that day, the protesters shouted slogans and held banners stating "Remember Iraq, no more wars based on lies," expressing anti-war demands and calling on the U.S. government not to interfere in Middle Eastern affairs. Some protesters indicated that the actions of the U.S. government violate the Constitution, have not received authorization from Congress, and also contravene international law.
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12:25

Aster has launched a hidden order feature to enhance on-chain transaction privacy.

Odaily News Aster has launched a hidden order feature, allowing users to conduct limit orders without exposing open order information. This feature is live on Aster Pro, and orders will not appear on the public order book before execution, avoiding slippage and front-running risks while retaining matching priority. Aster stated that this move aims to provide stronger privacy protection for high-frequency and high-margin trading, enhancing the decentralized perpetual futures trading experience.
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04:33

Largest-scale attack in 48 hours: Israeli military claims Iran has launched over 20 missiles at Israel.

Jin10 data June 19 news, on the morning of the 19th local time, the Israeli Home Front Command announced that missiles have been detected launched from Iran towards Israel. The Home Front Command has urged the public to quickly evacuate to shelters. Preliminary statistics from the Israeli side indicate that this round of attacks is the largest launched by Iran within 48 hours, using over 20 missiles. It is reported that at least one missile landed in central-southern Israel, and there are currently no reports of casualties.
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15:18

In response to the threat of assassination of Iran's Supreme Leader, the Iranian Mission to the United Nations speaks out.

On June 18, local time, the Permanent Mission of Iran to the United Nations issued a post on social platforms, strongly responding to the White House's remarks that the Iranian leader may be "purged", and reiterating that Iran will not negotiate with anyone under threat. The Iranian side said: "No Iranian official has ever asked to grovel in front of the White House." Even more despicable than his lies is his cowardly threat to 'purge Iran's supreme leader'. "Iran will respond to any threat with counter-threats and any actions with reciprocal measures," the article said. ”
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09:38

QCP: BTC has shown good resilience amid the Israel-Hamas conflict, with institutional buying providing support.

Gate News bot, QCP noted in its market analysis that despite escalating tensions in the Middle East, Bitcoin (BTC) has not yet shown signs of full-blown panic. Following the initial panic sparked by last Friday's Iran-Israel news, Bitcoin has recovered its losses, recovering from a weekly low of $102,800 to $107,000. Mainstream coin and U.S. stock index futures have seen similar rebounds. BTC's strong price action appears to be supported by continued institutional buying. Notably, Metaplanet and Strategy stuck to buying dips, while spot BTC ETFs recorded inflows for the seventh consecutive week. The market seems to have regained its footing, especially after BTC held above the key psychological mark of $100,000 despite the initial shock. Crucially, last Friday's small pullback of 3% pales in comparison to April last year, when BTC fell more than 8% amid similar Iran-Israel turmoil. More broadly, markets appear unusually calm in the face of rising geopolitical risks. BTC front-end implied volatility remains below 40, while the volatility index (VIX) hovers around 20. Given this background, both levels are at historically low levels. Inflows into U.S. Treasuries and large amounts of Asian government bonds underscore that markets have not yet fully shifted to safe-haven mode.
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BTC-2.47%
13:47

To prevent nighttime attacks from Iran, the Israeli military adjusts the timing of airstrike warning notifications.

Jin10 data reported on June 14th, local time on the 14th, the Israeli Home Front Command announced that it would adjust the warning time for Iranian ballistic missile attacks issued to local residents. According to the department's assessment, missile attacks against Israel may occur again that evening. The Home Front Command stated that it will issue a warning on its application 15 minutes before an expected attack, instructing civilians to stay near bomb shelters. Once an Iranian missile launch is detected, the department will issue a warning and use the community broadcasting system to instruct residents to enter the bomb shelters, where they should remain until further notice.
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00:34

Progress in Regulation and Innovative Development of the Crypto Market: Ant License Application, SOL ETF, and Regulatory Dynamics

Gate News bot message, according to the latest reports, Ant Group is applying for stablecoin trading licenses in multiple regions to expand its Digital Money business footprint. Meanwhile, the Solana ETF is expected to debut in the market in July. On the regulatory front, the chairman of the U.S. Securities and Exchange Commission (SEC) has expressed support for Decentralized Finance (DeFi). In addition, the U.S. has announced that the year-on-year consumer price index (CPI) for May, not seasonally adjusted, is 2.4%. Source: Wu Says News
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SOL-4.3%
09:10

QCP: The Israel-Hamas conflict and macro risks have impacted global sentiment, but Bitcoin remains relatively resilient.

Gate News bot news, QCP discussed the conflict between Israel and Iran in its latest market analysis, stating that market and macro risks have hurt global sentiment. The Asian market woke up to the dual impact of geopolitical escalation and digital disruption. Reports indicate that Israel launched a preemptive airstrike on Iran's nuclear infrastructure, resulting in the death of Iranian Revolutionary Guard commander Hossein Salami, which affected risk assets and shook global markets. As Iran vows to retaliate while Washington tries to distance itself, safe-haven funds dominate, driving a significant rise in oil and gold prices. The S&P 500 index futures fell below the critical psychological level of 6000 points, and cryptocurrencies were also caught up in this. Bitcoin (BTC) fell about 3%, while Ethereum (ETH) saw a larger decline of about 9%. Volatility surged, especially at the front end, as traders sought gamma exposure ahead of next week's Federal Open Market Committee (FOMC) decision. A decisive risk reversal occurred, with the volatility of BTC front-end put options currently exceeding that of equivalent call options by 5 times. This clearly indicates an increased demand for downside protection. Meanwhile, driven by concerns over the ongoing conflict between Israel and Iran, WTI crude oil prices soared by 11% during intraday trading. Given Iran's central role in global oil production, any escalation could choke off critical oil supply channels. This has heightened inflation concerns and tested the Federal Reserve's interest rate decision.
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BTC-2.47%
09:05

QCP Asia: Geopolitical conflicts escalate, dragging down the market, BTC falls by 3%

PANews June 13 report, according to QCP Asia analysis, Israel's airstrike on Iranian nuclear facilities and the death of Iranian Revolutionary Guard Commander Salami triggered a big pump in safe-haven assets, with oil and gold both rising, and S&P 500 futures falling below 6000 points, BTC down about 3%, ETH down 9%. The volatility in the crypto market soared, with the front-end put options premium for BTC reaching 5 volatility points, indicating strong demand for safe havens. Meanwhile, a massive internet outage in the United States impacted tech stocks, triggering over $1 billion in long positions liquidations in the crypto market. Nevertheless, institutional demand still supports BTC, DeFi Development.
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BTC-2.47%
10:04

International oil prices continue to rise.

Jin10 data on June 11 reported that both WTI and Brent crude oil continued to pump, with WTI crude oil breaking through $65/barrel, rising 1.74% for the day; Brent crude oil reached $67/barrel, rising 1.32% for the day. On the news front, Trump expressed weakened confidence in the Iran nuclear protocol.
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TRUMP-4.7%
09:26

QCP: The market narrative is shifting from "Bitcoin is digital gold" to "Ethereum is the RWA infrastructure layer," and ETH may迎来 structural outperformance.

BlockBeats News, on June 10, QCP released today's market report, "Bitcoin's rally was mainly boosted by the resumption of US-China trade talks in London. Although U.S. officials summarized the meeting with vague expressions such as "fruitful" and "good meeting" after the meeting, global risk assets generally entered a wait-and-see mode due to the lack of substantive breakthroughs. For now, the market is still in uncertainty territory. Investors remain cautious as US CPI data will be released tomorrow. The risk is that if the diplomatic situation continues to be ambiguous, it could gradually weigh on overall risk sentiment. Ethereum's implied volatility has risen, front-end at-the-money volatility has climbed to around 70%, and options market skew has also shifted significantly in a bullish direction, rising 5 to 6 percentage points. The high funding rate of perpetual contracts further strengthens the bullish atmosphere in the market. The inflow of funds into ETFs shows that institutions are thriving
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ETH-2.33%
BTC-2.47%
RWA-5.02%
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09:20

QCP: Bitcoin remains in an uncertain state as Ethereum quietly regains narrative dominance.

Gate News bot, QCP noted in its market analysis that Bitcoin (BTC) led the rally overnight, surging from $107,000 to over $110,000 as trade talks between China and the United States restarted in London. The move was initially driven by optimism, following news of progress in the talks, but market enthusiasm quickly faded. Despite vague acknowledgments by U.S. officials about the progress of the talks, with words such as "fruitful" and "good talks" rifting the rhetoric after the talks, global trading in risk assets was suspended due to the lack of a substantive breakthrough. At the moment, the market is still in a state of uncertainty. Investors are cautious as the US Consumer Price Index (CPI) data will be released tomorrow. Continued diplomatic ambiguity could turn into resistance to broader risk sentiment. Meanwhile, Ethereum (ETH) is quietly reclaiming narrative dominance as Bitcoin reacts to the macropolitical landscape. Ethereum's implied volatility has climbed, with front-end at-the-money volatility rising to more than 70 points, while option tilt has shifted sharply to bullishness, rising 5 to 6 points. The rise in the perpetual funding rate reinforces the bullish tone.
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BTC-2.47%
ETH-2.33%
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09:34

QCP: Bitcoin lacks the narrative to drive the next round of rise, signs of weakness are emerging.

Gate News bot, QCP pointed out in its latest market analysis that as summer approaches, BTC prices fluctuate in a narrow range, and implied volatility continues to be under pressure. While implied volatility is at a one-year low, actual volatility is even lower. Historical data over the past two years suggests that front-end volatility tends to slip further in July. We also saw this pattern in the same period last year, when 1-month ATM volatility plummeted from 80% in March to 40% in July, coinciding with BTC's repeated failures to break through the $70,000 mark. A drop below $100,000 or above $110,000 could reignite broader market interest, but we currently don't see a clear catalyst to drive this move in the near term. The recent macro news has triggered a knee-jerk reaction in the market, but these reactions have mostly been seen as noise and quickly faded away enough to trigger a directional breakout. Even with Friday's stronger-than-expected jobs report, US equities rallying and gold selling off, Bitcoin remained unmoved and struggled with a headwind that lacked clear macro support. Signs of weakness are emerging in the absence of a convincing narrative to drive the next rally. Perpetual contract holdings are weakening, and inflows into spot Bitcoin ETFs are starting to decrease.
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BTC-2.47%
20:15

Thailand and Cambodia agree to adjust military deployments to ease border tensions.

On June 9, Thai Prime Minister Petuntan said on the 8th that Thailand and Cambodia had agreed to adjust the deployment of troops at the disputed border site where the conflict occurred at the end of last month to ease tensions. On the same day, Hun Sen, chairman of Cambodia's ruling People's Party and chairman of the Senate, also said that it was necessary to adjust the military forces in the conflict zone. In a social media post, Petuntan said that after discussions with the Cambodian side, the two sides agreed to adjust the deployment of troops at the disputed location to reduce the atmosphere of confrontation. The two sides have maintained communication at all levels and worked hard to bring bilateral relations back to normal at an early date. Hun Sen posted on social media on the 8th that in order to avoid large-scale conflicts, it is necessary to adjust the military forces in the Cambodian-Thai conflict area. Efforts at all levels, from the Government to front-line military commanders, to find solutions through dialogue, are now bearing fruit.
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10:08

Russian media reported that the Russian military killed and injured hundreds of Ukrainian troops in Kharkiv.

Golden Ten Data on June 7, local time on June 7, according to RIA Novosti, Sergei Lebedev, coordinator of pro-Russian underground organizations in the Nikolaev region of Ukraine, said that the Russian army killed and wounded hundreds of Ukrainian military personnel in the operation against Kharkiv, Ukraine. Lebedev said that the Ukrainian army in the Kharkiv direction suffered heavy losses. He said that hundreds of militants were killed, and the Russian army successfully struck the communications and logistics systems of the Ukrainian side, disrupting the rotation of its troops and the supply of weapons on the front line. Earlier in the day, the mayor of Kharkiv, Ukraine, Terekhov, reported that the city of Kharkiv was attacked by Russian troops in the early morning of the 7th, killing 3 people, injuring 21 people, and damaging 18 apartment buildings and 13 private houses.
18:49

TSL intraday fall over 11%

BlockBeats news, on June 6, Tesla (TSLA.O) fell more than 11% during the day. On the news front, Musk and Trump continue to "spar" from a distance. (Jin10)
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09:08

QCP: Without a clear catalyst, Bitcoin is unlikely to break out of the current range significantly.

Gate News bot, QCP said in its latest market analysis that the unexpected increase in the number of job openings ahead of Friday's key non-farm payrolls data boosted risk sentiment, and the S&P 500 index approached the psychologically important threshold of 6,000 points. Stable non-farm payrolls data will reinforce the Fed's rhetoric about the resilience of the labor market and reinforce expectations that interest rates will remain unchanged. On the trade front, markets remain on the sidelines ahead of the expected US-China talks. Bitcoin's front-end volatility has retreated, with the spot price hovering around the familiar $105,000. BTC continues to be range-bound, with thin positions and normalized skewness, indicating a lack of directional belief. Since May, the volatility curve has flattened from mid to late periods, echoing a similar decline in the Volatility Index (VIX) and sparking opportunistic long Vega trades. Notably, the premium on the $130,000 call option has risen to 47v in September, suggesting that there will be some upside in the market heading into Q3. Looking ahead, the third quarter is likely to be more challenging. Tariff-related impacts are likely to start to trickle down into macro data, while fiscal risks around the Big Beautiful Act (BBB) and the debt ceiling could create potential overall volatility. In the absence of a clear catalyst, Bitcoin is unlikely to break out of the current range significantly.
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BTC-2.47%
07:20

Paradigm CTO discusses cross-chain interoperability technology with Vitalik

Gate News bot message, Paradigm CTO Georgios Konstantopoulos posted on the X platform discussing the current state of cross-chain interoperability technology. He pointed out that breakthroughs have been made at the infrastructure level for cross-chain interoperability, but it currently faces three key challenges: integration at the Wallet layer, price difference optimization during large-scale operations, and latency control. Konstantopoulos categorized these challenges into two directions: front-end technology and market-making technology. Ethereum founder Vitalik Buterin responded to this, emphasizing that cross-chain interoperability needs to achieve the same censorship resistance, trustlessness, and no intermediaries as L2 internal operations. He proposed the "no degradation principle," requiring that new mechanisms must maintain the core attributes of ETH transfers on L1. Source: Wu Shuo
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ETH-2.33%
07:01

Vitalik: L2 cross-chain must possess three key characteristics: censorship resistance, Trustless, and no intermediary.

Georgios Konstantopoulos, CTO and General Partner of Paradigm, posted on the social platform: "My view is that the interoperability of x-chain is actually solved at the infrastructure layer, and there are three main problems: 1. Perfect integration of the wallet layer2. Perfection of Large-Scale Communication3. The perfection of latency at scale is (1) a matter of front-end skills, and (2) and (3) is a matter of market maker skills. In this regard, Vitalik Buterin, co-founder of Ethereum, said: "I don't think this problem can be solved unless cross-L2 operations can be as censorship-resistant, trustless, and disintermediary-free as L2 internal operations." I call this the 'no-regression principle': we can't do it unless something new has the core properties of the original ETH transfer on L1. ”
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ETH-2.33%
01:35

The Hong Kong "Stablecoin Ordinance" officially becomes law, and A-share stablecoin concept stocks are active at the start.

Gate News bot message, A-share stablecoin concept stocks were active at the beginning of the trading session, Cuiwei Co. and Hengbao Co. both hit the daily limit, Xiongdi Technology rose over 10%, and Hailian Jinhui, Chutianlong, and Feitian Chengxin all opened higher. On the news front, the Government of the Hong Kong Special Administrative Region published the "Stablecoin Ordinance" in the gazette on May 30, which means the "Stablecoin Ordinance" officially became law.
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A-7.85%
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