Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Iran is hit by US and Israel airstrikes! Bitcoin drops sharply, approaching $63,000

Iran is hit by US and Israel airstrikes! Bitcoin drops sharply, approaching $63,000

After the United States and Israel conducted airstrikes on Iran, Bitcoin dropped about 3% within a few hours, approaching $63,000, the lowest since February. This event marks an escalation in tensions between the US and Iran, and Bitcoin, as a liquidity asset traded around the clock, has become an immediate reflection of geopolitical concerns. If the conflict intensifies, it could impact global energy prices and supply chains, further affecting the performance of risk assets.

Bitcoin funding rates turn fully negative, analyst: short squeeze conditions are gradually taking shape

Bitcoin perpetual futures funding rates turn negative, indicating a bearish market dominance. Analysis suggests that if the macro environment improves, it could trigger a short squeeze and push prices higher. Retail trading is active, but whale movements point to the opposite market sentiment, requiring a comprehensive analysis of multiple indicators to assess market trends. Bitcoin is currently consolidating around $68,000, down 46% from its all-time high.

Trump Media considers spin-off listing! The future of the crypto ETF plan remains a mystery

Trump Media is considering spinning off its social media platform Truth Social into an independent publicly traded company to create shareholder value. The fate of the cryptocurrency plans after the spin-off is unclear, and the market is paying close attention. DJT stock did not rise after the announcement; instead, it fell about 2.10%, indicating a lack of market confidence.

Former Mt. Gox CEO proposes a Bitcoin hard fork to recover $5.2 billion

Former Mt. Gox CEO Karpelès proposes a hard fork of Bitcoin to recover approximately 79,956 Bitcoins stolen in 2011. The proposal suggests adding consensus rules to allow funds to be returned to creditors through court proceedings, but it faces concerns about undermining Bitcoin's immutability and the risk of chain splits. This proposal is currently mainly to spark discussion and has not been implemented.

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Hyperliquid Unveils HIP-6 Token Auctions

Hyperliquid's HIP-6 proposal introduces Continuous Clearing Auctions for permissionless token launches, enhancing fundraising and price discovery. It includes built-in safeguards, a fee structure for liquidity, and is designed to prevent price manipulation while streamlining the auction process for teams.
UNI-3,68%
SOL-2,48%
CryptoFrontNews·Just Now

[Midnight Market Briefing] Cryptocurrency market fluctuates... Bitcoin $64,449, Ethereum $1,888

The cryptocurrency market is experiencing a downward correction, with Bitcoin and Ethereum falling by 2.20% and 2.86% respectively. The performance of mainstream altcoins is mixed. The total market capitalization is approximately $2.23 trillion. Both the DeFi market and stablecoins have seen slight declines. Strategically, it is necessary to consider whether the decline should be viewed as a buying opportunity.
ETH-2,61%
BTC-2,04%
XRP-2,42%
BNB-1,58%
TechubNews·24m ago
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