core

The Bank for International Settlements (BIS) warned in its latest annual report that the bursting of the AI bubble, a rebound in inflation, and sovereign debt pressures are the three core risks currently threatening global economic prosperity. The report pointed out that if the returns on investment in the AI sector fall short of expectations, it could lead to the current capital expenditure boom evolving into a long-term investment contraction, triggering significant macroeconomic turbulence.The BIS specifically cautioned about the complex "circular financing" model within the AI industry chain, such as cross-shareholding and computing power binding procurement agreements between chip manufacturers and AI laboratories or cloud service providers. The institution emphasized that such transactions often lack transparency and pose the risk of the same asset being mortgaged multiple times. In addition, energy shocks caused by geopolitical conflicts could trigger a secondary rebound in inflation, compounded by high-leverage arbitrage trading by hedge funds in the government bond market, which would further exacerbate the fragility of the global financial system.

CryptoQuant analyst Axel Adler Jr. released a report indicating that Bitcoin's realized net profit and loss (90-day MA) has been negative for the fifth consecutive month, with the current reading at -203.2 million USD. This means the market is systematically locking in losses, consistent with the early stages of past bear market cycles.However, the cost basis of the holder group shows that the core support is in the range of 48,000-56,000 USD. From the cost basis of various groups, whales (over 10,000 coins) are at 48,100 USD, small addresses (10-100 coins) are at 47,800 USD, and large wallets (1,000-10,000 coins) are at 56,500 USD, all still below the current price. Only the 100-1,000 coin group (65,700 USD) is in a loss position, which is the main source of current loss selling.Adler pointed out that this contrasts with the complete capitulation in 2022, when almost all groups fell below their cost basis. The current market shows a controllable decline rather than a capitulation pattern, with the main risk being a breakdown of the 48,000-56,000 USD support range. If this range is lost, it will push more holders into losses, opening up deeper downward space.

According to Jinshi reports, Federal Reserve's Goolsbee stated that if the rise in core CPI is driven by the service sector, it would concern me more than if it were driven by goods or oil-related items.

According to Jinshi, the annual core PCE price index in the United States for May recorded 3.4%, meeting market expectations, marking a new high since October 2023.

According to Jinshi reports, "Federal Reserve mouthpiece" Nick Timiraos stated that some forecasters converting U.S. PPI and CPI data into May PCE expect that the U.S. core PCE will record a strong reading, with a significant gap compared to CPI. It is anticipated that when announced on Thursday, the year-on-year growth rate of core PCE will reach 3.4%.

According to the official announcement, Gate has released the latest reserve report. As of June 22, 2026, the overall reserve coverage of the platform reached 115%, significantly higher than the industry safety benchmark of 100%. The reserves cover nearly 500 different types of user assets, continuously ensuring the safety of user assets through a verifiable mechanism.In terms of core assets, the BTC user asset scale increased from 17,216 coins in the previous report to 19,054 coins, corresponding to a platform reserve of 25,292 coins, with an excess reserve ratio of 32.73%; the ETH user asset scale is 344,935 coins, corresponding to a platform reserve of 423,960 coins, with an excess reserve ratio reaching 22.91%. For stablecoins, the USDT user asset scale is 1.418 billion coins, with a platform reserve of 1.432 billion coins, resulting in an excess reserve ratio of 1.00%; the USDC user asset scale is 89 million coins, with a platform reserve of 117 million coins, achieving an excess ratio of 30.75%; the USD1 user asset scale increased from 6.82 million coins in the previous report to 712 million coins, with a platform reserve of 782 million coins, resulting in an excess ratio of 9.87%. Notably, the GUSD user asset scale increased from 108 million coins in the previous report to 185 million coins, with a platform reserve of 319 million coins, achieving an excess ratio of 72.81%.In addition, the reserve ratios for major assets such as GT and XRP are also significantly above the 100% reserve standard, reaching 134.18% and 116.92%, respectively. The latest reserve report from Gate shows that its core asset reserve scale remains robust, providing strong assurance for the safety of user funds and the stability of platform operations.

Trent Van Epps, the former core development coordinator of the Ethereum Foundation, stated that as the foundation continues to advance its "Subtraction governance" strategy, the size of the treasury gradually shrinks, and the four-year Client Incentive Program (CIP) expires this April, the Ethereum core development ecosystem may face a slowly brewing funding crisis in the next 3 to 9 months.Trent pointed out that maintaining the normal operation of over 10 Ethereum client teams, research institutions, and coordinating organizations requires approximately $30 million in funding support each year. If funding continues to be insufficient, it may lead to the loss of key developers, a slowdown in protocol upgrades, and weaken Ethereum's long-term competitiveness in areas such as scalability, quantum computing defense, and network maintenance. The Ethereum Foundation is not designed to be a permanent governor, and new institutions will need to take on the responsibilities of protocol development over the next decade. As the foundation's influence gradually declines, the Ethereum ecosystem urgently needs to establish new funding allocation mechanisms, governance frameworks, and institutional inheritance systems to ensure the long-term sustainable development of the protocol.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $75,000 in the "Switzerland vs. Bosnia and Herzegovina - More Markets" event, specifically on the "Both Teams to Score" outcome. Based on the current transaction price, the latest corresponding win probability for this bet is 51%.

According to CoinGlass data, BTC is currently priced at $64,061.4, with a total spot trading volume of approximately $6.558 billion, of which Gate's trading volume is about $1.143 billion, ranking among the top three in the market.As for ETH, it is currently priced at $1,733.32, with a total spot trading volume of approximately $2.960 billion, of which Gate's trading volume is about $481 million, ranking among the top three in the entire network. Meanwhile, the total contract trading volume for ETH is approximately $51.467 billion, with Gate's trading volume at about $6.540 billion, ranking third. Despite the short-term market correction, Gate continues to maintain a leading position in trading depth and liquidity performance in the BTC and ETH spot and derivatives markets.

According to official news, Tether announced that after evaluating user activity, market demand, and the company's overall strategic priorities, it will gradually stop supporting the Alloy by Tether platform and aUSD₮. Effective immediately, the platform will close the functions for opening new positions and minting new aUSD₮. Existing users can still return aUSD₮ and withdraw the gold stablecoin XAU₮ within the next three months. Starting from September 17, 2026, users who have not completed the return will no longer be able to retrieve XAU₮ through the platform. Tether stated that it will subsequently focus resources on XAU₮ and other core products within the ecosystem.

According to Jinshi News, Lombard Odier's macro chief Florian Ielpo believes that market trends reflect a repricing of the Federal Reserve's credibility and independence. Inflation has clearly become the core of the Federal Reserve's response mechanism again, and someone is at the helm of this. He pointed out that the Federal Reserve "has adjusted its tone, with information being more concise and more instructive, no longer emphasizing any dissent—most of the wording from previous statements has been discarded, which should be seen as a small monetary policy revolution."

According to Jinshi News, Rajappa, the head of U.S. research at Societe Generale, stated that core inflation will become a real concern for the Federal Reserve.

According to Jinshi reports, analyst Matthew Weller believes that FOMC Chairman Kevin Walsh's first Federal Reserve meeting is expected to keep interest rates unchanged, but the Summary of Economic Projections (SEP), the "dot plot," and the content of the press conference may significantly reshape the market's expectations for the future path of interest rates. The dollar index DXY 99.5 is seen as a key "watershed," which may determine the technical trend of the dollar this week and in the longer term.

Global technology company Electric Soul (EST) has disclosed the latest progress in its global deployment. As of June 2026, the company has deployed tens of thousands of standardized commercial shared charging devices in multiple countries across Europe, America, and Southeast Asia, covering high-traffic scenarios such as business districts, transportation hubs, and dining clusters, while maintaining stable operations.As the scale of devices reaches tens of thousands, Electric Soul is transitioning from regional market expansion to a phase of global-scale operations. The project enhances replication efficiency between different countries and cities through unified hardware standards, cloud-based SaaS operation and maintenance backend, localized payment adaptations, and city agency cooperation models, providing support for the continuous expansion of the global shared charging network.Electric Soul stated that leveraging the large-scale implementation experience in the European, American, and Southeast Asian markets, the next step will be to expand into incremental markets such as the Middle East, South Asia, and Latin America, continuously promoting the vision of "global reach, boundaryless charging," and further exploring new models of global energy infrastructure in RWA and DePIN scenarios.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Detroit Tigers vs. Houston Astros," the "Over" option for the sub-market "Total Score of the First 5 Innings Greater than 6.5" has experienced drastic fluctuations, dropping from 54% an hour ago to the current 24% (a fluctuation of 30%). Please note the impact of related breaking news.

According to The Block, executives from hardware wallet manufacturer Trezor stated that the market's trend of fully pushing Bitcoin towards ETFization may pose a long-term risk to the core principles of the crypto industry. According to the company's Chief Business Officer Danny Sanders during the BTC Prague event, the current global crypto user base is approximately 600 million, but only about 10% of users choose to self-custody their assets, with only about 12 to 13 million users using hardware wallets.Since the launch of the U.S. spot Bitcoin ETF in 2024, which has attracted over $53 billion in inflows, institutional allocation of Bitcoin has significantly increased. However, Sanders pointed out that this trend may also weaken users' behavior of directly holding private keys. He believes that self-custody is one of the core attributes of the Bitcoin system, but there are still significant challenges in terms of user experience and security thresholds, leading more users to prefer participating in the market through custodial tools like exchanges or ETFs.Sanders emphasized that the industry should focus on improving the usability and security of self-custody, rather than simply accepting the path of "putting Bitcoin into ETFs." He stated that if the long-term evolution leads to an ETF-dominated holding structure, it would undermine the foundational logic of Bitcoin as a decentralized asset, which could be the "least ideal outcome" for the industry.

According to monitoring by Catcher Predict, in the Polymarket event "Spain vs. Cape Verde," the "Over" option for the sub-market "Spain second half greater than 0.5 goals" experienced a sharp fluctuation in winning probability, soaring from 66.5% an hour ago to the current 85.5% (a fluctuation of 19%). Please note the impact of relevant breaking news.

Raydium core contributor InfraRAY posted on platform X, stating that the team has confirmed that the old version of the AMM V3 program, which was previously discontinued in 2021, has been attacked. The attacker unauthorizedly removed part of the liquidity, but this incident does not affect current Raydium users, and the related liquidity pools have been unable to interact through the official Raydium UI since being disabled. The Raydium SDK and DApp also do not support operations on the mainnet old version AMM V3 liquidity pools.The five affected liquidity pools include: Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. Preliminary statistics show that the stolen assets include approximately 150,177 RAY, 5,603 SOL, and 893,700 USDC, with a total value of about $1.34 million. The related losses will be fully compensated by the treasury.Investigations reveal that the vulnerability originated from insufficient verification of the LP token minting address. The attacker created new LP tokens and impersonated legitimate LP tokens, bypassing the protocol's ratio verification mechanism to extract funds. However, this incident is classified as an independent logical vulnerability and is not due to private key leakage or permission intrusion, and there is no risk of spread. Currently, all existing Raydium mainnet programs have not been affected.