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Stablecoin payment infrastructure company Trace Finance has completed a $32 million Series A financing round, led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Capital, Paxos, Chainlink Labs, HOF Capital, and others. Bernardo Brites, co-founder and CEO of Trace Finance, stated that the company's valuation has increased approximately tenfold since the seed round in 2022, but did not disclose the specific valuation.Trace Finance is headquartered in Brazil and primarily provides stablecoin cross-border payment infrastructure, integrating local banking channels, foreign exchange, compliance, and stablecoin settlement capabilities. The company currently holds licenses in the United States and Brazil and operates through partner banks in Mexico, Colombia, Europe, and Asia. Trace Finance plans to expand its operations in Mexico, Colombia, and Argentina, followed by entry into the Singapore, Hong Kong, Japan, South Korea, and Southeast Asia markets. Brites also mentioned that the company will continue to apply for additional licenses in Singapore, the United States, and the Asia-Pacific region in the future.

DeFi structured protocol Thetanuts Finance issued a statement in response to the security incident involving its Vault. Preliminary investigations indicate that the relevant Vault is an old version contract that was deprecated and migrated years ago, and it is not associated with any currently running contracts or products. Further details are still under investigation, and a complete post-incident analysis report will be released once more information is available.Earlier reports suggested that Thetanuts Finance may have suffered an attack, with preliminary estimates of losses around $2.1 million.

Recently, the metal market has continued to strengthen, with gold and silver prices maintaining high volatility. According to market data from the Gate platform, silver (XAG) reached a 24-hour high of $71.24, currently reported at $70.40, with a 24-hour increase of 1.25%; gold (XAU) reached a 24-hour high of $4355, currently reported at $4340.45, with a 24-hour increase of 0.49%. According to CoinGlass data, the open interest for Gate XAG contracts reached $78.3465 million; the open interest for Gate XAU contracts reached $148 million, both ranking among the top two in the industry.

According to the official announcement, Bitget has adjusted the leverage, position tiers, and maintenance margin rate for the SPCXUSDT U-based perpetual contract trading pair. Based on the position limit, the leverage has been increased to a maximum of 100 times.Existing positions before the user update will be affected, and users can adjust the relevant parameters according to their asset allocation needs.

According to the market data from the Gate platform, SPCX (SpaceX) reached a high of $225.44 in the last 24 hours, currently priced at $203.97, with a 24-hour decline of 4.09%; SNDK (SanDisk) reached a high of $2,163.99 in the last 24 hours, currently priced at $2,038.26, with a 24-hour decline of 2.85%. According to CoinGlass data, the 24-hour contract trading volume for Gate SPCX (SpaceX) reached $159 million; the 4-hour contract trading volume for Gate SNDK (SanDisk) was $20.5624 million, both ranking among the industry leaders.In addition, the second session of the Gate Live stock series public class will start broadcasting on June 17 at 16:00 (UTC+8), with the theme "3 Steps to Complete Your First Stock Trade." This session will focus on the practical process of stock trading, introducing fund transfers, selection of trading targets, in-market ordering processes, and fee rules, helping users quickly understand how to complete their first stock trade.Previously, Gate Direct to IPO completed the distribution of SPCX shares and officially opened trading on June 12, allowing users to participate in SPCX trading directly through the Gate stock area and seize investment opportunities in popular targets.

According to the Shanghai Securities Journal, Wu Qing, the Chairman of the China Securities Regulatory Commission, stated at the 2026 Lujiazui Forum that the next step will be to timely release guidelines for the standardized development of artificial intelligence in the capital market.Wu Qing pointed out that the CSRC will strictly investigate and deal with illegal activities such as using technology to ride on trends, hype concepts, and even manipulate the market and insider trading; at the same time, it will legally and strictly crack down on illegal stock recommendations using artificial intelligence, as well as industry chaos such as spreading rumors and illegal trading using artificial intelligence.

According to Cryptonomist, the perpetual contract products of the prediction market platform Kalshi have been online for only two weeks, with a cumulative trading volume exceeding $5.5 billion.Data shows that the platform's daily trading volume has exceeded $1 billion for three consecutive days. Major sporting events such as the FIFA World Cup and the NBA Finals have significantly driven the surge in trading volume.Currently, Kalshi has launched 11 crypto-related perpetual contracts, and Kalshi co-founder Tarek Mansour stated that there are plans to expand the perpetual contract products to other asset classes beyond crypto in the future.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.19% in the past 24 hours, with the current total open interest at $25.367 billion. Among them, the open interest on Binance is $5.95 billion, OKX is $1.52 billion, Bybit is $1.548 billion, and Gate is $1.926 billion.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated that the review of cryptocurrency perpetual contracts will be conducted on a "single asset" basis. CFTC staff had previously clarified this position in the advisory opinion regarding 24/7 continuous trading, and the regulator will assess the compliance of perpetual products for different underlying assets using this framework.

According to official data from Gate, the platform's copy trading ecosystem continued to show strong growth last week. The overall trading volume of CFD copy trading increased by 24.4% month-on-month, with copy trading volume increasing by 39%; the daily average number of new copy trading users grew by 25.8%, and the daily average number of new copy traders increased by 36%. Meanwhile, Gate's contract copy trading business maintained rapid development, with the daily average number of new contract copy trading users increasing by 50% month-on-month, and user participation and trading activity continued to rise.As the industry's first platform to launch contract copy trading and CFD contract copy trading services, Gate has built a copy trading ecosystem covering diverse markets such as crypto assets, metals, foreign exchange, indices, commodities, and popular U.S. stocks, and adopts a HWM (High Water Mark) profit-sharing mechanism, allowing copy traders to enjoy a profit-sharing ratio of up to 20%, creating a fairer and more transparent growth environment for copy trading users and professional traders.In addition, the Gate copy trading platform provides multi-dimensional leaderboards for star traders, steady traders, and potential newcomers, supports one-click quick copy trading and flexible parameter configuration, and helps new users grow rapidly through trader live broadcasts and community activities, continuously practicing the concept of "allowing every user to trade like a professional trader."

According to the latest weekly report from Gate Ventures, the global market experienced a corrective rebound last week driven by easing geopolitical tensions. The U.S. stock market recovered from its intra-week losses, but the Federal Reserve maintained a hawkish stance, with CPI rising to 4.2%, further strengthening market expectations for sustained high interest rates. The cryptocurrency market also warmed up, with BTC and ETH rising 3.8% and 2.1% respectively, but spot ETF funds continued to see net outflows.On the industry front, AI, prediction markets, and institutional-level infrastructure became the focus of market attention. The decentralized AI project Bittensor (TAO) rose 31.5% in a single week; the U.S. Commodity Futures Trading Commission (CFTC) proposed a regulatory framework for sports event contracts, providing clearer regulatory expectations for the development of the prediction market industry; LG Group and Arbitrum jointly explored blockchain advertising network applications, further expanding Web3 commercialization scenarios.In terms of investment and financing, a total of 9 transactions were disclosed last week with a total financing amount of $584.6 million. Among them, Digital Asset completed $355 million in financing, accelerating the application of Canton Network in the capital market; Morpho secured $175 million in financing to promote the construction of on-chain credit networks; and prediction market infrastructure provider EDGE Markets completed $29.2 million in financing.

According to CoinGlass data, the total open interest for Nvidia (NVDA) contracts across the network reached $237 million. Among the related trading platforms, tradeXYZ, Binance, and Bitget ranked in the top three, with open interest amounts of $166 million, $32.17 million, and $11.25 million, respectively.Previously, it was reported that Nvidia plans to return to the bond market, aiming to raise at least $20 billion, with the funds primarily used to expand AI chip production capacity and data center construction.

According to CoinGlass data, the total open interest of the Nasdaq 100 Index ETF (QQQ) across the network has reached 117 million USD. The data shows that the liquidity of this asset is mainly concentrated on leading trading platforms, with Binance, Bitget, and OKX ranking in the top three.Their open interest market shares are 64.83% (75.6 million USD), 12.01% (14.01 million USD), and 11.23% (13.1 million USD), collectively accounting for about 88% of the market share.

DeFi structured protocol Thetanuts Finance issued a statement in response to the security incident involving its Vault. Preliminary investigations indicate that the related Vault is an old version of the contract that was deprecated and migrated years ago, and it is not associated with any currently running contracts or products. Further details are still under investigation, and a complete post-incident analysis report will be released once more information is obtained.Previously, it was reported that Thetanuts Finance allegedly suffered an attack, with preliminary estimates of losses around 2.1 million USD.

Mike Selig, the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on the X platform to clarify several misunderstandings in the market regarding perpetual futures contracts and to address the controversy arising from the recent approval of related contracts by the CFTC. Mike Selig stated that the Commodity Exchange Act and relevant CFTC rules do not explicitly require that "futures contracts" must have a fixed expiration date or delivery date. Since Congress has not clearly defined this term, the identification of futures contracts is primarily based on judicial precedents and CFTC interpretations, and a fixed expiration date is not a necessary condition.In response to the claim that "the CFTC-approved BTCPERP contract allows U.S. users to use 250 times leverage," high leverage is not a characteristic of the perpetual contract structure itself, but rather a feature of the previous offshore trading model. Perpetual contracts regulated by the CFTC will adhere to the same leverage limits as other regulated futures products.Regarding the criticism that "the CFTC did not provide opportunities for industry participation and feedback," the CFTC publicly solicited opinions on "perpetual contracts" and "24/7 trading" in April 2025 and received over 100 responses from industry participants, including several CFTC-registered entities. Additionally, concerning the view that the funding rate mechanism is believed to incur high costs and induce undesirable market behavior, after considering the costs of opening positions and rolling over traditional term futures contracts, the annualized holding cost of the perpetual contract funding rate is roughly equivalent to that of traditional futures. The funding rate mechanism actually helps maintain price anchoring.

The Digital Renminbi International Operation Center officially signed service agreements with the first batch of 26 financial institutions in Shanghai, marking the official launch of the brand operation of the upgraded "Digital Currency Cross-Border Settlement Comprehensive Service Platform" (CBETS).It is reported that with the overall upgrade of the infrastructure architecture, the original three platforms for cross-border digital payment, blockchain services, and digital assets have been officially integrated into CBETS. This platform has outstanding advantages such as low access costs, high settlement efficiency, and strong compatibility: it technically supports both centralized and blockchain systems, and the message standards are compatible with ISO20022; the business scenarios not only support cross-border retail scenarios such as barcode payment and tap-to-pay but also comprehensively cover remittances, trade, and investment and financing settlement, as well as wholesale and financial innovation businesses.The first batch of 26 financial institutions includes overseas branches and subsidiaries of banks such as ICBC, ABC, BOC, CCB, Bank of Communications, Pudong Development Bank, and Guangfa Bank, as well as Standard Chartered China and Xinyin International. After the business goes live, its services will cover multiple countries and regions including Hong Kong, Macau, Singapore, Laos, Thailand, the UAE, Qatar, and Brazil, further leveraging digital technology to facilitate cross-border trade and investment financing.

According to official news, the Gate stock section will launch on June 16 at 14:00 (UTC+8) with the perpetual contract trading (settled in USDT) for TWLO (Twilio), ROK (Rockwell Automation), CGNX (Cognex), IVV (iShares Core S&P 500 ETF), SOXX (iShares Semiconductor ETF), SMH (VanEck Semiconductor 25 ETF), SPYM (State Street SPDR Portfolio S&P 500 ETF), and VOO (Vanguard S&P 500 ETF), supporting 1-20 times leverage.

Coinbase announced the first launch of industry index perpetual contracts. This product allows users to go long or short on specific industry sectors with one click.It is reported that the first batch of 4 index contracts covers artificial intelligence, defense, the Chinese market, and the technology sector, specifically: AI10, Defense10, China10, and Tech100.

According to the official announcement, Bitget has launched the GRAMUSDT and GRAMUSDC perpetual contracts, with maximum leverage of 75 times and 25 times respectively, and the contract trading bot is now open.