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Gate's spot trading volume bucked the trend with an 11.5% increase, the highest growth rate among global centralized exchanges.

according to the latest exchange report from CoinDesk, the total spot and derivatives trading volume on global centralized exchanges fell by 3.45% to $4.41 trillion in May 2026. Amid this overall decline in trading activity, Gate demonstrated strong resilience with a counter-trend growth. Its spot trading volume increased by 11.5% month-over-month to $43.8 billion, ranking first in spot trading volume growth among major global exchanges. Concurrently, its spot market share rose by 0.66 percentage points to 4.55%, securing a position within the top five global spot exchanges.In the derivatives market, Gate maintained its industry-leading position. Data shows that Gate's contract trading volume in May reached $327 billion, capturing a 9.47% market share, ranking it fourth among global derivatives exchanges. In terms of Open Interest, Gate held a 10.8% market share, making it the world's third-largest derivatives trading platform. Combining both spot and derivatives trading performance, Gate ranked fourth globally in total trading volume for May, highlighting the platform's sustained advantages in liquidity depth and market participation.To date, Gate's global registered users have surpassed 54 million, supporting over 4,700 trading pairs. Gate's stock trading feature allows users to trade over 10,000 US mainstream stocks and ETFs using USDT, and has already listed over 1,500 Hong Kong stock targets. Looking ahead, the platform will continue to expand its business layout into stocks, ETFs, prediction markets, and TradFi, offering global users a richer, one-stop trading and asset allocation experience.

UBS: Falling Oil Prices Will Ease Pressure on Fed Rate Hikes

Leslie Falconio, currently serving as the head of taxable fixed income strategy at UBS Global Wealth Management, stated that following reports of a deal between the U.S. and Iran to reopen the Strait of Hormuz, which suppressed oil prices and triggered a rally in U.S. Treasuries, the pressure for the Federal Reserve to raise interest rates this year is easing.Leslie Falconio pointed out that even before the ceasefire, as oil prices fell, "the two-year yield was still rising because the market was pricing in nearly 100% probability of a rate hike by December 2026." "What is happening now is that oil prices are falling, and the market is stripping out these rate hike expectations. That is why the two-year yield is declining."New Fed Chair Kevin Warsh will chair his first monetary policy decision meeting this week. As surging crude oil prices accelerate inflation, voices within the Federal Open Market Committee (FOMC) supporting rate hikes this year are growing louder. Leslie Falconio expects the FOMC to formally remove its accommodative bias at this week's meeting, paving the way for a more hawkish outlook. However, she stated that she still expects the next move to be a rate cut, likely in 2027. (Bloomberg)

Global AI "Dark Horse Myth" Overturned Overnight: Accused of Being a Shell for Alibaba's Qwen

the "official" open-source model Rio-3.5-Open-397B, launched by IplanRIO, an IT company under the Rio de Janeiro City Government, has gained global popularity and been hailed as a rising force in Latin American open-source large models. Within less than 24 hours, this so-called AI "dark horse myth" was reversed, as the model was accused of being a "shell" version that is a weight-mixed variant of Alibaba's Qwen3.5 and NexN2Pro.Currently, IplanRIO has publicly apologized on the open-source community Hugging Face, admitting that an "operational error" led to the upload of a merged baseline version used for comparison. The open-source model team Nex-AGI has publicly alleged that this Rio model shows no traces of training by Rio itself, and that the so-called self-developed model is essentially a weight-mixed version of NexN2Pro and Qwen3.5-397B-A17B. (HuggingFace)

Bitget Launches Football Viewing Gift Boxes for VIP Users; Claim Channel Now Open

According to the official announcement, Bitget has launched a Football Viewing Gift Box campaign for VIP users, open for participation from June 15 to June 30. During the campaign period, users who maintain an official VIP1 (or higher) status and complete their shipping information registration will be eligible to receive a gift box—quantities are limited and distributed on a first-come, first-served basis. This campaign offers two types of gift boxes: the V1–V3 Football Viewing Gift Box and the V4–V7 Premium Limited Edition Gift Box. The Premium Limited Edition Gift Box includes the option to customize a personalized football jersey. Distribution of physical gift boxes will begin on July 3. If physical gift boxes run out, Bitget will issue spot margin interest reduction vouchers as substitutes. Full campaign rules have been published on the official Bitget platform; eligible users may visit the campaign page to participate and claim their gift boxes.

Google Releases OKF Specification to Standardize Andrej Karpathy’s “LLM Wiki” Pattern

Google has released the Open Knowledge Format (OKF) specification, aiming to standardize the “LLM Wiki”-style knowledge organization and interaction model proposed by Andrej Karpathy, thereby promoting unified knowledge structuring and citability for large language models.

MGBX Will Launch SPCXUSDT Perpetual Contract Trading Pair

: According to official sources, MGBX will list the SPCXUSDT perpetual contract trading pair on June 12, 2026, at 23:00 (SGT).Trading Open Time: June 12, 2026, at 23:00 (SGT)Leverage: Up to 20x supportSPCX: Space Exploration Technologies Corp. is an enterprise integrating spacecraft manufacturing, launch services, and satellite communications. The company is committed to building future-oriented integrated hardware and software infrastructure covering space, connectivity, and artificial intelligence. SpaceX designs, manufactures, launches, and operates products and services based on cutting-edge technology, including the world's most advanced rockets and spacecraft.

Audiera Releases Agent Economy Roadmap, Evolving into Agent-Native Participation Economy

Odaily News Audiera officially released its Agent Economy Roadmap, outlining a long-term strategic vision to evolve from an AI-Native entertainment platform into an Agent-Native Participation Economy.The five key phases of the roadmap are as follows:- Phase 1: Participation Infrastructure — Completed. Launched Telegram Mini-App, Web3 dApp, mobile rhythm game, AI music studio, AI voting system, and the BEAT token economy.- Phase 2: Persistent Agent Identity — Completed/Ongoing. Introduced AI companions such as Kira & Ray, featuring memory systems and emotional interaction layers, transforming Agents into digital lifeforms with enduring relationships.- Phase 3: Agent Participation Layer — Current focus (partially launched). Agents can autonomously create content, participate in events, vote on curation, and interact with users, earning BEAT through engagement scoring and reward mechanisms.- Phase 4: Agent Economy (2026–2027). Will introduce Agent wallets, deployment frameworks, and skill marketplaces (including creator, curator, social, and gaming skills), enabling Agents to autonomously generate, own, and trade value.- Phase 5: Open Agent Network (Long-term Vision). Aims to achieve autonomous collaboration among Agents, an open Agent marketplace, third-party developer integration, and cross-platform participation, positioning Audiera as the underlying coordination layer for the Agent economy.https://audiera.fi/

The TON native token Toncoin will be officially renamed to Gram on June 15, and its ticker symbol will change from TON to GRAM.

According to the official TON announcement, the TON Vote community referendum concluded on June 8. A total of 81.22% of voters supported renaming TON’s native token “Toncoin” to “Gram,” changing its ticker from “TON” to “GRAM,” and updating the logo accordingly. The rebranding will officially take effect on June 15, 2026, at 12:00 UTC. The blockchain network name—“The Open Network”—remains unchanged. User balances, addresses, smart contracts, NFTs, and DeFi positions are unaffected; no migration or action is required. Exchanges and ecosystem projects are expected to display the asset as “Gram (prev. Toncoin)” during the transition period and complete full updates by June 22. The official notice warns that any claims requiring users to “migrate” or “exchange” TON for GRAM are fraudulent.

Bitget Chief Legal Officer Issues Open Letter, Helped Users Recover Over $32.3 Million in Fraud-Linked Funds Last Year

Bitget Chief Legal Officer Hon Ng issued an open letter today, announcing the official launch of Bitget’s 2026 Global Anti-Fraud Month campaign under the theme “More Assets, Stronger Protection.” In the letter, Hon Ng noted that as the platform expands from crypto assets to a multi-asset ecosystem, users are facing increasingly complex cybersecurity threats while enjoying broader market access. He emphasized: The multi-asset era means greater responsibility. User protection is not a one-time project but the collective result of continuous risk monitoring, rapid response, security education, and industry collaboration.The open letter also disclosed Bitget’s security and anti-fraud achievements for 2025. Data shows that Bitget intercepted over 150 million malicious attack requests throughout the year, identified more than 13,000 high-risk malicious IP addresses, handled 18,135 user protection cases, and assisted users in recovering approximately $32.3 million in funds related to security incidents and fraudulent activities. Additionally, Bitget’s security system achieved over 2.8 billion risk interceptions through custom protection rules, repelled more than 1.5 billion DDoS attack attempts, and introduced machine learning-based behavioral analysis capabilities to further identify suspicious activities and potential risks.

Zcash fixes vulnerability that could have allowed infinite ZEC minting, but privacy pool features prevent verifying if it was exploited

on May 29, 2026, Taylor Hornby discovered a critical counterfeiting vulnerability in Zcash's Orchard pool. Taylor Hornby reported the vulnerability to the Zcash Open Development Lab, and after coordinated efforts, a fix was completed on June 2. The vulnerability could have been exploited to secretly create an unlimited number of counterfeit ZEC within Zcash Orchard. Due to the privacy features of Orchard, it is cryptographically impossible to determine whether the vulnerability was exploited before the fix was deployed.The vulnerability had existed since Orchard's activation in May 2022 until an emergency fix was deployed on June 1, 2026. Taylor Hornby, with the assistance of AI tools, wrote a complete exploit program and generated an infinite, undetectable amount of counterfeit ZEC in a local test environment. Shielded Labs is currently collaborating with other Zcash developers to explore network upgrade proposals that would allow anyone to verify the integrity of Zcash's supply.

Kraken to Open U.S. IPO Offering Price Subscription to Global Retail Investors via xStocks

According to The Block, Payward—the parent company of Kraken—announced that it will open up access to IPO offering-price subscriptions for U.S. publicly traded companies to Kraken users and select partner platform users via the xStocks framework in the coming weeks. Users may submit non-binding subscription indications prior to listing; Payward will aggregate demand and coordinate with underwriting syndicates to allocate tokenized shares at the offering price on the listing day. These stock tokens are fully backed 1:1 by the underlying equities held in custody by regulated entities and are tradable across blockchains including Ethereum, Solana, and TON. Payward stated that it plans to expand into additional markets and onboard more partners to the xStocks Alliance in the future.

Kraken to Open US Stock IPO Subscription to Global Retail Investors via xStocks

xStocks, a framework under Kraken parent company Payward, will launch services allowing users on Kraken and partner platforms to participate in US stock IPOs at the offering price. Users will receive on-chain tokenized shares with a 1:1 correspondence to the underlying stock, which will be held by regulated custodians.Users can submit non-binding subscription intentions via partner platforms weeks before the IPO. Payward aggregates demand, coordinates with the underwriting syndicate for share allocation, and completes pricing, allocation, and token issuance on the listing date. xStocks tokens will be tradable across multiple blockchains including Ethereum, Solana, and TON, and can be integrated with DeFi protocols. (The Block)

Coinbase Completes Investment in Ethena by Purchasing ENA on the Open Market; Both Parties to Jointly Launch On-Chain Savings Product

According to The Block, Coinbase Ventures announced its investment in Ethena by purchasing ENA tokens on the public market. The two parties also announced a strategic partnership to jointly expand onchain financial and savings products. According to Guy Young, Ethena’s founder, the integration will go live next week, marking the first time Ethena’s products will be made available to Coinbase’s over 100 million users. Additionally, the collaboration involves Circle’s USDC stablecoin, though specific details of this cooperation have not yet been disclosed.

TON Revives Gram Token Brand, CEO Says Network “Returning to Its Roots”

Odaily Telegram CEO Pavel Durov stated that the native token of The Open Network (TON) will be renamed to Gram, reverting to its original name as outlined in the project's early whitepaper. TON will remain the name of the blockchain network, while Gram will serve as the name of its native currency.Durov noted that this renaming is the fourth step in the seven-step "Make TON Great Again" plan, and the entire transition is expected to take approximately three weeks. The remaining three initiatives have yet to be disclosed.Previously announced steps include the TON network upgrade, increased transaction settlement speed, significantly reduced fees, and Telegram's plan to replace the TON Foundation as the ecosystem's primary manager and largest validator.

Tether AI Releases Open-Source TurboQuant and Integrates It into QVAC SDK 0.12.0

Tether AI announced the open-source release of TurboQuant and its integration into QVAC SDK 0.12.0. Built upon Google Research’s memory compression algorithm, this technology compresses the KV cache used during large language model inference by up to approximately 5×, significantly reducing memory footprint on local and edge devices while preserving output quality.

Robinhood, MetaMask, and other institutions jointly launched the On-Chain Trading Coordination Protocol (OTL).

According to PR Newswire, the Open Transaction Layer (OTL) officially launched on May 28 as an open industry initiative aimed at establishing a unified transaction coordination standard for on-chain finance. OTL defines shared protocols among institutions, non-custodial wallets, and AI agents for identity verification, messaging, and transaction coordination—covering the entire transaction lifecycle, including discovery, compliance, and settlement. The founding alliance comprises over 25 members, including leading financial institutions, payment service providers, and blockchain foundations such as Fireblocks, Checkout.com, Cross River Bank, MetaMask, Robinhood, Securitize, Wintermute, Solana Foundation, and Polygon. OTL’s technical specifications are built upon mature standards including W3C Decentralized Identifiers (DIDs) and ISO 20022, and adopt a modular five-layer architecture covering Identity, Session, Transport, Messaging, and Application layers. The specifications have been published under an open-source license at otl.network, and the alliance is also open to additional institutional participation.

Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance

: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)

Bybit Adjusts Open Interest Calculation Method

Bybit has announced that, effective June 11, the method for calculating open interest (OI) will change from a bilateral to a unilateral counting approach, and API users are advised to update their API fields accordingly. This change aims to enhance market transparency and align Bybit’s methodology with other crypto derivatives platforms, facilitating cross-platform data comparison for users and analysts alike. Under the new calculation method, the displayed open interest value will decrease, but actual market activity remains unchanged. This adjustment reflects only a change in calculation methodology; individual users’ positions, margin requirements, profit-and-loss calculations, and position limits remain unaffected. Additionally, the system will automatically adjust fees to maintain existing position limit levels. Starting June 11, updated open interest data will be displayed on Bybit’s market data page, trading page, and mobile app. API users must complete their system updates prior to the effective date. Example: For the BTCUSDT perpetual contract, if there are simultaneously 1,000 BTC of long positions and 1,000 BTC of short positions, the displayed open interest will change from 2,000 BTC to 1,000 BTC.

Aztec Labs Acquires Obsidion, the ZKPassport Team; the Protocol Will Remain Open Source

According to an official announcement, Aztec Labs has acquired Obsidion—the team behind ZKPassport. The Obsidion team will continue developing ZKPassport while also leading the development of new consumer-facing products. The ZKPassport protocol will remain open-source. Aztec Labs stated that ZKPassport enables users to prove attributes such as age, nationality, or sanctions status using government-issued identity documents—without uploading any personal data to a server and without personal data ever leaving the user’s device. It already supports over 130 countries and regions and has been used for nationality and sanctions compliance verification in the Aztec Network token sale.

OpenSea Launches Ethereum Open Standard ERC-8257 for AI Agent Tool Registration

OpenSea has announced the launch of the Ethereum open standard ERC-8257 (Agent Tool Registry), positioning it as the "app store for AI agent tools."According to the announcement, developers can use this standard to register tools on-chain, declare access rules and pricing, while also enabling AI agents to autonomously discover, purchase access rights, and invoke relevant tools without human intervention.OpenSea stated that ERC-8257 can be composable with other protocols such as ERC-8004 (Agent Identity), MCP (Tool Discovery), and x402 (Payment Protocol), collectively forming the infrastructure for AI agent on-chain operations. ERC-8257 is currently in the draft stage, and OpenSea has invited developers to participate in further refining the specification.