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Gate.io Launches INIT Perpetual Contract Pre-trading

2025.04.16 13:18:01

On April 16th, according to official information, Gate.io has now initiated pre-market trading of INIT perpetual contracts (settled in USDT), with support for leverage ranging from 1 to 10 times.
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A man in Hong Kong, China, was scammed out of 1.6 million USDT by a fake cryptocurrency exchange. The suspect is still at large.

**News Brief (June 12)** Hong Kong local media reported that on June 5, a man in Hong Kong filed a police report alleging he was scammed out of 1.6 million USDT—equivalent to roughly HKD 14 million—during a virtual currency trade with a fraudulent exchange. Following an initial investigation, police classified the case as "obtaining property by deception" and referred it to the Criminal Investigation Team of the Mong Kok Police District’s Tenth Team for follow-up. No arrests have been made in connection with the case to date. Hong Kong police issued a public reminder that obtaining property by deception is a serious crime. Convictions for such offenses carry a maximum penalty of 14 years in prison.

7 minutes ago

SpaceX IPO is set to begin trading at 9:50 a.m. Eastern Time

June 12, Nasdaq – SpaceX’s IPO will commence trading at 9:50 a.m. Eastern Time. Additionally, it will become eligible for official trading at 10:00 a.m. ET (10:00 p.m. Beijing Time).

7 minutes ago

China Securities Regulatory Commission: Approved the IPO Registration of Changxin Technology

On June 12, the China Securities Regulatory Commission (CSRC) announced that it has approved the initial public offering (IPO) application for shares of Changxin Technology Group Co., Ltd.

7 minutes ago

JPMorgan Chase: Raises Qualcomm Price Target from $160 to $230

On June 12, JPMorgan Chase announced it hiked Qualcomm’s (QCOM.O) target price to $230 from $160, while cutting Adobe’s (ADBE.O) target to $250 from $330. (FXStreet)

7 minutes ago

Iran Says No Commitment Made to Transfer Control of Strait of Hormuz

June 12 (IRNA) — Iran is telling the Islamic Republic News Agency that it has not made any commitments under a memorandum of understanding (MOU) with the U.S. to cede control of the Strait of Hormuz. The future management of the strategic waterway, which is critical to global energy trade, will instead be handled as a regional matter via dialogue and joint decision-making between Iran and Oman, per Iran’s statement. The existing MOU does not include any nuclear-related agreements, Iran added, noting that nuclear negotiations are set to take place within 60 days of the memorandum’s signing.

7 minutes ago

Circle has transferred 4.397 billion USDC to Coinbase via HyperEVM

Per Arkham surveillance on June 12, Circle has just transferred 4.397 billion USDC to Coinbase via HyperEVM.

7 minutes ago

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