Gate launches USDT supported real stock trading service

Data shows that copper prices rose in New York and London on Monday. The US Secretary of Commerce must submit proposals for refined copper tariffs to Trump before June 30th, as the expansion of US price premiums drives the flow of metal to US ports. Goldman Sachs has raised its forecast for copper prices on the London Metal Exchange by the end of 2026 from $12500 per ton to $13700 per ton, as US stockpiling and lower than expected mine supply have tightened the market. Copper prices have risen by 5% in May, supported by ceasefire negotiations between the United States and Iran, as well as a boom in artificial intelligence related assets.

According to Galaxy, the New York State Supreme Court has accepted a lawsuit in which the plaintiff is attempting to confirm ownership of addresses related to 3.7 million bitcoins (approximately $274 billion), including 21700 addresses owned by Bitcoin founder Satoshi Nakamoto, who holds 109 million bitcoins (worth $83.7 billion). The plaintiff Noah Doe (pseudonym) and two Wyoming companies request the court to rule that these bitcoins are lost property under the New York State Lost and Found Act and declare their legal ownership. The plaintiff had sent a "abandonment notice" to the relevant address through OP-RETURN, but even if they won the lawsuit, they were unable to obtain the private key or transfer Bitcoin. Galaxy stated that the verdict may be used for future property disputes.

NVIDIA CEO Huang Renxun stated at the Gtc Taipei 2026 conference on June 1st that tokens have become assets and revenue units in the industry, and AI companies hope to generate more tokens and build AI factories to make profits. He also mentioned the rapid growth of computing demand in Taiwan.

According to Sina Finance, bond traders are focusing on this week's key employment report to assess whether the US economy is strong enough to push the Federal Reserve to raise interest rates before next year. The monthly employment data released on Friday is expected to show that the labor market remains resilient in May. High oil prices and accelerating inflation may affect the policy stance of the Federal Reserve in its June statement. Traders expect the Federal Reserve to raise interest rates before mid-2027, as the Iran War has led to soaring energy prices and tightened financial conditions, equivalent to a Fed rate hike of about 75 basis points.

According to official announcements, Gate has launched a real stock trading service, allowing users to trade US stocks and ETFs using USDT. Android users can update to the latest version, and iOS users can update to version 8.21.5 to use it. The service is implemented by connecting with compliant securities firms holding US Broker Dealer licenses, and does not involve on chain mapping of assets or tokenized derivatives. The cooperating securities firms are members of SIPC and can provide securities asset protection when they meet the conditions.