[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202506241449209202809078.webp) - Market Commentary: Cryptocurrencies including BTC surged across the board last night after U.S. President Donald Trump announced a ceasefire agreement between Iran and Israel, with BTC briefly breaking above $106,000. Meanwhile, ETH has firmly established its position at the $2,400 level. While BTC led the rally, ETH has been consolidating around $2,400 after climbing from $2,100, showing potential for further upside toward $2,500 in the near term. * Top Tokens: SEI, MOVE, and LQTY are leading the current cryptocurrency market rebound. - Notably, Sei Network has been selected by the Wyoming Stable Token Commission as a candidate blockchain for WYST - a U.S. fiat-backed stablecoin that will utilize LayerZero's cross-chain bridging technology. - The Movement Network Foundation recently announced a buyback of 10 million MOVE tokens, reducing the token's circulating supply and creating upward price pressure. - LQTY's price surge stems from two key factors: institutional accumulation reported by influential Twitter account FishTheWhales, and positive spillover effects from advancing stablecoin regulations. - Alpha Insight: BTFS (BitTorrent File System), a distributed file storage and sharing system built on the BitTorrent protocol, has announced its v4.0 mainnet upgrade through official channels, promising groundbreaking technological advancements. Separately, Nasdaq-listed Fiserv disclosed on Monday plans to launch its FIUSD stablecoin before year-end, with intentions to seamlessly integrate the digital asset into existing banking and payment infrastructures. In unrelated developments, TMTG - parent company of Truth Social - confirmed its $400 million stock repurchase program will proceed without impacting concurrent plans to establish Bitcoin treasury reserves. - Gate Launchpool: Gate is currently hosting a subscription event for Humanity (H), where users can stake BTC to claim a total of 727,273 H tokens in a free airdrop starting June 25, 2025, at 17:00 (UTC+8). Humanity Protocol is a Sybil-resistant blockchain specifically designed for secure, private, and decentralized identity verification. Discover more details today：→ Fiserv announces plans to partner with Circle and PayPal to launch a stablecoin, BTFS 4.0 mainnet upgrade nearing completion | Gate Research Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team June 24th, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

Gate Research: Fiserv Announces Plans to Partner With Circle and PayPal to Launch a Stablecoin | BTFS 4.0 Mainnet Upgrade Nearing Completion