Gate Crypto Flash News and Market Updates

According to Galaxy Research, a Bitcoin address identified as 1KV47 transferred 30 BTC worth approximately $1.88 million on July 5, marking its first outgoing transaction since receiving the coins in August 2011. The address is among 39,069 wallets named in a New York lost-property lawsuit seeking ownership of dormant Bitcoin holdings. The addresses collectively hold an estimated 3.7 million BTC worth roughly $234 billion, according to Sani, founder of analytics platform Timechain Index. Data fr

WTI August crude oil futures fell 0.14 dollars to settle at 68.55 dollars per barrel, down 0.20 percent. NYMEX August natural gas futures closed at 3.2450 dollars per million BTU, while NYMEX August gasoline futures settled at 3.0033 dollars per gallon and NYMEX August heating oil futures at 3.2984 dollars per gallon.

On the evening of July 6, the Shanghai Gold Exchange's gold T+D closed down 0.06% at 909.0 yuan per gram, while silver T+D rose 0.03% to 15,125.0 yuan per kilogram.

Shanghai futures closed mixed in evening trading on July 6. Shanghai Crude Oil Futures 2608 contract rose 0.23% to 438.30 yuan per barrel. Shanghai Gold fell 0.15% while Shanghai Silver declined 0.47%.

According to state broadcaster CCTV, Russian forces conducted massive strikes on Ukraine on July 6, killing 22 people and wounding nearly 90. The attack involved 68 missiles, including numerous ballistic missiles, and over 350 drones of various types. Ukrainian President Volodymyr Zelensky said the primary targets were Kyiv and Kyiv region, with rescue and recovery operations ongoing.

Syrian President Bashar al-Assad announced that Syria will order eight Airbus aircraft in the coming period, according to his recent statement. The purchase marks a significant step in modernizing the country's aviation infrastructure.

According to Bitstamp and Bitcoin.com News, Bitcoin rebounded above $63,500 on July 6 after Strategy sold 3,588 bitcoins for $216 million between June 29 and July 5 to fund preferred stock dividends. The sale sparked a sharp drop to $61,246, liquidating $214 million in short bets across the crypto market. Bitcoin has since recovered, gaining approximately 1.5% in the past 24 hours, while the broader crypto economy's aggregate market cap surpassed $2.2 trillion.

According to Yonhapinfomax, Christopher Waller, a Federal Reserve governor, defended forward guidance as a valuable monetary policy tool on June 6 during a speech at an European Central Bank research network event in Rome. His remarks directly counter recent skepticism from newly appointed Fed Chair Kevin Warsh, who has questioned whether forward guidance creates market confusion. Waller argued that forward guidance can enhance monetary policy transmission by influencing financial conditions bef

According to Bernstein, the research firm reaffirmed its $150,000 year-end Bitcoin price target on July 6, noting the current 54% market drawdown is significantly shallower than previous cycles. Bernstein argued that Bitcoin's correction remains well below the 75% to 90% declines that marked prior bear markets, reflecting a more mature institutional market structure. The firm also challenged bearish sentiment around institutional demand, projecting approximately $10 billion in combined inflows f

According to Upbit data, XRP reached the top trading position on South Korea's largest cryptocurrency exchange on July 6, recording $86.1 million in spot trading volume, more than 2.37 times Bitcoin's $36.4 million activity during the same period. Ethereum recorded $30.4 million. Market analyst Diana highlighted the milestone as a signal of strengthening XRP demand in one of the world's most influential crypto markets.

According to Yonhap Infomax, Isabel Schnabel, ECB Executive Board member, warned on July 6 that eurozone core inflation remains resilient despite recent headline inflation cooling. Speaking at the European System of Central Banks research network conference in Rome, Schnabel expressed concern that energy momentum remains strong. She noted natural gas prices are still approximately 40% above pre-war levels, emphasizing that recent oil price declines do not signal a return to pre-conflict conditio

According to Israel's ambassador to the United States, Israel and Lebanon will hold their next round of talks in Rome, Italy on July 14-15.

IQM Quantum Computers (IQMX) rallied on its second day of trading on Monday, with shares up nearly 17% premarket. The Finnish quantum computing company debuted on Nasdaq on Thursday, June 26, through a SPAC merger with Real Asset Acquisition Corp, valuing the deal at $1.9 billion in equity. IQM is the first publicly listed quantum computing company from the European Union, having sold 23 units worldwide and serving research institutions, universities, and national laboratories globally.

Klarna has applied for a U.S. bank charter to establish a federally regulated subsidiary that would bring its lending operations in-house. The proposed Klarna Bank USA would be an FDIC-insured institution chartered in Utah, led by Gary Harding, former CEO of Milestone Bank and Prime Alliance Bank. The move represents a shift from relying on partner banks to holding deposits, funding loans directly, and expanding consumer finance products. A bank charter would allow Klarna to reduce funding costs

According to technical analyst Gareth Soloway in his latest YouTube video, Bitcoin's short-term target sits in the $73,000 to $74,000 range, with support holding at $58,000 on a closing basis. For Ethereum, the analyst expects resistance at around $1,800, with potential upside toward $2,000. Gareth Soloway also noted that XRP has broken out of a multi-month wedge formation, with a pullback expected toward $1.1 before targeting the $1.25 resistance zone. The analyst maintains a short-term bullish

According to Jin10, Lithuania's President Gitanas Nausėda on July 6 approved the new cabinet led by Prime Minister Mindaugas Šinkevicius. According to the Presidential Office, the new cabinet retained several members from the previous administration, including Foreign Minister Kęstutis Budris, while adjusting multiple ministerial positions. Under Lithuanian law, Šinkevicius must submit the cabinet list and government program to parliament within 15 days for approval.

According to Politico, U.S. Secretary of State Rubio said the U.S. may discuss a red card penalty for a U.S. player with allies including Belgium at tomorrow's NATO meeting.

On Monday (July 6), the Korean won declined 0.02% against the U.S. dollar, closing at 1,529.98 KRW per dollar. The currency's cumulative gains over the past three trading days narrowed to 1.30%.

According to France's presidential office, on July 7, President Macron and Syrian President al-Shaar will co-chair an economic conference focused on Syria's reconstruction.

According to the French Presidential Palace, France's President Emmanuel Macron and Syrian President Bashar al-Assad will sign multiple bilateral agreements tomorrow (July 7). The announcement marks a significant diplomatic engagement between the two nations.