Gate Crypto Flash News and Market Updates

SpaceX shares rose 0.2% overnight on July 7-8 despite the stock's disappointing 7% decline on Tuesday during its Nasdaq-100 debut, according to market data. SPCX closed at $149.47, remaining above its $135 IPO price but falling 25.8% below its June 16 high of $201.80. The Nasdaq-100 inclusion, which was expected to trigger forced buying from index-tracking funds managing approximately $800 billion in assets, failed to spark the anticipated rally. Cathie Wood's ARK Investment Management continued

According to Bloomberg, UniSuper chief investment officer John Pearce said on July 8 that the Australian pension fund would increase its U.S. tech stock allocation if the sector declines 10%, viewing tech companies as positioned in the "sweet spot" of the AI investment cycle. UniSuper, which manages 166 billion Australian dollars (approximately $115 billion), remains confident in AI-driven earnings growth over coming years despite valuation concerns. The fund's core investment portfolio delivere

According to Jin10 Data, Bahrain sounded its third air-raid alarm on the morning of July 8. The country's Interior Ministry urged residents to remain calm and move to the nearest safe location. No casualties have been reported so far.

According to Bloomberg, Mark Tucker has resumed an active role in AIA Insurance strategy and operations since returning nine months ago, marking a sharp shift from his predecessor's hands-off approach. The 68-year-old British executive has participated in multiple meetings reviewing company structure and operational efficiency across departments, which insiders say is unusual for a non-executive chairman and has caused some management concern. Tucker has recently commissioned McKinsey and Mercer

Binance recorded a 114% increase in crypto payments over the past year, with the median payment size rising from $10 to $18, according to the exchange's latest report. The growth reflects expanding adoption of Binance Pay and increased retail transaction volumes across the platform. Stablecoins dominate the payment landscape on Binance, serving as the primary asset class driving the volume growth. The rise in median transaction size indicates users are engaging more meaningfully with crypto paym

Spot silver broke through $61 per ounce on July 8, gaining 1.71% intraday.

Elon Musk announced that SpaceX's Grok AI will open Grok4.5 to the public tomorrow (July 9).

According to Yonhap Infomax, on July 8, Samsung Electronics fell 5.57% to 279,000 KRW and SK Hynix declined 2.36% to 2,147,000 KRW as geopolitical tensions intensified following military clashes between the US and Iran. Samsung's intraday drop below the 270,000 KRW level marked the first time since May 20.

According to Yahoo Finance on July 7, AI memory stocks including Micron Technologies, Samsung Electronics, and SK Hynix have declined more than 20% from recent highs, despite Samsung's record quarterly earnings of $59 billion in operating profit and $113 billion in revenue. Micron alone shed approximately $350 billion in market value since June 25, while SanDisk, Intel, Applied Materials, and Lam Research each lost over $100 billion. The Philadelphia Semiconductor Index needs to fall an addition

SpaceX crashed 6.83% to $149.47 on July 7, marking its lowest price since its June 12 IPO, despite joining the Nasdaq-100 index on the same day—the fastest inclusion of any new stock in the index's history. The stock fell below its $150 opening price as the broader tech sector declined, with the Nasdaq Composite dropping 1.16% and the Philadelphia Semiconductor Index plummeting 4.65%. The selloff persisted despite expectations that passive funds tracking the index would deploy approximately $4.3

According to a Form 8-K filing dated June 26, 2026, Made in USA Inc. acquired a complete XRP Ledger technology stack from its affiliate Made in USA One LLC in exchange for 5 million restricted shares of common stock. The transferred assets include blockchain infrastructure, artificial intelligence-based verification tools, intellectual property, and supply chain software designed to create a blockchain-powered product authentication and supply chain transparency platform. The platform combines a

According to Mehr News Agency, explosions were reported in Iran's Bushehr region today, July 8.

According to Wormhole's announcement reported by BlockBeats on July 8, the Moonbeam network will officially cease operations on July 31, 2026. The Moonbeam parachain will continue running during the transition period but will stop operating after the deadline. Wormhole stated that Portal and Wormhole contributors will be unable to assist in recovering assets left on Moonbeam, urging users to transfer external assets off-chain before July 31 through official channels. Previously, Moonbeam announc

Hong Kong's Hang Seng Index rose 560 points, or 2.38%, to close at 24,057 in midday trading on July 8. The index opened 44 points higher and reached an intraday high of 24,115. However, morning trading volume of 188.3 billion Hong Kong dollars was relatively light relative to the rally, suggesting limited participation.

According to The Fact, on July 8, Kiwoom Securities cut Samsung Electronics' price target from 430,000 to 390,000 Korean won, citing slowing memory price gains and slower earnings growth expected from the second half. KB Securities took the opposite view on the same day, raising its target price from 550,000 to 600,000 won, citing expanded global AI investment driving memory demand. Samsung's stock fell 6.84% to 275,750 won as of 2:48 p.m., extending losses from a 6.92% decline the previous day.

According to Alipay's 2026 Ecosystem Conference, the company's "Tap" contactless payment feature has reached 400 million users, with over 30 million offline touchpoints deployed globally and more than 2,300 ecosystem partners integrated. Alipay plans to upgrade its offline points infrastructure with AI capabilities and will prioritize opening an Agent (intelligent assistant) service network throughout 2026, according to reports by Shanghai Securities News.

According to Iran's Islamic Republic News Agency, on July 8, Iran's military declared that all U.S. military bases in the Middle East are legitimate targets for Iranian drone operations. The military stated it struck Sheikh Isa Air Base in Bahrain with drone attacks in response to U.S. violations of the Islamabad memorandum of understanding and bombardment of Iranian military and civilian areas in the south.

According to Grayscale's analysis, Strategy's sale of 3,588 BTC for approximately $216 million—its largest since abandoning its no-sell policy—was designed to reduce financing risks tied to Bitcoin ownership rather than signal an exit from the asset. Grayscale highlighted that proceeds substantially increased Strategy's dollar reserves, covering roughly 17 months of dividend payments, framing the transaction as treasury management rather than distressed liquidation. The market responded positive

According to Yonhap Infomax analysis released on July 8, Japan's Government Pension Investment Fund (GPIF) concentrated over half its Korean stock portfolio in semiconductor leaders as of end-March. Samsung Electronics accounted for 32.4% of GPIF's Korean holdings (approximately 3.9 trillion won), while SK Hynix represented 18.3% (2.2 trillion won). Combined with Samsung preferred shares, the two firms represented 54.5% of GPIF's total 12.1 trillion won Korean equity position. Beyond semiconduct

According to the financial investment industry, an LS Securities employee processed stock orders from a hacked customer email in early 2026, resulting in losses of billions of won. Police have launched an investigation into the incident, which involved a foreign investor whose email credentials were compromised. The employee failed to verify the authenticity of the orders before executing them.