Gate Crypto Flash News and Market Updates

According to Korea Exchange, on July 7, KOSPI-listed stock daily average turnover rate fell to 0.79% through July 6 this month, marking the lowest level since the start of 2026. Trading volume has contracted sharply amid investor caution, with uncertainty surrounding semiconductor stocks weighing on market sentiment.

According to ChainCatcher, citing SoSoValue data, Bitwise XRP ETF (XRP) saw inflows of $6.55 million on July 2 (U.S. Eastern Time). The fund has accumulated $501 million in net inflows to date. XRP spot ETFs collectively held $988 million in net assets as of publication, with cumulative historical inflows reaching $1.487 billion.

According to Yonhapinfomax, a Seoul court held a hearing today (July 7) on an injunction filed by minority shareholders against Hanyang Securities' planned third-party capital increase. KCGI, a private equity fund that acquired control of the brokerage last year, approved the issuance of approximately 2.39 million shares at 21,000 won per share on July 8, representing a 12.9% premium to the reference price. The court indicated a decision would be made by tomorrow (July 8) due to the imminent fun

According to Japan's Ministry of Health, Labour and Welfare on July 7, real wages in May rose 1.4% year-over-year, marking the fifth consecutive month of increases and the longest streak since 2021. Nominal wages per worker reached 311,165 yen (approximately $2,940), up 3.2%, marking the first time in 34 years that nominal wage growth has exceeded 3% for four consecutive months. The gains reflect wage increases from the 2026 spring wage negotiations and spillover effects from 2025 minimum wage h

According to Ripple, the company is preparing beta tests for RLUSD, a dollar-backed stablecoin designed for both the XRP Ledger and Ethereum. The stablecoin is intended to complement Ripple's existing settlement products and provide institutions with a dollar-denominated instrument for payments and liquidity management.

BM Wallet launched a self-custodial prediction markets feature on July 3, enabling users to forecast real-world event outcomes directly from their wallet while retaining full control of private keys. The feature, available in select regions, integrates Polymarket infrastructure and supports prediction categories including FIFA World Cup, cryptocurrency markets, and political events. Positions are settled in stablecoins with automatic payouts once outcomes are finalized. The company emphasized th

On Monday, US President Donald Trump admitted that he became involved in cryptocurrency partly for political reasons, marking a shift from his previous criticism of Bitcoin as 'a scam.'

According to Binance CEO Richard Teng, on July 6, the cryptocurrency exchange withdrew its Markets in Crypto-Assets (MiCA) application with Greece's Hellenic Capital Market Commission after the EU's MiCA transition period ended on July 1, 2026. From that date, platforms without formal approval can no longer legally serve customers across the EU bloc. Teng warned that inconsistent implementation of MiCA across member states risks fragmenting Europe's regulatory framework. "If implementation becom

According to Trader T, Ethereum spot ETFs saw net inflows of $20.76 million yesterday (July 6). BlackRock's ETHA led with $23.29 million in inflows, while its staking product ETHB added $0.9 million.

According to Yonhap Infomax, on July 7, South Korea's 30-year government bond yields rose 3.0 basis points to 4.430%, bucking the decline seen in shorter-duration bonds. The 3-year yield fell 0.5bp to 3.765%, while the 10-year yield dropped 0.5bp to 4.200%. The stock market decline, with the KOSPI down 4.5% (briefly exceeding 5.8% intraday losses), supported bond demand, as Samsung Electronics and SK Hynix tumbled despite stronger-than-expected earnings. The dollar-won exchange rate weakened, de

According to ChainCatcher, Bitcoin bounced back last week, recovering most of June's losses and breaking above the 200-week moving average. The cryptocurrency is now trading within the key $63,000 to $66,000 confirmation zone. Ethereum showed even stronger weekly gains, indicating broader market participation in the recovery.

According to Jim Cramer on CNBC's Mad Money, on Monday the host named five stocks—PepsiCo (PEP), Starbucks (SBUX), Constellation Brands (STZ), TJX Companies (TJX), and Johnson & Johnson (JNJ)—as attractively priced amid recent market rotation. Cramer attributed the selloff to fund rebalancing following last week's U.S. June employment report, which showed slower job growth. He argued these companies remain fundamentally sound despite selling pressure, presenting buying opportunities for long-ter

According to SoSoValue, Ethereum spot ETFs recorded net inflows of $29.08 million on July 2 (yesterday), extending their streak to three consecutive days of inflows. BlackRock's ETHA led daily inflows with $29.74 million, while the fund has accumulated $1.1125 billion in total net inflows. Grayscale's ETHE experienced the largest single-day outflow at $2.75 million.

According to ChainCatcher, citing SoSoValue data, bitcoin spot ETFs recorded total net inflows of $266 million yesterday (July 6). BlackRock's IBIT led with net inflows of $209 million, bringing its cumulative net inflows to $60.2 billion.

According to Anthropic's official account, by late 2025, Boris Cherny, chief engineer behind Claude Code, completed 88 code commits in a single day using automated commands—with zero manual coding. Cherny and core team member Igor Kofman have both achieved 100% code generation through Claude Code, eliminating the need to write code by hand. Claude Code evolved from an internal tool called Claude CLI, initiated by Cherny after joining Anthropic in September 2024 from Meta. The tool gained breakth

According to Zhitong FinTech, Hong Kong's Hang Seng Index fell 0.42% in morning trading on July 7, closing at 23,517 points, with trading volume reaching 187 billion Hong Kong dollars. Tencent Holdings bucked the broader decline, surging 2.83% after releasing its latest large language model Hunyuan Hy3, with the company planning to raise over 10 billion Hong Kong dollars through equity reductions.

According to Morgan Stanley and other Wall Street institutions, the Magnificent Seven (NVDA, GOOGL, META, MSFT, TSLA, AAPL, AMZN) have underperformed since the start of 2026, but strategists are growing bullish on a potential rebound. The Magnificent Seven ETF (MAGS) has remained nearly flat year-to-date, while semiconductor stocks surged and the S&P 500 has recorded double-digit gains. Morgan Stanley's Chief U.S. Equity Strategist Mike Wilson stated on July 6 that capital is expected to flow ba

According to Guru Club, China's domestic commodity futures showed mixed performance in early session trading on July 7. Container shipping EU route (集运欧线) fell over 5%, the steepest decline of the session. Among gainers, liquefied petroleum gas (LPG) rose over 2%, while vegetable oil and stainless steel gained nearly 2%. Propylene, styrene (EB), CBOT soybeans (Dobean), and polyethylene climbed over 1%. Losers included red dates, silver, and glass, each falling over 2%, along with lithium carbona

Hong Kong Exchanges and Clearing Limited announced today that it has signed a memorandum of understanding with Cross-border Interbank Payment System (CIPS) operator to deepen cooperation in cross-border RMB business. Under the agreement, HKEx's subsidiary Hong Kong OTC Clearing Limited plans to submit an application to become a CIPS direct participant by end-2026, with CIPS providing necessary guidance and training. Upon approval, the subsidiary will conduct RMB fund settlement directly through

According to the International Data Corporation (IDC), the global commercial service robot market achieved a market size of $1.37 billion in 2025, growing 35.7% year-over-year, with shipments of approximately 155,000 units, up 44.1% from the prior year. IDC projects the market will continue its growth trajectory through 2030, with a compound annual growth rate (CAGR) of approximately 15.1%. The company forecasts global commercial service robot shipments will reach 454,000 units by 2030, with the