Gate Crypto Flash News and Market Updates

France's Finance Ministry cut its 2026 economic growth forecast to 0.7% from 0.9% on July 7.

Vanke Enterprise Holdings announced on July 7 that it will adjust the repayment terms for its 2023 medium-term note MTN004. The company will pay 40% of the outstanding principal on the maturity date, with the remaining 60% deferred for one year until July 7, 2027. The coupon rate for the deferred portion remains unchanged at 3.07% per annum, with accrued interest due upon final repayment. The company has already settled 61.4 million yuan in interest payments for the current period.

According to Decagon CEO Jesse Zhang, as monitored by Beating, enterprise open-source AI spending currently accounts for just 11% of total large model expenditure, as most companies remain in early-stage exploration with closed-source models. However, in Decagon's own production environment, 90% of inference calls have already switched to open-source models, driven by requirements for low latency and deep fine-tuning capabilities. Zhang notes that as use cases mature, open-source models will inc

According to Onchain Lens, Polymarket trader "1two1two" turned approximately $5.6 million profit into roughly $103,000 loss within 13 days as of July 7. The account, created in June 2026, has a win rate of 48.3% (14 out of 29 trades) and cumulative trading volume of approximately $21.99 million. The trader's largest single losing bets included $3.06 million on Portugal vs Spain (over 2.5 goals) and $2.64 million on Côte d'Ivoire vs Norway.

According to Dart filing and The Block, Naver Financial and Dunamu (Upbit's parent company) announced on Monday that their stock swap transaction has been pushed back to Dec. 31, amid South Korea's ongoing debate over new cryptocurrency regulation. This marks the second delay; the deal was previously postponed from June 30 to Sept. 30 in March. The 15.13 trillion won ($9.9 billion) transaction, with an exchange ratio of 2.5422618 Naver Financial shares per Dunamu share, is now facing uncertainty

According to the Financial Investment Association, South Korean equity funds saw net outflows of 9.954 trillion won through July 7, with their total assets declining to 221.81 trillion won. Amid extreme market volatility driven by heavy concentration in semiconductor stocks, investors are shifting to safer assets. Bond funds' assets rose 1.3365 trillion won this month to 202.39 trillion won, while money market funds surged 22.08 trillion won to reach 246.41 trillion won. Analysts cite high volat

According to Korea Exchange and Koscom data, 14 single-stock leverage ETFs tracking Samsung Electronics and SK Hynix fell 12-13% on July 7, with intraday losses reaching around 20%. The products fell below their launch price of 20,000 won as both underlying stocks declined 6-7%. Net assets of the 16 single-stock leverage and inverse ETFs dropped 15.3% to 14.9 trillion won from 17.6 trillion won as of June 25, with Samsung and SK Hynix leverage products facing estimated losses of 400 billion and

The Digital Chamber filed an amicus brief on July 7 urging the dismissal of a New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets. The organization argued that granting such claims would set a dangerous precedent for self-custodial wallets.

The Bank of England recently announced it will work to establish a simpler and more effective capital buffer framework, with a focus on a single buffer that can be released during periods of stress.

According to Binance's official announcement, the exchange will halt deposits and withdrawals of VulcanForged's PYR and Vanar's VANRY tokens via the Polygon network starting July 14, 2026 at 08:00 UTC. Deposits sent via Polygon after this time will not be credited to user accounts and may result in asset loss. Users can continue to deposit and withdraw these tokens through other blockchain networks supported by Binance.

According to Morningstar analyst Jing Jie Yu, Samsung Electronics' revenue forecast of 171 trillion won fell short of market expectations on July 7, despite operating profit meeting guidance. The shortfall was attributed to weaker-than-expected DRAM price increases, disappointing investors who anticipated structural strengthening in memory chip prices. The stock closed down 6.9% following the announcement.

According to a 10x Research report, bitcoin mining stocks have retreated approximately 20% and largely decoupled from bitcoin's price movement since April. The stocks have become deeply tied to AI market narratives, though current AI sentiment centers on global supply chains and competitive dynamics rather than crypto adoption or financial digitization. Chinese LLM concept stocks and South Korean semiconductor supply chain prospects are directly influencing mining stock performance. Data shows R

According to Yonhap Infomax, on July 7, South Korea's foreign exchange swap points rose amid strong demand for won funding. The 1-year FX swap contract closed at -14.30 won, up 0.30 won from opening. The 6-month contract rose 0.10 won to -7.40 won, while the 3-month and 1-month contracts closed at -3.65 won and -1.20 won respectively. Market participants noted overall balanced supply and demand driven primarily by pricing merit.

According to TASS, Russian military forces have captured the Petro-Ivanovka settlement in Ukraine's Kharkiv region.

The U.S. Deputy Secretary of Defense stated recently that the country maintains the option to produce PAC-3 missiles outside U.S. borders, signaling potential flexibility in defense manufacturing strategy for the air defense system.

According to ESMA, the European Securities and Markets Authority has selected Etrading Software (Netherlands) B.V. as the European Union's first Consolidated Tape Provider for over-the-counter derivatives on July 7. The appointment follows the revised Markets in Financial Instruments Regulation and represents a major implementation of the MiFIR Review. Once operational, the consolidated tape will aggregate post-trade data from OTC derivatives transactions across the EU into a single source of ma

According to Binance co-founder He Yi on July 7, Binance Earn has distributed over $1.2 billion in earnings to stablecoin holders since 2022. He Yi highlighted the metric as a key indicator of value creation for users, stating that long-term opportunities lie not only in market access but in helping users generate sustained value from their assets.

According to Zhitong Finance, on July 7, the Hang Seng Index July night futures opened at 23,481 points. As of 17:16 Beijing time, the contract traded at 23,465 points, down 9 points or 0.038%, at a discount of 32 points, with a turnover of 63 contracts.

According to ChainCatcher, Binance will delist five spot trading pairs on July 10 at 11:00 UTC: GMX/USDC, PARTI/FDUSD, RUNE/BTC, SEI/BTC, and T/USDC. Users can continue trading the underlying tokens on other trading pairs. Binance recommends closing automated trading bots for the affected pairs prior to delisting to prevent potential losses.

According to Decta's report, eight MiCA-compliant euro stablecoins grew 128% in market cap to $673.9 million in the year before Europe's CASP transition period ended.