Gate Crypto Flash News and Market Updates

Federal Reserve Governor Christopher Waller expressed his preference for setting an inflation target as a range rather than a fixed point, while cautioning that adjusting the target at present would undermine the Fed's credibility.

According to Microsoft, on July 6, Xbox announced 3,200 layoffs and the divestment of five studios, with half of the cuts taking effect immediately and the remainder by the end of fiscal 2027. The layoffs represent roughly 20 percent of the Xbox division. New Xbox CEO Asha Sharma said the restructuring aims to simplify decision-making by reducing management layers from 14 to a maximum of 5.

According to Trump, the heads of BlackRock, BlackStone, and Goldman Sachs attended a meeting today.

According to HTX, Ethereum broke above $1,800 on July 7, up 1.4% in 24 hours.

According to veteran investment strategist Jim Paulsen, the S&P 500 index is expected to decline over 10% this year despite two-digit percentage drops in WTI crude oil prices. Paulsen's analysis of data since the 1970s shows that historically, whenever oil prices spike and subsequently fall, the S&P 500 has experienced periods of consolidation or direct declines as investors recognize the economic damage from oil shocks.

According to South Korean investment banking industry sources, Hillhouse Investment withdrew its takeover bid for Aegis Asset Management today (July 6). The overseas private equity firm, selected as the preferred bidder in late 2025, cited price valuation disagreements as the reason for abandoning the transaction. The two parties were unable to narrow their positions on the acquisition price.

According to The Block, on Monday, President Trump called himself a "big crypto guy" during the launch of Trump investment accounts for children, while attempting to distance himself from his family's cryptocurrency ventures. Trump said he supports crypto due to its political importance and business potential, noting that "a lot of money" is flowing into bitcoin and other digital assets. However, when pressed about his family's World Liberty Financial, which holds hundreds of billions of dollars

According to CoinMarketCap, today PYTH surged 16.98% to $0.04619, leading gains among top-100 cryptocurrencies, while M dropped 20.26% to $1.15, posting the steepest decline. DEXE gained 13.16% ($27.65), LIT rose 8.66% ($2.66), and AAVE climbed 8.05% ($96.17). Among decliners, BEAT fell 13.36% ($2.41), VIRTUAL slid 3.93% ($0.5457), and SPX shed 3.27% ($0.389).

According to Coinglass, over $74.5 million in positions were liquidated across crypto markets in the past hour, with Bitcoin accounting for $45.65 million and Ethereum $22.07 million. Short positions accounted for $71.85 million of total liquidations.

According to PPP, Portugal will face Spain in the FIFA World Cup round-of-16 on July 7 at 3 a.m. (UTC+8).

According to Yonhap InfoMax, on July 6 (U.S. Eastern time), U.S. 10-year Treasury yields fell 2.20 basis points to 4.464% following the Independence Day holiday break. The 2-year yield declined 2.10bp to 4.118%, while 30-year yields dropped 0.90bp to 4.978%. Yields declined after rising for four consecutive trading days leading up to the holiday, with modest jobs data released on July 2 continuing to temper expectations for rate increases.

According to its announcement today (July 6), Hong Kong Television Broadcasts (HK00511) granted a total of 2.4 million share options to nine employees, including five senior management. Each option is exercisable at HK$2.29 per share and can be exercised within ten years until July 5, 2036. The company's board also granted 400,000 restricted stock units to Chairman and major shareholder Tao Xu today, representing approximately 0.09% of issued shares.

According to CNBC's Jim Cramer on Monday (July 7), semiconductor stocks staged a comeback following last week's sharp sell-off, with Intel, Arm, and Broadcom all gaining over 3%. Cramer attributed the rebound to a "revenge trade," suggesting investors were returning to the semiconductor group after heavy losses. Broadcom's advance was bolstered by news that the chipmaker extended its partnership with Apple through 2031 to develop and supply custom chips, marking a significant long-term win for t

According to Bank of Canada's quarterly business leaders survey, Canadian enterprises have lowered their inflation expectations following the mid-June ceasefire agreement in the Middle East, with concerns about trade also easing. The survey, conducted in May before the U.S.-Iran peace accord, showed that firms had worried high oil prices would erode demand, economic growth, and sales. A subsequent survey of business leaders indicates these concerns are now subsiding, with inflation expectations

According to ARK Invest's podcast on July 3, Cathie Wood said Bitcoin has entered a bottoming process and expects a volatile uptrend to resume. Wood cited the Bitcoin-to-gold ratio holding near mid-2023 levels as evidence that the worst is likely behind the market. She maintains a $730,000 base case and $1.25 million bull case prediction for Bitcoin by 2030, arguing capital outflows from less stable countries will support the asset. Bitcoin was trading at $61,936 at the time of writing.

According to Bloomberg, the two index arbitrage teams under hedge fund Millennium Management made a combined profit of approximately $3.7 billion in June, accounting for more than half of the fund's roughly $6.6 billion in pre-tax gains for the month. The teams, led by Glen Scheinberg in New York and Pratik Madhvani in Dubai, capitalized on concentrated trading opportunities from the S&P 500 quarterly rebalance, Nasdaq-100 quarterly changes, Russell annual adjustments, and other index-related ev

According to Bitcoin.com News, SpaceX raised approximately $75 billion and closed at a $2.1 trillion valuation on its June 12 Nasdaq debut. The company holds 18,712 BTC in its corporate treasury, worth roughly $1.29 billion. SpaceX's first-generation orbital AI satellite, AI1, spans 70 meters and carries compute capacity averaging 120 kilowatts, peaking at 150 kilowatts.

Gate News message, several significant token unlock events are scheduled for the upcoming week. RAIN tops the list with an unlock value of $757.09M, followed by ADI at $40.86M and STABLE at $29.84M. Other notable unlocks include JTO ($8.24M), APT ($6.15M), VELVET ($5.35M), and TX ($5.12M).

According to CoinGlass, over $314 million in crypto contracts were liquidated in the past 24 hours as of July 6, affecting 78,908 traders globally. Long positions accounted for approximately $180 million of total liquidations, while short positions represented $134 million, giving bulls a 57% majority. The largest single liquidation occurred on the Hyperliquid platform's BTC-USD contract at $5.68 million. Bitcoin and Ethereum were the primary assets under liquidation pressure, with $137 million