Gate Crypto Flash News and Market Updates

According to chief economists from Allianz and BNP Paribas, the U.S. Federal Reserve needs to raise interest rates this year despite Thursday's data showing weakness in the American labor market. The analysts, speaking at an event in Aix-en-Provence, France, noted that while the European Central Bank is not inclined to tighten monetary policy and may have already completed its rate-hiking cycle, the U.S. faces persistent inflation pressures that require further Fed action.

According to Ludovic Subran, chief economist at Allianz, speaking on Bloomberg Television, U.S. June non-farm employment data has indeed been weak. However, he maintains that inflation will likely peak above 3.7%, with the American economy still supported by artificial intelligence, fiscal spending, and energy factors. Subran predicts the Federal Reserve may be forced to raise interest rates in September, marking a key policy divergence between the United States and Europe.

According to market analyst Diana, XRP broke above the key $1.08 resistance level on July 3, with the token trading at $1.11 per CoinCodex data. The breakout has reignited bullish momentum, with $1.30 identified as the next major upside target. On South Korea's Upbit exchange, 24-hour XRP trading volume surged to approximately 113.18 million tokens, outpacing Bitcoin and signaling growing investor interest. Before reaching $1.30, XRP must overcome intermediate resistance levels at $1.145–$1.15 a

Germany's 2027 draft budget outlines net borrowing of €118.7 billion and €117.5 billion allocated for investment spending, according to budget documents released.

According to Odaily, Chinese venture capital institutions are rapidly redirecting investment toward Physical AI and World Models. Current funding distribution across major AI sectors shows: Large Language Models at $235.6 billion, AI Infrastructure and Technology at $157.4 billion, Physical AI at $133.6 billion, AIGC Applications at $87.9 billion, and Autonomous Driving and other emerging segments at $38.2 billion. The shift reflects declining capital for early-stage foundational model developme

Vancouver benchmark housing prices declined 6 percent year-over-year in June, while housing sales increased 9.6 percent over the same period.

On Friday (July 3), the Dubai Financial Market General Index closed up 1.14% at 6,059.14 points, gaining 0.68% for the week. The Abu Dhabi Securities Market Index rose 0.93% to 9,900.80 points, up 0.21% on the week.

European Central Bank President Christine Lagarde said she does not rule out the possibility of leaving her position early to pursue a political career in France. "It is a possibility," she said when asked if this could be an option if uncertainty subsides, adding "I think there is a need for Europe's voice to be heard in French presidential candidate debates." Lagarde reiterated her earlier comments that given current turbulent times, the ECB's leadership should remain at the helm.

According to NASA, the space agency and Arizona-based startup Katalyst launched a robotic spacecraft named LINK on Thursday (July 3) to rescue an aging observation satellite and demonstrate advanced orbital capture technology. The half-ton spacecraft was designed specifically to rescue the Neil Gehrels Swift Observatory satellite, valued at approximately $500 million. LINK will secure the aging satellite and move it to a higher, more stable orbit, potentially extending its operational lifespan b

According to its latest response to ESMA's market structure consultation, the World Federation of Exchanges warned that bilateral trading growth in European equities risks weakening price discovery mechanisms. Data cited by WFE shows bilateral trading increased from 25% to 35% of European share trading volume between 2020 and 2025, while primary exchange trading declined from 38% to 30% over the same period. WFE's core concern: bilateral trades rely on prices formed by lit public markets rather

According to Foresight News, Web3 wallet SafePal has integrated Robinhood L2 mainnet and launched support for native stock token trading on Robinhood Chain. SafePal has partnered with perpetual contract DEX platforms to enhance liquidity and trading depth for tokenized assets. The wallet currently supports xStocks and Ondo, providing users with on-chain investment access to stocks including NVIDIA and Tesla, S&P 500 ETF, and commodities such as gold.

Blockchain Life 2026, one of the largest annual Web3 and cryptocurrency industry forums, will take place in Dubai on December 1–2, 2026. The two-day event is expected to attract more than 15,000 attendees from over 130 countries, with participation from 200+ speakers and 200+ exhibitors across three stages. A new addition to this year's program is the AI Future track, debuting at Blockchain Life to focus on artificial intelligence developments, robotics, and the convergence of AI with blockchain

According to Foresight News, Aave announced a new savings application launching soon, with users able to join a waitlist. Early access will be prioritized for those who invite friends to register. Specific product details and launch date have not yet been disclosed.

According to Strategy's investor relations lead Chaitanya Jain, STRC is recovering following recent volatility. The company targets maintaining a long-term trading price range of $99–$100 through variable dividend rates, increased dollar reserves, enhanced Bitcoin rating, removal of convertible bonds, share buybacks, and feature upgrades.

Poland's copper producer KGHM Polska Miedz SA signed a memorandum of understanding with Pomeranian Province on July 3 to cooperate on the Puck potash-magnesium salt mining project, based on the Mierochowin deposit. The deposit holds an estimated geological resource of over 303 million tons. KGHM will prepare documentation needed to apply for mining concession rights, with regulatory approvals expected to take approximately 6 years.

Asia's naphtha refining margins rose 38% this week, driven by signs of stronger demand despite ample spot market supply. On Friday, the product's crack spread against Brent crude fell approximately $6 to $132.65 per metric ton, with August cargoes trading at $668.75/mt. Asian ultra-low sulfur fuel oil (ULSFFO) price gains narrowed as market sources expected fresh supply arrivals.

According to Jin10, Guizhou's provincial government released an upgrade action plan on July 3 aimed at transforming baijiu from a commodity to a lifestyle brand. The province will launch a three-year export initiative encouraging companies to innovate export models, establish overseas showrooms, and develop products tailored to international consumer preferences. At least 6 "Qianzhou Baijiu Global Tour" events will be held annually, leveraging embassy and trade association channels to promote th

According to Yonhapinfomax, the U.S. dollar weakened against the Korean won on July 3, falling 24.30 won to 1,531.50 won by 9:03 PM KST in the Seoul session, tracking declines in USD/JPY. Japanese Chief Cabinet Secretary Minoru Kihara signaled heightened vigilance over recent currency moves, boosting intervention expectations in the yen market. South Korea's International Economic Management Official Moon Ji-sung told Yonhapinfomax that a USD/KRW rate in the 1,500s "is difficult to justify given

Meitu announced that founder, chairman and CEO Wu Zeyu purchased 1.6 million shares of the company in the open market on the Hong Kong Stock Exchange today (July 3) at an average price of HK$4.023 per share. Following the purchase, Wu's total shareholding increased to 595 million shares, representing approximately 12.97% of the company's issued capital, up from 12.93%.

According to Bloomberg, Continental AG (CON.GR) stock rose 2.3% as the company moved closer to finalizing an agreement to sell its ContiTech division to Lone Star at a €4 billion valuation.