Gate Crypto Flash News and Market Updates

According to a Reuters investigation disclosed on July 2, President Trump's family earned approximately $2.3 billion from four cryptocurrency projects while putting up little to no capital, and outside investors lost nearly the same amount across those ventures. World Liberty Financial raised $1.4 billion through token sales, with the Trump family entitled to 75% of proceeds and holding a 60% stake. One investor, ALT5 Sigma, purchased $717 million in WLFI tokens and routed over $500 million to t

On July 2, Ondo Finance announced the launch of what it described as the first live platform enabling third-party tokenized U.S. securities to operate within existing regulatory frameworks. The platform tokenizes shares of BlackRock's iShares Core S&P 500 ETF and Micron Technology on the Ethereum blockchain, with tokens backed one-to-one by underlying shares held in regulated custody. Oindo has partnered with Broadridge Financial Solutions to provide token holders with shareholder rights, includ

According to analyst Rekt Capital, Bitcoin may not have reached a bear market bottom, with approximately 270 days elapsed since the 2025 peak compared to historical averages of around 365 days. In a YouTube analysis, Rekt Capital notes that historical market cycles suggest additional downside remains possible, though a short-term relief rally could occur before further consolidation. Based on comparisons with 2018 and 2014 cycles at similar timepoints, the analyst concludes it is "a little bit p

According to Raymond James, the investment bank recently upgraded Aecon Group Inc. to Outperform from Market Perform, citing upside potential from a CA$1.7 billion data center power contract the company recently secured. Aecon's Toronto-listed shares rose as much as 5.5% following the rating upgrade.

According to PANews, privacy computing project Sunscreen announced it has been acquired by Fhenix on July 3. Sunscreen's team will join Fhenix to advance production-grade fully homomorphic encryption (FHE) infrastructure. The project's codebase will continue to be maintained and provided under the AGPL open-source license.

Lawyers and industry executives expect EU regulators to enforce MiCA differently as the cryptocurrency rulebook's transition period ends on July 3, 2026. Unauthorized crypto companies are required to wind down operations under the new enforcement approach, signaling a shift from the transition phase to full regulatory implementation.

According to Belgian authorities, a suspected European phishing gang leader was arrested on Jul 3 after allegedly stealing over $572,000 from victims. The gang laundered the proceeds through cryptocurrency before law enforcement intervened.

According to BlockBeats, on July 3, semiconductor research firm SemiAnalysis reported that JEDEC announced the SPHBM4 standard (JESD330-4), which uses the same HBM4 DRAM stack but with different buffer chips. The standard aims to enable HBM assembly in standard packaging while reducing reliance on costly and supply-constrained advanced packaging. Unlike traditional HBM requiring proximity to GPUs, SPHBM4 uses high-speed serial channels, allowing memory placement up to 20 millimeters away. This e

According to Reuters, three Japanese companies are considering purchasing Iranian oil for the first time since 2019, with negotiations underway during a 60-day U.S. sanctions waiver period that began on June 22 and expires on August 21. The potential buyers are seeking Washington to extend the waiver and provide guarantees regarding vessel security.

According to Coinglass data, if ETH falls below 1,660 dollars, cumulative long liquidations on major CEX will reach 891 million dollars. Conversely, if ETH breaks above 1,821 dollars, cumulative short liquidations on major CEX will reach 389 million dollars.

According to Jin10, Venezuela's largest refinery, Amuay, resumed operations on Friday (July 3) following a power outage. The facility, which has a daily processing capacity of 645,000 barrels, is currently processing approximately 140,000 barrels per day of crude oil. Its fluid catalytic cracking (FCC) unit has also resumed operations. The outages followed two earthquakes last week that caused severe casualties across Venezuela's refinery sector. A separate source also reported that the El Palit

According to Lookonchain, the U.S. Bitcoin ETF saw net outflows of 588 BTC today (July 3), while outflows reached 22,189 BTC over the past seven days. Meanwhile, the Ethereum ETF recorded net inflows of 6,105 ETH today, though it posted net outflows of 1,915 ETH over the same seven-day period.

According to Bank of America analysts, despite European economic recovery, growth acceleration is unlikely to significantly boost regional stocks, according to a report released Friday. While German fiscal stimulus is taking effect and the eurozone is expected to see a rebound in domestic demand by year-end, with inflation easing and the European Central Bank adopting a less hawkish stance, analysts maintained their cautious outlook on equity valuations.

According to ChainCatcher, KR1, a London-listed digital asset technology company and backer of Lido, transferred 3.7 million LDO to cryptocurrency exchange Kraken an hour ago, valued at approximately $990,000 at current prices, as monitored by blockchain analyst Yan Jing.

According to Gnosis, the Gnosis Pay service suffered a security vulnerability on June 1 that allowed attackers to exploit signature verification flaws in Zodiac's Delay Module and Roles Module. Hackers used the defect in ERC-1271 signature validation logic to forge withdrawal authorizations and drain approximately 1.5 million USD from user wallets. Gnosis has covered all losses and completed user refunds. The company has restored over 99% of services and expanded security audits and dependency m

According to BlockBeats, citing HyperInsight monitoring on July 3, trader Huang Licheng's address continued building a long position in Ethereum, currently holding 5,325 ETH with 25x leverage. The entry price averaged $1,655.27, and the position shows an unrealized profit of $500,000.

Gate News message, BlackRock has experienced 10 consecutive trading days of net BTC outflows, with a total of 35,980 BTC ($2.24 billion) withdrawn during this period.

According to a recent post on X, Michael Saylor claimed that MicroStrategy (MSTR) ranks higher than Apple and Nvidia in market interest and engagement metrics. The chart Saylor attached measured financial platform engagement and buzz rather than traditional fundamentals like revenue or earnings, positioning MSTR ahead of two of the world's most widely followed stocks.

According to DesRosiers, Canada's motor vehicle sales increased 1.9% year-over-year in June.

According to sources, Venezuela's Amuay refinery resumed operations after a power outage with daily capacity of 645,000 barrels.