Gate Crypto Flash News and Market Updates

According to JPMorgan Chase's Data Center Watch report on July 1, LLM token usage on the OpenRouter platform surged 70% month-over-month and 20-fold year-over-year in June, with prices rising only 5% year-over-year despite increased consumption. U.S. models captured 85% of total consumption spending. Meanwhile, GPU rental prices across non-cloud providers advanced across the board: A100 increased 6.3%, H100 rose 3.7%, and B200 climbed 2.7%, indicating sustained strength in AI hardware demand.

According to JPMorgan Chase's research report released on Wednesday (July 1), the AI industry's profit gap between semiconductor makers and cloud service providers has widened to unsustainable levels. The bank predicts the five major cloud service providers (Google, Amazon, Meta, Microsoft, and Oracle) will spend $758.1 billion on capital expenditures in 2026, doubling year-over-year, and rising to $925 billion in 2027. However, growth is expected to decelerate sharply to 22% in 2027 and decline

According to an official announcement, BitMart has launched DATA/USDT perpetual futures contract on July 3 at 18:00 UTC+8, supporting up to 20x leverage.

According to sources, Central Tank Terminal, a Japanese liquid storage company owned by KKR, is attracting multiple bidders including MBK Partners, Actis, and Bain Capital. The transaction is valued at over $600 million including debt.

Irish authorities seized 500 Bitcoin in criminal proceeds on July 3, bringing the Criminal Assets Bureau's 2026 total to approximately 1,500 BTC, valued at around $92 million.

According to Iran's Islamic Republic News Agency (IRNA), Iranian Parliament Speaker Mohammad Baqer Qalibaf stated that the United States and Israel have failed to achieve any of their objectives in the conflict. He added that all parties have now concluded that military operations against Iran have failed.

According to Dutch bank ING analyst Francisco Pesole, Japan likely intervened in the yen exchange rate on Thursday, with USD/JPY declining below 161.00 even before weaker U.S. non-farm payroll data further pressured the currency. Pesole noted that initial weakness could not be ruled out as resulting from foreign exchange intervention. Despite some yen recovery, risks of further intervention remain as Japan typically acts around holidays and spreads operations across multiple days.

According to First Financial, Alibaba has banned Claude Code for all employees in office environments starting July 10 due to reported security vulnerabilities, including potential backdoor risks. The company has classified the tool as high-risk and recommends Qoder as an alternative.

Sumsub has joined the idOS Consortium and taken a seat on the idOS Association Governance Committee, advancing reusable KYC infrastructure for Web3. The move builds on production collaboration between the two organizations and extends Sumsub's identity strategy beyond verification products into the governance layer of decentralized identity infrastructure. Reusable KYC allows users to complete verification once and reuse that credentials across multiple services, reducing repetitive onboarding c

According to Foresight News, Bybit launched USDT perpetual futures contracts for FLEX (Flex), CRWD (CrowdStrike), and HIMS (Hims & Hers) today. Trading is now open with maximum 20x leverage support for all three products.

According to Chainalysis, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned 134 cryptocurrency wallets tied to ISIS-K this week, with 131 operating on the Tron blockchain and three on Monero. The sanctioned Tron wallets received over $1.4 million since 2023 and sent more than $880,000 during that period. Stablecoin issuer Tether has frozen balances affiliated with all 131 sanctioned Tron wallets.

According to state-owned Russian media, Russia's digital ruble is ready for widespread use by September 1, with major banks and retailers prepared to accept it, Bank of Russia Governor Elvira Nabiullina said this week. "Technologically, everything is ready; we've done a lot of preparatory work," Nabiullina said during the Central Bank Financial Conference. The rollout follows a law passed last July mandating that systemically important banks accept the digital currency by the September 1 deadlin

According to the Financial Times, OpenAI has proposed offering the U.S. government a 5% stake worth roughly $42.6 billion, based on the company's $852 billion valuation from its March 2026 funding round. CEO Sam Altman pitched the idea directly to President Trump, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent. The proposed structure would model the Alaska Permanent Fund, a sovereign wealth vehicle established to distribute revenues to residents. Altman reportedly also w

According to the Financial Times, OpenAI CEO Sam Altman has proposed transferring a 5% stake in the company to the U.S. government, worth roughly $42.6 billion based on the company's $852 billion valuation from March 2026. Altman pitched the idea directly to President Trump, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent, framing it as a way to ensure Americans share in AI industry growth. The proposed structure would model a sovereign wealth vehicle similar to the Alask

According to BlockBeats, Illinois will implement a new crypto asset tax effective January 1, 2027. International law firm Jones Day advised crypto brokers operating in Illinois to promptly complete tax registration preparations and review trading records and compliance processes to prepare for the new regulation.

According to the Bank of England's decision-making committee, businesses' expectations for price inflation over the next year reached 4.1% in the three months through June, up 0.1 percentage points from 4.0% in the three months through May.

According to the Bank of England's decision-making committee, corporate wage growth expectations rose 0.1 percentage points in the three months to June, reaching 3.5%, up from 3.4% in the three months to May.

In June, the UK's official reserves declined to a deficit of $597.8 million, down from a deficit of $537 million in the previous month.

According to Citi research strategists including Adam Pickett, the firm has reduced its remaining long positions in South Korea's Kospi index and downgraded Asia emerging markets from overweight to neutral in its global asset allocation on Friday. The move follows Citi's U.S. strategists' recent downgrade of the semiconductors sector, with the firm noting that when semiconductor sector peaks, the overall market may top simultaneously.

The onshore yuan closed at 6.7804 per U.S. dollar at 4:30 PM Beijing time today, up 62 points from the previous trading day's official close and 26 points higher than yesterday's overnight close.