Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-07-03
07:04

China Cuts Domestic Oil Prices by 0.75 Yuan Per Liter on July 3, Marking Largest Cut This Year

According to CCTV Finance, on July 3 at 24:00, China's domestic refined oil prices will be reduced. The National Development and Reform Commission announced that 92-octane gasoline will decline by 0.75 yuan per liter, 95-octane gasoline by 0.79 yuan per liter, and diesel by 0.78 yuan per liter. This marks the largest price reduction within the year. Filling a 50-liter tank with 92-octane gasoline will save 37.5 yuan.
07:03

SEC Building More Orderly ETF Approval Process to Handle 200 Monthly Applications

According to SEC official Brian Daly, the agency is working toward a more orderly and asset-neutral process for approving exchange-traded funds following its June 30 public comment request on novel ETFs. Daly, director of the SEC's Division of Investment Management, said the regulator is assessing how to manage a rapidly expanding ETF pipeline while preserving investor protection. The SEC currently faces approximately 200 ETF applications per month, including increasingly complex products tied t
More
07:01

SpaceX Rises 2.8% to $162 as Daiwa Initiate Coverage With $175 Target on July 2

According to Barron's, SpaceX rose 2.8% to $162 on Thursday (July 2), defying caution from two new Wall Street research reports. The S&P 500 ended flat while the Nasdaq declined; the Dow gained 1.1%. Daiwa Securities analyst Jonathan Kees initiated coverage with a hold rating and $175 price target, valuing the company at approximately $2.4 trillion. Kees cited SpaceX's leadership in launch services, Starlink satellite communications, and xAI data center operations generating billions in revenue,
More
07:00

Binance Withdraws MiCA License Application in Greece, Suspends EU Services Ahead of July 1 Deadline

According to Binance executive Gillian Lynch, Binance withdrew its MiCA license application in Greece and suspended certain services and new registrations for EU users ahead of the July 1 deadline due to approval delays and regulatory uncertainty. Lynch stated that MiCA's success should be measured by the number of crypto companies brought into the regulatory system, and defended Binance's financial crime control measures against recent allegations reported by Wall Street Journal. Binance remain
More
06:57

SK Hynix Rebounds 17% From Today's Lows; SKHX 24-Hour Volume Surges to $880M on July 3

According to Hyperinsight, SK Hynix (SKHX) rebounded 17% from today's lows on July 3, with trading volume surging to $880 million in the last 24 hours. SKHX is now trading at $1,571, up 10% in 24 hours, as liquidations and stop-loss orders released liquidity amid the sharp intraday swing. Open interest declined to $250 million during the same period.
06:55

Bitwise: MSTR to Shift Role With $49.6B Bitcoin Holdings Under New STRC Framework

According to Bitwise CIO Matt Hougan, MSTR introduced a new digital credit capital framework that allows the company to flexibly sell bitcoin to pay dividends, no longer obligated to maintain STRC's $100 face value. Hougan noted that MSTR's bitcoin holdings total approximately $49.6 billion, with $2.6 billion in cash, far exceeding debt and preferred stock obligations, eliminating liquidation risk. While MSTR has been the world's primary bitcoin buyer and demand driver in recent years, Hougan ex
More
06:49

Smart Money Address Builds $2.06M Long Position in SK Hynix, Hits 115% Profit This Morning

According to BlockBeats, a smart money address (0x9a5) accumulated a $2.06 million long position in SK Hynix (SKHX) on Hyperliquid this morning with a 10x leverage, deploying approximately $184,000 in capital at an average entry price of around $1,413. As market sentiment recovered, SKHX rallied to $1,580, up about 17% from its low of $1,350 reached earlier today. The address currently holds an unrealized profit of 115%, equivalent to approximately $216,000.
More
06:49

Tencent Games Launches Summer Minor Protection Action with 3-Hour Weekly Gaming Limit, AI Safeguards Upgrade

Tencent Games launched its 2026 summer minor protection initiative on July 3, implementing a 3-hour weekly gaming limit and upgrading its AI-powered safeguard system. The company integrated dual AI models—Tencent's Hunyuan and DeepSeek—into its parental control feature, allowing guardians to manage accounts through conversational interactions. In-game, the health system now features AI patrol technology that dynamically assesses risk based on player behavior, complemented by biometric verificati
More
06:49

SMBC Nomura Strategist: Yen Cannot Sustain Appreciation Without Japan's Fiscal Consolidation

According to SMBC Nomura Securities strategist Makoto Noji on July 3, yen appreciation cannot be sustained without fiscal consolidation by the Japanese government. Noji noted that widening yield curve differences in Western bond markets reflect Japan exporting "bad" rate increases driven by fiscal concerns. He added that if the U.S. conducts interest rate checks similar to those earlier this year, yen appreciation could accelerate, potentially signaling U.S. pressure on Japan to improve its fisc
More