Gate Crypto Flash News and Market Updates

According to China's Foreign Ministry, on July 3, Beijing rejected criticism from the U.S. and EU over a new ethnic unity law that took effect on July 1. Foreign Ministry spokesman stated that the countries acted from ideological bias and political motives, accusing them of spreading false allegations while interfering in China's internal affairs.

According to Foreign Ministry spokesperson Guo Jiakun on July 3, China responded to Indian Prime Minister Modi's statement that Japan and India will strengthen cooperation in critical minerals. The Foreign Ministry said international cooperation should enhance mutual understanding and trust between regional countries and maintain regional peace and stability, rather than target third parties or damage their interests. The statement opposed exclusive "small circles" and called on all nations to m

China's Foreign Ministry rejected a US National Oceanic and Atmospheric Administration (NOAA) fishing report on July 3, calling it politically motivated. Foreign Ministry spokesperson Guo Jiakun stated that the US determination lacks factual and legal basis, and aims to undermine China's distant-water fishing development. The ministry expressed strong dissatisfaction and firm opposition, urging the US to reflect on its own actions rather than make unfounded accusations.

According to Chinese Foreign Ministry spokesperson Guo Jiakun on July 3, China called for proper resolution of Hormuz Strait navigation issues. The strait is a critical international waterway, and early restoration of safe, free passage serves all parties' interests, Guo said. China is willing to maintain communication with relevant countries and the international community on this matter.

According to China's Foreign Ministry, Namibian President Nandi-Umdumbe will conduct a state visit to China from July 5 to 11, marking his first official visit to the country since taking office. The delegation will visit Beijing as well as Guangdong and Sichuan provinces.

According to traders, TotalEnergies is supplying millions of barrels of Iraqi crude oil to Asian buyers on July 3, including Basrah Light and Basrah Heavy grades. The French energy giant is offering collection and freight services to Asia-based customers, contrasting with Iraqi National Oil Marketing Organization's previous spot market sales requiring buyers to arrange vessels through the Strait of Hormuz.

According to Coinglass, Binance received net inflows of 39.24 million USDT in the past hour.

According to BeInCrypto Research and RWA.xyz, 56% of the tokenized real-world asset market showed no weekly on-chain transfer activity as of May 2026, despite the sector reaching approximately $60 billion in total value. The concentration is severe: just 62 assets account for about 88% of total tokenized RWA value, indicating that many tokenized assets exist on-chain but remain inactive and are not actively circulating or trading.

According to Reuters, Meta CEO Mark Zuckerberg admitted on July 2 during an internal town hall that the company's artificial intelligence development has faced challenges, with AI agents progress lagging behind expectations. He noted that over the past four months, development trajectory has not accelerated, and the organization's restructuring pace was "not fast enough," with misjudgments on timing. Meta plans to invest $145 billion in AI infrastructure this year. Zuckerberg expects these inves

According to ripple.com, Ripple joined the Open USD (OUSD) stablecoin consortium on June 30, 2026. The consortium includes major traditional finance players such as Visa, Mastercard, and BlackRock. The group's OUSD stablecoin does not run directly on the XRP Ledger, meaning the development complements rather than replaces existing XRP functionality.

According to TRON DAO, the blockchain network activated post-quantum signature support on its Nile Testnet on July 2, 2026, using standards developed by the U.S. National Institute of Standards and Technology (NIST). The upgrade is designed to strengthen the network's resilience against future security risks associated with advances in quantum computing. The Nile Testnet serves as a testing environment for developers to evaluate the quantum-resistant technology before potential deployment on TRO

According to Foresight News, Quant has joined the x402 Foundation, hosted by the Linux Foundation, as announced by Quant founder Gilbert Verdian. The blockchain interoperability provider's Quant Fusion Layer 2.5 multi-ledger Rollup solution now supports the x402 standard across more than 70 networks.

According to Foresight News, a monitored smart money address closed out short positions in Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin early today, collecting cumulative profits exceeding $2.727 million. The address had previously earned $4.15 million by taking long positions in SKHX, MU, and INTC.

UK two-year gilt yield declined 5 basis points to 4.091%, reaching its lowest level since June 26.

According to CCTV, Moldova's Prime Minister Alexandru Munteanu announced his resignation on July 3, citing his inability to continue upholding his principles and beliefs.

According to Jin10 Futures, on July 3, the Shanghai Futures Exchange's energy and chemical product inventories showed mixed movements. Pulp warehouse inventory increased by 2,124 tons to 278,693 tons, while fuel oil warrants declined by 17,500 tons to 33,660 tons. Petroleum asphalt warehouse inventory decreased by 6,600 tons to 9,310 tons. Most other contracts, including medium sour crude oil, low-sulfur fuel oil, and glassine paper, maintained flat levels across both warehouse and factory stora

According to Cailian Press, on July 3, China's A-share indices closed with mixed gains as the Shanghai Composite Index rose 0.37%, the Shenzhen Component Index gained 0.64%, and the ChiNext Index edged up just 0.07%. The robotics concept dominated market action, with over 40 component stocks hitting daily limits. The gold sector extended its strength with multiple gainers, while the power grid equipment sector advanced. The semiconductor materials sector pulled back, with multiple stocks declini

Spain's composite PMI for June rose to 53.3, exceeding the forecast of 50.9 and the prior month's reading of 50.2, signaling stronger-than-expected economic activity in the eurozone's fourth-largest economy.

According to the China Association of Automobile Manufacturers, auto commodity imports and exports reached $29.46 billion in May 2026, up 17.6% year-over-year. Exports surged to $25.85 billion, up 25% from the same period last year, while imports fell to $3.61 billion, down 17.7% year-over-year.

According to BlockBeats, on July 3, Japan's Chief Cabinet Secretary Minoru Kihara stated that the government will not implement fiscal policies that undermine market confidence and will maintain close cooperation with the Bank of Japan. He emphasized that monetary policy falls within the Bank of Japan's jurisdiction and interest rate movements should be determined by market forces.