Gate Crypto Flash News and Market Updates

According to the China Meteorological Administration and Ministry of Transport, the administration issued an orange-level rainstorm warning on July 3 at 6 p.m., while the ministry simultaneously activated its second-level response for heavy rainfall. The coordinated action reflects heightened preparedness for severe weather conditions across the country.

According to the China Securities Regulatory Commission on July 3, Beijing Junzheng Integrated Circuit Co., Ltd. (300223.SZ) received regulatory approval for Hong Kong IPO. The company plans to issue no more than 61,658,000 overseas-listed common shares and list on the Hong Kong Stock Exchange main board, with Guotai Huantong as sole sponsor. The company previously submitted its listing application to the HKEx on May 26.

According to a Reuters survey conducted in July, the Canadian dollar is expected to appreciate 4.3% over the next 12 months, reaching 1.36 against the U.S. dollar, up from the June forecast of 1.34. For the next three months, the CAD is projected to strengthen 1.3%, reaching 1.40 per U.S. dollar, compared to the prior month's estimate of 1.37.

According to SEC Chair Paul Atkins, on June 30, the SEC outlined a new cryptocurrency regulatory plan to clarify which digital assets are securities and subject to SEC jurisdiction. The SEC has also signed a historic memorandum of understanding with the CFTC to unify key definitions and coordinate regulatory oversight between the two agencies, aiming to replace regulatory ambiguity with clear rules for issuers, investors, and entrepreneurs.

According to BlockBeats, Open Standard announced the launch of stablecoin Open USD (OUSD) on July 3, claiming participation from 140+ global financial and payment firms including Visa, Mastercard, BlackRock, and Samsung Electronics, with planned launch within the year. However, multiple South Korean companies stated they had no formal negotiations with OUSD's issuer. Samsung Electronics said it had "no formal discussions and is unaware of its role in the alliance." Shinhan Financial Group, Dunam

According to Bangko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan, banks, e-wallet operators, and other supervised financial institutions must comply with new digital transfer fee rules by July 4. Under Circular No. 1238, institutions must adopt a "reasonable and fair market-based pricing mechanism." The key rule: if same-bank transfers are free, transfers between different banks should cost only the switch fee—approximately P1.50 for InstaPay transactions. Institutions failing to comply

According to Jin10, CNPC Chairman Dai Houliang met World Petroleum Council President Pedro in London on July 2 (local time). The two exchanged views on deepening practical cooperation. Dai stated that the World Petroleum Council, as a leading international energy organization, plays an important role in formulating industry governance rules and promoting technological innovation. He noted that China is an important member state of the council and CNPC is a deep participant in its affairs, expres

According to New Automotive, BYD UK reported June new vehicle sales of 2,999 units, representing a 9.01% year-over-year increase.

According to CoinDesk, semiconductor and memory ETFs have declined sharply since June. The Roundhill Memory ETF (DRAM) has fallen 25% from its June peak, while VanEck Semiconductor ETF (SMH) has dropped about 12% during the same period. The selloff followed reports that Meta is moving forward with selling surplus GPU capacity, sparking declines across AI infrastructure stocks and compute service providers. Bitcoin has rebounded from its two-year low amid the broader pullback in technology stocks

According to Whale Alert, Circle minted 250 million USDC on Solana on July 3 at 18:17 UTC, valued at approximately $250 million. The new tokens were issued through USDC Treasury.

According to Yonhapnews, South Korea's government announced on July 3 its plan to build a low-orbit satellite communication network comprising hundreds of satellites by 2035. The project is considered core infrastructure for national security and communications sovereignty, as well as a strategic foundation supporting the 6G era. The construction is expected to strengthen South Korea's satellite and launch vehicle research and manufacturing capabilities.

According to French media on July 3, Interpol issued a red notice to apprehend a 39-year-old Ukrainian woman suspected of carrying out the bombing in Monaco on June 29. She is accused of attempted murder and deliberately placing an explosive device on a public road. A bomb detonated when three people approached an unidentified package placed in the entrance of a building, injuring all three, with two suffering serious injuries. French publication Figaro reported she is the primary suspect in the

According to BlockBeats, on July 3, Bitget upgraded its institutional fee framework covering PRO membership and liquidity incentive programs. The upgrade extends to crypto assets, equities, precious metals, commodities, and indices, offering refined fee structures and market-making support tailored to different asset classes for professional traders, market makers, and liquidity providers.

According to financial industry sources, Mirae Asset Securities submitted a filing on June 29 to issue 1.26 trillion won in commercial paper. SK Hynix is set to participate as an investor in the offering, according to market reports.

According to Bloomberg, on July 3, Spotify demanded that prediction market platforms Kalshi and Polymarket remove its logo and clarified that no partnership exists between them. The action followed Spotify's discovery of manipulated song charts used to settle prediction market contracts. Spotify identified and removed over 500,000 anomalous plays that had artificially boosted a song to the top of its U.S. chart. The fraudulent streaming data was subsequently used to settle a Kalshi prediction ma

Bitcoin broke through $62,000 today (July 3), gaining 0.66% over the past 24 hours.

According to MoneyDJ, Hong Kong's Hang Seng Index closed at 23,350.03 points today (July 3), up 295 points or 1.28%, reversing to green on the daily chart. The Hang Seng Tech Index rose to 4,499.00 points, up 44.72 points or 1.00%. On a weekly basis, the Hang Seng Index has gained 2.99%, supported by gains in major tech stocks.

According to Yevhenii Balitskii, the Russian-appointed governor of Zaporizhzhia, Ukrainian armed forces conducted a drone strike on a market in the region on July 3, killing 5 people and wounding 18. Balitskii stated that drone strikes were continuing and local medical resources had been mobilized for treatment.

Robinhood Europe expanded perpetual futures offerings for eligible EU users, adding crypto perps tied to XRP, Cardano, Sui, Solana, Bitcoin, Ethereum, Dogecoin, Avalanche, Chainlink, Hyperliquid, Bittensor, Aster, and PAX Gold. The company also rolled out perpetual futures linked to commodities, ETFs, and foreign exchange markets for users across 30 European countries, with leverage of up to 10x. New products include gold, silver, crude oil (Brent and WTI), EUR/USD, QQQ, and South Korea-focused

According to Bitcoin.com News, Michael Saylor pitched bitcoin-backed digital credit at Goldman Sachs' Digital Assets Conference in London late June, highlighting a market that has grown to $11 billion. Saylor argued that companies can borrow against bitcoin holdings to issue yield-bearing instruments, positioning bitcoin as both a treasury reserve asset and a source of durable income. Strategy Inc. (Nasdaq: MSTR) now holds 847,363 BTC, worth approximately $50.9 billion as of late June, cementing