Gate Crypto Flash News and Market Updates

According to BlockBeats, on July 2, U.S. short-term rate futures surged following non-farm payroll data release, prompting the market to push back its rate hike expectations. The market now fully anticipates a December rate hike, delayed from prior expectations of an October increase.

According to Xinhua News Agency, Amazon successfully launched 29 satellites for its low-earth orbit internet project on July 2 at 00:30 ET (12:30 Beijing time) using United Launch Alliance's Atlas V rocket from Cape Canaveral Space Force Station in Florida. The satellites have been deployed to their designated orbit as planned.

The 10-year U.S. Treasury yield fell 1.76 basis points to 4.457% following the release of the Non-Farm Payroll report on July 2.

Spot gold surged to $4,120 per ounce following the nonfarm payroll data release on July 2, gaining 2.20% during the trading day.

According to the U.S. Bureau of Labor Statistics on July 2, April nonfarm payroll gains were revised down to 148,000 from 179,000, while May figures were cut to 129,000 from 172,000. The combined downward revision for both months totaled 74,000 jobs.

According to Goldman Sachs, on Thursday the bank stated that investor appetite for Magnificent Seven names has declined in favor of artificial intelligence beneficiaries, particularly semiconductor companies. Derivatives specialist Brian Garrett noted that markets are rewarding companies generating returns from AI investments while questioning those bearing heavy spending burdens. He attributed the shift to hyperscalers such as Google, Meta, Microsoft, and Amazon pouring hundreds of billions int

On July 6, 2026, Pick n Pay asap! will launch Penny, an AI-powered grocery shopping assistant built on Google's multimodal Gemini AI. Available in the latest version of the app, Penny allows customers to build shopping baskets through voice, text, or photo inputs without manual product searches. The assistant supports multilingual voice notes, handwritten shopping list photos, recipe ingredient uploads, meal planning, and personalized product recommendations integrated with the Smart Shopper loy

Shares of CoreWeave Inc. (CRWV) declined 14% on Wednesday, marking their worst single-day fall in more than four months, amid reports that Meta Platforms Inc. (META) is developing a cloud computing business to sell excess AI compute capacity to external customers. Analysts remain confident in CoreWeave's business. According to TheFly, Rosenblatt said channel checks show no change in hyperscalers' demand for GPU computing capacity and noted that Meta does not have the right to resell CoreWeave ca

U.S. manufacturing employment added 30,000 jobs in June, meeting expectations. The figure represents a decline from the prior month's 70,000 job gain, according to employment data.

According to Jin10, China's Bank of China and the Asian Infrastructure Investment Bank successfully closed a five-year cross-border RMB loan project for Uzbekistan Telecom on July 2, with total financing exceeding 700 million yuan. The project uses RMB as the settlement currency throughout, enhancing capital efficiency and expanding cross-border RMB settlement applications in Central Asia.

According to European media on July 2, the European Commission plans to unveil a proposal to ban minors from using social media across the EU in September. Commission President Ursula von der Leyen is expected to announce the initiative on September 16 during her annual State of the European Union address to the European Parliament.

U.S. seasonally adjusted manufacturing payrolls increased by 3,000 in June, matching expectations. The prior month's figure was significantly revised downward to -2,000 from an initially reported +7,000.

U.S. average hourly wages grew 3.5% year-over-year in June 2026, matching economist forecasts. The reading was up from 3.4% in the prior month.

Initial jobless claims in the United States came in at 215,000 for the week of June 27, below the consensus forecast of 218,000 and matching the previous week's level of 215,000.

U.S. average weekly working hours held steady at 34.3 hours in June, matching both economist forecasts and the prior month's level, according to labor data.

U.S. average hourly earnings increased 0.3% month-over-month in June, matching the expected figure and the prior month's reading of 0.3%.

U.S. seasonally adjusted nonfarm payroll employment added 57,000 jobs in June, according to data from the Bureau of Labor Statistics, falling significantly short of the 110,000 expected. May's figure was revised down to 129,000 from the previously reported 172,000.

U.S. jobless claims fell to 215,000 for the week ended June 27, below the forecast of 220,000, according to Labor Department data. The prior week's reading was revised upward to 216,000 from the previously reported 215,000.

The U.S. U6 unemployment rate (underemployment and joblessness measure) dropped to 7.9% in June, coming in lower than the 6.2% forecast. The rate declined from 8.10% in the prior month.

According to U.S. Department of Labor data, initial jobless claims for the week ending June 27 registered a four-week average of 222,000, with the prior week revised upward to 224,500.