Gate Crypto Flash News and Market Updates

According to Odaily, Sui has upgraded its mainnet to version V1.74.1 with protocol synchronization to version 128. Key improvements include support for zero-gas stablecoin transfer transaction simulation to assist developers in testing applications, adoption of a timestamp-based epoch-ending mechanism to optimize network efficiency, and new static code-checking features for Move developers. The upgrade also enhances validator node connection handling and improves node restart stability to reduce

According to Odaily, Nvidia announced on July 1 a new AI infrastructure collaboration model based on revenue-sharing and credit support mechanisms. The company will partner with AI cloud service providers to build large-scale, multi-tenant AI factories using Nvidia's DSX AI Factory architecture, providing computing resources to startups, model developers, enterprises, and research institutions while generating recurring revenue linked to compute usage.

According to Odaily, Michael Burry recently expanded his short positions on AI-related assets, with newly disclosed targets including Tesla, Caterpillar, Applied Materials, and a semiconductor manufacturing tracking ETF. In a Substack post, Burry reiterated his bearish outlook on the AI sector, stating that South Korea's announcement of large-scale chip investment plans drove chip stocks higher but represents "the beginning of the end." He questioned whether sustained capital expenditure in the

According to BlockBeats citing Hyperinsight monitoring, the Hyperliquid Builder channel contributed $776 million in trading volume over the past 24 hours on July 2, representing 8.4% of the platform's total $9.19 billion daily volume. Phantom led the channel with $138 million in volume, while Invo, Rabby, and Insilico followed with $65.9 million, and smaller contributors. Over the past seven days, Phantom dominated fee revenue with $374,300, accounting for 26.7% of the channel's $1.4 million tot

Multiple Wall Street firms reaffirmed support for Nike shares despite a sharp decline this year. BTIG said the roughly 32% drop in Nike stock has created an overly negative market view, maintaining its Buy rating with a $55 price target and citing confidence that management's restructuring initiatives will improve margins and cash flow. Jefferies lowered its price target to $75 from $90 but kept its Buy rating, noting improvements in China and performance products, though sportswear and Jordan s

According to Jin10 on July 2, offshore Chinese yuan Hong Kong Interbank Offered Rates (CNH HIBOR) showed mixed movements across tenors. Overnight HIBOR rose 14 basis points to 1.52439%, reaching its highest level since June 26. One-year HIBOR fell to 1.73515%, the lowest since June 23.

According to Etihad Airways and China Eastern Airlines, the two carriers launched a strategic partnership to add 28 weekly flights between Abu Dhabi and China, bringing the total weekly services to 35, announced recently by Abu Dhabi's Department of Culture and Tourism. During a reception for a delegation of Chinese tourism executives, officials highlighted that Chinese hotel guests in Abu Dhabi reached 248,000 in 2025, with average stay duration increasing to 2.3 days. The partnership aims to s

According to The Wall Street Journal, the United States halted a military operation in the Strait of Hormuz in May, less than 48 hours after launch, following Saudi Arabian concerns and opposition. The operation, known as 'Operation Freedom,' was designed to guide vessels trapped in the strait to safely depart. The move further widened the rift between Washington and Riyadh over control of the waterway.

According to the Russian Defense Ministry, Russia shot down 327 Ukrainian drones overnight.

According to CertiK, the blockchain security firm launched CertiK Hunt on July 1, 2026, an invite-only platform connecting vetted security researchers with Web3 projects. The platform enables bug bounty programs, audit competitions, and AI-based security challenges while filtering low-quality submissions that have hindered traditional bug bounty initiatives. Every vulnerability submitted through CertiK Hunt undergoes independent verification and severity assessment before reaching project teams.

According to Foresight News, CoinW has launched "Reverse Minglights," an exclusive feature within its on-chain smart money platform. The function filters for low-win-rate, continuously unprofitable whale addresses on-chain and enables users to one-click reverse-copy their trading operations. The feature operates on a zero profit-sharing model and now supports both long and short smart money copy trading alongside multi-dimensional leaderboards and on-chain long-short position ratio visualization

According to BlockBeats, on July 2, the Ethereum Foundation's Global Policy Strategy (GPS) team released "Ethereum Basics for Governments and Institutions," a guide designed to help policymakers and institutional decision-makers understand Ethereum's operations, governance model, and differences from other blockchain solutions. The guide highlights systemic risks in centralized systems while noting that decentralized blockchains can mitigate such risks; however, not all blockchains possess "cred

On July 1, Robert Kiyosaki, author of Rich Dad Poor Dad, shared on X that advice from an Indian guru prompted a major life shift. The guru's words, "Your body's mission is to fulfill your spirit's mission," led Kiyosaki to reconsider his purpose. He said this realization prompted him to leave manufacturing over 50 years ago and pursue financial education instead. Kiyosaki noted that his initial free teaching eventually developed into a multimillion-dollar business. He encouraged readers to refle

According to the Swiss National Bank, the overall profitability of Swiss banks improved in 2025.

According to Flight Master DAST data, 25 China-Japan airline routes canceled all flights in June, with 1,488 total flight cancellations representing a 37.5% cancellation rate for mainland China-Japan operations that month.

The Swiss National Bank stated that banking supervision must be further strengthened, according to recent official communications.

Early trading weakness in US semiconductor stocks triggered a sharp selloff across Asia-Pacific markets today. South Korean equities tumbled as much as 7%, while Japanese stocks fell over 2%. The declines reflected broader concerns about the semiconductor sector and its impact on regional tech-focused indices. Separately, OpenAI has proposed that the US government acquire a 5% stake in the company, according to reports.

According to BlockBeats, on July 2, Bitget's unified account now supports tokenized stock spot (rToken) in full margin mode. The upgrade integrates rToken into the unified account's shared margin pool, bridging unified fund management between crypto assets and tokenized stocks.

According to Standard Chartered, on Wednesday the bank initiated coverage of Morpho and projected the token to reach US$60 by end of 2030, up from approximately US$3.50 in 2026. Global head of digital assets research Geoff Kendrick mapped a multi-year trajectory through US$40 by 2029. The forecast was supported by the protocol's recent US$175 million venture funding round and expectations for 37-fold growth in total DeFi assets by 2030. Morpho's token reacted sharply, rising more than 13 percent

According to OKX, the exchange launched four stock perpetual futures contracts on July 2, with SOFTBANK/USDT beginning trading at 13:30 UTC+8, while TQQQ/USDT, MVLL/USDT, and MUU/USDT went live at 17:00, 17:15, and 17:30 UTC+8 respectively. All contracts are settled in USDT and support 24/7 trading with an 8-hour funding rate settlement cycle.