Gate Crypto Flash News and Market Updates

According to dYdX Foundation on July 2, Arcus is an independent product built on separate infrastructure and does not impact dYdX Chain, which remains governed by token holders, protected by validators, and community-owned. Trading, deposits, withdrawals, staking, governance, and validator operations on dYdX Chain continue operating normally. The DYDX token's mechanisms, supply, and operational characteristics remain unchanged, with staking rewards continuing to be paid in USDC from protocol fee

According to South Korea's central bank, inflation is expected to ease in July compared to June. However, the central bank still anticipates that inflationary pressure will remain elevated for some time.

South Korea's KOSPI index fell over 6% during intraday trading on July 2, dropping below the 7,800 level.

According to Bloomberg, Robinhood Markets Inc. announced the launch of perpetual futures linked to commodities, ETFs, and currency pairs for eligible European users. The platform now offers perpetual contracts for gold, silver, crude oil, and the EUR/USD pair with a maximum leverage of 10x.

On Wednesday (July 1), Palantir CEO Alex Karp criticized the token-based pricing model used by OpenAI and Anthropic, calling it fundamentally flawed. According to Karp, the model incentivizes inefficient token consumption rather than delivering genuine business value, leading enterprises to increasingly adopt open-weight models and build proprietary AI tools to reduce dependency on general-purpose large language models.

According to Cointelegraph, Manny Rutinel won Colorado's 8th District Democratic primary on July 2 with 61.7% of the vote, advancing to the November general election. You Can Push Back Super PAC, funded with $3.5 million by Ripple Labs co-founder Chris Larsen, spent $1 million supporting Rutinel's campaign ahead of the primary. Rutinel received a "strong support for crypto" rating from Stand With Crypto, a Coinbase-affiliated organization.

According to Cointelegraph, Tennessee and Georgia crypto ATM regulations took effect on July 1, with Tennessee implementing a statewide ban and Georgia requiring transaction limits and reporting obligations. Tennessee had approximately 185 crypto ATMs and kiosks in operation before the ban took effect. The regulatory actions follow similar bans adopted by Indiana in March, with Minnesota set to enforce comparable restrictions on August 1. The measures were prompted by reported incidents of senio

According to CoinDesk, Circle's stock fell 17% on Tuesday (July 2) following the launch of the Open USD stablecoin alliance, with Jefferies analysts cautioning investors against buying the dip. The investment bank cited the competitive threat to Circle's approximately 25% stablecoin market share, noting that the Open USD alliance has backing from over 140 companies and includes Coinbase, Circle's largest distribution partner. Jefferies highlighted that Circle and Coinbase's commercial agreement

According to The Block, the Ethereum Foundation's global policy strategy team released a policy guide for governments and institutions on July 2, positioning Ethereum as critical public infrastructure. The network is backed by approximately $76 billion in staked ETH as of March 2026 and features a geographically distributed validator network, multiple independent client implementations, and a large developer ecosystem. The guide highlights decentralized identity initiatives in Bhutan and Buenos

Overnight, South Korea's Seoul Composite Index fell over 5%, tracking weakness in U.S. tech stocks. Chipmakers led losses: SK Hynix dropped 7.6% and Samsung Electronics fell 6.5%.

According to Jin10, the U.S. Treasury announced today the investment product portfolio for the Trump Account, with State Street SPDR Portfolio S&P 500 ETF (SPYM) as the default investment option for all contributions at launch. The Treasury also designated four additional low-cost index ETF options for account holders to choose from in coming months: iShares Core S&P 500 ETF (IVV), Vanguard Total Stock Market ETF (VTI), State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM), and

According to PANews, xAI launched Voice Agent Builder, a no-code platform for creating lifelike voice agents using Grok Voice, on July 2. The platform is priced at $0.05 per minute and integrates phone functionality, knowledge retrieval, tools, guardrails, and observability. Users can leverage existing phone numbers, APIs, and MCP. Each account includes a free phone number, and the platform became available in Beta today.

According to Bank of America data released on July 2, institutional clients have sold U.S. stocks for the fourth consecutive week, with technology sector inflows declining to historic lows. Individual stocks experienced $9.9 billion in outflows, the fourth-largest since 2008. In contrast, hedge funds remained net buyers during this period, while retail investors turned net buyers for the first time in six weeks, reflecting a divergence among investor types. Meanwhile, corporate share buyback act

According to President Trump, the Freedom Fuel network will reduce gasoline prices on July 3 at 25 locations in the greater Philadelphia area. Trump called on other businesses to follow suit, stating that gasoline prices will soon return to record lows seen before the Iran sanctions.

According to media reports, Malaysia's crude palm oil futures on the Bursa Malaysia Derivatives exchange are likely to open lower on the morning of July 2, primarily reflecting weakness in international crude oil futures. International crude oil futures fell over 1% on Wednesday, with Brent crude futures declining further during Thursday's electronic trading session, which will weigh on Malaysian crude palm oil futures. However, Malaysia's palm oil exports remain robust, supported by Indonesia,

According to BlockBeats, dYdX Labs launched Arcus, a decentralized exchange built on Robinhood Chain, on July 2. The platform supports 24/7 trading of 95 stock tokens, equity perpetual contracts, and major cryptocurrencies, with zero fees for stock token spot trades. DYDX token fell 23.11% to $0.145 in the 24 hours following the announcement, according to HTX market data. This marked a sharp reversal from the previous day, when DYDX surged over 40% following hints of a major announcement. The dY

Foreign investors net sold 493.7 billion yen worth of Japanese bonds during the week of June 26, according to Japan's Ministry of Finance data. The figure represents a significant reduction from the previous week's net selling of 1,057.3 billion yen, indicating increased buying pressure on Japanese debt.

Japan bought 147.7 billion yen worth of foreign stocks in the week ending June 26, down from a revised 426.7 billion yen in the prior week.

According to Bloomberg reporting on June 30, SanDisk and Micron shares each dropped 10.6% amid investor concerns that Meta Platforms is considering selling excess cloud computing capacity. The potential supply increase raised questions about future data center expansion demand, with D.A. Davidson managing director Gil Luria noting that Meta is among the world's top five computing power customers, so any shift in its data center plans could ripple through the entire supply chain. Despite the decl

Japan's base money contracted 13.7% year-over-year in June, compared to a 12.2% decline in the previous month, according to Bank of Japan data.