Gate Crypto Flash News and Market Updates

Abu Dhabi-based AI investment firm MGX recently raised $49 billion for its Fund I, targeting semiconductors, infrastructure, and large language model leaders including OpenAI.

According to CoinDesk, Christopher Alexander Delgado, former CEO of Goliath Ventures, has pleaded guilty to fraud and money laundering charges involving approximately $400 million in a cryptocurrency investment scheme. The Florida State Prosecutor's office disclosed that Delgado admitted to conspiracy to commit wire fraud, wire fraud, and money laundering.

Singapore Exchange's August iron ore futures contracts rose 2.53% to $100 per ton, reaching a high of $101.2, the highest level since June 17.

According to The Block, Standard Chartered released its first coverage of Morpho on Wednesday, setting a target price of $60 for the native token MORPHO by end of 2030, implying potential gains of approximately 2,787%. The bank's global head of digital assets research, Geoff Kendrick, provided annual milestones: $3.5 in 2026, $11 in 2027, $22 in 2028, $40 in 2029, and $60 in 2030. Morpho is the second-largest decentralized lending protocol after Aave, with approximately $5.5 billion in deposits

According to its announcement on July 1, Aptos joined the OpenStandard consortium alongside Mastercard, Visa, Stripe, Google, BlackRock, and more than 100 other organizations to support the launch of the Open USD stablecoin. The initiative aims to establish a collaboratively governed digital currency framework while providing open, low-cost blockchain infrastructure for institutional and commercial payment applications.

According to Russian Foreign Ministry spokesperson Maria Zaharova, on July 1, Japan deployed US mid-range and short-range missile systems, which Russia says seriously destabilizes the Asia-Pacific region and threatens regional security.

According to Mexico's central bank survey, private sector analysts forecast the country's benchmark interest rate will reach 6.50% by the end of 2026 and remain at that level through the end of 2027.

Gate News message, seven major token unlock events are scheduled for July. According to the unlock schedule, $RAIN tops the list with an unlock value of $785.50M, followed by $PUMP at $133.12M and $BEAT at $55.78M. Additional unlocks include $ADI at $39.34M, $STABLE at $32.46M, $ZRO at $21.19M, and $H at $17.92M.

According to a survey by Mexico's central bank, private sector analysts forecast overall inflation of 4.20% by end-2026 and 3.84% by end-2027. Core inflation is projected at 4.18% by end-2026 and 3.80% by end-2027.

According to PPP market intelligence tool, an address (0xb61b2079b95f6b7476fd3203e0274ffb93308a06) hold $272,500 in predictions on Polymarket's World Cup Round of 16 match between the U.S. and Bosnia-Herzegovina, betting on Bosnia with a +1.5 handicap. The account has generated approximately $628,800 in total profit, with $543,100 earned over the past 7 days.

According to Bloomberg, on July 1, the London Metal Exchange is considering relaxing its warehouse rules to attract metal inflows to Hong Kong.

According to Reuters, Venezuela's crude oil exports declined to 1.2 million barrels per day in June, marking a continued downward trend in the country's petroleum production.

Brent crude oil fell over $2 intraday, trading at $71.39 per barrel with a decline of 2.73%.

At CoinGape Web3 Innovation Awards 2026, MegaRouter was named the Best AI x Web3 Infrastructure Platform in recognition of its enterprise AI infrastructure and intelligent routing capabilities. The award acknowledges the company's development of a unified platform that provides centralized access to more than 200 mainstream AI models through a single API, simplifying deployment and reducing operational complexity for enterprises and developers. MegaRouter stated that its platform enables organiz

SC crude oil 2608 futures hit an intraday low today (July 1), declining 3% to 446.5 yuan per barrel. Trading volume reached approximately 7.444 billion yuan, with open interest increasing nearly 1,000 contracts intraday.

According to the U.S. Energy Information Administration (EIA), refinery utilization rates on the U.S. East Coast dropped to their lowest level in the latest week since April 2025.

According to BIT data, the Philadelphia Semiconductor Index fell over 5% on July 1. Micron Technology dropped over 8%, Intel declined over 7%, Arm fell 6%, and Nvidia slipped 2.6%.

According to Bloomberg, on July 1, Anthropic's export restrictions on Fable 5 and Mythos 5 models were lifted following an agreement with the U.S. government. However, the specific terms of the agreement regarding security standards and technical modifications remain undisclosed, raising concerns about transparency in export control enforcement.

According to Reuters, Oxmiq completed a $35 million funding round on July 1 to develop chip architecture designed to reduce artificial intelligence costs. The company plans to integrate GPU, CPU, and tensor processing units into a single chip design to improve computational efficiency and lower overall AI training and inference expenses. Oxmiq aims to become the next-generation computing ecosystem's architecture standard, similar to Arm's role in smartphone chipsets.

According to BlockBeats, Meta Platforms (META.O) rose over 10% intraday on July 1 based on BIT (bit.com) market data. The company is reportedly building a cloud business to sell its excess AI computing capacity.