Gate Crypto Flash News and Market Updates

According to BlockBeats, Goldman Sachs raised its 12-month price target for Japanese NAND flash maker Kioxia Holdings to 116,000 yen on July 1, maintaining a buy rating. The investment bank increased its fiscal year 3/27 through 3/29 operating profit forecasts by 9%, 19%, and 29% respectively, with EPS raised by the same percentages. Goldman Sachs expects NAND average selling prices to surge significantly in 2026 and rise 38% in 2027, exceeding its previous 27% forecast, as AI data center demand

Germany's manufacturing PMI final reading for June was 50.3, matching the previous month and slightly above the forecast of 50.

According to BlockBeats citing Hyperinsight monitoring, on July 1, the largest WTI crude oil long holder on Hyperliquid (address 0x007d) is approaching liquidation. The address holds a 20x leveraged long position of approximately $12.57 million with an average entry price of $87.59, while WTICRUDE now trades around $69.70. The liquidation price is $68.56, leaving only $1.13 buffer. The position shows unrealized losses of approximately $3.23 million, corresponding to 413% loss on principal. The h

Circle Internet Group's stock (CRCL) dropped 17.5% in a single session, declining to an intraday low of $62.00, compounding a roughly 40% decline over the prior 30 days. The selloff followed two concurrent pressures: FTSE Russell's June 2026 reconstitution removed Circle from multiple growth benchmarks — the Russell 1000 Growth, Russell 3000 Growth, and Russell Midcap Growth indexes — triggering mechanical selling from index-tracking funds. Simultaneously, Open Standard unveiled Open USD, a new

France's manufacturing PMI for June came in at 51.2, exceeding the forecast of 50.7 and rising from the previous month's 50.7, signaling continued expansion in the manufacturing sector.

According to Jin10, on July 1, pulp futures warehouse inventory increased by 6,696 tons to 273,189 tons, marking the primary shift among Shanghai Futures Exchange energy and chemical commodities reported today. Stone bitumen futures factory inventory declined 1,700 tons to 18,470 tons. Most other tracked futures products, including fuel oil, crude oil, and low-sulfur fuel oil, remained unchanged from the prior trading session.

According to Jin10, Ireland officially assumed the European Union's rotating presidency on July 1 for a six-month term. The Irish government's presidency program outlines three strategic pillars: competitiveness, values, and security. Key priorities include enhancing EU competitiveness, strengthening security and resilience, advancing negotiations on the next multiannual EU budget framework, and continuing digital and green transitions.

Italy's manufacturing PMI declined to 52.2 in June, falling short of the expected 52.4 and down from 52.9 in May, signaling a slowdown in factory activity.

According to an unnamed U.S. official, on June 29, the United States will deploy ground forces to both Lebanon and Israel to directly monitor the actions of Lebanese armed forces and the Israeli Defense Forces. The deployment aims to enable the U.S. to exert necessary pressure on both parties to ensure compliance with a trilateral framework agreement. While the commander of U.S. Central Command will not directly oversee the operation, officials will report any violations to the White House.

According to LSEG and Bloomberg, announced M&A transactions reached $2.6 trillion to $2.8 trillion in the first half of 2026, representing growth of 30 to 48 percent year-over-year and marking the highest level on record since 1980. Mega-deals (transactions exceeding $10 billion) were the primary driver, with 47 deals totaling over $1.3 trillion, accounting for nearly 50 percent of global M&A volume. Despite this surge in deal value, transaction count declined 9 percent to 24,000, the lowest in

WTI crude fell more than 1% intraday today to $69.17 per barrel, while Brent crude declined 0.75%.

According to Jin10 Data on July 1, China's Foreign Ministry spokesman Guo Jiakun stated during a regular briefing that Paraguay's government and leadership should conform to historical trends and the aspirations of its people, and make the correct decision that serves the country's fundamental and long-term interests. Guo emphasized that China has repeatedly clarified its position on the matter and called on Paraguay not to isolate itself further.

According to Zhitong Finance, Yonsheng Service's (01995) smart city services brand Linyou Technology unveiled its cloud-based SaaS platform at the 2026 China International Property Management Industry Expo on July 1 at Shanghai National Convention and Exhibition Center. The platform targets small and medium-sized property enterprises with a light-weight deployment model and low-cost subscription service, addressing digital transformation barriers faced by mid-market operators. Linyou has already

According to Chosun Ilbo, on July 1, South Korea's Financial Services Commission approved transferring two cryptocurrency market manipulation cases to prosecutors. The first case involves cross-border exchange arbitrage, where suspects accumulated over half of global circulation of a digital asset listed on both domestic and foreign exchanges, drove up prices overseas, then exploited cross-market arbitrage to lure Korean investors, resulting in net gains domestically while losses concentrated am

According to Goldman Sachs, the investment bank raised its 2027 price expectations for Samsung HBM to +44% from +14%, citing tight traditional DRAM supply-demand balance transmitting through price spreads to HBM annual negotiations with upside risks. Goldman maintained a buy rating on Samsung Electronics with a target price of 480,000 Korean won for common stock and 360,000 won for preferred stock.

Switzerland's services sector PMI rose to 59.8 in June from 56 in May, according to official data. The 3.8-point increase indicates accelerating growth in the services industry.

Switzerland's manufacturing PMI declined to 54.3 in June, falling below expectations of 56.5 and down from 57.3 in the previous month, according to official economic data.

Switzerland's SVME purchasing managers index fell to 54.3 in June, missing expectations of 56.5 and declining from the prior month's reading of 57.3.

According to BitcoinTreasuries.NET on X, Stretch STRC, a token under Strategy, has seen its daily trading volume increase 11.5-fold since launching last year. The token is approaching its one-year anniversary.

According to Serenity, Sivers Semiconductors CEO confirmed in the company's latest capital raise announcement today (July 1) that it intends to complete the Nasdaq listing process within coming quarters. The statement represents a significant upgrade from the company's April messaging, when it only said it was "assessing" dual listing on Nasdaq. The shift signals progression from exploration to confirmed execution phase. The latest offering raised approximately 700 million Swedish kronor, alloca