Gate Crypto Flash News and Market Updates

South Korea's Ministry of Industry, Trade and Resources formally denied reports on July 1 that the government planned to establish a state-led think tank to share chip manufacturers' excess profits, according to BlockBeats and Yonhapnews. The ministry stated that claims of Seoul proposing such a scheme to Samsung Electronics and SK Hynix are completely false, and vowed to take strict measures against those spreading misleading information. The denial follows AI boom discussions about redistribut

According to Kyiv Independent, on June 29, Ukraine's Defense Minister Mikhail Fedorov announced progress in negotiations with France over a license agreement to domestically produce SCALP cruise missiles. The SCALP, jointly developed by France and the UK, has a maximum range of 560 kilometers and is designed to fly low over terrain, making it difficult to intercept. Separately, Ukraine is accelerating negotiations with the United States for a license to produce Patriot air defense missiles domes

According to Jin10, on June 30, Iran's parliamentary committee chairman Ibrahim Aziz stated that the era of U.S. interference in regional affairs has ended. Aziz said Iran holds control over the Strait of Hormuz and that Lebanon's sovereignty should be secured through ending Israeli occupation and aggression. He also maintained that regional nations' reliance on U.S. support will destabilize their security, as American military bases pose a threat rather than protection to the region.

According to Wedbush, AeroVironment (AVAV) and Kratos Defense & Security Solutions (KTOS) stocks gained overnight after the firm initiated coverage with Outperform ratings and $250 and $85 price targets respectively, implying 51% and 70% upside potential. Wedbush cited AVAV's expansion across unmanned systems, land, maritime, space and cyber capabilities as a competitive advantage, while describing KTOS as a strategically positioned supplier of defense software and components across hypersonic w

According to Jin10, Germany is urging the United States to permit domestic production of American weapons on German territory to fill Europe's military gaps and maintain Washington's commitment to European defense under the Trump administration. German officials are negotiating with U.S. counterparts ahead of next week's NATO summit in Ankara to reach a joint production agreement. Discussions between German and American defense contractors cover co-production of Tomahawk cruise missiles and PAC-

Binance said it intercepted $10.53 billion in potential fraud, scams and anomalous activity between 2025 and the first quarter of 2026. The exchange disclosed it spends approximately $300 million annually on compliance, with about 1,500 employees dedicated to oversight functions including fraud prevention, investigations, and law-enforcement support.

MOL, Hungary's state-controlled oil and gas company, has received formal approval from the U.S. Department of Treasury to continue negotiations for the acquisition of Naftna Industrija Srbije (NIS), Serbia's national oil company. The authorization is valid until July 31, 2026.

According to Foresight News, Anton Cheng, founder of Monarch, has joined decentralized lending protocol Morpho as a full-time solution engineer covering the Asia-Pacific region. Cheng has been tracking Morpho since its launch in 2023 and spent over two years developing Monarch, a product built on the protocol. He plans to maintain Monarch on a personal basis and gradually hand off the project to other developers in Morpho's ecosystem in coming months.

According to Jin10, the Reserve Bank of India (RBI) likely intervened in the foreign exchange market on Wednesday, July 1, to support the Indian rupee, four traders told media outlets. Traders observed state-owned banks selling U.S. dollars, suggesting action on behalf of the central bank. The rupee had weakened as regional currencies declined following Iran's announcement that it would not meet with a U.S. envoy.

Alcoa has agreed to acquire South32's bauxite, alumina and aluminum assets for up to $5.6 billion. The transaction includes $3.1 billion in cash, approximately $1 billion in Alcoa stock, along with assumption of $750 million in net debt and lease liabilities. If alumina and aluminum prices exceed agreed thresholds over the next four years, South32 may receive an additional $750 million. The deal significantly expands Alcoa's integrated aluminum operations across the full value chain from mining

According to CFETS-NEX, China's yuan liquidity sentiment index fell to 52 as of 2:30 p.m. on July 1, down 4 points from 10:15 a.m. Sentiment readings for large banks, mid-sized banks, and non-bank institutions stood at 51, 54, and 51 respectively, each declining 4 points. (The index ranges from 0 to 100, with 50 representing balance and above 50 indicating tighter liquidity conditions.)

According to Jin10 data, Jiangsu Jusheng Electronics will unveil four new products at the 2026 World Artificial Intelligence Conference: a robotic dexterous hand, a solid-liquid hybrid energy solution (semi-solid battery), an embodied AI system core processor, and a third-generation AI head assembly.

According to CryptoQuant CEO Ki Young Ju on X today (July 1), Bitcoin is likely to experience another parabolic rally, but will require deeper institutional adoption rather than remaining a retail-driven ETF trading vehicle. Ki Young Ju highlighted that capital efficiency has declined significantly: in 2011, just $2.7 billion in net inflows drove a 55,436% gain, while this cycle's $697 billion inflows delivered only a 689% return. He suggested that if Bitcoin can absorb over $1 trillion in reali

Switzerland's retail sales grew 3.5% year-over-year in May, accelerating from the previous month's 1.60%, according to official economic data.

According to Zhitong Caijing, Huada Beidou recently submitted its third Hong Kong stock exchange main board listing application, with China Bohai Bank International and Ping An Securities (Hong Kong) as joint sponsors. The company provides GNSS chips, modules and solutions supporting Beidou, GPS, and NavIC standards, ranking fifth globally with a 7.4% market share and second in China by 2025 shipment volume, according to Frost & Sullivan data. Financially, Huada Beidou generated revenue of 1.014

According to Binance, the platform's stock product assets under management exceeded $1 billion on July 1.

According to Foresight News, Sonic announced adjustments to its marketing strategy, moving away from giveaway-focused activities toward strategic partnerships and ecosystem integration. The protocol cited both internal team preferences and community feedback as drivers for the shift. Existing content-related marketing initiatives will continue, and the World Cup challenge event will proceed as planned, but similar promotional activities will no longer be prioritized going forward.

Switzerland's actual retail sales year-on-year rate for May is set to be released in approximately 10 minutes. The data point tracks monthly consumer spending trends and is closely monitored by market participants and policymakers as an indicator of domestic economic momentum.

According to the U.S. Energy Information Administration (EIA), American crude oil production reached 13.93 million barrels per day in April, marking a historic high. Meanwhile, Brazil's state-owned oil company announced on July 1 a diesel price cut of 0.35 reais per liter for distributors, maintaining an average price of 3.30 reais per liter. Goldman Sachs forecasts global crude oversupply may exceed 3 million barrels daily due to restocking difficulties amid ample supply. Additionally, South32

According to CryptoQuant analyst Axel Adler Jr., Bitcoin exchange inflows have surged to an average of 122,000 BTC over 30 days, representing a 50% increase compared to February's selloff period and significantly above the annual baseline of 82,000 BTC. The metric is now approaching the upper band of 131,000 BTC. Over the same period, Bitcoin's price fell from $77,000–$78,000 to approximately $59,000. The Spent Output Profit Ratio (SOPR) 30-day average has declined to 0.99, remaining below the c