Gate Crypto Flash News and Market Updates

Wedbush recently initiated coverage of SpaceX with an 'Outperform' rating and a $190 price target, implying approximately 16% upside from the stock's last closing price. According to Dan Ives, Wedbush's Global Head of Tech Research, SpaceX is 'much more of an AI play' than a traditional space company and is well positioned to become a major hyperscaler. SPCX stock gained 4.06% on Tuesday and added 0.85% in after-hours trading. Ives noted that while SpaceX appears expensive based on current reven

According to CoinDesk, Phantom hired three former Ventuals team members—Alvin Hsia, Emily Hsia, and Aris Samad—on July 1 to strengthen its trading and data team. The trio previously launched OpenAI and Anthropic perpetual futures markets on Hyperliquid. Ventuals announced earlier this month that it would shut down and integrate with another Hyperliquid ecosystem project. Phantom CEO Brandon Millman stated the platform is deepening its perpetual contracts business as open markets become a key foc

According to disclosures in his Substack newsletter on Tuesday, June 30, investor Michael Burry established new short positions in Tesla at $416.22 per share, along with stakes against Nvidia (short price $198.09), Applied Materials ($729.40), the iShares Semiconductor ETF SOXX ($642.80), and Caterpillar ($1,060.98). Burry stated that these positions reflect his view that valuations in the AI and semiconductor sectors are increasingly inflated. Burry did not disclose the size of his short positi

According to the Bank of Japan, most companies submitted their responses to the Tankan survey before the June 15 U.S.-Iran peace agreement was reached. The central bank noted that the agreement's impact may not be fully reflected in the survey results due to the timing of submissions.

According to Onchain Lens, on July 1, a whale deposited and sold 2,468 ETH (worth $3.88M) on Binance, realizing a loss of $4.33M. The whale had originally acquired the ETH when its value was $8.21M.

According to China Securities, the central bank conducted its first overnight reverse repo operation on July 1, aiming to bridge the maturity mismatch between the 7-day policy rate and overnight market transactions. The new tool offers flexibility by settling same-day without creating outstanding balances, enabling more precise liquidity management at period-end. China Securities noted the operation carries a clearer policy signal of monetary easing, though its significance lies in attitude rath

According to The Block, ENS co-founder Nick Johnson vetoed the Security Council renewal proposal on July 1 with 3.26 million ENS tokens, representing 80% of votes cast, causing the executable vote to fail with an 82% rejection rate. The proposal aimed to extend the Security Council's term by two years. Johnson cited concerns about current members potentially using veto powers to block proposals he disagreed with, and separately supported an alternative measure to raise the threshold from 4/8 to

South32 shares rose 10% following the company's sale of its aluminum business to Alcoa for $5.6 billion. The transaction marks a significant divestment as South32 continues to streamline its portfolio.

According to Bloomberg, AI chip startup Etched raised US$800 million on June 30, with investment from Jane Street and VentureTech Alliance, a semiconductor-focused firm. Jane Street led an earlier unannounced round and has invested more than US$100 million in total. Founded in 2022, Etched plans to ship chips to customers this summer and has signed US$1 billion in sales contracts as it competes with Nvidia. The company previously closed a US$500 million round in December at a US$5 billion valuat

According to Jin10, citing Huatai Securities analysis on July 1, South Korea's $1.3 trillion semiconductor investment scale is approximately 7.8 times the scale of TSMC's Arizona facility investment ($165 billion). The investment is expected to drive sustained equipment demand across advanced manufacturing nodes, HBM, and advanced packaging, benefiting global semiconductor equipment suppliers including lithography, deposition, and etch equipment makers.

According to BlockBeats and Bit.com market data, Circle (CRCL) shares fell 17.55% to close at $62.63 on Tuesday, July 1, marking a new historical low level. The decline was driven by two major factors: Russell index funds removed CRCL from Russell 1000 Growth and other major Russell growth indexes on June 26 after market close, triggering mechanical selling by passive funds and ETFs tracking these indexes. Additionally, competitive pressure mounted as newly launched stablecoin project Open Stand

According to the Wall Street Journal, the United States has threatened to halt supplies of interceptors to Saudi Arabia after the kingdom refused to open its military bases for the "Operation Freedom" initiative.

According to Rappler, the Philippines' ube exports exceeded $3 million in 2025, more than double the 2024 figure, driving demand from the US, UK, and Japan. However, production of fresh ube fell 6.7% from 2024 to 2025, while cultivated area declined 17%, creating supply constraints despite surging global interest. Vietnam is positioning its Ben Ke ube variety for export and seeking geographical indication protection, potentially threatening the Philippines' market position. Experts note that wit

South Korea reported exports rose 70.9% year-over-year for June, beating market expectations of 60.7% and accelerating from May's 53.2%, according to official trade data.

South Korea's imports surged 30.1% year-over-year in June, beating the forecast of 24.5% and accelerating from the prior month's 20.8% growth.

In June, South Korea's export growth rate surged to 70.9% year-on-year, significantly exceeding expectations of 61%, according to official data. The previous month's figure was revised upward to 53.40% from an initially reported 53.20%.

South Korea's import growth surged to 30.1% year-over-year in June, beating the consensus forecast of 26.3%, according to official trade data. The previous month's figure was revised upward to 20.70% from an initially reported 20.80%.

According to the Bank of Japan's Tankan survey, Japanese companies expect the euro to trade at an average rate of 175.62 yen per euro in the fiscal year 2026/27.

According to the Bank of Japan's Tankan survey, Japanese enterprises expect the average USD/JPY exchange rate to be 152.57 for fiscal 2026/27.

According to Guru Club, WTI crude oil futures rose 0.8% to $70.06 per barrel in Asian morning trade on July 1, recovering from a technical selloff after posting its largest quarterly decline since 2020 on Tuesday. The rebound was supported by uncertainty surrounding control of the Strait of Hormuz, a critical shipping lane through which roughly one-fifth of global petroleum typically flows. Analysts at ANZ Research described this control as a "contested" issue, noting that Iran has reaffirmed it