Gate Crypto Flash News and Market Updates

According to Zhitong Caijing, the Hong Kong IPO prospectus filed by Xinsikao Motor on January 2 will expire on July 2, after reaching the six-month validity period. CITIC Securities and Huatai International served as joint sponsors for the listing. Based on the prospectus, Xinsikao Motor is a leading global micro-precision motor manufacturer. According to data from Frost & Sullivan, in 2024 revenue, the company ranked sixth globally and third in China in the imaging motor market, holding 9.1% of

According to Zhitong Finance, xTool Innovate Limited's Hong Kong IPO prospectus has expired as of July 1, 2026, six months after its filing on January 1. Morgan Stanley and Huatai International served as joint sponsors for the offering.

According to ZhiTong Finance, Jingwang Electronics (603228.SH), a Chinese PCB manufacturer, saw its Hong Kong IPO prospectus expire on July 1, exactly six months after filing on January 1. The company had appointed China International Capital Corporation, Bank of America Securities, and China Union Securities International as joint sponsors for the listing. Based on previous prospectus disclosures, Jingwang Electronics is a global leading automotive electronics PCB supplier, ranking first global

According to Zhitong Finance, Shanghai Wanyi Medical Technology's Hong Kong IPO prospectus, submitted on January 1, 2026, expired on July 1, 2026, having reached the six-month validity period. Everbright Securities International served as the exclusive sponsor for the listing.

According to Zhitong Finance, Suplay Inc.'s Hong Kong IPO prospectus, filed on January 1, 2026, expired on July 1, 2026, after exceeding its six-month validity period. China International Capital Corporation and JPMorgan Chase served as joint sponsors for the offering.

According to the Shanghai Jing'an District People's Procuratorate, five defendants were sentenced to prison terms ranging from two and a half to six years for operating an illegal foreign exchange network that used crypto to transfer more than 200 million yuan (approximately $29.4 million) abroad. The group helped domestic clients bypass China's foreign exchange controls, targeting wealthy individuals seeking overseas funds for property purchases, emigration, or education. The defendants also re

According to the U.S. Department of Justice, former Goliath Ventures CEO Christopher Alexander Delgado pleaded guilty to conspiracy to commit wire fraud, wire fraud, and money laundering. The scheme raised at least $400 million from investors between January 2023 and January 2026, resulting in verified losses of at least $250 million. Prosecutors stated that Goliath promised investors monthly returns from digital asset liquidity pools, but instead used funds to pay earlier investors, process wit

On July 1, Supermicro Computer (SMCI) closed down 5.73% at $27.65 per share. The company had issued a customer notification earlier in the session, which saw its stock briefly rise over 1.9% after hours before the decline.

According to Spanish authorities released on July 1, Spain recorded over 1,000 heat-related deaths in June, marking the highest count for the month since comparable records began in 2015. Spain's national meteorological agency reported that June 2026 was the second-hottest June since 1961, with average temperatures across mainland Spain running approximately 3.2 degrees Celsius above historical norms.

New Zealand's building permits declined to 20.6% year-on-year in May, down significantly from a previous reading of 52.7%, marking a sharp contraction in construction activity.

New Zealand's building permits fell 4% month-on-month in May, according to official data. The previous month's figure was revised upward to 11.1% from the initially reported 10.90%.

According to Portugal's Institute of Sea and Atmosphere, Portugal's government issued a heat wave alert on July 1 to strengthen wildfire controls and protect vulnerable populations. Starting July 2, 12 of the country's 18 regions will enter red alert status, expected to last until at least July 4, while the remaining 6 regions will be under orange alert. Maximum temperatures are forecast to reach 47 degrees Celsius.

According to The Motley Fool, Wall Street analysts are divided on two AI-era beneficiaries. Palantir's median price target among 33 analysts is $200 per share, implying 79% upside from the current $112, while SanDisk faces a 19% downside to $1,702 versus its current $2,109, based on 28 analysts' consensus. Palantir reported first-quarter revenue surging 85% year-over-year to $1.6 billion, marking its 11th consecutive quarter of accelerating growth; non-GAAP diluted earnings per share jumped 153%

According to Traders Union, Ethereum dropped 2.94% over the past week to close at $1,577.12 on June 29, extending its position below all major weekly moving averages. Net redemptions from U.S. spot Ethereum ETFs reached $8 million as institutional sellers continued pulling capital from the asset. The weekly RSI stood at 30.13, with deeply oversold technical readings reflecting sustained selling pressure rather than a reliable support floor. Anton Kharitonov, analyst at Traders Union, stated that

According to Bloomberg, Antonio Gracias is seeking additional investments in artificial intelligence, energy, and space sectors following nearly $100 billion in returns from his SpaceX holdings. Gracias, whose Valor Equity Partners has invested $5.8 billion in SpaceX over multiple years, has indicated a preference for distributing returns through direct share allocations rather than cash payments to investors. He plans to hold his SpaceX stake as long as possible.

According to Traders Union reporting, the EU fully activated its Markets in Crypto-Assets regulation on July 1, 2026, requiring all crypto service providers to hold a license to serve clients across the 30-nation European Economic Area. Only 244 of 3,167 previously operating providers had secured ESMA-registered authorization by the deadline, eliminating over 92% of the market. Germany led licensing with 57 authorizations, accounting for about 23% of all EU permits. France and the Netherlands ea

According to Odaily, former Ethereum Foundation researcher Ansgar Dietrichs, a member of newly launched Ethlabs, stated on Laura Shin's Unchained podcast that Ethereum has failed to develop a clear value narrative despite five years without breaking the $5,000 mark. Ethlabs, founded on June 22 by five former Ethereum Foundation researchers and backed by Bitmine, Sharplink, and Consensys founder Joe Lubin, entered the market amid mixed on-chain signals. Cryptoquant data shows over 32% of ETH supp

According to BitcoinTreasuries.NET, South Korean listed company K Wave Media (KWM) recently sold its remaining 88 BTC to repay $6 million in debt. The company now holds zero BTC.

According to Odaily, South Korea's major banks are expanding their foreign exchange trading teams in Seoul and London ahead of the July 6 launch of near-24-hour won trading. Woori Bank has deployed 8 additional employees to its London office covering foreign exchange, derivatives, and bond trading roles. Hana Bank has added traders in Seoul and implemented a three-shift rotation system to provide round-the-clock coverage. Shinhan Bank and KB Kookmin Bank have also expanded their teams and upgrad

SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 0.285 tons today, bringing total holdings to 1,005.362 tons.