Gate Crypto Flash News and Market Updates

According to Bloomberg, Meta Platforms shares fell 1% in overnight trading on Wednesday after rallying 8.8% during the regular session—the stock's best performance in nearly six months—on reports that the company is developing a cloud infrastructure business to sell cloud computing capacity and AI models to third-party customers. Analysts said the cloud venture would provide Meta a clearer return on its record $141 billion 2026 capital expenditure and add "a margin of safety" to medium-term earn

Robinhood Markets announced the public mainnet launch of Robinhood Chain, built on Arbitrum and designed to bridge traditional finance and decentralized finance. The platform connects to on-chain users through partnerships with Uniswap, Pleiades, Alchemy, BitGo, and Chainlink, supporting real-world assets, lending, borrowing, and collateral functions. Stock Tokens are now available in over 120 countries via Robinhood Wallet, enabling 24/7 trading and integration with supported DeFi applications

According to Hyperinsight monitoring, a major long position holder (address 0x9dc) liquidated its entire SKHX (SK Hynix) position overnight on July 2, realizing a loss of $4.42 million. The address had accumulated a 35.16 million USD position in SKHX roughly one week ago at an average entry price of $1,803, but sold as SKHX dropped below $1,500 during the semiconductor sector pullback. Following the liquidation, the address has reallocated $17.8 million to short positions. The whale has accumula

According to China Maritime Safety Administration, the Qinglan Maritime Bureau issued a navigation warning on July 2 for July 4, from 4:30 PM to 6:30 PM local time. Rocket debris will fall in parts of the South China Sea during this period, and all vessels are prohibited from entering the affected waters.

According to on-chain analyst Ai 姨, a whale address (0xa2e...f1468) converted from long to short positions early today, opening an 18x leveraged short with 22,000 ETH valued at approximately $35.57 million. The position was opened at $1,613.1 per ETH and currently carries an unrealized loss of $104,000. The address previously held an 18x leveraged long position of 21,000 ETH opened at $1,728.5 per ETH, which resulted in a $3.26 million loss before being closed.

SK Hynix announced on Thursday, according to an event attended by its CEO and South Korean President Lee Jae-myung, that the company plans to invest 80 trillion won (approximately $51.46 billion) to build a new NAND flash memory manufacturing facility. The company will begin construction of the M17 fab in Cheongju, South Korea next year, with operations expected to commence in 2029. Additionally, SK Hynix plans to invest 20 trillion won in a new chip packaging facility at the same location, expe

According to official announcement, Binance Alpha 2.0 will support Story's rebranding to Data Network (DATAIP). Starting July 2 at 10:00 UTC+8, IP trading will be suspended for token redemption at a 1:1 exchange rate. Data Network (DATAIP) trading is expected to resume on July 2 at 16:00 UTC+8.

According to Odaily, Lighter has been integrated into Robinhood Wallet, enabling users to trade perpetual futures and tokenized stocks directly within the wallet using USDG as the base quote asset. The integration provides native in-app access to Lighter-powered trading functionality.

According to Odaily, a whale transferred 1,000 PAXG into Binance and cleared the position 15 minutes ago for $4.04 million, realizing a loss of $1.06 million (21% loss). The whale had previously withdrawn the same 1,000 tokens from Binance in February-March at $5,103 per token, when their value was $5.1 million.

According to Trump, indirect U.S.-Iran talks in Doha have progressed well over the past week, with both sides reaching a preliminary agreement to release $3 billion in frozen Iranian funds, easing market concerns over Middle East supply disruptions. Hormuz Strait vessel traffic has resumed, reaching 57% of pre-conflict levels, though recent merchant ship attacks underscore ongoing risks. U.S. crude inventories fell 3.8 million barrels to 408.4 million barrels last week, hitting the lowest level

According to South Korea's Ministry of Trade, Industry and Energy, the government announced a 392 trillion won investment plan for the Chungcheong region on July 2. Samsung subsidiaries will contribute approximately 140 trillion won for HBM wafer fabs, advanced packaging, OLED production, and battery line construction. SK Hynix plans to invest 100 trillion won in NAND and advanced packaging facilities. Biopharmaceutical company Celltrion will allocate 2 trillion won for biopharmaceutical facilit

According to CFETS-NEX, as of 10:15 on July 2, China's CNY fund sentiment index dropped 4 points to 47. The index for large banks, mid-size banks, and non-bank institutions stood at 46, 49, and 46 respectively, each declining 4 points from 08:45.

According to Foresight News, Grass Foundation launched its Phase 2 rewards portal on July 22, 21:00 Beijing time, allowing users to check estimated reward amounts. The rewards cover participants who shared bandwidth during Epochs 1-19 (October 14, 2024 to June 8, 2026), with payouts issued in USDC. Users can claim rewards from July 22 until January 22, 2027; unclaimed rewards after that date will be retained by Grass.

According to Jin10, U.S. ADP employment growth in June hit its lowest level since March, signaling a slowdown in hiring momentum. Fed officials' dovish remarks triggered a rebound in precious metals, with gold and silver gaining as investor sentiment shifted amid softer labor market signals.

According to on-chain analyst Ember Monitor, a whale liquidated 1,000 PAXG (Paxos Gold) for $404 million on July 2, realizing a $1.06 million loss (-21%). The whale had withdrawn the tokens from Binance in February-March at an average price of $5,103 per token, when the position was worth $510 million.

According to Macau's Gambling Inspection and Coordination Bureau, casino revenue fell to 18.522 billion Macau patacas in June, declining 12.1% year-over-year and 18.1% month-over-month. Gaming stocks listed on Hong Kong exchanges rose individually in morning trading, with most operators gaining between 0.2% and 2.7%. Analysts at Citi predict casino foot traffic will remain under pressure through the FIFA World Cup final on July 19, but expect July revenue to rebound to around 21 billion Macau pa

Hong Kong's stock market opened sharply higher on July 2, with the Hang Seng Index gaining 308 points or 1.35% to 23,189 points by 10:08 a.m., after morning gains temporarily exceeded 454 points. The Index initially climbed 190 points at open but dipped to a low of 22,995 points before buying pressure triggered a recovery, with tech stocks driving the advance. The Tech Index rose 1.88% to 4,556 points, led by major tech names: Alibaba gained 4.1%, Tencent rose 3.2%, Baidu climbed 3.8%, Xiaomi in

According to Jefferies Q2 survey of 40 U.S. enterprise CIOs, 95% expect cloud budgets to grow in 2026, pushing global cloud infrastructure spending growth to 10.1% from 9.6% in 2025. Azure's preferred-provider lead over AWS widened significantly to 27 percentage points (55% vs. 28%) from 7 points in December 2025. Support allocation also shifted: Azure accounts for 46% of cloud spending vs. AWS's 29%, up from a 3-point gap previously. Over the next 24 months, 68% of respondents plan to increase

According to GSFM investment strategy advisor Stephen Miller on July 2, the Reserve Bank of Australia will likely need to raise policy rates further. Miller noted that the RBA faces significant challenges balancing structural inflation factors against cyclical vulnerabilities, with limited support from government structural policies.

According to Coin Bureau, Tether CEO Paolo Ardoino stated on July 2 that the company declined to apply for EU MiCA stablecoin approval, citing the regulation as 'very dangerous.' Ardoino said MiCA could force stablecoin issuers to hold 60% of reserves in uninsured cash deposits at small European banks that may be unable to handle large redemptions. He described the legislation as 'poorly conceived' and stated the decision to skip MiCA was made to protect Tether's over 400 million users.