Gate Crypto Flash News and Market Updates

According to BlockBeats, on July 2, the U.S. non-farm employment report for June (released Thursday due to Independence Day) comes amid market skepticism over job data reliability. The March-May period saw average monthly job gains of 188,000, the strongest quarterly hiring in three years, but analysts question seasonal factors inflating the figures. Market consensus expects June job additions to reach at least 110,000 to confirm sustained labor recovery. Critically, payroll growth of 150,000 or

According to Hong Kong Exchanges and Clearing on July 2, Liding Semiconductor Technology (Shenzhen) Co., Ltd. submitted an application to list on the Main Board of HKEX, with CITIC Securities as sole sponsor. The company is an IC substrate supplier specializing in FCBGA, FCCSP, and WBCSP substrates. By 2025 revenue, Liding ranked third among IC substrate manufacturers in mainland China, up from sixth place in 2023, according to Frost & Sullivan.

Samsung Group announced on July 2 that it plans to invest 140 trillion won (approximately US$90 billion) in South Korea's Chungcheong region by 2040, according to Reuters. The investment will focus on display panels, batteries, semiconductor chips, and chip materials. Samsung Display will invest 67 trillion won in display production, while Samsung Electronics plans 56 trillion won for chip packaging facilities. Samsung SDI will allocate 9 trillion won for next-generation battery production.

According to Iran's state media Fars News, Iran's unified military command issued a directive on July 2 requiring all vessels to follow designated maritime routes through the Strait of Hormuz to ensure safe passage. The command warned that any U.S. interference in the waterway would be met with a "swift and decisive response."

According to an official announcement, MGBX launched MSFTUSDT and TAIKOUSDT perpetual contracts today (July 2) at 18:00 SGT, supporting up to 20x leverage.

According to Daily Beast, FBI Director Kash Patel reported holding between $100,001 and $250,000 in Strategy stock, with the disclosure coming more than six months after the November 21 purchase. Under the STOCK Act, senior federal officials must report covered securities transactions above $1,000 within 45 days. Patel's filing to the Office of Government Ethics arrived on May 26, exceeding the deadline by over six months; he said the trade was inadvertently omitted from an earlier report. Strat

According to Odaily Seer, on predict.fun's prediction market for tomorrow's World Cup Round of 16 match between Spain and Austria (3 a.m. Beijing time), Spain's winning probability stands at 75%, with a draw at 18% and Austria at 8%. The odds reflect Spain's unbeaten group stage performance—2 wins and 1 draw with zero goals conceded—while Austria scored 6 goals in the group phase.

According to Odaily, Hong Kong semiconductor stocks fell sharply today, with GigaDevice (03986.HK) dropping 18.39% and SMIC (00981.HK) declining 10.07% at market close. The Hang Seng Index rose 0.76%, while the Tech Index fell 0.40%.

According to Chainalysis and U.S. Treasury reports, Tether froze USDT balances across 131 TRON addresses linked to ISIS-K on July 1 following the U.S. Treasury Department's Office of Foreign Assets Control adding the wallets to a counter-terrorism blacklist. The sanctioned addresses had received more than $1.4 million since 2023 and sent more than $880,000, according to blockchain analytics firm Chainalysis.

According to Saudi Arabia's Al Arabiya TV, on July 2, the U.S. warned Iran that any attempt to change the current status of the Strait of Hormuz would be considered a violation of relevant agreements. American officials told Iran that Tehran's approach to the strait represents the first test of Iran's commitment to fulfill its obligations. Any progress on frozen Iranian assets will be conditional on Iran's compliance with the accord, the sources said.

According to Coinglass, an unknown wallet transferred 34.35 million USDT to Binance at 16:22 UTC on July 2.

According to Jin10 Data, the U.S. Dollar Index (DXY) fell below the 101 level today, declining 0.4%.

According to ING analyst Chris Turner on July 2, the euro is expected to extend its recent decline against the U.S. dollar over the coming weeks before recovering later this year. Turner cited anticipated U.S. rate hikes as the dominant theme for summer 2026, noting that if markets price in 50 basis points of U.S. increases, the euro could test below 1.1300. However, based on current expectations that the Federal Reserve will not raise rates, Turner projected the euro will return to the 1.16–1.1

Recently, Harvard University astronomer Avi Loeb was appointed chief of the White House UFO committee to research UFO challenges to U.S. national security. Loeb, the university's former astronomy department chair, previously sparked academic controversy by supporting the theory that extraterrestrials have visited Earth. Some astrophysicists have criticized the appointment as unconventional, questioning whether the administration's UFO research initiative is primarily for publicity.

According to Binance announcement on July 2, Binance Futures launched 8 USDT-margined TradFi perpetual contracts: STRCUSDT, CATUSDT, TXNUSDT, FLEXUSDT, TERUSDT, TTWOUSDT, KSTRUSDT, and BSPUSDT. All contracts support up to 25x leverage and 24/7 trading. The perpetuals are settled in USDT with funding rates calculated every 8 hours.

According to BlockBeats, on July 2, Michael Burry expanded his short positions in the AI sector, with targets including Tesla, Applied Materials, Caterpillar, and semiconductor ETF SOXX. Burry described South Korea's recent announcement of a major chip industry cluster investment plan as the "beginning of the end" for the AI boom, questioning whether escalating capital expenditures will generate corresponding returns. Burry maintained his bearish stance on Nvidia through put options on SOXX and

According to Bloomberg, as of July 1, Iran's offshore crude oil and condensate inventory exceeded 58 million barrels, with over 90% remaining unsold. Buyers have adopted a cautious stance due to unresolved Western sanctions, unclear payment mechanisms, and weak Asian demand. Multiple tankers are on standby, with some planning ship-to-ship transfers near Singapore. India's state-owned refineries have secured crude supplies through August and await clearer guidance from the U.S. on dollar payment

Taiwan's Economic Minister Kung Ming-hsin announced on July 2 that the Geological and Mining Center plans to visit California and Colorado in October to survey rare earth mineral sources and attend local seminars. According to Kung, if the mineral sources meet industry requirements after assessment, the Industrial Technology Research Institute will establish a rare earth refining production line with American partners. Taiwan aims to meet half of its rare earth demand domestically by 2030, when

According to UBS report published on July 1, the bank views Meta's potential sale of AI compute power or model access to external customers as a positive signal rather than evidence of AI infrastructure oversupply. UBS maintained its Buy rating on Meta with a 12-month price target of $865, seeing the strategy as a way to accelerate revenue generation from the company's large AI investments. The bank projects Meta's diluted GAAP EPS at approximately $32.6 for 2026 and $33.0 for 2027, noting that

Gate News message, prediction markets volume on major platforms experienced explosive growth in June. Trading volume increased from $65 million on June 1st to $5.4 billion by June 29th, with a peak of $5.6 billion recorded on June 22nd. Kalshi led this surge in trading activity, demonstrating sports events as drivers for prediction trading demand.