Gate Crypto Flash News and Market Updates

According to the Financial Times, OpenAI CEO Sam Altman is in active talks with the Trump administration about the US acquiring a 5 percent stake in the leading AI firm. The talks are in early stages, with Altman arguing that giving the public a financial stake is the best way to share the upside of AI. Trump favors the proposal, and his administration has also approached other AI companies including Google and Meta about similar stakes. However, neither Google nor Meta has indicated agreement w

According to the Wall Street Journal, U.S. negotiators proposed on Thursday that Iran relinquish claims to control the Strait of Hormuz and waive transit fees in exchange for billions of dollars in frozen assets to be unfrozen during talks in Doha. Iran signaled the same day that the offer was insufficient to change its position.

According to TheStreet, ARK Invest bought 287,609 shares of Circle Internet Group (CRCL) worth approximately $18 million on July 1. The purchase came as Circle shares fell nearly 15% in two days, dropping from $72.25 on June 30 to $61.95 on July 1, after over 140 companies including BlackRock, Coinbase, Visa, and Mastercard announced support for a competing stablecoin called Open USD. CRCL stock rebounded more than 10% on July 2 following Standard Chartered's announcement of integrated access to

According to Foresight News, FTT surged to $0.319 in 15 minutes before settling at $0.274 USDT, marking a gain of over 30%. The spike coincides with ongoing discussions at the White House regarding potential pardons to commemorate America's 250th anniversary, following SBF's formal pardon application to the Department of Justice in June 2026. However, a White House spokesperson previously stated that Trump has not considered pardoning SBF.

According to Foresight News, Fhenix has completed the acquisition of FHE infrastructure company Sunscreen. Sunscreen founder Ravital Solomon has joined Fhenix as Head of Research. The acquisition amount was not disclosed. Sunscreen specializes in applying fully homomorphic encryption technology to blockchain applications.

According to Arkham, approximately $30.85 million in Bitcoin linked to Irish drug trafficker Clifton Collins' address was transferred to Coinbase Prime Custody earlier today (July 2). Collins previously accumulated over $400 million in Bitcoin assets before authorities seized portions of the funds. Arkham data shows multiple large BTC movements from the address in recent months: on March 24, approximately $35.44 million was seized by Irish police and transferred to Coinbase Custody; on May 19, a

According to ChainCatcher citing Southern China Morning Post, Chinese law enforcement agencies from Wenzhou Public Security Bureau and Zhejiang Provincial Public Security Department published a technical paper on June 4 in the journal Criminal Technology. The paper systematically disclosed forensic procedures, asset tracking, seizure, and freezing processes used in cryptocurrency-related cases.

According to CCTV, Beijing's municipal Communist Party leadership group released the Implementation Plan for Accelerating AI-Enabled Scientific Research (2026-2028) on June 30. The initiative focuses on five strategic pillars: autonomous laboratory construction, flagship scenario applications, scientific model development, scientific data provision, and innovation ecosystem cultivation.

According to Guru Club, on July 2, liquid petroleum gas (LPG) and other commodity futures rose sharply overnight. LPG climbed nearly 3%, while methanol advanced more than 2%. Propylene, polypropylene, bitumen, coke, and plastic futures all gained more than 1%. On the downside, iron ore fell more than 1% and palm oil declined nearly 1%.

According to Pulses, on July 2, ICE London sugar futures hit $490 per ton during intraday trading, marking a nine-month high. The surge comes as strong El Nino conditions are forecast to develop through at least November, with the World Meteorological Organization projecting an 80% probability of strong El Nino between July and September, and a 90% probability it will persist beyond November.

According to a Hong Kong Stock Exchange filing by Kuaishou on July 2, the company's investors approved a $2 billion investment in AI model Keling.

According to BIT, on July 2, Micron (MU) fell 4.2% and breached the $1,000 mark amid a broader selloff in the memory chip sector, despite President Trump's two separate endorsements of the company today. The broader storage sector saw steep declines: SanDisk (SNDK) dropped 10.1%, while Western Data (WDC) and Seagate (STX) each fell 6.2%. Trump stated that Micron announced a historic $250 million investment in a Trump account and called it "one of the largest corporate investments of its kind," y

According to market reports, Danmarks Nationalbank (Denmark's central bank) intervened in the foreign exchange market in June, purchasing 700 million Danish kroner (DKK).

According to the U.S. Permanent Representative to the United Nations, Iran continues to attack vessels and target infrastructure in Bahrain and Kuwait despite having signed a memorandum of understanding.

According to The Block, Kalshi and Polymarket's combined trading volume surged 75% month-on-month to $44.8 billion in June, driven by the 2026 FIFA World Cup. The trading volume jumped from $25.6 billion in May as traders flocked to markets covering World Cup matches, tournament winners, top scorers and other football-related outcomes. The sharp increase marks the strongest monthly expansion for prediction markets this year and highlights how sports are rapidly becoming a major growth engine alo

According to Bitget data, SanDisk (SNDK.O) declined 10% during intraday trading on July 2.

According to the U.S. Permanent Representative to the United Nations, Iran is attempting to impose illegal fees in the Strait of Hormuz. The representative stated that the strategic waterway must remain open to all nations.

Galaxy has raised concerns about structural conflicts between U.S. SEC custody rules and registered investment advisors' (RIAs) ability to allocate client assets to decentralized finance. The SEC's Custody Rule mandates that client assets be held at qualified custodians, effectively excluding self-custody options and limiting direct DeFi participation. Meanwhile, qualified custodians often lack the technical capability to support DeFi interactions and face high compatibility costs with new block

According to Lookonchain, two wallet addresses have profited over $1.29 million shorting $GUA on Aster as of July 2, with the highest returns exceeding 500%. Address 0x9613 has achieved returns of 522.46%, generating approximately $542,000 in unrealized profits from its short position.

According to Bloomberg, Senator Elizabeth Warren on Wednesday called on Federal Reserve Governor Christopher Waller to stop advancing his proposal to reform the operating structure of the Federal Reserve's 12 regional branches. Warren, the top Democrat on the Senate Banking Committee, stated in her letter that the reform plan may conflict with federal law and could weaken the Fed's independence. She also suggested the proposal appears designed to appease former President Trump's efforts to gain