Gate Crypto Flash News and Market Updates

Federal Reserve Overnight Reverse Repurchase Agreement (RRP) usage stood at $2.175 billion on Thursday (July 2) with 4 counterparties, up from $1.001 billion on the previous trading day.

On Thursday (July 2), the UK 10-year gilt yield rose 1.9 basis points to 4.776% during European trading, reaching a daily high of 4.816% just before the US non-farm payroll report. The 2-year yield fell 0.7 basis points to 4.199%, while the 30-year and 50-year yields gained 2.5 and 2.6 basis points, respectively. The 2/10-year yield spread widened by 2.474 basis points to +65.442 basis points.

According to BlockBeats, on July 3, trader 3X Long Labubu noted that South Korea's KOSPI index (a leading indicator for semiconductor cycles) has fallen below its 50-day moving average, while Micron Technology (MU) broke below its 21-day moving average on the same day.

U.S. total active drilling rigs rose to 580 for the week ending July 3, up from 573 a week prior, according to U.S. energy data.

According to the company's SEC filing, on Thursday (July 2), Jersey Mike's filed for an initial public offering under the ticker JMKE, reporting that same-store sales cumulatively climbed 50% from 2020 through 2025. The sandwich chain reported net income of $55 million on total revenue of $724 million last year, up from net income of $5 million on revenue of $653 million in 2024. Jersey Mike's now operates nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. beh

The number of U.S. natural gas drilling rigs in the week of July 3 rose to 126, up from 125 in the prior week.

According to Baker Hughes, U.S. energy companies' drilling rigs increased for three consecutive weeks, signaling renewed activity in the American energy sector.

The United States oil rig count reached 445 in the week of July 3, rising by 5 from the previous week's 440, according to weekly energy sector data. The increase reflects continued activity in U.S. crude oil drilling operations.

According to Defense Minister Katz, the Israeli military has destroyed approximately 83% of the Hamas tunnel network in the areas of Gaza controlled by the Israel Defense Forces as of today (July 2).

According to The Information on Thursday (July 2), Anthropic is in talks with Samsung Electronics to develop a custom AI chip and serve as its manufacturing partner. The collaboration aims to strengthen computing power and reduce reliance on single chip suppliers. However, the plan remains in early stages; Anthropic has not finalized chip design details including processor functions, performance specifications, and server integration. The company stated that Amazon's Trainium chip, Google's TPU,

According to Evercore ISI and Santander analyst Stephen Stanley, the Federal Reserve will not dismiss weak June employment data as a reason to abandon rate-hike expectations; rather, inflation data will remain the key driver of policy decisions. While markets have significantly reduced expectations for additional rate increases this year, analysts argue this reaction is excessive. Stephen Stanley noted that the employment report may only "slightly" shift Fed officials' views, but most policymake

According to reports, on June 29, Palantir and Nvidia announced a collaboration to deploy Nvidia's Nemotron open AI model within sovereign environments, primarily serving U.S. government and critical infrastructure clients. The partnership integrates Nvidia AI technology with Palantir's AIP, Foundry, Ontology, and Apollo platforms, enabling organizations to train, customize, and deploy AI locally while maintaining full control over data, intellectual property, and model weights. David Sacks, co-

According to IOTA Foundation's Q2 2026 report, the Foundation activated the Starfish consensus protocol on April 23 to enhance mainnet stability under real-world network conditions. The upgrade also completed Protocol Version 29 with enhanced smart contract security measures. In application-level progress, IOTA expanded TWIN trade infrastructure deployments across Africa and the United Kingdom. With TradeMark Africa, the team developed business models for Kenya deployment; the ADAPT initiative l

In the past 24 hours, major digital assets posted mixed gains. Bitcoin rose 2.59% to $61,616.63, while Ethereum surged 5.05% to $1,699. Among altcoins, Solana gained 4.41%, XRP was up 2.96%, and Dogecoin increased 2.28%. MarketVector digital asset indices also advanced, with the 100-index rising 3.33%, the mid-cap index up 3.35%, and the small-cap index gaining 2.05%.

According to Reuters, the Trump administration and Anthropic have not discussed U.S. government ownership stakes in the artificial intelligence company, according to an informed source.

On Thursday (July 2), German government bond yields shifted amid U.S. non-farm payroll data release. The 10-year Bund yield rose 2.6 basis points to 2.904%, oscillating within a 2.892%-2.929% range throughout the session before spiking near the 20:30 Beijing time data release and retreating thereafter. The 2-year yield fell 1.2 basis points to 2.5% after jumping to 2.541% pre-release, dropping to 2.492% following the payroll report. The 30-year yield gained 3.8 basis points to 3.489%, trading ar

European Central Bank President Christine Lagarde said she is confident that the ECB's rate hike in June was the correct decision.

According to BlockBeats, Aave deployed its V3 lending protocol on Monad on July 3, initially supporting 12 assets including USDT, USDC, GHO, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe. The deployment marks Aave's first mainnet launch to enable Chainlink's Smart Value Recovery (SVR) mechanism, which redirects a portion of MEV generated during liquidations back to the protocol. Monad Foundation committed $15 million in incentive funding over the first 12 months post-launch

Gate News message, a research team has released analysis of the cryptocurrency market for Q2 2026. The data shows 82.1% of Top-100 assets declined in June. All 8 key narratives posted negative median returns during the period. On-chain fees fell by 44.6% on average. ETH recorded notable performance metrics in the quarter.

According to BIT market data, the Philadelphia Semiconductor Index fell 5% on July 3, with storage and optical communications sectors declining broadly. SanDisk led declines with a drop exceeding 12%, followed by Micron and Intel falling over 5%. Marvell Technology, Applied Materials, and Corning each fell over 9%, while AMD slid over 4%. Broadcom and Nvidia declined approximately 2%.