Gate Crypto Flash News and Market Updates

According to Jin10 data, crude oil futures rose slightly on July 2. West Texas Intermediate (WTI) crude for August delivery gained 11 cents to close at $68.69 per barrel, up 0.16%, while Brent crude for September delivery advanced 23 cents to $71.80 per barrel, up 0.32%.

According to Mizuho, on July 2, senior analyst Dan Dolev raised Robinhood Markets (NASDAQ: HOOD) price target to $130 from $115 while maintaining an Outperform rating. The new target implies more than 15% upside from the stock's closing price of $112.73. Mizuho's bull case centers on Robinhood's potential to become the first global hyperscaler in online brokerage, noting the space remains fragmented by geography with dominant U.S. players holding limited influence in Europe and Asia. The company

Tesla delivered 480,126 vehicles in the second quarter of 2026, up 25% year-over-year and 34% quarter-over-quarter, significantly surpassing analyst consensus estimates of roughly 406,000 units. The company also produced 451,758 vehicles, with deliveries exceeding production as it continued to clear prior inventory buildup. Despite beating expectations by over 73,000 units, Tesla's stock fell 7.49% on the news, marking the largest single-day decline in nearly a year. Market analysts attributed t

Gate News message, according to Bloomberg, Trump said he previously did not know about the situation regarding cryptocurrency gains.

U.S. President Donald Trump announced on July 2 that he will begin the procedure to remove Federal Reserve Governor Cook from the Fed.

U.S. President Donald Trump stated that American GDP growth should be between 12 and 13 percent.

According to CNBC, President Trump praised rising stock markets during a recent interview. Trump expressed approval of the stock market's performance without providing specific details about which indices or gains he was referring to.

According to sources, the next round of US-Iran negotiations is scheduled for July 18, following a period of diplomatic standoff. The U.S. ambassador to the UN stated that President Trump's patience with Iran is wearing thin, signaling heightened tensions ahead of planned discussions.

According to Bloomberg, Crusoe Energy is in talks to raise approximately $3 billion at a valuation of around $30 billion. The company operates data centers for Meta and Oracle.

According to the National Weather Service, record-breaking heat is affecting the central and eastern U.S. on July 2, with peak heat index reaching 115°F (46°C). Approximately 163 million people are impacted by the extreme temperatures. The weather service forecasts that the high-temperature conditions will persist through July 4 across most affected regions.

On Thursday (July 2) at New York close, offshore yuan (CNH) traded at 6.7888 against the U.S. dollar, up 59 pips from Wednesday's close. The pair fluctuated within a range of 6.7966 to 6.7836 during the session.

According to Ondo Finance, the company launched tokenized versions of BlackRock's iShares Core S&P 500 ETF (IVV) and Micron shares on Thursday under a third-party custodial framework aligned with SEC guidance issued in January. The tokens are issued on Ethereum and backed 1:1 by securities held through regulated custodians. Token holders retain standard shareholder rights, including issuer communications and onchain proxy voting via Broadridge. The launch represents the first time a third party

According to CNBC, Citadel's tactical trading fund saw assets under management (AUM) grow 14.3% through June, marking strong performance for the first half of 2026.

Michael Burry, known as "The Big Short," shorted Micron Technology at $1,051.87 on Wednesday. The stock fell 5.49% to $975.56 on Thursday, a day before the jobs report release.

On July 2, spot gold surged 2.30% to $4,123.21 per ounce following the release of the U.S. Non-Farm Payrolls report at 20:30 Beijing time, having traded near $4,060 for most of the session before rallying to near $4,140 post-data. COMEX gold futures rose 1.22% to $4,132.20 per ounce. Spot silver gained 3.04% to $60.9430 per ounce, with COMEX silver futures climbing 2.87% to $61.340 per ounce.

South Korea's foreign exchange reserves reached $427.36 billion in June, up from $426.99 billion in May, according to official data released in early July.

According to Stocktwits, Amazon deployed 29 additional satellites early Thursday via a United Launch Alliance (ULA) Atlas V rocket launched from Cape Canaveral Space Force Station, bringing its Amazon Leo constellation to 396 satellites. The deployment completes the network infrastructure required for the company's commercial space-based internet service rollout later this year. "We've completed enough launches for initial service this year," Chris Weber, vice president of business and product f

According to SEC filing and The Block, Avalanche Treasury Co. (AVAT) shares fell 73% since their June 11 Nasdaq debut, dropping from $1.85 to $0.50 by quarter-end. The decline was driven by unrealized losses in the company's AVAX holdings: its 13.39 million AVAX tokens declined from a cost basis of $265.3 million to a fair value of $122.8 million, representing an unrealized loss of approximately $142.5 million. The filing revealed net losses of $26.78 million and a net working capital deficit of

According to TheStreet, Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber blamed President Donald Trump for Bitcoin's decline, calling his venture into digital assets a "grift." The criticism came after filings revealed Trump profited $1.2 billion from crypto businesses in 2025, including holdings in TRUMP meme coin, World Liberty Financial (WLFI), Bitcoin, and Ethereum. Gerber cited a Wall Street Journal report citing Nansen data showing roughly two-thirds of 1.48 million TRUMP coi

According to Tymofiy Tkachenko, head of Kyiv City Military Administration, Russian forces conducted a large-scale air strike on Kyiv from the evening of July 1 to the early morning of July 2, resulting in 27 deaths and 91 wounded, according to Jin10 Data.