Gate Crypto Flash News and Market Updates

According to Gate data, SK Hynix stock plunged 3.5% and is now trading at 2.11 million Korean won per share.

Spot gold rallied to $4,150 per ounce intraday today, gaining 0.63%.

Recently, Ukraine's Prosecutor General office transferred over 8.3 million USDT seized from alleged international hacking group members to a state asset recovery wallet, according to a Telegram statement. The four suspects, including the organizer, were detained, and total seized assets reached $11.1 million, including property, vehicles, $1 million in cash and cryptocurrency. The hacking group targeted Europe and the US, stealing confidential data and demanding ransom, causing over $100 million

According to Citigroup, Brent crude oil prices are expected to fall to $60–65 per barrel by year-end, as the U.S.–Iran Memorandum of Understanding is likely to remain in effect and eventually formalize into a complete agreement over the coming months. The bank reiterated its recommendation to sell during any summer price rallies.

According to People's Daily today, China's platform economy has achieved robust development in recent years, contributing to technological innovation, domestic demand, and employment stability. However, "involutional" competition characterized by platform merchants being forced to participate with thin or negative margins and deteriorating service quality has emerged. The outlet calls for guiding the platform economy to shift focus from competing on price to competing on quality and innovation a

According to Jin10, China's CFETS-NEX RMB funding sentiment index rose to 46 as of 08:45 on July 3, up 1 point from 16:00 the previous day. The indices for large banks, mid-tier banks, and non-bank institutions reported 45, 48, and 45 respectively, each rising 1 point. The index uses a 0-100 scale where 50 represents equilibrium and readings above 50 indicate tightening liquidity.

According to Bits.media, Russia's Central Bank Governor Elvira Nabiullina said on July 3 that the central bank is closely monitoring stablecoins' use in international settlements but will only consider them as a supplement to the digital ruble, maintaining a cautious approach to domestic stablecoin settlements. She stated the central bank will not prioritize this direction. Nabiullina revealed that the central bank is actively discussing the issuance of a ruble-anchored stablecoin under state co

According to Decrypt, SBI Crypto, a subsidiary of Japanese financial giant SBI Holdings, announced on July 3 that it will shut down its Bitcoin mining pool service on July 31. The mining pool, ranked 11th globally on Hashrate Index, has been operational since 2017. Until the shutdown date, the platform will continue normal operations, allowing customers to continue mining and receive rewards. SBI Crypto is coordinating with other mining pool operators, including Braiins and Luxor, to facilitate

According to Bits.media, Russia's central bank deputy chair Vladimir Chistyukhin said on July 3 the proposed crypto law will impose a 48-hour cooling period, during which transferred funds are frozen to protect non-professional investors from fraud. The freeze applies only to account-to-account transfers, not brokerage services. Under the rules discussed, non-custodial wallet holdings in Russia are capped at 100,000 rubles; Russian residents may only hold crypto in non-custodial wallets outside

The Government of Alberta announced that the design and construction of a new western coast pipeline project will begin no earlier than September 1, 2027.

According to CNBC, Microsoft announced on July 2 that it will invest $2.5 billion in Microsoft Frontier, a new unit designed to place 6,000 employees with customers to help them adopt AI. The division will combine existing forward-deployed engineers, consultants, support staff, and sales personnel. Microsoft Asia president Rodrigo Kede Lima will lead the unit. These forward-deployed engineers adapt AI solutions in customer environments based on real data, workflows, and legacy systems.

According to Ford CEO Jim Farley, ahead of the United States-Mexico-Canada Agreement (USMCA) trade talks being reopened, Ford hopes to create a fairer competitive environment for automakers. Farley stated that manufacturers like Ford, which produce most of their vehicles domestically, should be rewarded, while those relying heavily on imports should face penalties or restrictions. Ford reported assembling over 2 million vehicles in the United States last year, more than any other automaker, incl

According to Barclays, Japan's government bond yield curve has steepened this week amid market concerns over Bank of Japan action lag and fiscal outlook. The bank's analysts noted a pronounced bear steepening pattern in the curve during early Tokyo trading on July 3.

According to Bits.media, the number of global cryptocurrency ATMs declined 27.7% in the first half of 2026, falling from 39,158 units at year-start to 28,322 units. The U.S. market accounted for 96% of the decline, dropping from 30,617 to 20,237 ATMs (a 33.9% decrease), while still representing 71.5% of global active devices. Finbold cited experts attributing the decline not to waning demand but to operators contracting infrastructure amid regulatory tightening and market volatility. The U.S. He

According to Hong Kong Stock Exchange filings, Shenzhen Hongxinyu Electronics submitted an IPO application to the Hong Kong bourse on July 3, with China CITIC Securities International as exclusive sponsor. The company plans to allocate proceeds toward product development, main controller chip iteration, and capacity expansion. Founded in 2018, Hongxinyu is China's second-largest independent memory manufacturer and ranks fifth globally, offering embedded storage (eMMC/UFS), solid-state drives (SS

According to Bloomberg, SoftBank Group and SoftBank Corp. formed SB Neo Inc. on July 2 to rent AI chips and cloud computing to U.S. companies starting next fiscal year. SoftBank Corp. will own 51% of the venture, while parent SoftBank Group holds 49%. SB Neo aims to supply approximately 10 gigawatts of data center capacity by around 2030 for AI training and inference, exceeding the current contracted capacity of rivals CoreWeave and Nebius, each at 3.5 gigawatts. The venture will launch first in

After India's government warned Wednesday that Meta's WhatsApp username feature could fuel cybercrime, the U.S. tech company defended the new capability. A Meta spokesman said users must still link a phone number to use WhatsApp and that the platform has built multiple safeguards into the username feature to prevent fraud. Meta said it will limit how many new users a single account can contact, block repeated username guessing attempts, and deploy systems to detect and remove accounts exhibiting

According to Jin10, major Chinese stock indices declined on July 2, with the Shanghai Composite dropping 2.03%, the Shenzhen Component falling 3.85%, and the ChiNext Index sliding 5.71%. The Tech 50 Index suffered the steepest loss at 7.7%. Hong Kong's Hang Seng Index rose 0.76%, while European markets moved higher, with Germany's DAX up 2.11%, the UK FTSE 100 gaining 1.73%, and France's CAC 40 advancing 1.65%. U.S. markets showed mixed performance, as the Dow Jones climbed 1.14%, while the Nasd

According to Bloomberg, ElevenLabs held early talks on a secondary share sale, with the transaction potentially valuing the company at about $22 billion. The tender offer is expected by September, allowing employees to sell shares before any initial public offering without issuing new stock. This would value the AI voice startup at roughly double its $11 billion valuation from February.

According to BlockBeats, on July 3, Trump claimed in an interview that Elon Musk would donate SpaceX stock to his "Trump Account." Trump said his relationship with Musk remains very good, despite noting they have not spoken since Musk became a trillionaire.