Gate Crypto Flash News and Market Updates

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.

According to New Zealand's Prime Minister, Indian Prime Minister Narendra Modi will make his first official visit to New Zealand next week.

According to Stand With Crypto on July 1, the advocacy group urged senators to schedule a floor vote on the Digital Asset Market Clarity Act (CLARITY Act) before Congress breaks for the August recess. The Senate returned on July 13 after the Independence Day recess, leaving only eight legislative business days before the planned August break. The Senate Banking Committee approved H.R. 3633 on a bipartisan 15-9 vote in June. More than 200 organizations, including Coinbase, Ripple, Kraken, and Par

According to Panos Panay, Amazon's senior vice president of devices and services, the company is focused on designing custom end-to-end chips for its key consumer hardware. Custom chips are already deployed in Echo Show 8, Echo Show 11, and Fire TV devices. Panay stated Amazon has a roadmap of portable devices coming and users will not need to wait long.

South Korea's KOSPI index declined 3% during intraday trading on July 3.

According to a CICC report, U.S. non-farm payrolls added 57,000 jobs in June, falling short of market expectations, indicating a moderation in employment growth momentum. The unemployment rate declined to 4.2%, while labor force participation continued to recede, suggesting stable demand paired with tightening labor supply. The report maintains CICC's view that the Federal Reserve will neither raise nor cut rates for the remainder of 2026, as the data provides the central bank with time to asses

According to The Defiant, ENS DAO's public goods working group officially closed on July 3 after 4.5 years of operation. In its final sixth funding round, the working group distributed 450,000 USDC and 72.5 ETH (approximately $123,000) to Ethereum infrastructure projects including Vyper, Argot Collective, and Remix Labs. The working group coordinated strategic grants totaling 375,000 USDC in a 1:1.2 co-funding ratio with the Ethereum Foundation.

According to SoSoValue data cited by ChainCatcher, Bitwise Hyperliquid ETF (BHYP) recorded net inflows of $2.24 million on July 2 (U.S. Eastern Time). The fund's historical cumulative net inflows have reached $122 million to date.