Gate Crypto Flash News and Market Updates

According to Jin10, China's Securities and Exchange Commission on July 3 announced new rules for listed companies' equity refinancing, including a unified market-price issuance pricing mechanism. All capital increases must use the first day of the issuance period as the pricing benchmark date to promote market-based pricing. The regulator also improved lockup period arrangements to strengthen protection for retail investors.

Gate launched gStocks on July 3, a tokenized securities product backed on a 1:1 fully reserved basis by underlying shares. The platform enables 24/7 trading with fractional investing starting from 1 USDT, covering 15 tokenized equity pairs including Micron, AMD, SanDisk, and SpaceX at launch. Assets integrate into Gate's unified ecosystem, supporting margin lending, yield products, and automated trading tools.

According to Zhitong Finance, Feisi Technology (Ningbo) Co. Ltd received approval from China's Securities Regulatory Commission (CSRC) on July 3 for its Hong Kong listing and domestic unrestricted share conversion program. The company plans to issue no more than 32.29 million overseas-listed ordinary shares on Hong Kong Stock Exchange, while 19 shareholders will convert a combined 115.74 million domestic unlisted shares into overseas-listed shares to trade on HKEx.

Panos Panay, Amazon's hardware and services chief, introduced Alexa+, an upgraded AI version of Alexa with enhanced contextual awareness and cross-device integration, during an interview published this week. The assistant is designed to learn about users' lives and execute tasks with minimal input. In a notable disclosure, Panay announced that Amazon is focusing on end-to-end silicon design for critical consumer devices, following a strategy similar to Apple's approach of integrating hardware an

GitHub Copilot, Microsoft's AI programming assistant, integrated Kimi K2.7 Code model today. This marks the first time the platform has incorporated an open-source model since its launch.

According to the China Meteorological Administration and Ministry of Transport, the administration issued an orange-level rainstorm warning on July 3 at 6 p.m., while the ministry simultaneously activated its second-level response for heavy rainfall. The coordinated action reflects heightened preparedness for severe weather conditions across the country.

According to the China Securities Regulatory Commission on July 3, Beijing Junzheng Integrated Circuit Co., Ltd. (300223.SZ) received regulatory approval for Hong Kong IPO. The company plans to issue no more than 61,658,000 overseas-listed common shares and list on the Hong Kong Stock Exchange main board, with Guotai Huantong as sole sponsor. The company previously submitted its listing application to the HKEx on May 26.

According to a Reuters survey conducted in July, the Canadian dollar is expected to appreciate 4.3% over the next 12 months, reaching 1.36 against the U.S. dollar, up from the June forecast of 1.34. For the next three months, the CAD is projected to strengthen 1.3%, reaching 1.40 per U.S. dollar, compared to the prior month's estimate of 1.37.

According to SEC Chair Paul Atkins, on June 30, the SEC outlined a new cryptocurrency regulatory plan to clarify which digital assets are securities and subject to SEC jurisdiction. The SEC has also signed a historic memorandum of understanding with the CFTC to unify key definitions and coordinate regulatory oversight between the two agencies, aiming to replace regulatory ambiguity with clear rules for issuers, investors, and entrepreneurs.

According to BlockBeats, Open Standard announced the launch of stablecoin Open USD (OUSD) on July 3, claiming participation from 140+ global financial and payment firms including Visa, Mastercard, BlackRock, and Samsung Electronics, with planned launch within the year. However, multiple South Korean companies stated they had no formal negotiations with OUSD's issuer. Samsung Electronics said it had "no formal discussions and is unaware of its role in the alliance." Shinhan Financial Group, Dunam

According to Bangko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan, banks, e-wallet operators, and other supervised financial institutions must comply with new digital transfer fee rules by July 4. Under Circular No. 1238, institutions must adopt a "reasonable and fair market-based pricing mechanism." The key rule: if same-bank transfers are free, transfers between different banks should cost only the switch fee—approximately P1.50 for InstaPay transactions. Institutions failing to comply

According to Jin10, CNPC Chairman Dai Houliang met World Petroleum Council President Pedro in London on July 2 (local time). The two exchanged views on deepening practical cooperation. Dai stated that the World Petroleum Council, as a leading international energy organization, plays an important role in formulating industry governance rules and promoting technological innovation. He noted that China is an important member state of the council and CNPC is a deep participant in its affairs, expres

According to New Automotive, BYD UK reported June new vehicle sales of 2,999 units, representing a 9.01% year-over-year increase.

According to CoinDesk, semiconductor and memory ETFs have declined sharply since June. The Roundhill Memory ETF (DRAM) has fallen 25% from its June peak, while VanEck Semiconductor ETF (SMH) has dropped about 12% during the same period. The selloff followed reports that Meta is moving forward with selling surplus GPU capacity, sparking declines across AI infrastructure stocks and compute service providers. Bitcoin has rebounded from its two-year low amid the broader pullback in technology stocks

According to Whale Alert, Circle minted 250 million USDC on Solana on July 3 at 18:17 UTC, valued at approximately $250 million. The new tokens were issued through USDC Treasury.

According to Yonhapnews, South Korea's government announced on July 3 its plan to build a low-orbit satellite communication network comprising hundreds of satellites by 2035. The project is considered core infrastructure for national security and communications sovereignty, as well as a strategic foundation supporting the 6G era. The construction is expected to strengthen South Korea's satellite and launch vehicle research and manufacturing capabilities.

According to French media on July 3, Interpol issued a red notice to apprehend a 39-year-old Ukrainian woman suspected of carrying out the bombing in Monaco on June 29. She is accused of attempted murder and deliberately placing an explosive device on a public road. A bomb detonated when three people approached an unidentified package placed in the entrance of a building, injuring all three, with two suffering serious injuries. French publication Figaro reported she is the primary suspect in the

According to BlockBeats, on July 3, Bitget upgraded its institutional fee framework covering PRO membership and liquidity incentive programs. The upgrade extends to crypto assets, equities, precious metals, commodities, and indices, offering refined fee structures and market-making support tailored to different asset classes for professional traders, market makers, and liquidity providers.

According to financial industry sources, Mirae Asset Securities submitted a filing on June 29 to issue 1.26 trillion won in commercial paper. SK Hynix is set to participate as an investor in the offering, according to market reports.

According to Bloomberg, on July 3, Spotify demanded that prediction market platforms Kalshi and Polymarket remove its logo and clarified that no partnership exists between them. The action followed Spotify's discovery of manipulated song charts used to settle prediction market contracts. Spotify identified and removed over 500,000 anomalous plays that had artificially boosted a song to the top of its U.S. chart. The fraudulent streaming data was subsequently used to settle a Kalshi prediction ma