Gate Crypto Flash News and Market Updates

According to UBS via BlockBeats, on July 3, the bank raised its DDR contract price benchmark for Q3 2026 to +32% quarter-on-quarter and Q4 2026 to +18%, up from prior forecasts of +17% and +12% respectively. UBS maintained its forecast that the DRAM industry will remain in supply shortage at least through 2028, with the gap between demand and supply growth expected to widen to 17% by 2027. For NAND, UBS forecasts Q3 2026 prices at +30% quarter-on-quarter and Q4 2026 at +12%, with the upward cycl

According to Financial News, Seoul Bankruptcy Court terminated Homeplus restructuring proceedings on July 3 after the court found insurmountable financing disagreements between key backers. The court's decision document revealed that Meritz Financial Group stated it could not provide funding beyond 1 trillion won, while MBK Partners indicated willingness to guarantee an additional 1 trillion won if Meritz committed the full 2 trillion won needed for the turnaround plan. The court determined the

Lebanon's President Michel Aoun reiterated that keeping Lebanon separate from Iran-U.S. disputes is a sovereign decision for the country. The statement underscores Beirut's position to avoid entanglement in broader regional geopolitical conflicts while maintaining independent foreign policy.

According to the Reserve Bank of India, India's gold reserves stood at $102.54 billion as of June 26, down from $107.93 billion a week earlier.

According to Tencent Cloud, the DeepSeek-V4 official "direct supply" model will launch mid-July on its TokenHub large model service platform and AI agent development platform. Following the original developer's pricing strategy, Tencent Cloud will introduce peak-valley pricing for the model.

According to Shielded Labs, Zcash's Ironwood upgrade faces a possible delay on July 3 as exchanges, mining pools, and wallets may need more time to complete Z3 software migration and safely prepare for the upgrade.

According to Jin10, China's Securities and Futures Commission announced today a new shelf registration system for directed equity offerings as part of refined rules for listed company refinancing. The system allows companies with strong information disclosure records to register once and issue multiple times, enabling faster market access and reducing market disruption from large single-tranche offerings.

According to Odaily, Liandong Technology announced plans to acquire 100% stake in NorthStar Technologies Limited for $10 million in cash from Renaissance Maverick Corp. through its Hong Kong subsidiary. The acquisition aims to introduce storage testing equipment technologies and related products to the domestic market.

According to an Israeli Defense Forces statement, on July 2-3, the IDF struck approximately 10 Hezbollah infrastructure sites and a weapons-laden truck in southern Lebanon over the past two days in response to what it characterized as Hezbollah's continued violations of a ceasefire agreement and attacks on Israeli troops. The strikes targeted areas including Bint Jbail, Beit Yahoun, Kunin, and Blahit in southern Lebanon. The IDF stated these facilities were used by Hezbollah to launch attacks ag

A defendant who owns one of the dormant Bitcoin wallets filed to dismiss the New York case today (July 3) seeking ownership of 39,069 Bitcoin wallets worth $229 billion in lost cryptocurrency.

According to Jin10, citing Indonesian military confirmation, a U.S. pilot was killed by armed militants in Indonesia's eastern Papua region on July 2. His small aircraft was subsequently set ablaze.

According to RootData, 70 crypto projects shut down, filed for bankruptcy, or became inactive during the first half of 2026, spanning DeFi, NFTs, blockchain gaming, Layer 2 networks, wallets and infrastructure. The list includes Loopring, Goldfinch, NFTfi, Nifty Gateway, ZeroLend, Ionic, Rage Trade, Botanix and others. Several failed projects had raised significant venture capital. Yupp raised $33 million and attracted nearly 1.3 million users but failed to generate sustainable revenue. Syndicat

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.