Gate Crypto Flash News and Market Updates

According to Reuters, citing sources familiar with the matter, Japanese oil buyers are conducting preliminary negotiations with Iran over crude oil purchases on July 3.

According to The Block, Bitcoin stabilized above $61,000 and Ethereum surged to above $1,700 ahead of the U.S. Independence Day holiday on July 4, extending the previous day's rebound. The rally was triggered by weaker-than-expected U.S. non-farm payroll data, which cooled market expectations for further Federal Reserve tightening and renewed demand for risk assets. Option market volatility notably declined, with short-end implied volatility retreating from elevated levels to the high-30 range.

According to Hong Kong's Securities and Futures Commission, Hong Kong's assets under management reached HK$42.2 trillion ($5.4 trillion) in 2025, marking a record high with year-on-year growth of 20%. Net capital inflows surged 193% to HK$2.1 trillion ($265 billion), marking the third consecutive year of increases. Asset management and fund advisory business AUM rose 19% to HK$31 trillion ($4 trillion), while the number of licensed asset management firms increased 7% to 2,358 institutions.

According to Bloomberg, China's quantitative funds' assets under management doubled to 2.6 trillion yuan in less than a year, driven by widespread adoption of artificial intelligence technology and strong performance. Industry participants noted the investment focus has shifted from selecting quantitative strategies to choosing AI-capable institutions with leading capabilities.

According to CME Group, crypto futures contracts on the exchange saw 76% year-over-year growth in June, with daily average volume reaching 334,000 contracts and notional value of approximately $10.7 billion. Micro Bitcoin futures contracts grew 46% year-over-year to 77,000 contracts daily. For the second quarter, crypto futures daily average volume reached 250,000 contracts, up 32% year-over-year with notional value of approximately $13.7 billion, while Ethereum futures contracts grew 10% to 18,

According to Herald Economy, South Korea's KOSPI index plummeted 7.89% to 7648.09 on July 2 afternoon, with the sharpest decline occurring in just 3 minutes around market close. Institutional investors' net selling surged to 2.0825 trillion Korean won in the final minutes, up from only 114.6 billion won at 3:30 PM, according to Koscom data. Analysts attribute the rapid selloff to rebalancing and hedging activities in single-stock leveraged ETFs concentrated in semiconductor names like Samsung El

The EU Council recently imposed restrictive measures on six Russian individuals involved in the development of chemical weapons, particularly Epibatidine. The sanctions are part of the EU's ongoing efforts to counter chemical weapons proliferation and hold accountable those engaged in prohibited weapons research.

German Chancellor Friedrich Mertz said he will raise the issue of Germany and Europe increasing their contributions to NATO at the alliance's summit next week.

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.