Gate Crypto Flash News and Market Updates

According to ESMA, the regulatory body added 37 crypto-asset service providers to its MiCA register on Jul 3, marking its first post-deadline update since the deadline. Standard Chartered and FalconX are among the newly listed providers.

According to Barron's, enterprises are reassessing their AI investments after facing unexpected Token cost overruns in 2024, with pricing transparency and budget control becoming major challenges across Wall Street. Reasoning models and AI agents are the primary cost drivers. Reasoning models perform lengthy internal computations before generating outputs, consuming far more Tokens than the final text produced. AI coding agents are even more costly, requiring up to 1,000 times more Tokens than h

According to BlockBeats, U.S. stock markets closed on July 3 in observance of Independence Day. Futures contracts on the Chicago Mercantile Exchange (CME) covering precious metals, energy, foreign exchange, U.S. Treasuries, and stock indices ended early at 01:00 Beijing time on July 4. Intercontinental Exchange (ICE) Brent crude oil futures trading concluded at 01:30 Beijing time on July 4.

According to Olshan Realty and Brown Harris Stevens, luxury apartment sales in Manhattan remained strong in June with 126 contracts signed for properties priced at $4 million or above, up from 124 in the same period last year. The average price of a Manhattan apartment reached its second-highest level ever during the second quarter, climbing 5% year-over-year to roughly $2.2 million. High-end segment sales surged, with condos priced between $10 million and $20 million up 55%, while those over $2

According to CNBC, American Express and Chase expanded premium lounges beyond airports in 2025 and 2026, offering cardholders access to exclusive spaces at major sporting events and festivals. Amex Platinum cardholders gained lounge access at the US Open, Stagecoach music festival, and multiple Formula 1 races worldwide. Chase Sapphire Reserve members accessed lounges at Lollapalooza, Miami Art Week, and the PGA Tour. The companies also operate permanent lounges at stadium and arena venues globa

According to J.D. Power's initial quality ranking released on June 25, Ford achieved the top position among mass-market brands in the U.S., marking the first time the automaker has led the study since 2010. The ranking, which assesses owner-reported problems within the first 90 days of ownership, saw Ford improve across nearly every vehicle category, including software, infotainment and powertrains. Ford ranked third overall, behind luxury brands Porsche and Genesis. The news drove Ford stock up

According to CNBC analysis, 14 companies have sponsored both America250, the nonprofit supporting the congressionally created U.S. Semiquincentennial Commission, and Freedom 250, the Trump-backed public-private partnership organizing major anniversary events. The companies include Boeing, Deloitte, John Deere, Lockheed Martin, Northrop Grumman, Oracle, Palantir, Raytheon Technologies, SAP, Scotts Miracle-Gro, UFC and United Airlines. Many have significant federal business including defense contr

According to Shanghai Gold Exchange, on July 3 evening session, gold and silver T+D contracts surged. Gold rose 2.61% to 910.29 yuan/gram, while silver jumped 4.68% to 15,260 yuan/kilogram.

Weaker-than-expected U.S. nonfarm payrolls this week triggered a sharp downward revision in Federal Reserve rate hike expectations, weighing heavily on the Dollar across major currency pairs. EUR/USD is poised for its first weekly gain in three weeks, while GBP/USD remains capped below 1.3400 despite higher prices. Gold has snapped a multi-week losing streak as the tightening premium supporting the Dollar gets stripped away. Traders will closely watch next week's FOMC minutes for signals on whet

According to JustLend DAO and Binance Wallet, TRON DeFi Summer launches on July 6 at 08:00 SGT with a $4.5 million prize pool. The joint initiative kicks off in three days.

According to Meta's Chief AI Officer Alexander Wang, CEO Mark Zuckerberg's recent comments about slower-than-expected AI agent development in the past four months refer to industry-wide progress, not Meta specifically. Wang announced that Meta will soon release a new Muse Spark update aimed at significantly enhancing the model's programming capabilities and agent abilities to better compete with leading models in the industry, with deployment across Meta AI and a new API platform.

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