Gate Crypto Flash News and Market Updates

According to JPMorgan Chase, as reported by Jin10 on July 4, gold prices are expected to face near-term pressure due to weakening demand and renewed sensitivity to real interest rate movements, but the bank forecasts a recovery in the second half of 2026. The investment bank targets an average gold price of approximately $4,300 per ounce in Q3 and around $4,500 per ounce in Q4 2026, maintaining a bullish medium to long-term outlook supported by continued central bank purchases and persistent str

According to Jin10 Data, Argentina's government abolished the Interior Ministry on July 2, transferring its functions to the Chief of Cabinet office. The Chief of Cabinet will now oversee coordination with provinces, manage cross-jurisdictional affairs, and handle tourism, environment, sports, and science and technology matters at the federal level. Two new deputy cabinet positions were also created to assist the Chief of Cabinet.

According to Tronscan, TRON network set new usage records in June 2026, exceeding 385 million total transactions with 26.9 million active wallet addresses. The growth was driven by high stablecoin settlement volume, particularly through OUSD and USDT transactions.

According to SemiAnalysis on X, memory spending in Nvidia systems is projected to surpass 30% of total capital expenditure by end of 2026 and exceed 40% by 2027. The analyst firm raised its forecast in May following faster-than-expected pricing increases in DRAM, NAND, and HBM components combined.

Thales will record approximately €450 million in non-cash impairment charges in the first half of 2026 following the termination of the F126 frigate program. The charge is classified as a special and primarily non-cash item. Separately, the defense contractor raised certain 2026 earnings guidance targets.

Brent September crude oil futures gained $0.32 per barrel, or 0.44%, closing at $72.12 per barrel this week, though the contract has declined 0.66% over the full week. Abu Dhabi Murban crude futures surged 1.47% to $66.18 per barrel, though weekly losses reached 1.61%.

According to CFTC Chair Michael Selig, Illinois approved a 0.2% tax on crypto transactions last month as part of its FY2027 budget, with the Digital Asset Tax Act scheduled to take effect in January 2027. Selig criticized the measure, saying Illinois lawmakers "slammed the brakes on technological progress." The CFTC leader framed the tax as conflicting with federal efforts to establish a unified national crypto market framework, warning that state-level levies could fragment compliance requireme

According to reports from Blockmedia and industry sources, Open Standard, the consortium behind the OUSD stablecoin backed by over 140 companies, faces allegations of listing partner companies without their formal approval. Samsung Electronics, Shinhan, Dunamu, and K Bank denied signing agreements or approving their inclusion as consortium members, with Samsung stating there was no formal discussion. Tether advisor Gabor Gurbacs and The Big Whale CEO Raphaël Bloch confirmed these companies told

JPMorgan Chase maintains a long-term bullish outlook on gold, expecting further price recovery in 2027. The bank's research reinforces its optimistic stance on the precious metal amid ongoing macroeconomic conditions.

According to pro-XRP lawyer Bill Morgan, XRP held in Ripple's escrow has fallen below 32.5% of total supply, contradicting the 35% to 40% figures commonly cited by critics. The balance has declined steadily over the past year from approximately 36%, as Ripple continues its monthly practice of unlocking 1 billion XRP while re-locking only a portion—averaging about 300 million XRP returned to escrow. At the current pace, Morgan estimates the escrow share could drop below 29% by July 2027. XRP clim

According to the European Central Bank's weekly calendar, ECB President Christine Lagarde will personally attend the Eurogroup meeting on July 9 and the EU Economic and Financial Affairs Council (Ecofin) meeting on July 10 in Brussels, rather than being represented by the ECB Vice President.

According to Fox Business, President Trump's 2025 financial disclosure revealed over $600 million in revenue from his Solana meme token. Following the filing's release, Senator Gillibrand renewed her call for ethics reforms to prohibit presidents, Congress members, and their spouses from issuing or sponsoring digital assets.

According to Marc Boiron, CEO of Polygon Labs, Citi's blockchain platform for pre-IPO shares, which launched in June, prioritizes privacy at the cost of liquidity for eligible investors. Boiron told FinanceFeeds that confining assets to a single closed network limits buyers to a handful of existing clients rather than reaching all eligible investors across markets. He argues that cryptographic privacy tools like zero-knowledge proofs and programmable eligibility can work on open networks, allowi

According to CNN and an indictment filed by Israel's State Attorney's Office on July 3, an American student living in Jerusalem was charged with spying for Iran in exchange for cryptocurrency. The ultra-Orthodox seminary student allegedly responded to a job posting on Telegram while visiting his family in the United States in November 2025. After returning to Israel, Iranian intelligence agents assigned him tasks including taking photographs and videos, paying him in cryptocurrency. The suspect

According to the European Securities and Markets Authority (ESMA) today, companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives. Many prediction market event contracts already face EU retail bans as regulators tighten oversight of the sector.

Spot palladium fell 2.00% intraday on July 3, trading at $1,225.57 per ounce.

According to the International Atomic Energy Agency (IAEA), the Zaporizhzhia Nuclear Power Station lost its external power supply for the 21st time today during ongoing military operations in the region.

In the past 24 hours, Bitcoin rose 0.85% to $62,032.74, with a seven-day gain of 4.07%. Ethereum climbed 1.97% to $1,732.62, up 10.49% over the past week. Solana gained 0.64% with a seven-day increase of 13%, while Dogecoin and XRP rose 2.98% and 2.77% respectively. The MarketVector Digital Asset 100 Index rose 0.95% to 12,402.25 points, gaining 4.56% over seven days.

According to Bank of Russia Governor Elvira Nabiullina, the central bank announced at the Financial Congress in St. Petersburg that the digital ruble is ready for nationwide rollout beginning September 1, 2026. Starting that date, 12 systemically important banks must provide digital ruble services, and large retailers with annual revenue exceeding ₽120 million are required to accept CBDC payments. Individuals will be able to open digital wallets and make transfers using the digital ruble. Banks

On Friday (July 3), UK 30-year gilt yields rose 6.9 basis points this week to 5.517%, while 10-year gilt yields increased 5.1 basis points to 4.782%. Two-year gilt yields slipped 0.3 basis points on the week, standing at 4.122%. The 2/10-year yield spread widened by 5.4 basis points to 66.0 basis points on the week.