Gate Crypto Flash News and Market Updates

According to Guru Club, spot silver fell over 1% to $61.75 per ounce on July 6.

According to Southern California Edison, 95% of customers in the Westchester area affected by the storm are expected to have power restored by 7 p.m. Pacific Time on Monday, July 6.

According to South China Morning Post, Hong Kong's Mandatory Provident Fund Scheme Authority will revise rules on gold ETF investments later this week, potentially allowing all gold ETFs to become eligible investment options for mandatory provident funds as long as they meet specific standards. The move supports Hong Kong's effort to establish itself as a global gold trading hub.

Leapmotor B10 completed local certification in Mexico in July 2026 and officially entered the market, launching deliveries as the company expands into North America. The model is now available at Leapmotor dealerships across Mexico after undergoing localization validation at Stellantis' Mexico automotive engineering center.

Nikhil Rathi, CEO of the UK's Financial Conduct Authority, sounded the alarm today over risks posed by agentic AI in finance. "We need to think about new tools and a different way of working with the AI market in a more collaborative way," Rathi said, signaling the need for regulators and the market to cooperate on managing emerging AI-driven financial risks.

According to Foresight News, the Hong Kong Securities and Futures Professionals Association (HKSFPA) met with regulators on July 3 to discuss virtual asset platforms' operational challenges. Participants included the Securities and Futures Commission's intermediaries department, along with representatives from Hong Kong's Treasury Bureau. The association highlighted rising compliance costs for virtual asset trading platforms, citing hardware security module supply monopolies, cold-hot wallet rat

According to Foresight News, Bitcoin spot ETFs recorded net outflows of $527 million during the trading week ending July 2, continuing their eighth consecutive week of withdrawals, per SoSoValue data. BlackRock's IBIT led outflows with $773 million in weekly net redemptions, while Grayscale's GBTC saw $27.69 million in net outflows. Ark & 21 Shares' ARKB was the only major spot Bitcoin ETF attracting inflows, with $102 million in net deposits for the week. Bitcoin spot ETF assets under managemen

According to Dragonfly managing partner Haseeb Qureshi, Venice is a centralized company, and its VVV token does not represent ownership or equity. Instead, VVV holders can stake tokens to mint DIEM and gain access to Venice's inference computing power, plus benefits from products like Venice Pro. The company plans to buy back and burn VVV using business revenue. Venice AI completed a $65 million Series A funding round on July 1, led by Dragonfly.

According to Beating, WeChat Work has introduced multiple AI recorders developed with hardware manufacturers, enabling one-click recording during offline meetings. The devices integrate seamlessly with WeChat Work's video chat app, capturing speech accurately even in noisy environments and automatically generating meeting summaries and task assignments through voice recognition and AI analysis. The feature also integrates with users' calendars and work dashboard, providing unified access to past

According to CarbonScape, Contemporary Amperex Technology Co. Limited (CATL) announced a strategic investment in the New Zealand biochar graphite material developer on July 6. The partnership will combine CarbonScape's biochar graphite technology with CATL's expertise in industrialization to scale production and prepare for commercial deployment across Europe and globally.

On July 6, Japan's 10-year government bond yield rose 3.5 basis points to 2.805%.

According to traders on StockTwits, U.S. memory stocks rebounded overnight late Sunday after sharp declines earlier in the week. Western Digital (WDC) shares rose 3.3%, while SanDisk (SNDK) and Micron (MU) were up over 2%, and the Roundhill Memory ETF (DRAM) gained 0.8%. The rally follows a selloff triggered by reports that AI startup Anthropic was considering a custom chip partnership with Samsung, causing SNDK to drop over 14%, WDC to fall 10%, and MU to decline 5.5%. Traders are positioning a

According to Citi, the recent stock price decline of MiniMax (HK: 00100) reflects pricing controversy around its M3 model launched in early June and weak market reception. The brokerage slashed its target price by 60%, from 1,330 Hong Kong dollars to 533 Hong Kong dollars, citing near-term pressure from negative sentiment, user retention concerns, and monetization strategy uncertainty. The stock was added to Citi's 30-day downside watch list. Citi expects further volatility as the initial lock-u

According to Bitcoin.com News, Deribit and Signalplus launched "The Island" trading competition on July 6, running through August 10, 2026. The contest begins with a 400,000 USDC prize pool that expands to 500,000 USDC at 15 billion dollars in global trading volume and reaches 600,000 USDC at 25 billion dollars. The headline prize is a private island or its cash equivalent, with additional rewards including Rolex watches, Nvidia stock, Bali and Turkey trips, and Apple Vision Pro headsets tied to

According to Japanese investment bank MUFG on June 6, the Korean won is expected to strengthen gradually in the second half of 2026, with the dollar-won exchange rate forecasted at 1,520 won in Q3, declining to 1,500 won in Q4, and further falling to 1,480 won in Q1 2027 and 1,460 won in Q2 2027. MUFG also projects the Bank of Korea will raise its benchmark rate twice in H2 2026, citing stronger-than-expected growth and inflation, with rate hikes anticipated in Q3 and Q4. Supporting factors incl

According to Yonhap Infomax, crude oil prices declined on July 6 as shipping operations resumed through the Strait of Hormuz and OPEC+ announced a production increase starting in August. August WTI fell 0.39% to $68.42 per barrel, while September Brent crude declined 0.55% to $71.72 per barrel as of 10:16 a.m. local time. Ship-tracking data from Kpler showed that after at least eight vessels diverted or turned back through the strait on July 3-4, oil and liquefied natural gas tankers resumed ope

According to SoSoValue data, Ethereum spot ETFs saw net outflows of $13.67 million in the week ended July 3 (U.S. Eastern Time), marking the eighth consecutive week of net outflows. BlackRock's ETHA recorded the largest inflows at $44.65 million for the week, bringing its cumulative net inflows to $11.12 billion, while BlackRock's ETHB experienced the largest outflows at $39.22 million.

According to SoSoValue, Solana spot ETFs saw net inflows of $57.467 million during the week of June 28–July 2. Bitwise's SOL ETF (BSOL) led with $8.324 million in weekly inflows, bringing its historical cumulative inflows to $898 million. Fidelity's SOL ETF (FSOL) recorded $892,100 in weekly inflows with historical cumulative inflows reaching $194 million, while Grayscale's SOL Trust (GSOL) saw $3.4699 million in weekly outflows despite maintaining $110 million in historical cumulative inflows.

According to SoSoValue data, Bitcoin spot ETFs experienced net outflows of $527 million during the trading week ended July 2, marking the eighth consecutive week of withdrawals. BlackRock's IBIT led outflows with $773 million in weekly net outflows, while Grayscale's GBTC saw $27.67 million in weekly outflows.

According to SoSoValue data, XRP spot ETFs recorded net inflows of $17.19 million this week (June 28 to July 2). Bitwise ETF XRP led with $7.919 million in weekly inflows, bringing its historical total inflows to $501 million. Canary ETF XRPC followed with $6.3886 million in weekly inflows, reaching $467 million in cumulative inflows to date.