Gate Crypto Flash News and Market Updates

Over the July 4 holiday weekend, Bitcoin rebounded to over $63,000, up 5% on the week, while spot Bitcoin ETFs recorded $223.5 million in net inflows on Thursday, marking a sharp reversal from June's record $4 billion-plus outflow streak. Ethereum climbed 12% to $1,770, Solana gained 11% to $81, and altcoins broadly outpaced Bitcoin. The ETF inflow reversal follows a softer-than-expected June jobs report that eased rate-hike concerns and opened room for risk assets to rally. ANSEM soared 300% on

Broadcom shares surged over 5% in premarket trading on July 6 after reports that the chipmaker and Apple agreed to extend their technology partnership through 2031. The extended agreement reflects the ongoing collaboration between the two companies on semiconductor and component development.

According to the Shanghai Gold Exchange, on July 6 evening, Gold T+D opened unchanged at 907.0 yuan per gram, while Silver T+D rose 0.19% to 15,150.0 yuan per kilogram.

The British government sanctioned seven Russian scientists and two state research institutes today on July 6 for developing chemical weapons used to poison opposition leader Alexei Navalny and former spy Sergei Skripal. The sanctions target individuals involved in creating the Novichok nerve agent and Epibatidine toxin. Foreign Secretary Yvette Cooper stated: "Russia's repeated use of chemical weapons is a sickening violation of international law and a direct threat to global security. We will c

SK Hynix's U.S. ADR listing has received oversubscription. The company will stop accepting subscriptions at 4 p.m. ET on July 8.

According to Bank of America's latest global memory technology report released on July 2, market concerns about the memory price surge cycle ending are largely "emotional disturbances" rather than fundamental shifts in the industry. The report addresses three key market worries: Meta's plans to lease AI computing capacity, China's CXMT entry into Apple's supply chain, and South Korea's 800 trillion won semiconductor investment plan. Bank of America argues these developments do not signal demand

According to Odaily, Hong Kong Securities and Futures Commission (SFC) discussed eliminating the 10% minimum exemption for virtual asset fund managers, with new regulations taking effect immediately without transition periods. The SFC also confirmed plans to separate virtual asset platform staff certification exams and curricula, with exam fees reduced to align with existing Paper 2 and Paper 3 rates. Additionally, the Hong Kong Securities and Futures Professional Association requested clearer d

According to on-chain analyst Yu Jin, a major whale transferred 4 million USDC to Hyperliquid and opened a 500 BTC long position worth $31.48 million at $62,911 per BTC on Monday before US market open. The whale also holds 12,000 ETH purchased at an average price of $2,068 in March, with an unrealized loss of approximately $3.6 million.

According to a leaked report from Burmese fraud centers cited by Hongxing News, scam networks are leveraging OpenAI's ChatGPT and Google's Gemini for automated multilingual phishing and identity spoofing, with cryptocurrency payments enabling rapid cross-border fund transfers. The operations employ what researchers describe as an "AI acquisition plus crypto settlement" model, combining AI-generated social engineering with blockchain-based payment channels to achieve high automation and internati

Canada's national economic confidence index reached 51.2 as of July 3, up from 50.9 in the prior period.

Gate News message, according to AggrNews, Strategy's Bitcoin holdings have decreased by 3,588 BTC (approximately $225.606 million) to 843,775 BTC, as shown on the website. The current Bitcoin market capitalization stands at $1.3 trillion.

According to Goldman Sachs, the investment bank has raised its price targets for three semiconductor and storage companies. SanDisk's price target was upgraded from $1,200 to $2,200, Western Digital's from $400 to $650, and Applied Materials' from $520 to $645.

According to SEC filings, data center operator Csquare plans to list on NYSE under ticker CSQR, raising up to $1.35 billion through an offering of 50 million shares priced at $23–$27 each. The IPO values the company at approximately $4.18 billion.

According to Goldman Sachs, on July 6, the bank released a research report maintaining its 12-month target for South Korea's KOSPI index at 12,000 points, implying over 20% upside from current levels. Goldman Sachs expects Korean enterprises to deliver 320% net profit growth in 2026, followed by 35% growth in 2027, driven by AI chip leaders like Samsung Electronics and SK Hynix expanding opportunities across energy, materials, and industrial sectors. The bank dismissed bubble concerns, noting th

Goldman Sachs raised AMD's price target from $450 to $640 (a 42.2% increase) on July 6, while maintaining its buy rating on the semiconductor company.

According to Herald Economy, SK Hynix American Depositary Receipts (ADRs) will begin trading on Nasdaq on July 10, providing U.S. investors direct access to the South Korean memory chipmaker. The ADR structure uses a 10-to-1 ratio, with 1 ADR equivalent to 0.1 ordinary shares, allowing U.S. investors to purchase smaller denominations. Based on SK Hynix's July 3 closing price of 2.425 million Korean won and an exchange rate of 1,530 won per dollar, analysts estimate an ADR share at approximately

According to Coinglass data, Coinbase Bitcoin Premium Index has remained in negative territory for 49 consecutive days from May 19 to present, with the latest reading at -0.1072%. This extends the previous record of 40 consecutive days of negative premium set from January 16 to February 24, surpassing the roughly 30-day negative streak observed during the 2011 market collapse.

According to a CNBC interview, billionaire investor Jeremy Grantham warned that US equities could decline by up to 70%, citing valuations comparable to the dot-com bubble of the early 2000s. Grantham stated that current market valuations represent "the most expensive market in American history" based on his metrics comparing stock market value to GDP. Grantham noted the timing of a potential collapse is difficult to predict but could occur within two years. He recalled that during the dot-com bu

According to BlockBeats citing BIT data, U.S. storage sector stocks advanced across the board on July 6 pre-market trading, with Seagate Technology (STX) up 3.26%, Western Digital (WDC) up 4.15%, SanDisk (SNDK) up 4.81%, and Micron Technology (MU) up 3.02%.

According to ChainCatcher, Bitcoin rose nearly 7% in the week through July 5, marking its strongest weekly performance since March. The rally was primarily driven by declining inflation expectations, with the two-year breakeven inflation rate dropping below 2%, approaching the Federal Reserve's target level. WTI crude oil prices have similarly retreated to levels seen prior to the February geopolitical tensions, prompting the market to reassess inflation pressures and interest rate outlook. Mark