Gate Crypto Flash News and Market Updates

According to Reuters, Foxconn's second-quarter revenue rose 39.8% year on year to T$2.513 trillion (US$78.6 billion) on July 5, beating analyst estimates of T$2.372 trillion (US$74.2 billion) as AI demand drove growth. The company's cloud and networking products division and smart consumer electronics division, which includes iPhones, both grew strongly. June revenue reached a record T$821.8 billion (US$25.7 billion), up 52.1% year on year. Foxconn expects third-quarter operations to grow both q

The National Medical Products Administration (NMPA) announced recently that cell and gene therapy drugs meeting specific criteria will be placed into an expedited 30-day review pathway for clinical trial approvals. The announcement came as the NMPA's Comprehensive Department released a draft notice for public consultation on optimizing the regulatory process for cell and gene therapy pharmaceuticals.

According to Westpac, the Reserve Bank of New Zealand is expected to hold the Official Cash Rate unchanged at 2.25% at its policy meeting on Wednesday (July 8). Westpac noted that oil prices have fallen faster than anticipated over the past six weeks, easing inflation pressures and giving the central bank more time to observe economic conditions ahead of additional important data releases.

According to Shinhan Investment & Securities on July 6, the brokerage cut its price target for LG Energy Solution to 550,000 KRW from 600,000 KRW, citing line conversion costs pressuring profitability through the second quarter. However, the firm maintained its "buy" rating, citing accelerating energy storage systems (ESS) orders and revenue growth in the second half. Shinhan estimated LG Energy Solution's second quarter operating profit at 246 billion KRW, exceeding market consensus of 203.4 bi

According to Arm CEO Rene Haas in recent comments, high-performance AI CPU demand has reached unprecedented levels, with customer requests for processor cores surging from 128 to 192 cores. The surge is driven by agentic AI workloads, where large numbers of parallel virtual tasks require CPU orchestration, scheduling, and tool execution that GPUs cannot solely handle. Since its March launch of a new 136-core Neoverse V3 CPU built on TSMC's 3-nanometer process, Arm stock has doubled. Haas estimat

According to Al Jazeera, U.S. President Donald Trump said on July 4 that he was shocked by the scale of Iranian mourning for deceased Supreme Leader Ali Khamenei, stating "I thought Iranians didn't like him." Trump also claimed that Iran's high-ranking officials were gathered at the funeral and could be eliminated in a single strike, but he would not do so because there would be no one left to negotiate with.

According to Jin10, Genesis Minerals proposed an acquisition offer valuing Vault Minerals at approximately 5.6 billion Australian dollars (3.9 billion USD) on July 6. The bid values each Vault share at 5.274 Australian dollars, representing a 15.7% premium over the company's previous closing price. The offer also exceeds Regis Resources' all-stock acquisition proposal from May by nearly 6%.

According to Odaily, Trump plans to arrive at the NATO summit on Tuesday and will hold his first meeting with host Turkey's President Erdogan. The White House stated Trump will also meet Syrian President Assad and hold a press conference. On Wednesday, Trump will meet with Zelensky to discuss ending the Russia-Ukraine war. Trump plans to urge NATO allies to increase defense spending.

According to Odaily, Ethereum net supply increased by 83,550 ETH over the past 30 days as of July 5. Total supply has reached 121.838278 million ETH, with an annual growth rate of 0.835%.

According to Paradis Labs, Agility plans to go public via CCXI SPAC in Q4 2026 under ticker AGLT, raising approximately $640 million from backers including Amazon, Nvidia, SoftBank, and DCVC. Over 100 Digit humanoid robots have been deployed across nine facilities including Amazon, GXO, Schaeffler, Toyota, and Mercado Libre, with approximately 98% accuracy in Schaeffler's eight deployments and GXO's three pre-booked deployments. Digit v5 orders exceed $300 million, with the model launching in 20

According to CoinDesk, the Clarity Act failed to be signed into law on July 4 as previously indicated by White House advisor Patrick Witt in May. The law faces mounting risks, with the House of Representatives encountering significant obstacles on multiple legislative priorities, including budget measures. Market participants now view August 7—the last working day before the Senate's summer recess—as a critical window for advancing the bill.

According to Yahoo Finance and multiple Wall Street strategists, the S&P 500 recorded its highest quarterly gain in six years during the second quarter of 2026, driven by semiconductor strength and broad-based gains in smaller-cap stocks. Baird strategist Ross Mayfield stated on July 5 that conditions favor further upside in the second half, with corporate earnings and abundant liquidity supporting the rally. JP Morgan raised its year-end S&P 500 target to 7,800 to reflect expanded AI investment

According to Yonhapinfomax, the USD-KRW exchange rate rose to 1,527.70 won on July 6, up 2.10 won from the previous close. The opening price was set at 1,527.60 won, reflecting a rebound as buyers capitalized on last week's sharp 25-won decline. The currency pair has stabilized as the market resumes continuous 24-hour trading for the first time.

According to Shinhan Investment & Securities analyst Sang-hoon Jo, Seoul Bankruptcy Court terminated Home Plus' corporate restructuring procedure on July 6, citing insufficient feasibility of the retailer's revised recovery plan. The court cited failure to secure 200 billion won in operating funds, collapsed financing negotiations with creditor Meritz Financial, and low probability of operational recovery. With Home Plus now facing liquidation, analysts expect market share redistribution among S

According to Bloomberg, SK Hynix plans to raise approximately $29 billion via a Nasdaq American depositary receipt (ADR) listing expected on July 10. The deal could become the largest first-time US share sale by a foreign company. The South Korean memory chipmaker holds about 60 percent of the global high-bandwidth memory (HBM) market, supplying chips used in AI servers and processors as AI demand continues to rise.

According to Yonhap Infomax, last week (June 29–July 3), 29 South Korean securities firms issued corporate papers and short-term bonds totaling 25.3093 trillion won. Korea Investment Securities led with 7.754 trillion won issued, followed by Mirae Asset Securities at 4.19 trillion won and Hana Securities at 2.95 trillion won.

According to a Sunday Times investigation published this weekend, Reform UK leader Nigel Farage failed to declare extensive financial support from George Cottrell, a convicted fraudster with ties to offshore crypto gambling platforms, potentially breaching MPs' disclosure rules. Cottrell paid for Farage's private security, drivers, social media staff and accommodation in the year before Farage's election as MP for Clacton on July 4, 2024, per the report. House of Commons rules require newly elec

According to SK Securities, South Korea's KOSPI index is experiencing extreme volatility this week, with the VKOSPI volatility index at 89.29 points on Friday, reflecting daily price swings of 5.6% within one standard deviation. The market faces three key validation events: Samsung Electronics' Q2 provisional earnings on July 7, SK Hynix's Nasdaq ADR listing on July 10 under ticker SKHY, and the June Federal Reserve meeting minutes. SK Securities analyst Jo Jun-gi noted that while VKOSPI remains

According to iM Securities analyst Lee Sang-hun, on July 6, the firm raised its price target for Samsung SDS (018260) to 270,000 won from 220,000 won, citing accelerating growth in the company's AI datacenter business. The 22.7% increase reflects expectations that AI infrastructure expansion will drive revenue growth and profitability improvements. Samsung SDS plans to invest 10 trillion won through 2031, with 5 trillion won allocated to AI infrastructure, and projects datacenter revenues of 6.6

According to Daishin Securities, on July 6, the firm projects South Korea's KOSPI index to reach 11,500 points by mid-Q3, citing that recent market fears surrounding artificial intelligence and semiconductor sectors lack fundamental basis. Analyst Lee Kyung-min noted that even with the KOSPI trading at a 12-month forward price-to-earnings ratio (PER) of 9 times, the index can enter the 10,000-point era, while the April low of 7,300 represented extreme undervaluation at 6.32 times PER, near the 2