Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-07-03
21:41

Securities Stocks Rally 7% as KOSPI Recovers Above 8,000 on July 2

According to Korea Exchange, securities stocks surged 7% yesterday (July 2) as South Korea's benchmark KOSPI index climbed 5.7% and broke above the 8,000-point level. Samsung Securities led gainers with a 10.38% jump, followed by NH Investment & Securities at 8.46% and Korea Financial Holdings at 7.32%, with the broader securities sector posting its best performance of the day after recent underperformance.
21:33

Heavy Rainfall in Ghana Kills 34 People on June 28-29, Including 12 in Capital Accra

According to Ghana's National Disaster Management Authority, as of July 3, heavy rainfall on June 28-29 killed 34 people nationwide, with 12 deaths reported in capital Accra. The flooding caused widespread disruption to transportation and communications in Accra, which experienced temporary paralysis. Authority officials indicated the death toll could rise as additional reports from other regions are verified.
21:33

A7A5 Claims $34 Billion in Volume as Analysts Question Usage

According to blockchain analytics firms, a dispute has emerged over A7A5, a sanctioned Russian ruble-backed stablecoin, and its reported trading activity. A7A5 claims $34.4 billion in total volume between January 1 and June 17, with an average daily volume of $205 million. However, TRM Labs analyst Chris Keegan estimates the actual average daily volume at closer to $75 million, with approximately 34% of observed transaction volume involving circular fund movements that may artificially inflate a
More
21:32

KONEX IPOs Hit Record Low of 1 Company in 2026 as Market Value Plummets 46.7%

According to Korea Exchange, KONEX recorded only 1 new listing in 2026 as of July 3, marking a historic low following 14 listings in 2022 and 2023, 6 in 2024, and 4 in 2025. The market has contracted sharply: listed companies declined from 154 in 2017 to 107 currently (down 30.5%), while market capitalization fell from 6.25 trillion won in 2018 to 3.33 trillion won, a 46.7% drop. Daily trading volume has dried up, averaging just 421.19 million won on July 2 compared to 7.4 billion won at its 202
More
21:31

MSCI Emerging Markets Index Surges 2.2% on Friday, Kospi Jumps 5.8% Led by Samsung, SK Hynix

Friday, the MSCI Emerging Markets Index surged 2.2%, marking its largest single-day gain since June 15. South Korea's Kospi index jumped 5.8%, with strong performance from chip makers Samsung Electronics and SK Hynix offsetting losses from a decline in Taiwan Semiconductor Manufacturing Company shares. The gains partially recovered losses from the previous two trading days.
21:28

Tesla Beats Q2 Delivery Forecast by 73,000 Units, Stock Plunges 7.49% in 24 Hours

Tesla delivered 480,126 vehicles in the second quarter of 2026, exceeding analyst consensus of 406,024 units by over 73,000 vehicles and marking the company's strongest Q2 on record. Year-over-year deliveries surged 25%, while sequentially rising 34% from Q1's 358,023 units. However, the stock fell 7.49% following the announcement, marking its largest single-day decline in nearly a year and the third consecutive quarterly earnings miss on the stock chart, as investor focus has shifted from sales
More
21:26

South Korea's KOSPI Falls 3.84% in Week of June 29-July 3 Amid AI Investment Concerns

According to the Korea Exchange, the KOSPI declined 322.87 points (3.84%) to close at 8,088.34 for the week ended July 3, driven by renewed concerns over artificial intelligence infrastructure investment slowdown. Semiconductor stocks including Samsung Electronics and SK Hynix fell 8.84% and 9.71% respectively. DB Hitek, a semiconductor equipment maker, plummeted 23.75%, the largest decline among KOSPI constituents. The sell-off was triggered by reports that Meta may sell excess data center comp
More
21:13

Samsung and SK Hynix Leverage Products Record 40%+ Losses Despite Trillions of Won in Retail Inflows Over Past Month

Retail investors poured trillions of won into Samsung Electronics and SK Hynix single-stock leverage products over the past month, with net purchases reaching 1-2 trillion won, but the returns fell sharply short of expectations. The investments recorded losses exceeding 40% during the same period despite bullish bets on the semiconductor rally. The underperformance was driven by negative compounding effects—volatility amplified losses faster than gains could be recovered, eroding investment retu
More
21:11

Claude Fable 5 Performance Drops on Benchmarks, But Safety Classifier—Not Model—Blamed for Routing Failures

According to BridgeBench AI and Arena.AI, Claude Fable 5's reinstatement on July 1 triggered conflicting benchmark results. BridgeBench reported debugging scores collapsed from 86.2 to 25.9, but data showed nine of twelve tasks were rerouted to Opus 4.8 by Anthropic's new safety classifier rather than reaching Fable 5 itself. Meanwhile, Arena.AI's thousands of human-preference votes found Fable 5 performance largely flat or improved across most categories when the model actually handled requests
More
21:09

Gold Nears $4,200, Silver Surges 2.28% on Friday as Weak U.S. Jobs Data Weighs on Dollar

According to Kitco, spot gold and silver surged on Friday (July 3) following weaker-than-expected U.S. employment data, with gold trading near $4,175.50, up 1.30%, and silver near $62.22, up 2.28%. Nonfarm payrolls rose 57,000 in June while unemployment slipped to 4.2%, reducing near-term Fed-hike urgency, pushing the dollar lower, and leaving the 10-year Treasury yield near 4.5%.
21:05

Offshore Yuan Weakens 35 Points to 6.7853 on Friday

On Friday (July 3), offshore yuan (CNH) closed at 6.7853 against the U.S. dollar in New York afternoon trading (04:59 Beijing time Saturday), gaining 35 points from Thursday's close. The currency traded within a 6.7901-6.7811 range during the session. For the week, CNH rose approximately 190 points, gaining 0.29%.
More
20:57

Canada's S&P/TSX Composite Index Rises 0.88% to 35,274.84 on July 3

On Friday (July 3), Canada's S&P/TSX Composite Index rose 0.88% to 35,274.84 points, with investors responding positively to Prime Minister Carney's disclosure of a new west coast pipeline transportation project. The index gained 0.84% for the week. Canada's 10-year benchmark government bond yield fell 0.4 basis points to 3.443%, while the two-year yield declined 0.5 basis points to 2.756% on the day. The 10-year yield advanced 5.7 basis points for the week.
More
20:42

Bitcoin Rises to $62,200 Yesterday, Up 2% Today as Tiger Research Signals Final Downtrend Phase

According to Tiger Research, Bitcoin briefly rose to a daily high of $62,200 on Binance yesterday, with BTC currently trading around $61,600 and gaining 2% today and 3% over the past seven days. The analysis company stated in its latest report that Bitcoin and the broader market have entered the final phase of the current downtrend, signaling a strengthening bullish outlook. Analysts noted that much of the selling pressure has already been absorbed, though further declines are possible but likel
More
20:31

MCSA Shifts to Neutral Stance on Clarity Act After Recent Section 604 Discussions

According to Fox Business, Major County Sheriffs of America has shifted to a neutral stance on the Clarity Act following recent discussions on Section 604 of the Blockchain Regulatory Certainty Act. In a letter to Senate Banking Committee leaders, MCSA stated that ongoing review of the legislation presents an opportunity to further strengthen it in ways that support responsible innovation and address the practical needs of state and local law enforcement.