Gate Crypto Flash News and Market Updates

According to Bloomberg, the Fourth of July parade in Washington, D.C. was cancelled on July 4 due to extreme heat.

According to Seoul Economic Daily, on July 4 Seoul lowered the public contribution rate by half and raised the residential ratio cap to a maximum of 90% for pre-negotiated development sites in northern and southwestern Seoul. This is expected to accelerate large-scale development of stalled vacant properties in underdeveloped areas that have faced decades of profitability challenges. The measure directly benefits the former National Institute of Health site in Eunpyeong District, valued at appro

According to Business Insider, Meta Platforms' AI chief Alexandr Wang stated recently that the company's forthcoming Watermelon large language model has achieved performance parity with OpenAI's GPT-5.5, narrowing the technology gap in the AI race. Wang made the comments during an internal employee meeting, citing overall capability comparisons. However, the company did not disclose the specific benchmarks or evaluation metrics used to assess the comparison, and the claim remains unverified by i

According to overseas brokers, the USD/KRW 1-month non-deliverable forward (NDF) overnight rose to 1,526.65 KRW on July 4, up 2.10 KRW from Seoul's previous foreign exchange closing rate of 1,525.60 KRW. The bid price was quoted at 1,526.60 KRW, with the ask at 1,526.70 KRW. U.S. financial markets were closed on July 3 for the Independence Day holiday observance.

In June, CME's cryptocurrency derivatives contracts saw an average daily trading volume increase of 76% year-over-year, with notional value surpassing $10 billion, according to CME data. The growth reflects expanding institutional participation in crypto derivatives markets through regulated exchanges.

On July 2, Robinhood CEO Vlad Tenev told CNBC that AI-powered trading agents will emerge as a new category. He noted that automated trading, high-frequency trading, and AI-driven complex strategies have historically been dominated by institutional investors and Wall Street firms, with limited access for retail traders. In the future, AI agents could help ordinary investors participate in markets with institutional-level capabilities, further lowering barriers to financial investing.

According to Xinhua, on July 3, Georgian Prime Minister Kobakhidze and Uzbek President Mirziyoyev signed a joint declaration elevating bilateral relations to strategic partnership level.

According to The Information, Tesla will impose a weekly spending cap of $200 on employee AI tool usage starting July 6, with any overages requiring manager approval. The policy reflects the automaker's effort to balance AI expansion with cost control, as some software engineers have been consuming AI tokens costing thousands of dollars per week in recent months. The cap does not apply to beta products provided by Elon Musk's xAI, and the company is simultaneously encouraging staff to prioritize

According to Reuters, HCLTech won a $1.14 billion contract with an unnamed European firm on July 3 to transform and manage the client's global digital workplace and enterprise networks using an AI-driven operating model. The five-and-a-half-year deal can be extended for another five years, and marks HCLTech's largest announced contract since a $2.1 billion Verizon deal in August 2023. HCLTech's shares rose 6.3% following the announcement, while India's Nifty IT index gained 2.7%.

According to BlockBeats, KOL Ansem launched an airdrop page for ANSEM token on BullpenFi on July 4, pushing the Solana meme coin's market cap to $350 million within 12 hours. The token later retreated to $300 million, according to GMGN data. ANSEM recorded a 75.6% gain over 24 hours with $68 million in trading volume. Holders surpassed 100,000 addresses.

According to The Japan Times, Japanese chipmaker Kioxia has begun sending samples of its 332-layer 10th-generation 3D NAND flash memory to AI data center operators. The new chip delivers 59% higher bit density than its eighth-generation product and reaches speeds of 4.8 Gb/s, approximately 33% faster than the previous generation, while reducing power consumption by 10% for input and 34% for output. Production will ramp up in stages at Kioxia's Kitakami plant in Iwate Prefecture, with significant

According to The Japan Times, Kioxia has begun sending samples of its 332-layer 10th-generation 3D NAND flash chips to AI data center operators. The new chip delivers 59% higher bit density than its eighth-generation product and reaches 4.8 Gb/s data speed, approximately 33% faster than the previous generation, while cutting power consumption by 10% for input and 34% for output. Kioxia is producing the chips at its Fab2 facility in Kitakami, Iwate Prefecture, which started operations in Septembe

According to Coinglass data, Binance recorded net inflows of $213 million in USDT over the past 24 hours.

According to Jin10, on July 4, the S&P 500, Nasdaq, and Dow Jones indices posted their best quarterly performance since President Trump's previous term, with American households benefiting from tax cuts for working families. Trade deficits have narrowed while exports hit multi-month highs, reflecting improved economic conditions. Trump stated the administration has attracted trillions in new investment, expected to drive factory expansion and job creation.

According to CNBC, Amazon deployed 29 satellites via United Launch Alliance's Atlas V rocket on Thursday, bringing its Leo low-earth orbit satellite network total to over 390 satellites. Vice President Chris Weber stated the constellation now has sufficient capacity to provide continuous network service across initial coverage areas, with the company targeting an early service launch later this year to compete with SpaceX's Starlink. Amazon plans to accelerate deployment using ULA's Vulcan heavy

According to China's National Bureau of Statistics, in late June 2026 compared with mid-June, prices of 13 commodities rose, 34 fell, and 3 remained unchanged.

According to Asia Economy, South Korean gold and silver ETFs rebounded on July 4 after weak U.S. employment data reduced expectations for interest rate increases. Gold ETFs including ACE KRX Gold Spot and KODEX Gold Futures rose 2.1-2.75%, while silver ETFs climbed 2.82-4.9%. U.S. June nonfarm payrolls increased 57,000 versus the forecast of 110,000, prompting CME FedWatch to show July 29 FOMC rate hike odds below 30%. As interest-rate-sensitive assets, gold and silver gain relative appeal when

According to Seoul Rehabilitation Court, the court rejected HomePlus's revised restructuring plan on July 4, determining it was not feasible. The decision ends the company's 16-month restructuring process after it failed to secure the minimum 200 billion won needed for recovery. The ruling threatens 12,000 direct jobs and cascading effects across small suppliers and investors in asset-backed securities.

According to Huaxia Times, major steel mills in Shandong and multiple regions in Tianjin and Hebei raised metallurgical coke procurement prices on July 4. Wet-quenched coke increased CNY 50/ton and dry-quenched coke rose CNY 55/ton across all regions. After the adjustment, Grade-A wet-quenched coke settled at CNY 1,845/ton and Grade-A dry-quenched coke at CNY 2,135/ton. Liu Lulu, coal analyst at Zhuochuang Intelligence, told reporters that since late March, coke prices have entered a continuous

According to Rappler, RCBC announced on July 3 that it would make InstaPay transfers free starting July 4 through its RCBC Pulz mobile app and RCBC DiskarTech financial inclusion app. However, the offer comes with conditions: RCBC Pulz customers can make only 30 free transfers per month with a P100 minimum per transaction, with transfers below P100 or exceeding the cap charged at P10. BSP Deputy Governor Mamerto Tangonan told reporters the fee structure does not comply with BSP Circular No. 1238