Gate Crypto Flash News and Market Updates

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

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

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%.

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%.

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.

According to Herald Economy, IMM Private Equity was selected as the preferred bidder to acquire Kolong Industries' semiconductor and display materials business unit recently. The move follows the firm's recent acquisition of Hwha Diamond Industrial, as the private equity operator expands its manufacturing and advanced materials investment strategy.

According to Russian President Putin's spokesman Peskov on July 3 evening, Russia's military has completely liberated Luhansk and made major advances in Donetsk. Peskov also announced that Russian forces have fully captured Konstantinovsk city.

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

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.

According to PJM Interconnection LLC, the U.S. power grid operator reported a record-high electricity demand on July 2, marking a historic peak for the network.

According to the Federal Reserve, U.S. bank deposits reached $19.374 trillion last week, up from $19.304 trillion the previous week, reflecting a week-over-week increase of approximately $70 billion.

According to Hasnain Malik, geopolitical risk and emerging markets equity strategist at Tellimer, the Trump administration rejected extending the U.S.-Mexico-Canada Trade Agreement (USMCA) on Wednesday, triggering a 10-year countdown before the deal expires. Malik stated the move is negative for Mexico, increasing uncertainty over foreign direct investment returns in manufacturing. However, he noted that the rejection "is far less destructive than what could have happened," with the worst-case s

According to the Official Monetary and Financial Institutions Forum (OMFIF), central banks remain constructive on gold, with 45% expecting to increase their holdings over the next 12 months. The survey, published this week, found that reserve managers view bullion as an essential reserve asset providing diversification and protection against geopolitical fragmentation, with many expecting gold prices to trade between $5,000 and $6,000 per ounce over the next year. The World Gold Council's annual

According to Jin10, the U.S. dollar weakened significantly this week, posting its largest weekly decline since April with the dollar index down approximately 0.5%. The decline was driven by softer June U.S. employment data, which triggered markets to lower expectations for near-term interest rate hikes. Other major currencies advanced against the weakened dollar. The euro rose to 1.1440, gaining 0.5% on the week, while sterling climbed to 1.3352, up 1.1% for its best weekly performance in three

According to Peru's National Election Board, Fujimori Higuchi, the candidate of the right-wing People's Force party, was elected president on July 3 following the second round of voting held on June 7. She will serve until 2031 and is scheduled to be sworn in on July 28. Luis Galarreta will serve as first vice president, and Miguel Torres as second vice president.

Greenland's Prime Minister Jens Frederiksen said on July 3 that the autonomous territory will never be sold, despite more than a year of continued pressure from the United States. Frederiksen, speaking at a public event in France, described the U.S. pressure as "serious" and "unacceptable," stating that Greenland will not abandon its right to self-determination or its values.

Kremlin spokesperson Dmitry Peskov announced on Thursday that Russian forces have completely captured Konstantinovka, located in central Donetsk region in eastern Ukraine.

According to Russian media, Russian President Vladimir Putin visited a command post of the Joint Forces on Friday, July 4. Putin received a briefing from Chief of the General Staff Valery Gerasimov, who provided an assessment of the current situation in the special military operation zone.

US Senator Kirsten Gillibrand proposed a ban today that would restrict members of Congress, the US president, and their spouses from "issuing or sponsoring their own digital assets."

According to Sriram Krishnan, who stepped down as the Trump administration's AI advisor last month, the U.S. government will not establish a formal AI licensing framework similar to the FDA. Krishnan stated the administration remains opposed to burdensome regulatory bureaucracy and will not serve as an industry arbiter picking winners and losers.