Gate Crypto Flash News and Market Updates

Russia claimed today that unmanned drones attacked the Saint Petersburg oil terminal. The incident marks continued military activity targeting infrastructure in the region.

According to Barron's, SpaceX stock rose 2.8% to $162 on July 2, defying two newly published Wall Street research reports that took a cautious stance on the company's valuation. Daiwa Securities analyst Jonathan Kees initiated coverage with a hold rating and $175 price target, valuing SpaceX at approximately $2.4 trillion. Kailash Concepts issued a more bearish report, describing SpaceX's 100x revenue valuation as catastrophic. Both firms highlighted that SpaceX's trillion-dollar valuation hinge

According to official data, South Korea attracted 1.95 million foreign tourists in May, up 19% year-on-year, with cumulative arrivals reaching 8.72 million through May, up 21%. Japanese and Chinese visitors led growth, increasing 21% and 25% respectively. Korean casino operators benefited from the tourism surge. Lotte Tour Development's June casino drop reached 266.2 billion won, up 10% year-on-year, with revenue at 48.7 billion won, up 36%. Q2 results were stronger, with drop at 760.6 billion w

According to Odaily, Jupiter Litterbox Trust, the official on-chain treasury fund of Jupiter protocol, purchased 1.864 million JUP tokens yesterday (July 3) valued at approximately $450,000. This month, the fund has cumulatively purchased 12.26 million JUP tokens worth around $300,000. As of now, the fund's total holdings amount to 145.03 million JUP tokens valued at approximately $34.8 million. The protocol automatically allocates 50% of Jupiter's revenue to the treasury fund, which continuousl

According to Bitwise CIO Matt Hougan, Strategy (MSTR) has likely ended its role as the primary sustained buyer of Bitcoin. The company, currently holding approximately $49.6 billion in BTC and $2.6 billion in cash, recently introduced a digital credit capital framework allowing flexible Bitcoin sales to fund dividends without maintaining STRC's $100 par value. Under this new model, Strategy will operate as a flexible buyer or seller based on market conditions, rather than a consistent one-way de

According to Iran's Deputy Foreign Minister Karib Abadi, on July 4, the Strait of Hormuz is not a stage for foreign powers to display military force. Abadi issued a warning against any military actions taken in the sensitive waterway, expressing Iran's firm stance on protecting the strategic passage.

According to Shinhan Investment Corp., single-stock leverage exchange-traded funds (ETFs) have been identified as a primary driver of increased volatility in South Korea's stock market in 2026. The research firm reported that when annualized, KOSPI volatility reached 57%, while SK Hynix and Samsung Electronics showed volatility of 90% and 78% respectively. Single-stock leverage ETFs, however, registered volatility levels of 180% and 156%, roughly double that of individual stocks.

According to Mehr News Agency, Iran warned the United Kingdom and France against interfering in Strait of Hormuz affairs. The warning was delivered as tensions over maritime security in the strategic waterway remain a focus of regional geopolitical attention.

According to The New Straits Times, Malaysian police yesterday (July 3) raided and dismantled an illegal cryptocurrency mining operation in a warehouse within Pulau Indah, Port Klang free trade zone. Two foreign nationals, aged 20 and 31, were arrested and mining equipment was seized. Under Malaysian law, the operation violates the Penal Code and Electricity Supply Act. The suspects face up to 10 years imprisonment and fines of 100,000 Malaysian ringgit (approximately $24,500).

According to state media, on July 3, record-breaking heat waves across central and eastern United States forced the temporary closure of the American State Fair held at the National Mall in Washington. The U.S. largest grid operator PJM Interconnection announced the same day that extreme temperatures have driven surge in air conditioning demand, compounded by power plant outages and severe transmission line overloads. The company activated a federal-level alert and initiated emergency load-shedd

According to Onchain Lens, a newly created wallet (0x243) opened a 20x leveraged long position of 14.19 million XRP (worth approximately $16.3 million) on HyperLiquid on July 4. The position has already generated unrealized gains of approximately $477,000.

According to Financial News, on July 3, Samsung Electronics and SK Hynix shares surged 8.22% and 10.88% respectively, rebounding sharply from the previous week's selloff. Samsung Electronics closed at 309,500 won, while SK Hynix climbed to 2.425 million won. The rally was driven by strong second-quarter earnings expectations. Brokerage houses forecast Samsung Electronics' Q2 operating profit at 8.6 trillion won and SK Hynix at 6.9 trillion won. Samsung Electronics is scheduled to report its Q2 r

According to Binance's official announcement on July 3, Binance Pay launched QR code cryptocurrency payment support in Vietnam, enabling travelers to make crypto payments at participating merchants. Users can scan QR codes displayed by local merchants and complete transactions using supported cryptocurrencies for everyday purchases including food, beverages, and retail items, reducing reliance on cash and traditional payment cards.

According to Foresight News, Bybit has launched six 2026 World Cup Round of 16 goal-difference futures contracts on July 4, with pre-match trading now open. The contracts cover six matches scheduled for July 5–7, including Canada vs. Morocco, Paraguay vs. France, Brazil vs. Norway, Mexico vs. England, Portugal vs. Spain, and United States vs. Belgium. The contracts use 10 USDT as the benchmark price; traders taking the over position favor the home team, while those taking the under position favo

According to Asia Economy, Samsung Electronics and SK Hynix fell 14.4% and 17.5% respectively in the first two days of July, with Micron also declining 15.5% in the same period. The sharp selloff reversed gains driven by expectations of a memory semiconductor super-cycle amid artificial intelligence investment expansion. The decline followed Micron's June 24 earnings report, which beat market expectations with record-high gross margins of 85% and operating margins of 81%. However, investors grew

According to Central Television (CCTV), on July 3, Israel's prosecution submitted an indictment accusing a U.S. citizen residing in Jerusalem of conducting espionage activities for Iran. The U.S. stated that the man is likely the first American citizen charged in such a case by Israeli prosecutors.

According to Moscow Mayor Sergey Sobyanin, Russia's air defense system intercepted 23 Ukrainian drones heading toward Moscow overnight between July 3 and July 4, as reported by CCTV. Ukraine has not yet responded to the claims.

According to financial disclosure filings released Thursday (July 2), Trump's investment accounts conducted over 21,000 securities trades in 2025, with a total value between $600 million and $1.86 billion. The trading activity concentrated on key dates following major policy announcements, particularly tariff-related measures. On average, the accounts executed 85 trades per day, with one-quarter of all trades occurring on just 10 trading days. On August 18, the accounts moved over $75 million in

Japan's Economy Minister Akasawa Ryosei announced plans to provide support for overseas chipmakers investing in the country, according to official statements. The initiative aims to attract foreign semiconductor manufacturers to establish or expand operations in Japan.

Bank of Russia Governor Elvira Nabiullina declared the central bank digital currency technologically ready ahead of its nationwide rollout on September 1, 2026. Under a July 2025 State Duma mandate, all 12 systemically important banks and large retailers must accept digital ruble payments from that date, with banks receiving a commission of 0.67 rubles per payroll transaction. Public reception remains weak, however. A VTsIOM survey showed most Russians do not understand why they need a third for