Gate Crypto Flash News and Market Updates

According to Japan News Network, Japan's defense minister plans to visit Germany in late July.

According to Korean Stock Exchange data, K-pop-related ETFs fell 30-41% in the first half of 2026 (January 2-July 6), making them the worst-performing equity ETF theme. ACE KPOP FOCUS dropped 32.51%, TIGER Media Content fell 41.65%, and HANARO Fn K-POP & Media declined 34.74%, as all three held 45-95% allocation to major entertainment companies HYBE, SM Entertainment, JYP Entertainment, and YG Entertainment. HYBE stock fell 32.94%, SM declined 38.14%, JYP fell 29.81%, and YG dropped 37.21%, outp

Rhino.fi launched its inaugural USDT credit facility via the Wildcat protocol on the Plasma network on July 07, offering lenders a projected 10 percent yield. The market debuts with $2 million initial capacity aimed at resolving liquidity constraints in corporate stablecoin settlements and facilitating high-value cross-chain transactions. Rhino.fi has processed over $15 billion in volume for more than 100 corporate clients across 30 networks, with monthly clearing volumes exceeding $700 million.

According to Korea Exchange, KOSPI listed stocks' average daily turnover declined to 0.80% through July 7, marking the year's lowest level. This represents the weakest reading since December 2025, when turnover stood at 0.63%, reflecting reduced trading activity as the benchmark index extended its monthly decline.

According to YGG's official announcement on Monday (July 7), Yield Guild Games shut down its Web3 publishing arm YGG Play and laid off 35 employees. Despite lifetime revenue exceeding $9 million, YGG Play was unable to sustain commercially in the current gaming market amid the October 2025 crypto downturn. YGG is pivoting to become a gaming dataset provider for AI training. The company stated it does not expect the Web3 games publishing market to recover in the near term. With $20.6 million in t

According to Securities Times, Xinyu Mulinsen Electronics, a wholly-owned subsidiary of Mulinsen (002745), announced on July 7, 2026 that it is raising prices on its entire PCB product line by 10%-15%. This marks the company's third price adjustment in recent weeks—following increases of 20% on June 12 and 10% on June 17. The company cited sustained significant increases in upstream glass fiber substrate costs and tight supply as reasons for the adjustment. The company anticipates further board

According to Jin10, Rivian stock fell 8.9% in pre-market trading on July 7 as the company plans to raise capital through a secondary stock offering.

According to Tesla VP of automotive engineering Lars Moravy, the company recently unveiled a five-year strategic roadmap where full self-driving (FSD), Robotaxi, Cybercab, and humanoid robot Optimus will deeply integrate into daily life across transportation, production, and household sectors. Moravy emphasized that FSD's neural network and Optimus share a unified AI architecture, operating through the same world model, visual perception system, and data training framework. Tesla's millions of v

According to BlockBeats, SpaceX was officially added to the Nasdaq-100 index before the opening of U.S. markets on July 7, becoming a constituent stock just 15 trading days after its IPO. Multiple Wall Street institutions have turned bullish on the company. Goldman Sachs issued a buy rating with a $205 target price, Morgan Stanley set a $300 target, and UBS assigned a buy rating at $210, citing Starlink satellite networks and AI infrastructure potential as key growth drivers.

According to NATO Secretary General Mark Rutte, member states will invest over $40 billion in counter-drone capabilities over the next 5 years, aimed at strengthening the alliance's defense against emerging aerial threats.

Ukrainian military struck a Russian microelectronics factory in Bryansk on July 6, according to an official statement from Ukraine's defense forces.

According to Coinglass data, Coinbase's bitcoin premium index has recorded 50 consecutive days of negative premium from May 19 to July 7, with the latest reading at -0.0742%. This surpasses the previous record of 40 consecutive days set from January 16 to February 24, 2026, and extends beyond the roughly 30-day streak observed during the 2011 market decline.

According to Rappler, JE Holdings Inc., the holding company of the Gokongwei family, secured enough shareholder support by July 6 to meet the 95% ownership threshold required for Robinsons Retail Holdings Incorporated (RRHI) to voluntarily delist from the Philippine Stock Exchange. Shareholders tendered 229.58 million shares at P48.30 apiece during the May 25 to July 6 tender offer period. After settlement on July 15, JE Holdings and co-proponents will collectively own 99.69% of RRHI. The Gokong

According to Zhitong Caijing, on July 7, Ping An Good Doctor and Pfizer China established a strategic partnership to build dual-loop ecosystem linking medical services, innovative drugs, insurance coverage, and patient management. The collaboration will develop single-disease insurance products, integrate Pfizer's innovative drugs onto Ping An's platform, and establish full-cycle disease management covering screening, patient education, standardized treatment, and long-term follow-up. Both parti

NATO Secretary General Rutte announced that multiple member states have pledged to jointly procure, store, transport, and manage reserves of critical defense materials.

According to OKX official announcement on July 7, the exchange launched a DATA trading campaign with a total reward pool of 1 million DATA tokens. The activity runs from July 2 to July 16, 2026 (UTC+8). Users can earn rewards by completing designated spot trading tasks according to campaign rules.

According to OpenRouter data, Chinese AI models' token usage share among U.S. enterprises reached a peak of 46% since early February, compared to an average of 11% over the prior 12 months and just 4.5% in the first half of 2025. The surge reflects enterprise cost sensitivity as OpenAI and Anthropic raise flagship model prices. OpenRouter analysis shows Chinese open-source models cost 60% to 90% less than leading Western alternatives. AI startup Lindy switched its full traffic from Anthropic's C

According to Jin10 Futures, as of 4 p.m. on July 7, the CNEX market-wide liquidity sentiment index reported 47, unchanged from 2:30 p.m., with large banks, mid-sized banks, and non-bank institutions recording 46, 48, and 46 respectively. The index, which ranges from 0 to 100 with 50 indicating equilibrium, reflects tightening liquidity when readings exceed 50.

According to the State Administration of Foreign Exchange (SAFE), China's foreign exchange reserves declined to $3,416.262 billion in June, below the expected $3,432 billion and down from $3,442.4 billion in May.

According to Jin10 data, China's central bank gold reserves rose to 75.44 million ounces (approximately 2,346.4 metric tons) as of end of June, up 4.8 million ounces month-on-month from May's 74.96 million ounces. The increase marks the 20th consecutive month of gold accumulation.