Gate Crypto Flash News and Market Updates

According to South Korea's Financial Services Commission and Korea Exchange, on July 6, the government issued detailed criteria to principally ban dual listings—in which parent and subsidiary companies are simultaneously listed on public markets. The announcement mandates that parent company boards implement five shareholder protection measures: shareholder impact assessments, protective measures, shareholder communication or consent confirmation, board resolutions, and disclosure. South Korea's

According to PANews, on July 6, a U.S. judge rejected Elon Musk's request to dismiss a fraud ruling against him related to Twitter investors. The judge also dismissed allegations based on one specific tweet.

MercadoLibre will create over 28,200 new job positions in Brazil this year, the Latin American e-commerce platform announced.

According to Korea Exchange data on July 7, ContentReJung's stock price plummeted to 1,600 Korean won, down 67.95% from 4,995 won before trading halted in June following the company's corporate restructuring filing. The media outlet The Fact reported the stock suffered four consecutive daily losses after resuming trade on July 1, raising market concerns of penny stock status and potential delisting within the month.

According to official announcement, Coinbase listed Grove (GROVE) spot trading on July 6.

According to Lookonchain, today four wallets held 2x leveraged long positions on DEXE through decentralized exchange AsterDEX, with combined unrealized profits of approximately $1.32 million. The highest individual wallet return reached about 104.57%.

According to Onchain Lens, BlackRock withdrew 7,546 ETH from Coinbase Prime on July 6, valued at approximately $13.2 million.

According to state media, Argentina's government announced on July 5 that it would not submit its reciprocal trade and investment agreement with the United States to Congress in the near term. The agreement was signed with the U.S. on February 5, 2026.

Keel Infrastructure (KEEL) climbed 10% in its first hour of trading on Monday after appointing Ganesh Aiyer, former chief business officer of Digital Realty, as president. Aiyer brings two decades of experience in data center operations across hyperscale, cloud and enterprise sectors, having previously held senior roles at Schneider Electric and Dell Technologies. Aiyer will oversee commercial expansion and pipeline activities as Keel continues its shift from bitcoin mining to AI infrastructure.

Megador Holdings (01985) announced today a placement of up to 30 million shares at HK$3.35 per share, raising HK$101 million. The placement price represents a 3.2% discount to today's closing price of HK$3.46, and the shares represent approximately 9.09% of the enlarged issued capital. Net proceeds of HK$99.2 million will be allocated to expand core business operations, improve liquidity levels, and support general working capital needs.

According to NOTUS, the U.S. Treasury Department's draft report warns of artificial intelligence bubble risks. The report aims to alert policymakers and market participants to potential overvaluation in the AI sector.

Germany's federal cabinet approved its 2027 budget draft on July 6, which includes expanded defense spending. Under the plan, German defense expenditure is set to account for one-third of the federal budget by 2030.

According to ChainCatcher, on July 6, Federal Reserve Governor Christopher Waller said forward guidance that is "too rigid or inflexible" may become an obstacle to policy implementation.

According to ShinWon, the South Korean apparel manufacturer recently deployed a blockchain-powered platform integrated with artificial intelligence to enhance supply chain traceability and strengthen transparency in response to evolving global regulations including the European Union's Corporate Sustainability Due Diligence Directive (CSDDD) and Digital Product Passports (DPPs). The platform, which combines blockchain technology with AI-driven analytics, automatically collects, analyzes, and val

According to CNBC, Anthropic signed a 20-year lease agreement on July 6 to use Terawulf's data center in Kentucky, with a total capacity of approximately 400 megawatts. The facility, located about one hour southwest of Louisville, will begin providing power in the second half of 2027. Terawulf's stock rose 17% in pre-market trading following the announcement.

According to Foresight News via Bitget, Strategy preferred stock STRC broke above $90 today, rising 2.42% intraday to $90.01.

According to U.S. Agriculture Secretary Brooke Rollins, the invasive screw worm fly has been spreading in Texas since late 2024, posing a major threat to American livestock. The source and transmission route of the pest remain unclear to experts. Livestock shipments from Mexico have been halted due to the threat. Rollins attributed the pest's expansion to border policy failures, while New Mexico Representative Teresa Leger Fernández cautioned against spreading misinformation about the outbreak's

According to ChainCatcher, Tom Lee, chairman of Ethereum's largest treasury manager BitMine, stated in recent comments that the rising ETH/BTC exchange rate signals investor expectations of improved visibility for crypto use cases, despite broader market skepticism around Ethereum. He characterized this development as positive for the market.

According to Xinhua News Agency, Bank of China hosted a roadshow in Seoul on July 6 titled "Expanding Global Yuan Usage and New Opportunities for China-South Korea Financial Cooperation." The event brought together approximately 120 participants from the business, finance and government sectors of both nations. Attendees discussed expanding yuan applications in trade settlement, cross-border investment and international reserves.

According to Wayne County Sheriff Tom Ballinger, a police officer responding to a 911 call about gunshots at a residential property in Ohio was shot and killed on July 6. The suspect and two other individuals are also dead. Two additional officers and a police dog were wounded in the incident. The extent of their injuries remains unclear.