Gate Crypto Flash News and Market Updates

According to F&Guide, as of July 7, 231 of 233 Kospi-listed companies with analyst price targets are trading below those targets, with 136 stocks showing discrepancies exceeding 50%. Biotech and secondary battery sectors have fallen out of favor; L&F, a cathode material manufacturer, posted the widest gap at 135.5%, while major pharma names like Yuhan-Kimberly (88.2% discount) and SK Biopharm (71.3%) significantly underperformed targets. Analysts attribute the divergence to capital concentration

According to ChainCatcher, Coinbase announced it has obtained a UK investment services license (MiFID), enabling institutional and professional traders to trade crypto, stocks, and commodity perpetual futures, while retail users can now access stock trading on the platform for the first time. The license will work alongside Coinbase's existing UK electronic money license and crypto asset registration, representing the company's largest product expansion in the UK market to date.

According to the European Central Bank, eurozone banks must develop plans to counter artificial intelligence-based attacks by October 31.

Bitget PoolX launched a staking pool for Arcium (ARX) on July 7, offering 1 million ARX tokens to participants who lock Bitcoin. The individual lock-up limit is set at 50 BTC per user. The staking channel opens from July 7 at 18:00 to July 14 at 18:00 (UTC+8).

According to Huobi HTX's official announcement, the exchange launched perpetual futures for TTWO/USDT, KSTR/USDT, and BSP/USDT on July 7, with a maximum leverage of 10x for each trading pair.

According to Odaily, Strive ASST CEO Matt Cole stated that the company will not be forced to sell any Bitcoin, even if BTC falls to $0.01 and remains there for 18 months. Cole emphasized there is no price level that would trigger forced liquidation of the company's holdings.

According to Onchain Lens, a whale transferred 1,133 BTC from Coinbase to Coinbase Prime via an intermediary wallet, valued at approximately $71.48 million.

According to Hong Kong Exchanges and Clearing (HKEX), average daily trading volume in the first half of 2026 reached RMB 283 billion, up 18% compared to RMB 240.2 billion in H1 2025. June recorded average daily trading of RMB 319.1 billion, up 9% from May and 39% year-over-year. IPO fundraising in H1 2026 surged to RMB 210.2 billion, nearly doubling the RMB 109.4 billion raised in H1 2025. The exchange saw 87 new listings in the period, compared to 44 in the prior year, with total capital raised

According to Nansen, on July 7, the blockchain data analytics platform integrated Hyperliquid Perpetuals trading directly into its platform for all web and mobile users. Users can now track Smart Money, whale addresses, and top traders on-chain while executing Hyperliquid perpetual trades within Nansen, with real-time access to funding rates, long/short ratios, and wallet-level position distributions. Nansen also launched a Hyperliquid Perpetuals Leaderboard allowing users to filter by Smart Mon

Singapore's foreign reserves declined to $426.2 billion in June from $430.14 billion in May, according to official data.

Tongrentang Medical and Wellness (stock code 2667) debuted on Hong Kong Exchange on July 7, closing at HK$3.35, down 39.09% from its HK$5.5 IPO price. The company raised approximately HK$532 million in net proceeds from the offering.

According to South China Morning Post, lock-ups for Hong Kong-listed AI developers Zhipu and MiniMax are set to expire, releasing approximately HK$90 billion (US$11.5 billion) of shares to the market. Zhipu will have 25.68 million shares freed from lock-up, while MiniMax will release 150 million shares. The expiration follows a sharp downturn, with both stocks falling approximately 50% in the two weeks preceding the lock-up expiry after their listings in January.

According to OCBC, the bank's economists on July 7 cut their 2026 inflation forecast for the Philippines to 6.0% from 7.5%, citing risks from El Niño-related supply disruptions and peso volatility. Persistent drought conditions could reduce agricultural output and raise food prices, particularly for rice and vegetables, pressuring overall inflation given food's large weight in the consumer price basket. Despite easing energy prices, El Niño remains a key risk factor for the inflation outlook.

According to Jin10, Sinopec Oil Services (01033.HK) subsidiary won the Heihe-Daqing-Changling natural gas pipeline section one contract on July 7, valued at 1.772 billion yuan. The 279-kilometer project is a key segment of the China-Russia Eastern Route gas pipeline extension and falls under China's 14th Five-Year Plan energy infrastructure priorities.

According to E Daily, on July 7, hedge funds' Japanese yen short bets surged to the highest level since 2007, when yen carry trades peaked. The net short position in yen—the amount of yen sold exceeding yen bought by speculators—has risen to levels last seen just before the Bank of Japan's major intervention in July 2024.

According to the filing, William Wood and Thomas Bush filed a lawsuit in New York Supreme Court on July 3 against Polymarket, CEO Shayne Coplan, and CMO Matthew Modabber, alleging breach of contract and deceptive practices in the resolution of a prediction market tied to whether Strategy would sell bitcoin by May 31. Strategy disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission that it had sold 32 BTC between May 26 and 31. Polymarket ultimately resolved the market as

According to Korean Economic Daily, Sanil Electric secured formal supplier status with U.S. fuel cell company Bloom Energy in April and won a 53-billion-won data center transformer order, with cumulative orders from Bloom Energy reaching approximately 750 billion won. The company is projected to achieve an operating profit margin of 37.2% this year—far exceeding the 10-20% average of South Korea's three leading power equipment makers—with annual orders expected to exceed 7 billion won. Sanil Ele

According to Korea Exchange (KRX), Wemade founder and chairman Park Kwan-ho sold his 39.33% stake (13.35 million shares) to Neopluse on June 30 at 68,910 won per share, valuing the transaction at 920 billion won. The price represented approximately 3 times the closing price before announcement, reflecting a substantial control premium. The stake sale has triggered significant stock volatility across Wemade's three listed entities. Wemade's stock rose to its daily limit of 25,100 won on July 1, t

According to Zhitong Finance, Basic Semiconductor (09971) traded at 34.72 HKD in the Hong Kong dark market opening today, up 9.8% from its IPO price of 31.62 HKD, according to Livermoore Securities data. Each lot of 200 shares would generate a profit of 620 HKD at the opening price, before transaction fees. The company is set to list on July 8.

According to Zhitong Finance, Baogai New Materials (08090) traded at HK$8.04 in gray-market trading today (July 7), up 29.26% from the IPO price of HK$6.22. Each hand of 500 shares generated a profit of HK$910 before transaction fees. The stock will be listed on Hong Kong Exchange on July 8.