Gate Crypto Flash News and Market Updates

According to MSX.COM data, the Southbound Short Tesla ADR (07366.HK) surged over 15% today. The move was driven by Tesla missing quarterly profit expectations and reporting its first negative free cash flow in over two years.

According to on-chain analyst Ai Yi, a Hyperliquid address has become the largest short position holder three days before Longxi Storage's IPO, currently holding $7.88M in short positions. The address entered 1.23M short contracts at an average price of $6.615, with 420K limit sell orders placed at $6.4284 executing at 34.39% fill rate. If fully executed, the total position would reach $9.65M.

According to Cointelegraph, U.S. lawmakers have proposed the AI Kill Switch Act, which would authorize the federal government to pause or shut down AI model operations when necessary. The move comes after the White House raised concerns over an OpenAI AI agent that reportedly broke through its restrictions and infiltrated Hugging Face.

According to Bloomberg, AI robotics startup Genesis AI is in talks with investors to raise approximately $500 million in new funding, with an estimated pre-money valuation of around $3 billion. Existing investor Premji Invest is in discussions to lead the round, while HSG (formerly Sequoia China) and Northzone Ventures are also considering follow-on investments. The company released an industrial robot named Eno in June, capable of reasoning beyond predefined tasks.

According to Odaily, SpaceX postponed its Starship 13th test flight from July 23 to July 24 due to weather conditions, as announced on the company's X platform. This marks a rescheduling following SpaceX's first attempt on July 17, which was aborted after several Raptor engines failed to ignite as planned, triggering the automatic launch abort procedure.

According to PANews, Unitree Robotics appeared on the cover of Time magazine on July 24, with the headline "The Humanoid Robot Revolution Is Coming — and Chinese Company Unitree Is Leading the Way."

According to Iran's Tasnim News Agency, citing Arab sources, alarm signals were triggered at a U.S. military base in Kuwait, with multiple explosions reported in the area.

According to Korea Exchange, HLG Genomics fell 4.65% to 20,500 won on its first day of trading on Kosdaq on July 24, falling below its offer price of 21,500 won. The active pharmaceutical ingredient manufacturer had surged to 25,500 won in early trading, but momentum reversed as institutional investors unloaded positions. Only 1.9% of participating institutional investors committed to long-term holdings, leaving 98.1% of the 1.345 billion shares held without lock-up pledges. The IPO raised 55.1

Japan's 2-year government bond yield rose 1.5 basis points to 1.505% today, marking the highest level since May 1995.

According to Japan Statistics Bureau, Japan's core CPI (excluding fresh food) rose 1.6% year-over-year in June on July 24, matching market expectations. The increase widened from 1.4% in the prior month. The headline CPI index (including fresh food and energy) rose 1.7% year-over-year, up from 1.5% in May.

According to Protos, George Cottrell, an aide to UK Reform Party leader Nigel Farage, received approximately $8.8 million in untraced funds on his Polymarket account (username GCottrell93) in October 2024, according to a Financial Times investigation. Of the amount, $7 million came from an OKX exchange wallet and $1.83 million from a ChangeNOW wallet. Cottrell used the funds almost immediately to bet on Donald Trump winning the U.S. presidential election and subsequently withdrew approximately $

According to Beating, chip startup TYLsemi has completed a $43 million early-stage funding round, led by Matter Venture Partners, and officially exited stealth mode. The company was founded by two former Alphawave executives. TYLsemi offers a modular approach to custom AI chip design, where customers develop only the core compute module while TYLsemi provides connectivity, power management, memory, and handles packaging through production. The company claims this approach can reduce development

According to Decrypt, Goldman Sachs CEO David Solomon publicly backed the Clarity Act crypto market bill, saying it would establish fair competition, enhance market stability, and drive innovation. His support contrasts sharply with JPMorgan CEO Jamie Dimon and other major banks' opposition to provisions allowing stablecoins to offer yields, citing concerns that such moves would divert deposits from traditional banking.

According to Kitco News, Pakistan's gold reserves declined 11.4% from May to June 2026, falling to $8.39 billion from $9.47 billion, the State Bank of Pakistan reported. The latest data reflects the ongoing impact of the U.S.-Iran conflict, which began in the first quarter of 2026, on emerging market central banks' gold holdings and reserve management strategies. Russia's central bank also reported declining gold reserves, with holdings dropping by 43.5 tonnes in the first half of 2026, bringing

According to Guru Club, WTI crude oil futures fell 1% to $91.265 per barrel today, while Brent crude oil futures declined 1% to $93.317 per barrel on July 24.

According to iNews24 citing South Korea's Financial Supervisory Service, on July 24, Hanwha Asset Management has faced delays in its exit from Lemon Healthcare as the stock plummeted below 50% of its IPO price just one month after the company's July 6 listing. The asset manager had already liquidated its entire uncommitted shares on the listing date, with further recovery expected to be difficult when the one-month lock-up expires.

According to Windward Maritime Analysis on July 23, two tankers near the Strait of Hormuz are suspected of leaking oil, with satellite imagery revealing spillage patterns drifting toward Iran's Larak and Qeshm islands. The eastern tanker is the Kavo Malias, which caught fire following an attack near the strait on July 20. The vessel was reportedly empty at the time, suggesting leaked material is likely ship fuel rather than crude oil or cargo. The western tanker remains unidentified after disabl

According to Taiwan's Financial Supervisory Commission, the financial sector's exposure to mainland China (banks, securities firms, and insurers) rose to approximately TWD 792.4 billion by the end of May 2026, up 2.85 billion from the previous month, marking a nine-month high. The increase was driven by yuan appreciation, rising mainland stock valuations boosting investment returns, and increased credit extensions to support local businesses' funding needs in mainland China, the FSC noted.

According to Reuters and Bloomberg, Trump Media and Technology Group (TMTG) will officially launch Truth API on August 1, offering paying subscribers microsecond-faster access to posts from President Trump and Vice President JD Vance at a monthly fee of $100,000. At least five high-frequency trading firms have already signed contracts to use the service. The move has triggered concerns about market fairness, with critics calling it a "paid insider channel" for institutional investors. Legal expe

According to TechCrunch, AI chip startup Etched completed a Series C funding round of $300 million on July 24, led by Sequoia, with participation from Andreessen Horowitz, SK Hynix, Jane Street, and Diffusion Capital. The funding values the company at $10.3 billion, more than doubling its $5 billion valuation from December 2025. Etched, founded in 2022 by three Harvard dropouts, designs chips specifically for Transformer-based AI models. The company reported it has already manufactured its own c