Gate Crypto Flash News and Market Updates

According to CCTV News, North Korean Premier Pak Tae-sung laid wreaths at the Monument to People's Heroes in Tiananmen Square on the afternoon of July 10. Pak, who is also a standing member of the Labor Party Central Political Bureau and vice-chairman of the State Council, made the tribute visit.

According to KB Securities analyst on July 10, South Korea's central bank is expected to unanimously raise the benchmark rate by 25 basis points at its July monetary policy committee meeting. June consumer inflation rose 3.16% year-over-year, but month-over-month gains slowed to 0.06% due to declining travel-related goods prices and reduced fuel surcharges. Concerns over price pressures and currency volatility have eased, with the dollar-won exchange rate retreating to the 1,500 won level and Br

According to China's Foreign Ministry spokesperson Mao Ning, Solomon Islands Foreign and Trade Minister Honipwela will visit China in an official capacity starting today (July 10). The visit marks the minister's first formal trip to China since taking office. China and Solomon Islands established diplomatic relations in 2019 and maintain a comprehensive strategic partnership; Beijing aims to deepen political trust and mutually beneficial cooperation through this visit.

According to a seminar held at South Korea's National Assembly on July 10, Carnegie Endowment researcher Mylo McBride warned that South Korea is at risk of losing its position as the world's second-largest battery producer. In non-China markets, China's share surged to 50% in 2025 from 41% in 2024, while South Korea's fell to 37% from 44%, reversing the previous year's dominance. McBride attributed this to China's overwhelming production capacity and technological lead, particularly in sodium-io

According to Yonhap Infomax, on July 10, the USD/JPY exchange rate fell through the 162 yen level, trading at 161.492 yen in Tokyo afternoon sessions, down 0.53% from the previous close. Japan's finance ministry and economic officials signaled support for increased domestic asset investments and reaffirmed central bank independence, supporting yen strength. Finance Minister Katayama announced the government would encourage pension funds, including the Government Pension Investment Fund (GPIF), t

According to Aave Labs, on July 10, the company launched Stable Vaults, smart contract vaults that convert variable lending rates into fixed-rate stablecoin yields for enterprise integration. The solution, now live in Aave's mobile app, is available for third-party developers and businesses to embed fixed-rate savings features into their products. Stable Vaults automate portfolio rebalancing, cross-chain operations, and yield management. Businesses can select stablecoins to support, choose prefe

According to South Korea's Financial Supervisory Service (FSC), the U.S. Clarity Act faces high uncertainty before passage, as outlined in a July 8 report. Key obstacles include opposition from JPMorgan CEO Jamie Dimon over insufficient stablecoin protections and partisan voting in the Agriculture Committee. The FSC noted the bill must pass the Senate by late June to advance by August recess, otherwise legislative prospects dim significantly.

According to China's Foreign Ministry spokesperson Mao Ning, China does not accept or recognize the so-called South China Sea arbitration ruling, which Beijing says is illegal, invalid, and has no binding force. China will not accept any claims or actions based on the ruling. Mao added that China remains committed to accelerating negotiations with ASEAN nations on a Code of Conduct for the South China Sea, aimed at maintaining peace and stability in the region.

According to China's Foreign Ministry spokesperson Mao Ning on July 10, China firmly opposes rendering tensions and creating confrontation in the Arctic. Mao stated that Chinese activities in the Arctic aim to promote peace, stability, and sustainable development, in compliance with international law, and that all nations' rights to conduct lawful activities in the Arctic must be fully respected.

According to Binance, on July 10 at 6:30 PM UTC+8, Binance Futures will end the latest Liquidity Provider Protection (LPP) cycle for GUAUSDT U-margined perpetual contracts and transition to standard mark price calculation mode. The transition period may last up to 3 hours depending on price volatility and index price stability. Trading functions will remain unaffected during the transition, and unfilled orders and positions will not be canceled.

According to Edaily, SK Hynix target price estimates from Korean brokerages diverge sharply on July 10, ranging from 185 million won (BNK Investment & Securities) to 430 million won (Hana Investment & Securities), reflecting a 245 million won gap. The disagreement centers on AI infrastructure investment sustainability and memory chip supply dynamics. Conservative analysts at BNK warn AI investment momentum is slowing, with major cloud service providers moderating capital expenditure growth from

According to Foreign Ministry spokesperson Mao Ning at today's regular briefing, claims that China is 'squeezing' development space for Global South nations' industrialization do not reflect facts. Mao stated that countries in the Global South would not agree with such characterizations of China's manufacturing impact.

According to Foreign Ministry spokesman Mao Ning on July 10, North Korean Premier Pak Tae-sung visited China yesterday, with Beijing and Pyongyang agreeing to jointly hold commemorative activities marking the 65th anniversary of the China-North Korea Friendship and Mutual Assistance Treaty this year. Details of the planned events will be announced later.

According to reports from major South Korean brokerages, Samsung Electronics received sharply divergent target price adjustments despite similar third-quarter operating profit forecasts. KB Securities raised its target to 600,000 won, the highest in the industry, while Kiwoom Securities lowered its target to 390,000 won—a 210,000 won gap. Both firms forecast Q3 operating profit near 110–112 trillion won, yet diverge on long-term memory demand. KB Securities expects memory supply shortages to per

Luminance Real Estate (HKEX: 0488) has successfully completed its dollar bond exchange offer and consent solicitation with over 96% support from bondholders, the company announced. Under the exchange terms, the group repaid 30% of the participating bonds' principal in cash, approximately $143 million, with the remaining principal exchanged into new notes with a three-year maturity ending July 28, 2029. Following the transaction and the recent sale of a Central property, the group's total debt ha

According to BlockBeats, citing HTX data, Zcash (ZEC) broke through $500 on July 10, with a 24-hour gain of 7.5%.

According to Deutsche Bank's latest report, foreign capital inflows into U.S. stocks now exceed purchases of U.S. treasuries, signaling a shift that erodes the dollar's traditional safe-haven status. Deutsche Bank strategist Mallika Sachdeva noted that while U.S. technology leadership continues attracting global investment to equities, weakening demand for American government debt—driven partly by shifts in U.S. foreign policy—is changing the dynamics that have long supported the dollar. Stock f

According to JPMorgan analysts led by Nikolaos Panigirtzoglou, a July report identified private blockchains as Bitcoin's biggest long-term structural risk. The bank warned that traditional financial institutions increasingly adopting permissioned blockchain networks for tokenization and settlement could undermine Bitcoin's value proposition by allowing banks to capture blockchain technology benefits without supporting public-chain assets. JPMorgan cited its own Kinexys platform as an example, no

On July 9, Hyperliquid Policy Center and Phantom filed a joint comment letter with the Commodity Futures Trading Commission urging the agency to clarify that publishing onchain protocol software should not automatically trigger registration as a derivatives exchange, clearinghouse, broker, or swap dealer. The filing argues that current CFTC rules conflate neutral software development with regulated financial activity. The organizations said the regulator should distinguish between writing code a

According to Farside Investors, Bitcoin and Ether spot ETFs recorded combined net outflows of $147.5 million on July 9. Bitcoin ETFs posted $95.3 million in net outflows, while Ether ETFs lost $52.2 million. Solana ETFs remained the only positive category with $0.4 million in inflows. Bitcoin's outflows were led by Fidelity's FBTC with $63.3 million, followed by Ark and 21Shares' ARKB losing $39.9 million, while BlackRock's IBIT was flat after driving inflows earlier in the week. Ether ETFs reve