Gate Crypto Flash News and Market Updates

According to Axios, the United States has demanded that Iran publicly renounce attacks on the Hormuz Strait by Saturday. The ultimatum specifies a deadline before the weekend for Iran to make an official statement committing to cease operations in the strategic waterway.

Kraken redesigned its app with an AI investing assistant on July 10, introducing features to recommend trades and tailor investing tools around users' financial goals. The update signals the exchange's expansion into broader financial services beyond traditional crypto trading.

According to Kitco, spot gold and silver prices declined on Friday morning as traders balanced weak June employment data against the Federal Reserve's recent minutes, steady Treasury yields, and renewed uncertainty in the Strait of Hormuz. Spot gold was trading near $4,104.30, down 0.44%, while spot silver traded near $59.49, down 0.57% on the session. U.S. payrolls rose only 57,000 in June, about half expectations, with the unemployment rate holding at 4.2%. Although the weaker labor market ini

According to Financial News, Samsung Electro-Mechanics surged 756% in the first half of 2026, reaching a record high of 2.205 million Korean won on July 1, driven by soaring demand for AI server components including multilayer ceramic capacitors (MLCC) and FC-BGA substrates. The stock then tumbled nearly 33% to 1.479 million won within five trading days as profit-taking and market volatility mounted, though it rebounded 6.1% to 1.584 million won on July 11. Multiple brokerages have raised price

According to the Financial Investment Association of Korea, individual investors increased margin trading on July 8 amid recent stock market volatility, viewing dips as buying opportunities. Retail investors concentrated purchases on leading stocks, particularly Samsung Electronics and SK Hynix, despite rising negative outlooks on these equities.

According to the Korean Exchange, Hanwha Ocean plunged 23.95% during the week ending July 10, the steepest decline among KOSPI-listed companies, after Canada selected Germany's Thyssenkrupp Marine Systems as the preferred bidder for its next-generation submarine project (CPSP), a 60 trillion won contract covering the construction and 30-year maintenance of 12 submarines. In contrast, Kumho Tire surged 64.56% on expectations that Honam region semiconductor mega-cluster development could drive up

According to Korea Exchange, South Korea's KOSPI market experienced 34 sidecar halts from January 2 to July 10, 2026—surpassing the 26 halts recorded during the entire 2008 global financial crisis. The market also triggered six circuit breakers during the same period, accounting for half of the 12 circuit breakers activated since the mechanism's introduction in 2000. Forced liquidation of individual investor stock positions reached 142.2 billion won on July 9, the highest level in a month, accor

According to Watcher Guru, a cryptocurrency and whale tracking platform, analysts said on July 10 that XRP is unlikely to repeat its 2024 performance due to changing market conditions. XRP surged approximately 400% between July and December 2024, climbing from around $0.50 to nearly $2.40. However, the analysts noted that current global economic uncertainties, geopolitical tensions, and capital concentration in artificial intelligence are limiting optimism in the crypto market compared to condit

Offshore Chinese yuan (CNH) rose to 6.7820 against the U.S. dollar on Friday (July 10) at the New York close, gaining 140 basis points from Thursday's close. The currency traded between 6.7961 and 6.7764 during the session, marking the second consecutive day of recovery. The offshore yuan posted a 0.05% weekly gain through Friday's rebound after a V-shaped reversal pattern earlier in the week.

According to U.S. senior officials, Iran has attributed a recent maritime vessel incident to a malfunction in its internal systems. The statement addresses recent attacks on shipping in the region, with Iran claiming the incidents resulted from a technical error rather than deliberate action.

According to CME COMEX, gold futures for August delivery fell 0.71% to $4,111.20 per troy ounce on July 10 (U.S. Eastern Time) following U.S. President Donald Trump's declaration that a ceasefire with Iran has ended. Trump stated on Truth Social that while Iran had requested negotiations, the U.S. made clear "without any misunderstanding" that the ceasefire is over. The announcement triggered a rise in U.S. Treasury yields, which pressured gold prices lower. Gold, which pays no interest, loses r

As of Friday, July 10, spot gold fell 0.23% to $4,114.36 per ounce, declining 1.51% for the week, while spot silver dropped 0.21% to $59.83 per ounce and fell 4.13% weekly. COMEX copper futures rose 1.90% to $6.2865 per pound for the week.

According to Money Today, Peptron stock plummeted 29.94% to 111,600 KRW on July 10, hitting a 52-week low after hitting a peak of 392,500 KRW in November 2025. The selloff was triggered by CEO Choi Ho-il's comments on July 9 at a biotech forum stating that the joint research with U.S. pharma firm Eli Lilly does not include tirzepatide—the core ingredient in Lilly's diabetes and obesity treatments—sparking market concerns that development of the key project had been suspended. The company later c

According to the Federal Reserve Bank of New York, the SOFR (Secured Overnight Financing Rate), a key benchmark for U.S. money markets, fell to 3.53% as of July 9, down 5 basis points from the previous day and marking its lowest level since May 21. SOFR has declined every trading day this month, dropping 15 basis points from late June. The U.S. Treasury's cash balance fell significantly to $749.2 billion as of July 8, down approximately $170 billion from late June, releasing liquidity into money

According to CNBC, on Friday (July 9), Apple filed a lawsuit against OpenAI in federal court in Northern California, alleging the AI company systematically stole Apple trade secrets and confidential information related to iPhone hardware and technology. Apple claimed the theft occurred "at every level," involving OpenAI's Chief Hardware Officer Tang Tan, a former Apple vice president, and other current and former Apple employees who joined OpenAI. Apple alleged that Tang Tan directed job candida

According to Senate Democrats' statement Friday, five senators called for congressional hearings into President Trump's crypto holdings after financial disclosures revealed over $1.2 billion in crypto-related income. The lawmakers—Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden—cited potential conflicts of interest, foreign influence, and Trump's role in shaping crypto policy while profiting from the industry. Trump's disclosures showed he earned over $635 million f

According to trackers, Cleanspark purchased 454 BTC on July 7 at an average price of $64,000, bringing its total treasury to 13,924 BTC worth roughly $880 million. The Las Vegas-based miner's purchase represents a contrarian position as public miners collectively sold over 32,000 BTC in Q1 2026, with Marathon alone selling more than 20,800 BTC to retire debt.

According to Korea Exchange, on July 10, major semiconductor investments by Samsung Electronics and SK Hynix in South Korea's Yongin semiconductor cluster, combined with a planned 800 trillion won investment in the southwestern region, are expected to drive massive electricity demand. The mega projects, totaling 1.5 quadrillion won across semiconductor, artificial intelligence data centers, and physical AI sectors, have triggered a rally in nuclear power company stocks as energy demand surges.

According to Jin10, Iran's Foreign Ministry spokesman Baghaei stated on July 10 that Iran has never made a proposal for negotiations with the United States, but has agreed to allow a mediator to visit Iran. Earlier that day, U.S. President Trump claimed on his social media platform that Iran wishes to continue "negotiations" with the U.S., and that America has agreed to ongoing talks.

Iran's Foreign Ministry spokesman Baghaei stated today that Iran will not allow inspections of facilities damaged by U.S. and Israeli strikes. Baghaei also said UN Security Council Resolution 2231 has lost its legal effect.