Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
04:13

KOSPI Falls to 7,475.94, Down 7.8% Since July 3, as Foreign Investors Sell Over 4 Trillion Won

According to the Korea Exchange, KOSPI fell to 7,475.94 on July 11, marking a 7.8% decline from 8,088.34 on July 3. The index dipped to 7,246.79 on July 8. Despite market volatility, domestic retail investors provided support with net purchases of 5.5994 trillion won over the week. Foreign investors, however, sold 4.0705 trillion won net, continuing their retreat from the Korean market. Retail investors focused heavily on semiconductor stocks, with SK Hynix and Samsung Electronics receiving 3.71
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04:01

Empery Digital Sells 1,400 BTC for $87.1M to Fund AI Data Center, July 10 Filing Shows

According to The Block, Nasdaq-listed Empery Digital disclosed in an 8-K filing on July 10 that it has sold 1,400 bitcoins since May 7 at an average price of $62,200, raising approximately $87.1 million. The proceeds will be used to repay $10 million in debt and fund a $65 million AI data center project in partnership with Hunt Properties, which will give Empery a 25% stake in the industrial facility conversion.
04:01

Wedbush Backs NVIDIA's Vera CPU, Says 88-Core Chip Outperforms x86 Server Processors

According to Wedbush, the investment bank on Thursday released a research report backing NVIDIA's self-developed Vera data center CPU, saying the 88-core Olympus processor with 176 threads outperforms Intel and AMD's traditional x86 server chips in performance and energy efficiency. The chip, unveiled at GTC 2026, features significantly higher memory bandwidth than conventional x86 CPUs and can work in deep coordination with NVIDIA's Blackwell GPU series for AI agent inference applications.
04:00

Whale Unstakes 440.822 BTC Worth $28.27M from Core Network

Gate News message, a whale unstaked 440.822 BTC (approximately $28.27M) from Core (@CoredaoOrg) and transferred the assets to a new wallet within one hour. The involved addresses are bc1qq6fpt07h0p5vuh6jd7wfgvnmca9n88ngs8fva7 and bc1q48e742yu75t0p7smlglvffp5h6w74jxtwlvcynu4y8kfwm48hx9s85rnzl.
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03:57

Bitcoin Spot ETF Sees $90.4M Net Inflows, Ethereum ETF Adds $18.4M on July 10

According to FarsideUK data, Bitcoin spot ETFs saw net inflows of $90.4 million on July 10, with BlackRock's IBIT accounting for $86.8 million and VanEck's HODL adding $3.6 million. Ethereum spot ETFs received net inflows of $18.4 million over the same period, led by BlackRock's ETHA with $16.2 million, followed by Fidelity's FETH with $2.2 million.
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03:42

China's Import VLCC Shipping Rates Rebound, CTFI Index Up 8.3% on July 9

According to Jin10, China's import crude oil shipping market showed signs of recovery on July 9, as VLCC tanker rates continued to rebound globally. The China Import Freight Index (CTFI) reported 4,332.25 points on July 9, up 8.3% from July 2, according to the Shanghai Shipping Exchange.
03:42

Tether Transfers 4 BTC Worth $250K to Binance for Testing, Q2 Bitcoin Purchases Show Signs of Slowdown

According to Foresight News, Tether's reserve address transferred 4 BTC worth approximately $250,000 to Binance for testing approximately 5 hours ago, according to on-chain analyst Yan Chen. The address is used to allocate 15% of quarterly profits into Bitcoin. Notably, Tether historically moves newly purchased Bitcoin to its reserve address on the final day of each quarter. However, with Q2 ending over two weeks ago, no new Bitcoin deposits have been observed at the address, suggesting the quar
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03:41

U.S. Justice Department Plans to Drop Charges Against BitClub Network Founder Over $722M Crypto Fraud on July 8

According to Bloomberg, the U.S. Department of Justice plans to withdraw charges against Matthew Goettsche, founder of BitClub Network, on July 8. Goettsche was charged with operating a cryptocurrency Ponzi scheme involving $722 million; his legal team notified the judge that both parties reached a "preliminary agreement" to resolve the pending charges. Originally scheduled for trial in October, the case has been pending since indictment in 2019. Three co-defendants have already pleaded guilty.
03:41

01 Exchange Upgrades Trading Rewards Program for Next Two Weeks

According to Foresight News, 01 Exchange will enhance trading point rewards for all activities over the next two weeks. Users with previous trading history on the platform will receive additional bonus points, while users who traded during the test phase will receive retroactive 01 credits with a claim portal launching next Monday. All users' fee tiers have been automatically upgraded to their highest level achieved on 01 Exchange, with new tiers unlockable through increased trading volume. Afte
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03:37

Morgan Stanley Files Ethereum and Solana ETF Proposals at 0.14% Management Fee

According to Bitcoin.com News, Morgan Stanley filed Ethereum and Solana ETF proposals with the U.S. Securities and Exchange Commission (SEC) on July 9, proposing a 0.14% annual management fee that undercuts competitors Grayscale (0.15%) and Franklin Templeton (0.19%). The Morgan Stanley Ethereum Trust (ticker MSSE) and Morgan Stanley Solana Trust (ticker MSOL) would track Coindesk benchmarks and include staking capabilities, with BNY and Coinbase Custody serving as custodians. Both trusts remain
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03:32

S&P 500 Ends Week 0.4% Higher as SK Hynix Surges 13% on U.S. Debut

U.S. stock indices closed higher on Friday as South Korean memory chip maker SK Hynix delivered a blockbuster debut, with the S&P 500 gaining 0.4% to 7,575.39 and the Nasdaq 100 rising 0.3% to 29,825.11. SK Hynix opened at $170 on the Nasdaq, surging approximately 13% above its $149 offering price, while Meta Platforms and Nvidia gains offset weakness in Micron, Broadcom, and Amazon. Meta breached its 200-day moving average for the first time in over two months following announcements of its Mus
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03:32

Google Cloud Projected to Beat Q2 Estimates With 70% Growth; AWS Seen Growing 34%

According to Gene Munster of Deepwater Asset Management, Google Cloud and AWS are projected to beat Q2 earnings expectations. Google Cloud revenue is forecast to jump 70% year-over-year in the June quarter, outpacing the 64% consensus estimate, while AWS is expected to grow 34% year-over-year, exceeding the 32% consensus forecast. Strong demand for AI infrastructure is anticipated to drive earnings growth.
03:29

Eight Beijing Districts Launch Level-1 Flood Response as Heavy Rain Forecast for July 11

According to Beijing Meteorological Service, eight districts including Fengtai, Fangshan, Shunyi, Pinggu, Huairou, Miyun, Mentougou, and Yanqing have launched level-1 flood emergency response on July 11. Heavy rain, with some areas experiencing torrential rain, is expected from this evening through the night, with the most prominent rainfall period occurring from 6 p.m. to midnight.
03:28

Iran's UN Envoy Condemns U.S. for Violating Memorandum on July 10

According to Iran's UN envoy Iravani, on July 10, Iran condemned the United States for violating a memorandum of understanding and conducting large-scale military strikes against Iran, which Iravani said violated Iran's sovereignty and territorial integrity. Iravani stated that the U.S. must bear full international responsibility for the legal and political consequences of its illegal actions. He warned that if the U.S. continues to breach its obligations under the memorandum, Iran will no longe
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