Gate Crypto Flash News and Market Updates

According to ChainCatcher, citing Lookonchain data, trader 0x4c8f profited over $1.2 million with a 77x return on PIPEDOG within 7 hours today. The trader invested 8.39 ETH (approximately $16,000) to acquire 293.75 million PIPEDOG tokens, then sold 34.55 million tokens for 32.67 ETH (roughly $62,000) while maintaining a position of 259.2 million PIPEDOG tokens valued at $1.18 million.

According to Houthi military spokesman Yahya Saree, the group shot down a Saudi Karayel-type reconnaissance drone early on July 29 over Saada province's airspace during what the militants described as hostile operations. Saree stated the organization will continue to protect national sovereignty and reserves the right to respond to any violation.

According to reports, Indonesia's state-owned energy company Pertamina Patra Niaga began nationwide B50 biodiesel distribution on Tuesday (July 29), in line with government mandate. The rollout, which officially took effect on July 1, makes Indonesia the first country globally to implement mandatory B50 blending standards nationwide. Pertamina will initially distribute through 29 of 126 fuel terminals over a three-month transition period, allowing suppliers to clear existing B40 inventory before

On July 28, Seagate Technology (STX-US) reported Q4 revenue of $3.6 billion and earnings per share (EPS) of $5.71, both exceeding analyst estimates of $3.5 billion and $5.10, respectively. The company's shares rebounded 6.6% in after-hours trading. For fiscal year 2026, Seagate posted annual revenue of $12.2 billion versus the expected $12 billion, with a year-over-year increase of 34% and free cash flow hitting a record $3.1 billion. CEO Dave Mosley stated that strong cloud data center demand a

According to Foresight News, Base Build launched Base Verify Onchain on Base Sepolia testnet to address sybil attacks in blockchain ecosystems. The feature enables developers to enforce "one real user, one claim" rules in smart contracts by generating stable identity hashes for verified users without requiring personal information such as names or account credentials. Users can complete verification through existing Coinbase, Instagram, X, or TikTok accounts. The system returns verified identity

According to BlockBeats, Changxin Technology shares rose 4.64% on July 29, reaching a market cap of 3.29 trillion yuan, amid concerns the chipmaker's IPO could disrupt the global memory chip market dominated by Samsung, SK Hynix, and Micron. South Korean media attributed recent stock market declines to worries that Changxin could leverage IPO proceeds to compete aggressively in low-end memory chips, potentially challenging incumbents' market dominance.

According to BlockBeats, South Korea's exchange triggered a circuit breaker for the KOSDAQ index on July 29, halting trading for 20 minutes.

According to a Reuters survey, 29 analysts downgraded their 2026 gold price forecast to $4,509 per ounce on July 29, down from $4,916 predicted three months ago. For 2027, the average forecast fell to $4,610 per ounce from $5,100. Despite the downward revision, analysts expect central bank gold purchases, geopolitical risks, and government debt pressures to support gold's long-term outlook. German bank Commerzbank lowered its year-end gold target to $4,500 per ounce, noting that if inflation pre

According to South Korea's Financial Supervisory Service (FSC), on July 29, financial institutions' boards of directors and management must assume final responsibility for cybersecurity incidents and data breaches occurring at external IT service providers they contract with. The FSC established the guideline to manage third-party IT risks more effectively as financial firms increasingly outsource IT operations due to digitalization. Under the framework, financial companies must establish a thre

According to the Bank of Korea's report submitted to the Finance and Economy Committee on July 29, the central bank projects global semiconductor demand will remain in expansion for a considerable period, driven by artificial intelligence applications and related infrastructure investments. The current semiconductor expansion cycle has lasted 40 months since March 2023, surpassing the average of 29 months across five prior expansion periods between 2000 and 2020. High-performance custom chips in

According to ChainCatcher, Hong Kong tech stocks surged intraday on July 29, with the Hang Seng Tech Index up over 3% and the broader Hang Seng Index rising 1.66%. MiniMax (00100.HK) led gains with over 12% increase, followed by Li Auto (02015.HK) up over 10.5%, Xiaomi Group (01810.HK) and Zeekr (09863.HK) each up over 8%, and Tencent Holdings (00700.HK) up over 4.5%, according to Gate market data.

On Tuesday (July 28), analyst Meredith Whitney, known for accurately predicting the 2007 financial crisis, warned that the U.S. economy will face a 'reckoning' in the fourth quarter as stimulus effects fade. High-frequency indicators have deteriorated, with credit card balance growth slowing significantly since May and rising gas prices pressuring household disposable income, she said. Whitney expects the Federal Reserve to maintain interest rates unchanged at its Wednesday (July 29) decision. S

According to BlockBeats, citing Bitget market data, South Korea's KOSPI index fell 8% today (July 29), extending its monthly decline to 35%. SK Hynix dropped 12%, while Samsung Electronics fell 7.5%.

China's Ministry of Ecology and Environment, along with 18 other government departments, released the national climate change plan for the 15th Five-Year Plan period (2026–2030). By 2030, carbon dioxide emissions per unit of GDP will decline 17% compared to 2025 levels, according to the plan. The national carbon emissions trading market will reduce CO2 emissions per product unit by around 3% from 2025 levels across covered industries. A voluntary greenhouse gas emissions trading market aligned w

According to SEC Chair Paul Atkins, on July 29 he backed the Clarity Act on X platform and pledged technical support, stating that "America's leadership in the digital finance revolution requires a regulatory framework that matches our innovators' vitality." Atkins joins Fidelity and Goldman Sachs as high-profile supporters. The updated bill text now includes ethics provisions banning government officials and their family members from issuing or promoting crypto assets.

According to BlockBeats citing Hyperinsight monitoring, SK Hynix's stock continued sliding this morning (July 29) after posting earnings, with SKHX (Hynix Korean stock futures on Hyperliquid) trading at $969.93, down 11% in 24 hours. Within an hour of the decline, five whale traders opened or reopened long positions totaling 8,419.75 SKHX contracts worth approximately $8.17 million at a weighted entry price of $981.15. All five positions are now underwater with cumulative losses of roughly $95,0

According to BIT data, Apple stock reached an intraday high of $342.89 on July 29, briefly surpassing a $5 trillion market capitalization and becoming only the second publicly listed company to reach this milestone. At close, Apple traded at $340.08 with market cap slightly below $5 trillion, maintaining the top global market value position. Year-to-date, Apple shares have gained approximately 25%.

According to Bitcoin Magazine, Core Scientific raised its Bitcoin holdings to 848 BTC in the second quarter, adding 301 BTC from a previous position of 547 BTC. The Nasdaq-listed miner's revenue climbed to $164.2 million from $78.6 million year-over-year, while gross profit jumped to $70 million from $5 million. On July 29, Core Scientific signed a 2.5-gigawatt data center capacity agreement with AMD, which will receive over 500 megawatts of AI-ready infrastructure as the company shifts resource

According to Allianz Investment, economist Paul Zanghieri recently expects the FOMC to maintain and potentially strengthen its hawkish stance amid persistent inflation and rising oil prices, with internal disagreements potentially opening the door to further tightening measures later this year.

According to RootData data tracked by ChainCatcher, Ethena (ENA) will unlock approximately 171.88 million tokens worth roughly $14.11 million on August 5, 2026 at 00:00 UTC+8. The unlock is part of Ethena's scheduled token release schedule.