Gate Crypto Flash News and Market Updates

According to BlockBeats and Bitget market data, Zhipu stock rose over 14% intraday on July 8 after disclosing plans to develop proprietary chips. The company also reported that nearly 70% of investors intend to hold their positions long-term.

According to investment banking sources, South Korea's National Growth Fund is drawing concerns it may become a "black hole" in the venture capital market on July 8. Outflows from institutional investors such as pension funds and mutual aid societies have notably decreased as the massive fund formation initiative absorbs available capital.

According to FnGuide, the Korean National Pension Service's domestic stock holdings increased by 189 trillion KRW in Q2 2026, marking the largest quarterly gain on record. Samsung Electronics and SK Hynix accounted for approximately 80% of the total increase.

According to Guru Club, Thailand's central bank said on July 8 it is closely monitoring the baht exchange rate and stands ready to intervene if needed.

According to Economic Times, physical AI robotics startup Mowito secured $3 million in Pre-Seed funding on July 8, led by Version One Ventures with participation from All In Capital, Unisol, and iSeed. The company develops AI foundation models for industrial robot arms, enabling machines to learn tasks by observing human demonstrations rather than explicit programming. This approach addresses a key bottleneck in manufacturing automation: eliminating the need for engineers to rewrite control code

According to Financial News on July 8, South Korean brokerage reports signaled divergent outlooks for semiconductor heavyweights amid shifting market dynamics. SK Hynix's planned Nasdaq ADR listing on July 10 prompted Daishin Securities to raise its price target from 3.4 million to 3.9 million Korean won, citing enhanced global investor access and valuation rerating potential alongside high-bandwidth memory (HBM4) momentum. Kiwoom Securities downgraded Samsung Electronics' price target to 390,00

According to analyst thechessONCHAIN on CryptoQuant, Bitcoin's NUPL (Net Unrealized Profit/Loss) currently stands at 0.158, with its 100-day exponential moving average at 0.215 and 30-day EMA at 0.155. On June 2, the 30-day EMA crossed below the 100-day EMA, signaling weakening market momentum, though both averages remain above the zero line.

According to Jin10, Zhipu's stock surged over 10% on July 8, with trading volume exceeding 60 billion Hong Kong dollars. The company is considering developing its own AI chips to meet the rapidly growing demand for its GLM model.

According to the Reserve Bank of New Zealand's KIWI-GDP real-time forecasting model, New Zealand's gross domestic product is projected to grow 0.6% for the third quarter of 2026.

According to CNBC's "Mad Money" host Jim Cramer, Samsung Electronics' stock fell 7% on Tuesday following earnings that failed to meet market expectations for AI memory demand growth, prompting a broader reassessment of the AI hardware supply chain. Micron, Samsung's key competitor in memory, declined 4.7% on the same day. Cramer noted that capital is shifting from hardware suppliers toward major technology platforms. Amazon, Alphabet (Google), Meta Platforms, Apple, and Nvidia all attracted infl

According to Yonhapinfomax, on July 8, the USD/KRW spot MAR (market average rate) in the Seoul foreign exchange market was quoted at +0.05 won. Meanwhile, the NDF (non-deliverable forward) fixing position remained square, indicating neutral positioning among regional market participants ahead of the market opening.

According to New Zealand's Reserve Bank, domestic economic growth is expected to recover in the third quarter of 2026. The central bank cited lower fuel prices as a key factor supporting consumer spending recovery.

According to South Korea's bond market and securities industry, SK Hynix has purchased approximately 20 trillion won in securities and corporate bonds so far this year, spanning secured bonds, bank bonds, financial bonds, and securities company bonds. The company emerged as a major buyer in the credit market driven by record-high semiconductor earnings, which significantly increased its cash holdings. In the first quarter, SK Hynix reported revenues of 52 trillion won and operating profit of 37

According to the Reserve Bank of New Zealand (RBNZ), annual inflation is forecast to peak at 3.9% in the June 2026 quarter, before declining to 3.3% in the September 2026 quarter.

According to The Fact, South Korea's financial authorities summoned leveraged ETF operators on July 10 to discuss regulatory measures following mounting criticism over market volatility and retail margin trading risks. The government faced pressure over its approval of high-risk single-stock leveraged exchange-traded funds (ETFs) on Samsung Electronics and SK Hynix, which concentrated investor funds and expanded market swings. Officials are set to address the unintended consequences of the polic

According to Hyperinsight on July 8, whale 0x519c held seven long positions across AI and semiconductor-related assets, with a combined position size of approximately $19.54 million, currently facing cumulative unrealized losses of about $5.5 million. All seven positions were 5x leveraged long and showed losses, with the largest losses in MRVL (about $2.61M loss on $7.46M position), SNDK (about $1.16M loss), and SKHX (about $676K loss), making this address the largest losing position overnight.

According to Coinglass data cited by ChainCatcher, whales on Hyperliquid currently hold $5.106 billion in positions with a long-to-short ratio of 0.95, indicating slightly more short exposure at 51.24% versus long positions at 48.76%. Long positions show unrealized losses of $55.97 million while short positions are down $45.33 million. A notable whale address (0x082e..88) opened a 5x leveraged long position in HYPE at $38.6755, currently carrying an unrealized gain of $40.51 million.

According to Binance's official announcement, Binance's stock trading service will be temporarily unavailable from 18:50 to 23:30 (UTC+8) on July 11, 2026 for a planned system upgrade by its brokerage partner. Users will be unable to submit stock trading orders during the upgrade window.

The Reserve Bank of New Zealand indicated recent expectations for further monetary tightening, citing persistent inflation above its 2% target and anticipated economic activity strengthening. The central bank noted that additional stimulus reduction may be necessary to bring inflation back to its target midpoint.

According to VanEck, Strategy sold approximately $135 million in Bitcoin last week to fund preferred stock dividend payments. The sale did not count against the company's $1.25 billion BTC Monetization Program, which applies only to Bitcoin sales used to replenish the USD Reserve. As of July 5, the full $1.25 billion in monetization capacity remained available and untouched. Details were formally disclosed in Strategy's Form 8-K filing, and the distinction implies the company's actual Bitcoin se