Gate Crypto Flash News and Market Updates

According to Kyobo Securities, on July 12, the Japanese yen is reaching its weakest level in 40 years as the Bank of Japan (BOJ) maintains its interest rate hike stance. Analysts forecast the dollar-yen exchange rate will be defended at the 165-170 yen level, provided the BOJ does not abandon its monetary tightening bias.

On July 11 at midday, the Chongqing Meteorological Bureau issued an orange high-temperature alert. From 13:00 to 20:00 on July 11, maximum temperatures across 35 districts and counties including Yuzhong, Shapingba, Dadukou, Jiulongpo, Nanan, and others are expected to reach 37°C or above, with some areas reaching 40°C.

According to Fujian Provincial Flood Control Headquarters, the province launched a Level IV flood emergency response on July 11 early morning while maintaining a Level II typhoon emergency response. The measures were implemented in preparation for potential heavy rainfall from Typhoon Bavi. Local governments have accelerated inspections of drainage facilities and dredged water pipelines to ensure proper water discharge.

According to Xinhua News Agency, Chinese Premier Li Qiang held talks with North Korean Premier Park Thae Sung on July 11 at the Great Hall of the People in Beijing.

According to CCTV News, residents in eastern Tehran heard explosions on July 11. The blasts were reported in the Pakdasht and Kiamdash areas in the east of the Iranian capital, though the exact source remains under investigation.

According to ChainCatcher and on-chain analyst Ai Yi, LAB token plummeted from $17.68 to $1.05 over the past 3 days, dropping 94%. Three hours ago, a suspected insider address transferred 7.99 million LAB tokens across three new addresses, currently valued at approximately $9.24 million. The same tokens were worth $141 million three days earlier.

According to Iran's Ministry of Foreign Affairs, Foreign Minister Abbas Araghchi arrived in Oman's capital Muscat on the morning of July 11. The Iranian Foreign Ministry spokesman said Araghchi will consult with Omani officials on matters related to the Strait of Hormuz.

According to Financial News and Yonhap News, on July 9, South Korea's investor deposit fund fell to 107.1 trillion won, the lowest level in five months, as market volatility prompted retail investors to either buy at lower prices or withdraw cash. The decline signals diminishing ammunition to defend against sustained foreign selling. From June 1 to July 10, foreign investors conducted net selling of 12.3 trillion won in the equity market, with retail investors absorbing most pressure through net

According to iM Securities, U.S. military strikes on Iran on July 11 triggered a sharp surge in crude oil prices and elevated U.S. Treasury bond yields, raising inflation concerns. West Texas Intermediate (WTI) crude jumped to $74 per barrel from lows near $68, with prices exceeding $76 on July 8. U.S. 10-year Treasury yields climbed to 4.57%, approaching the May 19 peak of 4.6663%. The bond market's sensitivity reflects mounting concerns about inflation pressure from rising energy prices, accor

According to Saudi media Hadath, loud explosions were heard near Bakhtaran and Barchin in Iran today, July 11. The reports remain unverified at this time.

According to Xinhua, New Zealand Prime Minister Luxon and Indian Prime Minister Modi announced on July 11 in Auckland that they will elevate bilateral relations to a strategic partnership. The two leaders agreed on a "2030 Roadmap" covering trade, investment, and technology, with a target to double bilateral trade by 2030. The roadmap is anchored in a free trade agreement signed by both countries in late April.

According to the Ministry of Agriculture and Rural Affairs, pork prices at national agricultural wholesale markets rose to 15.67 yuan/kg on July 10, up 6.7% from July 3. The weekly average price reached 15.46 yuan/kg, gaining 6.8% compared to the previous week's 14.47 yuan/kg.

According to the Presidential Office of Ukraine, on July 10, President Volodymyr Zelensky signed a decree to establish a Special Command and a Joint Rapid Response Force.

According to Onchain Lens, on July 11, a whale deposited approximately $450,000 to Hyperliquid and opened a 3x leveraged short position of 1.11 million CASHCAT (worth $222,200) within one hour of the token's Hyperliquid listing. The whale established the position at an entry price of $0.195336 per token, with a current unrealized loss of $4,400.

According to MarketWatch, Morgan Stanley's strategy team warned Monday that recent weakness in semiconductor stocks could intensify into broader market volatility. The team, led by chief U.S. equity strategist Mike Wilson, recommended shifting focus to hyperscale cloud operators as the most attractive investment opportunity amid ongoing sector rotation. Data underscores the divergence: the Roundhill Magnificent Seven ETF (MAGS-US), which holds major cloud providers, has declined 1.3% year-to-dat

According to Cointelegraph, in its first week of launch, Robinhood Chain has surpassed $70 million in bridged Ethereum. Token Terminal data shows the chain reached 194,000 daily active users with daily revenue of $39,000, translating to an annualized revenue run rate of approximately $14 million. DefiLlama reports total value locked at 46,748 ETH (approximately $83 million), with single-day inflows on July 9 reaching 31,855 ETH (approximately $55 million).

According to BlockBeats, Hyperliquid launched perpetual futures trading for CASHCAT, a Robinhood Chain meme token, on July 11, supporting up to 3x leverage.

According to the Emergency Management Ministry, on July 11, China launched a national Level-4 geological disaster response in Tianjin, Liaoning, and Jilin due to forecasted heavy rainfall. The China Meteorological Administration predicted that Typhoon Bavi, combined with southwest monsoon systems, will bring heavy downpours to northern China and northeast regions through July 13, with extremely heavy rainfall expected in parts of Tianjin, Liaoning, and Jilin. Following joint assessment with the

According to the U.S. Attorney's Office for the Eastern District of Kentucky, Rossen G. Iossifov, 53, appeared July 8 on charges of transferring approximately $290,000 in cryptocurrency that had been seized and forfeited to the U.S. government. Iossifov, already serving a 111-month prison sentence, allegedly coordinated the unauthorized withdrawal and transfer through multiple cryptocurrency exchanges, mixing services, and a foreign bank from January through December 2024, after a federal court

According to GMGN data, CASHCAT, a Meme coin on Robinhood Chain, broke its all-time high market cap of $200 million today, with gains exceeding 22% intraday.