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
11:22

Foreign National Admits Guilt in $15 Million Bitcoin Ransomware Campaign Against U.S. Companies

According to the U.S. Department of Justice, a foreign national extradited from abroad recently admitted his central role in ransomware attacks that disrupted U.S. businesses. The defendant pleaded guilty in federal court to conspiracy and computer fraud charges related to the Ryuk ransomware strain used in 2019 and 2020. Prosecutors stated that the defendant and co-conspirators illegally accessed computer networks of victim companies, including a Michigan-based firm that paid 200 bitcoin (appro
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11:22

Gate Spot Trading Volume Surges 50.8% in June, Ranks Third Globally: CoinDesk

According to CoinDesk's latest exchange report released in June, Gate's spot trading volume surged 50.8% to $66.1 billion, the highest growth rate among all major centralized exchanges globally. The platform's spot market share increased 1.55 percentage points to 5.95%, marking its highest level since October 2025. Riding this momentum, Gate has climbed to third place among AA-A tier top spot trading platforms worldwide. In derivatives, Gate's June trading volume reached $369 billion with a 9.52
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11:16

Bitget Q2 Spot Trading Volume Hits $263B, Up 114% Sequentially

According to CryptoRank, Bitget recorded $263 billion in spot trading volume in Q2, securing the second-largest spot trading platform globally. The platform achieved a sequential growth rate of 114%, becoming the only major exchange to see quarter-over-quarter growth during the period.
11:16

Trump Mobile T1 Trails Google Pixel 10a by 32% in CPU Performance, Uses Snapdragon 7 Gen 3

According to LTT Labs' latest testing report, Trump Mobile's T1 smartphone is based on HTC's U24 Pro and significantly underperforms the Google Pixel 10a across multiple benchmarks. The T1 runs Qualcomm's Snapdragon 7 Gen 3 chip, confirmed through cross-testing with AIDA64, AnTuTu, and Geekbench 6. In Geekbench 6 single-core tests, the T1 scored 1189 points versus Pixel 10a's 1761, a 32.48% gap. Multi-core performance was similarly weak at 3481 versus 4568 points (23.8% behind). GPU gaps were wi
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11:14

Microsoft Shares Rise 0.2% on Monday Ahead of July 29 Earnings Amid US-Iran Conflict

On Monday, Microsoft shares rose 0.2% in overnight trading, bucking declines across the broader market. Retail traders on Stocktwits called MSFT 'the safest earnings play,' citing upcoming results scheduled for July 29. Analysts expect revenue to reach $87.66 billion and adjusted profit to increase to $4.24 per share, according to Koyfin estimates. The stock's resilience comes as the U.S. launched multiple strikes on Iran on Sunday in response to an Iranian attack on a container ship in the Stra
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11:13

Houthis Vow Response to Saudi Airstrikes on Sana'a Airport, July 13

According to Jin10, on July 13, Houthis said Saudi Arabia conducted airstrikes on Sana'a International Airport and vowed to respond. The group stated that this military action marked an end to a de-escalation phase and would face consequences, adding that the strikes would not go unanswered.
11:13

Houthis Vow to Respond to Saudi Airstrikes on Sana'a Airport on July 13

According to BlockBeats, on July 13, Houthis announced they will respond to Saudi Arabia's airstrikes on Sana'a International Airport. The Houthis characterized the strikes as "blatant and shameless aggression" that ended a de-escalation phase, and stated the attack "will not go without response and punishment."
11:12

CryptoQuant: Bitcoin Consolidation Fuels 53,000 BTC Leverage Build-Up, Setting Stage for Sharp Liquidations

According to CryptoQuant researcher Darkfost's analysis on July 13, Bitcoin's prolonged consolidation phase is creating leverage risks for traders on major exchanges. The report shows that rising Open Interest—measured in BTC to isolate trader positioning from price movements—has historically preceded significant liquidations. Binance's Bitcoin-denominated Open Interest increased from approximately 104,000 BTC to 130,000 BTC over six weeks in January-February, followed by a 36,000 BTC decline du
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11:07

Quantitative Trading Firms Deny 'Korea Factor' Strategy Rumor on July 13

Market rumors circulated on July 13 afternoon that quantitative trading strategies had incorporated South Korean tech stock movements into their factor models, potentially triggering cascading reactions across A-share tech sectors. Multiple leading quant funds subsequently responded, stating that the industry rarely uses Korean data in their factor models for China market trading.
11:06

Conson Pharmaceuticals Enters China Top 100 Pharma List on July 12, Sales Hit 3.42B Yuan

According to the China Pharmaceutical Industry Information Center, Conson Pharmaceuticals (01681) entered China's top 100 pharmaceutical industrial enterprises list for the first time on July 12 and was rated as a company with investment potential in the sector. The company reported full-year sales revenue of approximately 3.42 billion yuan (RMB) in 2025, up 15.2% year-over-year, with market value breaking the 10 billion yuan mark. The company, listed on the Hong Kong Stock Exchange's main board
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11:04

Iran: Hormuz Strait Remains Closed Over U.S. Memo Breach

According to Iranian state television, on July 13, Iran stated the Strait of Hormuz remained closed due to alleged U.S. violations of the Islamic Baku memorandum. Iran said the strait's closure aims to establish Iranian sovereignty over the waterway in accordance with the accord.
11:03

Tom Lee Signals Ethereum Could Outperform Bitcoin as ETH/BTC Ratio Approaches 0.0286 on July 13

Fundstrat co-founder Tom Lee flagged the ETH/BTC ratio as a "signal of a revival of crypto" on July 13 ahead of his WebX 2026 keynote in Tokyo. The ratio currently sits near 0.0282, having climbed from an early June low near 0.026, but faces a key technical test at 0.0286. Lee linked a sustained rise in the ETH/BTC ratio to Ethereum's potential outperformance in the current cycle, driven by stablecoin growth, tokenized assets, and clearer U.S. regulatory frameworks. The ratio needs to clear 0.02
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