Gate Crypto Flash News and Market Updates

According to EIA data released for the week ending July 10, U.S. strategic petroleum reserves fell to their lowest level since April 15, 1983. In the same period, domestic crude oil production reached its highest output since November 7, 2025.

According to the Office of Information and Regulatory Affairs (OIRA), the White House began reviewing a proposed rule on Tuesday, July 14, that would restrict undocumented immigrants from claiming certain refundable tax credits. The U.S. Treasury Department announced plans for the regulation last November. Under the proposed rule, undocumented immigrants would be ineligible for refundable portions of the Earned Income Tax Credit (EITC), Additional Child Tax Credit, and American Opportunity Tax C

According to the EIA, U.S. crude oil imports fell by 399,000 barrels for the week ending July 10, 2026, compared to a prior week total of 1.096 million barrels.

According to the U.S. Energy Information Administration (EIA), crude oil inventories at the Cushing hub increased by 430,000 barrels for the week ending July 10, compared to a previous decline of 52,000 barrels a week earlier.

According to EIA data, U.S. gasoline inventories declined by 1.533 million barrels in the week ending July 10, compared to a decline of 1.904 million barrels in the previous week.

According to EIA data, U.S. refinery equipment utilization rate rose 0.4% in the week ending July 10, rebounding from the previous week's decline of 0.8%.

According to Onchain Lens, a whale borrowed an additional 2 million USDC on Hyperlend. The account now has total USDC borrowings of 17.73 million, backed by 0.7421 million WHYPE tokens valued at $50.66 million (as of July 15).

According to Odaily, on-chain data shows Maji Da Ge currently holds 15,200 ETH in a long position with unrealized gains of approximately $1.29 million and a position value of $29.35 million as of July 15. The position carries an average entry price of $1,845.65, with the mark price currently at $1,929.20 and a liquidation price of $1,855.99. The account maintains approximately $1.17 million in margin.

According to market data from BIT, storage sector stocks tumbled during U.S. trading on July 15. SanDisk (SNDK) led declines with an 11% drop, while SK Hynix ADR (SKHY.O) fell 6.1%, Western Digital (WDC) declined 6.2%, Micron Technology (MU) dropped 6.2%, and Seagate Technology (STX) fell 5.3%.