Gate Crypto Flash News and Market Updates

According to Bloomberg, on July 20, South Korea's KOSPI index volatility reached 60% (Unicode字符数：约58字符), surpassing Bitcoin's 50% volatility. The elevated volatility prompted the Korean exchange to trigger circuit breakers seven times in 2026. Bloomberg attributed the heightened market swings partly to leveraged ETFs, which account for over 70% of daily trading volume and amplify price movements in Samsung Electronics and SK Hynix, which together comprise more than 50% of the KOSPI index.

The Trump administration announced on Monday (July 20) an incentive program offering reduced import aluminum tariffs for companies that build, expand, or renovate aluminum smelting facilities in the United States. Upon government approval, the tariff rate will drop from the current 50% to approximately 25%. The measure aims to address long-standing supply constraints. The U.S. operates only four active aluminum smelters today, down from 23 in 2000, and relies heavily on imports from Canada and t

According to U.S. intelligence reporter John Hudson, U.S. intelligence agencies assessed yesterday (July 21) that new military strikes against Iran would likely have limited impact and fail to soften Tehran's negotiating stance. Current and former officials said the strikes are unlikely to produce significant effects on Iran. Intelligence analysts noted that Tehran and Washington are locked in an indefinite stalemate between war and peace, with increasingly lethal hostile actions between the two

According to FTC orders signed on Monday and June 29, Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein are required to pay over $6 million combined to settle charges that they misled customers about the platform's safety before its 2022 collapse. Leon, former chief strategy officer, must pay $4.1 million, while Goldstein, former chief technology officer, must pay $2.014 million. The FTC alleged Celsius falsely claimed to hold sufficient reserves for withdrawals, maintain $750 million

According to Odaily, a two-year book copyright collective lawsuit against Anthropic was recently settled for $1.5 billion, marking a record in U.S. copyright settlement amounts. A federal judge found that while Anthropic's use of books to train its Claude model constituted fair use, the company's download and storage of over 7 million pirated books still constituted copyright infringement. More than 91% of affected authors and publishers have applied for compensation, while some rights holders o

According to Beating, Google is developing the Frozen v2 AI inference chip, which will embed part of Gemini's architecture directly into hardware to reduce computational and data movement overhead during model execution. The chip is expected to process up to 6 to 10 times more tokens per watt than Google's latest TPU, with deployment planned for as early as 2028. The initiative aims to address Google's worsening chip shortage, which has already forced Google Cloud to decline external customer or

According to Yahoo Finance, Morgan Stanley has become a leading underwriter in the surging AI-related bond market, generating $2.3 billion in fees during the first half of 2026—a dramatic increase from $1.4 billion in the prior six months. AI bond issuance reached $236 billion from the year's start through May end, roughly four times the volume from the same period last year. The bank has climbed to second place in the sector behind JP Morgan, overtaking Goldman Sachs. Morgan Stanley's strategy

According to Yahoo Finance, Citi strategist Scott Chronert recently recommended expanding the 'Magnificent Seven' tech giants to include Broadcom (AVGO), Micron (MU), and AMD, arguing the original framework no longer reflects the true drivers of market gains. Chronert noted that framing the market as the "Magnificent Seven versus 493 other companies" has become misleading, as smaller groups of AI infrastructure beneficiaries outside the original seven are now leading earnings growth. The expande

According to Onchain Lens, a whale transferred 9,000 ETH (worth approximately $17.19 million) to Cumberland today, likely for over-the-counter sale. The wallet had been inactive for 11 months before this transaction. Previously, the same wallet deposited approximately 50,000 ETH (valued at around $205.67 million) to FalconX through 13 separate transactions.

South Korea's financial authorities are accelerating the domestic launch of spot Bitcoin ETFs, with focus on establishing safeguards to reduce investor losses before the product rolls out on July 21, according to regulatory announcements. The emphasis on preventive measures reflects lessons from the leverage ETF market, where regulators tightened restrictions only after individual investor losses mounted, signaling commitment to avoid repeating past mistakes with Bitcoin spot ETF introduction.

South Korea's KOSPI 200 index gained 4% intraday on July 21, expanding its daily advance as trading progressed throughout the session.

On July 21, U.S. negotiators proposed a 10-day ceasefire, prompting crude oil and related futures to decline sharply as the geopolitical premium unwound. The shift reflected reduced immediate conflict risks in oil-supply-sensitive regions. However, the Houthi movement announced an embargo on maritime navigation to Saudi Arabia, reintroducing downside pressure on energy markets. The conflicting signals between ceasefire prospects and renewed regional threats set the stage for volatile trading in

According to Yahoo Finance and Goldman Sachs analysis, copper prices have risen recently due to AI-driven expectations for increased investment in data centers and power grid infrastructure. AI expectations have become the primary driver of copper's price gains since early 2025, surpassing traditional factors like China's growth outlook and U.S. dollar movements. Goldman Sachs commodity strategist Ravinaia Poselese stated that "AI is becoming the key narrative shaping expectations for future pow

On July 21, Japan's Minister of Economy, Trade and Industry Shigeto Shiraki declined to comment on daily movements and the outlook for exchange rates and bond yields, according to routine policy statements.

U.S. President Donald Trump is scheduled to meet with House Republicans on Tuesday at 5 p.m. ET (Wednesday 5 a.m. Beijing time).

According to Edaily, South Korea's government launched the Digital Assets Framework Act Phase 2 legislative discussion today, with the forum presided over by Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok. The government and ruling Democratic Party plan to advance the legislation through passage by year-end. The framework aims to establish regulatory oversight for stablecoin issuance and operations, building on the economic growth strategy announced on July 14.

According to KeyBanc analysts, Intel and AMD are expected to report strong data center CPU shipment growth when they release second-quarter earnings on July 23 and August 4, respectively. The firms forecast Intel's 2026 server CPU shipments will grow 25–30%, while AMD's will rise 15–20%, driven by sustained AI demand and improved supply conditions. Both companies are projected to see server CPU shipment growth exceeding 50% in 2027.

According to its announcement, Ant International completed Series A funding of approximately $1.2 billion today (July 21), with participation from Ant Group, Alibaba, and multiple international investment institutions. The capital will be allocated toward expanding global business operations, accelerating investment in emerging technologies including AI, and broadening cross-border payment and global account services to support fintech innovation worldwide.

According to South Korea's Financial Services Commission, the government recovered 590.1 billion won in public funds during the second quarter of 2026, comprising 560.1 billion won in dividends from financial institutions' shares acquired during restructuring and 30 billion won in interest income from loans to subsidiary KR&C. Through June 2026, total public fund recovery reached 123 trillion won since November 1997, representing a 72.9% recovery rate against 168.7 trillion won injected during t

According to the Bank of Korea, Governor Shin Hyun-song departs for Singapore on July 22, 2026, to attend the 31st EMEAP Governors' Meeting and the 15th meeting of EMEAP Central Bank Governors and Financial Supervisors. During the meetings, Governor Shin will discuss recent economic trends, AI's impact on economic structures and financial stability, and exchange views on financial institutions' AI adoption, supply chain disruptions' macroeconomic effects, and policy responses. Governor Shin retu