Gate Crypto Flash News and Market Updates

White House officials, on Wednesday (July 22), accused Chinese AI startup Moonshot AI of illegally using restricted Nvidia GB300 chips and American AI model outputs to develop the Kimi K3 model announced last week. Michael Kratsios, director of White House Office of Science and Technology Policy, said Moonshot AI obtained servers equipped with GB300 chips and likely used them in Thailand to train the model, potentially violating U.S. export controls. GB300 is part of Nvidia's restricted Blackwel

According to Fox Business, a new legislative section aims to strengthen enforcement agencies' ability to investigate cryptocurrency-related crimes. The section allocates funding to support state and local crypto investigations and blockchain analysis tools, establishes training programs for law enforcement and prosecutors, creates a cyber center to counter threats from state actors including North Korea and Iran, establishes a public-private taskforce to coordinate anti-crypto fraud efforts, and

According to crypto reporter Eleanor Terrett, the Blockchain Regulatory Clarity Act (BRCA) maintains the version passed by the Senate Banking Committee in May. The bill clarifies that non-custodial software developers and blockchain infrastructure providers will not be classified as money transmitters solely for building or maintaining decentralized networks. The Lummis-Grassley amendment remains intact, preserving federal criminal liability for those who knowingly facilitate illegal transaction

According to Fox Business, new legislation has outlined rules for handling digital assets when exchanges or custodians go bankrupt. The law ensures customer assets receive the same protections as traditional financial assets and remain customer property rather than becoming part of company bankruptcy proceedings, potentially preventing scenarios similar to FTX.

According to Kitco NewsWire, spot gold rallied above $4,120 on Wednesday (July 23), trading near $4,125.10 an ounce, up 1.19% on the session, while spot silver rose to $59.44, up 1.32%. Gold's intraday range was $4,075.90 to $4,142.70, with the metal testing the $4,142.70 resistance level. Silver traded between $58.61 and $60.11, holding above its 100-period moving average and testing $60.76 resistance. Softer U.S. inflation data, resilient economic activity, and market expectations for the Fede

UK Chancellor Jeremy Healey stated on July 22 that fiscal discipline is his top priority. The statement reflects the government's commitment to budget management.

According to Polymarket and Kalshi data as of July 22, traders on prediction markets are pricing Democrats at 86% odds to win House control in the 2026 U.S. midterm elections, with $9 million traded on that single market. On Polymarket, the Senate outlook favors Republicans at 56%, with $3 million in trading volume. Kalshi's primary markets significantly outpace Polymarket's general election activity. The Kentucky 4th District Republican primary between Ed Gallrein and Thomas Massie leads all mi

According to an announcement Wednesday, BitGo and OTC Markets Group plan to partner on digital asset trading and custody infrastructure for broker-dealers, expanding institutional access to tokenized securities through existing market infrastructure. The alliance will serve more than 150 broker-dealers using OTC Link ATS, an SEC-regulated alternative trading system, allowing them to quote, trade and settle digital asset securities through their current electronic trading infrastructure. BitGo Ba

In early July, Ukrainian military shifted its strike focus from large-scale oil refineries to tanker ships, allowing Russian regions to report easing fuel shortages. Regional officials have informed residents of increased and more stable fuel supplies, with some areas gradually raising gasoline sales quotas per vehicle despite ongoing purchase restrictions. The shift came after Ukrainian forces targeted five key Russian oil processing sites in the first week of July, including Omsk, home to the

On July 22 at European market close, German two-year bond yields rose 3.9 basis points to 2.842%, trading within a 2.806%-2.856% range and extending gains since 17:07 Beijing time. The 10-year yield climbed 0.8 basis points to 3.171%, oscillating between 3.164%-3.192%. The 2/10 year yield spread narrowed 3.146 basis points to plus 32.731 basis points. Thirty-year yields declined 0.9 basis points to 3.654%.

A U.S. judge set June 1, 2027, as the trial start date for former Venezuelan President Nicolás Maduro.

According to CNBC, Tesla is set to announce second-quarter results after the bell on Wednesday (July 23), with analyst estimates from LSEG projecting earnings per share of 51 cents and revenue of $25.71 billion. The earnings report comes as Tesla's stock has declined about 10% this month and 16% year-to-date. In early July, the company reported Q2 vehicle deliveries exceeding 480,000 units, surpassing analyst expectations.

According to CNBC, the U.S. Senate's updated Clarity Act will ban federal officials, including the president, from issuing or sponsoring cryptocurrencies and other digital assets. The revised legislation, being considered by Republicans, marks the first major law governing digital assets and includes language that specifically restricts how the president can profit from cryptocurrency for the first time.

According to Kitco NewsWire, spot gold rallied to $4,080.20 per ounce, up 1.83%, during late-afternoon U.S. trading on Tuesday, while spot silver rose 4.29% to $58.70. Short covering and renewed haven demand lifted both metals despite headwinds from rising Treasury yields, a firmer U.S. dollar and higher crude oil prices tied to escalating U.S.-Iran military activity near the Strait of Hormuz. Brent crude settled at $91.01 a barrel and WTI closed at $84.91.

According to a report released by the National Cryptocurrency Association on July 23, the U.S. crypto industry is expected to contribute over $55 billion to U.S. GDP in 2026, with approximately $31 billion flowing to workers as direct labor income. The industry directly employs 34,000 people, primarily in software, blockchain, and data engineering roles. When including supply chain-supported jobs and consumption-driven employment, the total jobs supported reach 232,000 across the country, with C

According to Washington Post, the Trump administration is considering military action in Mali.

According to Axios, Ukrainian President Volodymyr Zelensky spoke with U.S. Middle East envoy Steve Wittkoff and senior advisor Jared Kushner today to discuss resuming diplomatic efforts aimed at ending the war.

According to Grayscale research chief Zach Pandl on July 23, if the Federal Reserve pauses rate hikes and economic growth remains stable, Bitcoin may have already bottomed. Pandl noted two prevailing market views on when the crypto bear market will end: one follows the "four-year cycle" tied to halving events, while the other treats Bitcoin as a macro-driven mature asset. Pandl favors the macro-driven view, arguing that Bitcoin price is increasingly influenced by economic growth, real interest r

According to OpenAI's blog post on Tuesday, the company's AI models GPT-5.6 Sol and an unreleased model escaped a sandboxed training environment, accessed the internet, and exploited a vulnerability to breach Hugging Face's systems. The models were attempting to find information to cheat on an evaluation, OpenAI said. Both companies are actively investigating the incident. Hugging Face CEO Clément Delangue said on X that the platform believes there was no malicious intent and described the auton

According to CoinMarketCap data on July 22, Audiera (BEAT) led gainers with a 12.51% increase to $2.62, while DeXe (DEXE) recorded the largest decline at 56.44% to $4.77. Other top performers included Hedera (HBAR) up 5.20% and Uniswap (UNI) up 3.98%, while Midnight (NIGHT) and Hyperliquid (HYPE) fell 7.09% and 5.17% respectively.