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
05:37

KT to Invest 5 Trillion Won in AI Data Centers, Utilize 3,500 Telecom Offices as Edge Infrastructure

According to Yonhapinfomax, on July 23, KT announced a plan to invest 5 trillion won over the next five years in AI data centers (AIDC) while leveraging approximately 3,500 telecom facilities nationwide as edge data centers to support physical AI expansion. KT CEO Park Yoon-young stated that physical AI infrastructure requires low-latency networks across diverse regions, and the company will deploy AI computing equipment at its nationwide offices to connect central AIDC with industrial sites. Se
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05:37

S&P 500 Companies' EPS Guidance Hits Record High on July 23

According to Bloomberg, S&P 500 companies' earnings per share (EPS) Guidance Momentum Score reached a record high on July 23. More companies raised their earnings forecasts than cut or maintained them, marking the largest positive bias on record.
05:37

Apple Stock Climbs 20.3% YTD but Assessed as Overvalued, Trading at 30.67x Forward PER

According to Yahoo Finance on July 23, Apple stock has gained 20.3% year-to-date and surged 19% over the past three months, outpacing the S&P 500's 9.7% annual return. However, the company's valuation metrics signal overextension: its forward price-to-earnings ratio stands at 30.67x, exceeding the 10-year average of 24.8x, while forward EV/EBITDA is at 24.5x versus the 10-year average of 18.3x. Yahoo Finance noted that current valuations assume "dominant market dominance" amid CEO leadership tra
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05:31

Mirae Asset Completes Korbit Acquisition, Increases Stake to 97% on Thursday

According to Korbit's official announcement, Mirae Asset has completed its acquisition of the South Korean crypto exchange on Thursday and increased its ownership stake from 92% to 97% by purchasing an additional $5.32 million in shares. The exchange confirmed that its operating entity, user deposits, and personal data handling remain unchanged. Korbit ranks as South Korea's fourth-largest crypto exchange by trading volume, with approximately $4.3 million in 24-hour trading volume.
05:31

Crypto Industry Suffers 3 Security Incidents Today, Totaling $35.55M in Losses

According to Lookonchain, the crypto industry experienced 3 security incidents today (July 23), resulting in cumulative losses of approximately $35.55 million. AFX Trade suffered the largest loss of $24.15 million, followed by Verus' Ethereum cross-chain bridge with $7.55 million in damages, and B² Network with $3.86 million.
ETH0.17%
05:31

Mossad Chief Provides Iran Nuclear Intelligence During Washington Visit on July 8

According to U.S. officials, Mossad chief Roman Gofman visited Washington two weeks ago (around July 8) and held talks with U.S. counterparts on Iran's regional activities and nuclear program. During the visit, Gofman provided U.S. officials with intelligence regarding Iran's Fordow nuclear facility, uranium supplies, and economic conditions.
05:30

Bankr Launches Stock Paired Tokens to Convert Meme Trading Volume Into Stock Liquidity

According to Bankr's announcement on X, the platform launched Stock Paired Tokens, a feature that converts meme trading volume into stock liquidity. The mechanism allocates trading fees to accumulate corresponding stock assets. Users can now deploy Stock Paired Tokens on Bankr and view real-time paired token data via the platform's stock screener.
05:26

Gold, WTI Crude Oil, and Natural Gas Rise in Volume and Open Interest on July 22, CME Data Shows

According to CME data, on July 22, gold, WTI crude oil, and natural gas all saw increases in both trading volume and open interest. Gold trading volume reached 182,264 contracts with 387,520 open contracts; WTI crude oil volume hit 1,163,459 contracts with 1,880,106 open contracts; natural gas volume rose to 460,634 contracts with 1,682,356 open contracts. In contrast, silver and copper trading volumes declined, though their open interest participation increased.
05:23

South Korea's Q2 GDP Grows 3.7% YoY; GDI Surges to 38-Year High at 15.6%

According to South Korea's Ministry of Economy and Finance, on July 23, the country achieved 3.7% year-over-year real GDP growth in the second quarter, making the achievement of a full-year 3% growth target increasingly likely. The ministry noted that Q2 real gross domestic income (GDI) surged 15.6% year-over-year, marking the highest growth rate since the first quarter of 1988—the result of improved trade conditions driven by semiconductor price gains. The ministry also projected that South Kor
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05:19

Tesla Q2 Capex Hits $5.79B, Free Cash Flow Swings Negative; Munster Forecasts $25B Capex in 2026

According to Fiscal AI and analyst Munster, Tesla's second-quarter capital expenditure surged to $5.79 billion, pushing free cash flow to negative $1.09 billion—the company's first negative quarterly cash flow in two years. The earnings report, released July 23, showed that Elon Musk is prioritizing faster execution across AI, Optimus, Cybercab, semiconductors, and solar manufacturing over near-term capital efficiency. Tesla stock fell 4% in extended trading following the earnings announcement.
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05:17

South Korean Court to Issue First Ruling in Bithumb BTC Misallocation Case on August 27

According to Digital Asset, a South Korean court will issue its first ruling on August 27 in Bithumb's Bitcoin misallocation case involving four users. The users allegedly sold the mistakenly received BTC and are holding approximately 194 million Korean won in proceeds. Bithumb filed unjust enrichment recovery lawsuits with a maximum claimed amount of around 500 million won. In February, the exchange mistakenly recorded won rewards as Bitcoin during a promotional distribution. Bithumb reported r
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BTC-0.44%
05:16

Hyundai Motor Reports Q2 Revenue of 49.2 Trillion Won, Beating Estimates but Missing Profit Targets

Hyundai Motor reported second-quarter revenue of 49.2 trillion won on July 23, up 1.9% year-over-year and exceeding analyst expectations of 48.8 trillion won. However, operating profit fell 20.8% to 2.85 trillion won, below consensus estimates of 3.09 trillion won. The automaker achieved top-line growth but faced margin pressure, with operating profit significantly trailing market expectations.
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05:13

EU Parliament Foreign Affairs Committee Meets with China-EU Business Council Official on July 21

According to Jin10, on July 21, Stefan Bernhart, Vice President of the China-EU Chamber of Commerce, met with a delegation from the European Parliament's Committee on Foreign Affairs led by David McAllister. Bernhart discussed major economic trends affecting European businesses operating in China, citing real estate crisis, weak consumer confidence, and export-driven policies that have created supply-demand imbalances and unsustainable domestic competition. European business confidence hit histo
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