Gate Crypto Flash News and Market Updates

According to Maeil Business Newspaper, Michael Burry criticized AI industry circular financing practices on July 23 following Google's earnings release. Burry, citing BIS data, stated that of $800 billion in forward-contracted AI research and development spending through April 2026, approximately $500 billion represents circular financing. He noted that hyperscaler revenue exceeding $600 billion is more than half-driven by such arrangements, while semiconductor chipmakers' revenues are largely c

According to The Fact, Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Naver Board Chair Lee Hae-jin, and Hyundai Motor Group Chairman Chung Euisun are scheduled to meet with Nvidia CEO Jensen Huang in the U.S. this week to discuss AI cooperation across memory semiconductors, data centers, and cloud infrastructure. Samsung Electronics and SK Hynix shares gained 2.98% and 3.01% respectively on July 23 to 268,250 KRW and 1,885,000 KRW, as the meeting signals renewed comm

According to Bank of Korea, the country's reserve money balance reached 13.8161 trillion won in surplus as of July 23, with reserve money appropriation funds registering 3.5311 trillion won in surplus. The overnight call rate settled at 2.686%, with trading volume at 15.0643 trillion won. The central bank reported that liquidity inflows remained steady, with money market conditions expected to show intraday surplus conditions in the repo market.

Foreign investors made net purchases exceeding 4 trillion won over four consecutive trading days as of July 23, according to market data, with individual traders' selling pressure being absorbed by foreign buying interest. The continued foreign inflow has supported upward pressure on the index amid ongoing market dynamics.

Uniswap governance is reviewing a proposal that would route protocol fees from Optimism pools toward UNI token burns, according to the official proposal forum. The mechanism would test a more direct connection between deployment-level activity and token economics by applying the burn strategy to Optimism-specific pools rather than the entire Uniswap protocol, allowing UNI holders to examine the mechanics without rewriting the full system.

According to Sui's update, the blockchain began testing confidential transactions on devnet on June 8, 2026. The feature hides transaction amounts and balances while keeping sender and recipient addresses visible for auditability, targeting enterprise and financial applications without providing full anonymity. Mainnet implementation remains pending pending performance, security review, and developer feedback.

According to CNBC and Statista, Ripple was included in the World's Top Fintech Companies 2026 on July 22, with 40 digital asset companies among the 500 honorees representing 8% of the list. The recognition reflects Ripple's institutional expansion, including EU Markets in Crypto-Assets (MiCA) compliance for regulated digital asset services, a partnership between DBS and Franklin Templeton integrating RLUSD with a tokenized money-market fund on the XRP Ledger, and inclusion in T. Rowe Price's act

According to ChainCatcher, SecondFi reported that 374 wallets had approximately 16.1 million ADA (roughly $2.6 million) stolen between June 21 and June 23. The investigation identified two independent attackers: the primary attacker is suspected to be North Korea-linked hacking group Lazarus Group with sophisticated techniques and well-funded operations; a second attacker simultaneously targeted different wallets with no overlap between the two groups. The root cause was a cryptographic vulnerab

According to Jin10, HSBC maintained its "moderately bearish" view on Japanese government bonds on July 23. Justin Heng, the bank's Asia-Pacific rates strategist, noted that Japanese policymakers are seeking ways to encourage pension funds and retail investors to purchase more domestic bonds, though measures such as adjusting the Government Pension Investment Fund's asset allocation "may require time for coordination and approval" and could take until 2027 to implement. HSBC expects yields to ris

According to a Morgan Stanley software industry report released on July 21, the software sector has underperformed the Nasdaq by 40% and the S&P 500 by 30% over the past two years. Morgan Stanley stated that market concerns over AI disruption have been overpriced and maintained an "attractive" rating on the software industry.

According to Hyperinsight, a GOOGL long whale account (0xC8b) accumulated an additional 38,800 contracts worth $13.56 million between 10 p.m. on July 22 and 4 a.m. on July 23, at an average price of $349.28 per contract. This followed an earlier accumulation disclosed by the monitoring platform.

According to the Korea Exchange, the KOSPI index rose 169.28 points, or 2.49%, to 6,966.98 as of 11 a.m. local time on July 23. The benchmark equity index opened 165.65 points higher at 6,963.35 and fluctuated around the 7,000-point level amid gains in technology stocks.

According to ChainCatcher, on-chain analyst Ai Yi detected a tracked address accumulated 2,657 ETH valued at $5.14 million 10 hours ago, with an average entry price of $1,935 per token. This marks the address's new trading position following a previous profitable wave-trading exit in April.

According to Bitget's official announcement on July 23, the exchange has launched perpetual contracts for three stocks: SHAZ (SharonAI), SOFI (SoFi Technologies), and PENG (Penguin Solutions). The contracts are USDT-settled with support for up to 20x leverage and 24/7 trading. Bitget now supports a total of 246 stock contract instruments.

According to ANZ Bank economist Krystal Tan, South Korea's July inflation expectations and consumer price data due next week and early August will likely be key to the central bank's August rate decision. Tan stated that stronger-than-expected second-quarter GDP growth has increased the probability of consecutive rate hikes, though August's decision remains difficult. If the inflation data indicates stronger transmission effects and rising price expectations, the case for August rate hikes would

According to Stephen Parker, global investment strategy co-head at JPMorgan Private Bank, in a CNBC interview, concrete signs of returns from AI investments are emerging, with companies heavily investing in AI seeing profit margin expansion outpace the S&P 500 overall. Parker noted that nearly 90% of companies beat earnings expectations in Q1. The market is experiencing healthy sector rotation beyond "Big Tech Seven" and hyperscalers, with industrials, utilities, and financials showing strong pe

Gate News message, BSquared Network has been exploited with 8.59 million B2 tokens valued at $3.86 million stolen. The exploiter sold all 8.59 million B2 tokens for 5,409 BNB worth $3.01 million. The funds were subsequently bridged to Ethereum, converted into ETH and USDT, and deposited into NEAR Intents and HOT Protocol.

According to Jin10, Shanghai gold traded at 897.7 yuan per gram on Thursday (July 23) morning, a premium of 2.08 yuan per gram above the international gold price of 895.62 yuan per gram.

According to SoSoValue data, crypto markets experienced a pullback today (July 23) following consecutive rallies, with the SocialFi sector declining 2.73% in 24 hours. Gram (GRAM) fell 2.74% within the sector. Meanwhile, the RWA sector gained 1.63%, led by RE's 15.19% surge, while the NFT sector climbed 1.88%, with Audiera (BEAT) up 5.78% and APENFT (NFT) rising 1.23%.

According to ChainCatcher, UPBIT launched trading for o1.exchange (O) on July 23 at 15:00, supporting KRW, BTC, and USDT markets. Users can deposit within two hours after the official announcement.