Gate Crypto Flash News and Market Updates

U.S. Secretary of State Marco Rubio stated that new proposals and ideas need to be found to reach an acceptable agreement with Ukraine. Rubio's remarks reflect ongoing diplomatic efforts regarding the conflict.

According to AMBCrypto, WLFI, the Trump-linked cryptocurrency project, dropped over 5% to $0.0513 following the CLARITY Act amendment introducing stricter ethics rules for high-profile public officials' crypto asset ownership. The sell-off pushed the token back to price levels last seen in early May. On-chain data tracked by Deep Blue Alpha reveals significant whale activity deterioration. Over the past 30 days, 163 WLFI whale wallets recorded $12.72 million in inflows versus $13.25 million in o

According to Yonhapnews, Hyundai Motor's union announced on July 23 that it will conduct daily 4-hour strikes from July 29 to 31. The Metal Workers' Union's Hyundai Motor chapter made the decision at a central dispute committee meeting. This follows earlier strikes on July 13-15 (2 hours daily) and July 20-22 (4 hours daily). The union and company remain at odds over wage increases, bonus raises, reinstatement of dismissed members, and retirement age extensions.

According to Yonhap Infomax, on July 23, the JPY/KRW exchange rate broke below 900 won for the first time in approximately 20 months, trading at 898.90 won per 100 yen as of 2:38 p.m. The rate hit a low of 898.41 won near noon. This marks the first time the pair has fallen below the 900 won level since November 21, 2024, driven by sustained Korean won strength. Meanwhile, the USD/KRW rate declined from a high of 1,559.20 won on July 1 to the 1,460 won range, reflecting dollar-selling pressure an

According to the Securities Times, China's Ministry of Commerce announced on July 23 that it will accelerate the revision and issuance of regulations governing foreign investors' mergers and acquisitions of domestic enterprises, as part of its efforts to enhance foreign investment attraction in the second half of the year. The ministry also plans to deepen opening-up in sectors including value-added telecommunications, biotechnology, and foreign-invested hospitals.

According to the Financial Investment Association, investor deposits on South Korea's stock exchange dropped to 103.88 trillion won as of July 22, marking the lowest level in five months. The decline of 2.82 trillion won in a single day represents the sharpest pullback since February 13, when deposits stood at 99.27 trillion won.

US Secretary of State Marco Rubio said on July 23 that Iran is not prepared to reach an agreement. Rubio warned that Iran will face consequences, with the cost increasing daily until Iran "comes to their senses." His remarks signal escalating US pressure in ongoing negotiations.

According to CryptoQuant analyst Axel Adler Jr., on July 23, U.S. spot bitcoin ETF weekly net inflows rebounded to $439 million, marking the first significantly positive figure since May. The Coinbase premium index narrowed to -0.042 after trading negative for 78 consecutive days, rebounding approximately 80% from its February low of -0.229. These dual improvements suggest American spot demand is recovering from peak pressure, with the funding discount shrinking substantially though not yet elim

According to Newsis, South Korea's KOSPI index closed at 7,096.89 on July 23, up 299.19 points or 4.4%, reclaiming the 7,000 level for the first time in five trading days. The rally was driven by Google parent Alphabet's better-than-expected second-quarter earnings and capital expenditure guidance, which renewed confidence in artificial intelligence infrastructure investment and data center expansion. Foreign investors led the rebound, recording net purchases of 2.148 trillion Korean won. Over f

Wai Fai Enterprises (00622) reported today that first-half 2026 profit is expected to exceed HK$150 million, representing 59% year-on-year growth, primarily driven by increased revenue and higher profit contributions from associated companies. The stock surged 16.9% to HK$2.49 as of 3:49 p.m., with intraday highs reaching HK$2.52, trading HK$146 million in volume.

According to China's Ministry of Commerce, on July 23, the government will guide foreign investors toward advanced manufacturing sectors including organic polymers and magnetic levitation propulsion equipment, as well as emerging services such as humanoid robot research and premium shipping services. The ministry also announced incentives to direct foreign capital toward central, western, and northeastern regions.

According to market pricing on July 23, the European Central Bank is expected to raise interest rates twice by the end of 2026 at 25 basis points per hike, with market probability at 100%. Market participants are also increasing bets on Bank of England rate hikes, with 100% probability priced in for 75 basis points of cumulative increases by mid-2027.

According to Jin10, Shanghai Gold's afternoon fix on July 23 was 896.63 yuan per gram, trading 5.38 yuan above the international gold price of 891.25 yuan per gram.

According to credit rating agencies, in H1 2026 regular assessments, none of the 14 major South Korean petrochemical companies received credit rating upgrades, marking a comprehensive failure in credit recovery. LG Chem's rating fell from AA+ to AA, while Yeochen NCC dropped from A- to BBB+, and SK Advanced Chemical declined from BBB+ to BBB. Lotte Chemical's rating remained unchanged but its outlook shifted from stable to negative. The downgradings reflect disadvantages in raw material procurem

German 10-year government bond yields (Bunds) reached 3.2014% on July 23, marking the highest level since 2011. The yield surge reflects recent monetary policy shifts and broader European fixed-income market movements.

According to Jin10, World Metals and Alloys Limited (WMA FZC) announced on July 22 that it is suspending production at its Emang and Boskop mines effective immediately, citing deteriorating market conditions. The company is also reducing exports by more than 60% from previous levels. The measures are in response to current production levels becoming economically unviable.

According to Goldman Sachs' latest global outlook, global stock markets fell approximately 2% last week, with technology stocks sliding 5% amid momentum unwinding and profit-taking. Japan, South Korea, and Taiwan experienced steeper declines of 3% to 9%. Goldman's strategy team warned that the artificial intelligence capital expenditure boom is accumulating risks; if large-cap tech companies' profitability declines before AI returns materialize, equities face a double hit. The bank's long-term p

According to China's Ministry of Commerce (as reported by Xinhua News Agency), China and the U.S. are soliciting opinions on tariff reduction arrangements and will expedite implementation. The announcement was made on July 23.

According to an official announcement on July 23, Binance Wallet will open Alpha airdrop claims tonight at 7 PM. Users holding at least 256 Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the campaign ends.

Spot gold fell below $4,100 per ounce today, declining 0.73% intraday.