Gate Crypto Flash News and Market Updates

Repsol CEO expects the Spanish energy company's daily production to reach 650,000 to 700,000 barrels of oil equivalent (BOE) by year-end, according to the executive's statement.

According to S&P Global Energy, war risk insurance premiums for tankers in the Strait of Hormuz surged from 1%-3% to 7.5%-10% on July 23 as repeated attacks discourage insurers from providing coverage. Only 10 vessels transited the strait on Tuesday, compared to over 130 daily before the Middle East conflict, as some operators avoid the route.

Bitget announced it has completed registration with New Zealand's Financial Service Providers Register (FSPR), enabling services in foreign exchange, cross-border remittance, asset custody, portfolio management, and execution of stocks and ETFs. The exchange has also joined New Zealand's Incorporated Societies Financial Ombudsman Services (IFSO) dispute resolution scheme to provide independent dispute handling for users.

Moonshot AI's flagship open-source model Kimi K3 is now available on B.AI Web Chat as of today (July 23). The move lowers the barrier to entry following B.AI's earlier API integration. Users can now experience the first open-source 3-trillion-parameter model's capabilities in long-context programming, complex reasoning, and deep knowledge work directly through the web interface.

According to China Meteorological Administration, a tropical depression east of the Philippines is forecast to develop into Typhoon Honxia (the 12th typhoon of the year) within 12 hours as of July 23 afternoon. The system is currently located at approximately 17.4°N, 127.5°E, with maximum sustained winds of 7 level (15 m/s) and minimum central pressure of 1000 hPa. Intensity is expected to strengthen to 12-13 level (33-40 m/s) before making landfall along the coast between Zhuhai, Guangdong and

According to EU Commission President Ursula von der Leyen, EU member states reached a political agreement on the 21st package of sanctions against Russia on July 23. The announcement was made via social media by the Commission president.

The National Futures Association permanently barred Hardee Brothers LLC and its principal, Sidney Curtis Hardee, in January 2026 after alleging the commodity pool operator misled regulators about accepting outside investors and misappropriated nearly $110,000 of customer funds. The investigation began following a complaint from an investor who invested $500,000 in late 2021 but could not obtain redemption of $45,000 by 2024. NFA found that between 2021 and 2025, Hardee Brothers falsely reported

Market sources reported that South Korean energy company S-OIL canceled a diesel tender for approximately 300,000 barrels this week.

Honeywell reported second-quarter sales of $9.72 billion with adjusted earnings per share of $4.52. The company revised its full-year 2026 sales guidance to $198-200 billion from a prior range of $199-202 billion, while raising organic sales growth expectations to 3-4% from 2-3%. Free cash flow guidance remains unchanged at approximately $20 billion. Honeywell shares rose over 1% in pre-market trading.

According to BlockBeats, Tesla reiterated today (July 23) that it forecasts annual capital expenditure exceeding $25 billion, with market estimates at $25.09 billion.

Honeywell reported second-quarter revenue of $9.72 billion with adjusted earnings per share of $4.52. The conglomerate lowered its full-year 2026 revenue guidance to $19.8–20 billion from a prior forecast of $19.9–20.2 billion, while raising its organic sales growth outlook to 3–4% from 2–3%. Free cash flow guidance remained unchanged at approximately $2 billion. Honeywell shares rose over 1% in premarket trading.

The People's Bank of China will conduct a 500 billion yuan Medium-term Lending Facility (MLF) operation on July 24, 2026, with a one-year maturity, according to the central bank's announcement. The operation will use fixed quantity, interest rate tender, and multiple price bidding methods to maintain ample liquidity in the banking system.

According to Jefferies, Meta's smart glasses hardware business could generate $140–180 billion in revenue over the coming years, the research firm said on July 23. The firm maintained its "buy" rating on Meta with a $825 price target.

The European Union Commission has ordered Google to fairly treat competitors and allow app developers to direct users away from its app store within a 60-day timeframe. The directive requires Google to comply with competition regulations by enabling alternative distribution channels and preventing anti-competitive practices within its platform ecosystem.

Comcast reported second-quarter revenue of $29.94 billion, exceeding consensus expectations of $29.3 billion. Adjusted earnings per share came in at $1.04, beating forecasts of $0.97. The company's streaming platform Peacock achieved profitability for the first time on a quarterly basis.

According to Bloomberg, the European Union fined Google €460 million today for its search business and €430 million for Google Play Store, totaling €890 million in penalties.

According to Yonhapinfomax, on July 23, South Korea's interest rate swap (IRS) rates rose across all tenors. The 1-year IRS rate rose 0.25 basis points to 3.4775%, the 5-year climbed 1.00 basis point to 4.0925%, and the 10-year increased 1.00 basis point to 4.2175%. Market dealers noted mixed sentiment regarding an expected rate hike in August. One dealer said "overnight trading was strong but afternoon weakness emerged," adding that most market participants view an August hike as uncertain. Ano

The UK Confederation of British Industry's industrial price expectations index fell to 11 in July from 22 in the previous month, according to the latest CBI data released today.

The UK CBI industrial orders index came in at -45 in July, unchanged from the previous month's reading of -45, according to the Confederation of British Industry.

According to Bitwise CIO Matt Hougan, the crypto market has shown signs of bottoming since July 1, with Bitcoin rising 9% while the Nasdaq 100 index declined 6%. ETF capital flows have turned positive, signaling improving market sentiment. Hougan highlighted Hyperliquid (HYPE) and Robinhood (HOOD) as key assets to monitor in the next bull market, citing them as exemplars of bridging traditional finance and cryptocurrency.