Gate Crypto Flash News and Market Updates

According to the Korea Securities Depository, Korean retail investors made net purchases of $2.975 billion in U.S. stocks from July 1-22, marking the largest amount in five months. The buying surge was driven by weakness in the Korean won, which fell to 1,466.8 won per dollar as of July 23, compared to a 15-year high of 1,555.8 won on July 2, and increased volatility in the domestic KOSPI index. The capital inflows heavily concentrated in high-risk leveraged products, particularly the SOXL 3x le

According to BIT data, on July 23, SpaceX (SPCX) stock dropped 2.7% to $110.85, marking a record low since its IPO. The decline comes as investors focus on the company's upcoming Starship Flight 13 launch, scheduled for July 24, 6:45–8:15 a.m. Beijing time. The previous launch attempt on July 17 ended with an automatic abort approximately one second after ignition.

Swap market pricing shows a 100% probability of the Bank of England increasing rates by 51 basis points by year-end, the first upward revision since July 14, up from Wednesday's forecast of 44 basis points. This reflects strengthened market expectations for prolonged tight monetary conditions as oil prices remain above $100 per barrel. Market participants now expect cumulative rate hikes of 75 basis points by April 2027. The UK 10-year gilt yield rose 8 basis points to 5.11%.

The U.S. Securities and Exchange Commission (SEC) will hold a roundtable discussion on September 17, 2026, to discuss matters related to 24-hour trading.

According to Onchain Lens, a whale on Hyperliquid today holds 122,000 SPCX with approximately $1.8 million in unrealized losses, as SPCX declined 9.36% to $111.29. The whale's average entry price was $126.04 per token, resulting in a loss of $14.75 per unit. The position is valued at approximately $13.58 million.

According to on-chain analyst Ai E (via ChainCatcher), whale jasonleo closed a 2,741.712 BTC short position worth approximately $178 million 1 hour ago, realizing a profit of $2.263 million. The whale subsequently opened a 2,015.916 BTC leveraged long position (4x leverage) valued at approximately $131 million, with an entry price of $64,983.34 per BTC.

According to CNBC on Thursday, Google Cloud CEO Thomas Kurian said existing customers are spending roughly 50% more than their committed spending levels, driving strong cloud segment growth in Q2. Kurian attributed the performance to the company's product portfolio differentiation and go-to-market execution strength, which have resulted in both top-line and operating income growth.

Crude oil and styrene futures rose over 3.2% during overnight trading on July 23, while low-sulfur fuel oil, pure benzene, and asphalt gained over 2%. Hot-rolled coil fell over 0.3%, iron ore dropped about 0.5%, and soda ash declined approximately 0.8%.

On July 23, Israeli cities opened public shelters in response to potential Iranian missile attacks, amid escalating military tensions between the United States and Iran.

The Kansas City Federal Reserve's Manufacturing Composite Index fell to 9 in July, below consensus expectations of 12 and the prior month's reading of 11.

According to Jin10, Russia's Defense Ministry warned on July 23 of maritime safety hazards in its Black Sea exclusive economic zone amid escalating Ukrainian attacks on vessels. The warning, issued via the Defense Ministry's weekly briefing, cited threats from Ukrainian unmanned aerial and naval systems. Ukrainian forces have intensified attacks in recent weeks; according to Ukraine's General Staff, at least 124 Russia-linked vessels were targeted between July 8 and July 20, including 89 tankers

According to U.S. President Donald Trump on July 23, Houthi militants face imminent large-scale military retaliation if they resume attacks on Red Sea shipping, following their assault on two Saudi tankers overnight. In a Truth Social post, Trump stated that the Houthis had previously demonstrated responsible behavior but escalated by targeting Saudi vessels, violating the maritime blockade. Trump emphasized that the Houthis act as Iranian proxies and warned the U.S. would hold Iran accountable

The Kansas City Federal Reserve's Manufacturing Output Index fell to 17 in July, down from 19 in June. The index, which measures regional factory production activity, declined by 2 points month-over-month.

AMD unveiled its first rack-scale AI system, called Helios, on July 24, directly challenging Nvidia's Vera Rubin platform in the data center market. The Helios system integrates AMD's Instinct MI455X GPU, sixth-generation EPYC "Venice" processors, Pensando networking technology, and the ROCm software platform to deliver a complete AI infrastructure solution for training and inference workloads. Separately, AMD announced it will supply up to 2 gigawatts of Instinct MI450 AI chips to AI startup An

According to BIT trading data, on July 23, Nasdaq-100 index fell 2% during intraday trading, while the broader S&P 500 declined 1.3%. The Nasdaq Composite also dropped over 2.3%.

According to Odaily, the U.S. House of Representatives passed an Iran War Powers Act resolution for the second time on July 23, demanding President Trump halt military operations against Iran. The vote tally was 214 in favor and 208 opposed, with four Republican members voting alongside Democrats in support of the resolution.

According to Odaily, Ave.ai has fully integrated with Stable chain, becoming the first platform to comprehensively support on-chain trading on the network. Users can now view real-time market data and on-chain information for all Stable chain tokens directly within Ave.ai and complete cross-chain swaps, flash trades, and other operations.

Gate News message, the cryptocurrency sector has witnessed 17 major shutdowns and bankruptcies since the beginning of 2026. According to available data, the affected projects and companies had collectively raised at least $8.9 billion in disclosed funding prior to their shutdowns or bankruptcy filings. The acceleration of closures marks a notable trend in the industry this year.

On July 23, Emirates issued an apology after EK302, originally scheduled to depart Dubai for Shanghai on July 22, made an emergency diversion to Hangzhou due to severe weather conditions. The aircraft subsequently experienced technical issues, leading to extended delays. According to reports, passengers remained trapped in the cabin for over 10 hours.

According to Grayscale's latest assessment, the crypto asset manager outlined two divergent scenarios for Bitcoin's price bottom. If the four-year cycle theory holds based on historical patterns, Bitcoin could bottom in September or October, with past cycles showing price floors forming approximately one year after market peaks. Alternatively, Grayscale noted that if macroeconomic factors take precedence—with a strong U.S. economy and no further Fed rate hikes—Bitcoin may have already bottomed o