Gate Crypto Flash News and Market Updates

According to Morgan Stanley, SpaceX stock fell to $110.85 earlier this week, down 18% from its $86 billion IPO price in mid-June, suggesting investors are assigning minimal or no value to the company's AI business. An August 6 lockup expiry will allow 911.5 million shares held by early investors and executives to become eligible for trading, with another 455.8 million shares potentially unlockable under certain conditions. Large share unlocks typically increase volatility as investors anticipate

According to TechCrunch, Bluesky added a new feature called Quests to its AI assistant Attie yesterday (July 24). The tool enables users to ask open-ended questions across Bluesky and other apps built on the AT Protocol to discover news, trends, and influential accounts. Attie operates as a standalone app whose custom feeds can later be integrated into Bluesky or other AT Protocol clients.

According to Korean media Kyunghyang Finance, SK Group chairman Chey Tae-won met with NVIDIA CEO Jensen Huang on July 24 in California ahead of an AI summit to discuss next-generation memory development and AI infrastructure investments, reinforcing their long-term partnership. SK Hynix CEO Kwak No-jung and executives from SK Telecom and NVIDIA attended the dinner. The meeting builds on AI cooperation discussions from Huang's June visit to Korea. SK Hynix will co-develop next-generation HBM memo

According to Reuters, Meta launched Seller on July 24, a standalone app for Facebook Marketplace sellers in the US. With 430 million items listed globally each month on Marketplace, the app aims to provide direct competition with eBay. Seller syncs with existing Marketplace accounts, preserving current listings, messages, and sales history. The app includes AI tools for creating listings, a unified inbox for buyer messages, inventory management, and performance insights. Meta said the app is ava

According to Odaily, Across Protocol released a post-incident security report on its Solana relayer attack. Attackers exploited an off-chain event reader vulnerability to forge 1,627 fake deposits totaling approximately $41.7 million. Before the protocol halted Solana services, the relayer advanced about $4.5 million for 581 of those deposits, while the remaining $37 million in fraudulent charges became void. The protocol confirmed no smart contract vulnerabilities were involved and all user tra

According to the U.S. Centers for Disease Control and Prevention (CDC), a large multistate cyclospora outbreak linked to iceberg lettuce has expanded to nine states. The outbreak newly spread to Illinois, Kansas, Oklahoma, and Pennsylvania, joining Indiana, Kentucky, Ohio, West Virginia, and Michigan. The CDC reported thousands of cases, marking the largest cyclospora outbreak recorded in the U.S. this year, significantly exceeding the typical annual count of 200–1,000 cases.

According to Xinhua News Agency, China's State Administration for Market Regulation fined Ctrip 5.179 billion yuan on July 25 for abusing its dominant market position in online hotel booking services. The penalty includes 1.658 billion yuan in confiscated illegal gains and 3.521 billion yuan in fines, plus 122 million yuan in mandatory refunds to hotel operators. The regulator found that Ctrip violated antitrust law by enforcing exclusive cooperation agreements and imposing "lowest price across

According to E-Daily, Highland EP-held South Korean medical display maker D&I is seeking buyers with an expected valuation of 450-500 billion won, nearly triple its 172.7 billion won acquisition price in July 2024. The preliminary bid process attracted over five private equity firms including Skylake Equity Partners and Eum Private Equity. The company is projected to generate approximately 450 billion won in EBITDA for 2026, translating to a valuation multiple of roughly 10-11x. D&I manufactures

According to market analysts including Evercore and Morgan Stanley, memory semiconductor stocks fell sharply on July 24 (local time), reversing most gains from the previous week. Despite the price decline, Wall Street experts maintain a bullish long-term outlook. Evercore's Amit Daryanani told CNBC that memory supply-demand imbalances will intensify next year and spread across the broader semiconductor ecosystem, driven by a shift in AI development from training to inference workloads. Morgan St

According to Bloomberg, on July 24, Nvidia announced a $1 billion investment in South Korea's Naver Corp. to fund an AI data center being constructed with Brookfield Corp. The investment will more than triple the facility's size. The project centers on Naver's GAK Sejong campus, which initially had a 55-megawatt capacity with a roadmap to reach gigawatt scale by 2029. Nvidia is also working with SK Group on more than 2 gigawatts of AI data centers on the Korean Peninsula, with the first facility

U.S. President Donald Trump confirmed on July 25 that Israeli Prime Minister Benjamin Netanyahu will visit Washington next week. The announcement comes amid ongoing discussions between the two nations.

According to the Associated Press, the U.S. military on Friday opened fire on a commercial vessel attempting to breach its blockade of Iranian ports in the Gulf of Oman. The strike disabled the M/T Lavine tanker.

According to Seoul Economics, Samsung Electronics and 17 affiliated companies, including Samsung C&T and Samsung Biologics, launched recruitment for approximately 12,000 new employees between July 10-17, 2026. The expanded hiring follows increased profitability across major subsidiaries driven by global AI infrastructure investment expansion. Candidates will undergo job fit evaluation (March), GSAT testing (April), and interviews (May), with separate assessments for software and design roles.

According to Press TV, a major explosion occurred in Yanbu, a Saudi port city, as the Kingdom continued its military operations against Yemen.

According to ChainCatcher, trading platform Dango announced it will cease operations, citing an inability to achieve sustained commercial success. Trading will halt at 20:00 Beijing time on July 29 (12:00 UTC), with remaining positions liquidated at oracle prices and all funds returned to users in USDC. The Dango L1 blockchain will shut down at 20:00 Beijing time on August 13 (12:00 UTC). Users are advised to withdraw funds immediately, as liquidity is expected to be thin. Any deposits not withd

According to Jin10, on July 24, 82 of 125 International Criminal Court member states voted to dismiss prosecutor Karim Khan following allegations of serious misconduct and gross neglect of duty. The Assembly of States Parties convened at the United Nations headquarters in New York to conduct the vote, with Khan removed from office by the required majority.

According to ChainCatcher, on-chain analyst Ai Yi detected that a trader opened a 40x leveraged long position with 603.71 BTC valued at $38.67 million last night at 10:30 PM, with an entry price of $64,469. The position is currently down $259,000. The same address also placed limit buy orders totaling $31.44 million between $63,500 and $63,674, which if fully executed would bring the total position to $70.11 million. The address primarily uses short-term strategies with positions typically held

According to Moody's Investors Service, a report released this week warns that artificial intelligence infrastructure spending is eroding free cash flow at hyperscale companies including Alphabet, Microsoft, Amazon, and Meta, while increasing balance sheet risks. The rating agency's research tracked six companies and flagged that stock sell-offs and off-balance-sheet financing operations threaten these firms' credit quality. Despite the warning, Moody's noted that Microsoft, Alphabet, Amazon, an

According to Iran's Press TV, Yemeni forces launched missile and drone attacks on the Saudi city of Jizan, triggering fires in the targeted area.

According to Seoul Economic Daily, South Korea's Financial Services Commission will announce housing finance measures on July 30, lowering the public guarantee ratio for jeonse loans (long-term deposits on rental properties) from 80% to 70% in the capital region and regulated areas. Group loans for redevelopment relocation costs will be treated as exceptions to overall household lending growth targets of 1.5% annually. Capital region redevelopment projects show significant housing supply potenti