Gate Crypto Flash News and Market Updates

According to Politico, nearly 200 Silicon Valley startups issued a joint letter to President Trump on July 25 urging the U.S. government to avoid broad restrictions on American access to Chinese artificial intelligence models. The startups, organized under a newly formed "Small Tech Association," warned that sweeping restrictions could stifle the next generation of American companies and hand competitors a monopolistic advantage. Many early-stage startups rely on lower-cost Chinese AI models to

According to Guru Club, Hyundai Motor Group's Executive Chairman released an embodied artificial intelligence vision at the San Francisco AI Summit on July 25.

According to Indonesian media, a speedboat carrying 11 foreign tourists went missing on July 25 in waters near Gorontalo Province in eastern Sulawesi. Search and rescue teams have launched operations to locate the vessel.

According to Shenzhen News Network, Chinese regulators including the People's Bank of China Shenzhen branch, China Securities Regulatory Commission Shenzhen office, and the Shenzhen Internet Information Office launched a joint enforcement action on July 25 to remove unauthorized social media accounts. The targeted accounts engaged in two types of violations: promoting virtual currency trading and investment schemes that induce public participation in illegal cryptocurrency activities, and conduc

According to Grayscale Investments, the U.S. CLARITY Act must clear the Senate within two weeks before the August recess, or it will likely be sidelined by midterm election politics. On July 22, Senator Cynthia Lummis released updated legislative text integrating proposals from the Senate Banking and Agriculture committees to clarify oversight division between the SEC and CFTC. Ethics restrictions covering public officials and their families remain the primary obstacle to bipartisan agreement. S

According to BlockBeats, on July 25, Samsung Electronics and SK Hynix reached an agreement with global tech giants including Nvidia to launch cooperation projects valued at $9.5 billion, as confirmed by South Korea's Presidential Chief Policy Officer Kim Yong-beom. SK will supply high-performance semiconductors worth $7.5 billion to global tech enterprises including Nvidia under the long-term deal.

According to BlockBeats, Samsung Electronics and Broadcom signed a memorandum of understanding on July 25, establishing a five-year advanced memory chip manufacturing agreement valued at $200 billion. The deal covers the production of cutting-edge storage chips under the partnership.

According to BlockBeats, at the White House Correspondents Dinner on July 24, U.S. President Trump joked that he intended to run for a fourth presidential term, saying "I'm thrilled to announce my intentions—this is an exclusive scoop—I'm running for president of the United States for the fourth time, and I'll do it." Trump added that it "should be easy" since he was "getting better" at running for president. During the same segment, Trump repeated his claim that he "actually won the 2020 electi

According to Coinglass data reported by ChainCatcher, the Crypto Fear & Greed Index dropped to 26 on July 25, down 1 point from the previous day and now in panic territory. The 7-day average stands at 28, while the 30-day average is 22.

According to Newsis citing a Korean presidential advisor, South Korea is advancing collaboration with SK Telecom and Nvidia to build an AI data center equipped with 2 million GPUs.

According to BenchLife, NVIDIA issued a price increase notice to downstream GPU manufacturers this week for its GPU package bundles, affecting both GDDR7 and GDDR6 memory chips across multiple RTX generations. The increases are driven by rising memory chip costs. Retail prices reflect the impact: a 16GB GDDR7 RTX 5070 Ti reached 10,745 yuan Friday afternoon from 9,299 yuan Thursday, marking a roughly 15% jump within 24 hours. An 8GB RTX 5050 surged over 40% in a single week, climbing from around

According to BlockBeats, Poolin Technology Pte. Ltd. and its two U.S. subsidiaries, Lonestar Dream and Lonestar Taproot, filed for Chapter 11 bankruptcy protection on July 22 in New Jersey. Court documents show total liabilities of approximately $173.1 million against assets of less than $10 million, with creditors numbering between 10,000 and 25,000. The largest single debt, approximately $163.7 million, stems from claims by roughly 11,700 Poolin Wallet users. This obligation originated in Sept

According to Caixin, an inner Mongolia intermediate court upheld a conviction against Ma and four co-defendants in a case involving illegal payment settlement for online gambling operations. From May 24, 2022 to October 18, 2023, the five defendants processed over 29.5 billion yuan in settlements through 105 merchant accounts across 10 third-party payment companies, collecting commissions and rebates in USDT and other virtual currencies alongside bank transfers. The court found Ma guilty of ille

According to Jin10, Houthi militants claimed on July 25 to have struck Saudi Arabia's southern city of Jizan with missiles. Saudi Arabia's civil defense authority issued security alerts to residents in Jizan and the Red Sea coastal city of Yanbu, then announced the all-clear minutes later. The Houthi group previously announced on July 20 a maritime embargo against Saudi Arabia and warned international shipping companies that vessels engaged in trade with Saudi ports could face military action.

According to Goldman Sachs, Intel raised its 2026 capital expenditure guidance from approximately $17 billion to over $20 billion following better-than-expected second-quarter earnings, signaling a major investment cycle in advanced chip manufacturing and AI infrastructure. Intel reported Q2 revenue of $16.1 billion, up 25% year-over-year—marking the company's highest single-quarter growth in 15 years. Its Data Center and AI business delivered $6.26 billion in revenue, surging 59% annually. Gold

According to Foresight News citing SoSoValue data, Bitcoin spot ETFs recorded net outflows of $240 million on July 24 (U.S. Eastern Time). BlackRock's IBIT led the decline with $212 million in daily net outflows, while Fidelity's FBTC followed with $27.9 million.

Gate News message, a whale wallet has supplied $39.2M worth of assets to @Aave and enabled them as collateral over the past 2 hours. The current Aave position shows 18K $ETH (~$33.4M) supplied and 5.78M $USDC supplied. The wallet currently has $0 borrowed against its collateral.

According to the Korea Financial Investment Association and data from the Korea Securities Depository's Save-ro portal, Korean retail investors' net purchases of U.S. stocks surged 4x from the previous month during July 1-23. Meanwhile, South Korea's domestic stock market triggered circuit breakers in 10 consecutive trading days, prompting investors to shift focus to U.S. equities.

According to The Defiant, Joseph DeLong, former CTO of SushiSwap, plans to launch Deepstate, a decentralized exchange, on Robinhood Chain next week. Deepstate features a fully on-chain limit order book design with orders and matching data stored in smart contracts. The specific launch date, trading pairs, fees, and token details have not yet been disclosed.

According to Foresight News, LONG co-founder Nate announced the protocol is injecting 25% to 50% of protocol fees into liquidity daily to enhance LONG asset liquidity. The protocol will ultimately hold permanently locked liquidity for community benefit, with no redemption mechanism available. Further expansion to additional assets will be announced on the LONG dashboard following verification.