Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
04:10

SpaceX Falls to $113.50, Erases $1.2 Trillion Since June Peak as Cathie Wood's ARK Buys Dip

On Monday, SpaceX (SPCX) shares fell to $113.50, erasing more than $1.2 trillion in market value since the June peak of $225.64, as Cathie Wood's ARK Investment Management bought 124,543 shares across four ETFs. ARK's flagship Innovation ETF (ARKK) purchased 78,031 shares, while ARK Autonomous Technology & Robotics (ARKQ) added 25,442. ARK Next Generation Internet (ARKW) and ARK Space & Defense Innovation (ARKX) contributed smaller positions. SpaceX faces two major near-term catalysts: its first
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04:09

KORU ETF Plunges 15% Overnight Amid Global Chip Selloff and China Competition Fears

The Direxion Daily South Korea Bull 3X Shares (KORU), a leveraged exchange-traded fund tracking 3x the daily performance of the MSCI Korea Index, plunged over 15% in the overnight session on Monday (July 28) due to a global chip selloff fueled by AI spending sustainability concerns. The KOSPI fell over 10% after being halted earlier in the day, driven by declines in Samsung Electronics and SK Hynix, which together comprise more than half of the index. Reports that a Chinese state-backed company
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04:05

Bank of America Says Fed Should Avoid Responding to Energy Supply Shocks

According to Bank of America, on Monday (July 27), the bank stated that the Federal Reserve should avoid responding to energy supply shocks, describing such inaction as a 'textbook policy choice.' The assessment comes as Kalshi prediction market traders widely expect such shocks to be mentioned in upcoming central bank communications.
04:03

Binance Swap to Undergo Scheduled Maintenance on August 2 at 07:30 UTC+8

According to Binance's official announcement, Binance Swap will undergo scheduled system maintenance on August 2, 2026, at 07:30 (UTC+8). During the maintenance window, users will be unable to place new swap or limit orders, and existing recurring investment orders may be skipped due to the system upgrade. The maintenance is expected to be completed within one hour.
04:02

Applied Digital Stock Jumps 3% Overnight on Record Q4 Revenue of $258.7M

According to Stocktwits, Applied Digital Corp. shares jumped 3% in overnight trading on July 28 after the company reported Q4 revenue of $258.7 million, more than four times the prior-year quarter and well above analyst expectations of $95.32 million. CEO Wesley Cummins stated the company is actively marketing an additional 1.7 gigawatts of data center capacity across multiple states and expects this new capacity to command higher pricing, citing increased rental rates over the past six months.
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04:02

WTI Crude Falls to $80.91, Down 5.2% on July 28; Whale Posts $1.83M Profit on Short

According to Hyperinsight, on July 28, WTI crude oil mapping contract (xyz:CL) on Hyperliquid fell to $80.91, down 5.2% in 24 hours and off 13.4% from the July 24 peak of $93.44. The decline reflects easing geopolitical risk premiums as the U.S. pauses military strikes on Iran and diplomatic tensions cool, with expectations rising for resumed Middle East energy transport. Whale 0x60a8 emerged as a major beneficiary, holding 171,900 short contracts at 2x leverage worth approximately $13.91 millio
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04:02

Kalshi Traders Predict Fed Chair Wosh Will Mention 'Oil' With 74% Probability at This Week's FOMC Press Conference

According to Kalshi event contracts, traders predict Federal Reserve Chair Kevin Wosh will mention the word 'oil' with 74% probability during this week's FOMC monetary policy meeting press conference. Contracts also show over 50% probability he will mention 'shock.' As of Monday afternoon, the keyword prediction markets are among the most-watched on the prediction platform. Traders also expect the Fed to maintain current interest rate levels with nearly 75% probability.
04:01

Bitget Launches Phase 5 Futures Mining Campaign With 110,000 USDT Prize Pool

According to Bitget, the exchange launched its Phase 5 futures mining campaign from July 27 to August 9, featuring a total prize pool of 110,000 USDT. Users completing designated futures trading tasks during the campaign period can earn draw entries with a 100% win rate. The prize pool includes trial funds, vouchers, and popular token airdrops. Participants meeting cumulative trading day and volume thresholds can also unlock scratch card rewards, with up to 24 cards available per user.
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03:58

Trump Administration Limits International Students to 4-Year U.S. Stay; Report Projects Up to $400B Annual Economic Loss

The Trump administration's new rule limiting international students on F visas to a maximum 4-year stay in the United States, finalized July 16, could reduce annual economic output by up to $400 billion, according to a report released July 28 by Michael A. Clemens, economics professor at Johns Hopkins University and senior research fellow at the Peterson Institute for International Economics. The projected loss represents 0.7 percent to 1.3 percent of U.S. GDP, equivalent to the entire annual ec
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03:58

KOSDAQ Triggers Circuit Breaker After 8% Decline, First Halt in Two Months

According to the Korea Exchange on July 28, KOSDAQ triggered a circuit breaker around 12:01 p.m. today after plunging 8%. The index initially fell over 5% at market open, activating a sell-side side car, with losses accelerating throughout the afternoon. This marks the first circuit breaker on KOSDAQ since June 8, approximately two months ago.
03:58

SOON Completes Security Incident Review, Confirms No Protocol or User Asset Impact, RPC Restored

According to BlockBeats, Solana Optimistic Network (SOON) completed a security incident review on July 28, confirming no impact to the SOON protocol, sequencer, or user-facing smart contracts. No user fund losses were identified. The incident, first detected on July 12, originated from security misconfigurations in SOON's off-chain operational environment, with unauthorized access granted to an external attacker through improperly configured services. The incident affected only operational infra
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SOL-4.09%
03:56

95% of Asian IT Leaders Plan to Boost AI Spending, Survey Shows

According to a NielsenIQ survey commissioned by Alibaba Cloud, 95% of IT decision-makers across eight Asian markets plan to increase investment in AI products, with 99% calling AI a priority. Infrastructure-as-a-service spending is expected to see the strongest growth, with 69% of respondents indicating increases exceeding 20%, followed by 61% for platform-as-a-service and 58% for model-as-a-service. The survey covered Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Kore
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03:53

CNH HIBOR Rates Rebound on July 28, Overnight HIBOR Up 6 Basis Points to 1.25879%

According to Jin10, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) rebounded on Tuesday, with overnight HIBOR rising 6 basis points to 1.25879%, temporarily moving away from near two-month lows. One-week HIBOR held steady at 1.40000%, two-week HIBOR fell to 1.43379%, and one-year HIBOR edged up to 1.69364%.
03:50

Nikkei 225 Intraday Volatility Hits 2.5% in July, Driven by Korean Semiconductor Leverage ETF Trading

According to Nikkei Economic Daily, the Nikkei 225's intraday volatility reached 2.5% in July as of July 27, driven by heightened trading activity in Korean semiconductor leverage ETFs tracking Samsung Electronics and SK Hynix. The index experienced significant swings during the session, rising over 600 points at one point before reversing sharply. The elevated volatility marks an unusual pattern for Japanese markets. Intraday volatility exceeding 2% for three consecutive months is the first occ
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03:50

Anthropic Rejects Open-Weight AI Model Ban, Proposes Chip Controls and Distillation Restrictions Instead

According to Anthropic CEO Dario Amodei in a July 27 statement, the company opposes bans on open-weight AI models, including those developed in China, amid US government scrutiny of Chinese AI models used by American companies. Instead, Anthropic called for keeping advanced chips and chipmaking equipment out of China, curbing industrial-scale model distillation, and requiring safety testing for sufficiently capable AI models regardless of whether they are open or closed-weight.