Gate Crypto Flash News and Market Updates

According to The Kobeissi Letter, the S&P 500's net profit margin hit 15.7% in Q2 2026, the highest level since 2009, as Big Tech stocks drove a historic earnings rally. The benchmark index is expected to post 38% year-on-year earnings growth in the second quarter, the highest rate since Q3 2021, according to Chief Market Strategist Charlie Bilello of Creative Planning. Alphabet Inc. was the single largest margin contributor after significantly beating earnings estimates, reporting Q2 revenue of

According to Beating's monitoring, Meta Chief AI Officer Alexandr Wang announced at YC Startup School 2026 that the company will launch its Harness tool and continue releasing open-source models. Harness is an agent runtime framework that handles tool invocation, file read-write operations, and context management to enable models to complete complex tasks sequentially, similar to Claude Code.

According to Yonhapnews and major Korean securities firms, power equipment stocks are emerging as the next sector to lead the AI investment cycle. While power equipment stocks have adjusted relative to semiconductor shares, global manufacturers' earnings outlooks are being revised upward, analysts said on July 27. Firms including Mirae Asset Securities, KB Securities, and others forecast that increased power demand from expanding AI data center investments will support long-term profit growth in

According to Chaoyang Research, ChangXin Technology surged 471% on its July 27 debut on the Shanghai Stock Exchange's STAR Market, with market capitalization briefly exceeding 3.3 trillion yuan. Nomura Securities issued a buy rating the same day with a 116-yuan price target, implying over 12x upside from the 8.66-yuan offer price. The target reflects a 20x forward P/E on Nomura's 2028 EPS estimate of 5.8 yuan, valuing the company at 7.76 trillion yuan. Nomura highlighted structural DRAM demand g

According to the Bank of Korea, resident foreign currency deposits reached $113.33 billion at the end of June, up $1.08 billion from May, marking the third consecutive month of growth. The increase was driven primarily by higher dollar deposits at securities companies. Corporate dollar deposits rose $2.59 billion to $85.58 billion, while personal dollar deposits fell $350 million to $12.22 billion. The central bank attributed the overall growth to increased customer deposits at securities firms,

According to Yonhap Infomax, Hanwha Ocean reported on July 27 that its second-quarter operating profit surged 98% year-over-year to 734.1 billion won, while revenue climbed 65.2% to 5.44 trillion won. Both figures significantly exceeded analyst consensus estimates. Net profit more than quadrupled, rising 366.4% to 692.6 billion won.

According to BlockBeats and Hyperinsight monitoring on July 27, a whale (0xa314) saw its $15 million crude oil pair trade collapse after it bet long on WTI while shorting Brent crude, anticipating WTI's continued outperformance. The trader had established approximately 91,000 WTI long contracts and expanded its Brent short position to around 100,000 contracts following WTI's 16.4% surge against Brent's 13.1% gain between July 14–23. However, geopolitical risk easing reversed the rally, with both

According to MarketWatch, U.S. semiconductor stocks fell sharply on Friday (July 24), with the Semiconductor ETF SOXX declining 4.40% and major chip stocks posting steeper losses: Micron Technology (MU) dropped 6.99%, Intel (INTC) fell 7.89%, Coherent (COHR) slumped 9.84%, and Lumentum (LITE) lost 8.47%. Daniel O'Regan, managing director at Mizuho Securities, noted that the selloff was driven by multiple overlapping factors rather than a single catalyst. Key concerns included Intel's strong earn

According to The Hill, U.S. Republican Senator Bill Cassidy said on July 27 that Trump's swift resolution of the Iran war 'seems unlikely,' while suggesting the president seek congressional pathways to advance peace. Cassidy has consistently criticized Trump's handling of the conflict, particularly its impact on living costs.

According to Park Sang-hyuk, editor-in-chief of Digital Asset, the Wemix stablecoin WEMIX$ lost its dollar peg on July 27 after hackers gained unauthorized access to the smart contract owner account. Park stated on SamproTV that the hack occurred because the proxy contract upgrade was not followed by initialization of admin credentials, allowing attackers to access the owner role without authentication. Once in control, hackers minted and dumped additional WEMIX$ tokens on the market, causing th

According to Yonhapinfomax, SKC reported on July 27 that its second-quarter revenue reached 645.4 billion Korean won, up 38.3% year-over-year, with operating loss narrowed to 14.4 billion won, down 79% from the prior year. The results exceeded analyst expectations, which had forecast revenue of 561.2 billion won and an operating loss of 18.6 billion won. By segment, the semiconductor materials division posted an operating profit of 21.3 billion won on revenue of 72.9 billion won, while the chemi

According to Money Today, Naver surged on July 27 after Nvidia announced a 1 billion dollar equity investment in the South Korean tech company as part of an AI Factory collaboration. The stock jumped 8.8% to 225,000 Korean won in afternoon trading, with intraday highs reaching a 13% gain at 234,500 won. Following the investment, Nvidia will become Naver's third-largest shareholder with a one-year mandatory holding period. Naver is constructing large-scale GPU data centers, targeting 200 megawatt

According to Guru Club, Singapore's benchmark index fell 1.2% on June 4, closing at 5,076.81 points.

According to Jin10, the Bank of England is expected to hold interest rates steady at 3.75% during its policy meeting this week, despite surging energy prices driven by renewed Middle East conflict. Oil prices have rebounded to around $100 per barrel following the collapse of a U.S.-Iran ceasefire agreement, while European natural gas prices hit their highest levels since the conflict's initial outbreak. The UK economy has shown resilience, with GDP growing 0.7% in the three months through May. I

According to a Reuters survey, 68 out of 72 economists expect India's central bank to keep the repo rate unchanged at 5.25% on August 5.

On July 21, 2026, the Blockchain Game Alliance (BGA), Deloitte, and DMCC jointly launched the AI & Agentics Council, a governance initiative designed to establish standards for AI-powered agents capable of holding digital wallets and executing financial transactions within blockchain-based gaming ecosystems. The council aims to address legal accountability and operational autonomy for autonomous AI agents participating in digital economies. Founding partners include Xsolla (gaming payment infras

Japan's Coincident Indicator Index came in at 117.9 in May, lower than the initially reported 118.5.

According to Tencent Cloud, Tencent WorkBuddy officially launched on the HarmonyOS app store, becoming the first desktop office AI agent on the HarmonyOS platform.

According to Tencent News, on July 20, a 26-year-old trader at Hong Kong Citic Wealth Management Services was arrested on suspicion of theft after unauthorized misappropriation of HK$50 million as margin. Between January 9 and July 20, the trader used leveraged financing to accumulate positions in the Invesco Hynix 2x Leverage ETF (07709.HK) listed on the Hong Kong Stock Exchange, resulting in an unrealized loss of HK$150 million. The leveraged ETF surged to a record high of HK$193.65 in late Ju

Singapore's seasonally adjusted industrial production index fell 7.2% month-on-month in June, missing expectations of -1%. The prior month's figure was revised upward to 6.9% from -0.70%.