Gate Crypto Flash News and Market Updates

Quantum Computing Inc's QUBT stock closed at $7.43 on July 24, 2026, valuing the company at approximately $1.68 billion. According to its Q1 2026 balance sheet filed with the SEC, the company held $1.409 billion in cash and investments against total liabilities of just $23.4 million, equating to roughly $6.25 of net cash per share. Six covering analysts carry an average price target of $18.33, implying approximately 146.7% upside from the July 24 close. In Q1 2026, foundry-related revenue from t

According to The Daily Hodl, the Digital Chamber sued Illinois over its Digital Asset Tax Act, which imposes a 0.2% levy on exchanges, transfers, and storage of digital assets. The group alleges the tax discriminates against blockchain-based assets compared to economically identical activities involving cash, stocks, or bonds, and applies repeatedly to routine operations with insufficient ties to the state, violating equal protection and federal commerce clause protections. Plaintiffs seek decla

According to Intel's Q2 2026 earnings report, the company's data center and AI revenue surged 59% year-over-year to $62.62 billion, while total quarterly revenue reached $161.28 billion, up 25% and marking the fastest growth in 15 years. CEO Chen Li-wu stated that AI-driven computing demand will continue to strengthen through 2028, with server CPUs becoming critical to AI infrastructure as applications shift from model training to inference and multi-agent deployment.

According to The New York Times, on July 27, President Trump faced three main Iran policy options: expanding military operations, intensifying economic sanctions, or declaring victory and withdrawing. In recent discussions with Vice President Vance, Defense Secretary Hagee, Joint Chiefs Chairman Dan Kane, son-in-law Kushner, and Middle East envoy Whitcroft, Trump has been weighing the approaches. U.S. government officials expressed doubts about whether large-scale bombing, cutting Iran's power s

According to Bloomberg Billionaires Index, Longxin Technology founder Zhu Yiming pledged 7.679 billion company shares for employee incentive programs, with a current value of $56 billion following the company's IPO on the same day. The IPO saw the stock surge 466%, elevating Zhu's net worth to $13.9 billion—a near 300% increase. The pledged shares represent approximately 40% of Zhu's total wealth.

According to Reuters, Changxin Memory's 64GB DDR5 RDIMM module pricing has surpassed Samsung's approximately $1,240 per unit level as global memory demand surges. The Chinese chipmaker's competitive advantage has shifted from low-cost positioning to supply availability, with production orders booked through 2027. Even major Chinese tech companies including Huawei have failed to secure price concessions, indicating severe supply constraints. Changxin currently holds about 8-10% of the global DRAM

According to Yonhapinfomax, on July 27, South Korea's Financial Supervisory Service special prosecutors conducted searches at the Korea Exchange to obtain documents related to LNF's Tesla high-nickel cathode material supply contract disclosure. The searches focused on gathering LNF's filing materials and contract review documents to verify compliance. LNF had disclosed a 3.8347 trillion Korean won contract with Tesla in February 2023 with supply through end of 2025, but later disclosed on Decemb

According to The Times of Israel and The Jerusalem Post, a fire broke out at an industrial zone in Sderot, southern Israel on July 27, injuring one civilian and one firefighter with minor injuries. The fire spread to two factories in the industrial area. Firefighters were working on site to contain the blaze.

According to Morgan Stanley analyst Adam Jonas, SpaceX shares fell to approximately $110.85, down 18% from its mid-June initial public offering price of $130.85. Jonas maintained a "buy" rating and assigned the stock a $300 price target, with more than half of that valuation linked to the company's artificial intelligence operations including Grok and Cursor. Jonas argued that the market is heavily discounting SpaceX's AI-related assets and that a further decline toward $100 per share would sugg

According to Bitcoin.com News, KB Kookmin Bank, a unit of KB Financial Group ($552.76 billion in assets), will launch JPMorgan's Kinexys-based USD payment service to 10 countries starting in August 2026. The service covers transfers to the United States, Singapore, Saudi Arabia, India, Thailand, Qatar, United Arab Emirates, Bahrain, South Africa, and domestic transfers within South Korea, targeting import and export businesses. Kinexys, JPMorgan's blockchain-based institutional payments platform

According to Xinhua, Ukrainian President Volodymyr Zelenskyy held a call with British Prime Minister Kemi Badenoch on July 27, discussing drone cooperation. Zelenskyy expressed interest in establishing a major drone manufacturing facility in the United Kingdom based on advanced technology, aiming to leverage British partnership and Ukraine's combat experience in drone development.

According to Hyperinsight monitoring, on July 27, nine major addresses on Hyperliquid recorded combined unrealized losses of $48.64 million, despite holding aggregate positions valued at approximately $1.29 billion. Individual address holdings ranged from $97.84 million to $314 million, with all nine currently underwater. ETH short positions drove the largest losses, with six addresses holding combined short exposure of 222,000 ETH worth $456 million and generating $36.21 million in unrealized l

Webull announced on Tuesday an expansion of its paper trading platform to support simulated trading across six asset classes including stocks, options, crypto, futures, bonds and event contracts. The platform now opens to developers through OpenAPI access, allowing traders and AI applications to test algorithmic strategies and trading workflows in a risk-free environment. According to Webull, users have placed more than 204 million simulated orders since the paper trading feature launched. The e

According to CoinAnk data, over the past 24 hours, the crypto market experienced approximately $363 million in total liquidations. Long positions accounted for $88.95 million in liquidations, while short positions totaled $275 million. Ethereum led individual assets with $156 million in liquidations, followed by Bitcoin at $54.19 million.

According to Munhwa Daily via the Blind anonymous community, a South Korean bank employee saw his investment portfolio plummet from 700 million won ($4.8 million) to 220 million won ($2.2 million) in recent weeks after deploying 2x leveraged ETF products on SK Hynix shares. Starting with 200 million won in October, the investor had built his account to 550 million won by May 2026, but reversed course on the assumption semiconductor stocks remained undervalued, deploying 700 million won into leve

According to QCP Capital, this week's market focus centers on the Federal Reserve's interest rate decision. U.S. equities showed mixed performance last Friday, with large-cap tech stocks under pressure, while the 10-year U.S. Treasury yield retreated from January 2025 highs. Market participants are monitoring the Fed's latest assessment of inflation and economic growth prospects.

According to QCP Capital's latest Market Colour report, Bitcoin and Ethereum surged in July, with BTC up 11.6% and ETH up 24.6% as of the latest data, outperforming traditional equity markets amid macroeconomic headwinds. U.S. spot Bitcoin and Ethereum ETF net outflows totaled approximately $311 million on July 24, ending a seven-day inflow streak. QCP noted that ETF capital flows remain a key gauge of institutional participation and market sentiment.

According to Odaily, EPIK creator Mando responded to community criticism over the past three years by stating he personally repurchased over 50% of EPIK tokens using his own funds, rather than accumulating holdings through airdrops. Mando emphasized his seven-figure investment in supporting the project, distinguishing his approach from some KOLs and creators who received tokens and sold them. He disclosed plans to distribute portions of his holdings to long-term community members and users who h

According to Allium data platform, trading volume on Hyperliquid surged to $17.8 million ahead of CXMT IPO launch on July 27. Volume jumped from $1 million the prior day to $14 million in the 15 minutes before launch. Price deviation at IPO remained within 3% of perpetual contract pricing. Smart money traders established short positions ahead of the IPO and locked in gains, with most continuing to hold or adding to their positions.

According to SolanaFloor, the Solana-based meme coin launchpad Pump.fun generated approximately $1.17 million in revenue over the past 24 hours, surpassing the decentralized perpetual trading platform Hyperliquid's $668,000 by roughly 75%.