Gate Crypto Flash News and Market Updates

South Korea's Deputy Prime Minister and Finance Minister Koo Yun-cheol apologized on July 29 for shortcomings in the rollout of single-stock leveraged exchange-traded funds (ETFs). In a parliamentary hearing, he announced enhanced safeguards, including raising the minimum deposit requirement to 30 million won and requiring cash-based deposits instead of securities. Koo acknowledged that while government policy aimed to bring overseas-traded leveraged products domestically to reduce investment ri

According to Jin10, the U.S. Federal Reserve will announce its July interest rate decision on Thursday at 2:00 AM, with Fed Chair Jerome Powell holding a press conference at 2:30 AM. Meanwhile, Australia's latest inflation data came in below expectations, easing pressure for rate hikes from the Reserve Bank of Australia. Russia's Foreign Economic Bank also cut its 2026 economic growth forecast to 0.6% from 1% previously.

According to Jin10, Israeli Prime Minister Benjamin Netanyahu met with U.S. President Donald Trump at the White House on July 28. Protests took place in Washington on July 27–28, with demonstrators calling for Netanyahu's arrest and accusing him of war crimes. Jewish protesters also condemned Netanyahu for using Jewish identity to defend what they characterized as genocide in Gaza, killings in the West Bank, and 78 years of occupation in Palestine.

According to E Daily, the Korean won fell to 1,442.6 against the U.S. dollar on July 29, marking its lowest level in five months. The currency dropped approximately 20 won from the previous day's close, with intraday low reaching 1,442.6 won—the weakest since May 7. Bank of Korea Governor Shin Hyun-song confirmed the central bank will maintain its interest rate hiking stance, supporting won strength. The decline was driven by reduced foreign investor selling (around 500 billion won net outflows

According to Standard Chartered, the bank's Chief Strategist Steve Englander stated on July 29 that the Federal Reserve has no urgent need to raise rates at its Wednesday meeting. The Fed will have more economic data—including labor force, CPI, and retail sales figures—to inform its September decision. Fed Chair Powell may face 2-4 dissenting votes on holding rates steady.

According to the Democratic Labor Research Institute on July 29, South Korea's National Pension Service is under pressure to suspend its plan to delegate domestic stock voting rights to asset managers, a move critics characterize as privatization of public shareholder authority. The policy, introduced by the government in March 2026, would transfer voting rights previously exercised directly by the NPS to commissioned asset management firms. Democratic Labor Center policy director Hong Seok-hwan

According to PwC China's official WeChat on July 28, Zhou Xing has been appointed vice chairman of PwC China and continues to serve as head partner for public affairs. With over 30 years of professional service experience, Zhou previously worked at the People's Bank of China's Shenzhen branch before joining PwC's New York and Shanghai offices. She holds a bachelor's degree in finance from Renmin University of China and a master's degree in economics from Tsinghua University's School of Finance.

According to CoinGlass data, Bitcoin ETFs posted net outflows of 3,170 BTC over the past seven days ending July 28, while Ethereum ETFs recorded inflows of 37,959 ETH over the same period. BlackRock's IBIT fund, the largest spot Bitcoin ETF, lost 3,511 BTC and accounted for most of Bitcoin's decline. BlackRock's ETHA fund, meanwhile, drove Ethereum inflows with 37,424 ETH of the category's total gain. The divergent flows signal growing institutional preference for ether, marking Ethereum ETFs' t

According to Coinglass data, on July 29 at 14:02 UTC, an unknown wallet transferred 50 million USDT to Binance.

According to Binance's official announcement, the exchange will halt BNB Smart Chain (BEP20) deposits and withdrawals on July 30 at 13:55 CST for wallet maintenance, with service resuming after approximately one hour. Binance will also halt BNB Smart Chain deposits and withdrawals on August 25 at 10:25 CST to support the network upgrade and hard fork, which is scheduled to occur at 10:30 CST on the same date.

According to Statistics Sweden, the country's second quarter GDP expanded 2.8% year-over-year and 1.4% quarter-over-quarter, marking preliminary Q2 results.

According to Germany's Federal Statistical Office, import prices in June increased 6.1% compared to the same period last year, slightly exceeding market expectations of 6.0%. Month-on-month, import prices declined 0.7% in June, matching the market forecast.

According to GMGN data, CATE led smart money net inflows in the past 24 hours with $6,000, trading at $0.0043 and up 52.1%. The top 5 tokens by smart money inflows over the period were: PVE with $1,000 net inflows (up 1373.3% to $0.0001), OnlyMarms with $829 (up 3661.8% to $0.0002), carcat with $500 (up 19.1% to $0.0001), and KRISPY with $444 (up 34.7% to $0.0001).

According to Yonhapinfomax, Hong Ui-rak, a former Democratic Party legislator, assumed office as the 19th president of Korea Gas Corporation on July 29. Hong graduated from Korea University's Department of Agricultural Economics and previously served as a vice mayor of Daegu and two terms as a National Assembly member, with experience on the National Assembly's Industrial, Trade, Resources and SMEs Committee. His three-year term runs until July 28, 2029. In his inaugural address, Hong outlined t

According to Financial News, SK Hynix reported record second-quarter results on July 29, with operating profit of 60.54 trillion KRW, up 557.2% year-over-year. The operating margin reached 76.3%, surpassing Taiwan's TSMC (60.3%) for three consecutive quarters, driven by HBM and AI server DRAM sales. Despite the strong earnings, the stock fell 10.65% as of early afternoon trading. Analysts attribute the decline to market expectations exceeding actual results, with consensus estimates at 63.66 tri

According to Decrypt, Zcash miner Fortitude completed construction and electrical testing of its 12-megawatt mining facility in Grand Island, Nebraska on July 29, with the site now operational. The facility expands the company's power portfolio to seven locations totaling over 60 megawatts. Fortitude projects mining costs will fall from approximately $70 per ZEC to $40 per ZEC, compared to Zcash's current trading price of around $489. The facility launch precedes Fortitude's planned merger with

On July 28, Solana-based Jurassic Finance plans to tokenize Deaton, a Triceratops prorsus skull that is 60–65% complete by bone mass, marking what the project describes as the first tokenized dinosaur. The fundraise targets 660,000 USDC, with 600,000 going to the seller in escrow and 60,000 allocated to the RAWR token treasury. Tokenized Deaton will have a supply of 1 million tokens; allocators receive 95% on a pro rata basis, with the remaining 5% reserved for the RAWR treasury. The announcemen

According to MarketWatch, Microsoft will report fiscal 2026 fourth-quarter earnings after market close on July 30, with investors scrutinizing whether its record $190 billion capital expenditure in AI is generating returns. The company's stock has fallen 18% year-to-date, trailing the S&P 500 by approximately 26 percentage points, as markets question the profitability of its unprecedented AI investments. Analysts expect Microsoft's free cash flow to decline 34.2% year-over-year to approximately

According to Smart Finance, Manulife Hong Kong and Macau appointed Tang Jiali as Chief Distribution Officer for Hong Kong and Macau on July 29, effective immediately. She replaces Chen Hongzhan, who resigned from the position. Tang, who joined Manulife in 2015, previously served as Chief Operating Officer since March 2023 and brings extensive experience in strategy, operations, and distribution partnerships. In her new role, she will drive business growth across distribution channels, expand par

According to Odaily, Changxin stock hit a record intraday high of 51.99 yuan on July 29 afternoon, with gains expanding to 10%. The stock was trading at 51.78 yuan at the time of reporting.