Gate Crypto Flash News and Market Updates

The U.S. 2-year Treasury yield hit a daily low of 4.2294% today, declining approximately 5 basis points. The decline comes as Federal Reserve Chair Wosh holds a press conference.

According to CNN, Saudi Arabia's Defense Minister met with U.S. Vice President Vance in Washington on July 29.

According to BlockBeats, citing BIT trading data, U.S. storage stocks rallied on July 30. SanDisk (SNDK) rose 0.89%, Western Digital (WDC) gained 6.29%, Seagate Technology (STX) surged 8.18%, and SK Hynix (SKHY) increased 3.01%.

Federal Reserve Chair Powell clarified today that the Fed's decision should not be described as a pause, noting that financial markets may interpret such framing differently. Powell stated the Fed's actions today represent something distinct from a pause.

Federal Reserve Chair Jerome Powell stated that he has not yet begun considering what will be included in his Jackson Hole Economic Symposium speech scheduled for August.

According to Jin10, spot gold hit $4,100 per ounce on July 30, gaining nearly $60 following the release of the interest rate decision.

The Dow Jones Industrial Average dropped more than 600 points Wednesday morning as selling accelerated across Wall Street. The S&P 500 fell 0.4% to test critical support near 7,400, while the Nasdaq Composite declined 0.8% to 24,667.02. Declines were driven by geopolitical tensions in the Middle East, concerns about interest rates, and weakness in technology stocks. Procter & Gamble, Sherwin-Williams, Goldman Sachs, Caterpillar and Boeing led the index lower. The VIX rose to 19.23, reflecting in

According to Jin10 data, Federal Reserve Chair Jerome Powell stated on July 30 that June core CPI data had limited impact on the recent policy decision. Powell noted that the decision received broad support among committee members, with three dissenting votes that did not fully reflect the substance of discussions. The Fed received "encouraging" inflation data and will monitor inflation trends closely in the coming period, Powell added.

The S&P 500 index reversed course earlier today, turning positive after declining 1.2% earlier in the session. The rebound coincided with Fed Chair Waller holding a press conference.

According to CryptoQuant analyst, Bitcoin's bear market is nearing its end, with the ultimate bottom expected at $51,336 (61.8% Fibonacci level). After falling more than 50% from its October 2025 all-time high of $126,000 to lows around $57,000, the analyst notes that selling pressure has weakened significantly. Technical indicators including MACD and RSI show bullish divergences and oversold levels, collectively suggesting BTC is forming a bottom. However, the analyst noted that a final sell-of

According to BlockBeats, on July 30, Federal Reserve Chair Powell stated during a press conference that high inflation over the past five years has created a lasting impression in markets that the Fed's implicit inflation target exceeds 2%. Powell noted that inflation "cannot be resolved in nine weeks," and pointed to the significant rise in both nominal and real yields on the U.S. government debt curve.

According to BlockBeats, Federal Reserve Chair Powell stated on July 30 that the economy demonstrated impressive resilience, and discussions at the policy meeting proceeded constructively. The committee remains firmly committed to achieving price stability, with 2% inflation as the sole target. Powell emphasized that there is no soft inflation target; the committee's singular focus remains anchored on the 2% objective.

WTI September crude oil futures closed at $84.46 per barrel today (July 29), while NYMEX August natural gas settled at $2.725 per million British thermal units. NYMEX August gasoline futures closed at $3.3978 per gallon, and NYMEX August heating oil fell to $4.3701 per gallon.

According to U.S. Central Command, the U.S. military diverted 20 commercial vessels and disabled 2 commercial vessels during its blockade operation against Iran. The command also conducted inspections of 2 additional commercial vessels as part of the ongoing operation.

Shanghai Futures Exchange crude oil futures contract 2609 closed up 5.44% overnight on July 29, trading at 564 yuan per barrel. Shanghai gold advanced 0.9%, while Shanghai silver gained 1.84%.

According to Jon Faust, former senior advisor to the Federal Reserve, the Fed will not raise rates today (July 29). Faust cited FOMC Vice Chair John Williams' view that attempting to gain credibility through market surprises would be ineffective.

According to Yonhap Infomax, overnight as of July 30, 1:07 AM KST, USD/KRW declined sharply to 1,447.70 won from 1,462.50 won at the previous Seoul session close, even as WTI crude futures surged nearly 7% following escalating U.S.-Iran tensions. U.S. President Donald Trump threatened Iran in a Fox News interview, stating "we will obliterate them," referring to an Iranian attack on a Jordanian U.S. military base. Iranian media reported that 4–6 Islamic Revolutionary Guard Corps military advisors

According to Onchain Lens, Hyperliquid generated approximately $2.07 million in protocol fees over the past 24 hours on July 30, burning 21,080 HYPE tokens worth approximately $1.16 million. To date, Hyperliquid has cumulatively burned 46.1 million HYPE, valued at approximately $2.54 billion, representing 4.61% of the maximum 1 billion token supply.

On July 28, U.S. District Judge Robert Kirsch ruled that investors in Novo Nordisk have sufficiently proven executives made false statements about the tolerability of experimental weight-loss drug CagriSema, meeting the required standard of intent or recklessness for securities fraud claims. The judge determined that investor allegations against executive Martin Holst Lange, who frequently appeared as a clinical trial expert, are sufficient to proceed, given that trial results were material to t

According to Christopher Hodge, an economist at French export credit bank Natixis, latest inflation and labor market data provided the Federal Reserve with breathing room to wait for clearer signals without harming credibility. Hodge noted that rate hikes would only complicate the Fed's reaction mechanism and risk sending an overly hawkish signal. The bank expects the Fed will continue monitoring inflation closely while acknowledging that recent moderate inflation data may suggest the current po