Gate Crypto Flash News and Market Updates

On July 29, Huawei hosted the Financial Services Industry Summit in Johannesburg, South Africa, showcasing AI innovations to help financial institutions accelerate digital and intelligent transformation. Jason Cao, CEO of Huawei Digital Finance BU, stated that banking is entering a new era where competitive advantage depends on how organizations apply AI to deliver measurable business value, with trillion-parameter models becoming mainstream. Huawei introduced its Hybrid AI Architecture to empow

Emirates began accepting Crypto.com Pay for flight bookings on July 28, allowing eligible United Arab Emirates residents to purchase tickets using cryptocurrency. The service operates through Crypto.com's Dubai entity, which holds approval as a Stored Value Facilities provider under the Central Bank of the UAE's regulatory framework. Customers booking through emirates.com or the Emirates mobile app can authorize payments in dirhams via the Crypto.com platform before completing their purchase.

Meta Platforms' stock has declined for nine consecutive trading sessions ahead of its second-quarter earnings report, as investors scrutinize the company's capital expenditure guidance of $125 billion to $145 billion for 2026. The sell-off reflects concerns about how quickly AI infrastructure spending will rise and when those investments will produce measurable returns. Deutsche Bank analyst Benjamin Black noted that buy-side forecasts for 2027 capital expenditures have moved into the low-to-mid

On July 29, most major European stock indices declined as the trading week progressed. Germany's DAX30 fell 0.14% to 25,457.88 points, while the UK's FTSE 100 bucked the trend with a 0.33% gain to 10,907.20 points. France's CAC40 dropped 0.60% to 8,408.27 points, and Spain's IBEX35 led losses with a 1.65% decline to 19,400.86 points. Italy's FTSE MIB fell 0.52% to 51,427.00 points, and the broader Stoxx 50 index slipped 0.64% to 6,249.35 points.

According to Jin10 Futures, ICE December cotton futures fell 0.53 cents to 80 cents per pound on Wednesday, down 0.66%, as a strengthening U.S. dollar made the commodity less attractive to overseas buyers and weakening corn and soybean prices dampened overall agricultural sentiment. The dollar gained amid investor uncertainty over the Federal Reserve's interest rate decision, while lower grains prices added downward pressure on cotton following recent gains in commodity markets.

According to Jon Foerster, a former senior adviser to the Federal Reserve, the central bank will not raise interest rates today (July 29). Foerster also agreed with FOMC Vice Chair John Williams' view that "attempting to gain credibility by deliberately surprising markets will not work."

The U.S. 4-month Treasury bill bid allotment hit 22.52% on July 29, down significantly from 63.29% in the previous auction.

On July 29, the bid-to-cover ratio for the U.S. 4-month Treasury auction rose to 3.04 from 2.76, reflecting increased demand at the auction.

Germany's DAX 30 index closed up 0.13% at 25,497.44 points today (July 29). France's benchmark index fell 0.65%, Italy's declined 0.45%, while the UK index rose 0.33%.

The U.S. 4-month Treasury Bills auction on July 29 cleared at a discount rate of 3.875%, up from 3.85% at the previous auction.

According to The Block, SoFi reported crypto trading revenue of $134.3 million in the second quarter, up 10% from the prior quarter. After deducting $133.1 million in trading costs, net revenue from crypto operations reached $1.2 million, compared to approximately $850,000 in Q1.

According to ChainCatcher, stablecoin infrastructure company Brale launched ION Protocol, an interoperability system enabling participants to transfer stablecoins across blockchains by burning tokens on one chain and minting them on another. ION Protocol is now live on testnet. The protocol aims to reduce capital requirements compared to traditional bridges that rely on pre-funded liquidity pools, addressing liquidity bottlenecks in customized stablecoin scaling. The stablecoin market currently

According to Goldman Sachs, the Federal Reserve is expected to hold interest rates steady today, though economists forecast at least one dissent vote supporting a hike. Market pricing currently reflects roughly a 30% probability of a rate increase today. If the Fed maintains rates unchanged, foreign exchange markets will focus on how much of the previously priced-in rate hike expectations shift to future policy meetings. CME data shows investors have already incorporated September rate hike expe

Amazon announced on July 29 that it will launch a bundle of Starz and Crunchyroll on Prime Video at a subscription price of $16.99 per month.

According to Israeli Channel 12, a senior political official stated on July 29 that decisions regarding Iran rest with U.S. President Trump, with outcomes ranging from diplomatic agreements to major military strikes. The official noted Iran understands that any attack would trigger a strong Israeli response. Iran currently possesses approximately 1,500 ballistic missiles, the official added.

According to Jordi Visser, chief investment officer at 22V Research, Michael Saylor was the first to recognize in an interview on Tuesday that Bitcoin is the only AI investment that artificial intelligence cannot disrupt. Visser argued that AI destroys competitive advantages, forcing companies to adopt Bitcoin as a treasury asset, following the Strategy (MSTR) executive chairman's earlier move. He contrasted Bitcoin's fixed scarcity, which protects it from AI disruption, with AI stocks like Nvid

According to Caixin Caijing, as of end-March 2026, active ETFs accounted for 10.6% of the global ETF market at $2.1 trillion, with a compound annual growth rate of 44% over the past decade—significantly outpacing the overall ETF market's 19% average growth. Easeun Dahua Fund noted that it recently submitted China's first batch of 18 active stock ETFs, which are expected to attract substantial inflows into the A-share market.

According to data from Charlie Quant Lab and Santiment, XRP has declined approximately 67% from its all-time high as of late July 2026, significantly worse than Bitcoin (down 48%), Ethereum (down 60%), and BNB (down 56%). The steeper drawdown reflects a precarious market structure: derivatives data shows both institutional and retail traders heavily long on XRP with minimal divergence (institutional +29, retail +27), leaving few fresh buyers to support price bounces. Simultaneously, whale wallet

According to the U.S. Energy Information Administration (EIA), American refinery utilization rates rose to their highest level last week since December 2018.

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil net imports last week rose to the highest level since September 2019.