Gate Crypto Flash News and Market Updates

According to BlockBeats, Upbit listed USDG on its KRW, BTC, and USDT trading pairs today (July 30).

According to ChainCatcher, UPBIT will launch trading for Global US Dollar (USDG) on July 30 at 2:00 AM UTC, supporting KRW, BTC, and USDT trading pairs. Users can deposit funds within 2 hours after the announcement goes live.

According to Cointelegraph, on July 30, Hawkins County Commission in Tennessee unanimously passed a ban with 12 votes prohibiting the establishment, construction, installation, expansion, and operation of cryptocurrency mining facilities and data centers in unincorporated areas. The commission had previously passed a similar ban in September 2025 and confirmed its authority through a resolution in January 2026.

According to the Federal Reserve on July 29, the central bank held the federal funds rate target range steady at 3.5%-3.75%, marking the fifth consecutive hold this year. COMEX gold closed at $4,065.50 per ounce, up 0.66%, while domestic SHFE gold rose 0.90% to 889.70 yuan per gram. The decision exposed internal divisions, with about one-quarter of Fed officials voting for a 25 basis point rate hike. Market pricing now suggests the probability of rates holding steady in September has dropped bel

According to Jin10, Galaxy Securities reported that domestic raw milk prices rose 0.3% year-over-year in July, marking the first positive growth in nearly five years. The shift reflects an improving supply-demand balance in the dairy sector. Fresh milk prices began rising as early as March, strengthening signals of a bottom in the pricing cycle.

According to Yonhapinfomax, WTI crude oil futures for September delivery surged more than 6% overnight and held at $84.48 as of 7:45 a.m. today (July 30), up 0.02% from the previous day. The rally was driven by U.S. President Donald Trump's pledge to strike Iran forcefully in retaliation for an attack on a Jordanian military base, raising concerns of prolonged Middle East conflict. Additionally, U.S. commercial crude inventories fell to their largest level since mid-June, while strategic petrole

According to iM Securities analyst Kim Myung-sil interviewed on July 30, South Korea's central bank may implement consecutive rate hikes in August, with the potential for three total increases this year. The assessment is supported by stronger-than-expected Q2 GDP growth and a notable recovery in private consumption, signals that have prompted the central bank to emphasize risks from improved incomes driving demand-side inflation pressure. Consumer inflation is expected to stabilize in July but

According to iM Securities analyst Kim Myung-sil, on July 30, South Korea's central bank may implement consecutive rate hikes in August and a total of three hikes this year. Kim cited stronger-than-expected second-quarter GDP growth, driven by both exports and improved private consumption, alongside sticky core inflation as rationale for tighter policy. The analyst forecasts the base rate could reach 3.25%-3.5% by 2027, with the more hawkish scenario of 3.5% gaining credibility given the central

According to Yonhapinfomax on July 29, Microsoft reported second-quarter revenue of $90 billion and earnings per share of $4.81, both exceeding market expectations ($87.7 billion revenue, $4.25 EPS). Cloud division revenue reached $59.3 billion, up 27% year-over-year, while Azure platform revenue surged 43%, marking its fastest quarterly growth since early 2022 and crossing $100 billion annually for the first time. CEO Satya Nadella disclosed that Copilot paid users exceeded 30 million, more tha

According to Jeff Gundlach on CNBC, the bond market is signaling the Federal Reserve to raise interest rates, after the FOMC held the benchmark rate unchanged on July 29. The 30-year Treasury yield surged above 5.20% for the first time since 2007, while shorter-dated yields fell, reflecting investor skepticism about the Fed's inflation-fighting commitment. Gundlack stated that the bond market is telling the Fed it must act to implement its 2% inflation target. Three FOMC members voted for a 25 b

On July 30 morning, Shanghai Gold Exchange gold T+D rose 0.89% to 886.97 yuan per gram, while silver T+D rose 0.83% to 14,202 yuan per kilogram, according to market data.

According to Cointelegraph, on July 30, Binance.US announced it will apply to the U.S. Commodity Futures Trading Commission (CFTC) for a Designated Contract Market (DCM) license in August to offer prediction market services. CEO Steve Gregory made the announcement at the Rare Evo blockchain conference. The DCM license would enable Binance.US to trade futures and options contracts based on commodities, indices, or other instruments, positioning it to compete with platforms such as Kalshi and Poly

Shanghai silver futures intraday contracts climbed 2.00% during today's trading session, currently quoted at 14,347 yuan per kilogram.

According to Iranian media, explosion sounds were reported in the Bushehr region of Iran today (July 30). Further details regarding the cause and impact remain unclear.

According to The Block, Ark Invest sold positions in crypto-related stocks on Wednesday (July 29), including approximately 121,000 Bitmine shares ($2 million), 13,000 Block Inc. shares ($1.1 million), 13,000 Robinhood shares ($1.1 million), and 11,000 Bullish shares ($247,000). The trades occurred as crypto-related stocks declined.

According to Meta's second-quarter earnings call on July 29, CEO Mark Zuckerberg discussed the company's dilemma of whether to monetize excess AI computing capacity through a potential cloud business or preserve it for internal AI development. "We're getting a lot of offers for compute at a significant premium over what we paid for it," Zuckerberg said, noting that Meta is balancing short-term revenue opportunities against long-term AI ambitions. The company raised the low end of its 2026 capita

According to ChainCatcher, the U.S. District Court for the Eastern District of Wisconsin recently dismissed the CFTC's request for a preliminary injunction to block Wisconsin's enforcement of sports-related event contracts against Kalshi, Coinbase, Robinhood, Polymarket, and Crypto.com. The court ruled that the CFTC failed to demonstrate likelihood of success on its claim that the Commodity Exchange Act's definition of "swaps" covers sports event contracts, and found that gambling regulation fal

Taiwan's weighted stock index opened with minimal movement today (July 30), according to Taiwan Stock Exchange data.

According to Yonhapinfomax, the Korean won closed at 1,446.70 per dollar on July 30, falling 7.60 won from the previous day and marking its weakest level since late February. The decline followed a dovish interpretation of the U.S. Federal Reserve's policy decision overnight; the Fed held rates steady at 3.50–3.75%, and Fed Chair Kevin Wash suggested market-driven tightening through rising bond yields reduces the need for further rate hikes, pushing the dollar index down to 100.7. Supply pressur

According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,446.70 won on July 29, marking its lowest level since late February, as the Federal Reserve held interest rates steady at 3.5%-3.75% and Fed Chair Kevin Walsh signaled dovish messaging. Powell stated that market-driven financial tightening, evidenced by rising bond yields, provides "a certain degree of reassurance," reducing the need for additional rate hikes. The dollar index dropped to 100.7 intraday. SK Hynix ADR-related dollar s