Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
18:30

South Korea Completes U.S. and South America Tour, Secures AI Supply Chain Hub Status

According to South Korea's National Security Adviser Wee Sung-lak on July 31 (local time), President Lee Jae-myung completed a diplomatic tour of San Francisco and three South American nations—Brazil, Chile, and Argentina—establishing Korea as an indispensable hub in the global AI supply chain. The visit included Korea's longest state tour in over a year, visiting five cities. Key outcomes include strategic mineral supply agreements with all three nations: a joint statement with Brazil on rare e
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18:30

South Korea and Argentina Sign Energy Deal, Crude Oil Imports to Begin in 2027

According to National Security Advisor Woo Sung-lak, South Korea and Argentina finalized multiple cooperation agreements on July 31, marking significant progress in energy and investment ties. The countries agreed to begin formal crude oil imports from Argentina in 2027, following a pilot program this year, with both governments committing to ensure stable supply. The agreement also includes a finalized double taxation prevention treaty to reduce tax burdens on Korean companies operating in Arge
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18:15

Pemex Analyzes Possible Debt Refinancing with Mexico's Finance Ministry on Friday

According to Pemex CFO Alberto Jimenez in a company call on Friday, the Mexican state oil company is analyzing possible debt refinancing operations with Mexico's Finance Ministry. Jimenez said Pemex is coordinating with the ministry to include debt repayment amounts in the government's 2027 budget allocation, and the company does not expect to receive any further national financial support this year.
18:14

Reddit Wins DMCA Victory Against Perplexity AI; RDDT Stock Plunges 22% Despite Strong Q2 Earnings

A federal judge permitted Reddit's Digital Millennium Copyright Act (DMCA) anti-circumvention claims to proceed against AI startup Perplexity AI and scraping firm SerpApi on Friday, July 31, denying motions to dismiss allegations that the companies unlawfully bypassed technical safeguards to extract proprietary content. According to court filings, Reddit alleges that Perplexity AI and SerpApi systematically evaded platform security protocols to scrape community data without authorization, using
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18:14

Tether's Excess Reserves Fall $4.1B to $4.1B in Q2 Amid Weaker Financial Results

According to Tether's Q2 financial report released Friday (July 31), the stablecoin issuer's excess reserves fell to $4.1 billion, down $4.1 billion from the first quarter's $8.2 billion buffer. The company reported a negative $3.2 billion financial result for the first half of 2026, implying a more than $4 billion loss in Q2 despite generating $1.5 billion in net operating profit during the quarter. Tether's bitcoin holdings declined to $5.8 billion from $6.6 billion in Q1, while its precious-m
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BTC-2.69%
18:07

BlackRock's Bitcoin ETF Inflows Hit $209.6M This Week as Average Investor Sits 22% Underwater

According to Farside Investors, BlackRock's iShares Bitcoin Trust (IBIT) recorded net inflows of $209.6 million during the week of July 27-30, accounting for more than the entire US spot Bitcoin ETF market's $203.9 million inflow, as all other funds combined saw net outflows. The average Bitcoin ETF investor remains 22% underwater, with a gross cost basis of $82,249 against a current price of $64,114, according to Bloomberg Intelligence data reported on July 28.
BTC-2.69%
18:02

Peter Schiff Criticizes Strategy's STRC Policy; MSTR Stock Falls 7% on July 31

On July 31, according to an X post by Peter Schiff, the bitcoin investor criticized Strategy Inc. (Nasdaq: MSTR) over its preferred-stock strategy, arguing that the company's commitment to keeping STRC near its $100 stated value creates a direct conflict with common shareholders' interests. Schiff stated that Strategy's stated "primary corporate objective" to maintain STRC pricing diverts resources that could benefit MSTR holders. Following the criticism and Strategy's Q2 earnings release, MSTR
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18:01

Fed's Barkin Says Further Rate Hikes Have 'Ample Justification' Despite Cooling Inflation

According to The Wall Street Journal, Richmond Federal Reserve President Tom Barkin said on July 31 that there is "ample justification" for further policy tightening to recover some of last year's rate cuts. However, he acknowledged that with June inflation data showing weakness, the Fed has time to observe before determining if current policy is sufficiently restrictive. PCE inflation eased to 3.7% year-over-year in June from 4.1% in May, though Barkin noted that ongoing strength in nominal con
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17:53

UN Chief Guterres Calls for Immediate End to Gulf Conflict, Restoration of Strait Navigation

According to Jin10, UN Secretary-General Antonio Guterres called for an immediate halt to military operations in the Gulf region and a full restoration of international navigation rights in the Strait of Hormuz and the Bab el-Mandeb Strait, urging resolution through diplomatic channels. Guterres noted that military escalation in the Gulf has persisted for six months, undermining global stability, contracting trade, and disrupting energy markets.
17:50

Strategy's Saylor Shifts From '100% Bitcoin' Approach, Analysts Back Cash Buildup as STRC Institutional Holdings Triple

According to earnings call disclosures on Thursday, Strategy Inc. (MSTR) Chairman Michael Saylor announced the company is shifting away from its historically "100% allocation to bitcoin," stating "maybe the best way to buy the most bitcoin is not to buy the most bitcoin," and will instead hold a larger cash reserve to support future BTC purchases. TD Cowen and Benchmark reiterated buy ratings, endorsing the strategy. Analysts highlighted that institutional holdings of Strategy's STRC preferred s
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BTC-2.69%