Gate Crypto Flash News and Market Updates

According to Goldman Sachs, as cited by Jin10, Asian equity hedge funds experienced their largest monthly decline on record, dropping 18.6% as of July 28, driven by a broad sell-off in AI-related stocks. The funds have relinquished 21 percentage points of year-to-date gains since peaking at 40% returns on July 22.

According to China's central bank, on July 28, People's Bank of China Vice Governor Xuanchangneng met with Bank Indonesia Deputy Governor Thomas Jiwanto. The two officials discussed China-Indonesia economic conditions and bilateral financial cooperation.

According to Blockaid's H1 2026 Onchain Security Report, the firm verified 212 crypto exploits in the first half of 2026 that resulted in $1.1 billion in total losses. North Korea's Trader Traitor hacking cluster, tied to the Lazarus Group, was responsible for approximately $609 million of the total. The two largest exploits—restaking protocol KelpDAO at $292 million and Solana perpetual DEX Drift Protocol at $285 million—were both attributed to Trader Traitor, with attackers using social engine

According to Chosun Biz, TPG, the second-largest shareholder of Kakao Mobility holding approximately 29% stake, is advancing plans to exit its investment through a U.S. American depositary receipt (ADR) listing on July 30. However, controlling shareholder Kakao has taken a lukewarm stance on the initiative, complicating the process. While TPG enlisted law firm Gwangjang to conduct legal review and selected Bank of America, Morgan Stanley, and UBS as underwriters, industry sources indicate that K

According to Hyperinsight monitoring, on July 30, Polymarket trader xm39 held 806,700 Yes shares betting on a U.S. invasion of Iran by 2027, with a position cost of $223,000 at an average of $0.2763. The trader's linked Hyperliquid address is now the platform's largest WTI crude long, holding 155,200 contracts valued at $13.22 million on 20x leverage, with unrealized gains of approximately $510,500. The address yesterday added 133,300 WTI contracts totaling $10.79 million at a weighted price of

According to BlockBeats, Serenity today endorsed Leopold Aschenbrenner's assessment that the current market sell-off may represent the best buying opportunity since early 2025. Aschenbrenner, a former OpenAI researcher and 25-year-old hedge fund manager, acknowledged that his AI-focused fund Situational Awareness was not immune to recent market turmoil. Serenity agreed with this view, supporting his fundraising efforts, noting that certain assets may have declined beyond reasonable levels amid f

According to ChainCatcher, Swiss Life Asset Managers increased its MicroStrategy holdings by 38% to 37,889 shares, valued at $3.55 million.

On July 29, Israeli Prime Minister Benjamin Netanyahu denied misleading U.S. President Trump into military conflict with Iran. Netanyahu said that before Trump's second term began, he met Trump at Mar-a-Lago, where Trump stated he would not allow Iran to possess nuclear weapons and was aware that failing to take action against Iran would pose significant risks to the U.S. Regarding Iran, Netanyahu noted the U.S. faces three options: reaching a deal, maintaining sanctions, or taking military acti

According to related government agencies, South Korea's National Pension Fund dropped to around 1.6 quadrillion won on July 30, down from over 1.9 quadrillion won previously. The decline of approximately 300 trillion won follows a sharp market selloff, with the KOSPI index plunging from around 9,000 points to 5,000 points.

According to the Hong Kong Securities and Futures Commission, Hong Kong stocks declined sharply in the first half of 2026, with the Hang Seng Index down 10.7%, the National Enterprises Index down 15.2%, and the Technology Index down 18.9%. The market gained limited benefits from the global AI boom, as semiconductors and AI-related stocks account for only 2.5% to 17% of the indices, compared to their dominant impact on major overseas markets. Despite market volatility, Hong Kong maintained strong

According to Jin10, the IMF forecasted on July 30 that U.S. government debt will reach $40.7 trillion in 2026, maintaining the world's highest absolute debt level, while Japan's debt-to-GDP ratio stands at 204%, the highest globally. China's Central Committee called for accelerating fiscal expenditure and bond fund utilization. The Chinese Ministry of Finance plans to issue 15 billion yuan in sovereign bonds in Hong Kong on August 5.

According to a Hong Kong Securities and Futures Commission announcement, the SFC has issued a restriction notice to Futu Securities International (Hong Kong) Limited, freezing HK$1.25 billion in customer account assets held by an entity suspected of participating in an IPO fraud scheme designed to create false or non-genuine demand for shares. The SFC noted that Futu is not a subject of its investigation and the restriction will not affect the firm or its other clients. The SFC stated that issui

Adidas released its second-quarter 2026 earnings on July 30. Global revenue reached €6.7 billion, up 14% year-over-year on a currency-neutral basis, marking a new record high. Operating profit rose 5% to €574 million, while gross margin improved 80 basis points to 52.5%.

According to Kuwait's Defense Ministry and China's Embassy in Kuwait, Iran attacked northern Kuwait on July 30, resulting in the death of a Nepali driver employed by a Chinese company and damage to company property. The Chinese embassy confirmed that no Chinese citizens were injured in the attack.

According to Yonhap News, South Korea's exchange checked the technical feasibility of implementing a temporary short-sale ban and reducing daily price fluctuation limits on July 30 as potential emergency measures during sharp market declines. The assessment included system capability and time required for implementation, though officials emphasized technical feasibility has been confirmed without commitment to actual deployment. The exchange also evaluated narrowing the current 30% daily price l

According to ChainCatcher, MEXC Ventures became the title sponsor of Alpha Arena S03, bringing the esports-style trading competition to Asia-Pacific for the first time. The event will take place on August 20 at Coinfest Bali, with TRIV serving as co-organizer. The competition is expected to attract over 50 traders from 3 markets competing for a $100,000 prize pool through trading competitions, community interactions, and ecosystem collaborations.

Following Fed Chair Kevin Warsh's comments at the FOMC press conference on July 29, market concerns about the Fed's inflation-fighting credibility prompted a sharp repricing. The 30-year Treasury yield surged 10 basis points to 5.21%, marking the highest level since June 2007, while the 2-year yield declined 5 basis points. Warsh's suggestion that recent long-term yield increases and higher borrowing costs may reduce the immediate need for further rate hikes triggered bond market volatility and

On July 29, South Korea's Deputy Prime Minister Koo Yun-cheol confirmed the government will implement a 20% cryptocurrency tax starting January 1, 2027, ending three previous postponements. Annual digital asset gains exceeding 2.5 million won will be subject to the separate income tax rate, bringing the effective rate to 22% with local levies included. During parliamentary debate, lawmakers raised concerns that the current framework does not permit loss carryover to offset future gains, warning

According to Reuters, on June 16, a U.S. private autonomous surface vessel operated by California-based company C-Enduro (CSL) named 'Lightfish' captured close-range video footage of a Chinese Navy Type 052D guided-missile destroyer approximately 105 kilometers east of Luzon in the Philippines' exclusive economic zone. Reuters reported the incident on July 29, noting this marked the first instance of a U.S. commercial enterprise photographing a Chinese military vessel using an uncrewed surface d

According to Ned Davis Research, S&P 500 company stock buybacks slipped below $1 trillion in the first quarter of 2026, down from over $1 trillion per quarter throughout 2025, signaling a shift in corporate capital allocation. Communications sector buybacks declined significantly from a peak of $230 billion to approximately $186 billion, while tech sector repurchases fell from over $260 billion to $250 billion. Goldman Sachs attributed the pullback to massive artificial intelligence capital expe