Gate Crypto Flash News and Market Updates

According to CryptoQuant analyst Crazzyblockk, the simultaneous occurrence of crowded long positions, declining spot trading volume, and whale selling typically signals an imminent local top and subsequent pullback in the market.

According to Foresight News, Binance Wallet will support Base B20 token trading immediately upon the token's launch. Additionally, Meme Rush will enable B20 token filtering and labeling features to help users discover tokens more quickly.

According to The Block, Spiral, Jack Dorsey's Bitcoin development unit, is expanding into AI by integrating core developers from Goose, an open-source project being developed as an agentic AI platform.

According to Iranian official media, on July 8, Ibrahim Azizi, chair of Iran's parliamentary committee on national security and foreign policy, demanded that the United States recognize a new Iranian regime in the Hormuz Strait. The statement followed Iran's Revolutionary Guards announcement of strikes targeting American military facilities in the region, which the committee chair characterized as an initial response to U.S. aggression. "There is no alternative: the new Iranian system in the Hor

According to Xinhua News Agency, Iran's President Masoud Pezeshkian stated on July 8 that the United States' conduct as World Cup host reflects its typical diplomatic behavior of changing rules, bullying opponents, and creating obstacles. Pezeshkian said Iran will not engage further and will firmly defend its rights.

According to state media, on July 8, Iran's Khuzestan Province was struck at 3 locations by U.S. munitions, leaving 1 dead and 2 injured, according to provincial officials.

HSBC has lowered its 2027 Brent crude oil price forecast to $65 per barrel, down from a previous estimate of $75 per barrel, according to the bank's latest commodity outlook.

According to Talos research, Strategy sold 3,588 BTC between June 29 and July 5 to pay preferred share dividends and rebuild its U.S. dollar reserves. The sale represents only 0.42% of Strategy's total Bitcoin holdings, generating approximately $218.5 million in proceeds. This marks only the third and fourth BTC sale since the company began accumulating the asset in 2020, signaling a shift from pure accumulation to active balance-sheet management driven by the company's growing preferred share o

Brent crude oil three-month futures spread touched $2.36 per barrel on June 17, marking the highest level since June 16, according to market data. The move came one day after the United States and Iran signed a memorandum of understanding on peace negotiations.

According to HSBC, the bank cut its 2026 Brent crude oil price forecast to $80 per barrel.

According to crypto educator James Rule XRP, nearly 40% of all XRP wallets were created in 2024 and 2025 alone. The data, presented in a yearly wallet-creation breakdown, suggests that XRP is experiencing one of its strongest periods of sustained user growth, with wallet creation serving as a more reliable indicator of long-term network adoption than price movements. The surge aligns with notable ecosystem developments. U.S. technology firm Made in USA Inc. recently acquired a full XRPL technolo

According to Iran's FARS News Agency, two military bases in Bushehr Province were struck by enemy attacks on July 8. No casualties have been reported so far.

Israel's Finance Ministry announced on Wednesday that the country recorded a budget deficit of 8.6 billion shekels in June.

Broadcom reversed course in premarket trading on July 8, after earlier declining nearly 3% during the session.

According to ChainCatcher, based on blockchain analyst Yu Chen's monitoring, Hyperliquid's team currently holds 241 million HYPE tokens fully staked, generating approximately $1 million in daily staking rewards. Since the token's launch 18 months ago, the team has accumulated 8.08 million HYPE from staking rewards, valued at $565 million. After selling approximately 4.93 million HYPE, the team's position has grown from the initial 238 million to 241 million tokens, now worth approximately $1.65

According to BlockBeats, on July 8, Apple and Broadcom announced a multi-year chip supply agreement exceeding $30 billion and covering over 15 billion U.S.-manufactured chips.

According to Jin10, Soukesheng Health Limited, a subsidiary of Huahai Pharmaceuticals, received a cumulative $14.2296 million in U.S. tariff refunds as of today (July 8), accounting for 36.36% of the company's latest audited net profit. The refunds follow a February 2026 U.S. Supreme Court ruling that the government exceeded its legal authority under the International Emergency Economic Powers Act (IEEPA) when imposing the tariffs, making those measures invalid. The U.S. Customs and Border Prote

According to reports on July 8, Northeast Asian refiners have sold at least 8 cargoes of August-loading diesel, each ranging from 300,000 to 750,000 barrels. Refining margins have eased to slightly above $45 per barrel, reflecting strength in crude oil markets, while cash spreads have softened to slightly above $1.10 per barrel amid thin trading. Jet fuel swap markets showed some relief in the cash premium, with the spread between jet fuel and diesel continuing to hover around a $1.50 per barrel

On July 8, 2026, Lido DAO (LDO) surged 16.79% to $0.3269, driven by two major infrastructure breakthroughs. Lido Finance enabled users to transfer wrapped staked Ether (wstETH) directly to Robinhood, expanding retail access to liquid staking. Simultaneously, the protocol secured integration with Anchorage Digital, a federally chartered U.S. crypto bank valued at $4.2 billion, allowing institutional clients to mint and redeem wstETH within a regulated custody environment. 24-hour trading volume j

South Korean fintech app Toss launched a strategic partnership with Optimism and Sunnyside Labs on July 8, 2026, to conduct a three-month proof-of-concept (PoC) project evaluating blockchain infrastructure for a potential Korean won-based stablecoin. The initiative will assess whether Optimism's OP Stack technology can support Layer 2 blockchain-based financial infrastructure designed for institutional compliance, combining regulatory requirements such as KYC and AML procedures with privacy prot