Gate Crypto Flash News and Market Updates

According to ChainCatcher, Ethereum spot ETFs recorded $70.47 million in net inflows on July 8, extending a five-day streak of positive flows. Fidelity's FETH ETF led with $69.21 million of the day's inflows. As of the report date, the total assets under management for Ethereum spot ETFs reached $9.34 billion, with cumulative net inflows of $11.01 billion.

According to PANews, ethereum spot ETFs recorded net inflows of $70.48 million yesterday (July 8, ET), based on data from SoSoValue. Fidelity's FETH ETF led inflows with $69.21 million, bringing its total historical net inflows to $2.18 billion. Ethereum spot ETF assets under management reached $9.34 billion, with the category's cumulative net inflows hitting $11.01 billion.

According to SoSoValue data cited by PANews, bitcoin spot ETFs recorded net outflows of $84.86 million on July 8 (U.S. Eastern Time). Grayscale's GBTC ETF led single-day outflows with $63.69 million, bringing its historical cumulative net outflows to $2.728 billion. In contrast, Grayscale's Bitcoin Mini Trust ETF (BTC) saw the largest single-day inflow of $52.83 million, with historical cumulative net inflows reaching $2.493 billion. As of report time, total bitcoin spot ETF assets under managem

According to its July 8 report, the International Monetary Fund cut its 2026 global economic growth forecast to 3%, down from its April estimate of 3.1% and 2025's 3.5% growth rate. The downgrade reflects energy shocks from ongoing geopolitical tensions, with international oil prices rising nearly 32% this year. The IMF also projects global inflation to reach 4.7% in 2026, up from 4.1% in 2025. The U.S. economy is expected to grow 2.3% this year, while the eurozone is seen growing just 0.9% and

According to Onchain Lens monitoring, the Summer.fi attacker wallet (0x7BF...b3bdca) received 6.017 million DAI from the exploit. Today, 1.35 million DAI were converted to ETH via Uniswap and transferred to Tornado Cash through a second wallet (0x46e...eba7), which now holds approximately 50 ETH.

Xiaopeng Group officially launched employee testing for its Robotaxi service on July 9. CEO He Xiaopeng stated that Robotaxi represents a critical step in the company's transition from electric vehicles toward autonomous robot vehicles, and serves as a key component of Xiaopeng's physical AI strategy. The company plans to position itself as a global software and hardware service provider for Robotaxi, offering complete solutions to international partners.

According to Banking Dive, Sony received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on July 9, 2026 to establish a national trust bank. The company plans to launch Connectia Trust in 2027, a stablecoin trust focused on issuing and managing U.S. dollar-denominated stablecoins. The trust subsidiary, part of Sony Financial Group, will operate with an initial capital of $40 million.

According to traders, India's central bank likely intervened on July 9 to support the rupee amid rising oil prices from Middle East tensions. The rupee traded at 95.49 against the dollar, slightly stronger than the previous close of 95.5550. Traders observed at least two state-owned banks selling dollars, likely acting on behalf of the Reserve Bank of India.

On July 9 at market close, energy and chemical futures led gains, with low-sulfur fuel oil (LU) rising over 6%, while SC crude and fuel oil climbed over 5%. Conversely, shipping, precious metals, and soft commodities entered correction mode, with the China Containerized Freight Index (CCFI) European route falling over 7%.

According to The Block, Ark Invest purchased 181,847 shares of SpaceX worth approximately $27 million on Wednesday. SPCX shares declined 0.81% to close at $148.26. The stock has fallen 13.5% over the past five trading days.

Wall Street analysts lifted price targets on Penguin Solutions Inc. (PENG), Arista Networks Inc. (ANET), and Biocryst Pharmaceuticals Inc. (BCRX) on Wednesday, sending all three stocks to 52-week highs. PENG surged over 25% to $80, driven by analyst upgrades citing continued AI infrastructure demand; Citizens raised its target to $85 from $65. ANET climbed nearly 9% to $181.27 on growing optimism for its data center networking solutions, with KeyBanc lifting its target to $200 from $178. BCRX ga

On July 8, China's National Disaster Prevention and Mitigation Commission organized a joint meeting with the Ministry of Emergency Management, China Meteorological Administration, Ministry of Natural Resources, Ministry of Housing and Urban-Rural Development, Ministry of Transportation, Ministry of Water Resources, and Ministry of Agriculture and Rural Affairs, along with representatives from Shanghai, Zhejiang, and Fujian provinces, to assess the development of Super Typhoon Bavi and deploy flo

On July 7, Micron Technology shares closed at $938.38, marking a retreat of 22.66% from the all-time closing high of $1,213.37 reached on June 25, officially entering bear market territory. Intraday lows hit $891.66, representing a 28.94% decline from the June 25 intraday peak. The selloff was driven by investor concerns over elevated valuations and doubts regarding the sustainability of AI infrastructure investment.

According to Foresight News, Lighter launched perpetual futures for Cash Cat (CASHCAT), a Robinhood Chain meme token, with maximum 3x leverage.

According to Foresight News, Base activated the B20 token standard on the mainnet early today (July 9). The B20 standard, introduced with the Base Beryl upgrade, is compatible with ERC-20 and is designed for stablecoins, real-world assets (RWA), and equity-based assets.

According to ClearBridge Investments, the S&P 500 is expected to extend gains in the second half of 2026 despite elevated valuations, supported by robust earnings growth. On July 8, the global asset manager, which oversees approximately $196 billion in assets, noted that the S&P 500's price-to-earnings ratio exceeds 20x, now considered a post-pandemic norm. The firm highlighted that forward 12-month earnings per share estimates have surged 155% since the pandemic. ClearBridge also cited supporti

According to Bitcoin.com News, Flexa expanded its digital asset payment platform across 37 SEPA (Single Euro Payments Area) countries and territories on July 8, 2026. The expansion enables merchants to accept digital asset payments with immediate settlement in euros, without managing custody, volatility, chargebacks, or replacing existing checkout infrastructure. Flexa's European operations are anchored by Flexa Polska in Warsaw, formed ahead of the European Union's Markets in Crypto-Assets Regu

According to Beating, the OpenClaw Foundation, the nonprofit governing body for open-source personal AI agent project OpenClaw, has formally launched operations. The foundation oversees governance, funding, community management, and long-term maintenance while ensuring the project remains open-source and independent. Founding partners include OpenAI, Nvidia, Microsoft, University of Michigan, GitHub, Cloudflare, Vercel, and Tencent. Tencent will provide support in security, deployment, and infra

According to Federal Reserve minutes released on July 9, U.S. central bank officials listed AI investment booms as one of three major inflation risks, alongside Middle East conflicts and tariffs. In their June meeting, officials agreed they would need to raise interest rates if inflation remains elevated this year, but could maintain rates if price pressures ease quickly.

According to CNBC on July 9, U.S. Congress members opened an investigation into American enterprises increasingly adopting Chinese AI models to reduce costs, as lawmakers consider countermeasures. The House Committee on Homeland Security and House Select Committee on China announced the joint probe, with concerns that Chinese AI systems are designed to advance Beijing's narratives and ideology. While some U.S. government agencies have already prohibited using models such as DeepSeek, no blanket