Gate Crypto Flash News and Market Updates

According to Axios, small businesses including spice importer Burlap & Barrel and watch retailer Collective Horology sued the Trump administration last week over newly enacted Section 301 tariffs of 10 percent or 12.5 percent on goods from more than 60 countries. Collective Horology co-founder Asher Rapkin noted that prior tariffs already cost the firm over $160,000 with refunds still pending. Plaintiffs argue the administration set rates in advance and later crafted justifications for specific

According to BeInCrypto, SK Hynix perpetual contract on Hyperliquid fell 17.9% on Tuesday (July 27), liquidating $57.4 million in long positions across 960 accounts. The crash was triggered by an abnormal pre-market order on NXT, a South Korean alternative stock venue, which valued one SK Hynix share at 1,272,000 won—a 28.7% drop from its prior close. Trade.xyz, the market operator under Hyperliquid's HIP-3 framework, had the contract's oracle pull that corrupted price from the external venue.

According to CryptoQuant analyst Darkfost on July 28, long-term Bitcoin holders transferred holdings to exchanges at elevated levels, contributing 5.1% of total inflows. This ratio is near historical peaks, second only to 2020 when it reached 5.5%.

According to Yonhapnews, a white phosphorus leak at the U.S. military base in Pyeongtaek, South Korea was handled on July 28. No casualties were reported.

According to Nikkei, Japan's minimum wage for fiscal 2026 has been set at an average of 1,176 yen per hour nationwide, an increase of 55 yen from the previous level.

According to Business Insider, Amazon scaled back development of several flagship Nova AI models, including Premier, Omni, Reel, and Canvas, on Tuesday ahead of earnings Thursday. The affected models are reportedly in 'KTLO' (Keep The Lights On) mode, an engineering term for software that continues to receive maintenance and support but is no longer a primary development focus. Amazon has shifted engineering resources toward a new initiative called Frontier Model Research (FMR), led by Pieter Ab

According to its announcement, Fortitude brought a 12-megawatt mining facility in Grand Island, Nebraska, online on Tuesday, expanding its owned power portfolio to more than 60 megawatts across seven sites. The facility is the company's first greenfield data center. The company expects the site to reduce its direct cash cost of mining Zcash from approximately $70 per coin to roughly $40 per coin, leveraging lower-cost owned power and more efficient next-generation mining hardware. The facility i

According to Hong Kong Exchanges and Clearing disclosed on July 28, Juchen Semiconductor Co., Ltd. (688123.SH) resubmitted its main board listing application to the HKEX, with China International Capital Corporation as its exclusive sponsor. The company previously submitted its application on January 26, 2026. Juchen is a fabless high-performance non-volatile memory chip design company specializing in designing and outsourcing wafer fabrication, packaging, and testing services.

According to Hong Kong Exchanges and Clearing (HKEX) disclosure on July 28, Ningbo Deye Technology Co., Ltd. (stock code: 605117.SH) submitted its listing application to the HKEX Main Board for the second time. China International Capital Corporation (CICC), CITIC Securities, and Zhongyin International are the joint sponsors. According to its prospectus, Deye Technology is a global solar and energy storage products manufacturer. The company ranked as the world's largest residential energy storag

According to CNBC, Boeing reported a bigger-than-expected loss in the second quarter, with the long-delayed Air Force One program taking a $280 million charge as the aircraft manufacturer ramped up investment for the project. The company's adjusted loss per share reached 76 cents versus an expected loss of 30 cents, while revenue came in at $24.56 billion, slightly above the $24.25 billion forecast. Boeing expects the first Air Force One delivery in 2028.

According to 優分析, Cathie Wood's ARK Invest bought 28,000 Tesla shares worth $9 million and 125,000 SpaceX shares worth $14 million on Monday (July 28), taking advantage of recent price weakness. Tesla has fallen around 18% since releasing its second-quarter earnings report on July 22, while SpaceX has declined approximately 18% from its $135 initial public offering price since June. Tesla remains ARK Innovation ETF's largest holding at over 9% of fund assets, with SpaceX representing around 4.5%

BitMine Immersion Technologies' Ethereum holdings have reached 5.79 million ETH, bringing the crypto treasury firm close to its goal of owning 5% of the circulating supply, as ETH trades at $1,880, down 3.3% on the day. Chairman Tom Lee noted the ETH to BTC ratio reaching a three-month high, with the firm's combined crypto holdings, cash, and strategic investments totaling $11.8 billion. The firm also has approximately 4.92 million ETH staked through its MAVAN platform with projected annualized

According to research from Huawen Futures, China's rapeseed meal (RM) futures main contract RM2609 closed at 2,335 yuan per ton on July 28, down 71 yuan per ton or 2.95% for the day. International crude oil futures plummeted nearly 9% on Monday amid easing Middle East tensions, exerting heavy downward pressure on agricultural commodity markets. CBOT soybean futures fell 3.33% to 1,211 cents per bushel on July 27, while U.S. soybean meal dropped over 3%, eliminating import cost support for rapese

According to Lower House MP Aye Chan and AFP, Myanmar's military-backed parliament approved the Anti-Online Scam Bill on Tuesday, setting the death penalty for those who use violence or unlawful detention to force others into running online scams. Running a scam center or committing digital currency scams carries a maximum sentence of life imprisonment. Scam operations across East Asia, Southeast Asia and Oceania resulted in losses of $88.3 billion to $114.1 billion in 2025, with victims from at

According to OPEC+ representatives, production output for 2026 is expected to remain stable following the organization's September meeting.

On Tuesday, SanDisk stock (NASDAQ: SNDK) extended its selloff, falling 7.14% in premarket trading to approximately $1,187.01, following a 11.02% decline on Monday that closed the session at $1,278.23. The decline is part of a broader semiconductor sector retreat, with memory manufacturers including Micron Technology, SK Hynix and Samsung Electronics also experiencing steep losses as investors reassess valuations tied to the AI infrastructure boom. The selling pressure reflects growing concerns t

Bitcoin spot trading volume hit its lowest level since 2023, down over 75% compared to the end of 2024, according to analysts. Meanwhile, semiconductor stocks have dragged emerging market equities to lows not seen since April, with correlations between U.S. technology stocks and the Korean equity market rising to levels unseen since 2021. Nvidia reported the highest per-capita revenue among listed chipmakers at $6 million, underscoring the sector's concentration dynamics amid broader market retr

According to Bitget market data, SK Hynix shares fell over 6% in premarket trading today (July 28).

Corning shares fell over 15% in pre-market trading on July 28 after the company guided third-quarter core sales to $4.9 billion to $5.0 billion, below the market estimate of $5.0 billion.

According to HBO's Last Week Tonight, John Oliver recently highlighted that Trump earned approximately $1.4 billion from crypto ventures, including NFTs, memecoins, and World Liberty Financial, during his first year back in office. Oliver called Trump "the first crypto president" and described the TRUMP memecoin as a classic pump-and-dump scheme, arguing insiders sold into strength while retail investors absorbed losses. Meanwhile, TRUMP memecoin trades near $1.48, down roughly 6% in 24 hours, w