Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, U.S. 10-year Treasury yields rose by 2.50 basis points to 4.567% on July 20 (EDT morning), while 2-year yields climbed 2.60 basis points to 4.198%. Bond prices fell as inflation concerns stemmed from intensifying U.S.-Iran military operations and Houthi forces' declaration to blockade the Red Sea around Saudi Arabia. The U.S. military completed nine consecutive days of airstrikes targeting Iran's military capabilities in the Strait of Hormuz region. Meanwhile, Iranian

According to Capitec Macroeconomics, the gap between 10-year and 2-year U.S. Treasury yields is expected to narrow further in coming months, potentially leading to a full yield curve inversion. The macroeconomic research firm cited geopolitical tensions around the Strait of Hormuz as a contributing factor. Capitec projects the Federal Reserve will raise rates by 75 basis points over the next year, significantly above the 40 basis points currently priced into markets.

On Monday (July 20), Eurozone sovereign bond yields moved higher in late European trading. France's 10-year yield rose 2.2 basis points to 3.948%, while Italy's 10-year yield climbed 2.7 basis points. Spain's 10-year yield gained 2.0 basis points to 3.609%, and Greece's 10-year yield increased 2.2 basis points to 3.872%.

According to a Chevron statement, the company is shutting down oil production at its Petronius platform in the Gulf of Mexico and evacuating all personnel to land in response to an approaching tropical storm. Chevron said oil production at its other Gulf of Mexico operations continues at normal levels. The company is also evacuating non-essential staff from its Tubular Bells and Blind Faith platforms and implementing storm preparedness procedures at onshore facilities.

According to Bitcoin.com News, Morgan Stanley overtook Goldman Sachs as Wall Street's top AI debt-deal bank in 2026 as global AI-related debt issuance approached $570 billion. Morgan Stanley CEO Ted Pick noted that data center capital expenditure surged to roughly $850 billion in 2026, up 48% from a $575 billion forecast made in November 2025. The bank and JPMorgan are arranging approximately $13 billion in financing for a Meta Platforms data center in El Paso, Texas.

According to ChainCatcher citing CryptoRank, top crypto venture firms maintained aggressive deal-making throughout 2025 and into 2026, with Coinbase Ventures participating in around 33 investments, Animoca Brands in approximately 19, and Andreessen Horowitz's crypto arm in about 18. However, the DeFi sector has faced intensifying headwinds, with venture capital investment declining for three consecutive quarters. DeFi funding in the second quarter of 2026 hit its lowest level since the fourth qu

According to CoinGlass, global crypto futures contracts saw approximately $215 million in liquidations over the past 24 hours, affecting 78,151 traders. Long positions accounted for $125 million of the liquidations, while short positions totaled $89.64 million. The largest single liquidation occurred on Binance's ETHUSDT contract at approximately $3.916 million, with Binance accounting for over half of total liquidations at $112 million.

According to ChainCatcher citing RootData Pro data, Binance holds the highest open interest (OI) in Zhipu futures contracts at 1.79 million USD, followed by Bitget at 780,100 USD and OKX at 243,700 USD. In MiniMax futures, Binance leads with 607,000 USD OI, trailed by Bitget at 510,700 USD. The surge in derivative trading activity follows recent sharp declines in both stocks. Across exchanges, Bitget offers the lowest bid-ask spreads for both contracts, while HTX and Aster face significantly hig

According to Coinbase CEO Brian Armstrong, the long-term price of Bitcoin is determined primarily by inflation expectations rather than mining activity or energy consumption. In recent posts on X, Armstrong argued that Bitcoin's price moves in parallel with inflation concerns, not hash power or network difficulty. He emphasized that even if miners leave the market, network difficulty adjusts automatically to maintain consistent block production, making mining activity irrelevant to price dynamic

According to Foresight News, Monad's development team Category Labs proposed an on-chain transaction ordering mechanism called "unanimity override." The protocol allows applications to express ordering preferences directly on the shared chain without establishing separate sidechains or Rollups. When all applications with aligned interests reach consensus on transaction sequencing, the protocol honors that consensus; remaining transactions are ordered by priority fees. The mechanism is applicable

President Donald Trump called on House Republicans to vote this week in support of a budget bill.

According to BlockBeats, Alphabet stock rose 2.8% on July 20, boosting the combined wealth of Google co-founders Larry Page and Sergey Brin by approximately $15 billion. Page's net worth increased by around $8 billion to $292.4 billion (second globally), while Brin's rose by $7.4 billion to $269.7 billion. The rally was driven by reports that Google is developing a new AI chip codenamed Frozen v2, with efficiency gains up to 10 times over its predecessor. Google plans to deploy the chip as early

According to U.S. Central Command (CENTCOM), the U.S. military completed nine consecutive overnight strikes against Iran on July 19 at 10 p.m. ET. The operations targeted Iranian military command centers, broadcast facilities, coastal surveillance systems, naval assets, missile and drone launch sites, and communications infrastructure to degrade Iran's capability to attack commercial vessels transiting the Strait of Hormuz. Meanwhile, Pakistan and Qatar proposed a 10-day ceasefire to both the U.

According to IRNA, Iran's Interior Minister arrived in Islamabad, Pakistan's capital, on July 20.

On July 20, German DAX 30 index closed up 0.12% at 24,862.78 points. France's CAC 40 rose 0.11%, Italy's FTSE MIB gained 0.04% with its banking index up 0.71%, while the UK's FTSE 100 fell 0.73%.

On July 20, the U.S. 3-month Treasury bill auction settled at a yield of 3.73%, down from 3.76% in the previous auction.

The U.S. 6-month Treasury Bill auction on July 20 saw a bid-to-cover ratio of 2.94, down from the previous auction's 3.11.

On July 20, the U.S. 3-month Treasury bill auction achieved an acceptance rate of 73.01%, significantly higher than the previous auction's 8.47%.

The U.S. 6-month Treasury auction on July 20 saw the winning bid yield settle at 3.835%, down 2.5 basis points from the previous auction's 3.86%.

The bid-to-cover ratio for the U.S. 3-month Treasury auction reached 3.0 on July 20, up from 2.84 in the previous auction, indicating stronger demand from bidders relative to the amount of debt offered.