Gate Crypto Flash News and Market Updates

According to Hong Kong Exchanges and Clearing, Shein International Holdings passed the main board listing hearing on July 26, with Goldman Sachs, Morgan Stanley, and JPMorgan as joint sponsors. By 2025 retail sales, the company is the world's largest online fashion destination and among the top five global apparel and footwear companies. The company served approximately 273 million active customers across roughly 160 markets in 2025, with full-year 2025 net revenue of $41.847 billion.

On August 2, Alphabet Inc.'s 60-day lock-up period expires following a $10.4 billion stock offering completed in June, when the company issued 29.3 million shares at $355.20 per share. Since the offering, Alphabet stock has declined 10%, underperforming the S&P 500 Information & Communication Services Index, which fell 9% over the same period, and the broader S&P 500 Index, down 1.9%.

According to Herald Economics, Samsung Electronics, SK Hynix, Microsoft, Meta, Amazon, and Apple are set to report second-quarter earnings this week, alongside a U.S. Federal Reserve policy meeting. The earnings announcements and FOMC decision are expected to shed light on major technology companies' investment strategies, particularly regarding artificial intelligence infrastructure spending, which could influence broader market sentiment.

According to Korea Exchange, circuit breakers were triggered on South Korea's KOSPI and KOSDAQ markets for five consecutive trading days from July 20-24, 2026. The unprecedented streak was driven by heightened volatility stemming from Middle East geopolitical risks, concerns over the sustainability of global AI investments, and sharp swings in semiconductor stocks.

According to Financial News and Samsung Asset Management, KODEX Consumer Discretionary ETF gained 28.3% in the past three months as of July 26, outperforming technology-focused funds amid market volatility. The fund, which tracks the KRX Consumer Discretionary index, achieved 50% returns since the start of 2026 despite a 4.68% decline over the past month. Holdings include LG Electronics, Hanjin Kal, Coway, and hospitality stocks sensitive to domestic consumption recovery. Samsung Asset Managemen

According to Odaily, at least 29 overseas crypto exchanges have been delisted from South Korea's Google Play store, based on an investigation of the top 50 derivative exchanges ranked on CoinMarketCap. The affected platforms include OKX, Bybit, MEXC, KuCoin, BingX, Gemini, BitMEX, and Backpack Exchange.

According to BlockBeats, on July 26, Elon Musk's interview with The Economist Editor-in-Chief Zanny Minton Beddoes aired, featuring sharp exchanges over his political rhetoric and influence. Beddoes accused Musk of spreading false panic about Europe, promoting far-right narratives, and becoming a primary driver of social media tribalism. Musk denied racism allegations, citing his mixed-race partner and ethnically diverse executive team. The two clashed over Musk's claims that civil war looms in

According to Petronet (Korea National Oil Corporation's data platform), Brent crude prices reached $96.78 per barrel on July 24, up $8.68 from $88.10 one week earlier. Dubai crude and WTI rose $13.50 and $6.82 respectively. On July 23, Houthi forces attacked two tankers in the Red Sea, pushing Brent above $100.69 per barrel—the first time since May 22. South Korea's KOSPI index fell 5.72% to 6,690.62 on July 24 amid market volatility. Continued oil price increases may drive consumer inflation hi

The U.S. central region is experiencing extreme heat this week as a heat dome intensifies, affecting over 100 million people. The National Weather Service has issued extreme heat warnings, with heat index values projected to reach 112°F (44.4°C) across the central plains. The heat dome will continue to push westward through the week, with southwestern states and California expected to face severe conditions extending into early August. Separately, Hurricane Fausto is anticipated to weaken and pa

According to Iran's Mehr News Agency, a tanker collided with a naval mine and exploded in the Strait of Hormuz today (July 26). The vessel had deviated from Iran's designated shipping lane in the waterway.

According to CCTV, on July 26, Serbian President Aleksandar Vučić outlined the timeline for the country's presidential election, which will depend on the schedule of parliamentary elections. If parliamentary elections are held in October, the presidential election could take place as early as late December 2026 or early January 2027. Should parliamentary elections be held in November, the presidential election will occur in January 2027, no later than early February.

According to OpenAI's status page, ChatGPT and Codex experienced a widespread outage that has now been resolved. Error rates remained elevated for over 1 hour during the incident.

Yemen's Houthi movement announced on July 25 that it had conducted two operations using ballistic missiles, cruise missiles, and drones to strike Saudi Aramco facilities in Jizan and Yanbu, according to a statement by the group's spokesperson Yahya Saree broadcast by the Houthi-affiliated Al Masirah TV. The group described the strikes as retaliation for Saudi-led coalition airstrikes on Houthi-controlled areas. Saree stated both operations "successfully achieved their intended objectives," thoug

According to Japan Imperial Database, nearly 1,900 food products will see price increases in August 2026, including flour, instant noodles, and frozen foods. The survey of 195 major food and beverage manufacturers also projects over 3,000 products will increase in price in September. Based on current trends, the company estimates approximately 20,000 food items will see price hikes across Japan throughout 2026.

According to China Galaxy Securities, the U.S. trade representative announced new tariffs on July 23 under Section 301, effective July 24, replacing expiring temporary import duties with three-tier tariff rates of 10% to 12.5% on 60 major trading partners, including China. The tariffs replace the 10% temporary tariff that expired on July 24. China Galaxy Securities estimates that the 12.5% tariff on Chinese goods will raise the U.S.'s weighted average tariff rate on mainland China from approxima

According to Reuters citing AFP reporting on July 26, with just 100 days until the U.S. midterm election, Republicans led by President Trump face a challenging political landscape. Election forecasting platform Decision Desk HQ projects Democrats have a 59% probability of winning control of the House. Democrat-cited polling shows voters now trust Democrats more than Republicans on inflation, healthcare, and immigration—traditionally a Republican strength—marking a significant shift in voter sent

According to Token Unlocks data, SUI, EIGEN, and FF tokens will face significant unlocks next week starting July 29. Sui (SUI) will unlock approximately 13.72 million tokens worth $9.9 million on August 1 at 8:00 AM Beijing time, representing 0.34% of circulating supply. EigenCloud (EIGEN) will unlock about 36.82 million tokens valued at $7.6 million on August 1 at 12:00 PM Beijing time, equivalent to 5.79% of circulating supply. Falcon Finance (FF) will unlock approximately 102 million tokens w

According to Caixin reporting, on July 25, Elon Musk stated in an interview with The Economist that China could potentially become an AI leader in the future, and that US restrictions on Chinese models will not prevent this outcome. On the same day, Nvidia CEO Jensen Huang said in a media interview that talented people will always find excellent solutions, and that China is destined to produce outstanding AI technology; he added that the world should continue to learn from and collaborate with C

On July 26, Palestinian President Abbas issued letters to world leaders, the European Union, the Arab League secretary general, and the UN Security Council chair, urging urgent international action to stop Israeli military operations and settler attacks against Palestinians in the West Bank, including East Jerusalem.

According to Iran's foreign ministry spokesman Baghaei, Iran and Oman held deputy foreign minister-level talks on July 26 regarding safe navigation and management of the Strait of Hormuz, achieving what he described as a "fruitful" outcome with some progress made. Oman's delegation departed Tehran on July 25, though both sides said technical and political consultations will continue.