Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
14:05

CXMT Pre-IPO Contract Falls to $6.81 on Hyperliquid, Down 5% on July 19

According to BlockBeats citing Hyperinsight monitoring, CXMT (Changxin Storage) Pre-IPO contract price on Hyperliquid fell to $6.81 on July 19, down over 5% in 24 hours. The price corresponds to 46.15 RMB per share. Based on post-IPO total shares of 6.688 billion, the implied on-chain market value is approximately $455.4 billion or about 3.08 trillion RMB.
14:01

Tech Stock Selloff Hits 40% in 17 Trading Days, Goldman Sachs Says Driven by Structure, Not Fundamentals

According to Goldman Sachs analysis, the recent severe tech stock selloff is a structural rather than fundamental decline. The momentum factor tracking technology, media and telecom stocks crashed 40% in just 17 trading days, marking the fastest and deepest pullback on record. Goldman Sachs hedge fund executive Mark Wilson attributed the historic sell-off to overcrowded positions and concentrated leverage rather than deteriorating corporate earnings or economic conditions. The selloff's scale is
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14:00

Nansen CEO Turns Bullish on Apple Citing Five Key Factors: AI, Hardware, Cash Flow

Nansen CEO Alex Svanevik recently announced he has turned bullish on Apple, citing five supporting reasons including improved Siri capabilities, on-device AI inference, new CEO John Ternus's hardware background, strong free cash flow, and brand leadership. Svanevik noted that Siri's experience in iOS 27 Beta has improved noticeably with progress in search functionality. Small AI models will benefit Apple significantly, enabling high-quality on-device AI inference directly on users' devices while
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13:55

Whale Transfers 19,235 ETH Worth $35.34M to Binance on July 18

According to PANews and on-chain analyst Yuejin, whale geministar.eth transferred 19,235 ETH (approximately $35.34 million) to Binance on July 18. The transfer marks the whale's return of these assets to the exchange after withdrawing them about one month prior, realizing gains of roughly $1.4 million from the price increase.
13:45

Mali Military Convoy Ambushed in Northern Region, Over 50 Killed

According to Jin10 data, a Mali military convoy was ambushed on July 18 in northern Mali by extremist and separatist armed groups while traveling from Anefis to Gao, killing over 50 service members. The military described the attack as an assault by "terrorist armed gangs."
13:37

Prediction Markets Surge to 27% of Sports Betting During 2026 World Cup

During the 2026 FIFA World Cup, prediction markets surged to account for 27% of sports betting activity, significantly outpacing traditional sports betting operators. Kalshi, the largest participant, repeatedly broke its own trading records during the tournament, with trading volume more than doubling the previous peak set one week before the event began and reaching roughly 10 times the levels seen at many points earlier this year.
13:33

Crypto Market Sees $83.95M in Liquidations in 24 Hours, 50,348 Traders Affected

According to Coinglass data via ChainCatcher, the crypto market saw $83.95 million in liquidations over the past 24 hours, with long positions accounting for $26.71 million and short positions $57.24 million. A total of 50,348 traders were liquidated during the period. The largest single liquidation order occurred on Binance's ETH USD perpetual contract, worth $1.764 million.
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13:32

South Korea Weighs Sanctions Against Upbit Operator Dunamu Over $36 Million November Hack

According to reports, South Korea's Financial Supervisory Service sent an inspection opinion letter to Dunamu, operator of crypto exchange Upbit, over a $36 million hack that occurred in November 2025, formally initiating the sanctions process. The letter gives Dunamu an opportunity to respond to inspection findings before the regulator issues proposed penalties or corrective measures. The hack occurred at 4:42 a.m. Korea Standard Time on November 27 and lasted approximately 54 minutes. Upbit di
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13:30

Kraken Launches Dollar-Settled BTC and ETH Options on Kraken Pro

According to Odaily, Kraken launched dollar-settled BTC and ETH options on Kraken Pro today, initially available through request-for-quote (RFQ) trading, with European markets coming later. The exchange plans to expand the offering through order books, broader geographic coverage, and additional assets.
13:25

David Sacks Criticizes OpenAI for Weaponizing Regulatory Uncertainty Against Open-Source Competitors

David Sacks, chair of the U.S. President's Council of Advisors on Science and Technology, recently criticized OpenAI strategist Dean W. Ball for suggesting the U.S. government deliberately create regulatory uncertainty to discourage adoption of models like Kimi K3 from Moon-focused competitors. Sacks stated: "Weaponizing regulatory uncertainty as a competitive tool is completely unacceptable. Regulatory decisions must be grounded in facts, logic, and evidence, not designed to create fear and unc
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13:13

U.S. Energy Secretary Wright Ensures Strait of Hormuz Oil Flow Below 7M bpd

According to recent remarks, U.S. Energy Secretary Wright stated that the United States will ensure oil shipments through the Strait of Hormuz regardless of Iranian assistance. The seven-day rolling average of oil flow through the strategic waterway currently stands below 7 million barrels per day.
13:05

Whale Wallet Closes $3.8M SOLANA Short Position, Profits $197,800 While Depositing $30M to HyperCore

According to Hyperliquid News, a whale wallet has closed the majority of its $3.8 million short position in SOLANA (solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZP pump), realizing profits of $197,800. The wallet has reduced its remaining short position to approximately $300,000 (44,168 tokens). Meanwhile, the wallet has deposited $30 million to HyperCore and currently holds a $3.25 million long position with an unrealized loss of $123,000.