Gate Crypto Flash News and Market Updates

Advanced Semiconductor Engineering reported second quarter revenue of TWD 191.06 billion, exceeding estimates of TWD 188.65 billion by TWD 2.41 billion or 1.28%.

According to China's Ministry of National Defense, the Navy conducted open visits and cultural exchanges in Hong Kong recently, with enthusiastic participation from Hong Kong and Macau residents. The naval fleet organized a series of public viewing activities and cultural interaction events in the city.

According to China's Defense Ministry spokesperson Colonel Chen Xi on July 9, Japan's House of Councillors recently approved amendments to the Defense Ministry Organization Act, renaming the Air Self-Defense Force to the "Aerospace Self-Defense Force" and establishing a "Space Operations Group." The spokesperson noted that Japan's space-related military spending has increased tenfold in the past five years, with combat personnel expanding over thirtyfold, characterizing these measures as acceler

According to analysts at Korea Investment & Securities, the Bank of Korea will unanimously raise its benchmark interest rate by 25 basis points at its monetary policy committee meeting on July 16. Analysts Choi Ji-wook and Moon Da-woon cited steady economic growth and inflation remaining above the central bank's target level as likely drivers for the hike. The analysts also noted a possibility of back-to-back rate increases in July and August if the bank's assessment of core inflation proves str

According to The Kobeissi Letter, the ratio of Nasdaq-100 VXN to S&P 500 VIX volatility indexes reached 1.7 on July 9, marking a 23-year high. Current VXN stands at 28 points versus VIX at 16 points, a 43% differential. The index has remained above 20 points for five consecutive months, the longest stretch since the 2022 bear market, reflecting significant volatility pricing in tech stocks.

On July 9, European major indices opened with mixed performance. The Stoxx 50 gained 0.97%, the DAX rose 1.01%, and the CAC 40 increased 0.81%, while the FTSE 100 declined 0.23%.

According to China's Foreign Ministry spokesperson, North Korea's Premier Pak Thae Sung will visit China on July 10-12 to attend a commemoration marking the 65th anniversary of the Sino-North Korean Treaty of Friendship, Cooperation and Mutual Assistance. Pak will lead a North Korean party and government delegation on the official visit.

UK government bond yields across all maturities declined by 4-6 basis points during early London trading on July 9.

On July 9 (Thursday), major European stock indices opened with mixed movements. Germany's DAX 30 index rose 247.33 points, or 0.99%, to 25,113.00 points; France's CAC 40 advanced 59.35 points, or 0.72%, to 8,312.01 points; and Europe's Stoxx 50 index gained 56.94 points, or 0.92%, to 6,261.85 points. The UK's FTSE 100 index declined 30.04 points, or 0.29%, to 10,459.00 points. Spain's IBEX 35 rose 1.11%, while Italy's FTSE MIB climbed 0.81%.

According to Jin10 Futures, spot platinum rose 1.86% and spot palladium rose 1.78% in midday trading as of 15:00 Beijing time on July 9.

Palladium spot price climbed 2.00% intraday to $1,238.87 per ounce as of July 9.

According to Bitget data, SMIC's A-share stock surged nearly 15% on July 9, with market capitalization reaching 1.49 trillion yuan, overtaking Kweichow Moutai at 1.48 trillion yuan (down 1.43% on the day).

According to the Bureau of Internal Revenue, the temporary excise tax suspension on kerosene and liquefied petroleum gas (LPG) ends on July 8, after Dubai crude oil prices fell below the government's $80-per-barrel trigger. The Department of Energy (DOE) certified that the one-month average Dubai crude price from June 1 to 30 stood at $79.45 per barrel, initiating an automatic termination clause under Executive Order No. 114. During the suspension, consumers received direct savings of approximat

According to LS Securities analyst Hwang San-hae on July 9, Samsung Electronics and SK Hynix have reached historic valuation lows, with 12-month forward price-to-earnings ratios of 4.8x and 5.3x respectively amid recent stock declines and improved profit forecasts. However, the report cautions that low valuations alone do not justify increasing positions, citing AI cycle-specific discount structures and earnings reassessment distortions. Key risks include potential supply expansion, memory bottl

According to Odaily, Hong Kong-listed chip and AI computing stocks surged significantly. GigaDevice (03986.HK) rose over 20%, Montage Technology (06809.HK) gained 17.5%, Cambridge Technology (06166.HK) rose 12.8%, and SMIC (00981.HK) climbed over 12%.

According to Odaily, Ave.ai has now enabled support for Robinhood Chain trading, allowing users to view and trade assets on the Layer 2 network. The feature expansion enables users to discover and execute trades for Robinhood Chain-based assets, including stock tokens and real-world assets (RWA), directly within the Ave.ai platform.

According to Odaily, Ave.ai has launched its Perp DEX functionality on iOS and integrated Hyperliquid perpetual contract trading capabilities. Users can now access perpetual futures trading through Ave Wallet Pro on mobile, enabling on-chain derivatives trading directly from their phones. The integration allows users to view real-time Hyperliquid contract market data, manage account positions, and execute open/close orders, lowering barriers to mobile-based on-chain contract trading.

According to predict.fun, France's probability of winning the World Cup quarterfinal against Morocco stands at 63%, with a draw at 25% and Morocco's victory at 14%. The match is scheduled for July 10 at 4:00 AM Beijing time and covers only the regular 90-minute play plus injury time, excluding extra time or penalties.

According to Coinglass data, the crypto market experienced $207 million in liquidations over the past 24 hours as of July 5. Long liquidations totaled $59.98 million, while short liquidations reached $147 million. Bitcoin long liquidations amounted to $10.42 million with shorts at $50.19 million, while Ethereum recorded $18.22 million in long liquidations and $50.63 million in short liquidations. A total of 65,284 traders were liquidated, with the largest single liquidation worth $6 million on B

According to OPEC, U.S. Energy Information Administration, and UN trade data, the Middle East exported 16.3 million barrels of crude oil daily in 2025, far exceeding the Commonwealth of Independent States (6.2M b/d) and Africa (4.6M b/d). China emerged as the world's largest crude importer at 11.5 million barrels daily, followed by the European Union at approximately 8.7 million barrels daily. Other major Asian importers included India (5M b/d), South Korea (2.8M b/d), and Japan (2.4M b/d). Nort