Gate Crypto Flash News and Market Updates

According to Jin10, U.S. strategic petroleum reserves fell to their lowest level since February 1983 during the week ending July 31, according to the Energy Information Administration.

According to E-Daily, SpaceX reported on August 5 a Q2 loss per share of $0.09, beating the market consensus estimate of $0.26 loss. The earnings mark the company's first quarterly results since its public listing. The stock declined following the announcement amid increased artificial intelligence-related expenditures.

According to Fox News, U.S. Treasury officials removed Iran-related sanctions information from its website today (August 5). A Treasury official stated the removal does not represent any policy change toward Iran's government, the Islamic Revolutionary Guard Corps' Quds Force, designated terrorist organizations, or their affiliates. The official described the action as part of a routine administrative review following a reassessment of circumstances related to Baghdad Airlines.

According to EIA data compiled by Jin10, U.S. crude oil exports increased 218,000 barrels per day to 3.685 million barrels per day in the week ended July 31. Domestic crude production rose 8,000 barrels per day to 13.804 million barrels per day, while commercial crude inventories excluding strategic reserves grew 2.479 million barrels to 407 million barrels, up 0.61%.

According to BNB Chain's official blog, the platform launched an open hackathon titled 'Build the Era' on August 5, seeking AI Agent trading platform solutions for BNB Smart Chain. Total prizes and rewards exceed $40,000, comprising $30,000 USDT from BNB Chain, $10,000 USDT from TermiX, and 1,000 CAKE from PancakeSwap. Winning projects may be adopted as official trading platforms in BNB Agent Studio and launched as independent brands. Submission deadline is September 9, with judging through Sept

According to the U.S. Energy Information Administration, the week ending July 31 saw distillate fuel oil implied demand reach 5.8251 million barrels per day, up from 5.3103 million barrels per day in the prior week.

According to Xinhua, South Korean authorities and Kazakhstan law enforcement jointly dismantled a Korean fraud ring operating in Almaty on August 5. A multi-department task force arrested 14 members in Kazakhstan on July 23, with an additional 5 suspects captured in South Korea. All arrested individuals have been repatriated to South Korea between July 28 and August 5.

Xylo Holdings introduced Mochi, an AI-powered Web3 asset-management platform designed to reduce barriers for users unfamiliar with blockchain technology. The platform combines artificial intelligence with a simplified user interface to consolidate complex wallet connections and network selections into a single, more accessible system. The company plans to release an updated beta version during the second half of 2026 featuring a redesigned user experience and a new AI algorithmic engine. Mochi i

According to the Energy Information Administration (EIA), U.S. heating oil inventories declined 144,000 barrels for the week ended July 31, compared with an increase of 308,000 barrels in the prior week.

According to the U.S. Energy Information Administration, refined oil production declined by 134,000 barrels per day for the week ending July 31, compared with an increase of 15,000 barrels per day in the prior week.

According to the Energy Information Administration (EIA), U.S. gasoline production fell by 309,000 barrels per day for the week ending July 31, compared to a rise of 178,000 barrels per day in the previous week.

According to EIA data, U.S. refinery capacity utilization rate for the week ending July 31 stood at 96.5%, below the forecast of 96.9% and the prior week's 97.2%.

According to the Energy Information Administration (EIA), U.S. reformulated gasoline inventories remained at 0 million barrels for the week ending July 31, unchanged from the previous week.

According to the U.S. Energy Information Administration (EIA), crude oil production fell 183,000 barrels per day in the week ended July 31, compared to 271,000 barrels per day in the prior week.

According to EIA, U.S. crude oil imports for the week ending July 31 reached 297,000 barrels per day, compared to negative 237,000 barrels per day the prior week.

According to EIA data released at week ending July 31, U.S. strategic petroleum reserves declined 2.841 million barrels, compared to a 3.797 million barrel draw-down in the prior week.

According to the U.S. Energy Information Administration (EIA), U.S. crude oil inventories increased by 2.48 million barrels last week, contrary to Bloomberg consensus expectations for a 2.1 million barrel decline and analyst forecasts of a 1.39 million barrel drop.

According to the U.S. Energy Information Administration (EIA), refinery utilization rates declined 0.7% for the week of July 31, falling short of the projected 0.5% decline and reversing the prior week's 1.1% increase.

According to the U.S. Energy Information Administration (EIA), crude refining inventory declined by 3.47 million barrels in the week of July 31, significantly below the consensus forecast of a 419,000-barrel increase and reversing the prior week's build of 1.062 million barrels.

According to EIA data, U.S. crude oil inventory in the Cushing region increased by 2.356 million barrels in the week ended July 31, compared to a decline of 0.771 million barrels in the prior week.