Gate Crypto Flash News and Market Updates

Gate News message, quarterly DEX fees decreased from a peak of $2.4B in Q1 2025 to $413M in Q2 2026, representing an 83% decline. This marks the lowest quarterly DEX fees recorded since 2023.

WTI crude oil broke through $70 per barrel today, gaining 1.64% intraday.

According to the UK Maritime Trade Organization, a tanker has been struck by an unidentified object, causing suspected structural damage. No casualties or environmental impact have been reported.

According to Li Bojie, Huawei's first-batch "Genius Programmer" who responded on social media on July 7, the investment agreement with ABCDE Capital stipulated $1.5 million in funding, but only $500,000 was actually disbursed, leaving $1 million outstanding. Li stated that due to the delayed payment, both he and co-founder Zhuang Siyuan voluntarily reduced their salaries, impacting company hiring and R&D operations. Li departed Metagent in October 2024 due to personal family reasons and received

According to ChainCatcher, stablecoin issuer Tether announced a $20 million strategic investment in Mercado Bitcoin, a Latin American on-chain financial services platform. The funding will support expansion of payment infrastructure, tokenized investment products, lending services, and capital market development. Mercado Bitcoin, established in 2013, has grown from a digital asset trading platform to a comprehensive on-chain financial infrastructure provider serving institutional and retail clie

According to The Block, Bitcoin bounced to $63,500 on early July after a six-session rally driven by easing macro conditions, Federal Reserve dovish signals, and Middle East de-escalation. The gains marked a rebound from June's brutal month, where BTC declined 20.5%. Bitcoin gained 6.75% on the week while Ether jumped 13.5%, outpacing the S&P 500's 2.2% rise. Spot bitcoin ETF inflows totaled $266 million on July 6, led by $209 million into BlackRock's IBIT, suggesting institutional demand may be

According to Bernstein, TeraWulf signed a $19 billion, 20-year lease with Anthropic on Monday, covering 401 megawatts of IT load at its Justified Data campus in Hawesville, Kentucky. The deal delivers an average annual yield of $2.4 million per megawatt, exceeding Bernstein's earlier $1.9 million assumption. TeraWulf also sold its 50.1% stake in the Abernathy joint venture to a Fluidstack-led investor group for $530 million. Bernstein maintained its Outperform rating and $36 price target on WULF

According to Korea Exchange, South Korean entertainment stocks surged today (July 7) as investor sentiment improved amid growing Hallyu export prospects and valuation recovery. Hive, the sector leader, rose 7.91% to 232,000 Korean won, while SM Entertainment climbed 6.09% to 81,900 won. The rally countered a broader market downturn, with KOSPI falling over 8%. South Korea's Hallyu-related exports reached $18.975 billion last year, an 84% year-over-year increase. Meanwhile, sector valuations have

According to The Information, on July 7, Chinese AI company Zhipu AI is considering designing custom AI chips. The move comes as demand for its GLM series open-source models rapidly grows, while U.S. export restrictions tighten computing capacity constraints. Zhipu AI has begun preliminary discussions with Chinese chip design firms about co-developing tailored AI processors.

On July 7, semiconductor manufacturer Onsemi announced the sale of two chip manufacturing facilities as part of its cost reduction and profitability improvement initiative. The Philippines-based packaging facility in Tarlac will be sold to Taiwan-based Greatek Electronics, with the transaction expected to close within three to six months. Onsemi's Pennsylvania facility in Mountain Top will be sold to Swedish semiconductor company Silex Microsystems, with closure targeted for January 2028. The co

Citi has been admitted as a clearing member of London Precious Metals Clearing Limited, expanding its precious metals franchise by adding Loco London settlement services for gold, silver, platinum and palladium. The admission allows Citi to clear and settle precious metals directly through the London bullion market's central clearing infrastructure, strengthening its institutional commodities offering. The move comes amid growing institutional demand for precious metals and represents an expansi

According to Onchain Lens, Circle minted 250 million USDC tokens on the Solana blockchain on July 6, bringing its total USDC issuance on the network in 2026 to $64.78 billion. The latest mint underscores continued institutional demand for stablecoins and reinforces Solana's role as a major blockchain for digital dollar transactions and decentralized finance applications.

President Trump on July 7 stated that Greenland is critical to the United States. The remarks come amid ongoing discussions about the strategic importance of the territory to U.S. interests.

According to Zhitong Finance, Nanhua Futures (02691) expects attributable profit for H1 2026 of 375-405 million yuan, representing a year-over-year increase of 62.16% to 75.13%. The company also projects basic earnings per share of 0.53-0.58 yuan, up 39.47% to 52.63% from the same period last year.

Jindie Commercial Property (00535) posted contracted sales of approximately 3.591 billion yuan for the first half of 2026, down 37% year-over-year, according to its official announcement. The cumulative contracted sales area reached approximately 288,300 square meters during the period. In June alone, the company recorded contracted sales of approximately 497 million yuan, representing a 68.16% decline compared to the same month last year, with sales area of about 38,200 square meters.

The UK government announced it will join the Precision Strike Missile (PRSM) programme, receiving £190 million in support from its defence investment plan. The funding allocation underscores Britain's commitment to advancing precision-guided weaponry capabilities alongside allied nations.

Samsung's stock plunged 10% on Tuesday despite reporting strong earnings, while U.S. chipmaker Micron fell over 6% in premarket trading. South Korea's stock market tumbled and briefly triggered trading halts, sending ripples across global markets ahead of the U.S. market open. The broader weakness reflects investor concerns over semiconductor demand.

According to CCTV, on July 6, Israeli Prime Minister Netanyahu called on the U.S. not to sell F-35 fighter jets and American engines compatible with Turkey's indigenous stealth aircraft to Turkey, citing potential threats to Israel's air superiority in the Middle East. Israel's Ambassador to the U.S. made similar remarks the same day.

President Trump stated the U.S. will remove sanctions on Syria, citing strong relations with the country's new leadership. "We don't want to sanction friends," Trump said, signaling a policy shift toward the transitional Syrian government.

President Trump said yesterday (July 6) that he held a lengthy conversation with Putin, followed by talks with Zelenskyy.