Gate Crypto Flash News and Market Updates

According to Korea Exchange, on July 6, thirteen of fourteen single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix fell below their initial offering price of 20,000 won after the two chip stocks plunged 6.92% and 6.06% respectively. The leveraged funds, designed to track twice the daily movement of their underlying stocks, fell 12-13.7%, with KODEX Samsung Electronics Leveraged ETF dropping 13.71% and TIGER Samsung Electronics Leveraged ETF down 13.88%. Net assets of the sixteen

According to Guru Club, on July 8, Brent crude oil jumped 5% to $75.67 per barrel, while WTI crude climbed 5% above $72 per barrel. Spot gold fell 1.54% to break below $4,100 per ounce.

According to Guru Club, spot silver declined 3% intraday on July 8, trading at $60.16 per ounce. Spot gold fell $50, or 1.24%, to $4,112.65 per ounce.

According to Gate market data, U.S. stock index futures opened slightly lower on Wednesday.

Spot gold retreated below $4,100 per ounce in early trading today, declining 0.28% intraday.

According to Morgan Stanley's research team on Monday, July 6, capital is rotating away from U.S. semiconductor stocks—which have surged 123% year-to-date—toward underperforming mega-cap cloud service providers like Amazon AWS, Microsoft Azure, and Meta. The Philadelphia Semiconductor Index has retreated approximately 14% from recent highs, while the UBS Mega-cap Cloud Index declined 2% over the same period. Michael Wilson, Morgan Stanley's chief U.S. equity strategist, attributed the shift to c

According to Financial News, the KOSPI index plunged over 5% during intraday trading on July 7, 2026, with Samsung Electronics declining 9%. The sharp selloff triggered the exchange's sell-side circuit breaker mechanism, which temporarily halts program selling when market volatility exceeds preset thresholds.

According to Dune's Digital Asset Brief, Tether's USDT settled approximately $95 billion in identified commerce payments during the first half of 2026, nearly seven times the $14 billion processed by Circle's USDC. USDT accounted for roughly 92% of the $48 billion in business-to-business stablecoin volume, with 93% of its Tron supply held in ordinary wallets rather than exchanges, indicating its role as a cross-border payment rail in emerging markets. USDC, conversely, dominates DeFi activity; o

According to the Hong Kong Financial Services Bureau, Hong Kong's gold clearing and settlement system commenced trial operation on July 7, with the first settlement already completed. The trial launch is supported by 41 market participants, including 18 banks, 9 securities firms, 4 mining companies, 5 refineries, 4 jewelry merchants, and 1 technology company. The first batch of gold has been successfully deposited into designated warehouses.

According to Strategy Inc.'s June 29, 2026 SEC filing, STRC—the company's perpetual preferred stock—fell to $83 by late June 2026, dropping 25% below its $100 par value and triggering a contractual dividend ratchet mechanism. The board raised the annual dividend rate to 12%, currently adjusted monthly based on trading price and credit spreads. Each rate increase is permanent; the rate has risen seven consecutive times since STRC's July 2025 launch at 9%. Strategy holds 847,363 Bitcoin and funds

On July 7, Iran's President Pezeshkian and his delegation arrived in Najaf, Iraq. A plane carrying the body of Iran's deceased Supreme Leader Khamenei also arrived at the same location.

According to Rick Rule during a July 7, 2026 interview with The David Lin Report at the Rule Symposium in Boca Raton, Florida, high-yield and subprime credit ETFs holding trillions in assets face significant liquidity mismatch risk. Rule said while ETF shares trade freely, many underlying bonds do not—some trading only once every six weeks. If fund managers are forced to sell such debt overnight to meet redemptions, prices will reflect the seller's distress rather than broader market value. Rule

According to CNBC and U.S. Central Command, the U.S. military resumed powerful airstrikes against Iran on Tuesday (July 7) in response to Iran's attack on three commercial vessels in the Strait of Hormuz. The escalation risks reigniting regional tensions and may trigger market concerns over potential closure of the Strait of Hormuz, a critical global energy transit chokepoint. The incident follows a similar attack and military exchange between the two nations last month, after which both sides a

According to a regulatory filing on Tuesday, Estée Lauder Companies increased its cumulative restructuring costs to $1.75 billion from a previously estimated $1.55 billion. The charges are primarily associated with workforce reductions, including severance expenses, asset-related costs, contract termination fees, and other expenses.

According to National Assembly President Jorge Rodriguez on July 7, the death toll from Venezuela's recent earthquake has risen to 3,685, with 16,740 injured. The figures were announced via social media.

According to CCTV, Qatar lodged a formal protest with Iran on July 7 after its transport vessel Al-Ruqayya came under attack near the Strait of Hormuz. Qatar's Foreign Ministry summoned Iran's Deputy Ambassador to the country and submitted a protest note, stating the attack on the vessel threatens international maritime navigation safety and global energy supply security, in violation of international law. Qatar demanded Iran provide immediate clarification regarding the incident.

According to Korea Exchange, Hanwha Ocean lost the Canadian Navy's CPSP (Canadian Submarine Procurement Project) bidding to German competitor ThyssenKrupp Marine Systems on July 7, with the stock falling 22.65% to close at 89,800 KRW. Canadian Prime Minister Mark Carney announced TKMS as the preferred bidder on July 6 (local time). The CPSP project, designed to replace Canada's aging submarines, was valued at approximately 60 trillion KRW for 12 submarine builds and 30+ years of maintenance serv

According to Iran's Tasnim News Agency, Israel launched airstrikes on southern Lebanon today, with targets including the town of Bayt Yahoun and areas between Bayt Yahoun and Buraihit.

According to the CFTC, the agency charged Trevor Vernon and his company Argent Capital Management LLC on Tuesday for defrauding approximately 60 people out of $14 million through a bogus commodity pool trading options, equity futures, and cryptocurrencies. The CFTC alleged Vernon misrepresented himself as a successful trader while incurring at least $8.6 million in losses on participants' funds. Vernon and his company were also not appropriately registered with the CFTC and made false statements

According to a blog post on Tuesday, Kraken's parent company Payward won a $22 million arbitration award against auditor Mazars USA, which abruptly abandoned a nearly completed audit during Operation Choke Point 2.0 in 2022. Mazars withdrew due to uncertainty around regulatory pressure on crypto firms, including the SEC's enforcement actions against Kraken, though the auditor confirmed in writing it had no disagreements with Payward's management or findings of fraud. The SEC later dropped its co