Gate Crypto Flash News and Market Updates

According to a U.S. District Court for the District of Connecticut ruling filed last Thursday (July 3), a federal judge revived a New York common law fraud claim against Barry Silbert, Digital Currency Group (DCG), and other defendants in an investor lawsuit tied to Genesis Yield, the crypto lending program that suspended withdrawals and filed for bankruptcy in early 2023. The revival of the fraud claim gives plaintiffs an additional legal path beyond the federal securities claims already allowe

According to Korea Exchange, Celltrion posted consolidated Q2 revenue of 1.3 trillion won and operating profit of 430 billion won on July 7, exceeding analyst consensus of 400.7 billion won by 7.31%. However, shares declined 4.19% to 175,900 won despite the better-than-expected results, reversing a 3.96% gain from the prior trading day. Security analysts attributed the stock decline to sector rotation toward semiconductors, citing broader weakness in healthcare valuations. Korean Investment Secu

According to Jin10, on July 6, Russian Deputy Foreign Minister Ryabkov said Russia would continue maintaining contact with the United States on Ukraine, despite American deviations from prior agreements. U.S. President Trump earlier stated that resolving the Russian-Ukrainian conflict would happen "much faster than people think." Ryabkov responded that the conflict could indeed be resolved quickly if the U.S. acts based on proposals Russia has presented.

On Monday (July 6), U.S. Treasury yields declined across the curve following the post-jobs report session. The 2-year yield fell 2.70 basis points to 4.1101%, trading between 4.1350%-4.1018% throughout the day. The 10-year yield dropped 1.39 basis points to 4.4693%, while the 30-year yield slipped 0.10 basis points to 4.9844%.

According to The Fact, South Korean media company Contenttri Jung Ang saw its stock price plummet to 1,600 won following its entry into legal receivership and an 11-day trading suspension. The stock fell across four consecutive trading days after resuming trade, with its market capitalization eroding by 68% from the 1,700 won level. Market analysts warn the share price could fall below 1,000 won, approaching penny stock status within the month.

Armenian Prime Minister Nikol Pashinyan expressed on July 6 Armenia's willingness to further develop relations with Russia and continue participating in the Eurasian Economic Union activities, seeking to address issues between the two countries in a constructive manner. Pashinyan made the remarks during talks with Russian Prime Minister Mikhail Mishustin in Yekaterinburg. He noted recent problems in bilateral relations and emphasized Armenia's commitment to constructive discussions with Russia,

TikTok launched a sudden global layoff on July 1, affecting employees across Singapore, Malaysia, Indonesia, and Dublin without prior notice, according to affected staff. Employees received termination notifications via email on the morning of July 1 as they arrived for work, with some small teams facing near-total dismissals. According to Bloomberg, TikTok's Dublin headquarters plans to cut approximately 300 positions. The company stated the restructuring aims to strengthen global "trust and sa

According to Jin10, U.S. President Trump said on July 7 he could destroy all of Iran's power plants in less than an afternoon, and preferred reaching a deal with Iran or completing the mission. Iranian National Security Council Secretary responded by warning to answer "in another language" if Iran's people are not respected, while Parliament Speaker Kalibaf vowed accountability for those responsible for attacks on Iran and its people. Meanwhile, Israel's ambassador to the U.S. announced that the

According to the Presidential Office, President Lee Jae-myung will embark on a four-day, five-night diplomatic tour from July 7 to 11, attending the NATO summit in Turkey and making a state visit to Mongolia. South Korea was invited as an Indo-Pacific Partner nation alongside Japan, Australia, and New Zealand. During the NATO Defense Industry Forum, President Lee will deliver a keynote speech on strengthening industrial foundations and showcase South Korea's defense capabilities to allied nation

According to the San Francisco Federal Reserve on July 6, economists Kevin Lansing and Adam Shapiro released a report introducing the Inflation Shock Momentum Index (ISMI), a new metric designed to track inflation dynamics. The ISMI, derived from monthly inflation shocks in the Personal Consumption Expenditures (PCE) price index, has fluctuated near zero throughout 2026, suggesting that elevated inflation levels around 2% could persist in the near to medium term. Headline PCE inflation reached 4

According to Korean Exchange trading data, from July 1 to 6 (4 trading days), individual investors made net purchases of 1.6135 trillion won in single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix, while institutions net sold 1.5053 trillion won and foreign investors sold 212.2 billion won during the same period. Among the leveraged ETF products, SK Hynix attracted stronger buying interest from individuals, accounting for approximately 65% of total net purchases at 1.0529 trilli

According to News1, NH Investment & Securities on July 7 sold out its second Investment Management Account (IMA) product within 3 hours of launch, attracting 120 billion won in subscriptions. This marks the fastest sales pace among IMA operators, despite NH being the third entrant into the market. The product follows NH's first IMA offering, which raised 400 billion won. Industry competitors include Korean Investment & Securities, which has accumulated 2.8 trillion won in IMA sales, and Mirae As

According to Yonhap News TV, Samsung Active Asset Management's KoAct Kosdaq Active ETF fell 35.27% from its March 11 high of 14,800 won, closing at 9,580 won on July 6. The fund, which launched March 10 at 12,020 won, has underperformed as the Kosdaq index declined 26.12% over the same period. The ETF experienced significant outflows totaling 376.2 billion won over three months from late March, following initial inflows of 1.05 trillion won in the two weeks after listing. Weakness in biotech and

According to Financial News, SpaceX officially enters the Nasdaq-100 index today (July 7), triggering large-scale passive fund inflows. Markets estimate between $22-27 billion in passive capital will flow into Nasdaq-100 tracking funds, with the QQQ ETF alone expected to see approximately $4.3 billion in buying demand. Domestic space-focused ETFs remain under pressure, with recent one-month returns as of July 6 showing declines: Korea Investment Trust Management's ACE US Space Technology Active

On July 6, offshore Chinese yuan (CNH) traded at 6.7942 against the U.S. dollar at the New York close (04:59 Beijing time on July 7), down 89 pips from the previous Friday's close. The pair traded within a range of 6.7819–6.7998 during the session.

UK Foreign Secretary Yvette Cooper warned on Monday that governments need global agreements to manage artificial intelligence risks before a crisis forces action. In an article, Cooper compared the current challenge to the early nuclear arms race, noting that international safety agreements only emerged after nations witnessed the devastation caused by atomic weapons at Hiroshima. She called on Britain to bring together the United States, China, and other major AI powers to establish shared safe

According to Chosun Biz on July 6, South Korea's Kosdaq-listed ESCONECK wrote off 4 billion won (approximately $3 million) in investment in carbon-recycling subsidiary EcoHyTech. The company had identified EcoHyTech as a new growth driver but recorded the full impairment after the subsidiary faced prolonged commercialization delays, resulting in zero revenue and ongoing losses. Financial investors subsequently recovered their principal investment ahead of schedule.

According to Edaily Korea, the Dow Jones Industrial Average closed at 53,055.91 on July 6, up 0.29%, breaking the 53,000 level for the first time on a closing basis. The Nasdaq Composite Index rose 1.12% to 26,121.16, while the S&P 500 climbed 0.72% to 7,537.43. The gains were driven by renewed interest in artificial intelligence-related technology stocks, with the Philadelphia Semiconductor Index surging 2.2%. Broadcom advanced 3.7% following news of an extended chip supply agreement with Apple

On Monday, July 6, spot gold fell 0.32% to $4,163.55 per ounce at the New York close. COMEX gold futures, however, rose 1.19% to $4,175 per ounce. Spot silver declined 0.62% to $62.0263 per ounce, while COMEX silver futures gained 2.31% to $62.475 per ounce. COMEX copper futures increased 1.41% to $6.2560 per pound.

According to Bloomberg strategist Simon White, Micron Technology (MU), SanDisk (SNDK), and Western Digital (WDC) have collectively contributed close to 25% of the S&P 500's gains year-to-date in 2026. Micron alone contributed approximately 1.4 percentage points, about one-sixth of the index's overall advance in the past six months, during which the S&P 500 climbed 8.3%. The concentration of gains in a handful of memory chip stocks highlights how AI-driven investment momentum has heavily favored