Gate Crypto Flash News and Market Updates

According to CoinDesk, Grayscale CFO Edward McGee stepped down on July 2 after seven years due to personal reasons. The company appointed Kathryn Masci and Daniel Plourde as interim co-CFOs, with Masci also assuming the role of chief financial and accounting officer and joining the board. This marks the second senior executive departure in recent months—John Hoffman, former head of distribution and partnerships, left last autumn to join Ondo Finance.

According to the Ethereum Foundation's latest blog post reported by The Block on July 10, AI agents performed well in discovering network infrastructure vulnerabilities but generated mostly false positives. The Foundation's protocol security team used coordinated AI agents to test critical network infrastructure including system software, cryptographic code, and smart contracts. While the agents identified a real vulnerability—a remote-triggerable panic issue in libp2p gossipsub that has been fi

According to Shinsegae Department Store, total sales across its store network in June reached 650.5 billion Korean won, up 14.4% year-over-year, marking stronger growth in the second quarter compared to the first quarter's average of 13.5%. The retailer attributed the increase to rising foreign tourist visits and expanded consumer spending across luxury goods, fashion, watches, jewelry, and electronics, alongside gains from positive domestic stock market sentiment.

According to Bank of Korea data released July 10, South Korean companies' surplus funds hit a record 20.8 trillion won in Q1 2026, even as domestic investment declined. Despite robust semiconductor sector profits, corporate earnings were not sufficiently channeled back into local investments, remaining largely overseas and contributing to persistent high exchange rates amid record current account surpluses. Meanwhile, South Korea's financial markets showed overheating signals. The financial leve

According to CryptoQuant, Bitcoin rebounded approximately 10% from last week's $57,700 bear market low to near $63,000 on July 10, recovering the key $60,000 support level, according to The Block. July seasonal factors and improved demand drove the rebound; historically, Bitcoin rallied roughly 20% in July 2018 and 17% in July 2022 during bear markets. Bitcoin's 30-day net demand recovered from a contraction of around 650,000 BTC in early June to near neutral levels, while the Coinbase premium i

According to Bitwise senior investment strategist Juan Leon, per The Block on July 10, Bitcoin's current bearish cycle represents the most moderate structural downturn in the asset's history. The current 50% decline compares to 78% in 2022 and 84% in 2018, demonstrating that "each cycle bottom is rising higher," Leon said. Bitwise's institutional clients are split: investors holding Bitcoin for over two years view the decline as a buying opportunity, while other major capital awaits clearer regu

According to Shinhan Investment & Securities' July 10 report, Hyundai Motor maintains a buy rating with a target price of 780,000 KRW (2.5% lower than previously), implying 75.1% upside from the July 9 closing price of 445,500 KRW. The brokerage expects Q2 operating profit of 3 trillion KRW, below market consensus but in line with revised expectations. For the second half, Shinhan projects a recovery in H2 earnings supported by normalization of production disruptions, expanded hybrid vehicle sal

According to The Block on July 10, the White House sent a letter to Senate leadership rebuting Democratic criticism over the Trump administration's failure to appoint CFTC commissioners. The CFTC currently has only one commissioner in office—Republican chair Michael Selig—out of five authorized seats. The White House stated it had requested Democratic nominees for SEC and CFTC positions but received no response, accusing Democrats of obstructing appointments. Democrats previously criticized the

According to PANews, Paul Grewal, Coinbase's chief legal officer, will step down by the end of July 2026 after six years in the role, transitioning to an advisory role while remaining a board member of Coinbase National Trust Company. Molly Abraham, current deputy general counsel, will be promoted to general counsel, with executive Ryan VanGrack becoming deputy chairman. Grewal's tenure included leading the company through its public listing, winning an SEC lawsuit, relocating the company's inco

According to Jiemian News, OpenAI announced on July 10 the full rollout of its GPT-5.6 series models, including flagship model Sol, balanced model Terra, and cost-efficient model Luna. The Sol variant features a new Ultra mode that can coordinate four AI agents in parallel to handle complex tasks, enhancing efficiency in code development, scientific research, cybersecurity, and knowledge work. GPT-5.6 achieves industry-leading performance on multiple benchmarks while significantly reducing infer

According to Financial World, Federal Reserve Chair Kevin Walsh announced the establishment of five external working groups on July 10 to comprehensively review the central bank's monetary policy operations, covering asset-liability management, policy tools, and artificial intelligence impacts. The working groups will conduct independent research and submit findings to the Federal Open Market Committee. Participating experts include Harvard economist Raj Chetty leading the data group, tech inves

According to on-chain analyst Yin Chen monitoring, an address opened a $70 million long position in Nasdaq 100 Index (QQQ100) on July 10, with an average entry price of $29,594 and liquidation price of $24,966. The position currently shows an unrealized gain of $380,000.

According to Odaily, New Hampshire's Executive Council voted down on Wednesday a proposal to issue a $100 million bitcoin-backed municipal bond, the world's first of its kind. The state's Department of Business and Financial Affairs had sought approval to issue the taxable municipal bond through private placement, but the state administrative committee's rejection blocks the issuance.

According to Yonhapinfomax, the dollar-won 1-month NDF (Non-Deliverable Forward) declined to 1,504.90 won (MID) on July 10, down 0.05 won from Seoul's previous spot close of 1,506.10 won. Bid was quoted at 1,504.70 won with ask at 1,505.10 won. The U.S. dollar weakened amid expectations that military tensions between the U.S. and Iran could ease in the near term, according to Axios and CNN. Israeli forces are expected to withdraw from southern Lebanon within days, and mediators Pakistan and Qata

According to MakerDAO governance discussions, the protocol's Endgame transition is becoming more operational as details around Spark token rollout and distribution mechanics are outlined. The shift from theoretical planning to concrete execution helps users understand how DAI and the broader Maker ecosystem will evolve under the restructuring plan.

According to Yonhapnews, SK Hynix listed American Depositary Receipts (ADR) on the Nasdaq today (July 9), raising 40 trillion won (approximately $30 billion) to strengthen its position in the global semiconductor market. The company plans to deploy the capital toward expanding production capacity and enhancing product competitiveness amid accelerating artificial intelligence investment and rising global memory chip demand.

U.S. stock markets closed higher overnight led by a rally in semiconductor shares, according to market participants and securities analysts. SK Haitiex ADR gains and expectations surrounding expanded AI demand are supporting investment sentiment amid lingering U.S.-Iran geopolitical uncertainty. Domestic equities are anticipated to open higher on July 10, with semiconductor stocks expected to lead the advance as positive momentum from Wall Street carries over.

According to Alpha co on X, the CASHCAT (Robinhood chain meme coin) X account (@cashcattoken) was hacked on July 9–10. The compromised account posted a message stating "$CASHCAT Holder Snapshot is now LIVE" along with an external link purporting to show reward eligibility, attempting to lure users into a fake snapshot scheme. Users connecting their wallets or approving transactions through such phishing links risk losing their digital assets. Community members have issued widespread warnings not

Japan's domestic corporate goods price index rose 7.1% year-over-year in June, exceeding the expected 6.8% and up from 6.3% in the prior month.

Japan's domestic corporate goods price index rose 0.4% month-over-month in June, matching expectations of 0.40%. The figure marked a slowdown from the previous month's 0.90% increase.