Gate Crypto Flash News and Market Updates

According to CoinDesk, Grayscale CFO Edward McGee has departed after serving for 7 years at the asset manager. Grayscale has appointed Kathryn Masci and Daniel Plourde as interim co-chief financial officers. McGee is the second senior executive to leave the firm in recent weeks; distribution and partnerships head John Hoffman previously departed to join Ondo Finance.

On Thursday (July 9) in New York trading, COMEX gold futures rose 1.24% to $4,133.10 per ounce, while spot gold climbed 1.14% to $4,123.83 per ounce, with intraday range of $4,054.39–$4,138.06. COMEX silver futures surged 3.14% to $60.380 per ounce, and spot silver gained 2.92% to $60.0031 per ounce.

Hong Kong Exchanges and Clearing (HKEX) is accelerating market infrastructure reforms on July 8, advancing a shortened settlement cycle to T+1, reducing tick sizes, and reviewing extended trading hours. The initiative aims to enhance trading efficiency and strengthen Hong Kong's competitiveness as an international financial hub amid rapid changes in global trading environments, as major markets including the U.S. and Europe have adopted shorter settlement cycles.

According to Perplexity's announcement on July 9, the company released a post-trained version of GLM 5.2, a 744-billion-parameter Chinese open-source model, designed to operate inside its Computer agent harness. The fine-tuned model delivers near-frontier performance at approximately one-third the cost of Claude Opus 4.8 (0.344x). The system uses an "advisor tool" that recognizes when a query exceeds its own capabilities and escalates to a frontier model for complex tasks, keeping costs low by h

According to Canadian Prime Minister Mark Carney, Saudi Arabia's $1 trillion Public Investment Fund (PIF) has accepted an invitation to attend an investment summit he will host in Toronto in September. Carney stated that Saudi investors are interested in Canada's energy, mining, and infrastructure sectors. The announcement came at the conclusion of Carney's recent visit to the Middle Eastern kingdom, marking the first visit by a Canadian leader to Saudi Arabia in 26 years.

According to Korea Exchange, KOSPI's daily volatility above 5% surged to 25 days so far in 2026, compared to only 2 days in 2025—a 1,150% increase. NH Investment Securities reported on July 9 that the surge follows the May 27 launch of 2x leveraged products tracking Samsung Electronics and SK Hynix. Days with 3% or greater KOSPI swings reached 42 this year versus 9 in 2025, with the 3% volatility rate jumping from 27% before product launch to 53% after. The two stock-tracking leveraged products

According to Bloomberg, SK Hynix has set its U.S. IPO price at $149 per American Depositary Share (ADS).

According to export data platform Export Genius, PT Kalimantan Aluminium Industry, a smelter under Indonesia's PT Alamtri Resources Indonesia, shipped its first batch of aluminum in June to the U.S. and South Korea. The company sent 31,494 tons of primary aluminum to the United States and 3,569 tons to South Korea, with shipments to the U.S. purchased by trader Mercuria and those to South Korea by Vitol. The facility on Borneo Island began commissioning operations in late 2025.

According to U.S. Treasury data, foreign central banks reduced holdings of U.S. Treasury securities by $28.605 billion in the week through July 3, compared to a reduction of $11.064 billion in the prior week.

Bitdeer shares rallied 14% on July 9 after the company announced plans to build a $36 million manufacturing facility in Nevada. The facility will produce its SEALMINER Bitcoin mining machines and expand the company's hardware business operations.

The Bloomberg EV Price Return Index rose 0.33% to 3427.92 on Thursday, July 9, displaying an intraday long-tail V-shaped reversal after hitting a daily low of 3365.86 at 11:21 AM Beijing time, following significant early declines across Asia-Pacific markets.

According to the White House, U.S. Commerce Secretary has recommended against initiating Section 232 tariffs at this time. Section 232 refers to a provision allowing the U.S. president to impose tariffs on imports deemed to threaten national security.

According to CNN, Pakistan and Qatar are seeking to bring the United States and Iran back to the negotiating table on July 9, citing regional sources. The two nations played a key mediating role in the countries' signing of a ceasefire memorandum of understanding (MOU). Pakistan's Foreign Ministry said in a statement that continuous communication, dialogue, and diplomacy are the only alternatives to achieve the shared goal of regional peace.

The White House announced today it is adjusting its import policy for commercial aircraft, jet engines, and aircraft and engine components. The statement did not disclose specific policy modifications or implementation timeline.

Former Federal Reserve Chairman Ben Bernanke joined Anthropic's AI oversight board on Thursday, the company announced. Bernanke, who steered the U.S. central bank through the 2008 global financial crisis, is now one of four members of the Anthropic Long-Term Benefit Trust, which guides the company's long-term strategy and advises leadership on AI's societal and economic impacts. "The potential of artificial intelligence is enormous, and so is the range of outcomes," Bernanke said in a statement.

According to Yonhapinfomax, gold futures surged 1.41% to $4,139.80 per troy ounce on July 9 (Eastern Time) as bargain hunters rushed in despite ongoing U.S.-Iran military tensions. August gold futures (GCQ6) on COMEX climbed $57.40 from the previous close of $4,082.40. Market sentiment shifted toward viewing the conflict as short-lived after U.S. stocks rebounded strongly and Treasury yields fell, with the 10-year yield dropping 5.10 basis points. The Nasdaq Composite rose 1.2% while the S&P 500

According to U.S. officials cited by Axios on July 9, Israeli forces will withdraw from pilot zones in southern Lebanon within days. Israel and Lebanon, under U.S. coordination, have agreed to designate specific areas in southern Lebanon as pilot zones where Israeli forces will pull back in phases, allowing Lebanese sovereignty to be restored gradually. U.S. Central Command is coordinating with both countries to establish additional pilot zones. The next round of talks between Israel and Lebanon

Coinbase Chief Legal Officer Paul Grewal has departed, effective immediately as of today (July 9).

On Thursday (July 9), Nasdaq-100 ETF rose 1.66%, outpacing gains across major U.S. asset class ETFs. Russell 2000 ETF gained 1.28%, while gold ETF rose 1%. Barclays U.S. Convertible ETF and S&P 500 ETF each climbed at least 0.85%, with emerging markets ETF up 0.83%. Commodity and real estate ETFs posted more modest gains of up to 0.33%. Among decliners, U.S. crude oil ETF fell 3.21%, while soybean fund dropped 0.40% and volatility index ETF fell 1.95%.

On Thursday (July 9), Latin American stocks and currencies rallied as oil prices retreated, lifting regional risk sentiment. The MSCI Latin America currency index rose 0.7%, while the Latin America stock index gained 1.4%. Colombia's peso led regional gains with a 1.2% increase against the dollar, though the country's equity market faced headwinds. The rally came as investors awaited results from Colombia's presidential election, with market participants closely watching developments.