Gate Crypto Flash News and Market Updates

Crypto venture firm Paradigm closed a new $1.2 billion fund on July 9, expanding its investment focus beyond crypto into artificial intelligence and other frontier industries.

According to Jin10, President Trump and South Korean President Lee Jae-myung agreed to deepen military shipbuilding cooperation during a bilateral meeting on Tuesday at the NATO Summit in Turkey, according to South Korean presidential spokesperson Kang Yu-jung. Trump reiterated requests for South Korean cooperation in warship construction, and Lee committed to full engagement while introducing South Korean companies with advanced shipbuilding capabilities. Both sides agreed to continue working-l

According to Today News, the US dollar-won exchange rate dropped sharply on July 9 as SK Hynix's ADR (American Depositary Receipt) listing heightened dollar supply expectations. The currency touched the 1,400 won level after rising to 1,600 won forecast earlier. Foreign stock net selling also eased, while government measures against illegal foreign exchange transactions added downward pressure on the exchange rate.

According to South China Morning Post, Victory Giant Technology and WUS Printed Circuit raised first-half 2026 capital expenditure sharply to meet demand for high-end printed circuit boards used in AI servers. Victory Giant, based in Huizhou, Guangdong, increased first-quarter capex to 3.6 billion yuan (US$530 million) from 730.1 million yuan a year earlier. WUS, based in Kunshan, Jiangsu, more than doubled spending to 1.5 billion yuan (US$221 million) from 658.1 million yuan. The surge reflects

According to an audit report released by OpenAI, approximately 30% of the 731 public questions in SWE-Bench Pro are unsuitable for reliable AI programming evaluation. Automated screening identified 200 problematic questions (27.4%), while manual review found 249 issues (34.1%). Main problems include incomplete task descriptions, overly strict test requirements, hidden tests checking undisclosed requirements, and insufficient test coverage. OpenAI noted that cutting-edge models' pass rate on thes

New Zealand's Prime Minister announced plans to consult with Australia and Fiji regarding the possibility of New Zealand joining the Pacific Alliance.

According to ChainCatcher, Offchain Labs co-founder Steven Goldfeder stated that 10% of fees collected on Robinhood Chain and other Arbitrum L2s will flow to the Arbitrum ecosystem—8% to the community treasury controlled by token holders and 2% for development funding. All fees on Arbitrum One flow entirely to the Arbitrum treasury.

According to its official statement, Russia's State Duma (lower house of parliament) passed an artificial intelligence regulation law yesterday (July 8), establishing legal framework for the development and application of AI foundation models.

According to UAnalyze, Nvidia (NVDA-US) stock has retreated recently, with the company's market value declining approximately $1 trillion since hitting a record high on May 14. Analysts note the correction reflects market rotation toward memory chips and other semiconductor companies rather than fundamental deterioration. Nvidia's current valuation stands at 18x forward earnings, below the S&P 500's 20x and Nasdaq-100's 23x, marking a pullback to pre-AI boom levels. Despite stock underperformanc

Multiple South Korean securities firms including Hana, Samsung, Mirae Asset, and Shinhan Investment launched unified accounts targeting foreign investors around early July, intensifying competition in the sector. The move significantly improves foreign investors' market accessibility; however, brokers now face the challenge of diversifying investment demand beyond concentrated holdings in large-cap semiconductor stocks across broader industry sectors.

According to Shanghai Steel United, battery-grade lithium carbonate (MMLC) spot prices fell to 158,200 yuan/ton today (July 9), declining 4,100 yuan/ton from the previous day's close.

According to a letter sent on July 8, Senator Ron Wyden (D-OR) urged Senate Majority Leader John Thune and Minority Leader Chuck Schumer to preserve Section 604 of the Clarity Act in any version brought to the Senate floor. The section, known as the Blockchain Regulatory Certainty Act (BRCA), protects non-custodial blockchain developers from being classified as money transmitters when they do not directly control users' digital assets. Wyden stated the provision provides legal clarity to softwar

According to Form 4 filings, Rocket Lab (RKLB) founder and CEO Peter Beck sold 3,275,779 shares at an average price of $87.43 in the recent trading window, which closed on July 8, raising a total of $286 million. The sale concluded a trading plan announced in March, when RKLB was trading at $60.9.

According to the Federal Reserve's official FOMC minutes released on June 8, Fed Chair Kevin Warsh reduced the published June meeting minutes to 15 pages compared to former Chair Jerome Powell's standard 18-page format. The substance of the minutes also shifted in presentation style, making it harder to discern internal opinion distribution on monetary policy direction. Notably, the June minutes eliminated all references to "risk management" considerations—a section that previously outlined how

According to Yonhap Infomax, South Korea's government bond futures fell sharply on July 9 amid renewed concerns over U.S.-Iran conflict escalation. The 3-year bond futures dropped 11 ticks to 103.01, while 10-year futures fell 32 ticks to 105.59. The 10-year benchmark yield surged to 4.292%, marking its highest level in approximately one month. Foreign investors sold a net 2,341 contracts of 3-year futures and 1,026 contracts of 10-year futures. The weakness was attributed to geopolitical tensio

According to Yonhapinfomax, Japan's Nikkei 225 index rose 1,144.04 points (1.71%) to 67,963.09 on July 9, recovering above the 67,000 level on the opening bell. The gains were driven by overnight strength in U.S. technology stocks, as Donald Trump signaled a de-escalation in tensions with Iran. The TOPIX index climbed 0.43% to 4,023.46. In the U.S., the Philadelphia Semiconductor Index surged 2.23%. Japanese AI and semiconductor stocks extended the rally, with SoftBank Group (SBG) gaining nearly

According to Wall Street Journal reporter Nick Timiraos on July 9, the Federal Reserve's June meeting minutes reveal that disagreements among officials stem primarily from divergent inflation forecasts rather than fundamental conflicts over rate policy. The Fed has identified two scenarios: if inflation remains elevated, nearly all officials support maintaining higher rates or further tightening; if inflation quickly returns to the 2% target, nearly all officials would accept current rates or fu

According to BlockBeats, on July 9, crypto exchange AscendEX announced it would cease operations, citing market conditions and the EU's MiCA (Markets in Crypto-Assets Regulation) as contributing factors. The same day, DeFi data dashboard Zapper announced it would fully shut down its website, mobile app, and API on August 3. Web3 gaming guild YGG's gaming publishing arm YGG Play will also cease operations on August 1, with the company cutting 35 positions. The shutdowns reflect ongoing industry-w

According to the EU's Copernicus Climate Change Service, June 2026 became Western Europe's warmest June on record and the second-hottest June globally, based on a report released on July 9. Record-breaking sea surface temperatures drove extreme heatwaves across Western Europe, with the western Mediterranean and Atlantic coastlines experiencing marine heatwaves. Multiple countries set new June and all-time temperature records during the period, with heat-related deaths reported across the affecte

According to Bloomberg, Bain Capital has divested all of its shares in Kioxia Holdings on July 9, with David Gross, managing partner at Bain Capital, confirming in a Bloomberg TV interview that the firm no longer holds any stake in the Japanese memory semiconductor company. Bain had been reducing its position; the holding fell from approximately 44% as of December last year.