Gate Crypto Flash News and Market Updates

According to Form 4 disclosure, Robinhood (HOOD) CEO Vlad Tenev sold 375,000 shares of HOOD since July 6 at an average price of $116.17 per share, raising $43.56 million. The sale was pre-announced on September 5, 2025, through a 10b5-1 trading plan. Tenev currently holds 48.3 million Class B shares valued at over $5 billion.

According to Yonhap Infomax, Bank of Korea Governor Shin Hyun-song ruled out a significant 50 basis point rate increase at next week's policy meeting on July 9. Speaking at a National Assembly Finance and Economics Committee session, Shin clarified that recent references to a big step were general remarks rather than policy signals. He emphasized the central bank pursues monetary policy based on underlying economic fundamentals rather than reacting to market volatility.

According to Democratic Party officials, MBK Partners and Meritz Financial Group remained at odds over Homeplus emergency operating funds (DIP financing) on July 9, failing to narrow their stance despite political mediation. The Democratic Party increased pressure on both parties, requesting the National Pension Service to recover its investments in MBK Partners funds.

According to Barclays, as of July 9, the Federal Reserve is expected to hold interest rates unchanged through the end of 2027 based on the bank's baseline forecast. However, Barclays strategists said downside risks remain tilted toward rate hikes. The latest Federal Reserve policy meeting minutes revealed heightened concerns among officials about inflation persistence and the risk of sustained elevated price pressures. Barcleys strategists noted that while Fed officials expect inflation to decli

According to CME data released by Jin10 Futures on July 9, on July 8 gold, WTI crude oil, and Brent crude oil all saw increases in both trading volume and open interest. Gold recorded a trading volume of 214,083 contracts and open interest of 371,921 contracts, up 82,770 and 145 contracts respectively from the previous trading day. WTI crude oil volume reached 1,543,324 contracts with open interest at 1,917,339 contracts, rising 670,473 and 11,578 contracts respectively. Brent crude oil trading

Iran Railways announced this morning that service on the Tehran-Mashhad route has been temporarily suspended following airstrikes by the United States and Israel.

South Korea's Supreme Court sentenced former President Yoon Suk-yeol to seven years in prison today (July 9) on charges of obstructing arrest by mobilizing the presidential security service to prevent law enforcement from apprehending him following the emergency martial law incident. This marks the Supreme Court's first final verdict in multiple judicial cases against Yoon related to the emergency martial law event.

President Trump stated on July 9 that he has not yet decided whether to withdraw U.S. troops from Greenland.

According to Trump, Iran called not long ago to express interest in reaching a deal. The statement suggests renewed diplomatic communication between the two sides.

According to Yonhap Infomax, KOSPI surged over 3% in early trading on July 9 but reversed course in afternoon sessions, erasing earlier gains. The reversal was driven by weakness in Samsung Electronics, the index's heavyweight component. As of afternoon, KOSPI traded at 7,236.68, down 10.11 points or 0.14% from the previous close, after reaching an intraday high of 7,543.86.

According to Bank of Japan regional survey findings, companies in multiple regions are considering raising prices for food and daily necessities starting this summer.

According to the governor of Russia's Rostov Oblast, two oil tankers came under drone attack in the Sea of Azov recently. The incident marks ongoing military operations in the contested waters off southern Ukraine.

According to Japan's Institute of Energy Economics, the country's June liquefied natural gas spot price reached $17.10 per million British thermal units (MMBtu).

According to the Bank of Japan, many regions report that companies, including small enterprises, provided significant wage increases this year. However, some regions indicated potential difficulty in sustaining higher wage growth going forward.

According to Bank of America Securities on July 9, Nvidia's forward price-to-earnings ratio fell to 18x, a 7-year low, trading at a 30-35% discount to the average valuation of major tech peers like Apple, Microsoft, Google, Amazon, and Meta. The bank argues the market's pricing implies a 30-35% EPS decline for Nvidia in 2027-2028, a view it calls unfounded. BofA maintained its buy rating with a $350 price target, implying over 70% upside from current levels.

According to TAC's official statement, the protocol clarified over the past 24 hours that it has not been attacked and that on-chain assets remain secure with normal system operations. The team and early investors have not participated in any token sales, as relevant tokens remain under lockup and vesting periods with no unlocking at the current stage.

According to Odaily, cryptocurrency exchange AscendEx announced on July 6 that it ceased operations as of July 1, citing failure to obtain an EU MiCA license and a failed strategic transaction. Chain data shows AscendEx's marked addresses currently hold approximately $13.5 million in crypto assets, with over $12 million in UNITE tokens and its native ASD token. On-chain investigator ZachXBT warned on July 2 that withdrawal requests remain unprocessed while deposit functions continue to operate.

According to SoSoValue data, HYPE spot ETF saw net inflows of $3.3325 million on July 8 (yesterday in U.S. Eastern Time). Grayscale Hyperliquid Staking ETF (HYPG) accounted for the full amount, bringing its cumulative net inflows to $126 million. As of press time, the total HYPE spot ETF complex held assets under management of $355 million, with cumulative net inflows reaching $314 million.

Payward, Kraken's parent company, recently won a $22 million arbitration award and has requested that Delaware Court of Chancery enter a final judgment against Mazars USA, according to Guru Club. CEO Arjun Sethi noted the case involves de-banking, regulatory pressure, and the need for clear U.S. crypto market rules, calling for Congress to pass the CLARITY Act.

According to the Bank of Korea's report to Parliament on July 9, the Korean won fell to around 1,500 per dollar, driven by foreign investor stock selloffs and expectations for higher U.S. interest rates. The central bank attributed the currency's steeper depreciation compared to other major currencies to geopolitical risks in the Middle East, dollar strength, and large-scale foreign stock net sales. Foreign investors sold 57.2 trillion won ($43.8 billion) worth of domestic stocks in June, follow