Gate Crypto Flash News and Market Updates

Institutional crypto exchange EDX secured $76 million in funding from SBI Holdings on July 7, according to the latest announcement.

According to BlockBeats, tokenized stock trading volume surged 145% to $386 million in June, marking an all-time high driven by SpaceX's record IPO. Tokenized SpaceX shares (SPCX) accounted for $119 million, or 31% of total tokenized stock trading volume. The overall tokenized stock market capitalization reached $153 million in June, up 6.64% month-over-month, extending its growth streak to 15 consecutive months.

According to TheStreet, on Monday, Donald Trump left the door open to Bitcoin's potential inclusion in his Trump Accounts savings program launched July 4. Speaking at the Oval Office ceremony, Trump stated he considers himself a strong crypto supporter, attributing his shift partly to watching capital flow into Bitcoin and noting that China's growing interest in the sector influenced his perspective. Trump emphasized that if the U.S. doesn't lead in crypto, another country will. Bitcoin climbed

According to TheStreet, Ondo Finance launched Ondo Perps on July 7, the first permissionless platform enabling investors outside the United States to trade perpetual futures on U.S. equities using tokenized stock and ETF holdings directly as collateral. The platform offers up to 20x leverage on widely traded assets including SpaceX (SPCX), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA), Micron (MU), the Nasdaq QQQ ETF, gold, and silver. Unlike traditional perps platforms that require stablecoins or c

MicroStrategy confirmed it sold 3,588 BTC for approximately $216 million to fund dividend payments on its Digital Credit securities, a transaction that coincided with a TD Sequential sell signal flagged by analyst Ali Martinez on X. Martinez noted the timing as inopportune for bulls, with the technical indicator and institutional sale occurring simultaneously. As of July 5, MicroStrategy holds 843,775 BTC and $2.55 billion in cash, maintaining the largest corporate Bitcoin position globally.

According to Bernstein and TeraWulf, the company signed a 20-year, $19 billion lease agreement with AI developer Anthropic on Monday. The contract covers 401 megawatts of IT load at TeraWulf's Justified data campus in Hawesville, Kentucky, generating an average annual yield of $2.4 million per IT megawatt—exceeding Bernstein's prior $1.9 million assumption. TeraWulf also agreed to sell its 50.1% stake in the Abernathy joint venture to Fluidstack for $530 million, yielding an 18% return on its or

According to Iran's state news television, an Iranian official stated that any "provocative action" from the United States will face an immediate and resolute response from Iran.

According to the U.S. Energy Information Administration (EIA) short-term energy outlook released by Jin10 Data on July 8, natural gas consumption in the American power sector is forecast to hit a record level next year, driven by rising overall electricity demand, expanded natural gas generation capacity, and relatively low natural gas prices. The EIA predicts economy-wide natural gas demand will rise slightly this year and grow 3 percent in 2027. Wholesale electricity prices are expected to ave

According to Ukraine's Security Service on July 7, Ukrainian law enforcement discovered the body of Anastasia Berezovskaya, a suspect in the Monaco bombing case from late June, and arrested two Ukrainian nationals accused of her killing. Berezovskaya entered Ukraine on July 1 and came under investigation. The arrested individuals include an active officer of the Defense Intelligence of Ukraine and a former law enforcement official, both of whom had made frequent transfers to Berezovskaya's accou

According to UK Maritime Trade Operations, three vessels were reported attacked in the Strait of Hormuz within 24 hours as of July 7, with the latest incident occurring when an oil tanker was struck by an unidentified drone while transiting the waterway. The tanker sustained minor structural damage from the strike, though no casualties or environmental pollution were reported. The vessel remained operational and continued toward its next port of call. These incidents mark an escalation in shippi

According to the U.S. Energy Information Administration (EIA), retail gasoline prices are forecast to average $3.80 per gallon in the third quarter of 2026, declining to approximately $3.40 per gallon in Q4 2026 and to below $3.10 per gallon for the full year 2027, according to its short-term energy outlook report released on July 8.

Iran submitted a document to the United Nations maritime authority on July 7, asserting that the country has jurisdiction over parts of the Strait of Hormuz, according to official submissions. The waterway is currently a key topic in peace negotiations between Washington and Tehran. Iran stated that the territorial waters within the Strait of Hormuz fall under its sovereignty and that, under international maritime law, coastal nations exercise sovereign rights and jurisdiction over their territo

According to BlockBeats, Tiger Brokers upgraded its Coinbase rating from Hold to Buy on July 8, setting a $200 price target.

According to the U.S. Energy Information Administration (EIA), on June 18, the U.S. and Iran signed a memorandum of understanding to end conflict and reopen the Strait of Hormuz. Following the agreement and increased transit through the waterway, the EIA raised its forecast for global crude oil production through the remainder of 2026. The agency now expects most crude output to recover to near pre-conflict average levels by year-end 2026, with the majority of shut-in production coming back onli

According to the U.S. Energy Information Administration (EIA) on July 8, global oil inventory drawdown in Q3 2026 is now projected at 2.2 million barrels per day (bpd), sharply down from over 7 million bpd forecasted in June. The revision reflects increased oil production and recovering trade flows. The EIA anticipates the global oil market will return to a pre-conflict supply surplus state in 2027 as production continues to rise.

According to Lebanese media, President Michel Aoun will visit the White House on July 21.

According to E Daily, Micron shares plunged 7% on July 7 after Samsung Electronics reported Q2 operating profit of 8.94 trillion won, beating market expectations of 8.7 trillion won. However, investors focused on concerns that the memory chip market is approaching a cyclical peak, triggering broad selloffs across the sector. SanDisk dropped nearly 11%, Western Digital and Seagate fell 10% and 7% respectively. Analysts noted that rising memory and storage chip prices could dampen demand as compan

According to Goldman Sachs strategists Guillaume Jaisson and others, capital-intensive companies are poised to post robust earnings this quarter and further outperform lighter-asset peers this year. A basket of European capital-intensive sector stocks has gained 15% year-to-date, including utilities and energy, while light-asset stock indices have declined 2% amid investor skepticism over elevated AI valuations. Goldman strategists noted that earnings estimates reflect similar divergence, with c

According to the EIA Short-Term Energy Outlook, U.S. natural gas production in July is forecast to average 124 billion cubic feet per day, up slightly from 123 billion cubic feet per day in June. Production is expected to rise further to 126 billion cubic feet per day in August.

According to market sources, Russian Urals crude oil's discount to Brent crude has widened to over $10 per barrel in India's market due to weak demand. The increased discount reflects softer buying appetite for Russian oil in the region as energy demand pressures persist.