Gate Crypto Flash News and Market Updates

According to pump.fun co-founder Sapijiju's official weekly report, the protocol generated $7.2 million in fees from Bonding Curve, PumpSwap, and Terminal for the week ending July 5. Of this, 50% was used to buy back and burn PUMP tokens, with approximately $3.7 million in PUMP burned over the seven-day period. The protocol has cumulatively burned 41.8% of the circulating supply.

According to Foresight News, NEAR Protocol's Dynamic Resharding feature went live on testnet last week with v2.13 upgrade. The feature enables shards to automatically split when reaching state size thresholds, eliminating the need for manual intervention or coordinated upgrades to scale the network. The upgrade also includes migration to post-quantum-secure signature schemes.

According to Bubblemaps monitoring data, 94% of ANSEM's over 110,000 token holders are currently profitable. The breakdown includes 12 holders with over $1 million in gains, 200 with over $100,000, 1,500 with over $10,000, 6,000 with over $1,000, and approximately 100,000 smaller holders in profit.

Nasdaq 100 Index Futures declined 0.9% intraday on July 7.

Elon Musk's SpaceX rebranded as SpaceXAI and unveiled a new logo on Monday (July 6), formally marking the full integration of his AI startup xAI into the rocket company. The rebrand was announced via a post on X. SPCX shares closed down 1% on Monday at $160.42 ahead of the company's inclusion in the Nasdaq-100 index on July 7. In its IPO prospectus, SpaceX identified AI as the largest addressable market segment at $26.5 trillion of its total $28.5 trillion TAM.

According to an announcement from Far East Development on July 6, JD.com, through its subsidiary JD Fabulous Development XI Limited, acquired 100% equity of Charter Joy Limited for HK$750 million. The target asset is a hotel property in Kowloon, Hong Kong, currently being converted into student accommodation with completion expected in the second half of 2026. Far East Development will continue operating the project for three years, providing an annual guaranteed rental income of HK$45 million.

According to Bitget, South Korea's KOSPI index fell 7% to 7,487.25 points on July 7. Samsung and SK Hynix both declined nearly 9%. Leveraged products tracked these movements, with the 2x long Samsung ETN (07747) down over 20% and the 2x long SK Hynix ETN (07709) down over 19%.

Intel confirmed today that it has raised suggested prices for select consumer-grade and server-grade processors, including Core Ultra 200S Plus consumer CPUs and certain Xeon 6 and Xeon 8000 series server processors. The company attributed the price adjustment to changes in market conditions and ongoing assessments of supply chain costs. Server processor price increases will directly raise costs for enterprises building AI data centers and computing infrastructure, while consumer CPU price rises

According to UAnalyze, Apple extended its chip supply partnership with Broadcom through 2031 today (July 7), expanding customized wireless communication chip development and supply. Apple is estimated to contribute approximately 20% of Broadcom's annual revenue and remains a key strategic customer. Broadcom will continue providing Apple with customized RF components, Wi-Fi, Bluetooth, and networking semiconductors for iPhone, iPad, and Mac devices. The extended deal reflects Apple's continued re

According to BlockBeats and GMGN data, on July 7, ANSEM's circulating market cap reached $417 million, surpassing TRUMP's $395.8 million. ANSEM, a Solana-based meme token promoted by crypto influencer Ansem, has gained significant momentum in recent weeks. Initially allocated 65% to Ansem personally without lock-up provisions, the influencer has distributed tokens through airdrops and community incentives, reducing his holdings to 58.43% after several rounds of distribution.

According to AMP chief economist Shane Oliver, the U.S. president may significantly expand overseas military operations after the midterm elections and before the 2028 presidential election, with potential targets including Iran, Greenland, and Cuba. Oliver highlighted this as a key market risk for the coming year, noting the concern is particularly acute if Trump loses congressional control in November.

According to Hong Kong Exchanges and Clearing Limited, ride-hailing service provider Shengwei Shidai submitted its main board listing application on June 29, with China CITIC Bank International as the sole sponsor. This marks the company's third submission since November 2024. The company operates 207 online ride-hailing licenses and ranks first in the domestic road passenger transport information service market.

According to remarks made on July 7, PBoC Governor Pan Gongsheng said the central bank will work with Hong Kong's government and financial regulators to further develop Hong Kong as an international financial center, with one key focus on maintaining the city's financial stability and security. Pan noted that financial security is the cornerstone of Hong Kong's long-term prosperity as a global financial hub. He emphasized that with strong national economic and financial support, as well as China

According to Coinbase, the exchange has announced support for Bittensor's TAO token on its spot network, providing the decentralized AI asset with expanded liquidity access through a major U.S.-regulated platform. Coinbase has marked TAO as "experimental," signaling higher volatility risk and limited trading history compared to established tokens. The listing demonstrates continued demand for decentralized AI assets, though market focus remains selective within the broader altcoin sector.

According to BlockBeats, on July 7, Bitget launched perpetual contracts for 13 stocks and ETFs, including TTWO (Take-Two Interactive Software), BSP (Bending Spoons), SUMIELEC (Sumitomo Electric Industries), DISK (Tema Storage ETF), and BNC (CEA Industries). All contracts are settled in USDT with up to 20x leverage and support 24/7 trading.

According to Sign's official statement, on July 7, Sign partnered with Bhutan NDI, a subsidiary of Druk Holding & Investment (DHI), to develop sovereign digital identity and verifiable credential systems for governments. The collaboration aims to build secure, inclusive, and interoperable identity platforms that enable citizens to safely manage their identities while maintaining privacy, security, and data sovereignty standards.

Hong Kong's Financial Services and the Treasury Bureau announced today (July 7) the formal launch of trial operation for the Hong Kong Gold Central Clearing and Settlement System, accompanied by a series of supporting measures to establish a modernized gold trading ecosystem. Key measures include a gold trading linkage with Shanghai Gold Exchange (physical exchange in first phase), introduction of a new "HAU" price code, expanded storage capacity and enhanced refining capacity, enriched gold inv

According to Jin10 Futures, over the weekend on July 7, OPEC+ decided to continue production increases, marking multiple expansion decisions within the past six months. The strong production increase intent from Saudi Arabia, despite near-term constraints from Strait shipping disruptions, is driving bearish market sentiment and extending weakness in oil prices. Shuangchuang Analytics expects oil prices to remain under pressure as Saudi output increases materialize and strait passage efficiency i

According to Jin10, on July 7, China's Deputy Minister Ling Ji met with Swiss Federal Secretary for Economic Affairs and Education and Director of the State Secretariat for Economic Affairs Budrig.

According to Jin10, PBOC Governor Pan Gongsheng announced on July 7 that the People's Bank of China will support the Hong Kong Monetary Authority in increasing the renminbi business funding arrangement scale from 200 billion yuan to 500 billion yuan, with the usage period extended to no more than three years. The arrangement aims to provide Hong Kong commercial banks with stable and cost-effective medium to long-term renminbi funding sources.