Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
13:30

Kraken Launches Dollar-Settled BTC and ETH Options on Kraken Pro

According to Odaily, Kraken launched dollar-settled BTC and ETH options on Kraken Pro today, initially available through request-for-quote (RFQ) trading, with European markets coming later. The exchange plans to expand the offering through order books, broader geographic coverage, and additional assets.
13:25

David Sacks Criticizes OpenAI for Weaponizing Regulatory Uncertainty Against Open-Source Competitors

David Sacks, chair of the U.S. President's Council of Advisors on Science and Technology, recently criticized OpenAI strategist Dean W. Ball for suggesting the U.S. government deliberately create regulatory uncertainty to discourage adoption of models like Kimi K3 from Moon-focused competitors. Sacks stated: "Weaponizing regulatory uncertainty as a competitive tool is completely unacceptable. Regulatory decisions must be grounded in facts, logic, and evidence, not designed to create fear and unc
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13:13

U.S. Energy Secretary Wright Ensures Strait of Hormuz Oil Flow Below 7M bpd

According to recent remarks, U.S. Energy Secretary Wright stated that the United States will ensure oil shipments through the Strait of Hormuz regardless of Iranian assistance. The seven-day rolling average of oil flow through the strategic waterway currently stands below 7 million barrels per day.
13:05

Whale Wallet Closes $3.8M SOLANA Short Position, Profits $197,800 While Depositing $30M to HyperCore

According to Hyperliquid News, a whale wallet has closed the majority of its $3.8 million short position in SOLANA (solana:5u8PrRBuWvVLEJrjNRNSinhH3Rsxmtx1hjUynTZP pump), realizing profits of $197,800. The wallet has reduced its remaining short position to approximately $300,000 (44,168 tokens). Meanwhile, the wallet has deposited $30 million to HyperCore and currently holds a $3.25 million long position with an unrealized loss of $123,000.
13:01

Claude 'i-have-adhd' Skill Gains 1,100 Stars with 10 Output Rules

According to Beating, a third-party Claude Code Skill named i-have-adhd is gaining traction in the developer community with 10 rules designed to make Claude responses more direct and actionable. The rules include: (1) provide action on the first line, (2) use numbering for multi-step tasks, (3) state current progress each round, (4) give specific times and quantities, (5) limit lists to 5 items maximum, (6) retain only necessary information, (7) suppress tangents proactively, (8) clearly state n
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13:01

Trump Earned Over $1.4 Billion From Crypto Projects Last Year, Financial Disclosures Show

According to Trump's financial disclosures filed with the U.S. Office of Government Ethics, the president earned over $1.4 billion from crypto projects last year, including World Liberty Financial and Trump meme coin. Reuters analysis of his holdings over the past two years shows that as crypto-generated funds flowed in, his stock and bond investment portfolio at least tripled in size, reaching $703 million to $2.6 billion by end-2025, compared with $225 million to $608 million at end-2024.
12:57

Single-Stock Leveraged ETFs Show 130% Daily Turnover, 3x Market Average on July 19

According to the Korea Exchange, single-stock leveraged ETFs posted a 130% average daily turnover on July 19, significantly exceeding the overall ETF market average. Some products experienced up to 25 trading hand-offs in a single day, with analysts noting that such frequent ultra-short-term trading is amplifying market volatility. Sixteen leveraged and inverse-leveraged products tracking Samsung Electronics and SK Hynix are currently listed.
12:52

U.S. Regulators Miss GENIUS Act Deadline as Jan. 2027 Stablecoin Rules Loom

U.S. federal regulators missed yesterday's (July 18) statutory deadline for completing rulemaking on the GENIUS Act's federal stablecoin framework, leaving multiple core rule packages unfinished less than six months before the law's scheduled Jan. 18, 2027 effective date. The Treasury Department, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration, Federal Reserve, and FinCEN still have pending proposals covering licensing, reser
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12:49

Circle, Coinbase Face Margin Pressure in Stablecoin Competition, JP Morgan Says

According to JP Morgan Chase, on July 15, Circle and Coinbase face profitability pressure amid intensifying stablecoin revenue competition, particularly following their recent contracts with HyperLiquid. JP Morgan assessed that both companies are confronted with a 'Prisoner's Dilemma' scenario. Coinbase currently holds reserves of USDC (the world's second-largest stablecoin), with revenue from reserve management becoming increasingly competitive.
12:47

Kimi K3 Launch Triggers 'DeepSeek-Style Shock' Concerns on Wall Street This Week

According to the Wall Street Journal, Moonshot AI's launch of low-cost, high-performance model Kimi K3 has triggered 'DeepSeek-style shock' concerns on Wall Street, with AI chip stocks facing selling pressure. Morgan Stanley said the market may experience a similar disruption to the one triggered by DeepSeek in early 2025, with low-cost, high-performance AI models potentially challenging U.S. leaders like OpenAI and Anthropic while undermining demand for the large-scale compute infrastructure su
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