Gate Crypto Flash News and Market Updates

According to Jan Frederik Slijkerman of ING, on July 7, Nvidia's ability to maintain high profit margins faces uncertainty as major technology customers develop custom chips. Microsoft, Alphabet, and Amazon are designing in-house chips to control artificial intelligence infrastructure costs and capital expenditure efficiency, which may intensify competitive pressure on Nvidia's pricing power and threaten its long-term profitability.

According to BlockBeats citing BIT (bit.com) data, Nvidia shares fell 2.21% in premarket trading on July 7, now trading at $191.12.

According to CNBC Housing Market Survey, 44% of real estate agents surveyed in the second quarter of 2026 reported seeing a balanced market between buyers and sellers, up from 30% in the third quarter of 2025. The shift marks a significant rebalancing after years of a seller-dominated market. Asking prices declined 2.5% year-over-year in June, the largest annual drop since tracking began in 2017. Agents report fewer price negotiations and more realistic seller pricing. Mortgage rates and prices

According to Mitsubishi UFJ Bank analyst Lee Hardman on July 7, there are no obvious catalysts for near-term yen strength, despite growing investor bets on further yen weakness highlighting potential for currency recovery. Recent fiscal policy concerns following Japan's new multi-year investment framework have increased pressure on the yen, which has already been pressured by rising energy prices and recent Federal Reserve signals suggesting possible rate increases.

According to RWA INC's announcement on July 7, the platform operator announced a strategic integration with Ondo Finance to list Ondo's institutional-grade tokenized real-world assets (RWAs) on stocks.rwa.inc. The integration aims to improve asset discovery and visibility for investors, financial institutions, and developers by indexing eligible tokenized assets issued by Ondo Finance. The collaboration reflects growing demand for consolidated discovery platforms as the tokenized securities mark

According to Herald Economics, South Korea's Financial Services Commission and Korea Exchange announced stricter dual listing guidelines on June 6, restricting subsidiaries created through mergers, acquisitions, or spin-offs from listing separately. Companies that secured financing from financial investors (FI) under the assumption of IPO timelines now face billions of won in repayment obligations. SK Eco-Plant repaid 1.05 trillion won to financial investors Eeum Private Equity and Premier Partn

According to Wintermute analysis shared by BlockBeats on July 7, Bitcoin and Ethereum rallied as U.S. non-farm payrolls data fell short of expectations and Fed official remarks were read as dovish, driving a broad risk-asset rebound. Bitcoin outpaced the S&P 500 and Nasdaq, with whale wallets accumulating over 270,000 BTC near the 200-week moving average and options markets shifting toward bullish positions in the $60,000–$70,000 strike range. Bitcoin spot ETF inflows also reversed recent outflo

According to Bloomberg, on July 6, Morgan Stanley's chief U.S. equity analyst Mike Wilson said chip stocks, while remaining core assets of the AI wave, have become severely overbought and a short-term pullback of 30-40% is entirely possible. However, Wilson believes this does not signal the end of the U.S. stock rally, as capital rotation into other sectors could allow the S&P 500 to continue climbing. He maintained his year-end target for the S&P 500 to break through 8000, citing enterprise ear

According to Zhitong Finance, Baogai New Materials (08090) will list on the Hong Kong Stock Exchange on July 8. As of market close, dark market trading via Livermore Securities showed a quote of HK$6.61 per share, up 6.27% from the IPO price of HK$6.22. Each lot consists of 500 shares, with gains of HK$195 per lot before fees.

SpaceX (SPCX) joined the Nasdaq-100 Index today (July 7), with major brokerages Wells Fargo, Morgan Stanley, and Goldman Sachs initiating coverage with bullish ratings. Wells Fargo set a $230 price target, representing 43% upside, while Morgan Stanley and Goldman Sachs issued targets of $300 (87% upside) and $205 respectively. Analysts highlighted growth prospects across space transportation, satellite communications, and artificial intelligence. According to JPMorgan, the index inclusion could

According to Yao Cai Securities, six new Hong Kong-listed stocks began trading on July 8, with chip manufacturer Basic Semiconductor (stock code: 09971) leading gains, closing up 11% in gray market trading at HK$35.1 versus the offer price of HK$31.62. Among the six debuts, electronic paper display supplier Oriental Sci-Tech (01770) closed up 4.4% at HK$82.1, autonomous driving company Yikong Zhizhu (07687) closed up 6.69% at HK$93.8, and material science company Bojai New Materials (08090) clos

According to IDC on July 7, the global commercial service robot market reached $1.37 billion in 2025, growing 35.7% year-over-year, with annual shipments of approximately 155,000 units, up 44.1%. Chinese vendors dominated the market, commanding over 90% of the combined share among the top ten manufacturers globally, leveraging supply chain and AI technology advantages.

According to an official statement from Indonesia's government communication bureau released today (July 7), Indonesian President Prabowo and visiting Indian Prime Minister Modi signed more than a dozen agreements in Jakarta, including defense cooperation. The Brahmos Aerospace Company of India and Indonesia's Defense Ministry inked a procurement contract for the Brahmos air defense system, while India's defense contractor also executed an air-to-air missile cooperation agreement with Indonesia'

According to BlockBeats, OKX's Flash Earn Lite will launch AI (Gensyn) from July 10–14, 2026 (UTC+8), allowing users to stake BTC, OKSOL, OKB, or AI to share 8 million AI tokens in rewards. Users can start participating immediately, with rewards calculated after the official launch.

According to the Central Committee for External Contacts, Liu Haixing, head of the Chinese Communist Party's International Liaison Department, met with former French Prime Minister Edouard de Villepin and chairman of the Prospective and Innovation Foundation in Beijing on July 7. Liu said China is willing to deepen high-level exchanges with France, strengthen political trust, and enhance cooperation in trade and cultural sectors to advance China-France and China-Europe relations. The department

According to Jin10, on July 7, People's Bank of China Governor Pan Gongsheng attended the Hong Kong Monetary and Fixed Income Summit and delivered remarks. He witnessed the trial operation of the Hong Kong Gold Central Clearing and Settlement System and the launch of Shanghai-Hong Kong gold market cooperation with Hong Kong Chief Executive John Lee, alongside the signing of a cooperation memorandum between the Cross-border Interbank Payment and Clearing Company and Hong Kong Exchanges and Cleari

According to Jin10, on July 7, Foxconn Industrial Internet Co. elected Zheng Hongmeng as chairman with 9 votes and appointed him CEO. The board also appointed Zhang Ruixiong, Bai Jianan, and Wu Zhenting as vice presidents, Shen Daobang as CFO, Liu Zongzhang as board secretary, and Xie Xiaoxiao as securities representative. Four specialized committees, including strategy, nomination, compensation, and audit, were also formed.

According to Compass Point, the firm downgraded Circle Internet Group (NYSE: CRCL) to Neutral from Sell on June 30, cutting its price target to $55 from $97. The move followed the announcement of Open USD (OUSD), a rival stablecoin backed by over 140 partners. In contrast, Clear Street maintained a Buy rating with a $157 price target on July 1, arguing the selloff was overdone. CRCL closed at $68.64 on July 6, up 6.22% for the day.

According to MoneyDj, Hong Kong's Hang Seng Index fell 119.43 points or 0.51% to close at 23,496.89 on July 7, while the Hang Seng Tech Index dropped 34.19 points or 0.75% to 4,507.04. Tech stocks led the decline, with Kuaishou plunging over 12% following Tencent's stake reduction, weakening overall sentiment in the sector. Despite early gains from Tencent, Alibaba, and Meituan, the index faced selling pressure after touching the monthly line in afternoon trading.

According to Hyperinsight monitoring, a whale address (0x4c7) that shorted Korean semiconductor stocks saw its positions turn profitable overnight on July 7. The address held six semiconductor short positions worth approximately $31.03 million in total notional size, with floating gains of $838K as of today. The two largest positions—SK Hynix (4x leverage) and Samsung Electronics (4x leverage)—flipped from a combined $638K loss yesterday to a combined $378K gain today, generating $1.01 million i