Gate Crypto Flash News and Market Updates

According to Belgorod Regional Governor Dmitry Shvaev, Ukrainian forces attacked a passenger bus in the region today (July 20) using unmanned drones, killing 5 people and wounding 23 others. The fatalities included one minor, Shvaev said in a social media post.

According to BlockBeats, on July 20, SpaceX plans to order approximately 13,000 NVIDIA GB300 AI server racks from Foxconn, with a deal value potentially reaching $52 billion.

According to Jin10 citing Statistics Canada, Canada's June consumer price index (CPI) fell to 2.8% year-over-year on July 20, driven by lower gasoline prices and beating economist forecasts of 2.9%. Core inflation dropped to 1.85%, marking the lowest level since September 2020 and the first time in six years the key gauge has fallen below 2%, down from 3.2% in May.

According to Bitcoin.com News, Coinbase CEO Brian Armstrong said on July 20 that hash power leaving Bitcoin does not determine its price, citing the protocol's difficulty adjustment mechanism. Armstrong rejected billionaire investor Chamath Palihapitiya's argument that miners may redirect energy to AI, noting that when miners go offline, the network automatically adjusts difficulty to maintain consistent block creation time. The argument aligns with recent data: Bitcoin's difficulty fell 5% to 1

According to Citigroup strategists led by Scott Chronert, the "Magnificent Seven" framework has become outdated for evaluating U.S. artificial intelligence investment opportunities. The bank's latest report, released in July 2026, argues that the "Magnificent Seven" is "dead" as a structure for assessing large-cap growth momentum, citing significant stock performance divergence among the seven largest U.S. tech firms—Amazon, Nvidia, Meta, Apple, Microsoft, Tesla, and Alphabet. Citigroup recommen

According to Jin10, on July 20, the EU discussed at least three options to resolve the deadlock in its 21st sanctions package against Russia. Greece has blocked measures restricting European companies from transporting Russian liquefied natural gas to third countries. The proposed options include a 24-month transition period before restrictions take effect, complete removal of the LNG limitation, or abandonment of the entire sanctions package.

According to SoSoValue data, spot Bitcoin exchange-traded funds (ETFs) in the US saw net inflows of $75.67 million last week and $197.4 million the previous week. However, these inflows represent only a modest recovery, as the two-week total of $226.84 million falls far short of offsetting the $8 billion in net outflows recorded over the prior eight-week period. Experts caution that sustained inflows over multiple weeks are needed to confirm a structural return of institutional capital to the ma

According to Fortune columnist Jeff John Roberts, on July 20, Coinbase's Layer 2 network Base acknowledged that its strategy to build a decentralized social platform was a failed direction. Base's lead Jesse Pollak admitted that the market lacks sufficient users willing to migrate from X and Instagram to blockchain-based social products, contrary to Coinbase's 2024 vision. The shift reflects broader industry challenges, as crypto transitions from speculative tokenomics toward institutional adopt

According to Iran's FARS News Agency, a 5.2-magnitude earthquake hit Kermanshah Province in western Iran on July 20 morning, with a focal depth of 10 kilometers. The quake left 10 people injured, of whom 4 remain hospitalized and 6 have been discharged. No reports of major damage have been received thus far, with only minor damage to some old residential buildings reported, according to the U.S. Geological Survey.

According to Axios, the Trump administration is signaling a potential ban on advanced Chinese AI models amid the recent rise of China's Kimi AI, which has renewed internal discussions on such restrictions. Sources indicated that the administration has previously attempted to impose substantive restrictions on foreign open-source models, with Kimi's emergence triggering fresh momentum for these policy considerations.

As of 8:29 p.m. on July 20, Hang Seng Index July futures traded at 25,103 points, down 49 points or 0.2% with a 40-point discount to spot. The contract ranged from a low of 25,075 points to a high of 25,248 points. Meanwhile, China Index futures fell 16 points or 0.19% to 8,371 points, trading at an 11-point discount.

According to CNBC, the U.S. completed its ninth consecutive night of attacks on Iran yesterday (July 19) as it fights for control over the Strait of Hormuz. The U.S. death toll from the war rose to 17 after three service members were killed in recent fighting. Brent crude broke past the $90 per barrel mark, building on its roughly 16% advance last week. The national average price for regular gasoline climbed back above $4 per gallon. All three major indexes closed lower last week amid pressure f

Tempus AI, a healthcare technology company, is set to acquire Personalis at $16.25 per share, according to recent reports. The stock declined nearly 4% in pre-market trading on July 20 following the announcement.

According to BlockBeats, Bitmine repurchased approximately 5.5 million common shares last week at an average price of $15.6156 per share, as stated by chairman Thomas Lee on July 20. The company also added 7,430 ETH to its holdings, part of its ongoing Ethereum treasury strategy launched in June 2025. As of July 19, Bitmine has staked 4,917,189 ETH worth approximately $9.2 billion, representing 85% of its total ETH holdings and exceeding any other entity globally, the company said.

Canada's consumer price index declined 0.4% month-over-month in June, falling short of the forecasted -0.2% decline and marking a significant pullback from the 1% growth recorded in the previous month.

According to HTX Research head and chief analyst Andy Liu during a Huobi lecture on July 20, bitcoin's Q3 direction will be primarily driven by global liquidity conditions, ETF flows, and U.S. dollar strength. Liu noted that BTC has evolved beyond a native crypto asset to become a proxy for global dollar liquidity. Regarding ethereum, Liu stated that ETH's short-term challenge is converting ecosystem growth into token value. He identified three key Q3 indicators for ETH: regulatory clarity for d

Canada's consumer price index rose 2.8% year-over-year in June, below the expected 3% and down from 3.2% in May, according to official data.

The U.S. national debt reached an all-time high of $39.5 trillion in July 2026, according to Treasury tracking. Publicly held federal debt has surpassed 100% of GDP for the first time since World War II, having crossed the $39 trillion threshold in April and added roughly $400 billion over three months. Net interest costs are projected to reach approximately $1.04 trillion in fiscal 2026, consuming roughly 14% of federal spending. The federal deficit is trending toward $2 trillion for fiscal 202

According to Globenewswire, Nasdaq-listed Bitcoin mining company LM Funding America will officially rebrand as PowerCompute on July 22, 2026, with its ticker symbol changing to PWCM on Nasdaq opening, marking a strategic shift toward AI computing infrastructure services. The company currently operates two facilities with 26 megawatts of low-cost power resources to support high-performance computing and AI infrastructure services.

According to Shanghai Stock Exchange announcement, Citic Securities terminated market-making services for 6 QDII funds on July 20. The affected funds include exchange-traded index funds tracking Korean semiconductors, Japanese Nikkei 225 index, and U.S. Nasdaq 100 index. Citic Securities clarified that the termination is a purely commercial decision and does not reflect any judgment on market direction.