Gate Crypto Flash News and Market Updates

Canada's exports reached CAD 77.1 billion in May, according to official statistics. The prior month's figure was revised upward to CAD 76.4 billion from the previously reported CAD 75.16 billion.

The U.S. recorded a trade deficit of $76 billion in May, marking the largest monthly shortfall since March 2025, according to official trade data.

According to PPP, a profitable smart money account (address: 0xdb859a551fcf56e49416160911476bea7307152f) purchased over $101,000 worth of Argentina victory predictions in Polymarket's 2026 World Cup Round of 16 Argentina vs. Egypt event. The account opened a position at an average price of $0.73 per share, acquiring 140,000 shares. The match is scheduled for July 8 at 00:00 Beijing time.

According to the Dalian Commodity Exchange (DCE) announcement, effective from the July 10 trading session (including the July 9 night trading session), the exchange adjusts the commission fee rates for styrene and pure benzene futures contracts.

U.S. President Donald Trump stated that Toyota is relocating from Mexico to Texas.

According to Robert Brovdii, commander of Ukraine's drone forces, Ukraine launched overnight attacks on eight Russian small tankers in the Azov Sea on July 7, targeting fuel supplies to Crimea. Brovdii stated that the vessels, each with a carrying capacity of 7,000 tons, are part of Russia's shadow fleet and are subject to international sanctions. The tankers were built between 2006 and 2012.

According to PANews, USDD's DeFi Summer activity on TRON attracted over $100 million in net inflows within 48 hours of launch on July 7, pushing JustLend's USDD TVL to exceed $400 million. The initiative, which began July 6, offers $900,000 in total rewards through August 5 (Singapore time), with users participating via JustLend earning rewards beyond base APY and competing for a $600,000 USDD reward pool.

According to multiple sources including Shanghai Securities News, Gao Shanwen, former chief economist at Guotai Securities, died on July 7 at age 55. Born in 1971, he was one of China's most influential macroeconomists, having served at the People's Bank of China, Everbright Securities, and Guotai Securities.

According to Foresight News, Bending Spoons' tokenized stock BSPx officially launched on Mantle on July 7, joining SPCXx and USPXx which went live on June 19 and June 23 respectively. BSPx, issued by xStocks, is now trading on Fluxion and represents ownership in Bending Spoons, which owns WeTransfer, Vimeo, Evernote, and AOL. Trading is supported by Fluxion's hybrid infrastructure: the Atomic RFQ mechanism anchors real-time market quotes during trading hours, while the AMM mechanism enables cont

According to Maeil Business Newspaper, shares of Shinsegae Guangzhou department store surged nearly 30% on two separate occasions in late June following the announcement of semiconductor investment plans in the Honam region. Samsung Electronics and SK Hynix disclosed their Gwangju investment initiatives on June 29, with the retail company emerging as the primary beneficiary among listed Honam-based enterprises. Shinsegae Guangzhou, the only listed department store operator headquartered in Gwang

According to ADP, U.S. private sector employment increased an average of 21,000 workers per week over the four-week period ending June 20.

U.S. ADP private payroll employment rose by 21,000 in the week ending June 20, declining from 30,750 in the prior week.

According to crypto commentator Peter Schiff, the Trump family has profited billions of dollars by selling cryptocurrencies and Trump-related company stocks to the public, but the profits came from investors' losses rather than genuine value creation. Schiff indicated the gains were largely derived from inexperienced Trump supporters who mistakenly viewed these products as legitimate investments.

According to ChainCatcher, Streamex's board has approved a stock buyback plan valued at up to $20 million. The Nasdaq-listed RWA and stablecoin service provider may repurchase up to 10 million shares of common stock within the next 12 months, with a maximum repurchase price of $2 per share.

According to Bloomberg, AI legal startup Norm raised $120 million in a new funding round on July 7, bringing its valuation to approximately $1.2 billion. Khosla Ventures led the round, with participation from Blackstone, Bain Capital Ventures, and Coatue Management. The company has accumulated over $260 million in total funding since its 2023 founding. Unlike traditional legal software vendors, Norm operates its own law firm, Norm Law, providing legal services delivered by lawyers and AI enginee

According to research published today, Anthropic discovered a distinct internal mechanism called the J-space within its Claude language model that mirrors conscious access in the human brain. The J-space enables the model to perform deliberate reasoning and hold concepts in mind without generating visible text output, operating silently within the model's internal activations using a new interpretability technique called the Jacobian lens. Experiments confirmed the J-space is causally responsibl

According to Korean Economic Daily, foreign investors dumped approximately 2 trillion won (KRW) of Samsung Electronics shares recently, triggering a sharp decline in the stock price. The selloff sent South Korea's KOSPI index below the 7,000-point threshold. Despite Samsung achieving the highest operating profit globally in the second quarter, surpassing Nvidia, market sentiment remained subdued as investors locked in gains following the recent rally.

According to BlockBeats citing BIT market data, storage, semiconductor, and optical communications stocks declined sharply in US pre-market trading on July 7. Western Digital (WDC) led storage declines with a 7.30% drop, followed by Seagate (STX) down 5.97% and Micron (MU) down 5.34%. Semiconductor heavyweights also weakened: ASML (ASML) fell 3.74%, Intel (INTC) dropped 3.54%, and AMD (AMD) declined 3.85%. Optical communications sector stocks including Lumentum (LITE) and Ciena (CIEN) each fell

According to PANews, BlackRock announced on Tuesday (July 7) the launch of iShares Nasdaq-100 ETF, set to begin trading on Thursday (July 9). The fund will track the Nasdaq-100 index, which is heavily weighted toward technology stocks. BlackRock's entry competes directly with Invesco's established Nasdaq-100 related products, including its popular QQQ Trust Series 1, which has long dominated this segment among investors seeking large-cap growth and tech stock exposure.

The U.S. ADP employment change for the week ending June 20 will be released in approximately ten minutes, at 2026-07-07. ADP's weekly employment figures track private sector job movements and serve as an early indicator ahead of the official nonfarm payrolls report.