Gate Crypto Flash News and Market Updates

According to Wall Street Journal, Morgan Stanley Investment Management launched two new exchange-traded products (ETPs) today (July 28): Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL). Both products are designed to track the performance of ETH and SOL, the native digital assets of the Ethereum and Solana blockchain networks, respectively.

According to Korea Economic TV, South Korea's Financial Services Commission Chair Lee Euk-won said on July 28 that the financial authorities are considering imposing an investment cap limit—up to 20%—on leveraged single-stock exchange-traded funds (ETFs) to control market volatility. Lee held a meeting with major securities firms and asset management companies at the Financial Investment Association in Seoul, emphasizing that the authorities aim to maintain macroprudential stability through comp

According to Public Citizen estimates, Ripple has contributed approximately $48 million during the 2026 election cycle, making it one of the largest corporate political donors in the United States. Most of the funding flows through Fairshake, the crypto industry's leading super PAC network, which entered 2026 with roughly $193 million in cash. Ripple's largest disclosed commitment is a $25 million contribution to Fairshake announced in late 2025. The House-approved CLARITY Act now faces a crucia

On July 27, during a surprise X AMA, Cardano founder Charles Hoskinson admitted the project's strategy requires a shift, stating: "I still do believe our best days are ahead of us... We just have to change the approach, and we just have to change the strategy." ADA traded at $0.1566, down 1.57% in 24 hours, with the token shedding 53% year-to-date amid governance disputes and the cancellation of the 2026 Cardano Summit. Hoskinson's remarks signal a structural recalibration, though specifics rema

According to Kraken's status page, the exchange has fixed a bug in its mobile app that incorrectly displayed available balance as zero (€0 or equivalent) for Instant Buy users. The issue affected customers using euro and other fiat currencies. Kraken temporarily recommends users conduct Instant Buy operations via the web platform while monitoring continues. Other services remain unaffected.

Meta and BlackRock are collaborating to develop a data center campus in El Paso, Texas, with a total development cost of $14 billion. The partnership marks a significant infrastructure investment as both tech and finance giants expand computing capacity to support AI and cloud services.

The S&P/CS20 index of the 20 largest U.S. cities rose 0.15% month-over-month in May, a seasonally adjusted basis, according to the index data. This marks a reversal from the prior month's decline of 0.04%.

The U.S. S&P/Case-Shiller 20-city home price index rose to 1.63% year-over-year in May, according to the latest data, up from 1.14% in the prior month.

According to the Federal Housing Finance Agency (FHFA), the U.S. housing price index rose to 2.2% year-on-year in May, up from 2.0% in the prior month.

The S&P/CS 20-City Composite Home Price Index (non-seasonally adjusted) rose 1.6% year-over-year in May, exceeding economist expectations of 1.3%. The index's prior reading was revised upward to 1.2% from the originally reported 1.14%.

The S&P/CS 20-City Home Price Index rose 0.2% month-over-month in May, surpassing market expectations of 0% and improving from April's -0.04% decline.

The S&P/CS Composite-20 House Price Index rose 0.9% month-over-month in May, down from 1% in the prior month.

According to data, the U.S. FHFA House Price Index reached 442.4 in May, while the prior month's reading was revised downward to 441.3 from the previously reported 441.4.

According to the Federal Housing Finance Agency (FHFA), the U.S. House Price Index rose 0.3% month-over-month in May, reversing the prior month's decline of 0.10%.

According to Iranian senior officials, Oman has proposed a new management plan for the Hormuz Strait. Iran has not yet responded to the proposal.

According to Bloomberg senior ETF analyst Eric Balchunas, on July 28, semiconductor ETFs dominated U.S. stock market pre-market trading by volume, with SOXL leading the top 15 most-traded ETFs. Ten out of the top 15 pre-market ETFs were semiconductor-related, up from five in the previous day's top 10.

According to Redbook, the U.S. business retail sales year-over-year rate rose to 8.1% for the week ending July 25, up from 7.8% the previous week.

According to Bloomberg, Visa is cutting approximately 2,600 employees, or about 7% of its workforce, with layoffs affecting its technology and product teams. CEO Ryan McInerney said the company aims to improve operational efficiency and redirect resources toward high-potential business areas. Visa plans to accelerate growth in consumer payments, commercial and money flow solutions, and value-added services including stablecoins, cross-border payments, and B2B offerings.

According to BlockBeats, on July 28, President Trump stated that new tariffs will not harm the U.S. economy.

According to Morgan Stanley analysts, the firm released a report on July 27 presenting three frameworks for calculating generative AI return on invested capital (ROIC). The frameworks cover GPU rental services from hyperscale cloud providers, model API operations on proprietary infrastructure, and model APIs operating on third-party infrastructure. The three scenarios project ROIC of approximately 31%, 46%, and 25%, respectively.