Gate Crypto Flash News and Market Updates

According to Rick Rule during a July 7, 2026 interview with The David Lin Report at the Rule Symposium in Boca Raton, Florida, high-yield and subprime credit ETFs holding trillions in assets face significant liquidity mismatch risk. Rule said while ETF shares trade freely, many underlying bonds do not—some trading only once every six weeks. If fund managers are forced to sell such debt overnight to meet redemptions, prices will reflect the seller's distress rather than broader market value. Rule

According to CNBC and U.S. Central Command, the U.S. military resumed powerful airstrikes against Iran on Tuesday (July 7) in response to Iran's attack on three commercial vessels in the Strait of Hormuz. The escalation risks reigniting regional tensions and may trigger market concerns over potential closure of the Strait of Hormuz, a critical global energy transit chokepoint. The incident follows a similar attack and military exchange between the two nations last month, after which both sides a

According to a regulatory filing on Tuesday, Estée Lauder Companies increased its cumulative restructuring costs to $1.75 billion from a previously estimated $1.55 billion. The charges are primarily associated with workforce reductions, including severance expenses, asset-related costs, contract termination fees, and other expenses.

According to National Assembly President Jorge Rodriguez on July 7, the death toll from Venezuela's recent earthquake has risen to 3,685, with 16,740 injured. The figures were announced via social media.

According to CCTV, Qatar lodged a formal protest with Iran on July 7 after its transport vessel Al-Ruqayya came under attack near the Strait of Hormuz. Qatar's Foreign Ministry summoned Iran's Deputy Ambassador to the country and submitted a protest note, stating the attack on the vessel threatens international maritime navigation safety and global energy supply security, in violation of international law. Qatar demanded Iran provide immediate clarification regarding the incident.

According to Korea Exchange, Hanwha Ocean lost the Canadian Navy's CPSP (Canadian Submarine Procurement Project) bidding to German competitor ThyssenKrupp Marine Systems on July 7, with the stock falling 22.65% to close at 89,800 KRW. Canadian Prime Minister Mark Carney announced TKMS as the preferred bidder on July 6 (local time). The CPSP project, designed to replace Canada's aging submarines, was valued at approximately 60 trillion KRW for 12 submarine builds and 30+ years of maintenance serv

According to Iran's Tasnim News Agency, Israel launched airstrikes on southern Lebanon today, with targets including the town of Bayt Yahoun and areas between Bayt Yahoun and Buraihit.

According to the CFTC, the agency charged Trevor Vernon and his company Argent Capital Management LLC on Tuesday for defrauding approximately 60 people out of $14 million through a bogus commodity pool trading options, equity futures, and cryptocurrencies. The CFTC alleged Vernon misrepresented himself as a successful trader while incurring at least $8.6 million in losses on participants' funds. Vernon and his company were also not appropriately registered with the CFTC and made false statements

According to a blog post on Tuesday, Kraken's parent company Payward won a $22 million arbitration award against auditor Mazars USA, which abruptly abandoned a nearly completed audit during Operation Choke Point 2.0 in 2022. Mazars withdrew due to uncertainty around regulatory pressure on crypto firms, including the SEC's enforcement actions against Kraken, though the auditor confirmed in writing it had no disagreements with Payward's management or findings of fraud. The SEC later dropped its co

According to Iranian Foreign Ministry spokesperson Baghei, on July 7, Iran rejected Qatar's accusations regarding the attack on Qatari vessels in the Strait of Hormuz on July 6, stating the accusations were unfounded and violated neighborly principles. Baghei cited the June 18 Memorandum of Understanding, which commits Iran to ensure the management and maritime services of the Strait of Hormuz, and emphasized that Iran was seriously fulfilling its obligations. He called on regional countries, pa

The UK government announced it will lead a European initiative to increase funding for deep strike capability development. Under the new initiative, allied nations will collectively invest $50 billion over the next decade to develop enhanced precision strike capabilities.

Trans Mountain, the government-owned Canadian pipeline operator, reached a settlement on Tuesday with oil shippers over a longstanding fee dispute. The company will submit the agreement to Canada's energy regulator for approval; the deal covers the majority of its contracted shipping volume. As part of the settlement, Trans Mountain is seeking to increase its contracted capacity share from 80% to 90%, which would reduce the portion reserved for spot market shipments from 20% to 10%.

Tether is investing $20 million in Mercado Bitcoin, a Brazilian digital financial platform, as part of a strategic financing round to expand onchain financial infrastructure across Latin America. The capital will support Mercado Bitcoin's growth in tokenization, payments, lending, credit, and capital markets services. Mercado Bitcoin serves over 4.5 million users and has issued more than 2 billion Brazilian reais, approximately $370 million, in tokenized assets. The company holds nearly a dozen

According to Nasdaq, SK Hynix is scheduled to begin trading on the Nasdaq exchange on July 10.

According to CCTV, on July 8 early morning, 6 explosions were reported near a village on Iran's Qeshm Island. A village in Sirik, southern Iran, also reported 7 explosions during the same timeframe.

According to Craig Hemke at Sprott Money, gold and silver prices likely hit their 2026 lows in late June, with recovery expected as inflation concerns ease. The precious metals' weakness followed the Iran War, which sent crude oil surging from $65 to $110 per barrel. With crude prices now falling back to $68 as hostilities subsided, Hemke expects the energy component of the Fed's preferred inflation measure to decline in the coming months, signaling a shift toward rate cuts rather than hikes. "I

According to Iran's Foreign Ministry on July 8, the U.S. Treasury revoked a permit suspending sanctions on Iranian oil sales, directly violating the Islamic Agenda Memorandum signed on June 18. The ministry stated the cancellation of the June 21 authorization—less than three weeks after the accord—demonstrates Washington's lack of good faith. Iran warned that if the U.S. continues to breach the agreement, it will take all necessary measures to protect national interests.

According to Coinglass data, 50 million USDT transferred from Binance to an unknown wallet on July 8 at 5:23 AM UTC.

According to sources familiar with the matter, Netflix, Disney, and YouTube are competing to challenge Fox for U.S. broadcast rights to the 2030 and 2034 FIFA World Cups, with discussions expected to begin within the next three months. Amazon and Apple could also enter the bidding. Media executives are budgeting between $1.5 billion and $2 billion for the combined English- and Spanish-language U.S. rights to each tournament, a shift from previous tournaments where the languages were sold separat

According to S&P Dow Jones Indices, the index provider may implement special measures for Indonesia and reclassify the country's market status in 2027. Turkey and Nigeria could also face reclassification in the same period.