Gate Crypto Flash News and Market Updates

According to E Daily, on July 8, U.S. President Donald Trump declared the ceasefire with Iran effectively over and suggested additional military strikes during a NATO summit in Ankara. Trump stated, "The ceasefire is over, I think," and added, "We hit them very hard last night, and we will probably hit them hard again tonight," signaling further military action. The comments followed a U.S. airstrike in the Strait of Hormuz in retaliation for attacks on three commercial vessels and the U.S. revo

Waymo announced it will launch fully autonomous ride-hailing services in San Diego, Las Vegas, Tampa, and Denver over the coming weeks, accelerating its expansion across the United States. The services will initially be available to Alphabet employees for testing before rolling out to the general public. According to regulatory filings, Waymo has deployed approximately 4,000 Robotaxis equipped with fifth and sixth-generation autonomous driving systems across the U.S., operating in over 10 cities

According to Citi, Brent crude oil prices are forecast to average $70 per barrel in the fourth quarter of 2026 and $65 per barrel throughout 2027, contingent on the assumption that the U.S. and Iran reach a final agreement and the Strait of Hormuz reopens.

The Bloomberg EV Price Return Index fell 1.58% on Wednesday (July 8), closing at 3421.07 points. The index remained in decline throughout the day, with a sharp sell-off occurring near 10:00 a.m. Beijing time, followed by continued erosion of gains.

On July 8, the U.S. Real Estate ETF fell 1.63%, leading declines among major asset class ETFs, followed by the Dow Jones ETF down 1.07%. The Russell 2000 index ETF and Gold ETF declined at least 0.81%, while the S&P 500 ETF and U.S. Treasury 20+ year ETF fell at most 0.31%. The Brent crude oil fund surged 3.91%, marking the largest gain among tracked ETFs. Emerging Markets ETF rose 0.78%, while the Nasdaq-100 ETF gained 0.28%.

According to Bitcoin.com News, bitcoin ETFs posted $21.44 million in net inflows on July 8, marking their third consecutive day in positive territory. Blackrock's IBIT led the session with a $54.80 million inflow, offsetting $24.92 million in redemptions from Fidelity's FBTC and $8.44 million from Ark & 21Shares' ARKB. Total bitcoin ETF net assets closed at $77.26 billion. Ether ETFs extended their inflow streak to four trading days, adding $26.93 million entirely through Blackrock's ETHA. Total

According to U.S. Central Command, the U.S. military has launched a new round of strikes against Iran on July 8 under presidential direction. The strikes aim to further degrade Iran's capability to threaten freedom of navigation in the Strait of Hormuz.

According to CNBC, SpaceX stock closed at $148 on Wednesday, below its first trading price of $150 per share for a second consecutive day. The aerospace company was included in the Nasdaq 100 index on Tuesday, less than a month after its June 12 market debut. The rapid Nasdaq 100 inclusion required index funds and exchange-traded funds tied to the benchmark to purchase SpaceX shares, contributing to the recent price movement. Analyst coverage remained largely bullish, with Morgan Stanley rating

According to the Bank of Korea, Korean retail investors sold $605.5 million worth of US stocks in May, marking two consecutive months of net outflows. During the same period, they aggressively bought domestic shares, particularly Samsung Electronics and SK Hynix, as foreign investors dumped $57.4 billion in the two semiconductor stocks. The shift backfired quickly. On July 7-8, the KOSPI plunged over 8%, with Samsung and SK Hynix falling 12.7% and 11.4% respectively over two days, leaving retail

Levi Strauss reported second quarter net revenue of $1.56 billion, exceeding analyst expectations of $1.52 billion. Adjusted earnings per share (EPS) reached $0.28, above the consensus estimate of $0.24. The company also raised its quarterly dividend by 14 percent to $0.16 per share, surpassing analyst forecasts of $0.15.

According to GitHub release notes, XRPL developers released mainnet upgrades for the Automated Market Maker (AMM) functionality, aimed at improving execution and resolving pool behavior issues. The improvements are part of the latest rippled release and reflect ongoing development efforts to enhance on-chain liquidity mechanisms within the XRP Ledger ecosystem.

On Wednesday, July 8, U.S. sector ETFs showed mixed trading. Regional bank ETF declined 2.30%, while bank sector ETF fell 2.27% and global airline ETF dropped 2.21%. Conversely, semiconductor ETF rose 1.99%, energy ETF gained 1.76%, and technology sector ETF advanced at least 1.24%.

On Wednesday, July 8, the Dow Jones Industrial Average closed down 577.06 points, or 1.09%, at 52,348.09. The S&P 500 declined 21.17 points, or 0.28%, closing at 7,482.68. The Nasdaq Composite rose 51.96 points, or 0.20%, finishing at 25,870.65.

According to Jin10, U.S. equities closed mixed on July 9, with the Dow Jones down 1.09%, S&P 500 down 0.28%, and Nasdaq up 0.2%. The Nasdaq China Golden Dragon Index rose 2.05%, led by Alibaba, which surged 11%. Nvidia gained 3.6%.

According to Yonhap Infomax, Meta Platforms announced today (July 8) it will invest over CAD 13 billion to construct a 1-gigawatt data center in Sturgeon County, Alberta, Canada. The facility will be Meta's 33rd data center globally and optimized for artificial intelligence workloads. The company expects approximately 3,000 construction workers on-site during peak construction, with the facility supporting over 300 permanent operating jobs. Meta also plans to invest CAD 60 million in local infra

Gemini (GEMI) shares have plunged about 89% from their $37 opening price in September 2025, now trading near $4.19. BitGo (BTGO) has fallen roughly 77% from its $22.43 opening price since its January 2026 IPO, while Bullish (BLSH) is down about 71% from its $90 opening price. Circle (CRCL), eToro (ETOR), and Figure (FIGR) have declined 6%, 42%, and 14% respectively from their opening prices. The selloff across these six major crypto companies has coincided with a broader market correction that b

Today, the S&P 500 index closed down 0.2%, with materials falling 2.5% and energy rising 1.2%, while technology gained 1.4%. The Nasdaq-100 closed up 0.3%, with notable movers including CoreWeave up 7.7%, Nebius Group up 11.6%, Western Digital and Seagate up 3.5%, and Nvidia up 3.8%, offsetting declines in Axon down 6.3% and Palo Alto Networks down 4.8%. The semiconductor index rose 2.4% and memory chip index gained 3.1%.

Since May 14, Nvidia's stock has fallen approximately 16%, with the company's market capitalization evaporating over $1 trillion in two months. The decline has pushed the chipmaker's forward price-to-earnings (P/E) ratio to around 18x, marking the lowest level since early 2019. This valuation now sits below the S&P 500's forward P/E of over 20x and the Nasdaq-100's near 23x. According to analysts including Accuvest Global Advisors' Eric Clark, the repricing stems not from fundamental deteriorati

According to Iran's IRNA news agency, explosion sounds were reported at Abadan Port in Hormozgan Province, southern Iran, late on July 8.

According to Iran's MEHR news agency, explosions were reported in Bandar Abbas in southern Iran on July 8, with local air defense systems activated.