Gate Crypto Flash News and Market Updates

According to Bloomberg, Norm AI raised US$120 million in a funding round led by Khosla Ventures yesterday (July 7), valuing the legal and compliance AI startup at US$1.2 billion. Blackstone, Bain Capital Ventures, and Coatue Management participated in the round, bringing Norm's total funding to over US$260 million since its July 2023 founding. The company builds AI tools that review regulatory documents, internal communications, and business materials. Its clients include banks, hedge funds, and

According to Yonhapinfomax, Bank of Korea Governor Shin Hyun-song on July 1 proposed a 'Unified Ledger' framework as the blueprint for future monetary systems. The model comprises institutional central bank digital currency, commercial bank deposit tokens, and tokenized assets, intended to maintain central trust architecture while integrating new blockchain technology. Shin rejected private stablecoins, stating they lack the 'singularity' essential to currency function. However, market critics a

According to Yonhapinfomax, Coinone, a major South Korean crypto exchange, raised 160 billion won (approximately $120 million) in strategic investment on July 8, securing a company valuation of around 4 trillion won. Korea Investment & Securities and OKX Ventures each invested 80 billion won for roughly 20% equity stakes, with approximately 55 billion won raised through new share issuance. The deal marks a shift in sentiment among Korean financial institutions toward digital asset infrastructure

According to Yonhap Infomax, Woori Financial Group voluntarily amended its securities filing on July 6 to disclose a data breach as an investment risk factor. The breach involved 17,551 customer personal information records leaked by an external contractor engaged by its subsidiary Woori Bank for an NFT platform development project. Woori Financial stated that the subsidiary faces potential administrative penalties, compensation claims, litigation, and increased information security investments

According to Apptopia, an app analytics firm, Grok's U.S. market share declined to 8.7% in June from 10.6% in May, with daily active users (DAU) falling 28% since April, according to recent data released in June 2026. Meta AI surpassed Claude to claim fourth place in the generative AI chatbot market, while ChatGPT maintained its leading position, followed by Google Gemini and Anthropic's Claude. Despite the user decline, Grok retains a high proportion of heavy users, with 57% classified as high-

According to PANews, on July 6, attackers exploited the Lazy Summer Protocol USDC vault's net asset value (NAV) calculation mechanism in a single atomic transaction, withdrawing approximately $6.04 million in depositor funds. The attack was not caused by contract code flaws but by gaps in vault decommissioning—an inactive Silo Ark component retained outdated token valuations, inflating total vault assets by 9.5%, enabling attackers to redeem at artificially inflated share prices and extract real

According to NEAR Protocol's official announcement on July 8, the platform launched Confidential Intents, making its confidential execution infrastructure available to all developers. Developers and dApps can integrate NEAR's 1Click Swap API to enable confidential trading functionality for users. Confidential Intents uses encryption rather than proof generation, eliminating the need for client-side proofs and avoiding additional wallet complexity. User data is encrypted individually rather than

According to Onchain Lens, Pump Fun deposited 68,596 SOL to Kraken early on July 8, valued at approximately $5.65 million.

On July 7, UK-based AI infrastructure startup Nscale said it had secured a $900 million revolving credit facility to accelerate AI data center construction across Europe, the US, and Asia-Pacific. The facility was syndicated by eight major financial institutions including JP Morgan, Goldman Sachs, Morgan Stanley, Mitsubishi UFJ Financial Group, RBC Capital Markets, Bank of America, Deutsche Bank, and Mizuho. Nscale, which operates an AI cloud platform spanning software, computing, and power thro

According to Cointelegraph, New Hampshire's Bureau of Financial Advisors (BFA) will hold a public hearing on Wednesday, July 9, regarding the issuance of a $100 million Bitcoin-backed bond. The bond requires final approval from the state governor and a five-member executive committee. CleanSpark, a private borrower, will provide collateral, with no recourse to state funds or taxpayers. Moody's assigned the bond a preliminary Ba2 rating (speculative grade) in March.

Cuban Foreign Minister Rodriguez stated on July 7 that the United States' long-standing blockade of Cuba has resulted in cumulative losses of $178.7 billion at current prices.

According to CoinDesk, Coinbase secured UK regulatory approval on July 7 to offer equities and derivatives trading. UK retail users can now access stock trading, while institutional and advanced traders can access crypto, equity, and commodity perpetual futures. Retail access to crypto derivatives remains restricted under Financial Conduct Authority rules. The approval supplements Coinbase's UK e-money license and cryptoasset registration obtained in February 2024, expanding its product offering

According to CoinDesk, on-chain tokenized stock trading volume reached $38.6 billion in June, up 145% month-over-month and marking an all-time high. SpaceX's completion of a record $75 billion IPO in June drove the surge, with its tokenized shares accounting for $1.19 billion, or 31% of total tokenized stock trading volume. Backpack Securities' SPCX token led with $1.08 billion in trading volume, followed by xStocks' SPCXx at $852 million.

According to CoinDesk, on July 8, Kraken is pursuing a full banking license in Lithuania to offer services across the European Economic Area, including current accounts, consumer loans, and stock trading. If approved, the exchange would become the only crypto trading platform holding such a comprehensive banking license, following the same regulatory pathway as fintech firm Revolut, which obtained a professional banking license from Lithuania's central bank in 2018.

According to New Hampshire Secretary of State's office, the state announced a plan to issue up to $100 million in revenue bonds on July 8 to support Bitcoin acquisition. The funds will be used primarily by NH CleanSpark Guarantor 1, the parent company of NH CleanSpark Borrower Trust 2026-1 (the borrowing entity), to purchase Bitcoin, with remaining proceeds allocated to bond issuance costs and fees. Unlike general municipal bonds, revenue bonds are repaid from specific project revenues rather th

According to The Block, Payward, the parent company of Kraken, won an arbitration case against audit firm Mazars USA today (July 8) and was awarded $22 million in damages. Mazars had abruptly halted an nearly completed audit of Kraken in 2022 during "Operation Choke Point 2.0", despite confirming in writing that it had no professional disagreements with the company's management or concerns regarding integrity or fraud.

According to Bitget data, South Korea's KOSPI index fell 232.32 points, or 3.03%, to 7,423.99 on July 8. SK Hynix and Samsung Electronics each declined 4%. Japan's Nikkei 225 index dropped 615.03 points, or 0.90%, to 67,641.93.

According to Citic Securities, the tracked sample of coal-listed companies is expected to see net profit increase about 31% quarter-over-quarter in Q2 2026, with first-half 2026 year-over-year growth of approximately 19%. Coking coal and anthracite producers are projected to show stronger earnings momentum.

According to The Block, Strike launched a Bitcoin-backed loan product today (July 8) that prevents forced liquidation as long as borrowers continue making payments, regardless of Bitcoin price declines. The product eliminates loan-to-value (LTV) price triggers; collateral remains safe as long as payments continue. Borrowers face partial liquidation only if they miss interest or principal payments and fail to pay within a 10-day grace period. The loan is currently available for fixed-term product

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) on July 8 charged Trevor Vernon and his company Argent Capital Management LLC with defrauding approximately 60 investors of $14 million through a fraudulent commodity pool. The pool traded stock index futures options, equity index futures contracts, and crypto assets. Vernon misrepresented himself as a successful trader through quarterly financial updates and monthly performance emails while actually sustaining losses o