Gate Crypto Flash News and Market Updates

According to Japan's International Balance of Payments data released Wednesday, Japanese investors purchased 350.7 billion yen in Korean bonds in May, approaching historic highs. The May net purchase amount followed April's record 393.6 billion yen.

According to Jin10 Futures, the CNEX money market sentiment index fell to 46 as of 08:45 today (July 8), down 1 point from 16:00 yesterday. Breakdown by institution type: major banks fell to 45 (down 1 point), mid-sized and smaller banks held at 48 (flat), and non-bank institutions fell to 45 (down 1 point).

On July 8, SK Hynix perpetual futures (SKHYNIX-USDC) on HyperLiquid recorded $666.66 million in 24-hour trading volume, surpassing Ethereum to become the exchange's second-largest by trading volume, according to HyperLiquid data. Bitcoin perpetual futures rank first with $2.19 billion, while Ethereum slipped to third with $666.04 million. It should be noted that SKHYNIX is a perpetual futures contract tracking SK Hynix stock price movements, not the actual equity listed on Korean exchanges.

According to Korea Exchange data, Samsung Electronics and SK Hynix showed divergent movements on July 8. As of 9:29 a.m., Samsung Electronics traded at 295,000 won, down 0.34% from the previous close, while SK Hynix recovered to 2,256,000 won, up 2.5%, erasing earlier losses. Both chipmakers had fallen sharply the previous day—Samsung by 6.92% to 296,000 won and SK Hynix by 6.06% to 2,201,000 won. Analysts noted the sector fundamentals remain intact, with global AI investment expansion expected

According to Bitget, South Korea's KOSPI index turned higher on July 8 after initially falling nearly 4% at the open. SK Hynix gained over 2%, while Samsung Electronics' losses narrowed to 1%. U.S. storage stocks rallied overnight, with SanDisk climbing over 3% and Micron Technology and Western Digital each gaining over 1%, according to BIT market data.

South Korea's KOSPI 200 index advanced 0.9% during intraday trading on July 8, while Nasdaq 100 index futures rose 0.4% in the same period.

Qatar condemned an attack on one of its liquefied natural gas (LNG) tankers near the Strait of Hormuz on July 7, according to state media CCTV News. Qatar's Prime Minister's advisor and Foreign Ministry spokesperson Ansari stated that the attack violates international law and poses a threat to maritime safety and global energy security. Ansari said Qatar holds Iran fully responsible for the incident and all resulting losses and consequences.

According to Bloomberg, Microsoft has started routing AI tasks in Excel and Outlook to its in-house MAI models instead of relying as heavily on OpenAI and Anthropic, to reduce costs. A person familiar with the matter said MAI models now handle tens of thousands of prompts each week across the spreadsheet and email applications, though they still account for only a small share of Microsoft's overall AI workload.

According to Tom Wan, data lead at Entropy Advisors and former analyst at 21.co, stablecoins on Robinhood Chain surpassed $200 million in total market value today. Ethena is the key driver of this growth, holding approximately $100 million USDG across Robinhood Chain and the Ethena x Steakhouse USDG vault, representing roughly 50% of total USDG supply on the chain.

According to CCTV News, Typhoon Bavi, the 9th typhoon this year, was centered about 1,650 kilometers southeast of Keelung, Taiwan on the morning of July 8, moving westward at speeds of 20–25 kilometers per hour. The typhoon is expected to make landfall in southeast China, with the exact timing and location remaining to be confirmed.

According to Yonhapinfomax, as of July 8, South Korea's major banks are significantly strengthening regional corporate financing in response to the government's 1.6 quadrillion won mega-project initiative. The mega-projects, centered on semiconductor, artificial intelligence, and energy industries across three regions, are expected to generate substantial financing demand from supplier companies and mid-sized enterprises. Woori Bank's Biz Prime Centers handled 1.34 trillion won in corporate cred

According to South Korea's Financial Services Commission and the ruling Democratic Party, companies listed on KOSPI with consolidated assets of 10 trillion won or more must disclose sustainability (ESG) information in their business reports starting from 2028. The government lowered the threshold from an earlier proposed 30 trillion won, expanding the policy scope significantly. The measure is expected to cover 291 companies in 2028 and approximately 3,171 companies in 2029. The threshold will b

According to investment banking industry sources, Korea East-West Power (Moody's: Aa2) issued $500 million in Eurobonds on July 8. The offering consists of a 5.5-year fixed-rate tranche with a spread of 58 basis points over U.S. Treasuries. Initial guidance was set at 90bp, but strong demand of over $2.7 billion during book building on July 6 allowed the company to tighten pricing by 32bp and increase the deal size from $400 million. The bond represents the first climate transition bond issued u

According to financial regulators on June 9, South Korea's Financial Supervisory Commission will convene lenders, including savings banks, to discuss risks from Homeplus retail property investments as the company's restructuring procedures face potential bankruptcy. Savings banks invested a combined 22.7 billion won through subordinated positions in the Daehan No. 21 Trust Management REIT, while SBI Savings Bank holds 25 billion won in the Igis Core Retail Real Estate Trust No. 126 alongside Non

According to the Federal Reserve, on July 6, the Fed released a research report arguing that preemptive measures to suppress Big Tech companies' AI infrastructure investments are not necessary, despite potential overinvestment risks. The report noted that if AI generates substantial productivity gains as expected, long-term investment booms may follow. However, the Fed emphasized that current AI investment levels remain slightly lower than the 2000 IT bubble peak, suggesting the sector has not y

According to Jin10, on July 7, major Chinese stock indices declined broadly, with Shanghai Composite falling 1.26% to 3990.24 points and Shenzhen Component dropping 1.24% to 15225.11 points. Hong Kong's Hang Seng Index fell 0.51%. European markets also retreated, with Germany's DAX declining 1.40% and France's CAC40 down 0.51%. U.S. stock indices finished lower, including Nasdaq Composite down 1.16% and S&P 500 declining 0.45%.

Anthropic announced Claude Cowork will launch in beta on mobile and web in the coming weeks, with Claude Max users receiving access first. The expansion allows users to access Cowork sessions beyond the desktop app, enabling multi-step work across connected applications. The mobile and web versions support scheduled tasks that run remotely in isolated environments even when devices are offline, with approval prompts delivered to phones. Enterprise admins retain controls to disable web search or

According to Bloomberg, on July 7, major Wall Street investment banks including Morgan Stanley, JPMorgan Chase, and Goldman Sachs issued an average price target of $236 for SpaceX following its recent listing on the New York Stock Exchange. The target price represents approximately 58% upside from the most recent closing price, reflecting widespread optimism among analysts regarding the company's prospects.

According to Guru Club, on July 8, NH Investment Securities and Eugin Investment Securities lowered LG Energy Solution's price targets by 17% to 480,000 Korean won and 15% to 470,000 won, respectively, citing energy storage system (ESS) assembly bottlenecks and delayed compensation payments from major customers. While the battery maker posted a quarterly return to profitability, operating profit fell sharply when excluding a 241-billion-won subsidy from the U.S. Inflation Reduction Act (IRA). Ex

According to Jin10, crude oil prices rose in early trading, with WTI crude breaking above $72 per barrel. International oil prices continued their upward trend.