Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, the ACE Nvidia Value Chain Active ETF gained 95.14% year-to-date as of July 7, significantly outperforming Nvidia stock's 4.8% gain. The fund, which trades on South Korean exchanges, far exceeded the average return of 35.13% for similar value-chain focused ETFs domestically. Rather than concentrating solely on Nvidia, the active ETF invests across the broader AI ecosystem, including memory semiconductor manufacturers like SK Hynix and Samsung Electronics, foundries, h

According to HSBC, Nick Elias has been appointed head of wealth platforms, effective August 15, 2026. Based in London, Elias will move from his role as global head of customer relationship management in the Corporate and Institutional Banking chief operating office and will report to Lavanya Chari, head of Wealth and Premier Solutions at HSBC.

According to Jin10, citing NOTUS, a U.S. Treasury Department draft report issued July 7 warned that the AI market carries bubble risks comparable to the dot-com era. The report, prepared for Treasury Secretary Bessent, Federal Reserve Chair Powell, and other federal financial regulators, states that AI companies are now more deeply integrated into the U.S. economy than internet-era firms were, and could pose significant financial system risks if funding dries up, productivity targets fail to mat

According to Visa's blockchain dashboard data released on July 7, stablecoin transaction volumes reached $1.79 trillion in June, a new record and a 63% increase from May. This represents a 125% year-over-year growth compared to June 2025. Over the first half of 2026, total adjusted stablecoin transaction volume reached $8.82 trillion. USDC accounted for approximately 70% of adjusted stablecoin transactions, further expanding its lead over Tether's USDT, which held about 25% market share.

According to Coindesk, Visa's on-chain dashboard data shows that stablecoin transaction volume reached $1.79 trillion in June, a new record and 63% increase from May. Year-over-year, the volume surged 125% compared to June 2025. Circle's USDC dominated the first half of 2026, accounting for approximately 70% of adjusted stablecoin transaction volume on Visa, further widening its lead over Tether's USDT.

According to Bitcoin.com News, about 20% of bitcoin miners are operating at a loss as of early July 2026, with the Miner Cycle Stress Composite reaching a historically rare 2026 low. JPMorgan estimates bitcoin has traded below its $78,000 average production cost for five consecutive months. The network's mining difficulty was cut 10.09% to 124.93 trillion in the latest major adjustment, the second-largest downward move of 2026 after February's 11.16% drop. Miner revenue fell 11% over the past 10

According to reports from DB Financial Investment and LS Securities on July 7, South Korean securities analysts issued sharply conflicting outlooks for Samsung SDI. DB Financial maintained a 'buy' rating with a 840,000 won price target, citing anticipated second-quarter breakeven profitability driven by ESS tariff refunds and AMPC tax credits worth 82.4 billion won. LS Securities downgraded its target to 419,000 won and maintained a 'hold' rating, pointing to persistent weakness in EV battery op

According to Korea Economic TV, Samsung Electronics posted approximately 106 trillion won in operating profit for the second quarter on July 7, surpassing rival chipmakers Nvidia and Apple. However, the stock fell over 5% in early trading, hovering near the 300,000 won level. The decline reflects a sell-on-good-news pattern, as investors locked in gains despite the record earnings report.

On July 7, South Korea's KOSPI index fell 1.64% to open at 7,919.20, retreating below the 7,900 level, according to the Korea Exchange. Despite Samsung Electronics reporting a second-quarter earnings surprise overnight, domestic markets faced selling pressure from foreign investors and profit-taking following recent gains. U.S. tech and semiconductor stocks rebounded overnight, but the local market continued its weakness.

According to Yonhapinfomax, the Korean won depreciated against all G10 currencies over the past year through July 6, 2026, with the Australian dollar exchange rate rising 19.9%, the highest among major currencies. The dollar-won rate climbed 11.9%, followed by the Norwegian krone at 15.9%, Swiss franc at 11.0%, and the euro at 9.3%. The Japanese yen recorded the smallest appreciation at 0.8% against the won. Data from the Bank for International Settlements (BIS) as of end-May showed South Korea'

According to the Financial Services Commission and Korea Exchange, on July 6, authorities released new guidelines for regulating subsidiary dual-listings, excluding the KONEX market from oversight. Parent companies listing subsidiaries on Korea's main KOSPI and KOSDAQ markets must now obtain shareholder approval through a specific process and comply with five mandatory duties, including impact assessments, shareholder protection measures, and independent committee reviews. The KONEX exclusion ai

According to the Central Association of Savings Banks of Korea, the average 12-month deposit rate across 79 savings banks reached 3.90% on July 7, up 55 basis points from last month. Over 152 deposit products now offer rates above 4%, with some institutions pushing beyond 4.6%. The rate gap with commercial banks widened to 73 basis points, compared to 29 basis points in early June, as institutions compete for deposits amid stock market capital outflows.

According to Jin10 Futures, crude oil prices maintained volatility in early trading on July 7, with U.S. crude trading above the $69 mark.

According to Bloomberg, on July 7, AI chip maker Syntiant, backed by Intel and Microsoft, submitted its IPO application. The company designs ultra-low-power AI chips and software for on-device AI in earbuds, wearables, and industrial systems. In Q1, Syntiant posted revenue of $64.5 million and a net loss of $26.2 million. The company has raised $311 million to date and was valued at $646.4 million following a December 2024 funding round.

According to Anthropic research announced on July 7, the Claude model has spontaneously developed an internal mechanism called J-space (Jacobian space), described as a 'global workspace' for silent reasoning. This neural activation pattern allows the model to think about concepts without articulating them, similar to human conscious thought. Using Jacobian techniques, researchers can identify and modify these activation patterns. Experiments show that disabling J-space weakens multi-step reasoni

According to U.S. officials cited by Axios, Iran fired at least two missiles at vessels in the Strait of Hormuz today (July 7).

According to Onchain Lens, James Fickel transferred 20,000 Ethereum from Coinbase Prime to a new wallet 2 hours ago, valued at approximately $36.19 million at current prices.

According to Hengyi Holdings' announcement on June 30, shareholder Chen Yueerong submitted a request to remove six current directors, including executive directors Xian Guozhi, Luo Xueyu, and Wei Huaping, as well as independent non-executive directors Chen Minjie, Xu Lingang, and Cai Zhenhua. The company stated it is verifying the authenticity of the request and the shareholder's identity and shareholding. The board is seeking professional legal advice on procedural compliance before convening a

According to Bloomberg, former Tether chief investment officer Richard Heathcote is divesting a stake in the company on July 7, working with PJT Partners on the sale. Heathcote stepped down from the CIO role in March and transitioned to an advisory position. The sale involves a portion of his 1.26% stake, with negotiations underway with potential buyers; the valuation was not disclosed.

According to Reuters, the US Cybersecurity and Infrastructure Security Agency (CISA) is using Anthropic's Mythos AI model to audit government code repositories for software flaws. CISA's Attack Surface Evaluation team is conducting the assessments, and sources said the reviews have already discovered multiple vulnerabilities. Anthropic stated that a preview version of Mythos has discovered thousands of high-severity software flaws, while the UK AI Security Institute noted the model could autonom