Gate Crypto Flash News and Market Updates

According to the International Monetary Fund, the Eurozone's 2026 economic growth forecast was cut to 0.9%, down from 1.1% projected in April. The IMF maintained its 2027 growth estimate at 1.2% unchanged.

The International Monetary Fund kept its 2026 U.S. economic growth forecast unchanged at 2.3%, while raising its 2027 outlook to 2.2%, up from the previous projection of 2.1%.

According to Trading Strategy, JPMorgan Chase launched a USDC-denominated vault valued at approximately $700 million through its Kinexys blockchain division on Ethereum yesterday (July 7). The JLTXX vault, backed by U.S. Treasury bills, government bonds, and overnight repurchase agreements, made JPMorgan the fifth-largest vault curator on Ethereum, expanding the bank's presence in institutional decentralized finance.

According to CoinDesk data, U.S. spot Bitcoin ETFs recorded net inflows for three consecutive days as of July 8, marking the first such streak following eight weeks of consecutive outflows.

On July 8, the EU General Court rejected Apple's legal challenge to the European Commission's designation of App Store and iOS as "gatekeepers" under the Digital Markets Act (DMA). The court upheld the Commission's determination that the five App Store platforms across iPhone, iPad, Mac, Apple TV, and Apple Watch function as a single core platform service, and that iOS serves as a critical entry point for businesses to reach consumers. Apple must now comply with DMA obligations requiring greater

According to Arkham Intelligence, SpaceX transferred small amounts of Bitcoin for the first time in approximately six months recently. The company made three transactions, with the largest being 0.00213 BTC (approximately $135). Crucially, no Bitcoin flowed into exchange addresses, suggesting no immediate sale plans. Analysts note such transfers typically represent wallet maintenance operations like gas fee top-ups or address consolidation, not asset sales. SpaceX currently holds approximately 1

According to Odaily, Nvidia's market capitalization has shed $1 trillion in less than two months as of early July 2026. The company's forward 12-month price-to-earnings ratio has declined to 18 times, reverting to valuations seen before the artificial intelligence boom. In broader markets, U.S. stock index futures fell sharply: Dow futures dropped 0.86%, S&P 500 futures slid 0.61%, and Nasdaq-100 futures declined 0.86%. Meanwhile, oil prices surged on geopolitical developments, with WTI crude ri

WTI crude oil rose $0.6 to $73.71 per barrel, while Brent crude oil climbed to $77.81 per barrel on July 8.

U.S. President Donald Trump stated tonight that another strike on Iran may be imminent. The statement reflects ongoing tensions between the two nations.

U.S. President Donald Trump said Iranian forces have behaved "extremely badly" and claimed the U.S. conducted bombing operations against Iran in response to attacks on ships in the Strait of Hormuz.

According to BlockBeats, AscendEX announced on July 8 that it will cease operations, citing the current market environment and the European Union's Markets in Crypto-Assets Regulation (MiCA) as contributing factors. Chain analyst ZachXBT flagged that the exchange's public hot wallets currently lack sufficient liquid assets to cover verified user withdrawal demands in the millions of dollars.

According to the European Union Aviation Safety Agency (EASA), on July 8, the authority recommended airlines avoid airspace over Iran, Iraq, and Lebanon due to escalating Middle East tensions following renewed military conflict between the United States and Iran. The advisory aims to prevent aviation safety risks and remains effective through August 31, 2026.

According to CNBC, OpenAI will publicly release its GPT-5.6 Sol, Terra and Luna models on Thursday, roughly two weeks after limiting the rollout to a select group of trusted partners at the request of the U.S. government. CEO Sam Altman announced the expansion on X late Tuesday, stating the company believes in broad access and does not want government review to become the long-term default for model releases.

On July 8, AngelList, the venture capital platform hosting 50,000+ funds and 800,000 accredited investors, announced it will terminate its partnership with Rail—Ripple's B2B payments platform—effective July 31, 2026, removing all crypto payment options. USDC, USDT, DAI, and ETH will become unavailable on the platform after the deadline, and users have been directed to switch to ACH and wire transfers for investments. Rail was acquired by Ripple in August 2025 for $200 million as part of a broade

U.S. President Donald Trump stated he is honored to meet with Ukrainian President Volodymyr Zelenskyy during the NATO summit.

According to Eric Trump's announcement on X on July 7, 2026, American Bitcoin Corp. has accumulated 8,000 BTC, worth approximately $502 million at current prices. The company continues to add to its treasury while maintaining a 52% mining profit margin in the first quarter, positioning itself among the world's largest corporate Bitcoin holders despite recent market volatility.

According to OnchainLens monitoring, Abraxas Capital-linked wallets withdrew a total of 3,931 XAUT (approximately $15.96 million) from four exchanges in 8 minutes on July 8, including Bitfinex (760 XAUT, ~$3.09M), OKX (940 XAUT, ~$3.82M), Bybit (230 XAUT, ~$934K), and Binance (2,001 XAUT, ~$8.12M).

According to the Ukrainian Armed Forces, on July 8, Ukraine shot down a Russian Su-35 multirole fighter jet in the eastern direction. Russia has not yet responded to the report.

Vanguard, the $11 trillion asset manager that spent years resisting crypto, posted its first-ever Head of Digital Assets role, signaling a major strategic shift. The position calls for building a multi-year roadmap covering tokenization, stablecoins, custody, and blockchain settlement, as well as representing the firm with regulators. This marks a reversal from Vanguard's crypto skepticism; as recently as early 2024, the firm refused to let clients trade spot Bitcoin ETFs when competitors BlackR

According to the Chinese Foreign Ministry, Vice Foreign Minister Miao Deyu met with Oman's National Security Committee Secretary General Idris on July 8. Miao stated that China highly values developing relations with Oman and is willing to deepen mutual support on core interests, strengthen strategic alignment between the Belt and Road Initiative and Oman's Vision 2040, expand bilateral cooperation, and jointly maintain regional peace and stability.