Gate Crypto Flash News and Market Updates

According to The Wall Street Journal, Trump will receive a list of Spanish goods to consider implementing an embargo.

According to Israeli media outlet Yedioth Ahronoth, an Israeli official stated on July 8 that Israel has elevated its alert status to the highest level to prevent a potential resurgence of conflict with Iran.

YongKang Holdings (02523), a Southeast Asian container terminal operator, announced it has decided to cancel its planned global offering and Hong Kong listing after consulting with advisors. The company noted that Hong Kong public offering shares received oversubscription and thanked interested investors for their support during the offering period. YongKang plans to explore alternative options.

According to The Block, EMURGO, one of Cardano's three founding entities and developer of the SecondFi wallet, stepped down from the blockchain's Pentad governance group on Wednesday to focus on recovering user funds following a $2.4 million exploit. The breach, which exploited a flaw in the wallet's address generation system, drained approximately 16 million ADA from 374 wallets last month. EMURGO announced a recovery plan and expects to reimburse affected users within two weeks.

According to Deputy Prime Minister Novak, Russia has banned diesel exports, announced on July 8.

According to TASS, on July 8, Iran formally suspended negotiations with the United States on a final resolution, citing threats from the American side, an Iranian senior official stated.

U.S. diesel futures rose 13% intraday on July 8.

According to CoinDesk, Senator Cynthia Lummis warned on July 8 that the CLARITY Act must pass before Senate recess on August 7. Lummis stated this may be the "last chance" to pass digital asset legislation before 2030, calling on lawmakers to act on the cryptocurrency regulatory bill.

According to BlockBeats, CFTC Chair Mike Selig stated on July 8 that the United States will never introduce a central bank digital currency (CBDC), speaking under the oversight of the U.S. President's Digital Assets Working Group.

At close on July 8, most China domestic commodity futures contracts gained. Fuel oil and low-sulfur fuel oil (LU) led the surge, rising over 6% and near 6% respectively. Asphalt, liquefied petroleum gas (LPG), pure benzene, and methanol all rose over 3%.

According to Bitget, Nasdaq-100 components showed significant divergence during intraday trading on July 8. Among gainers, Nebius led with a +4.65% surge, followed by Baker Hughes (+4.29%) and Broadcom (+4.18%). On the decline, DoorDash fell the most at -5.67%, followed by Airbnb (-4.91%) and Shopify (-4.78%).

According to Bloomberg data, Nvidia's market value has declined approximately $1 trillion over the past two months, with stock price falling 16% from its May 14 all-time high. The chip giant's forward price-to-earnings ratio now stands at 18x, the lowest level since early 2019—below the S&P 500's 20x+ and Nasdaq-100's 23x valuations. Despite the correction, 78 of 82 analysts tracking the stock maintain buy ratings with an average target price of $302, implying over 50% upside over the next 12 mo

According to Al Jazeera, Trump said on July 8 that U.S. military strikes on Iran would cause oil prices to rise "slightly," by approximately $2. When asked if renewed U.S.-Iran conflict could trigger further oil price increases, he confirmed the likelihood but insisted the rise would be limited to around $2 per strike.

According to Bloomberg, major technology companies including Amazon, Alphabet, Nvidia, Meta, Oracle, and SpaceX have raised approximately $182 billion year-to-date in 2026 through investment-grade bond issuances of $250 million or more, significantly exceeding the less than $13 billion raised in the same period of 2025. The funds are primarily directed toward artificial intelligence and data center infrastructure investments. However, market appetite for these large-scale debt offerings has cool

Binhua Group (06745), a chemical product manufacturer, set its IPO price at HK$3.48 per share on July 8. The company plans to issue 352 million H-shares, raising approximately HK$1.225 billion. The stock is expected to list on July 10, with Huatai International and China Citic Bank International as joint sponsors.

According to Bloomberg, Rivian allocated 75% of its $1.2 billion secondary stock offering to 10 investors, according to people familiar with the matter. The electric vehicle maker's placement represents a concentrated distribution of the capital raise among a select group of institutional backers.

According to BlockBeats, on July 8, ByteDance's Seed released Seedream 5.0 Pro, an advanced multimodal image generation model. The latest version improves upon previous iterations with enhanced image-text matching, structural coherence, text rendering, and aesthetic quality. Key breakthroughs include complex information visualization, interactive precision editing, realistic imagery and portraiture, and native multilingual input and generation capabilities.

According to Goldman Sachs, Hungarian Prime Minister Peter Magyar is on track to meet the criteria for Hungary to join the eurozone, potentially on January 1, 2031. Economists Kevin Daly and Johan Allen wrote in the report that if everything proceeds as planned, Magyar will fulfill his commitment to achieve the necessary standards before his current term ends in 2030.

According to procurement documents, Kenya's Capital Markets Authority (CMA) is acquiring a blockchain intelligence platform to monitor transactions across Bitcoin, Ethereum, and at least 20 additional blockchain networks as part of the country's new virtual asset regulatory framework. The platform will support real-time monitoring and historical transaction investigations, automatically flagging high-risk activities including suspicious wallets, large transfers, coin mixer transactions, darknet-

According to N1's official announcement, N1 has acquired 01.xyz, gaining a complete trading stack. The 01 core team will join N1, and N1 2.0 upgrade is launching.