Gate Crypto Flash News and Market Updates

On July 8, President Donald Trump declared the ceasefire with Iran had ended, and the U.S. Treasury Department withdrew its previous approval for Iranian oil sales, advancing the deadline from August 21 to July 17. The move followed a memorandum of understanding signed on June 17 that aimed to end all fighting, reopen the Strait of Hormuz, and dilute Iran's highly enriched uranium under international oversight. The agreement's collapse signals market instability. U.S. 10-year Treasury yields ros

According to Coinglass data, Coinbase's Bitcoin premium index has remained in negative territory for 55 consecutive days (May 19–July 12), with the current value at −0.0072%. This marks the longest negative streak since the index was introduced. The previous record was a 40-day negative period from January 16 to February 24, which surpassed the approximately 30-day consecutive negative streak during the 2011 collapse.

According to recent statements, SpaceX plans to establish a permanent lunar base within ten years and achieve human landing on Mars within five years, marking a significant acceleration of space colonization ambitions. Musk revealed that the company aims to send initial supply missions to the Moon and Mars by year-end as preparation. The strategy unfolds in two phases: first, establishing a long-term lunar settlement by 2036 with capabilities for scientific research and deep-space logistics; sec

According to Russia's Defense Ministry, Russian forces downed 585 Ukrainian unmanned aerial vehicles (UAVs) in the past 24 hours.

According to Jin10, Wealthfront ETF Jiahe issued a risk alert on July 12 regarding significant trading premium in its secondary market shares. As of July 10, the closing price reached 2.053 yuan, while the fund's net asset value per share stood at 1.8948 yuan, representing a premium of approximately 8.4 percent. The fund cautioned that if the premium persists on July 13, it may request a trading halt. Investors can trade or redeem shares on the secondary market; prices are subject to multiple fa

According to Variety on July 11, Meta has shut down its Muse Image AI feature that allowed users to reference public Instagram accounts when generating images. The company pulled the tool after receiving backlash from users and Hollywood talent agencies within days of its Tuesday launch. Meta said the feature "did not strike the right balance" and acknowledged external feedback prompted the decision to take it offline.

According to financial media reports, a three-day hearing held July 7-9, 2026, in the 60,000 bitcoin case involving Qian Zhimin has shifted the dispute from two parties to three. The U.K. Crown Prosecution Service (DPP) seeks state forfeiture; Chinese victims claim proprietary rights to the appreciating bitcoins; and Blue Sky Ge Rui's court-appointed receiver asserts the bitcoins constitute misappropriated company assets that warrant property rights recovery. The bitcoins are currently valued at

According to Seoul Economia, SK Hynix's American Depositary Shares (ADS) debuted on Nasdaq on July 10, closing at $168.49, up 13.1% from the $149 IPO price. The ADS traded 16.2% higher than SK Hynix's Korean exchange closing price of 2.18 million won, highlighting a significant U.S. premium. Market participants are monitoring whether this arbitrage gap will narrow or persist as trading continues.

According to South Korea's Financial Supervisory Service disclosures, JP Morgan acquired stakes of 5% or more in four KOSDAQ-listed small materials, parts and equipment companies on July 9-10, with a total valuation of approximately 381.1 billion won as of July 10. The U.S. bank now holds 5.11% in Reno Industrial, 5.13% in TLB, 5.15% in MK Electronics, and 5.20% in Sung-Kwang Bend. JP Morgan stated the holdings are for investment purposes.

According to Bitcoin.com News, Bitfufu mined 125 BTC in June, comprising 70 BTC from self-mining operations and 55 BTC from cloud mining services, with daily average output of 4.2 BTC. As of June 30, the company held 1,671 BTC, down from 1,855 BTC at the end of May. Bitfufu's proprietary hash rate grew 9.4% to 3.5 EH/s after deploying 1,200 S21 XP miners in June and committing to deploy 2,000 additional units in July. Total managed power capacity declined from 346 MW to 273 MW month-over-month.

According to China Central Television, Iran announced on July 11 that it closed the Strait of Hormuz again, prompting a sharp decline in commercial shipping traffic. Data tracked by shipping monitors showed that only 11 commercial vessels transited the strait in the past 24 hours, including 8 tankers and 3 cargo ships.

According to Venezuela's National Assembly, two earthquakes that struck the country on June 24 killed 4,333 people and injured 16,740. The nation's acting president is seeking to unfreeze Venezuelan assets held overseas, including gold reserves frozen at the Bank of England, to fund post-disaster reconstruction. The government estimates approximately 25,000 houses require repair. The scale of reconstruction costs has prompted officials to pursue the release of frozen assets to support recovery e

According to blockchain analyst Yu Jing, two hacker addresses purchased a combined 6,454 ETH using DAI on July 12. One address, which previously stole funds from Coinbase users, purchased 4,049.7 ETH early this morning using 7.378 million DAI at an average price of approximately $1,822 per ETH. A second address, which transferred ETH from Tornado Cash to DAI last November, purchased 2,405 ETH two hours ago using 4.34 million DAI at an average price of approximately $1,804 per ETH.

Qatar's Emir Palace announced effective immediately that the nation will enter a four-day state mourning to pay respects to the late former Emir Hamad bin Khalifa Al Thani.

According to DefiLlama, Robinhood Chain posted DEX trading volume of $877.6 million in the past 24 hours on July 12, ranking second globally behind Solana's $1.133 billion.

According to CFTC data as of July 7, leveraged funds' yen net short position fell to -104,231 contracts, the largest reduction in nearly two years. The position decreased by 33,587 contracts from the prior week, signaling a potential weakening of speculative yen shorting bets. This week brings major U.S. economic data and Federal Reserve communications. The June CPI and PPI will be released on July 14, followed by Fed Chair Kevin Warsh's testimony to Congress on monetary policy. Market consensus

According to Defillama, Polymarket's weekly revenue exceeded $11 million on July 12, marking an all-time high. The protocol's cumulative revenue has surpassed $97 million.

According to ruling party lawmaker Lee So-young, on July 9, the PBR 0.8 times inheritance tax reform bill accelerated its path through South Korea's parliament. The bill, first proposed in May 2025, aims to prevent large shareholders from deliberately suppressing stock prices to reduce inheritance tax burdens. Under the current system, inheritance taxes are assessed based on the average stock price around the inheritance date, creating an incentive for major shareholders to keep prices low. The

According to Jin10 data and Qatar's Interior Ministry, Qatar intercepted incoming Iranian targets on July 12, with resulting shrapnel injuring three people, including a child. The injured received necessary medical treatment. Qatar's Defense Ministry confirmed the country came under Iranian missile attack on the same day. The Interior Ministry issued two security alerts earlier that day, warning of escalating threats, after which air defense systems' interceptions were heard producing explosions

According to Barron's, WD-40 (WDFC-US) surged nearly 11% on Friday, July 10, after the home and cleaning products manufacturer delivered strong third-quarter results. Q3 revenue climbed 24% year-over-year to $195.1 million, significantly outpacing analyst expectations of $172.8 million, while earnings per share reached $2.33 versus the Wall Street consensus of $1.56. The company also raised its full-year EPS guidance to $6.05–$6.35 from the prior range of $5.75–$6.15, above the market consensus