Gate Crypto Flash News and Market Updates

According to Jin10, Federal Reserve communications officer Nick Timiraos said on July 9 that even the most hawkish Fed officials did not actively push for action in June. According to meeting minutes, some participants believed a rate increase was warranted at the June meeting but supported maintaining the status quo, suggesting policy divisions are centered on future developments rather than immediate measures.

On Wednesday, July 8, U.S. 10-year Treasury yields rose 1 basis point to 4.5611%, with intraday trading ranging from a low of 4.5371% to a high of 4.5952%. Two-year Treasury yields increased 1.46 basis points to 4.1994%, and the 2/10-year yield spread narrowed 0.248 basis points to 35.963 basis points. Ten-year TIPS (Treasury Inflation-Protected Securities) yields rose 1.13 basis points to 2.2882%, while 30-year TIPS yields climbed 1.43 basis points to 2.8670%.

Circle Ventures, the investment arm of Circle Internet Group, has invested in Flutterwave to expand USDC payment and settlement infrastructure across Africa. The partnership aims to address high cross-border transaction costs and slow settlement times for African businesses by integrating the U.S. dollar-backed stablecoin into Flutterwave's existing payment network. Under the arrangement, businesses can receive payments in local currencies while settling transactions in USDC, allowing for faster

According to Pakistan's Foreign Ministry, on July 8, Pakistan called for all parties to exercise restraint amid escalating U.S.-Iran tensions and urged compliance with the Islamabad Memorandum of Understanding. The statement said continued engagement, dialogue, and diplomacy are the only alternatives to achieve regional peace and stability. Pakistan, which mediates U.S.-Iran negotiations, expressed deep concern over rising tensions and emphasized it is prepared to continue its role in advancing

According to NewsNation, White House officials said Trump and Netanyahu have not yet scheduled a meeting, though Trump previously disclosed Netanyahu may visit the White House as early as next week.

According to Jin10, the U.S. Dollar Index fell 0.03% on July 9, closing at 100.990 as measured against six major currencies. At the close of New York FX trading, the euro strengthened to 1.1426 U.S. dollars from 1.1419 the previous session, and the British pound rose to 1.3400 from 1.3363. The Japanese yen appreciated to 162.48 per dollar from 161.94, while the Canadian dollar weakened to 1.4169 from 1.4195. The Swiss franc remained flat at 0.8076 per dollar.

On Wednesday, escalating Middle East tensions triggered a sharp sell-off in bitcoin, sending the price down 3.5% to a low of $61,481. The pullback erased $40 billion in bitcoin market capitalization and sparked $372 million in total crypto liquidations, with long positions accounting for $310 million of the damage. Brent crude surged past $80 per barrel amid tensions over the U.S.-Iran ceasefire.

Bitcoin closed the week down 2.89% at $61,749 after failing to break resistance in the $64-65K zone, a key level bulls needed to reclaim to shift short-term momentum. Ethereum confirmed a weekly death cross—with its 50-week EMA now below its 200-week EMA for the first time in years—while prediction market traders on Myriad are pricing a 72.3% probability ETH touches $1,500 before $3,000 again. The broader crypto market reflected extreme fear, with the Fear & Greed Index at 23; however, spot Bitc

According to reports, EU officials plan to revise the Markets in Crypto-Assets framework, referred to as 'MiCA 2.0,' on July 8, 2026. The revision aims to extend coverage to non-EU stablecoin issuers in response to US stablecoin legislation and emerging rules on tokenized payments and deposits.

According to government documents, India's Reserve Bank of India has renewed its call for a crypto policy "leaning towards prohibition," while the country's tax department warned that offshore trading and private wallets make tax compliance harder to track. The RBI wants banks and financial institutions barred from holding, trading, or gaining exposure to crypto assets and privately issued stablecoins. India has approximately 39 million crypto traders holding about $2.1 billion in digital assets

According to Bloomberg data, on Wednesday (July 8) at the close of trading in New York, the Bloomberg Commodity Index fell 1.28% to 30.3107 points. CBOT corn futures declined 2.10%, while CBOT wheat futures dropped 1.78%. CBOT soybean oil futures gained 3.21%, contrasting with soybean futures' decline of 0.69% to $11.8825 per bushel. Meanwhile, New York cocoa futures surged 4.86% to $6,039 per ton, approaching previous highs set on January 8 and December 11, 2025.

According to Mehr News Agency, two Iranian fishermen were killed in a U.S. strike on Iran on Wednesday (July 8).

According to Jin10, on July 8, Iran's Foreign Minister Abbas Araghchi and Qatar's Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani held a phone call to discuss regional developments, particularly recent tensions in the Strait of Hormuz. Both sides stressed the importance of using diplomatic channels to address regional issues and maintaining contact to prevent escalation.

According to Politico, James McDonald will begin leading the U.S. Attorney's Office for the Southern District of New York (SDNY) starting July 14.

On July 8 at 3:00 AM Beijing time, the onshore Chinese yuan fell 110 points against the U.S. dollar, closing at 6.8052 CNY per USD. Trading volume reached 48.695 billion USD.

According to the U.S. Treasury Department, in the latest biweekly reporting period, investment funds purchased $53.459 billion of 2-year U.S. Treasuries maturing June 30, 2038, up from $48.203 billion in the previous period. Foreign investors purchased $6.942 billion of the same maturity, down from $9.923 billion previously.

According to the Wall Street Journal, Iraq has agreed to a U.S. request to stop providing dollar funding flows to Iran-backed militia groups. The move marks a shift in Iraq's financial support mechanisms for the armed factions.

According to the U.S. Treasury, in the latest biweekly reporting period, investment funds purchased $31.559 billion of 7-year Treasuries maturing June 30, 2033, compared to $32.925 billion in the previous month. Foreign investors purchased $5.864 billion of the same securities, up from $5.651 billion previously.

According to the U.S. Department of Treasury, in the latest biweekly reporting period, investment funds purchased $50.626 billion in 5-year Treasury notes maturing June 30, 2031, slightly down from $50.847 billion in the prior period. Foreign investors bought $8.865 billion of the same notes, also declining from $8.946 billion previously.

According to Global Citizen Solutions' 2026 Global Crypto-Friendly Nations report, Portugal established a new three-category cryptocurrency tax framework, ranking sixth globally with a 28% autonomous tax rate on short-term capital gains and a full exemption for assets held over 365 consecutive days. Short-term disposals within 365 days of acquisition face the flat 28% levy under Category G, while long-term gains qualify for zero tax. Crypto-to-crypto swaps are not taxable events; the holding per