Gate Crypto Flash News and Market Updates

U.S. President Donald Trump stated today that the country is currently experiencing an oil surplus, which will push oil prices down.

On Wednesday, July 8, ICE UK natural gas futures rose 4.97% to close at 116.25 pence per therm, with a significant rally after 4 p.m. Beijing time lifting prices to 117.95 pence. TTF Dutch natural gas futures, the European benchmark, gained 1.89% to 48.97 euros per megawatt-hour, though Bloomberg data showed volatility with a brief dip to 33.54 euros before recovery above 48.95 euros.

According to Musk, the 2T (trillion parameter) model will complete training this month and will be made available to customers in August. The 1.5T foundation model continues to be optimized.

According to CME FedWatch data, as of July 9, the probability of the Federal Reserve maintaining rates unchanged in July stood at 65.3%, with a 34.7% probability of a 25 basis point rate hike.

According to on-chain data analyst Lookonchain, Ethereum-focused treasury company Bitmine recently purchased 40,000 ETH worth approximately $70 million. The purchase was transferred from FalconX and Kraken wallets through two addresses. Bitmine's total Ethereum holdings now stand at 5.74 million ETH, representing approximately 4.8% of circulating supply, just below the company's 5% target. Of the total holdings, approximately 4.88 million ETH are staked on the MAVAN network, generating passive i

Ripple signed a multi-year sponsorship agreement with University of Kansas Athletics this week, placing the XRP logo on jerseys of all Kansas athletic teams and designating XRP as the official cryptocurrency of Kansas Athletics, according to official statements from both organizations. Beyond the branding arrangement, Ripple will fund educational programs on traditional finance and digital assets for student-athletes and facilitate connections between University of Kansas graduates and technolog

Overnight, Iran fired on ships, U.S. President Trump said. Trump expressed disapproval of the action, stating Iran wants to reach a deal but does not know how to proceed.

According to Odaily and Jin10, the U.S. War Secretary said on July 8 that the United States will strike Iran tonight if President Trump orders the action.

According to Bloomberg, Paradigm closed a $1.2 billion fund on July 8, 2026, marking the crypto-focused venture firm's third vehicle and a strategic pivot toward artificial intelligence and robotics investments. The fund has already been deployed into Zipline, a drone delivery company, and True Anomaly, a space defense startup, signaling the firm's expansion beyond traditional crypto infrastructure despite continued backing of blockchain projects including a $175 million round in Morpho.

According to BlockBeats, MicroStrategy founder Michael Saylor said on July 9 that after a decade of block space concerns, Bitcoin has no "spam transaction problem." Current Bitcoin network fees stand at approximately 1 sat/vB, allowing anyone to transfer any amount globally at roughly $0.3 per transaction. Market mechanisms continue to effectively address Bitcoin's block space challenges.

According to former White House economists Jared Bernstein and Ryan Cummings, Anthropic and OpenAI filed for initial public offerings with the Securities and Exchange Commission last month, though pricing and share details remain undisclosed. The economists warned in a Substack post on Wednesday that the AI bubble is "alive and well," noting that AI-related stocks have gained approximately 25% since their prior warning last year, compared to 10% for the broader market. The economists highlighted

According to Bloomberg, on Wednesday the German government decided to provide a state guarantee of up to 11.5 billion euros (approximately $13.1 billion) for Meyer Werft's cruise ship construction contract with Swiss operator MSC Cruises. The German federal budget committee made the decision at a closed-door meeting, with the guarantee covering principal and interest.

On Wednesday (July 8), UK 10-year gilt yields rose 12.6 basis points to 4.974% in late European trading. Two-year gilt yields climbed 15.3 basis points to 4.331%.

On Wednesday, BNB Chain unveiled plans for a new layer-1 blockchain designed to handle high-frequency trading and AI-driven transactions at speeds exceeding 100,000 transactions per second. The network will feature sub-50-millisecond transaction confirmation and sub-one-second block finality, with a testnet launch targeted for late 2026 and mainnet release in early 2027. The developers also plan to implement TxStream, a system that bypasses the public mempool to reduce latency and front-running

According to CNBC Investing Club's Wednesday Morning Meeting, Jim Cramer said FedEx Freight is a long-term buy opportunity after falling 25% from its June 9 high. Cramer described the newly spun-off company as a "self-help story" being held back by market misinformation. Wells Fargo upgraded Old Dominion Freight Line on the same day, noting that recent pullbacks in less-than-truckload shipping stocks created attractive entry points. Cramer stressed investors should view FedEx Freight as a long-t

According to JP Morgan's report issued on July 8, the bank's Momentum Intelligence team said momentum adjustments have historically declined 10-15% on average, with the current momentum index already down 13% from its peak, signaling a potential buying opportunity in U.S. equities. JP Morgan noted that positioning is already below neutral and macro and micro outlooks remain optimistic, supporting a "buy on dips" stance despite risks from AI trends and oil price movements.

U.S. President Donald Trump announced that the United States has allocated $1 trillion to the American armed forces so far this year, with plans to request $1.5 trillion in military funding going forward.

At the NATO summit, President Trump announced that alliance members have agreed to increase defense spending to 5% of GDP, up from the previous 2% target. Member states are making significant progress toward the new 5% goal.

U.S. President Donald Trump stated that Iran, which once possessed hundreds of aircraft, has had all of them destroyed. The statement was made on July 8, 2026.

Recently, U.S. President Donald Trump stated that the administration will seek to continue pressing down oil prices, emphasizing the importance of maintaining low energy costs.