Gate Crypto Flash News and Market Updates

According to Goldman Sachs Prime Brokerage data, systematic trading hedge funds fell 2.1% last week as of Thursday, marking their worst performance since December 2023. The decline extended losses from the prior five trading days, when the funds had already fallen 3.1%. The downturn reflects sharp style rotation amid an ongoing bull market, with rising volatility challenging momentum-driven strategies.

According to BlockBeats, on July 7, U.S. President Trump criticized short sellers, stating that those betting against the market "are in trouble" and "are being liquidated." Trump added he has never liked short sellers because "they are betting against the nation."

According to Ripple, the blockchain payments company announced on July 4 that it will match donations to the Call of Duty Endowment, a nonprofit supporting unemployed veterans, up to $10,000 in XRP. Users can contribute via cash, stocks, XRP, or Ripple's RLUSD stablecoin, with Ripple matching donations in XRP up to the stated maximum.

According to CZ's statement on X yesterday, Binance founder Changpeng Zhao denied investing in three BSC-based memecoins—TCC, CZ, and AB—stating he does not own these tokens and lacks sufficient information about them. "I don't own or know any of these coins," CZ wrote. Following the announcement, the three memecoins experienced sharp declines from their peaks, with TCC, CZ, and AB falling 53%, 61%, and 47% respectively, according to GMGN market data cited by Foresight News.

According to The Block, AVAX One Technology (AVX), a Nasdaq-listed digital asset treasury company focused on Avalanche (AVAX), announced that CEO Jolie Kahn stepped down effective July 3 following a mutual agreement. The company's COO Pete Wylie Jr. has been appointed interim CEO while the board searches for a permanent successor. Under a separation agreement signed July 5, Kahn will receive $160,000 in cash, reimbursement for certain medical insurance costs, and $250,000 worth of unregistered c

According to macro analyst Adam at Greeks.live, open interest across all futures expiry dates remains subdued at approximately 15% through month-end, indicating low market activity. Meanwhile, Gamma Exposure (GEX) is concentrated around $60,000 put options and $63,000 call options, corresponding to recent volatility boundaries. Adam noted the crypto market may track external markets closely during this period.

According to Odaily and Jin10, Federal Reserve Governor Christopher Waller stated that the Fed will not intentionally maintain low interest rates to help the U.S. government finance its fiscal deficit. Waller also indicated that setting an inflation target range is reasonable, though he noted that adjusting the inflation target at this stage could undermine the Fed's credibility.

UK 10-year gilt yields rose 1.1 basis points to 4.793% on July 6 during European market close. Two-year gilt yields increased 0.4 basis points to 4.125%, while 30-year yields rose 1.8 basis points and 50-year yields climbed 1.6 basis points. The 2/10-year yield curve spread widened by 0.586 basis points to +66.584 basis points.

On Tuesday, the Dutch Defense Minister announced the country will present defense procurement agreements totaling over €3 billion and joint projects at a NATO forum. The announcements will also include a new air defense partnership with Belgium and a naval vessel cooperation initiative with the United Kingdom.

U.S. Strategic Petroleum Reserve crude oil inventory declined by 6.2 million barrels last week, falling to 319.5 million barrels, marking the lowest level since 1983, according to energy market data.

According to Yonhapinfomax, President Donald Trump predicted on July 6 that the market would 'go through the roof' during a launch event for the Trump Account, a government-backed long-term investment savings program for children. Trump said factories are opening across the country and that $192 billion has been secured for manufacturing, AI, and the automotive industry. He joked about encouraging people to buy Dell computers, noting the company's founders donated $625 million to the program. DE

South Korea's Supreme Court has proposed amendments introducing detailed procedures for seizing and liquidating digital assets in civil cases. Under the proposed framework, courts would issue seizure orders to prevent debtors from disposing of crypto holdings, requiring assets to be transferred to court enforcement officers. The Supreme Court said the changes are needed due to rising cryptocurrency cases. Public comments will be accepted until August 11, with revisions expected to take effect in

According to BlockBeats, on July 7, Nvidia denied reports by SemiAnalysis claiming product delays and stated that its AI chip roadmap remains on schedule. The company maintained that development timelines are proceeding as planned.

According to Jin10, Federal Reserve Governor Christopher Waller said considering setting an inflation target range is reasonable. Waller's comments suggest the Fed may explore adjusting its framework for managing price stability.

Federal Reserve Governor Christopher Waller expressed his preference for setting an inflation target as a range rather than a fixed point, while cautioning that adjusting the target at present would undermine the Fed's credibility.

According to Microsoft, on July 6, Xbox announced 3,200 layoffs and the divestment of five studios, with half of the cuts taking effect immediately and the remainder by the end of fiscal 2027. The layoffs represent roughly 20 percent of the Xbox division. New Xbox CEO Asha Sharma said the restructuring aims to simplify decision-making by reducing management layers from 14 to a maximum of 5.

According to Trump, the heads of BlackRock, BlackStone, and Goldman Sachs attended a meeting today.

According to HTX, Ethereum broke above $1,800 on July 7, up 1.4% in 24 hours.

According to veteran investment strategist Jim Paulsen, the S&P 500 index is expected to decline over 10% this year despite two-digit percentage drops in WTI crude oil prices. Paulsen's analysis of data since the 1970s shows that historically, whenever oil prices spike and subsequently fall, the S&P 500 has experienced periods of consolidation or direct declines as investors recognize the economic damage from oil shocks.

According to South Korean investment banking industry sources, Hillhouse Investment withdrew its takeover bid for Aegis Asset Management today (July 6). The overseas private equity firm, selected as the preferred bidder in late 2025, cited price valuation disagreements as the reason for abandoning the transaction. The two parties were unable to narrow their positions on the acquisition price.