Gate Crypto Flash News and Market Updates

According to Yonhapnews on August 2, South Korea's stock market experienced unprecedented volatility from July 28–31, with daily swings of -10.84%, -5.98%, -1.23%, and a record +17.91% surge, triggering a surge in mental health clinic visits. Patient visits for depression, insomnia, panic attacks, and family conflicts nearly doubled in July compared to June, according to Park Jong-seok, director of Yonsei Spring Psychiatric Clinic. The clinic saw an average of 5 patients daily in June but around

According to GMGN data, BSC meme coin Asteroid's market cap dropped below $3 million today, with a decline of 23.86% within the trading day.

According to Coin Bureau, Goldman Sachs forecasts the Federal Reserve will maintain current interest rate levels throughout 2026. The investment bank believes disinflation trends will outweigh hawkish signals and market expectations for a September rate hike.

According to securities analysts, South Korea's stock market experienced its worst monthly decline since the global financial crisis in July, with 1,859 of 2,645 listed companies (70.3%) reporting declining share prices as of July 31. The KOSPI index fell 22.2% while the KOSDAQ dropped 21.4% during the month, marking the largest monthly decline since October 2008. The selloff was driven by weakening semiconductor outlooks, geopolitical tensions in the Middle East, and profit-taking after a sharp

According to Jin10 on August 2, U.S. Secretary of State Marco Rubio said in a Fox News interview this weekend that Iran is facing a fundamentally different American president under Trump's leadership, and that Tehran can no longer expect to negotiate without consequences. Rubio stated that the Iranian regime has never faced a president like Trump—"a president who actually takes action"—and noted that Iran has grown accustomed over the past decades to operating without accountability. The White H

According to Korea Herald citing data from South Korea's Financial Supervisory Service, South Korean crypto exchanges recorded net stablecoin outflows of 560.3 billion won in June 2026, with 2.7625 trillion won transferred overseas versus 2.2022 trillion won incoming. This marks the 18th consecutive month of net capital outflows, with cumulative outflows of 1.6872 trillion won in Q2 2026. Stablecoins are primarily used to access overseas derivatives trading and emerging products unavailable on d

According to CoinDesk Data, tokenized stock and ETF trading volumes surged 288% in July, reaching a record $11.3 billion. Binance's bStocks accounted for $9.41 billion or 83.3% of total trading. QQQB, which tracks the Invesco QQQ ETF, generated $9.27 billion in trading volume, representing approximately 82% of all tokenized stock trading. The dramatic growth was driven by Binance's zero-maker-fee policy launched in August and its VIP trading volume boost program introduced on July 23.

Market participants estimate Japan intervened in currency markets on July 30 with an operation of approximately $53 billion to support the yen, which surged 3.3% against the U.S. dollar. The intervention appears to have triggered a significant rally in U.S. Treasury yields. The 10-year Treasury yield rose above 4.73%, while the 30-year yield climbed to 5.265%, reaching its highest level since the 2007 financial crisis. According to Brookings Institution senior fellow Robin Brooks, Japan likely s

According to Edaily, the Korean won weakened over 125 won against the U.S. dollar in July, marking the largest monthly decline since the global financial crisis in 2009. The drop resulted from increased dollar supply following SK Hynix's U.S. stock depositary receipt offering, export-related hedging flows, and South Korea's central bank rate increases that narrowed the interest rate gap between Korea and the U.S.

According to Jin10, on August 2, China's Navy Task Force 83 arrived at Tanjung Perak Port in Surabaya, Indonesia for a four-day goodwill visit. During the visit, naval personnel from both countries will conduct ship visits and sports friendship matches, aimed at deepening mutual trust and promoting maritime cooperation.

According to UBS, on August 2, global hyperscalers' total capital expenditure is projected to reach $1.0403 trillion in 2027, with storage spending accounting for $761.3 billion, or 73% of total capex. Storage spending is expected to surge from $72.8 billion in 2025 to $335.7 billion in 2026 and $761.3 billion in 2027, representing year-over-year growth of 361% and 127% respectively, driven by surging AI GPU demand and rising average selling prices for storage products.

According to Guru Club, on August 2, U.S. President Trump stated that he is destroying Iran's currency and that Iran is facing severe inflation.

The Nasdaq Composite rose 1% on Friday and 2.78% on Thursday, marking two consecutive days of gains amid strong corporate earnings. Microsoft reported fourth-quarter adjusted earnings per share of $4.74 and revenue of $90 billion, up 18% year-over-year, exceeding market expectations. The company surged 21.75% for the week, boosted by strong cloud and AI-related business performance. Amazon also rallied 17% for the week following better-than-expected quarterly results, easing investor concerns ab

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) suspended approval of Nasdaq's cash-settled Bitcoin Index Options (ticker: QBTC) on July 31 and reopened its review following legal objections from CME Group. CME argues Bitcoin is a commodity under Commodity Futures Trading Commission (CFTC) jurisdiction, not SEC authority, and that QBTC should be registered as a CFTC-regulated futures exchange or redesigned to track Bitcoin spot ETF assets. The SEC conditionally approved

According to ChainCatcher, data center developer Nexus Data Centers is raising approximately $15 billion to construct an AI data center campus in Hubbard, Texas, which Anthropic will lease long-term, with Morgan Stanley leading the banking syndicate. Google will provide credit guarantees using its investment-grade rating to back Anthropic's lease obligations and related energy agreements across four data center projects and a 1.6 GW natural gas power plant. In exchange, Google expects to acquire

According to CoinDesk, Strategy (MSTR) maintains its 12% dividend on preferred stock STRC in August, with no increase despite investor expectations. The company had previously raised the dividend by 50 basis points on July 1 after STRC fell to $71 in June. STRC currently trades at $89.46, still below its $100 par value. CEO Phong Le stated the company's goal is to maintain STRC's price in the $99–$100 range long-term.

On Friday, July 31, Micron Technologies (MU) shares fell 5.9% to $823.03, reversing gains from the previous day's 18% jump, as concerns over rising interest rates weighed on investor sentiment despite strong AI-driven memory demand demonstrated by Apple and Amazon earnings reports. In its earnings call, Apple CEO Tim Cook described surging memory prices as a "once-in-a-century flood," signaling that the DRAM industry needs additional suppliers to meet robust demand.

According to Korea Financial Investment Association, as of July 31, the Korea Growth Fund's benchmark price fell to 961.9 won, down 3% from its initial price of 1,000 won, just two months after launch on July 12. The government-backed retail fund guarantees protection against losses up to 20% per sub-fund, but the price decline suggests actual losses may have already exceeded this threshold. The decline follows sharp declines in South Korea's equity markets, with KOSPI dropping 18.81% and KOSDAQ

According to Rep. Lee Jong-wook citing Financial Supervisory Service data, active users at South Korea's five largest crypto exchanges fell below 20% as of late June 2026, with 8 out of 10 investors halting trading. The decline reflects weakening investor appetite for crypto amid sustained market downturn and heightened volatility in domestic and global equities.

According to Yonhapnews and South Korea's Securities Depository, stablecoins flowed out of the country's five major exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) totaling 560.3 billion Korean won (approximately 389 million USD) in June. This marked the 18th consecutive month of net stablecoin outflows since January 2025. The outflow amount reached 77.6% of domestic investors' net purchases of foreign equities in June, compared to approximately 20% a year earlier.