Gate Crypto Flash News and Market Updates

U.S. President Donald Trump said on Wednesday he does not believe another war with Iran will occur. If any military conflict happens, it will end quickly and decisively, Trump stated, adding the U.S. does not seek prolonged warfare. Trump said if Iran attacks, the U.S. will respond, and any military action will unfold rapidly once initiated.

According to Iran's state-run Press TV, on July 8, Iran threatened to close the Strait of Hormuz if attacked and announced new military and strategic doctrines. A source cited by the outlet said Tehran's resolve has strengthened over the past 48 hours, with immediate measures to be implemented upon any attack. Under the new policy, passage through the Strait of Hormuz would be completely blocked, and Iran would strike at least two enemy targets for every one target attacked against it. The sourc

According to the SEC Agency Rule List, the SEC formally placed three crypto rulemaking items on its 2026 regulatory agenda in early July, covering the offer and sale of crypto assets with safe harbor provisions, broker-dealer financial responsibility rules, and Exchange Act amendments for crypto trading on alternative trading venues. Chair Paul Atkins framed the initiative as embracing innovation and bringing more crypto products onshore, with tokenized securities receiving particular focus. The

According to court filings, Citadel dropped its U.S. trade secrets lawsuit against crypto market maker Portofino Technologies on Wednesday, jointly agreeing with Portofino to dismiss the New York case. The Miami-based firm stated that continuing litigation no longer made financial sense given its inability to collect a separate $8 million judgment it already won against Portofino's founders in a 2025 London arbitration. Citadel said founder Leonard Lancia owes 5.98 million pounds from the arbitr

Bitcoin, Ethereum and major altcoins declined sharply over the past 24 hours. BTC fell 2.73% to $61,967.09, while Ethereum dropped 2.96% to $1,733.47. Among altcoins, Solana declined 4.98%, XRP fell 3.58%, and Dogecoin dropped 3.10%. MarketVector digital asset indices also retreated, with the large-cap index down 3.35% to 12,344.71 points.

Today, Google updated its Android Bench, a benchmark measuring how well AI agents perform on 100 Android app development tasks, adding eight new models including Claude Fable 5, Claude Sonnet 5, Claude Opus 4.8, GLM 5.2, Kimi K2.7 Code, MiniMax M3, Qwen 3.7 Plus, and Qwen 3.7 Max. According to Google's official announcement, Claude Fable 5 leads the leaderboard with 84.5 percent accuracy. GPT 5.4 ranks second, Claude Sonnet 5 third, with Google's own Gemini 3.1 Pro placing fifth.

The U.S. Treasury is set to announce results of its 10-year note auction on July 8, including the accepted yield and bid-to-cover ratio, within minutes.

According to Coinglass data, a transfer of $51 million USDT from an unknown wallet into Binance was detected on July 9 at 00:39 UTC.

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.