Gate Crypto Flash News and Market Updates

According to state media reports, Zhipu AI's (HKG: 2513) restricted shares worth approximately 41.35 billion yuan were fully unlocked on July 7, 2026. Near 70% of the company's institutional investors have committed to long-term holdings. The stock surged 10.4% to 1,778 Hong Kong dollars as of 10:30 a.m. on July 8, with intraday gains reaching as high as 15.2% at 1,854 Hong Kong dollars. The unlocked shares comprised approximately 25.68 million shares held by cornerstone investors during the Hon

According to Huobi HTX's official announcement, the exchange will host a live debate tonight (July 8, 8:00 PM) to discuss institutional portfolio adjustments and market implications. The discussion will center on why institutions are shifting their holding strategies and how market liquidity may evolve in response.

According to Protos, Nasdaq-listed company Enlivex saw its stock price drop to $0.42, a historic low, today. The decline stems from the company's significant holdings of RAIN tokens, associated with Israeli entrepreneur Moshe Hogeg's failed projects. Enlivex holds approximately 78.8 billion RAIN tokens with a nominal value of $1.2 billion, representing 12% of circulating supply. Despite the large token position, Enlivex's market capitalization stands at only $118 million, highlighting a stark di

According to Shanghai Steelhome data, MMLC battery-grade lithium carbonate (early session) was quoted at 163,450 yuan/ton on July 8, down 250 yuan/ton from the previous day's 16:30 closing price.

According to Cryptopolitan, Uniswap Labs proposed extending its UNIfication token burn initiative to Uniswap v4 liquidity pools, seeking UNI holders' approval to collect protocol fees on select v4 pools and allocate portions to UNI buybacks and token burns. The snapshot vote runs through July 12. UNIfication currently operates across 11 chains, distributing protocol revenue to stakers and for token destruction to enhance token value. If approved, the v4 expansion would strengthen UNI's deflation

According to DAXA, South Korea's digital asset exchange consortium, on July 8, the organization warned users about phishing sites impersonating domestic won-based exchanges and malicious PC applications. The scams, promoted via SNS ads, lure users to install fake desktop trading programs by offering promises of zero trading fees and special promotions. However, legitimate South Korean exchanges do not provide PC-exclusive installation programs; users installing such applications risk credential

According to Yonhap Infomax, South Korean industrial conglomerate Hyosung established the AI Fusion Research Institute on July 8 to integrate cutting-edge artificial intelligence technologies with its existing manufacturing, textile, and chemical businesses. The institute will focus on developing high-value products and designing future business initiatives for subsidiary companies including Hyosung Heavy Industries, Hyosung TNC, and Hyosung Chemical. Hyosung appointed Maeng Sung-hyun, professor

According to on-chain analyst Ai Yi, two addresses withdrew 550 BTC worth approximately $35.05 million from OKX 10 hours ago. One of the addresses, 15oD9...FmR51, has shown previous fund transfers associated with the Tokyo Bitcoin Vault, commonly referred to by the community as 'Asia MicroStrategy,' though it remains unclear whether the address belongs to that entity.

According to Samsung's media invitation issued on Tuesday, the company will unveil the Galaxy Z Fold 8 on July 22 in London during its Galaxy Unpacked event. The new flagship foldable phone will feature a shorter, wider design that resembles Apple's planned foldable iPhone. Samsung is also introducing a third variant with a more compact, passport-sized format. Samsung's July launch aims to dominate the foldable smartphone market and diminish the impact of Apple's anticipated first-generation fol

According to Sherilyn Chew, multi-asset strategist at DBS Group's research division, gold's medium-term outlook remains slightly more constructive on July 8. Hong Kong's launch of a gold clearing infrastructure pilot reinforces broader regional interest in gold and should deepen market accessibility across Asia over time. Additionally, amid de-dollarization discussions, China's central bank is expected to continue increasing its gold holdings, reflecting sustained official demand. Both factors s

According to Zhitong Finance, LXJ International Holdings Limited (Laoxiangji) had its Hong Kong IPO prospectus expire on July 8, 2026, six months after submission on January 8, 2026. China International Capital Corporation Limited and Haitong International Capital Limited served as joint sponsors.

According to PANews, the crypto market fell broadly on July 8, with the DeFi sector leading declines at 8.77% in 24 hours based on SoSoValue data. Cryptocurrency prices across major sectors dropped between 2% and 9% during the period, while LAB declined 67.70% as the biggest loser among tracked assets.

SpaceX stock fell around 7% on its first day in the Nasdaq 100 index, reaching post-IPO lows despite initial investor optimism around the listing inclusion. The decline reflects broader weakness in technology stocks, which has prevented a quick recovery in the company's share price.

According to Japan's Ministry of Finance, the country's May current account surplus came in at ¥3.9683 trillion on July 8, falling short of market expectations of ¥4.1213 trillion. However, the surplus widened by ¥647.8 billion year-over-year as the trade balance swung to a surplus of ¥69 billion. May exports rose 14.7% to ¥9.3602 trillion, while imports increased 8.1% to ¥9.3533 trillion, compared to the same period last year.

According to IHS Markit data, Amazon and Meta's corporate bonds experienced sharp spread increases on July 7-8. Amazon's 2036-maturity bond spread jumped from 61 basis points to 73 basis points, while Meta's 2036-maturity bond spread surged from 87 basis points to 96 basis points—marking its highest level since issuance. The spike reflects investor concerns over mounting demand for AI infrastructure financing, intensified by Amazon's latest $25 billion bond offering just four months after its Ma

According to Jin10, Shanghai gold opened at 899.85 yuan per gram on July 8, trading 0.38 yuan below the international gold price of 900.23 yuan per gram.

According to Jin10 Futures, as of 10:15 on July 8, the CFETS-NEX sentiment index reported 47, up 1 point from 08:45. Among sector participants, large banks reported 46 (up 1), mid-size banks 48 (flat), and non-bank institutions 46 (up 1). The index ranges from 0 to 100, with 50 indicating balance and readings above 50 reflecting funding tightness.

According to The Banker, a publication under the Financial Times Group, the world's top 10 banks by tier-one capital in 2026 rankings show seven banks headquartered in China. Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), and Bank of China (BOC) retained their positions as the world's four largest banks. Postal Savings Bank of China entered the global top 10 for the first time. Only JPMorgan Chase, Bank of America, and Citigroup r

According to Yonhapnews, Samsung Electronics announced on July 8 that Q2 revenue reached 171 trillion won with operating profit of 89.4 trillion won, surpassing market expectations despite a performance bonus provision. The stock price fell 7,000 won (2.36%) to 289,000 won as of 10:50 a.m. on July 8. Korean brokerages are divided over the memory chip super-cycle outlook. Optimists including IBK Investment and Securities and KB Securities raised their price targets to 46 million won and 60 millio

According to BlockBeats and Bitget market data, Zhipu stock rose over 14% intraday on July 8 after disclosing plans to develop proprietary chips. The company also reported that nearly 70% of investors intend to hold their positions long-term.