Gate Crypto Flash News and Market Updates

According to The New York Post, Dionysios "Dean" Karakitsos, co-founder of blockchain firm Bitquery, was accused on August 1 of embezzling over $5 million and deleting 194 expense records before his departure. The 57-year-old Karakitsos, who served as CEO, director, and CFO until 2025, allegedly transferred company funds to his personal accounts over several years. Bitquery filed a lawsuit in Manhattan Supreme Court in June seeking the return of at least $5 million in allegedly stolen funds and

According to ChainCatcher, citing MLM data, since the HYPE team token unlock began in December 2025, team members have cashed out approximately $165 million worth of tokens. A total of 4.33 million HYPE tokens have been sold, with 1.19 million tokens sold on public markets for $32.5 million and 3.14 million tokens transferred to over-the-counter trading platforms valued at $132 million. Meanwhile, the assistance fund has repurchased approximately 9.8 million HYPE tokens for $364 million, roughly

According to Dailian, South Korea's benchmark KOSPI index recorded its largest single-day rally in history last week, surging 17.91% on July 31 after two consecutive circuit-breaker trading halts earlier in the week. The index swung between 5,262.77 and 6,806.27 points in just seven days. Foreign investors drove the rebound, purchasing over 7 trillion Korean won worth of stocks on July 31 alone, with semiconductor giants Samsung Electronics and SK Hynix receiving over 4 trillion won in net buyin

According to Coinglass data reported by BlockBeats on August 1, funding rates across major CEX and DEX platforms indicate that bearish market sentiment has weakened as Bitcoin consolidates. Current market positioning reflects neutral to slightly negative sentiment.

According to Bitcoin News, MicroStrategy (MSTR) announced it could sell up to $5 billion in Bitcoin under its current capital plan, four times higher than initially proposed. CEO Phong Le stated the proceeds would be used to build $1.25 billion in reserves, support annual dividend and interest obligations of approximately $1.76 billion, and fund stock buybacks of up to $2 billion. Michael Saylor noted that while $5 billion represents the current ceiling, the total amount could ultimately be high

AfriVest and eduBox have launched a blockchain-based platform designed to convert African education spending into investable digital assets while directing capital toward local communities and women-owned businesses. The initiative tokenizes education debentures through the Co-op Debenture Exchange, or CDEx, using on-chain verification and compliance frameworks. Education spending transactions are recorded on a blockchain register, with investor payments automated through programmable settlement

According to ChainCatcher, Tether disclosed its Q2 2026 financial results as of June 30. The stablecoin generated net operating profit of approximately $1.5 billion, primarily from U.S. Treasury and buyback operations. USDT circulation reached around $184.6 billion, increasing about $446 million from Q1 and capturing over 60% of the stablecoin market. Total assets stood at $187.751 billion against total liabilities of $183.642 billion, resulting in a $4.11 billion asset surplus. The report was p

According to CoinGecko, Upbit's trading volume declined 27.3% over the past 24 hours as of August 1. The META/KRW trading pair led the Korean won market with 11.56% of total trading volume, followed by USDT, MMT, BTC, and BABY.

According to market analyst Xaif Crypto, XRP's average transaction size on the XRP Ledger has reached $85,290, the highest among the top 10 cryptocurrencies. By comparison, Bitcoin averages approximately $10,600 per transaction, while Ethereum sits near $2,930. The elevated transaction size typically signals large capital movements from institutional participants such as asset managers, exchanges, custodians, and corporate treasuries rather than retail activity. Evernorth Holdings recently filed

According to CryptoQuant analyst Julio Moreno, small Bitcoin transfers of less than 10 BTC saw daily exchange inflows surge to 7,300 BTC yesterday (July 31), the highest level since February 6. The spike may be related to the recent Coldcard wallet security breach, which prompted users to move holdings for safety.

According to Interfax, Russian forces damaged a tanker at Odesa port that was intended for use by Ukrainian military, and struck a ocean-going tugboat at Mykolaiv port.

According to Argentina's national transplant authority INCUCAI, the country deployed a blockchain-based decentralized identity and cryptographic document verification system on the IOTA Mainnet in June to secure organ and tissue transplant procedures. The system, developed by Extrimian, allows participating agencies to register verifiable digital identities and electronically sign transplant-related documents. IOTA records cryptographic fingerprints (hashes) of signed documents, enabling authori

According to Strategy (formerly MicroStrategy), the company endorsed the CLARITY Act on July 31, one day after reporting a second-quarter net loss of $8.22 billion. The bill would establish clearer regulatory jurisdiction over digital asset trading, with securities-like tokens regulated by the SEC and digital commodities by the CFTC. MicroStrategy leadership argued that regulatory clarity would accelerate institutional adoption. Executive Chairman Michael Saylor stated: "Bitcoin will succeed wit

According to Binance spot data, CTK surged 11.26% over the past 24 hours and reached an intraday high, while ROSE climbed 7.42% and also hit a fresh daily peak. Meanwhile, DIA and ACH touched their daily lows with declines of 7.7% and 5.49% respectively.

According to ChainCatcher, citing on-chain analyst Yuechen's monitoring, a whale has held 1.38 million HYPE tokens for 8 months with an unrealized gain of $18.8 million. The position is valued at $72.15 million and has a liquidation price of $47.6, just 9% below HYPE's current price of $52. The whale extracted significant unrealized gains as margin, positioning it close to liquidation. The position has swung from a $26 million loss in late January to a peak $47.46 million gain in June.

According to MarsCat's announcement on July 31, MarsCat has partnered with Cwallet, a multi-chain cryptocurrency wallet platform, to improve blockchain connectivity and expand Web3 accessibility. The collaboration aims to integrate blockchain services across multiple networks and reduce barriers for consumers accessing decentralized tools. Both companies seek to develop a more interconnected ecosystem combining MarsCat's connectivity infrastructure with Cwallet's multi-chain asset management cap

According to the International Atomic Energy Agency (IAEA), the Zaporizhzhia nuclear power plant lost external power for the 23rd time today as military operations in the region continued.

According to Maeil Business Newspaper, as of August 1, South Korea's major securities firms posted record-high second-quarter earnings driven by soaring stock market activity. Kiwoom Securities reported Q2 operating profit of 789 billion won and net profit of 680.6 billion won, up 93.2% and 119.4% year-over-year respectively. NH Investment & Securities posted Q2 operating profit of 681.2 billion won and net profit of 489.4 billion won, up 111.6% and 90.5% respectively. KB Securities recorded Q2

According to Lebanese sources, Lebanon and Israel will launch the seventh round of talks in Rome on Tuesday, lasting three days.

According to Reuters, on August 1, Munich regional court ruled that AI music company Suno infringed copyrights represented by German collective Gema and must disclose illegal revenues. The court determined that Suno lacked authorization to process songs by artists represented by Gema. The judgment is subject to appeal, and Suno is required to pay damages, with the amount to be determined.