Gate Crypto Flash News and Market Updates

According to the Global Center on AI Governance (GIRAI), Nigeria rose from 80th globally in 2024 to 38th with a score of 45.93, emerging as Africa's highest-ranked country for responsible AI and climbing 42 places in just two years. The ranking evaluated 135 countries across five pillars: inclusion and diversity, ethics and sustainability, labour and skills, trust and safety, and AI use in public services. The report singled out Nigeria as a global "Bright Spot" for combining AI skills developme

According to Korea Exchange, Samsung Electronics rose 2.52% today (July 10) as semiconductor sector sentiment improved. The gain followed SK Hynix's U.S. listing and expanded investment announcements from Meta and Micron, which market participants interpreted as signals of sustained artificial intelligence cycle demand.

According to Onchain Lens, Binance transferred 1,050 BTC (approximately $67.1 million) to Ceffu today (July 10). Ceffu is the custody service formerly known as Binance Custody.

According to Korea Financial Investment Association, forced liquidations of retail investor margin holdings surged to 142.2 billion KRW on July 9, marking a fivefold jump from 28.8 billion KRW the previous day and reaching the highest level in a month. The monthly cumulative forced liquidations reached 344.2 billion KRW through July 9, with the forced liquidation ratio against unsettled margin balances rising sharply to 10.2%. Outstanding margin balances stood at 1.43 trillion KRW as of July 9.

According to Bitget, the staking and borrowing platform now supports 26 stock tokens as collateral assets, allowing users to borrow USDT, USDC, and other major stablecoins without selling their holdings. The initial batch includes rNVDA, rAAPL, rGOOGL, and rQQQ, covering technology, semiconductor, and ETF sectors. The Web interface is live today, with the mobile app launching next week.

According to Coinglass, 1 billion USDT was transferred out of Binance to an unknown wallet on July 10 at 16:11 UTC.

This week, South Korea's KOSPI index fell sharply from 8,000 to 7,400, triggering 5 circuit breakers—the 53rd trading halt this year on the combined KOSPI and KOSDAQ markets. The index recovered on the final trading day of the week, rebounding 2.5% from its low of 7,200 on institutional buying support.

According to SemiAnalysis founder Dylan Patel in a podcast on July 10, memory will face a structural shortage lasting multiple years due to inference-driven KV cache growth outpacing production capacity gains of only 20-30% annually. Memory prices have already risen fourfold and retain 2-3x upside potential, with consumer electronics bearing the initial pressure. Patel stated that copper-based solutions will persist through Nvidia's Rubin and subsequent Feynman architectures, extending the windo

According to light Futures, silver prices rebounded sharply overnight and into July 10 as geopolitical tensions eased. The main contract posted gains exceeding 4%, the largest intraday move this week. The rally followed a more restrained Iranian response to recent escalation, with Iran conducting retaliatory strikes on U.S. military bases but avoiding further attacks on commercial shipping in regional waterways. Meanwhile, U.S. officials signaled continued efforts to pursue diplomatic solutions,

According to Jin10, local bond issuance in the first half of 2026 reached 5.87 trillion yuan, breaking the record for the same period. The surge reflects accelerated special bond issuance as debt replacement efforts near completion. Meanwhile, China's Commerce Ministry and eight other government departments announced support for qualified retail enterprises to list on exchanges and issue asset-backed securities and commercial REITs, expanding financing channels for the retail sector.

According to IEA's monthly report, global energy demand declined by 4.8 million barrels per day in the second quarter.

According to the IEA's monthly report, global crude oil inventories rose in June for the first time in four months.

According to the International Energy Agency (IEA), the escalation of U.S.-Iran hostilities on July 7-8 may upend its forecast for significant oil supply surplus in 2027. The IEA stated that recent hostile actions could reverse market expectations of oversupply next year, which depend on improved transit through the Strait of Hormuz. In June, following a ceasefire agreement that reopened the strait, global oil supply increased by 4.1 million barrels per day, though still 9.4 million barrels per

According to the International Energy Agency's latest monthly report, non-OPEC crude oil production is expected to increase by 2.2 million barrels per day in 2027.

According to CryptoQuant analyst Darkfost, Bitcoin's unrealized profit share has dropped to 65.8%, falling below the 81% historical average, with unrealized losses now accounting for 34.2%. The market remains supported by profitable positions rather than loss-driven sentiment, though the profit share continues to decline.

According to IEA's latest monthly report, the agency revised its 2026 global crude oil supply deficit forecast to 860,000 barrels per day from the previously estimated 920,000 barrels per day.

According to Jin10 Futures, the CNEX market-wide sentiment index reported 50 as of 4 p.m. on July 10, up 3 points from 2:30 p.m. Among major banks, mid-size banks, and non-bank institutions, the sentiment indices stood at 49, 51, and 49 respectively, each rising 3 points.

According to IEA's monthly report, refineries responded more slowly than crude oil markets to the June reopening of the Strait of Hormuz, resulting in tighter fuel supply during the summer demand peak.

According to CCTV, Canadian Prime Minister Harjit Sajjan visited Saudi Arabia on July 9, marking the first visit by a Canadian leader in over 20 years. The two countries signed 13 commercial agreements and memorandums of understanding. The visit aims to diversify Canada's trade partners and reduce its economic dependence on the United States.

According to the IEA monthly report released in June, global oil demand is now forecast to decline by 1 million barrels per day in 2026, revised down from a previous estimate of 1.1 million bpd. Global oil supply is projected to decrease by 3.7 million bpd, compared to the prior forecast of 3.9 million bpd. Supply increased by 4.1 million bpd in June following the resumption of traffic through the Strait of Hormuz, though it remains 9.4 million bpd below pre-conflict levels. U.S.-Iran tensions p