Gate Crypto Flash News and Market Updates

According to Bloomberg, Apple is in early settlement discussions with the U.S. Department of Justice over a 2024 antitrust lawsuit. The DOJ's complaint alleges Apple violated antitrust laws. No trial date has been set, and there is no guarantee the parties will reach an agreement.

The Federal Reserve Bank of New York's GDP Nowcast model predicts U.S. second-quarter GDP growth at 2.80%, up from the prior estimate of 2.73%.

The U.S. oil rig count for the week ending July 17 is scheduled to be announced within the next ten minutes.

On Friday, July 17, German 2-year bond yields rose 1.4bp to 2.786%, posting a weekly gain of 13.8bp, while 10-year yields climbed 6.0bp week-to-date to 3.126%. Italian 10-year yields gained 14.3bp to 3.945%, and Greek 10-year yields increased 13.4bp to 3.850% over the week, as eurozone debt markets saw broad upward pressure across the curve.

According to The Block reporting, Bitcoin fell below $63,000 on Friday (July 16) as the Coinbase Premium Index remained negative for a record 60 consecutive days, with the latest reading at -0.1025%. The prior negative streak lasted 40 days from January 16 to February 24, and prolonged negative premiums have historically signaled weaker U.S. institutional demand, according to Coinglass data. The decline extended weakness across semiconductor stocks, pulling broader crypto markets into a wider ri

On Friday (July 17), UK two-year gilt yields rose 0.6bp to 4.346%, with weekly gains of 12.5bp following a sharp rally on Monday and partial pullbacks in subsequent sessions. UK 10-year yields fell 1.5bp to 4.951%, up 7.9bp over the week after Monday's significant rise. Thirty-year and 50-year gilt yields both declined Friday, falling 1.2bp and 1.6bp respectively.

According to Judge William C. Griesbach of the U.S. District Court for the Eastern District of Wisconsin, ESSA Pharma Inc. and its former executives were cleared of securities fraud allegations on July 16 when the court dismissed a proposed class-action lawsuit. The judge ruled that investors failed to adequately establish a reasonable inference of securities fraud against ESSA and executives David R. Parkinson and Peter Virsik. Plaintiffs alleged that the company and former executives had toute

According to Financial Times, on July 18, Trump Media & Technology Group began offering institutional clients high-speed data access to content posted by U.S. President Donald Trump on Truth Social for $100,000 per month. The service provides lower-latency data streams to help clients quickly capture policy signals and market-related information from Trump's public statements.

Galaxy Digital signed a 15-year partnership with Texas Tech valued at over $70 million, starting with the 2026 football season, to rename the Red Raiders stadium and serve as the university's official data center and AI infrastructure partner. Under the agreement, Galaxy Stadium will host the university's football program beginning in fall 2026. The deal extends beyond naming rights to include athlete endorsements, marketing campaigns, and branding across Texas Tech's football and basketball pro

According to the University of Michigan, U.S. consumer confidence rose to 54.4 in July (released today, July 17), up from 49.5 in June, exceeding economist expectations of 51.0. The surge was driven primarily by declining gasoline prices, which eased household living cost pressures. The one-year inflation expectation also improved to 4.2%, down from 4.6% in June.

According to Bitcoin News, the House held a CLARITY Act hearing in New York on July 17 to discuss H.R.8957, the Strategic Bitcoin Reserve Act, which would authorize the Treasury to acquire Bitcoin through budget-neutral mechanisms without increasing taxpayer costs. The proposal requires regular audits, security custody standards, and transparency for government Bitcoin holdings, positioning Bitcoin as a long-term strategic reserve asset alongside other national reserves.

According to Odaily and MSX.COM data, the U.S. storage chip sector continued to rise on July 17. SK Hynix jumped over 8%, SanDisk gained more than 4%, and Micron Technology advanced over 3%. The Philadelphia Semiconductor Index, which had plunged 5.6% earlier, narrowed losses to below 1%.

According to Odaily, Input Output will transfer control of key Cardano blockchain components, including the Haskell node, Plutus platform, and Daedalus wallet, to external professional teams starting in August as part of a multi-year decentralization initiative. Independent companies including Se7en Labs and Teragone will manage portions of the core infrastructure. At least three Cardano implementation versions will be maintained in Haskell, Rust, and Go languages, subject to community oversight

According to the New York Times, Meta Platforms is negotiating a computing power rental agreement with Anthropic on July 18, with a potential deal size of up to $10 billion over two years. The discussions remain in an early stage.

On July 17, Airbnb CEO Brian Chesky reclaimed his X account and disowned an AI-generated thread promoting real-world asset tokenization that a hacker posted on July 14, which garnered over 700,000 views before being identified and removed. The now-deleted posts argued that tokenization could make buildings, bonds and funds easier to divide, trade and settle. Chesky acknowledged the breach by posting: "To the person who hacked my account earlier this week: thanks for all the new crypto followers.

According to inflation data released in June 2026, US Consumer Price Index fell 0.4% month-over-month—the first monthly decline in six years—with headline inflation easing to 3.5% from 4.2%. Core CPI annual rate declined to 2.6%. Following the disinflationary print, Fed rate hike odds for July fell to approximately 83% probability of rates remaining unchanged, while July hike probability dropped to 10%. Markets showed mixed reaction, with energy and financial sectors leading gains as the S&P 500

Tom Lee and Peter Brandt predict the S&P 500 will reach 8,000 by the end of 2026. Lee forecasts a three-stage path: the index moves toward 7,700, pulls back 10-15%, then rallies above 8,000 into year-end, supported by stronger earnings and improving valuations. Brandt's technical analysis shows an ascending triangle pattern with current resistance at 7,630; a daily close above this level would confirm a bullish breakout pointing toward 8,000. Citigroup, Goldman Sachs, Morgan Stanley, and Deutsch

According to Bloomberg, Ghana is preparing to significantly shorten mining lease renewal periods to a maximum of 10 years from the current 30 years, with the legislative proposal expected to be submitted to parliament within weeks. The cabinet has already approved the mining law overhaul, marking the first major revision since 2006. The change could affect companies like South Africa-based Gold Fields, whose Tarkwa mine in Ghana produced 475,000 ounces of gold in 2025, representing about one-fif

According to BlockBeats, France's financial regulator ANJ announced on July 17 that it will block access to Polymarket's website within France. The agency had previously prohibited financial transactions on the platform in November 2024. ANJ noted that despite the trading ban, access attempts from French IP addresses to Polymarket reached 578,751 in June.

According to BlockBeats, Serenity's investment portfolio experienced a drawdown of -49.4% in July, with major holdings concentrated in memory, photonics, robotics, and upstream semiconductor sectors, which Serenity identifies as AI bottleneck areas. Serenity attributes the decline to liquidity and leverage-driven volatility rather than a structural failure in growth fundamentals for these sectors.