Gate Crypto Flash News and Market Updates

Senator Elizabeth Warren requested Thursday that President Donald Trump voluntarily disclose his cryptocurrency-related earnings by July 23, ahead of a Senate vote on the Digital Asset Market Clarity Act. Warren's letter seeks disclosure covering Trump's crypto earnings between Jan. 1 and July 15. Trump's 2025 financial disclosures revealed $1.4 billion in earnings from crypto ventures, including Official Trump and World Liberty Financial. Warren raised concerns that without disclosure, the prop

According to The Block, JPMorgan analysts stated in a recent report that MicroStrategy's cash reserves increased to $3 billion from approximately $2.55 billion, an amount sufficient to cover the company's preferred stock dividends for about 20 months. Analysts noted this development eases concerns that the company might have to sell Bitcoin to fund future dividend payments. JPMorgan also highlighted growing institutional demand in Bitcoin futures as another encouraging sign for BTC.

According to UBS on July 17, semiconductor stocks posted declines this week amid broader market concerns, with the Philadelphia Semiconductor Index (SOX) falling 8% this week and 17% this month. However, UBS forecasts earnings growth for SOX companies to reach 92% this year and an additional 40% next year, citing supply shortages despite strong demand for computing power driven by AI investments.

Friday (July 17), the U.S. storage chip and hardware supply chain index declined 0.77% to 189.38 points, down over 31.12% from its June 22 closing record of 274.95. The index has fallen 17.61% for the week and remained in decline throughout the period.

According to ECB board member Cipollone on Friday, July 11, stablecoin growth poses a risk to European bank retail deposits, adding to losses already incurred from mobile payment platforms. Cipollone noted that two-thirds of card payments in the euro area route through non-European schemes, and 13 of 21 eurozone countries lack national card schemes. He framed the digital euro as a structural solution to preserve bank deposits and payment data. The ECB named 36 payment service providers—including

On Friday, July 17, U.S. equity sector ETFs closed broadly lower. The Global Airlines ETF led declines with a 2.53% drop, followed by Semiconductors ETF down 2.18%. Regional Banks ETF fell 1.58%, while Tech and Internet stocks ETFs declined around 1.31%. Energy ETF was the sole gainer, rising 1.16%.

According to Friday's announcement, Galaxy Digital signed a 15-year naming rights agreement with Texas Tech, renaming the university's football stadium Galaxy Stadium beginning Sept. 5, 2026, when the football team opens its season against Abilene Christian. The partnership also makes Galaxy the official data center and digital assets partner of Texas Tech Athletics. The companies plan to collaborate on student-athlete name, image and likeness opportunities, artificial intelligence initiatives a

According to Iranian state television, three explosions were heard in Sirri, a region in southern Iran, on July 17.

This week, S&P 500 declined 1.55%, Nasdaq fell 2.9%, and Dow Jones dropped 0.93%.

Intuitive Surgical Inc. (ISRG) fell 14% today, marking its worst single-day performance since April 2022.

According to Coinglass, in the past 24 hours the cryptocurrency market saw $433 million in total liquidations, with long positions accounting for $324 million and short positions $109 million. Bitcoin longs were liquidated for $70.44 million while shorts faced $30.85 million in losses. Ethereum experienced $67.81 million in long liquidations and $32.07 million in short liquidations. A single Binance ETHUSDT position worth $7.787 million was the largest liquidation during the period, affecting a

According to Jin10, on Friday, July 18, the three major U.S. stock indices closed lower. The Dow Jones fell 0.77%, the S&P 500 declined 1.07%, and the Nasdaq dropped 1.4%. Among semiconductor stocks, Western Digital (WDC) rose 2.23% and SK Hynix ADR (SKHY) gained 1.13%, while Nvidia (NVDA) fell 2.21%. Meta Platforms (META) slid 2.79%.

This week, U.S. semiconductor storage stocks saw sharp declines, with the sector index falling 16.7%. SanDisk dropped 27.3%, Western Digital fell 17.6%, and Micron declined 11.8%. Broader U.S. equity indices also retreated. The S&P 500 fell approximately 1%, the Nasdaq 100 Index fell 1.5%, and the Philadelphia Semiconductor Index fell 9.5%. Among major components, Intuitive Surgical fell 13.8%, Synopsys dropped 8%, Netflix fell 6.9%, and Applied Materials declined over 5%. Energy stocks showed r

According to U.S. Central Command, over the past three days, U.S. military forces have intercepted and forced 4 commercial vessels to alter course, disabled 1 vessel, and boarded 1 vessel for inspection while enforcing blockade measures in the Strait of Hormuz. The inspections were conducted to ensure full compliance with applicable regulations.

According to U.S. Central Command, the United States launched strikes against Iran for the seventh consecutive night on Friday afternoon (ET), aimed at degrading Iran's military capabilities.

Kuwait's military said since dawn on July 17 (local time), it detected and successfully intercepted hostile ballistic missiles and drones that entered Kuwaiti airspace.

According to Ripple CEO Brad Garlinghouse, speaking at a recent event, XRP transactions complete in approximately 4 seconds globally, compared to Bitcoin transactions which can take about 10 minutes with fees sometimes reaching $10. Garlinghouse emphasized that XRP's transaction costs are "very, very small" and highlighted that speed and cost are critical factors for practical technology adoption. He clarified that Ripple designed XRP primarily for banks and financial institutions to address cro

According to Bloomberg EV Price Return Index data, the index fell 2.42% at New York close on Friday (July 17) to 3304.17 points. The index declined 3.85% for the week.

According to Bob Oravec, a senior forecaster at the U.S. National Weather Service, approximately 151 million Americans will experience extreme heat on Friday (July 18) across a region spanning from the Northern Rocky Mountains through the Mid-Atlantic to the Gulf Coast. Simultaneously, Canadian wildfire smoke is affecting air quality for around 87 million people across the Northeast, Mid-Atlantic, and Midwest regions. Some 70 million Americans are facing both heat and smoke threats concurrently.

According to Drop Site, Consensys unknowingly granted a software developer linked to North Korea system access for approximately one month earlier this year. The developer, operating under the alias Tyler Knapp, was introduced to the company through a third-party service provider and worked as a consultant before the threat was discovered. Consensys General Counsel Matt Corva confirmed to Cointelegraph that the company immediately terminated access and launched a comprehensive investigation, whi