Gate Crypto Flash News and Market Updates

According to ChainCatcher, on July 22, Dritan Kapllani Jr laundered 126.7 ETH valued at approximately $239,000. The suspect, investigated by chain detective ZachXBT, is alleged to have stolen cryptocurrency assets totaling $19 million through social engineering tactics.

According to Morgan Stanley, SpaceX's stock falling to $100 per share would imply the market values its AI business at zero. The company went public in mid-June with an $86 billion valuation and hit a low of $110.85 this week, down 18% from its IPO price. The bank issued a $300 per-share price target, with more than half derived from AI business valuation. SpaceX has leveraged its Starlink satellite network to offer low-latency data transmission services for large language model training.

According to BlockBeats, DeFi platform Dango announced on July 25 that it will cease operations, citing inability to find a viable path to long-term commercial success. Trading will suspend on July 29 at 12:00 UTC, with remaining positions settled at oracle prices and DLP Vault deposits unlocked; all funds will return to users' spot accounts in USDC. The Dango L1 blockchain will shut down on August 13 at 12:00 UTC, with unwithdrawed funds returned to users' Ethereum deposit addresses.

According to the Korea Financial Investment Association and Korea Securities Depository, Korean retail investors' net purchases of U.S. stocks reached $2.53 billion in the first 23 days of July, a fourfold increase from June's $633 million. The shift reflects heightened volatility in South Korea's domestic stock market, which triggered circuit breakers on 10 consecutive trading days, prompting investors to seek relatively stable U.S. equities. Among specific holdings, the Direxion Daily Semicond

According to market reports, Wildberries' warehouse in Yekaterinburg, Russia was struck by a Ukrainian drone strike. The facility, located approximately 1,750 kilometers from the Russian-Ukrainian border, is operated by Russia's largest e-commerce company.

According to WSJ, Robinhood and Crypto.com are in talks on July 25 to expand the platform's prediction market offerings. The two companies plan to integrate Crypto.com's prediction market contracts into Robinhood's trading interface, allowing users to trade binary yes-or-no contracts directly. Crypto.com launched its standalone prediction market platform OG earlier this year and began offering prediction contracts through its derivatives business in late 2024.

According to CryptoQuant analyst Darkfost, stablecoin inflows to exchanges have dropped to their lowest level since 2025. Current monthly inflows of USDT and USDC average $2.3 billion, with annual inflows around $3.7 billion, compared to $5.6 billion monthly and $4.3 billion annually when Bitcoin reached its all-time high.

According to Xinhua, Elon Musk recently stated that China is very strong in robotics and artificial intelligence, and very likely to become an AI leader at some point.

According to The Economist on July 24, the publication warned that Korean retail investors have become trapped in leveraged exchange-traded funds (ETFs), comparing the market to a casino as extreme speculation amplifies volatility. South Korean individuals have poured approximately $10 billion into leveraged ETFs this year, with daily rebalancing mechanisms forcing additional purchases on rallies and forced selling on declines, further destabilizing the market. The weekly magazine noted that sin

According to Yonhap Infomax, Hyundai Motor Group Chairman Euisun Chung announced on July 24 that the automaker plans to produce autonomous-driving-specialized Ioniq 5 vehicles at its Georgia factory for deployment in Waymo's robotaxi service. The announcement was made during an AI summit in San Francisco, where Chung emphasized deepening collaboration with big tech companies including Nvidia, Waymo, and DeepMind to advance physical AI capabilities.

According to Romania's Defense Ministry, Romanian F-16 fighter jets shot down a second unmanned aerial vehicle that invaded the country's airspace today.

According to Guru Club, New York crude oil fell below $90 on July 25, declining more than 2% intraday.

According to The New York Times, on July 25, President Trump switched aircraft while departing Turkey after attending a NATO summit due to a potential threat from Iranian proxy forces. U.S. Secret Service officials discovered that Iran-backed groups may have planned an attack targeting Trump and his aircraft, prompting the recommendation to abandon the Qatar-donated Boeing 747-8—which lacked advanced defensive systems comparable to the traditional Air Force One—in favor of an older Air Force One

According to ChainCatcher, on July 25, BKX Services Inc. and David Namdar filed a class-action lawsuit in U.S. District Court for the Southern District of New York alleging BitMEX manipulated liquidations and stole approximately 623 BTC in collateral. BKX reported losses of at least 305.81 BTC, while Namdar lost over 316.85 BTC. The plaintiffs claim BitMEX allowed up to 100x leverage but forced liquidations when collateral was still worth roughly double the losses, with remaining Bitcoin funnele

According to ChainCatcher, Mirae Asset has completed its 97.15% acquisition of Korbit, South Korea's earliest cryptocurrency exchange, and rebranded it to Digital X. The company plans to position Digital X as an intelligent investment platform integrating real-world assets, security tokens, stablecoins, traditional assets, and digital assets within a unified ecosystem. Mirae Asset stated it will focus on investor education, research, strict compliance standards, and institutional-grade infrastru

According to BlockBeats, on July 25, data shows that since January 2004, broad money supply (M2) growth in major developed economies has significantly exceeded nominal GDP growth: Canada's M2 rose 368% versus GDP growth of 159%; the U.S. saw M2 increase 279% versus GDP growth of 171%; France's M2 grew 258% versus GDP growth of 84%; the eurozone's M2 increased 211% versus GDP growth of 102%; and Japan's M2 rose 90% versus GDP growth of 25%. The expansion has been driven by two decades of low inte

Russia's Defense Ministry reported overnight that its air defense systems shot down 328 Ukrainian drones.

Lanacheng Biotech, a radiopharmaceutical company focused on oncology diagnostics and treatment, recently filed for a main board listing on the Hong Kong Stock Exchange, with China International Capital Corporation serving as exclusive sponsor, according to the company's prospectus. The Yantai-based company has completed four rounds of external financing since its 2021 founding, achieving a post-funding valuation of 3.291 billion yuan following its Series C financing in 2025. Lanacheng currently

According to Lookonchain, a whale received 579,000 HYPE tokens valued at $32.87 million from FalconX today and staked them on Hyperliquid.

According to Jin10, Nvidia CEO Huang Ren-hong joined X on July 25, posting his first message supporting open-source artificial intelligence models in a letter co-signed by Nvidia. Elon Musk responded by endorsing the post, stating, "Huang is right. I fully support."