Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
07:17

Crude Oil Approaches $100/Barrel as U.S. Strategic Reserve Hits 1983 Low on July 25

According to BlockBeats, on July 25, crude oil prices approached the $100/barrel psychological threshold amid escalating tensions in the Middle East. The U.S. Strategic Petroleum Reserve (SPR) has declined to 311 million barrels—the lowest level since 1983—limiting policy options available to the Trump administration. Analysts warn that if shipping disruptions in both the Red Sea and Strait of Hormuz occur simultaneously, oil prices could reach approximately $124/barrel in August. The U.S. faces
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07:16

Samsung and Broadcom Sign $200B+ AI Chip Partnership Through 2030

According to Yonhap Infomax, Samsung Electronics and Broadcom signed a strategic partnership memorandum on July 24 to collaborate on advanced semiconductor infrastructure through 2030 with over $200 billion in planned investment. Under the agreement, Samsung will supply advanced memory products including HBM (high-bandwidth memory) for Broadcom's next-generation AI accelerators, while Broadcom's chipsets will leverage Samsung's sub-2-nanometer foundry processes and advanced packaging technologie
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07:13

Tech Giants' Record AI Capex Strains Credit Markets; Alphabet Raises Outlook This Week

According to market observers, record capital expenditure on AI infrastructure by Alphabet, Amazon, Meta, and other cloud giants is raising credit concerns this week. Corporate bond credit spreads have widened notably, and credit default swap premiums are rising across the sector, signaling debt investors are demanding higher risk compensation from once-deemed ultra-safe issuers. Alphabet upwardly revised its full-year capex guidance this week, triggering a jump in its corporate bond yields. Miz
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07:07

Austrian Official Opposes Fast-Track EU Accession for Ukraine on July 25

According to Jin10, on July 25, Austria's Europe, Integration and Family Minister Claudia Bauer opposed establishing a fast-track process for Ukraine's EU accession, stating that Ukraine must follow standard procedures. Bauer cited differences in Ukraine's agricultural structure compared to existing EU member states and emphasized that all countries applying to join the EU should follow the same rules and meet accession requirements through reforms and proven performance.
07:06

Beijing Lianjia Expands 'Neighborhood Open Days' to 67 Communities, Boosting Viewing Turnout 2.6x Since Late March

On July 25, Beijing Lianjia expanded its 'Neighborhood Open Days' initiative to 67 residential communities, including Huilongguan, Wangjing, Wudaokou, and other neighborhoods. According to the company's data, communities hosting open days saw average viewing volume increase 2.6 times on event days. The program combines home viewing with on-site renovation consultations and community experience tours. Visitors inspect furnished units, tour renovation projects featuring identical floor plans, and
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07:02

SpaceX Stock Drops to $110.85 This Week, Morgan Stanley Says $100 Price Would Zero Out AI Business Value

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.
07:01

DeFi Platform Dango Halts Trading on July 29, Shuts Down L1 Network on August 13

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.
ETH-1.56%
06:55

Korean Retail Investors' U.S. Stock Net Purchases Hit $2.53B in July, Up 4x Month-over-Month

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
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06:51

Wildberries Warehouse in Russia Hit by Ukrainian Drone Strike

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.
06:41

Robinhood and Crypto.com Discuss Prediction Market Partnership on July 25

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.
OG-0.38%
06:31

Economist Warns Korean Retail Investors Trapped in Leveraged ETF 'Casino,' $10B Inflows Magnify Market Volatility

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
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06:30

Hyundai to Produce Autonomous Ioniq 5 at Georgia Plant for Waymo Robotaxi Service

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.