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
18:26

Hyundai Denies Humanoid Robot Plan Is Part of Current Labor Talks with South Korean Union

According to Hyundai, the company denied on July 22 that its humanoid robot deployment plan is part of current labor negotiations with striking autoworkers at its South Korean facility. The automaker stated that the union's demands focus on compensation-related issues such as wage increases, bonuses, and workers' retirement age extensions, not robot deployment concerns. Hyundai's current Atlas humanoid robot deployment plan is limited to Metaplant America, an electric vehicle factory near Savann
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18:14

Mizuho Warns Clarity Act Could Erode Circle's USDC Revenue Long-Term

According to Mizuho analysts led by Dan Dolev, the Clarity Act could negatively impact Circle over the long term by attracting increased competition in the stablecoin market. Mizuho argues that regulatory certainty from the Clarity Act will commoditize USDC, eroding Circle's revenues as competitors enter the space. The analysts cited Open USD, backed by over 140 companies including Visa, Mastercard, Stripe and Coinbase, as a significant threat. Unlike Circle, which retains approximately 38% of U
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USDC-0.02%
18:14

Benchmark Raises Hut 8 Price Target to $195 on Beacon Point AI Campus Commercialization, 18% Increase

According to Benchmark Equity Research, on Wednesday the firm raised its price target for Hut 8 Mining (HUT) to $195 from $165, an 18% increase, following the full commercialization of the company's Beacon Point AI campus in Texas. This marks Benchmark's second target hike for HUT this month, as analyst Mark Palmer previously raised the target to $165 from $85 last week after incorporating the first phase of Beacon Point into his valuation. Hut 8 announced Monday that it signed a second 15-year
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18:13

Senator Warren Asks GAO to Review CFTC Layoffs

On July 22, Senator Elizabeth Warren sent a letter to the Government Accountability Office (GAO) requesting a review of layoff decisions by the Commodity Futures Trading Commission (CFTC). Warren, a senior Democratic member of the U.S. Senate, directed the GAO to examine the circumstances and impact of the CFTC workforce reductions.
18:09

Libbitcoin Server Completes Bitcoin Node Sync in 55 Minutes With GPU Signature Verification

According to ChainCatcher, the latest version of Libbitcoin Server completes a full Bitcoin node initial block download in 55 minutes with GPU-based signature verification. Developer @evoskuil stated the acceleration comes from a new system that processes ECDSA and Schnorr signatures in parallel with standard script verification, rather than as a separate step. The system captures signatures during validation, batches them, and processes through GPU while other verification continues, achieving
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BTC-0.45%
18:07

Anthropic Joins FCA's Supercharged Sandbox; Second Cohort Sees 51% Rise in Applications

On Wednesday, Anthropic joined the UK Financial Conduct Authority's (FCA) second Supercharged Sandbox cohort, providing its Claude AI models to participating financial firms. The second cohort includes 21 organizations, among them Scottish Widows, Money Advice Trust and TrueLayer. Participants will access Claude to develop applications spanning fraud detection, compliance automation, and AI governance. The FCA received 199 applications for the latest group, up 51% from the first round, reflectin
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18:01

SEC Commissioner Peirce Says Crypto Vaults and Onchain Lending May Fall Under Securities Laws

According to SEC Commissioner Hester Peirce on Wednesday, crypto vaults and onchain lending products may fall under U.S. securities laws if they involve discretionary asset management, such as allocating assets, selecting yield strategies, setting lending terms, or determining liquidation thresholds. Peirce stated in an official statement that some vaults could be treated as securities offerings or investment companies, while parties managing vault allocations or lending parameters could trigger
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18:01

Intel Q2 Earnings Due July 23 as Data Center Revenue Expected to Rise 36%

Intel will report Q2 earnings on July 23, with market consensus expecting revenue growth to mark the fastest pace in nearly six years, driven by surging demand for AI infrastructure and CPUs supporting AI agents. According to analyst estimates compiled by LSEG, Intel's Q2 revenue is forecast at $14.42 billion, up 12.1% year-over-year, with adjusted earnings per share of $0.21. The data center and AI segment is expected to see revenue surge 36.4% to $5.37 billion, marking the quarter's key highli
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18:01

Iranian Military Official Warns US Strike on Nuclear Facilities Would Escalate Regional Conflict

According to Russian satellite news agency Sputnik citing Iranian military sources, a senior Iranian military official warned that any U.S. strike on Iran's nuclear facilities would represent a dangerous escalation and trigger a new level of regional confrontation. The warning follows reports that Israel has informed the U.S. that Iran has relocated thousands of uranium enrichment centrifuges to an underground facility beneath Mount Kouh.
17:59

Gold Mine Collapses in Kenya's Narok County on July 22, Killing at Least 5 Miners

According to Kenya's Narok County Police Commander Patrick Lobolia, a gold mine in southwestern Narok County collapsed on July 22, killing at least 5 miners. Continuous heavy rainfall triggered the mine shaft collapse, and rescue operations are ongoing, though progress is slow due to lack of professional underground detection and rescue equipment. Several survivors have been rescued and are receiving treatment at nearby medical facilities.
17:58

Bluecore Deploys 70-Year-Old Nuclear Reactor Technology on Barges This Week

Bluecore founder and CEO Kofi Asante announced earlier this week that the company has adapted nuclear reactor technology, which has safely operated power plants for seven decades, by scaling it down and installing it on barges. According to Asante, this approach creates a floating power plant capable of generating electricity.
17:56

Senate Committee Advances Auto Bill with 15% China Ownership Cap That Could Bar Mercedes-Benz

According to CNBC, the Senate Commerce Committee advanced bipartisan legislation on Wednesday (July 21) aimed at tightening restrictions on Chinese automakers, though the bill's 15% Chinese ownership threshold could unintentionally bar Mercedes-Benz from the U.S. market. Committee Chairman Ted Cruz noted that two Chinese investors collectively own nearly 20% of Mercedes-Benz: state-owned automaker BAIC holds 9.98% and Geely founder Li Shufu holds 9.69%, exceeding the proposed limit. The Motor Ve
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17:55

U.S. Explores Nuclear Power Plants in 3.2 Billion Acres of Federal Waters

On July 22, the U.S. Bureau of Ocean Energy Management (BOEM) and the Nuclear Regulatory Commission (NRC) announced a partnership to explore deploying underwater nuclear power stations in federal waters under U.S. government management. The agreement aims to assess the feasibility and conditions for implementing this technology responsibly. BOEM noted that no commercial nuclear power plants have been approved or are currently planned within federal waters, but the partnership will evaluate how a
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17:55

Kalshi Hires Dedaj as Litigation Head Amid Prediction Market Legal Push

Kalshi hired Jovalin "Jovy" Dedaj as head of litigation in July, strengthening its internal legal team amid growing regulatory scrutiny. Dedaj previously served as assistant general counsel at Interactive Brokers LLC. Other prediction market platforms including Polymarket, ProphetX, NoVig Betting, Underdog Sports Holdings, and OG.com have appointed new legal heads since last year.