Gate Crypto Flash News and Market Updates

According to Beating, OpenAI president Greg Brockman acknowledged that Kimi K3 from Moon Dimension is "quite good," while noting that the gap between Chinese and U.S. AI models may be only about four months. Brockman stated it remains too early to determine whether Kimi enhanced its capabilities through distillation of OpenAI's model, and that OpenAI will continue monitoring the situation. He added that future competitive advantage will depend less on whether models are open-source and more on w

According to local residents, Ukrainian drones attacked a Russian oil refinery near a key Russian logistics center on July 23, with explosions reported in the area.

According to Report.az, Kazakhstan's government approved strategic digital mining rules on July 23, granting operators 10-year electricity quota rights from energy producers. As a condition for obtaining the quota, enterprises must transfer a portion of their mining output to the national strategic cryptocurrency reserve, managed by the State Investment Company under the National Bank. Operators seeking to participate must submit applications through the E-licensing database for committee review

On July 22, Baidu received confirmation from Hong Kong Stock Exchange (HKEX) for its application to convert to dual primary listing, according to the company's official announcement. The primary listing conversion is expected to take effect within 2026, pending HKEX approval. Upon conversion, Baidu will maintain primary listings on both HKEX and Nasdaq.

According to Reuters, Amazon cut jobs in its artificial general intelligence (AGI) unit on July 22, marking the company's second round of layoffs this year following 16,000 employee cuts in January. The cuts affect teams under AGI data services and AGI information leadership, though the specific number of positions eliminated was not disclosed. An Amazon spokesperson told Reuters that AGI remains a strategic priority, but the company made the "difficult decision" to eliminate certain roles to fo

According to BlockBeats, on July 23, GME tokenized stock on Robinhood Crypto reached approximately 10x premium versus real stock price amid surging trading activity. The underlying liquidity pool, with only $200,000 in size, saw rapid price deviation due to heavy buy pressure. Official Mint addresses are continuously increasing token supply and replenishing liquidity to the market, with on-chain data showing new Mint transactions occurring roughly every minute to narrow the premium and realign p

According to Artemis data, on July 21, Robinhood Chain recorded 323,969 daily active users, exceeding Base's 274,520 for the second time since mainnet launch on July 1. The chain's TVL hit a new high of $589 million, up 14% in a single day and surging from under $5 million at the end of June. Spot DEX 24-hour trading volume reached $624 million, also exceeding Base's $603 million. On-chain stablecoin supply grew to $438.8 million, up 30% weekly.

According to Huobi HTX official spokesperson Molly, the exchange is launching a new $HTX token unlock scheme with significant improvements. The upgraded plan now supports using BTC and $HTX to participate in unlocks, enables collateral-free asset staking for unlocking, and increases the fee-to-unlock conversion rate from 20% to up to 50%. The scheme also consolidates staking yields and mining rewards into dual-income streams and supports zero-fee unlocking. All previously locked $HTX tokens will

According to Hyperinsight monitoring, SPCX on Hyperliquid fell to approximately $116 today (July 23), marking a 14.1% decline from its $135 IPO price and a 49.6% drop from its $230 peak. The asset touched a low of $114.48 earlier in the session. A major bull-positioned address incurred a loss of $1.23 million amid the continued downward pressure.

According to Tesla's quarterly earnings released on July 22, the company reported Q2 revenue of $28.236 billion, up 26% year-over-year, but net profit declined 5% to $1.114 billion. Adjusted net income fell 17% to $1.153 billion. Key metrics underperformed expectations: Q2 EPS came in at $0.33, missing analyst forecasts by over 35%, while gross margin contracted to 16.8% versus expected 19.4%. Operating profit plummeted 57% year-over-year to just $398 million, representing less than 30% of marke

According to Hyperinsight, a whale at address 0x3527 has accumulated over $1.24 million in unrealized losses on SPCX long positions since July 16, with a return rate of -174.5%. The whale is holding 20x leveraged SPCX longs at an average entry price of $127.1, with a position value of approximately $12.96 million. As of July 23, SPCX traded at approximately $116, down 49.6% from its $230 peak and 14.1% below the $135 IPO price.

According to Yonhapinfomax, South Korea's President Lee Jae-myung on July 23 pointed out regulatory gaps in mortgage lending for ultra-luxury properties during a national real estate policy forum held at KBS in Seoul. He highlighted that while home purchase loans for high-priced properties are tightly restricted, owners can circumvent these restrictions by using their properties as collateral for business loans, enabling large-scale financing without limits. The President questioned whether borr

According to CoinGecko, trading volumes at South Korea's five major cryptocurrency exchanges fell to approximately 1% of KOSPI levels during July 1–21, marking a severe liquidity drought. The decline reflects prolonged market weakness, with capital migration toward the booming stock market and outflows to overseas exchanges.

According to Zhitong Finance, Dizhe Pharmaceutical (江苏迪哲医药股份有限公司)'s Hong Kong IPO prospectus, initially submitted on January 23, 2026, expired on July 23, 2026, as it exceeded the six-month validity window. Goldman Sachs and China International Capital Corporation served as joint sponsors for the proposed offering.

According to Token Terminal data cited by ChainCatcher, the tokenized stock market cap reached a record $2.3 billion on July 21, nearly doubling from $1 billion in March. On the same day, Ondo Finance's token-issued stock circulating supply (514.5 million shares) and holder count (93,880), Backed Finance's tokenized market cap ($579.4 million), and Robinhood Chain's token-issued stock count (126,720 shares) and holders (36,170) all set new highs. dYdX's Arcus exchange recorded $11.9 million in d

Hong Kong stocks closed strongly today, with the Hang Seng Index rising 278 points or 1.12% to 25,170 as of 10:47 AM HK time, according to HKEJ market data. The index had climbed over 300 points intraday, briefly reaching 25,196 before paring gains. The National Index gained 86 points or 1.04% to 8,337, while the Tech Index added 21 points or 0.46% to 4,689. Tech giants rebounded strongly. Tencent rose 1.8% to HK$448.60, while Meituan, Baidu, and Kuaishou each gained between 1.3% and 1.7%. The o

According to Bloomberg, Wall Street banks including Bank of America and Morgan Stanley have begun trading a $35 billion financing package for Broadcom and Anthropic's AI infrastructure expansion. Apollo Global Management arranged the package with Blackstone, with bonds priced at approximately par value (100-100.5 cents on the dollar). The borrower is a special-purpose vehicle that purchases chips developed by Google and Broadcom and leases them to Anthropic. The delayed-draw structure enables fu

According to The Block, Upright Assets (Korea's major financial group) completed its acquisition of crypto exchange Korbit today, July 23. The company acquired 92.06% of Korbit's shares for 133.4 billion Korean won, approved on July 9. Korbit confirmed that operational entities, user deposits, and personal data handling remain unchanged.

According to Jin10, China's Securities Regulatory Commission (CSRC) held a series of meetings on July 20-21 with investors, listed companies, industry institutions, and experts to gather feedback on promoting stable and healthy capital market development. Regulating quantitative trading and AI applications, along with strengthening enforcement against market violations, emerged as core discussion topics. Industry experts noted that while quantitative trading itself is permissible, it must not be