Gate Crypto Flash News and Market Updates

According to Shanghai Gold Exchange, gold (T+D) fell 0.01% to 879.0 yuan per gram in early evening trading on July 29 (Wednesday), while silver (T+D) rose 0.07% to 14,095 yuan per kilogram.

Russia's Federal Security Service charged Telegram founder Pavel Durov with facilitating terrorist activity and placed him on an international wanted list, prompting TON-linked GRAM to fall 2.91% to $1.4060 on the daily chart. The FSB alleged Telegram failed to remove content used by terrorist groups and extremist organizations, and that a Telegram chatbot called Daivinchik/Leo was used to recruit Russians for attacks on law enforcement and infrastructure. According to Russian authorities, 46 Ru

According to BIS, the central bank's monthly economic report warned that artificial intelligence hype is blurring economic signals and increasing the risk of major policy mistakes by central banks. AI's impact on investment, trade, and asset prices has reached "observable" scale sufficient to influence global economic prospects in real time, the bank said, while US data center and IT manufacturing spending has risen to 0.8% of GDP and AI-driven stock price gains are boosting consumer spending. B

According to Korea Exchange, Samsung Electronics and SK Hynix fell 17.91% over two trading days through July 29, wiping out approximately 537 trillion won in combined market value despite posting record earnings. Single-stock leveraged exchange-traded funds linked to the two semiconductor leaders recorded losses of up to 43% as foreign investors concentrated selling pressure on South Korea's top two chip manufacturers.

According to Bitcoin.com, digital asset wealth platform Nexo announced completion of its European Economic Area (EEA) operational restructuring to comply with the EU's Markets in Crypto-Assets Regulation (MiCAR). Rather than pursuing a single MiCAR license, Nexo partnered with two BaFin-regulated institutions: Tangany, holding MiCAR authorization and providing segregated digital asset custody infrastructure, and DLT Finance, authorized under both MiCAR and MiFID II, providing brokerage and execu

According to Lookonchain data, a trader bought 3,128 ETH six months ago for approximately $5.95 million. Today, the trader deposited all 3,128 ETH to Coinbase, facing a loss of over $3.87 million, representing a 65% decline. The deposit suggests the trader may be preparing to sell at a loss.

According to JP Morgan, hedge funds have completed 90% of deleveraging as South Korean leveraged ETF unwinding concludes. The report notes that while volatility may persist in the coming days, overall market conditions have become more attractive for investment.

According to Elliptic, on July 29, daily average trading volume for the ruble-pegged stablecoin A7A5 has plummeted approximately 96% since its July 2025 peak, as U.S., U.K., and EU sanctions have frozen USDT with A7A5 traces on compliant exchanges and prompted Uniswap to delist the token. The stablecoin has ceased new issuance since July 2025. The situation intensified after the primary trading platform Grinex reported a hacking incident in April 2026, resulting in significant fund theft and eff

According to Bloomberg on July 29, value investing focused on undervalued assets held long-term is gaining attention as investors express concerns over the sustainability of AI investments. Bloomberg highlighted Francisco García Parameés, a 62-year-old value investment fund manager known as the "Warren Buffett of Spain," who has maintained a roughly 40-year investment track record.

According to Lookonchain monitoring, a trader deposited all 3,128 ETH to Coinbase today to sell at a loss. The trader had purchased the ETH six months ago and now faces unrealized losses exceeding $3.87 million, representing a -40% decline from the initial purchase price.

According to Herald Economy, South Korea's KOSPI index fell 28.94% in July, sliding from 8,476.48 to 6,023.66 by July 28, marking the worst monthly performance since 1990—exceeding declines during the 1997 Asian financial crisis and 2008 global financial crisis. The benchmark's market capitalization eroded by 24.56 trillion Korean won (32.97%), with foreign investors net-selling 17.91 trillion won this month, primarily targeting semiconductor stocks. Samsung Electronics and SK Hynix collectively

According to Yonhapnews, South Korea's government and industry have established an AI Data Center (AIDC) coalition, aiming to develop AI data centers into a next-generation export industry through public-private collaboration.

According to Morgan Stanley's Mike Wilson, who spoke with CNBC on July 27, the recent selloff in tech stocks—where earnings beat but share prices decline—reflects market repricing after AI growth expectations were priced in early. Wilson noted that cloud, semiconductor, and memory sectors have adjusted substantially and the current market correction may be approaching its end. Morgan Stanley maintains its year-end target of 8,000 for the S&P 500, though near-term volatility is likely amid Federa

According to Beating, Coursera invested $100 million in LearnVector, an AI education company founded by Andrew Ng, acquiring approximately one-third of the company today, July 29. LearnVector is developing an AI tutoring system that personalizes learning based on individual progress and plans to launch its first product in early 2027. Coursera will provide course content and global user access to support the platform, which targets working professionals and adult learners.

According to Jinshi Data, Zijin Mining's subsidiary Zijin Gold International today (July 29) terminated its previously announced acquisition of Endeavour Mining for CAD 55 billion (USD 4 billion) at CAD 44 per share, citing inability to meet transaction closing conditions. Instead, the two parties signed a share subscription agreement under which Zijin will acquire 12.8 million ordinary shares (9.2% stake) at CAD 32.55 per share for a total of CAD 416.6 million (USD 295 million). No termination

According to Yonhapinfomax, the USD/KRW exchange rate recovered to 1,451.50 won during London trading hours on July 29, down 11 won from the previous Seoul close of 1,462.50 won. Earlier in the day, the pair had fallen to 1,442.60 won, the lowest level since February 27, driven by SK Hynix ADR conversion sales and month-end export company negotiation volumes. Low-price buying interest in the London session helped pare losses. Concurrently, the dollar index weakened in Asia, adding downward press

According to Iran's Mehr News Agency, on July 29, Iran denied claims of continuous information exchange and communication with the United States through different channels, dismissing such reports as false.

According to BlockBeats, Microsoft, Meta, and Qualcomm will report earnings after the U.S. market closes on July 29, with investors scrutinizing capital expenditure guidance amid concerns about AI investment returns. Microsoft is expected to post revenue of $87.6 billion and earnings per share of $4.24, with Wall Street focused on Azure growth rate, Copilot commercialization progress, and potential capital expenditure guidance for fiscal 2027. Meta faces pressure over AI spending, with projected

According to UK Office for National Statistics data cited by Jin10, London's population decreased by approximately 27,000 to about 9.1 million in mid-2025, marking the first decline since the 1980s outside of the pandemic period. The decline reflects rising housing and living costs pushing residents to relocate to other regions of the UK, with London being the only area in England to experience population loss last year.

Marvell Technology announced on Wednesday, July 29 that it will invest $250 million in India over the next three years to expand research and development, talent acquisition, and infrastructure while doubling its workforce in the country. The chipmaker, which designs semiconductors for data centers, networking, and storage, aims to strengthen capabilities in artificial intelligence, cloud computing, and data infrastructure. Marvell will expand its Bangalore office and scale its Hyderabad operati