Gate Crypto Flash News and Market Updates

According to Jin10, an Iranian senior official stated on July 29 that Tehran has rejected Oman's proposed fifty-fifty joint management arrangement for the Hormuz Strait, deeming it unviable. Iran insists that only Tehran and Oman can determine arrangements based on their respective maritime zones, and refuses foreign involvement in Strait management. Tehran maintains that all shipping lanes passing through or entering the Hormuz Strait must remain under Iranian control. The official noted that t

U.S. stock index futures declined on July 29, with Nasdaq-100 futures falling over 1%, S&P 500 futures down 0.35%, and Dow Jones futures down 0.24%.

According to on-chain analyst Yu Jin, Selini Capital redeemed 495,000 HYPE from Hyperliquid staking and transferred the tokens to OKX 5 minutes ago, valued at approximately $26.8 million at current prices.

According to Yonhapinfomax, the KOSPI index plunged 12.08% (727.66 points) to 5,296.00 on July 29 afternoon, with the KOSDAQ also falling 10.40% (73.39 points) to 632.46. A Level 1 circuit breaker was triggered for the second consecutive day at noon, halting trading for 20 minutes, but selling pressure resumed after markets reopened. The KOSPI is now just 2.92 percentage points away from the Level 2 circuit breaker threshold at -15%, which has never been activated in South Korean market history.

According to Korea Securities Depository, KOSPI plunged 10.84% (732.09 points) yesterday (July 28), with the semiconductor sector leading losses. Retail investors capitalized on the selloff by making net purchases of approximately 1.0996 trillion Korean won in leveraged ETFs, accounting for 25.48% of total retail net inflows in equities that day. The KODEX SK Hynix Single Stock Leverage ETF saw the highest retail net buying at 420 billion won, followed by KODEX KOSDAQ 150 Leverage at 233.2 billi

According to Reuters, a senior Iranian official said the United States and Saudi Arabia are attempting to pressure Oman to implement an unrealistic plan concerning the Strait of Hormuz.

According to Philippines Securities and Exchange Commission Memorandum Circular No. 23 (Series of 2026), the regulator has introduced VERITAS (Verification of Electronic Records and Information Trust and Authentication System), a blockchain-powered platform for digital signing and authentication of regulatory documents. The system will integrate with the SEC's existing eSECURE and eSAP platforms, enabling incorporators, directors, officers, and authorized representatives to digitally execute fil

According to investment banking sources, Keystone Partners completed the acquisition of SSP, a semiconductor equipment manufacturer, this week with the final payment. The private equity firm had signed a memorandum of understanding with SSP in April and was set to finalize the 100% stake acquisition by late July.

According to BlockBeats, investor Michael Burry has profited from shorting semiconductor stocks and the SOX Semiconductor Index since late June. As of the July 28 market close, his short position in Applied Materials (AMAT) showed unrealized gains of approximately 34.7%, the highest among his semiconductor bets. The SOX Index shorts gained about 23.3%, Micron Technology approximately 22.0%, and Nvidia approximately 0.5%. Burry began shorting AMAT, Nvidia, and the SOX Index around June 30, with a

According to Jordan News Agency, Jordan downed 5 missiles from Iran today (July 29).

UBS reported second-quarter net profit of $2.80 billion on July 29, beating analyst expectations of $2.47 billion with 17% year-over-year growth. The bank's total revenue reached $13.70 billion in Q2, up 13% from the prior year and above the estimate of $13.26 billion. Pre-tax profit for the quarter surged to $3.59 billion, up 64% year-over-year and exceeding the forecast of $3.21 billion.

According to Mirae Asset, on July 29 the South Korean financial group cut SK Hynix target price to 2.8 million won from 4.2 million won, a 33% reduction, while maintaining a buy rating. Based on July 28 closing price of 1.55 million won, the new target implies approximately 80.6% upside potential. Mirae Asset attributed the adjustment mainly to valuation contraction across the semiconductor industry amid concerns over China's domestic chipmaking progress and expected NAND contract price declines

According to Jin10 Futures, China's domestic LPG prices fell to 5,913 yuan/ton as of July 28, down 92 yuan/ton or 1.5 percent from July 22, driven by continued weakness in crude oil futures. International oil prices have been declining steadily, dampening market sentiment and cooling demand for purchases. Downstream buying pace has slowed, trading activity remains muted, and upstream pressure to move inventory is increasing, pushing prices lower.

According to founder Justin Sun's announcement, Trust Wallet added WalletConnect support for the Tron network on July 28, enabling users to directly access TronDAO decentralized applications. The integration allows Trust Wallet users to establish secure connections with Tron-based dApps through WalletConnect protocol while maintaining full self-custody control of their private keys and digital assets.

According to Citi analyst Mohamed Abaday, individual investors in South Korea have incurred estimated losses of approximately 56.3 trillion won (about $38.7 billion) in leveraged exchange-traded funds (ETFs) following the recent market decline on July 29. The losses stem from leveraged ETF asset values declining from a peak of about $52.5 billion on June 22 to approximately $27.64 billion recently. SK Hynix leveraged ETF holdings experienced the largest decline, losing about 24.74 trillion won i

According to WEEX TradFi data on July 29, the semiconductor sector rallied strongly with SOXS surging 13.02% in 24 hours, while FIGMA gained 6.21%, ADBE rose 5.40%, and CRM increased 4.46%. In the consumer sector, KO climbed 6.08% and PEP advanced 3.74%, with PYPL up 4.07% and MA gaining 3.71% in financial services.

According to PPP market monitoring tool, the probability of US-Iran peace negotiations before August 7 on Polymarket fell to 9%, down 14% in the last 24 hours. The event will be resolved based on whether U.S. and Iranian representatives initiate formal high-level peace talks by the specified date (before 11:59 PM ET).

According to Odaily, Benchmark partner Chetan Puttagunta questioned Anthropic's call for stricter model distillation regulations on X platform. Puttagunta argued that given Anthropic's estimated $1 trillion valuation and substantial resources, large-scale distillation attacks should be relatively easy to detect and track, suggesting the real cost of restricting such behavior is foregone API revenue rather than technical limitations.

According to Odaily, Ansem responded to community concerns about developers' reluctance to launch projects and heavy reliance on fee-based revenue models by proposing that builders construct on top of the ANSEM token. Ansem stated this approach eliminates token issuance risk while enabling more on-chain experimentation. Developers can gain traction and trading volume through airdrop incentives without launching their own tokens.

According to Bitget, Japan's Kioxia Holdings fell 15% on July 29, while the Nikkei 225 index declined 2.58%. SoftBank also slipped 9.74% on the day.