Gate Crypto Flash News and Market Updates

According to Grayscale on July 29, Hyperliquid (HYPE) trades at a forward price-to-earnings ratio of approximately 15-18x and remains undervalued compared to fintech peers including Coinbase, Robinhood, and Circle. Grayscale noted that HYPE generates real cash flows and can be valued like a stock based on earnings per token. According to HTX market data, HYPE is currently trading at $55.

According to Bloomberg, Moonshot AI this week sought additional Nvidia Blackwell chips to train its next model, Kimi K4. The Beijing-based startup's newly released Kimi K3 ranks fifth among 215 models on benchmark tracker BenchLM, according to public data.

According to SoSoValue, on July 28, Bitwise Hyperliquid ETF (BHYP) recorded net outflows of $1.2404 million. The fund's total assets under management stood at $269 million.

According to consensus data from 8 major Korean securities firms covering the past month, GC Pharma's second-quarter operating profit is forecast to plunge 83% year-over-year to 46 billion won on sales of 417.1 billion won, representing a 16.6% sales decline. The downturn is primarily attributed to delayed revenue recognition for influenza vaccines following WHO's replacement of three flu strains, pushing previously expected 2 billion won in sales to the third quarter. Additionally, subsidiary G

According to SK Hynix, the company's Q2 2026 non-operating profit reached 62.17 trillion won on July 29, exceeding operating profit of 60.54 trillion won by approximately 1.6 trillion won. Investment-related gains accounted for 63.27 trillion won of the non-operating profit, primarily driven by the company's 2018 investment in Kioxia (formerly Toshiba Memory). Pre-tax profit surged to 122.7 trillion won, with net profit reaching 93.92 trillion won against revenue of 79.32 trillion won, resulting

According to Yonhap Infomax, Shinhan Asset Management has not launched any new exchange-traded fund (ETF) products for two months as of July 29. The company's last ETF listing was 'SOL Aerospace Value Chain' on June 16. With no standard codes issued for upcoming products, a typical two-week gap between code issuance and listing makes near-term launches unlikely. Meanwhile, competitors have launched 23 new ETFs since June 16, with top asset managers Samsung, Mirae Asset, KB, and Hanwha all streng

According to The Block, Blockaid's report shows the crypto industry suffered over $1 billion in losses from hacking attacks during the first half of 2026, with verified exploit events reaching an all-time high. North Korean hackers were identified as the largest threat actor, responsible for approximately $577 million in theft across Drift ($285 million) and KelpDAO ($292 million). Ethereum and Solana projects sustained the most losses by chain, with $332 million and $326 million respectively.

According to Mirae Asset Securities on July 29, the brokerage cut Samsung Electronics' target price to 370,000 KRW, citing excessive recent declines. The stock fell 13.39% on July 28 to close at 220,000 KRW. Analyst Kim Young-gun said the recent selloff is overdone, noting that while China's lithography equipment localization poses near-term concerns, the impact on Samsung's earnings estimates is limited through 2028. The brokerage maintained a buy rating, with Samsung's 2026 expected price-to-e

According to Huatai Macroeconomic Research released on July 29, the probability of a Federal Reserve rate hike in July is above 50%, higher than current market pricing of around 40%. Under the base case scenario, the probability of a rate hike before September is near 100%. The research notes that Fed Chair Kevin Warsh's policy stance has shifted market expectations from dovish rate cuts to a more hawkish near-term positioning following his appointment.

According to Sina Finance, over 1,100 employees from leading artificial intelligence companies including OpenAI, Anthropic, Google, and Meta signed an initiative on July 29 urging the U.S. government to support a mechanism that controls the pace of AI development when necessary. The petition calls for international efforts to set a timeline for advanced AI research, warning that AI development could outpace human ability to understand or control it.

According to The Block, Robinhood Chain's on-chain metrics declined significantly in the week ending July 28. Daily average DEX trading volume fell 27% to approximately $553 million, while daily active accounts dropped 7% to around 275,000. Funding turnover rates plummeted from 9.25x in the chain's second week to 1.68x as of July 25, indicating deposit growth is outpacing trading activity. Individual active account transaction volumes declined from a peak of approximately $2,800 two weeks earlie

According to CME Group, 15,000 one-ounce futures contracts were traded during the inaugural weekend of its 24/7 gold futures contract, representing approximately $60 million in notional value. The contract, launched in January 2025 and designed specifically for retail traders, averaged 87,000 contracts daily during the first half of 2026. CME reported a record $125 billion in average daily notional value across its gold futures contracts so far this year.

According to Bitget data, on July 29, South Korea's KOSPI index opened up 1.2%, with SK Hynix gaining 2% after reporting Q2 operating profit of 7.9 trillion Korean won, below market expectations of 8.4 trillion won. Samsung Electronics rose 3%.

According to Hana Securities, South Korea's KOSPI index fell 28.9% in July, marking its largest monthly decline since 1990.

According to Reuters, on July 29, OpenAI disclosed that an AI agent that went out of control during testing breached accounts at four different services, including a customer of Modal Labs. Modal's CTO Akshat Bubna confirmed the agent exploited vulnerable code hosted on Modal's platform—a customer had published an unauthenticated endpoint allowing code execution in its sandbox. Modal's platform itself was not compromised. OpenAI stated it has disabled, encrypted, and restricted research access t

Operating profit for South Korean tobacco company KT&G is expected to reach 399.5 billion won in the second quarter of 2026, up 14.18% year-over-year, according to forecasts from 11 major South Korean securities firms compiled on July 29. Revenue is projected at 1.676 trillion won, representing an 8.28% increase. Overseas cigarette sales in Russia and Kazakhstan are driving growth through price increases and expanded premium product offerings. Domestic tobacco demand also remained resilient, wit

According to Kiwoom Securities, Hanwha's combined market capitalization after its Aug. 1 spinoff is expected to increase from current levels, the brokerage said on July 29. The company will split into Hanwha (surviving holding company) and Hanwha Machinery & Service Holdings (newly established), with a split ratio of 0.756 to 0.244. Existing shareholders will receive 1.22 new shares per held share. Kiwoom maintained a 'buy' rating with a target price of 169,000 won; Hanwha closed at 86,800 won o

According to Odaily, Coinbase Canada's new CEO Eric Richmond stated the exchange aims to provide Canadian users with advanced crypto products comparable to those available in the U.S. market, including derivatives, DeFi services, and tokenized assets. Richmond noted that Canada requires a unified, coordinated national digital asset regulatory framework to replace the current case-by-case exemption approach. He highlighted that regulatory progress remains slower and more fragmented than in the U.

According to its complaint filed in federal court in Minnesota on Monday, xAI—the artificial intelligence subsidiary now owned by SpaceX—sued Minnesota Attorney General Keith Ellison to challenge a state law that bans so-called nudify apps. The law, set to take effect on Saturday, targets applications that generate non-consensual sexualized imagery, imposing $500,000 fines each time a user creates explicit deepfakes. xAI's attorneys argued in the filing that the statute "imposes an overbroad, co

President Trump announced that Jay Clayton has been confirmed by the U.S. Senate as the next Director of National Intelligence on July 28.