Gate Crypto Flash News and Market Updates

According to BlockBeats, on Tuesday, July 29, storage stocks fell sharply on the back of market weakness. Sandisk (SNDK.O) dropped 14%, erasing over 50% of its value from a high hit about one month ago. Micron Technology (MU.O) fell 8.85% and SK Hynix (SKHY.O) declined 8.98%. The broader market was mixed, with the Dow Jones Index gaining 1%, the S&P 500 rising 0.2%, and the Nasdaq declining 0.2%.

Skyworks Solutions reported third-quarter revenue of $935 million, surpassing analyst expectations of $924.9 million. Adjusted earnings per share came in at $1.08, exceeding the consensus estimate of $1.03. The company guided fourth-quarter revenue to $1.01 billion to $1.06 billion, with analysts expecting $1.03 billion.

On July 28, U.S. storage chip stocks dropped 9.1% in preliminary trading, with the Philadelphia Semiconductor Index declining 4.4%. The Nasdaq-100 Index fell 1%, while the S&P 500 Index rose 0.2%. Among Nasdaq-100 components, SanDisk led declines with a 13.8% drop, followed by Nebius Group at 10.5% and Seagate Technology at 9.1%.

According to WSJ, on July 29, the Trump administration proposed exempting commercial space companies from certain environmental review processes to accelerate commercial rocket launch approvals. The policy is expected to benefit multiple companies including SpaceX, Rocket Lab, Blue Origin, and Stoke Space, potentially shortening their launch approval timelines as the U.S. anticipates over 500 commercial aerospace launches annually.

According to BIT (bit.com), on July 29, SpaceX rose over 3% to near $117 per share, with market capitalization recovering to $1.54 trillion.

According to ICE Futures Exchange, Brent crude oil futures for September delivery closed at $84.09 per barrel on July 28 (local time), down 4.8% from the previous trading day. This marks the third consecutive day of sharp declines, driven by growing optimism over U.S.-Iran dialogue resumption following a pause in American airstrikes against Iran.

According to foreign media reports, on July 29, employees from OpenAI and Anthropic are circulating a petition urging the U.S. government to establish a mechanism to help "deliberately control" the pace of artificial intelligence development and prevent the technology from advancing too quickly. The petition warns that AI development speed may exceed humans' ability to "understand or control," posing "concrete risks." According to insider sources and a copy of the petition, workers from leading

According to Blockaid's H1 2026 report published Tuesday, crypto projects lost more than $1 billion to hacks during the first half of 2026, with verified exploit incidents reaching a record high. The firm called H1 2026 the "most-hacked half-year on record" in terms of incident count, noting it verified more exploits in the first six months alone than throughout all of 2025. Ethereum and Solana projects were the most-affected chains, losing $332 million and $326 million respectively.

According to official announcement, AI voice company Fish Audio raised $52 million in seed funding and launched its next-generation voice model S2.1 Pro on July 29. The model can clone voices from just five-second audio samples, with generation speed approximately 2x faster than Cartesia and production costs about one-sixth of ElevenLabs. S2.1 Pro supports word-level emotion, tone, and speed control and is described as one of the most expressive voice models available. Companies including HeyGen

According to Evernorth, XRP is designed to serve as a settlement rail for modern finance, enabling institutions to move value across borders faster and more efficiently. Evernorth Chief Business Officer Sagar explained that XRP functions as infrastructure for real-time transactions, allowing liquidity to move seamlessly between traditional financial systems and blockchain with fast, final settlement. Evernorth highlighted several XRP Ledger features under development: BATCH for processing thousa

According to Jin10, the U.S. Dollar Index fell 0.12% on July 28 to close at 101.417 at the end of New York trading. EUR/USD rose to 1.1387 from 1.1368; GBP/USD climbed to 1.3289 from 1.3288; USD/JPY advanced to 163.86 from 163.78.

According to Jin10, NVIDIA CEO Jensen Huang reiterated support for open-weight artificial intelligence models on July 29, following a meeting with U.S. Congressional members in Washington. Huang emphasized that open-weight models are critical for ensuring AI safety, reliability, and broad economic adoption. "For the U.S. industry, we need open-weight models to safeguard security and ensure their safety and reliability," Huang told reporters. "This is also vital for maintaining industry vitality.

According to the UK Maritime and Coastguard Agency, a tanker captain reported hearing an explosion while transiting the southern Red Sea. The maritime office confirmed that all crew members and the vessel remained safe. No environmental damage has been reported, and vessels have been advised to exercise caution when navigating the area.

According to Michael Saylor, Strategy executive chairman, Bitcoin's consensus rules constitute an immutable "constitution" that must not be rewritten. In a nine-post thread on X on Tuesday, Saylor argued that any protocol modification—whether BIP-110 (which restricts non-financial data like Ordinals), covenants, or larger-block proposals—represents a "constitutional offense" that confiscates participants' economic rights. "Bitcoin's consensus rules are its constitution," he wrote. "To rewrite th

According to Kitco News, the Consumer Confidence Index fell to 90.8 in July, below economists' consensus forecast of 92.3 and down from June's revised reading of 92.2, the Conference Board announced on Tuesday. The Present Situation Index declined by 3.6 points to 114.9 for its third consecutive monthly decline, while the Expectations Index remained unchanged at 74.7. In response, spot gold traded at $4,029.86 per ounce, down 1.14% on the daily chart.

On July 27, U.S. District Judge Katherine Menendez blocked Minnesota from enforcing its prediction-market ban (SF 3432) against CFTC-registered markets, determining that contracts such as Senate elections, World Cup winners, and Strait of Hormuz reopenings likely qualify as federal swaps under exclusive CFTC jurisdiction. The injunction prevented enforcement days before the statute was scheduled to take effect August 1. Judge Menendez ruled that Kalshi and Polymarket US, both operating as CFTC-d

According to The New York Times, U.S. oil and gas executives have cashed out nearly $400 million in company stock since the Iran war sparked energy supply tensions and lifted oil prices. Analysis of SEC filings by environmental group Friends of the Earth found that ConocoPhillips executives led the selling spree with approximately $96 million in stock sales, followed by liquefied natural gas exporters Cheniere Energy and Venture Global. ConocoPhillips Chief Executive Officer Ryan Lance alone sol

On Tuesday, July 28, the U.S. dollar rose 0.05% against the Japanese yen to 163.81 at the New York close, trading within a range of 163.64-163.95 for the session. The euro gained 0.24% against the yen, while the British pound rose 0.08%.

According to ICE data, the U.S. Dollar Index fell 0.14% to 101.396 points in New York late trading on Tuesday (July 28), with an intraday range of 101.640-101.258 points. The Bloomberg Dollar Index declined 0.07% to 1221.38 points, trading between 1223.69-1220.08 points.

According to the U.S. Treasury Department, on July 28, the 7-year Treasury auction set a yield of 4.473%, up 21.3 basis points from the previous month's 4.260% and marking the highest level since December 2024. The $44 billion auction saw a bid-to-cover ratio of 2.49 times, consistent with the six-auction average. Indirect bidders—representing foreign demand—accounted for 70.1% of accepted bids, surging 12.5 percentage points from the prior month and reaching the highest level since August of la