Gate Crypto Flash News and Market Updates

According to Tether's blog, on July 29, Tether Data's AI research project QVAC open-sourced VisionPsy-Nano, a compact vision-language model designed for edge deployment with approximately 460 million parameters. The model brings multimodal understanding capabilities previously requiring cloud infrastructure directly to mobile devices. VisionPsy-Nano achieved the highest normalized composite score of 62.3 among all edge-side vision-language models with parameters under 500 million tested to date,

According to Bitcoin News, New Hampshire Governor Kelly Ayotte signed HB 639 into law to strengthen legal protections for Bitcoin and digital assets. The legislation protects self-custody rights, exempts miners from money transmitter licensing requirements, and prohibits state and local governments from imposing cryptocurrency-specific taxes on purchases. The law also establishes specialized court procedures for blockchain-related disputes.

According to BlockBeats, pcaversaccio (pc) joined the Ethereum Foundation Board on July 29 on a voluntary basis with a one-year term. pc is a long-term Ethereum ecosystem contributor and co-founder of SEAL 911, and previously served as a member of the EF Silviculture Society, which provides informal advisory to the Foundation on anti-censorship, open-source, privacy, and security values. pc authored the Ethereum Cypherpunk Manifesto (2024) and contributed significantly to advancing security prac

According to JPMorgan Chase, ahead of tonight's FOMC decision on July 29, the Federal Reserve is expected to hold rates steady. In the base case scenario of a hawkish hold (50% probability), the S&P 500 is projected to remain flat or decline by 0.5%. Under a dovish hold scenario (28% probability), the index could rise 1%, while a 25 basis point rate hike scenario (20% probability) may trigger a 1.5%-2% decline in the S&P 500, with the Nasdaq likely underperforming.

Gate News message, an analysis of major crypto projects backed by leading VC funds reveals a stark contrast between capital raised and revenue generated. The projects collectively raised $6.3 billion in funding but produced approximately $40,000 in fees over the past 30 days. The findings highlight the ongoing challenges during the crypto winter period.

According to Santiment Intelligence, Cardano (ADA) and Bittensor (TAO) rose on Wednesday ahead of the Federal Reserve interest rate decision, with prediction markets pricing a 25-26% probability of a surprise rate hike. ADA gained 6% in 24 hours to trade near $0.164, while TAO added 3% and sits near $193. The broader market consolidated as traders awaited the Fed announcement, with current expectations centered on a hold at the target range of 3.5%-3.75%.

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.