Gate Crypto Flash News and Market Updates

According to New York Daily, decentralized data infrastructure project Permacast completed its Series A funding round on January 15, 2025, raising over $5 million. Including seed and Pre-A rounds, the project's total funding reached $8.9 million. Series A investors include CoinSummer, Scorpio VC, and angel investor Tomasz Boryniec. Prior funding rounds were backed by OKX Ventures, ClearingPoint, 7 O'Clock Capital, and others. The new capital will be allocated toward accelerating protocol develop

According to Onchain Lens, the data platform has partnered with TxFlowL1, a newly launched Layer 1 blockchain for financial execution, on July 28. TxFlowL1 integrates perpetual futures, spot trading, real-world assets (RWAs), and prediction markets into a single native liquidity pool, aimed at simplifying trading through unified infrastructure. The platform is currently operating under an invite-only model, with early trading activity to count retroactively toward an upcoming points program. TxF

According to ARK Invest researcher Lorenzo Valente, on July 28, the cryptocurrency industry is entering its most severe consolidation phase, with the top three applications—Hyperliquid, PumpFun, and Ethena—capturing nearly 80% of total application revenue. Valente argued that the market structure has shifted decisively, with investors becoming far more selective and teams or exchanges lacking genuine product-market fit being forced to shutter operations. On-chain researcher 0xviet reported that

Seagate Technology reported Q4 fiscal 2026 revenue of $3.63 billion, up 48% year-over-year, and adjusted EPS of $5.71, up 121%, beating analyst expectations of $5.09, according to its earnings call on July 28. The company's non-GAAP gross margin reached 52.7%, up 570 basis points sequentially. For fiscal Q1 2027, Seagate guided revenue of $4.1 billion and adjusted EPS of $7.30, with the company expecting sequential revenue and margin expansion throughout fiscal 2027. Near-line storage capacity i

According to Guru Club, on July 29, oil futures touched intraday highs after Trump commented on Iran. Following the statement, the S&P 500 index futures and Nasdaq 100 index futures turned negative.

According to PANews, on July 29, Zhu Yiming, controlling shareholder and actual controller of A-share listed company Giga Device, voluntarily committed not to reduce his holdings in any manner for 12 months starting July 29, 2026. As of the announcement date, Zhu Yiming and his concert party Hong Kong Winfar Limited collectively hold 47,700,876 shares, representing 6.80% of the company's total share capital.

According to Pakistani military statement, security forces killed 32 militants over a 24-hour period on July 29 during counterterrorism operations across the northwestern Khyber Pakhtunkhwa and southwestern Balochistan provinces.

According to President Trump, the U.S. will strike Iran on Wednesday in response to an attack on American targets in Jordan. The statement marks a potential escalation in regional tensions.

According to Arkham, BlackRock's Bitcoin spot ETF IBIT experienced approximately $60 million in net redemptions this week, while the firm's clients simultaneously purchased over $20 million in Ethereum. The data suggests some institutional investors are reducing Bitcoin exposure while increasing Ethereum allocation.

According to Anthropic, Claude Mythos Preview, an unreleased version of the company's most powerful AI model, discovered two previously unknown attacks on post-quantum cryptography algorithms today, including one targeting HAWK, a digital signature system competing to become a U.S. federal standard. Claude identified a mathematical symmetry in HAWK's design that no human researcher had exploited, reducing the computational cost of stealing its smallest key from 2^64 operations to 2^38—roughly 67

According to the Consumer Federation of America, cryptocurrency accounted for more than half of all scam losses reported to the FBI in 2025, with official losses reaching $11.37 billion, up 22% from 2024. Applying a 7.1x multiplier based on a Bureau of Justice Statistics survey showing only 14% of fraud victims report to law enforcement, the CFA estimates the true cost at $80.7 billion. Investment fraud was the largest single category, with reported losses of $8.6 billion scaled to $61.4 billion

Apple's stock reached record levels on July 29 as Tim Cook held his final earnings call as CEO, the same week the iPhone maker touched a $5 trillion market cap and surpassed Nvidia as the world's most valuable company. The stock is up 25% this year. Cook will step down on September 1 and assume the role of executive chairman, with John Ternus, a 25-year Apple veteran and head of hardware, taking over as CEO. Meanwhile, Apple is raising device prices amid a global memory shortage and chip manufac

According to Forbes, a survey by EY found that over 75% of U.S. business owners with annual revenue above $5 million have already integrated AI into their operations, with 10% achieving full-scale deployment. The majority prioritize three outcomes: driving revenue growth through sales and marketing (57%), reducing operational costs (55%), and improving customer experience (49%). However, more than one-third of respondents cut technology spending in the past year due to difficulty quantifying AI

According to Cointelegraph, South Korea's Financial Services Commission is proposing comprehensive cryptocurrency asset legislation that would cover stablecoins and crypto exchanges. Lawmakers are also considering abolishing the 22% crypto asset tax originally scheduled for implementation in 2027.

According to Bitcoin.com, Binance's investigation team collaborated with India's Narcotics Control Bureau (NCB) and Data Security Council of India (DSCI) to dismantle the 'Team Kalki' darknet drug trafficking organization. The network distributed drugs domestically through cryptocurrency, encrypted messaging platform Session, and the dark web forum Dread, with supplies sourced from overseas. Binance and DSCI used blockchain analysis and wallet-tracking technology to identify and freeze crypto as

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.