Gate Crypto Flash News and Market Updates

According to BlockBeats, the U.S. Senate passed a resolution on July 16 with unanimous consent stating that FTX founder Sam Bankman-Fried should not receive a presidential pardon. The resolution was introduced by Senators Ruben Gallego and Cynthia Lummis and represents the Senate's formal political opposition to a potential pardon. However, the resolution has no legal binding force and will not prevent the U.S. president from pardoning SBF or directly affect his current legal status.

According to Blockchain.com, the platform integrated oracle feeds from Polymarket on July 14, enabling users to access blockchain-based prediction market data, including election-related prediction pools.

According to the Bank of Korea, the central bank raised its benchmark interest rate by 25 basis points to 2.75% on July 16. Bank Governor Shin Hyun-sung said the rate hike reflects concerns over financial stability risks and signaled the central bank will continue tightening, though the pace of future increases will depend on incoming economic data. The dollar-won rate fell to 1,478.90 won on the day, down 5.80 won from the previous close, as the U.S. dollar weakened following lower-than-expecte

Three key U.S. economic reports are scheduled for release within minutes: May business inventories month-over-month change, June pending home sales index month-over-month change, and July NAHB housing market index.

According to ChainCatcher citing on-chain analyst @ai9684xtpa, wallet "wjqq" went 10x long on 5,000 shares of SK Hynix (SKHX) at $1,313.2 per share early today (July 16), accumulating a $6.14 million position. The account is now showing unrealized losses exceeding $412,000.

According to Guzhan Finance APP, Luk Fook Holdings (00590) reported that overall retail sales for Q1 2026 (ending June 30) rose 32% year-over-year, while retail revenue increased 43% year-over-year. Gold and platinum products accounted for 82% of total retail value, up 6 percentage points, driven by surging precious metal product sales. Same-store sales grew 39%, with gold product sales by weight climbing 50% despite international gold prices rising 37% per ounce; same-store sales volume growth

According to the company announcement, Fanmei Packaging (00468) expects net profit for H1 2026 (ended June 30) of 34-102 million yuan, a decline of 87.7%-95.9% compared to 83 million yuan in the same period of 2025. Revenue is projected at 732-990 million yuan, down 1.6%-27.3% year-over-year from 1.007 billion yuan.

Pearl River Shipping Holdings Limited (stock code: 00560) issued a profit announcement on July 16 for the six months ended June 30, 2026. The group expects unaudited consolidated profit attributable to shareholders of approximately HK$34.6 million to HK$38.6 million, representing an increase of approximately 30% to 45% compared to HK$26.6 million in the same period last year. According to the announcement, the expected profit increase was primarily driven by a rise in Hong Kong cross-border pass

According to Zhitong Finance APP, Teknion Motor Holdings (00179) reported revenue of $936 million for the three months ended June 30, 2026, up $21 million or 2% compared to $915 million in the same period of the prior fiscal year. Favorable foreign exchange movements contributed $14 million to the increase. Commercial and industrial product revenues grew to $158 million, up $8 million or 6% year-over-year, while automotive product revenues reached $778 million, up $13 million or 2% from the prio

According to Jin10, on July 16, Ukraine's parliament approved a new cabinet and appointed Serhiy Kolieskyi as prime minister. Kolieskyi, former chairman of the board of Ukraine's state-owned oil and gas company, was nominated for the position earlier that day. The parliament passed a resolution endorsing the new cabinet's core officials and ministerial nominees.

According to Foresight News, password manager 1Password announced the launch of "1Password for Claude" integration on Thursday, enabling Anthropic's Claude AI assistant to complete login and one-time verification tasks without accessing passwords directly. Built on a "zero-exposure architecture," credentials are displayed to users for biometric confirmation, then injected directly into web pages by 1Password—Claude never sees passwords or verification codes, and access is limited to the current

According to Zhitong Finance, MINIMAX-W (00100) completed the placement of 35.6 million new A-class shares on July 14, 2026, at HK$268 per share, raising approximately HK$9.444 billion in net proceeds. The company also completed the issuance of a zero-coupon secured convertible bond with a principal amount of HK$6.5 billion, maturing in 2027, on July 16, 2026, with net proceeds of approximately HK$6.433 billion.

According to Lookonchain data monitored by ChainCatcher, over the past 5 hours, Abraxas Capital withdrew 8,452 ETH (worth $160 million) from Binance and Bybit, continuing its recent accumulation of the asset.

According to a statement issued on July 16, the Houthi movement accused Saudi Arabia of collaborating with the United States, Israel, and the United Kingdom to undermine Islamic unity and solidarity. The Houthis claimed Saudi Arabia's multi-year military intervention in Yemen lacks legal basis and operates within a framework of alliance and allegiance with the U.S. and Israel. They called for accountability and punishment of those responsible.

At the market open on July 16, the Philadelphia Semiconductor Index fell over 2%, with memory chip stocks declining broadly. SK Hynix dropped approximately 7%, while TSMC fell about 3% following its Q2 earnings announcement. The broader market showed mixed movements, with the Dow Jones up 0.2%, the S&P 500 down 0.2%, and the Nasdaq down 0.4%.

U.S. stock market opened mixed on July 16 (Thursday). The Dow Jones index rose 105.87 points, up 0.20%, to 52,764.51; the S&P 500 declined 19.86 points, down 0.26%, to 7,552.54; the Nasdaq Composite fell 129.06 points, down 0.49%, to 26,140.17.

According to Warren Buffett's CNBC interview, Alphabet shares rose 3.65% to $370.82 following his statement that the company could outperform 90% to 95% of stocks commonly recommended by Wall Street analysts. The stock surge increased Berkshire Hathaway's stake value to over $31 billion, making Alphabet one of the firm's largest holdings behind only Apple and American Express. Buffett confirmed he personally initiated the Alphabet investment, which Berkshire began building in the third quarter o

According to Bitcoin News, Fold's Bitcoin gift cards are now available on TikTok Shop, with denominations ranging from $25 to $500. The cards support most major payment methods, providing a new mainstream entry point for Bitcoin purchases.

Shanghai Gold Futures August 2026 contract rebounded intraday today, narrowing losses to 1.07%. The contract rose to 873.32 yuan per gram from an intraday low of 866.72 yuan per gram. Trading volume exceeded 27.1 billion yuan, with open interest increasing by approximately 1,300 contracts.

According to OKX trading data, ONDO broke through $0.39 today, currently trading at $0.3907, up 16.14% in the past 24 hours.