Gate Crypto Flash News and Market Updates

U.S. factory orders excluding transportation fell 0.4% month-on-month in June, with the previous month's figure revised upward to 2% from the initially reported 1.9%.

According to BlockBeats citing BIT data, Palantir (PLTR) rose 21% on August 4. The company's second quarter earnings report, released yesterday after-hours, showed revenue of $1.94 billion, up 93% year-over-year, with net income reaching $1.06 billion. Palantir also raised its full-year guidance.

U.S. durable goods orders in June came in at 0.5% month-on-month on a final reading, beating the forecast of 0.3% and the initial estimate of 0.3%.

U.S. core durable goods orders, excluding transportation, came in at 0.7% month-over-month in June, beating expectations of 0.6%. The final reading compared to an initial estimate of 0.6%.

U.S. durable goods orders excluding aircraft and defense capital goods rose 1.2% month-on-month in June, exceeding expectations of 0.9% and surpassing the initial estimate of 0.9%, according to the latest official data.

U.S. job openings fell to 7.359 million in June, according to the monthly JOLTS report from the Department of Labor, below the forecast of 7.454 million and down from 7.594 million in May.

According to MSX.COM data, AI stocks rallied at U.S. market open today, with Palantir leading gains at up 18.56%. Marvell rose 9.25%, Astera Labs gained 8.77%, Arm climbed 7.67%, and Teradyne advanced 6.27%. Broader markets also posted gains, with the Dow Jones up 1.48%, S&P 500 up 0.51%, and Nasdaq up 0.86%, while VIX fear index fell 1.83%.

According to Odaily and MSX.COM data, the Philadelphia Semiconductor Index (SOX) opened up 4% today. Among major components, Micron Technology led gains with a 4.8% increase, followed by AMD up 4.91%, ASML up 3.62%, Broadcom up 2.97%, NVIDIA up 1.9%, and TSMC up 2.24%.

According to MSX.COM data, the U.S. optical and photonics components sector strengthened today, with Applied Optoelectronics rising 16%, Coherent up 11%, and Lumentum gaining 7%.

According to Gate data, WTI crude oil touched $75 per barrel today, marking the lowest level since July 13, down 4.75% on the day.

According to Reuters on August 4, the U.S. government is drafting a ban on imports of new optical transceiver modules from China to protect critical infrastructure supporting artificial intelligence development. The Federal Communications Commission (FCC) is designing measures to prohibit imports of Chinese optical transceiver modules, which are used for high-speed fiber data transmission within data centers. U.S. officials aim to announce and implement the ban within 2026. China's embassy in th

According to Life Insurance Corporation's announcement to the stock exchange on Monday, India's government is selling up to 6.5% of the country's largest insurer at a 10% discount to the previous closing price. The share sale is expected to raise up to 3,140 crore Indian rupees (approximately $3.3 billion). The offering includes a base issuance of 2.5% equity alongside an option to sell an additional 4% stake. The offer price is set at 382 rupees per share, with subscription running from Tuesday

On August 4, South Korea's KOSPI index rose over 1% to close at 6,350, while the KOSDAQ surged over 5% on the day. The gains reflected a rotation in market sentiment as semiconductor heavyweight stocks paused, allowing previously underperforming sectors to lead the rebound.

According to BIT, the Nasdaq-100 index rose more than 2% on August 4, reaching its highest level since July 15.

The U.S. is set to release its factory orders for June and final reading of durable goods orders at 22:00 Beijing time on August 4.

According to the New York Federal Reserve, SOFR stood at 3.65% on August 3, down 1 basis point from the previous trading day's 3.66%. The effective federal funds rate remained unchanged at 3.63%.

According to Deutsche Bank's latest analysis, the banking giant maintained its bullish gold price forecast for Q4 2026 at $4,600 per ounce, while estimating the metal's fair value could reach $4,700 per ounce by year-end. The forecast was issued as gold traded at $4,059 as of press time, down more than 6% year-to-date. Despite the pullback, Deutsche Bank believes the long-term uptrend remains intact, supported by strong central bank demand and favorable macroeconomic conditions.

Today, SpaceX reports its first quarterly results as a public company after market close, with the webcast following around 4:30 p.m. ET. Wall Street expects revenue of $6.8 to $6.9 billion, with Starlink projected at $3.8 billion and xAI (including Grok and data-center revenue) at $2 to $2.3 billion. The company is also facing a major share unlock on August 6, potentially releasing hundreds of millions of shares.

The United States will release June JOLTS job openings and factory orders shortly. Both data points are scheduled for imminent publication.

According to BIT market data, the Philadelphia Semiconductor Index rose over 5% on August 4. SanDisk gained approximately 8%, while SK Hynix and Micron Technology each climbed around 7%.