Gate Crypto Flash News and Market Updates

South Korea's KOSPI 200 index gained 4% intraday on July 21, expanding its daily advance as trading progressed throughout the session.

According to Yahoo Finance and Goldman Sachs analysis, copper prices have risen recently due to AI-driven expectations for increased investment in data centers and power grid infrastructure. AI expectations have become the primary driver of copper's price gains since early 2025, surpassing traditional factors like China's growth outlook and U.S. dollar movements. Goldman Sachs commodity strategist Ravinaia Poselese stated that "AI is becoming the key narrative shaping expectations for future pow

On July 21, Japan's Minister of Economy, Trade and Industry Shigeto Shiraki declined to comment on daily movements and the outlook for exchange rates and bond yields, according to routine policy statements.

U.S. President Donald Trump is scheduled to meet with House Republicans on Tuesday at 5 p.m. ET (Wednesday 5 a.m. Beijing time).

According to Edaily, South Korea's government launched the Digital Assets Framework Act Phase 2 legislative discussion today, with the forum presided over by Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok. The government and ruling Democratic Party plan to advance the legislation through passage by year-end. The framework aims to establish regulatory oversight for stablecoin issuance and operations, building on the economic growth strategy announced on July 14.

According to KeyBanc analysts, Intel and AMD are expected to report strong data center CPU shipment growth when they release second-quarter earnings on July 23 and August 4, respectively. The firms forecast Intel's 2026 server CPU shipments will grow 25–30%, while AMD's will rise 15–20%, driven by sustained AI demand and improved supply conditions. Both companies are projected to see server CPU shipment growth exceeding 50% in 2027.

According to its announcement, Ant International completed Series A funding of approximately $1.2 billion today (July 21), with participation from Ant Group, Alibaba, and multiple international investment institutions. The capital will be allocated toward expanding global business operations, accelerating investment in emerging technologies including AI, and broadening cross-border payment and global account services to support fintech innovation worldwide.

According to South Korea's Financial Services Commission, the government recovered 590.1 billion won in public funds during the second quarter of 2026, comprising 560.1 billion won in dividends from financial institutions' shares acquired during restructuring and 30 billion won in interest income from loans to subsidiary KR&C. Through June 2026, total public fund recovery reached 123 trillion won since November 1997, representing a 72.9% recovery rate against 168.7 trillion won injected during t

According to the Bank of Korea, Governor Shin Hyun-song departs for Singapore on July 22, 2026, to attend the 31st EMEAP Governors' Meeting and the 15th meeting of EMEAP Central Bank Governors and Financial Supervisors. During the meetings, Governor Shin will discuss recent economic trends, AI's impact on economic structures and financial stability, and exchange views on financial institutions' AI adoption, supply chain disruptions' macroeconomic effects, and policy responses. Governor Shin retu

According to Sprott Asset Management, artificial intelligence, defense, and electrification have emerged as three major structural drivers of rare earth demand, elevating rare earths from a traditional commodity to a strategic resource tied to national security and technological competition. AI data centers are expected to consume approximately 3% of global magnetic rare earth demand by 2030, according to the International Energy Agency, with growth potential accelerating as the sector remains i

According to BlockBeats, SPCX fell 10.6% below its IPO price of $135 to $120.66 on July 21, marking a 47.5% cumulative decline from its $230 peak. A tracked whale holding 16,082.2 SPCX contracts at 3x leverage faces critical liquidation risk, with only $4 in margin buffer remaining. The position, valued at approximately $1.94 million, shows a floating loss of $756,000 (down 84.1%) and has a liquidation price of $116.6. The account holds roughly $111,500 in remaining collateral, fully deployed to

New Zealand's Reserve Bank (RBNZ) Industry Factor Model for inflation rose 2.7 percent year-over-year in the second quarter of 2026.

According to ChainCatcher, FTX will distribute approximately $900 million in its fifth bankruptcy distribution on July 31 to eligible creditors. Claimants in categories 5A, 5B, 6A, 6B, and 7 who completed claim confirmation, KYC verification, tax form submission, and sanctions screening by the June 16 deadline, and successfully registered with BitGo, Kraken, or Payoneer are eligible to receive distributions within one to three business days starting July 31. However, creditors from 45 jurisdicti

According to RootData, as reported by ChainCatcher, the SIGN token will unlock approximately 207.78 million tokens on July 28 (Beijing time), worth around $3.63 million.

According to RootData, Moonbirds (BIRB) will unlock approximately 27.08 million tokens worth roughly $1.55 million on July 28 at 1 p.m. Beijing time, according to the Web3 asset data platform's token unlock schedule.

China's overnight SHIBOR fell to 1.3820% on July 21, declining 3 basis points. The 7-day SHIBOR dropped to 1.4010%, also down 3 basis points, while the 3-month SHIBOR held steady at 1.4300%.

According to Meritz Securities analyst Lee Seung-hun, South Korea's central bank (BOK) will likely adjust rates in October, differing from past consecutive hike cycles, the researcher said on July 21. The analyst argued that while South Korea's economy is performing well on the back of semiconductor-driven exports, current financial stability and credit conditions do not warrant the urgent, back-to-back rate increases seen in previous cycles. Lee noted that apartment price increases are concentr

According to Meritz Securities analyst Lee Seung-hoon, on July 21, the Bank of Korea will likely make its next rate adjustment in October, rather than implementing consecutive hikes as in past cycles. The analyst noted that while semiconductor-driven export strength is supporting economic growth, the current financial environment differs from previous consecutive rate-hike periods. Unlike past cycles, credit loan growth stands at 3.9% year-on-year as of June, below nominal GDP growth, and apartm

According to Korea Exchange, Samchundang Pharma dropped 27.41% to 173,500 won on July 21 after receiving FDA Pre-ANDA feedback on its oral semaglutide generic, with investors noting the response did not confirm final approval pathways. Kolon TissuGene fell 29.90% to 42,900 won on the same day following news that its osteoarthritis gene therapy failed Phase 3 clinical trials.

According to Crane Data, U.S. money market funds with assets exceeding $8 trillion have significantly shortened their weighted average portfolio duration from 45 days to 40 days since mid-May, as managers reduce interest rate risk amid uncertainty over Federal Reserve policy. The shift reflects growing caution following recent market volatility driven by oil price surges and mixed signals from Fed officials and inflation data. Repurchase agreements (Repo) have emerged as the primary safe haven,