Gate Crypto Flash News and Market Updates

According to Zhitong FinTech, Hong Kong's Hang Seng Index fell 0.42% in morning trading on July 7, closing at 23,517 points, with trading volume reaching 187 billion Hong Kong dollars. Tencent Holdings bucked the broader decline, surging 2.83% after releasing its latest large language model Hunyuan Hy3, with the company planning to raise over 10 billion Hong Kong dollars through equity reductions.

According to Morgan Stanley and other Wall Street institutions, the Magnificent Seven (NVDA, GOOGL, META, MSFT, TSLA, AAPL, AMZN) have underperformed since the start of 2026, but strategists are growing bullish on a potential rebound. The Magnificent Seven ETF (MAGS) has remained nearly flat year-to-date, while semiconductor stocks surged and the S&P 500 has recorded double-digit gains. Morgan Stanley's Chief U.S. Equity Strategist Mike Wilson stated on July 6 that capital is expected to flow ba

According to Guru Club, China's domestic commodity futures showed mixed performance in early session trading on July 7. Container shipping EU route (集运欧线) fell over 5%, the steepest decline of the session. Among gainers, liquefied petroleum gas (LPG) rose over 2%, while vegetable oil and stainless steel gained nearly 2%. Propylene, styrene (EB), CBOT soybeans (Dobean), and polyethylene climbed over 1%. Losers included red dates, silver, and glass, each falling over 2%, along with lithium carbona

Hong Kong Exchanges and Clearing Limited announced today that it has signed a memorandum of understanding with Cross-border Interbank Payment System (CIPS) operator to deepen cooperation in cross-border RMB business. Under the agreement, HKEx's subsidiary Hong Kong OTC Clearing Limited plans to submit an application to become a CIPS direct participant by end-2026, with CIPS providing necessary guidance and training. Upon approval, the subsidiary will conduct RMB fund settlement directly through

According to the International Data Corporation (IDC), the global commercial service robot market achieved a market size of $1.37 billion in 2025, growing 35.7% year-over-year, with shipments of approximately 155,000 units, up 44.1% from the prior year. IDC projects the market will continue its growth trajectory through 2030, with a compound annual growth rate (CAGR) of approximately 15.1%. The company forecasts global commercial service robot shipments will reach 454,000 units by 2030, with the

According to Guru Club, China's National Development and Reform Commission disclosed five work directions for artificial intelligence development during the upcoming five-year plan period on July 7. The five priorities are: accelerating self-reliant innovation in models, computing power, and data; strengthening application-driven development across high-value sectors; deepening ecosystem collaboration; maintaining open cooperation; and ensuring AI safety and controllability through enhanced legi

According to Coinglass data, as of today (July 7), if ETH falls below $1,683, cumulative long position liquidations on major centralized exchanges would reach $758 million. Conversely, if ETH breaks above $1,859, cumulative short position liquidations would reach $649 million.

According to Choi Chang-kyu, head of Mirae Asset Management, speaking on July 3, South Korea's KOSPI index could reach 10,000 points in the second half of 2026, supported by solid corporate earnings and export momentum. Choi noted the market is currently driven by earnings fundamentals, though volatility has increased as the index has already risen significantly and investors lack conviction on additional momentum. Choi forecasts KOSPI will advance in a "zigzag" pattern between 7,500 and 10,000

The U.S. dollar index rose 0.01% intraday to 100.89 on July 7, according to data tracked by FXCM.

According to Zhitong Finance, on June 30, a forum jointly organized by Lenovo Holdings, Lenovo Star, and Fusion Information Center discussed challenges in embodied AI and humanoid robotics commercialization. First-half 2026 funding for the sector reached approximately 46 billion yuan, nearly equivalent to the total from the previous two to three years combined. Industry executives highlighted three key obstacles: data infrastructure gaps, production bottlenecks, and divergent technical strategie

According to ChainCatcher, USDD released its June transparency report, showing total collateral assets of $2.03 billion and monthly circulation peak of $1.42 billion as of month-end, with an over-collateralization ratio of 149.35%. The Smart Allocator generated new gains of $2.16 million in June, bringing cumulative gains to $21.29 million. On the ecosystem front, Morpho successfully launched the PT-sUSDD market integrated with Singularity AI, while sUSDD TVL on Pendle surpassed $30 million.

According to BlockBeats, Zhipu issued a statement on July 7 denying media reports claiming the company withdrew its A-share IPO guidance filing. The company said the reports are factually inaccurate and contain malicious speculation. China Securities Regulatory Commission's official website shows the A-share sponsorship guidance work has been completed.

According to supply chain sources, Lens will supply the ultra-thin flexible glass (UTG) protective layer for Apple's first foldable iPhone, expected to launch in the second half of 2026. Foxconn will handle final assembly and has begun recruiting temporary and summer workers at its Shenzhen facility, offering hourly rates of 22-26 CNY from July to October, with formal employees receiving a base salary of 2,600 CNY during trial periods. The foldable hinge will be split equally between Taiwan's AV

According to Circle, the company has secured an electronic money institution (EMI) license in France under the Markets in Crypto-Assets Regulation (MiCA), becoming the first global stablecoin issuer to comply with Europe's framework. The license supports compliant issuance of USDC and EURC across the European Union, providing Circle a regulatory advantage as stablecoin rules tighten across the region.

According to Federal Reserve Governor Christopher Waller on July 6, excessively rigid forward guidance can actually impede the effectiveness of monetary policy rather than enhance it. Waller cited the FOMC's September 2020 forward guidance pledge, which stated rate hikes would occur when inflation rose to 2% and was on track to moderately exceed that level, as a cautionary example. The Fed maintained this guidance unchanged throughout 2021 despite inflation accelerating above 2% and unemployment

According to BlockBeats, Ondo Perps launches stock perpetual futures with up to 20x leverage on July 7.

China's Ministry of Transport maintained a Level-2 rainfall defense response and Level-4 typhoon response today (July 7) as Typhoon Bavi, the year's ninth typhoon, impacts the region. Fujian Maritime Safety Administration activated its Level-4 emergency response. Maritime authorities are conducting pre-typhoon hazard inspections with enterprises and vessels, and intensifying navigational warnings to vessels transiting the area, particularly remote ocean-going vessels, to avoid the typhoon-affect

According to Goldman Sachs' Circle management meeting notes on July 5, stablecoin growth has decoupled from crypto market cycles, with use cases rapidly expanding into cross-border payments, consumer commerce, capital market settlement, and AI agent payments. USDC captures approximately 99% of transaction volume in the x402 agent payment protocol. Circle noted accelerating "digital dollar" adoption in emerging markets, positioning USDC as an alternative to local currencies and unreliable banking

According to The Fact, Dunamu and Naver Financial have again postponed their comprehensive stock swap for the second time this year, with the deal now delayed to year-end. The postponement comes as South Korea's Fair Trade Commission continues its antitrust review of the merger and the government delays implementation of the digital asset framework law.

According to South Korean financial media financialpost, foreign investors sold 2.274 trillion won (approximately $1.493 billion) in Korean stocks on July 7, while local retail investors net purchased 2.3179 trillion won (approximately $1.522 billion), pushing overall stock prices lower despite retail inflows. Institutional investors also sold 63.2 billion won in shares.