Gate Crypto Flash News and Market Updates

According to Bank of America Securities on July 9, Nvidia's forward price-to-earnings ratio fell to 18x, a 7-year low, trading at a 30-35% discount to the average valuation of major tech peers like Apple, Microsoft, Google, Amazon, and Meta. The bank argues the market's pricing implies a 30-35% EPS decline for Nvidia in 2027-2028, a view it calls unfounded. BofA maintained its buy rating with a $350 price target, implying over 70% upside from current levels.

According to TAC's official statement, the protocol clarified over the past 24 hours that it has not been attacked and that on-chain assets remain secure with normal system operations. The team and early investors have not participated in any token sales, as relevant tokens remain under lockup and vesting periods with no unlocking at the current stage.

According to Odaily, cryptocurrency exchange AscendEx announced on July 6 that it ceased operations as of July 1, citing failure to obtain an EU MiCA license and a failed strategic transaction. Chain data shows AscendEx's marked addresses currently hold approximately $13.5 million in crypto assets, with over $12 million in UNITE tokens and its native ASD token. On-chain investigator ZachXBT warned on July 2 that withdrawal requests remain unprocessed while deposit functions continue to operate.

According to SoSoValue data, HYPE spot ETF saw net inflows of $3.3325 million on July 8 (yesterday in U.S. Eastern Time). Grayscale Hyperliquid Staking ETF (HYPG) accounted for the full amount, bringing its cumulative net inflows to $126 million. As of press time, the total HYPE spot ETF complex held assets under management of $355 million, with cumulative net inflows reaching $314 million.

Payward, Kraken's parent company, recently won a $22 million arbitration award and has requested that Delaware Court of Chancery enter a final judgment against Mazars USA, according to Guru Club. CEO Arjun Sethi noted the case involves de-banking, regulatory pressure, and the need for clear U.S. crypto market rules, calling for Congress to pass the CLARITY Act.

According to the Bank of Korea's report to Parliament on July 9, the Korean won fell to around 1,500 per dollar, driven by foreign investor stock selloffs and expectations for higher U.S. interest rates. The central bank attributed the currency's steeper depreciation compared to other major currencies to geopolitical risks in the Middle East, dollar strength, and large-scale foreign stock net sales. Foreign investors sold 57.2 trillion won ($43.8 billion) worth of domestic stocks in June, follow

According to Guru Club, Indonesia's benchmark stock index fell 4.2% to 5,688.574 points on June 4, marking its lowest level since December 2020.

According to Bitcoin.com, on July 9, a U.S. federal court rejected an emergency request by CoinFlip and Private IT Corporation for a temporary restraining order against Tennessee's cryptocurrency ATM ban, which took effect on July 1. The court determined the plaintiffs failed to meet the legal standard for emergency injunctions, ruling that the companies' projected economic losses did not outweigh the public interest represented by the state legislation. An A-level misdemeanor penalty applies to

South Korea's benchmark equity index KOSPI fell sharply intraday on July 9, threatening the 7,000 level before recovering slightly. By 1:38 p.m., KOSPI traded at 7,246.52, down 0.27% from the previous close. The index opened with gains of 3.31% at 7,486.64 and reached an intraday high of 7,543.86 in the morning, but selling pressure intensified in the afternoon session.

According to Korea Exchange, KOSPI fell 13.36 points, or 0.18%, to 7,233.43 on July 9 afternoon as retail investors sold. The index fluctuated near the 7,200 level amid buying by foreigners and institutional investors offset by retail selling.

According to CCTV News, a chemical refining plant in South Korea's North Gyeongsang Province caught fire at approximately 12:36 p.m. local time on July 9. The South Korean Fire Department upgraded the response level to Level 2 at around 1:10 p.m. and is conducting full-scale extinguishing operations. No casualties have been reported so far. Local authorities issued an emergency alert to residents, warning of potential toxic gas leakage from the facility.

According to Korea Exchange, KOSDAQ index recovered to 803.35 points, up 2.34% (plus 18.35 points) on July 9 morning, driven by institutional buying. Semiconductor and biotech stocks, which represent large-cap positions, led the rally as recent sharp declines eased valuation pressures.

Japan's 5-year government bond yield rose 1.5 basis points to hit 2.000% today (July 9).

According to Coinglass data monitored by ChainCatcher, 50 million USDT was transferred from an unknown wallet to Binance on July 9 at 12:43 UTC.

According to Zhitong Caijing, Dino Pharma-B (06872) surged from its 75.7 HKD IPO price to a peak of 287 HKD in June 2026 before gaining Hong Kong Stock Connect inclusion on June 23. The stock subsequently retreated to 192 HKD as institutional investors exited, forming a typical inverted-V pattern. Institutional fund flows show major shareholders initiated net outflows starting June 17, with daily outflows reaching 2.483 million HKD following the stock's confirmed inclusion. The company's core ca

According to Morgan Stanley, Rocket Lab (RKLB) stock rose over 2% in overnight trading late Wednesday (July 8) after the brokerage reiterated its 'Overweight' rating and raised its price target to $105, implying 26% upside from current levels. Morgan Stanley also lifted its bull-case target to $293 from $185, citing the company's commercial progress and vertical integration potential following its acquisition of Iridium Communications. Rocket Lab announced last week it will acquire Iridium in a

According to Korea Exchange, Hansung Enterprise shares jumped 28.54% (1,430 Korean won) to 6,440 won on July 9 morning, marking the fourth consecutive trading day of gains. The food company's market capitalization recovered above 30 billion won, the minimum threshold for KOSPI listing maintenance. The rally was driven by an online movement celebrating the company's 25-year sponsorship of a concert benefiting United Nations veterans of the Korean War. Individual investors launched a grassroots "p

According to Pantera Capital on July 9, Hyperliquid's revenue potential could reach 5 times its current level, potentially reaching approximately $3.7 billion annually. The crypto investment fund estimates the platform could access a market with roughly $10 trillion in daily notional trading volume, including approximately $200 billion in 0DTE options and leveraged ETF trades, $2 trillion in commodity derivatives, and $8 trillion in foreign exchange derivatives. If Hyperliquid captures even a lo

According to China Meteorological Administration, Typhoon Bawei maintained super-typhoon strength on July 9, with maximum sustained winds of 16 levels (55 meters per second) and a minimum central pressure of 930 hectopascals. The typhoon was located approximately 1,210 kilometers southeast of Keelung, Taiwan. The system is expected to move northwest at 15–20 kilometers per hour, approaching Taiwan's northeastern coast and potentially making landfall or skirting the northern coast on July 11 at s

According to Coinglass data, Binance saw net inflows of $36.8 million USDT in the past hour.