Gate Crypto Flash News and Market Updates

According to Shibburn, 110 million SHIB were burned on July 8, marking the largest single-day burn in six months. The weekly burn rate reached 152 million SHIB, up 55.77% from the previous week. However, SHIB declined 5% over the same period, suggesting token burns alone are insufficient to counter broader memecoin market weakness. Capital outflows from the memecoin sector, which has fallen from 10% to 3.7% of total altcoin market cap since Q4 2024, continue to outweigh supply reduction efforts.

On July 7, Kazakhstan President Kassym-Jomart Tokayev signed a decree establishing a regulated cryptocurrency market framework, according to the Ministry of Artificial Intelligence and Digital Development. The measure covers stablecoin payments, tax incentives, a crypto mining framework, and tokenization plans. Under the new rules, citizens can claim exemption from individual income tax on cryptocurrency transaction revenue, provided they disclose crypto holdings on foreign platforms and transfe

According to Iranian state media, the area surrounding Iran's Bushehr nuclear power plant came under U.S. artillery strikes today.

Clearstream announced on July 8 that it will add XRP along with six other cryptocurrencies to its list of supported assets on its regulated custody platform, compliant with the MiCA framework by Crypto Finance. This development provides institutional investors regulated access via a traditional post-trade platform, reducing operational and counterparty risks. The expansion of institutional infrastructure supporting XRP custody is expected to strengthen long-term adoption and potentially attract

According to Onchain Lens, on July 9, BlackRock transferred 951.5 BTC to Coinbase Prime, valued at approximately $59 million.

According to Coinbase's official status page, on July 9, some users were temporarily unable to place trades on Prediction Markets via web and mobile platforms. The company's team is investigating the issue; the exact recovery time has not been disclosed.

Palestinian President issued a decree on July 9 to hold legislative elections on November 28, according to the official announcement.

According to Yao Cai Securities, two new Hong Kong IPOs will list tomorrow (July 10), with contrasting grey market performance. Jinghe Integrated Circuit (02249), a wafer foundry specialist, closed grey market trading at HK$35.8, up 10.84% from its IPO price of HK$32.3. Binhua Chemical Products (06745) closed at HK$2.75, down 20.98% from its IPO price of HK$3.48. Jinghe Integrated Circuit raised a maximum of HK$6.98 billion from 216 million shares, while Binhua Chemical Products raised up to HK$

According to PivotalPath and Goldman Sachs, global hedge funds delivered their strongest first-half performance since 2013, with April posting a record 3.7% monthly return. Fundamental strategy funds led the way, achieving 18.4% in Q2 and 17.4% year-to-date, driven by gains in equity trading and healthcare positioning. However, June volatility tempered gains: the Magnificent Seven ETF fell 9%, and systematic trading models gained only 1.1% for the month, impacted by sharp moves in U.S. and Chine

According to Arab Satellite Television, alarm sounds were reported in Jordan today.

According to 24/7 Wall St via Yahoo Finance, Meta Platforms (META) trades at $582.90 as of July 8, 2026, down 11.5% year to date and 4.9% on July 2 alone after the company raised its full-year 2026 capital expenditure guidance to $125–145 billion. The move highlights a valuation paradox: Q1 2026 revenue grew 33.1% to $56.31 billion with operating income up 30%, yet analysts' bear case targets $720.38 (24% above current price) and the bull case reaches $868.79 — both implying the market has price

According to Foresight News, Bybit launched this week a new yield farming activity featuring SOL and XRP dual pools. Users can stake USDT and receive rewards in either SOL or XRP form, with an annual yield rate of 555%.

According to BlockBeats, edgeX completed a new round of organizational restructuring on July 9 and brought in core talent across engineering, risk management, and product development. The platform is also introducing new partnership collaborations focused on liquidity, asset onboarding, payment solutions, market expansion, and ecosystem development to enhance global operational capabilities. edgeX will continue strengthening platform security, risk management systems, and on-chain verification c

According to Livermore Securities darkmarket data, JiHe Integrated Circuit (02249) closed up 11.76% in pre-IPO darkmarket trading today (July 9), with reported prices at 36.1 HKD compared to the offer price of 32.3 HKD. Each lot of 100 shares generates a profit of 380 HKD before transaction fees. The company is scheduled to list on Hong Kong Stock Exchange on Friday, July 10.

According to Livermore Securities dark board trading data, Binhua Energy (06745) shares traded at HKD 2.74 in dark board trading as of market close, down 21.26% from the IPO price of HKD 3.48. With a lot size of 1,000 shares, each lot incurred a loss of HKD 740 before transaction fees. The company is scheduled to list on Hong Kong Stock Exchange on July 10 (Friday).

According to Revolut, USDT delisting is limited to EEA and Switzerland as the platform winds down the stablecoin offering in selected European markets on Jul 9. USDT support remains unchanged outside these regions.

According to Strategy's official statement on July 5, 2026, the company sold 3,588 BTC (0.42% of holdings) for approximately $216 million to fund dividends on its preferred securities. The sale represents Strategy's largest Bitcoin liquidation to date. As of July 5, the company retained 843,775 BTC worth roughly $52.9 billion, with USD reserves at $2.55 billion. Despite the sale, Strategy's Bitcoin holdings remain up 41.25% over the past twelve months. The company's remaining Bitcoin holdings ar