Gate Crypto Flash News and Market Updates

According to Investing.com, on July 22, Gene Munster, managing partner at Deepwater Asset Management, raised his assessment of a potential SpaceX-Tesla merger from 80% to 90% following Tesla's Q2 earnings call. Munster noted on X that Elon Musk's emphasis on synergies between the two companies surprised him, as merger discussions were mentioned seriously during the call. Musk acknowledged in the earnings call that business overlap between SpaceX and Tesla is growing, particularly related to Tera

According to CNBC, on July 22, AMD announced a strategic partnership with Anthropic involving up to $5 billion in investment and a commitment to supply its latest AI chips at scale. The chipmaker will invest up to $5 billion in the Claude AI model developer, while Anthropic has agreed to become a major buyer of AMD's advanced AI processors.

According to Seoul Foreign Exchange Brokerage, the Korean won weakened against the U.S. dollar on July 23, touching 1,460 won per dollar for the first time in about two and a half months. As of 2:18 p.m. local time, the KRW/USD rate stood at 1,468.25 won, down 9.05 won from the previous trading day, marking a shift to a downtrend after the currency's extended appreciation period since May 11.

According to Korea Securities Depository, fund dividend distributions in South Korea reached 40.9 trillion won in the first half of 2026, up 70.4% from 23.5 trillion won in the same period last year. Equity-focused funds drove the increase. Approximately two-thirds of the distributed dividends were reinvested into funds.

According to Helaba analysts, rising energy prices amid heightened tensions in the Arabian Gulf are unlikely to satisfy central bankers, with the European Central Bank set to announce its monetary policy decision later today, July 23. While there are currently no clear signals of an imminent ECB rate hike, analysts note they are awaiting market signals to determine whether the next meeting in September will send a tightening signal. Money markets are currently pricing in a 21 basis point rate hi

According to ChainCatcher data from GMGN, FEFER, a meme token on the Stable chain, surged over 140% in 24 hours on July 23, breaking an $8.8 million market cap. The token was trading at $7.5 million at the time of reporting.

Seoul Southern District Court sentenced Park Mo-seo, known as 'EtherFather,' to four years imprisonment on fraud charges under South Korea's Act on Protection of Virtual Asset Users. Co-defendant A received 2.5 years, while co-defendant B received a 5-year suspended sentence. The three launched CATFI, a Solana-based meme coin, on a decentralized exchange in early 2025 after investing several million won via Pump.fun. They then executed a rugpull, siphoning approximately 400 million won from inve

Tesla stock fell 4.13% to approximately $358.55 in after-hours trading on Wednesday after the electric vehicle manufacturer reported weaker-than-expected second-quarter earnings. The company posted adjusted earnings per share of $0.33, well below the Bloomberg consensus estimate of $0.50. Although Tesla reported Q2 revenue of $28.24 billion, exceeding the $26.32 billion estimate, adjusted EBITDA of $3.27 billion fell short of the roughly $4 billion forecast, disappointing investors focused on pr

According to Jin10, on July 23, Iran's local officials reported that two search-and-rescue vessels were damaged in an attack by U.S. forces near Hormozgan Province. The U.S. Central Command stated on July 22 that American forces had completed the latest round of strikes on Iran, marking the 12th consecutive night of operations, with the strike lasting approximately 5 hours.

According to Bitget market data, the KOSPI index hit 7,100 today (July 23), up 4.48% intraday.

According to Beating, Poolside recently open-sourced Laguna S 2.1, a 118-billion-parameter mixture-of-experts code model that activates only 8 billion parameters per inference and supports 1 million-token context windows. On the Terminal-Bench 2.1 benchmark, Laguna S 2.1 achieved 70.2%, surpassing DeepSeek-V4-Pro-Max's 64.0%, despite the latter having 1.6 trillion total parameters. However, the model lags behind Kimi K3, which scored 88.3% on the same benchmark. Poolside noted that scores reflec

According to banking officials, South Korea's National Pension Fund (NPF) has recently reduced face-to-face meetings with external financial institutions, following internal audit concerns and transparency questions over its foreign exchange trading counterparty selection process. The NPF's FX operations team, which manages currency exposure and hedging strategies for the fund's 1.6 quadrillion won in assets under management, has minimized in-person meetings with banks that typically conduct sem

Taiwan's TAIEX (Taiwan Weighted Stock Index) closed at 44,850.81 points today with little change in market movement.

According to Iran's Tasnim News Agency, Iran's Revolutionary Guard attacked a U.S. base in Jordan overnight, destroying a THAAD radar system, a Patriot air defense system, and a C-RAM radar. The base's fuel depot was also set ablaze, according to the agency's statement.

According to Yonhapinfomax, on July 23, KT announced a plan to invest 5 trillion won over the next five years in AI data centers (AIDC) while leveraging approximately 3,500 telecom facilities nationwide as edge data centers to support physical AI expansion. KT CEO Park Yoon-young stated that physical AI infrastructure requires low-latency networks across diverse regions, and the company will deploy AI computing equipment at its nationwide offices to connect central AIDC with industrial sites. Se

According to Bloomberg, S&P 500 companies' earnings per share (EPS) Guidance Momentum Score reached a record high on July 23. More companies raised their earnings forecasts than cut or maintained them, marking the largest positive bias on record.

According to Yahoo Finance on July 23, Apple stock has gained 20.3% year-to-date and surged 19% over the past three months, outpacing the S&P 500's 9.7% annual return. However, the company's valuation metrics signal overextension: its forward price-to-earnings ratio stands at 30.67x, exceeding the 10-year average of 24.8x, while forward EV/EBITDA is at 24.5x versus the 10-year average of 18.3x. Yahoo Finance noted that current valuations assume "dominant market dominance" amid CEO leadership tra

According to Korbit's official announcement, Mirae Asset has completed its acquisition of the South Korean crypto exchange on Thursday and increased its ownership stake from 92% to 97% by purchasing an additional $5.32 million in shares. The exchange confirmed that its operating entity, user deposits, and personal data handling remain unchanged. Korbit ranks as South Korea's fourth-largest crypto exchange by trading volume, with approximately $4.3 million in 24-hour trading volume.

According to Lookonchain, the crypto industry experienced 3 security incidents today (July 23), resulting in cumulative losses of approximately $35.55 million. AFX Trade suffered the largest loss of $24.15 million, followed by Verus' Ethereum cross-chain bridge with $7.55 million in damages, and B² Network with $3.86 million.