Gate Crypto Flash News and Market Updates

According to data from Korea Exchange and Koscom CHECK, 14 single-stock leverage exchange-traded funds (ETFs) tracking Samsung Electronics and SK Hynix hit record lows on July 13. KODEX SK Hynix Leverage ETF fell to 15,280 won intraday, down over 60% from its June 23 peak of 44,385 won since its May 27 listing. TIGER Samsung Electronics Leverage ETF dropped to 12,035 won, down approximately 60% from its June 2 high of 30,395 won. The market value of 16 single-stock leverage and inverse ETF produ

According to Hürriyet Daily News, Turkish prosecutors indicted a massive money-laundering network involving 504 suspects linked to a scheme in the Grand Bazaar, with illicit proceeds totaling approximately 400 billion Turkish lira (around $850 million). The defendants are accused of using shell companies, bank accounts, foreign exchange dealers, POS terminals, and cryptocurrency exchanges to conceal illegal gains. They allegedly converted stolen funds into cryptocurrency and transferred proceeds

According to BNK Securities, the brokerage set SK Hynix share price target to 1.85 million Korean won last week, implying a sharp decline from the current 2.2 million won. The downgrade follows Morgan Stanley's recommendation to reduce exposure to memory chip stocks amid concerns of peak demand.

Lawson will launch Japan's first point-of-sale integrated stablecoin payment trial in August at its Takanawa Gateway City store in Tokyo's Minato Ward. The pilot will use JPYC, Japan's regulated yen-pegged stablecoin, with collaboration from HashPort, KDDI, Lawson and Canal Payment Service. Participants will use HashPort Wallet to display a barcode scanned at the register, with the JPYC balance updated based on transaction information. The trial will evaluate POS integration requirements, checko

According to Jin10, forex options on the euro, British pound, Japanese yen, Canadian dollar and other major currencies are set to expire at 22:00 UTC+8 on July 13. The expiration includes 5 strike prices with notional values exceeding 1 billion each. Market participants are advised to manage risk exposure ahead of the event.

According to on-chain analyst Ai Yiyi, smart money yixie10 saw a 1.914 million USD unrealized loss on its Haixi ADR position as of July 13. The trader had originally planned to take profits of 320,000 USD through a TWAP order ahead of Haixi ADR's official trading launch, but canceled the order halfway through. The remaining 10,000 HDR tokens, valued at approximately 13.19 million USD, are now underwater.

According to Coinglass, on July 13, funding rates across major centralized and decentralized exchanges show significant bearish sentiment as Bitcoin continues to decline. The data indicates the market is maintaining a predominantly short position.

According to the Wall Street Journal, Apple has filed a lawsuit against OpenAI, echoing its historical strategy of using litigation to delay competitive threats—similar to its multi-year legal battles with Samsung over Android. The lawsuit may slow OpenAI's recruitment of Apple employees and increase legal risks for its hardware development. OpenAI acquired hardware startup io Products, founded by former Apple designer Jony Ive, to develop devices aimed at reducing users' dependence on smartphon

On July 13, Japanese Prime Minister Sanae Takaichi reaffirmed her government's support for Web3 innovation and startups in a video address to WebX 2026 in Tokyo, positioning blockchain and digital assets as part of Japan's national growth strategy. Takaichi highlighted the "Startup Total Support Package," compiled in May 2025, and emphasized public-private cooperation in strengthening the innovation ecosystem. WebX 2026 runs through July 14 at The Prince Park Tower Tokyo, organized by CoinPost.

According to Foresight News, former Interpol President H.E. Ahmed Naser Al-Raisi joined Robo.ai today, assuming the role of chairman at its subsidiary Neurovia AI. Al-Raisi will guide the company's strategic alignment with the UAE's national artificial intelligence strategy, strengthen top-level security governance, support partnerships with government and enterprise clients, and drive international business expansion.

According to Barron's, Alphabet, Microsoft, Amazon, and Meta have committed billions of dollars to artificial intelligence infrastructure, with earnings reports revealing the scale of capital expenditure. Alphabet will lead earnings disclosures on July 22, followed by Microsoft on July 29 and Apple on July 30. FactSet analyst consensus expects Alphabet's second-quarter capital expenditure to reach $44.9 billion, a 100% increase year-over-year. Analysts project capex guidance will remain elevated

On July 13, Michael Saylor said Bitcoin is an emerging network composed of wallets weighted by satoshis, nodes weighted by transaction volume, and miners weighted by computing power. He noted the network maintains a dynamic balance among capital, consensus, and security, with influence gained through contribution to the network rather than ambition.

Shanghai silver main-contract futures fell 4.00% intraday on July 13, trading at 14,086 yuan per kilogram.

Japanese yen fell 0.4% to 162.32 against the U.S. dollar today. The decline came after reports that Japan does not plan to adjust the asset allocation of its government pension investment fund.

According to Yonhapinfomax, South Korea's government unveiled a record budget plan on July 13, projecting national tax revenues to reach over 500 trillion won in 2027, up from an initial forecast of 412 trillion won, driven by semiconductor supercycles and AI expansion. The government plans total expenditures of over 800 trillion won, a 10% increase from 2026, with 50 trillion won in structural adjustments including 15% cuts to discretionary spending and 10% reductions in mandatory outlays. Thes

According to German defense sources, Germany is procuring 50,000 attack drones for Ukraine at a cost of approximately €90 million ($103 million), as confirmed by Auterion CEO Lorenz Meier on July 13. The order represents one of the largest Western government drone purchases for Kyiv and involves Shrike FPV drones produced by Ukrainian manufacturer SkyFall, equipped with autonomous targeting software developed by U.S. defense technology firm Auterion. Some units have already been delivered to Ukr

Spot gold fell below $4,050 per ounce on July 13, declining 1.70% during intraday trading.

According to CoinPost, Bitmine chair Tom Lee said on July 13 at WebX 2026 that the crypto market weakness this year stems from four factors: a shift in U.S. Federal Reserve monetary policy expectations from four rate cuts to two rate increases; uncertainty surrounding the U.S. Clarity Act; capital concentration in AI investments; and weakness in financial sector stock prices. However, Lee noted that most of the crypto market's downward momentum has faded and the market may currently be near its

According to Michael Burry's Substack post on Sunday, his Cassandra Unchained newsletter crossed 300,044 subscribers in just 231 days since its November 2025 launch. At an annual subscription rate of $379 per year, this represents a theoretical annual revenue of approximately $113.7 million if all subscribers were paying annual members. The newsletter now reaches readers across all 50 U.S. states and 212 countries, with 52% of the subscriber base located outside the United States.

According to Beating, AI training platform Prime Intellect released Verifiers 0.2.0 and previewed its next-generation Verifiers v1 architecture. Verifiers is an open-source framework for testing and scoring AI agents, while the newly open-sourced prime-rl framework trains models based on task results. The v1 architecture decouples task definition, tool selection, and scoring rules (Taskset) from agent execution methods (Harness) and runtime environments (Runtime), allowing developers to reuse th