Gate Crypto Flash News and Market Updates

According to Yonhapnews, on July 28, South Korea's President Lee Jae-myung emphasized three concrete cooperation areas with Brazil during a business roundtable in São Paulo. The president highlighted next-generation commercial aircraft development, critical mineral supply chain collaboration, and K-beauty as priority sectors. Lee noted that combining South Korea's advanced manufacturing capabilities with Brazil's abundant resources—including lithium, nickel, and iron ore—could position both nati

According to the API, U.S. crude oil inventories fell 3.296 million barrels for the week ended July 24, significantly exceeding the expected decline of 1.35 million barrels and reversing the prior week's increase of 2.603 million barrels.

According to TheStreet, 1inch announced the full public launch of Aqua on July 28, a self-custodial shared liquidity layer that allows providers to use the same wallet balance across multiple positions without locking assets in a pool. Aqua goes live on 13 EVM chains including Ethereum, Arbitrum, Base, BNB Chain and Robinhood Chain. To incentivize participation, the 1inch Foundation committed 10 million 1INCH tokens in provider rewards, with an additional 500,000 USDC from the 1inch DAO. The pro

The Nasdaq Golden Dragon China Index closed up 1.08% at 6,325.46 on July 28. Among major Chinese tech stocks, Li Auto gained 4.9%, Atour gained 4.5%, Netease rose 3%, Xiaomi advanced 2.3%, New Oriental gained 1.7%, and Pinduoduo and Tencent each rose 1%. Alibaba added 0.3%, while Baidu and ASMedia declined 0.3% and 7% respectively.

On July 24, three cryptocurrency investors filed a federal lawsuit against Apple (Nasdaq: AAPL) in the U.S. District Court for the Northern District of California, alleging they collectively lost $1.8 million in Bitcoin through a counterfeit wallet app listed on the App Store. The fake app impersonated Sparrow Wallet, a legitimate Bitcoin wallet available only on Windows, macOS, and Linux. Users were tricked into entering their recovery phrases, which the scammers used to transfer Bitcoin to wal

On Tuesday (July 28), U.S. sector ETFs posted mixed results. Global airline ETF rose 2.87%, healthcare ETF gained 2.38%, and internet stocks ETF advanced 1.59%. Meanwhile, semiconductor ETF fell 3.45%, global tech ETF declined 2.08%, and technology ETF dropped 1.84%. Energy ETF lost 1.35%.

According to Farside Investors, US spot Bitcoin ETFs recorded net outflows of $11.6 million on July 27, marking the third consecutive day of capital exodus. BlackRock's IBIT fund led outflows with $8.8 million, followed by Fidelity's FBTC with $2.8 million. The outflow rate has begun to slow. In contrast, Ethereum ETFs experienced net inflows of $11.7 million on the same day, reversing previous outflow trends. BlackRock's ETHA fund accounted for the entire inflow. Spot Solana ETFs also recorded

According to Google Research, a new study released last week analyzing 15 million anonymized Gemini interactions found that AI use remains shallow and collaborative, with no evidence to support claims of massive workplace automation or white-collar job displacement. The AI & Economy ATLAS research examined interactions across Gemini App, Google AI Mode, and the Gemini API, concluding that end-to-end task automation remains limited in scope. While white-collar workers in computers, finance, and a

According to Bitcoin.com News, bitcoin tumbled 2% on Tuesday, plunging to an intraday low of $62,684 before recovering to trade near $63,660 by 2:37 p.m. EST. The sharp decline wiped out $134 million in leveraged long positions, with an additional $22 million in short liquidations bringing total bitcoin-related liquidations to $156 million. Across the broader crypto market, long liquidations totalled $515 million. Bitcoin's monthly losses now stand at 4%, with its market capitalization down to $

According to ChainCatcher, JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are collaborating to build a shared tokenized deposits network to be operated by The Clearing House, targeting launch in the first half of 2027. The network will convert commercial deposits into tokens transferable around the clock among member banks, with initial users targeting multinational corporations. The platform will offer programmable treasury, real-time liquidity management and cross-border payments.

According to Korea Exchange, institutional pension funds, including the National Pension Fund, made net purchases of 105 billion won on the KOSPI market from July 1 through July 28, amid a month-long sell-off exceeding 2,400 points. National Pension Service Chairman Kim Sung-ju stated the fund would adhere to long-term investment principles without being swayed by market volatility.

According to the Citi/YouGov survey released on July 28, British households' one-year-ahead inflation expectations fell to 3.4% from 3.8% in June. Long-term expectations, measured over a five-year horizon, declined to 3.7% from 3.9%. The Bank of England is scheduled to announce its interest rate decision on July 30 or July 31.

On July 27, a state-backed Chinese firm began manufacturing domestically developed immersion deep ultraviolet (DUV) lithography machines, the critical tools used to etch patterns onto semiconductor wafers. The initial production run targets roughly five machines in 2026, scaling to approximately twenty in 2027, compared to ASML's projected output of around 130 DUV units in 2026. The first shipments are earmarked for China's largest chipmakers, including SMIC, Hua Hong Semiconductor, and ChangXin

On July 15, Ankr launched Forge, a rewards platform that ties incentives to actual infrastructure revenue rather than token emissions. Users convert $ANKR holdings and complete on-chain missions to earn Forge Points, which determine allocations in periodic Forge Drops and unlock eligibility for token generation events from partner projects. Ankr processes over 1 trillion RPC requests monthly across 80+ supported blockchains, with that infrastructure revenue directly funding the rewards program.

Dina Boluarte took the oath of office on July 28 as Peru's president in Lima, with her term set to run through July 2031. During the ceremony, she identified addressing El Niño phenomenon and improving public security as two national emergencies for her administration, while pledging to accelerate infrastructure development and advance reforms in youth employment, education, and social safety net programs.

Hyperscale Data, the AI data center company trading on NYSE American under ticker GPUS, recently purchased an additional 18.59 Bitcoin, bringing its total holdings to 1,106.04 BTC worth approximately $70 million. The company has accumulated this position through a combination of open-market purchases and Bitcoin mining outputs over the past 18 months, with Executive Chairman Milton "Todd" Ault III positioning Bitcoin as a core treasury asset to support the company's AI infrastructure and broader

The U.S. API will release its crude oil inventory data for the week ending July 24 within the next 10 minutes.

Morgan Stanley Investment Management launched Ether and Solana exchange-traded products in July, expanding its crypto fund lineup. The Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) track ETH and SOL performance respectively, using CoinDesk benchmark settlement rates. Both funds carry a 0.14% expense ratio and will stake a portion of holdings, with rewards passed to investors. Morgan Stanley confirmed it will retain no staking rewards from either fund.

Bloom Energy reported Q2 adjusted EPS of $0.78 on July 28, 2026, beating analyst estimates of $0.40. Q2 revenue reached $1.07 billion, exceeding consensus expectations of $838.7 million. The company raised its full-year revenue guidance to $3.9 billion to $4.2 billion from the previous estimate of $3.4 billion to $3.8 billion.

According to BlockBeats, on July 29, Seagate Technology posted Q4 revenue of $3.63 billion, exceeding the market expectation of $3.49 billion. Adjusted earnings per share (EPS) came in at $5.71, above the consensus estimate of $5.08. The stock rose 5.44% in afterhours trading.