Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
03:45

NeurIPS Best Paper Author Launches AI Startup Valued at $200M, Backed by Five Sources Capital

According to Beating, Keyu Tian, first author of a NeurIPS 2024 best paper, has launched a startup focused on world models, raising tens of millions of dollars with a valuation of approximately $200 million. The project is incubated and funded by Five Sources Capital partner Mengxing Meng. Tian, a former ByteDance intern, registered multiple AI companies in Beijing this year. ByteDance sued him in 2024 over alleged code tampering and interference with model training, seeking 8.02 million yuan in
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03:42

BitMine's Tom Lee Sets $250,000 Long-Term Target for Ethereum, Holds 5.74M ETH

According to Foresight News at WebX 2026, Tom Lee, chairman of BitMine, set a long-term price target of $250,000 for Ethereum and stated that ETH is entering a "2.0 stage" driven by factors including a new foundation era, Agentic-AI, financial settlement layers, and Ethereum as a monetary asset. BitMine currently holds 5.74 million ETH, representing 4.8% of total ETH supply. Lee disclosed plans to gradually increase holdings to 5% and continue supporting Ethereum Foundation spinoffs including Et
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03:41

Bitget rToken Enables Asset Composability to Break RWA Liquidity Silos, Phyrex Analysis Shows

According to Foresight News, crypto KOL Phyrex published an in-depth analysis of Bitget's rToken issued by Reality, emphasizing that its core value lies in asset composability within unified accounts rather than being viewed merely as tokenized equities. For institutional users, the rToken's key mechanisms include direct order connectivity to U.S. stock order books to eliminate depegging risk, unified account margin collateral to improve capital efficiency, and Friday closing price anchoring for
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03:41

OKX Launches World Cup Prediction Activity With 500 Points and 4 BTC Prizes Through July 20

According to Foresight News, OKX has launched a World Cup prediction activity allowing users to select the final champion from four semifinalists: Argentina, England, France, and Spain. Users who correctly predict the champion will receive 500 points for the next Outcomes campaign. New users who sign up and make a correct prediction by July 20 can additionally share 4 BTC in aggregate rewards.
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03:37

Tencent's Hy3 Tops OpenRouter Weekly Leaderboard With 613 Trillion Tokens, Surpassing Xiaomi and DeepSeek

According to Beating, Tencent's Hunyuan 3 (Hy3), officially launched on July 6, topped OpenRouter's weekly LLM leaderboard, processing 613 trillion tokens in a single week—outpacing Xiaomi's MiMo-V2.5 (595 trillion) and DeepSeek V4 Flash (522 trillion). The free API access runs through July 21, after which paid tiers cost $0.14 per million input tokens and $0.58 per million output tokens.
03:37

OpenAI Tightens Advanced Model Access, Requires Hardware-Backed Security by Sept 1

OpenAI announced that members of its Trusted Access for Cyber program must enable hardware-backed Advanced Account Security by September 1, 2026, to maintain access to its most advanced frontier models. Users who fail to comply will revert to default model access levels. The company said the program is designed for enterprise customers, verified defenders, and legitimate cybersecurity professionals. OpenAI is also implementing additional restrictions on access from high-risk entities and jurisdi
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03:35

Singapore Police and Seven CEXs Prevent Fraud Losses of $4.2M for 145 Victims in Joint Operation

According to Bitcoin.com, Singapore's anti-fraud police and cyber investigation units conducted a six-week joint operation from April 16 to May 31, 2026, partnering with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX, and Upbit to identify and intervene with potential fraud victims. Using blockchain analysis tools from Chainalysis and TRM Labs, the teams made over 145 targeted interventions via phone and in-person outreach, preventing combined losses exceeding $4.2 million. Coinb
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03:32

Retail Traders Bet on SLS, MLTX as Merck Eyes Biotech Deals Ahead of Keytruda's $31.7B Patent Cliff in 2028

According to Stocktwits sentiment data as of July 12, retail traders are actively betting on Sellas Life Sciences (SLS) and MoonLake Immunotherapeutics (MLTX) as potential acquisition targets for Merck & Co. (MRK) as the drugmaker prepares for the approaching loss of exclusivity for its flagship cancer drug Keytruda. Keytruda generated $31.7 billion in 2025, accounting for 55% of Merck's pharmaceutical revenue, with the U.S. patent cliff beginning in 2028. SLS bulls are focused on the company's
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03:30

SK Hynix Confirms Positive Review of Korean Government Bond Investment on July 10

According to a senior SK Hynix executive, the company confirmed it is positively reviewing investment in Korean government bonds on July 10 (local time) in New York. The semiconductor manufacturer has already purchased approximately 20 trillion won in credit bonds this year and is expected to begin purchasing Korean government bonds in the second half of 2026 at a scale of trillions of won, according to bond market participants. The move is seen as a potential stabilizing factor for the Korean d
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03:28

CNH HIBOR Rates Rise on July 13, Overnight Rate Hits 1.43485%

According to Jin10, offshore yuan Hong Kong interbank offered rates (CNH HIBOR) mostly rose on July 13. The overnight HIBOR increased by 1 basis point to 1.43485%, marking its highest level since July 3. The one-week rate held steady at 1.45000%, the two-week rate fell to 1.46394%, and the one-year rate remained at 1.71939%.
03:25

Notebooks Below 5,000 Yuan Disappear From Market as Prices Surge Up to 1,000 Yuan, Dealers Forecast Year-Long Rally

According to Interface, notebook computer prices have surged significantly in recent weeks, with budget models below 5,000 yuan becoming increasingly scarce in mainstream retail channels. Gaming laptops have surged more than 5,000 yuan over the past six months, while standard configurations now commonly exceed 10,000 yuan even with subsidies applied. Dealers report base-model price increases of 800 to 1,000 yuan in this cycle, compared to minimal adjustments last year, and expect the rally to co
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03:23

Japanese PM Ishiba Delivers Video Address at WebX 2026, Reiterates Startup Support Plans

According to CoinPost, Japanese Prime Minister Shigeru Ishiba delivered a video address at the WebX 2026 opening on July 13, reiterating the government's commitment to supporting startups. Ishiba introduced the "Comprehensive Startup Support Plan" launched in May 2025, which includes increased government funding, expanded investments from financial institutions, and regulatory relaxation measures. She expressed hopes that the synergy between the Web3 conference and government policies will furth
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03:22

DSRV and Japan's SBI XDC Launch Joint Research for Enterprise Blockchain Expansion

On July 13, blockchain infrastructure firm DSRV announced it has launched joint research with Japan-based SBI XDC Network APAC to expand into the local enterprise blockchain market. SBI XDC is a joint venture between Japanese conglomerate SBI Holdings and blockchain developer TradeFinex Tech, leading the SBI Group's blockchain-based trade finance and B2B solutions business across the Asia-Pacific region. The collaboration will focus on XDC network-based enterprise solutions, trade finance, suppl
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03:19

Mitch McConnell Discloses Fall, Hospitalization Last Month on July 12

According to a statement issued on July 12, Mitch McConnell, former Senate Republican leader, disclosed that he suffered a fall last month and required hospitalization. Doctors confirmed he sustained no fractures, concussions, heart attacks, or strokes, and showed no signs of tumors or internal bleeding. However, McConnell did experience a brief loss of consciousness and was transported to the hospital. He has also been receiving treatment for mild pneumonia over recent weeks.
03:18

XRP Spot ETF Sees $7.18M Outflows in Week of July 6-10

According to SoSoValue data, XRP spot ETF experienced net outflows of $7.18 million during the week of July 6-10. Bitwise's ETF XRP saw the largest weekly outflows at $7.29 million, while 21Shares' TOXR recorded the most inflows at $107,400. As of July 13, the total asset value of XRP spot ETFs stands at $997 million, with cumulative net inflows reaching $1.48 billion.