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
05:31

EV Truck Maker Zero One Raises 925M Yuan at 7B Valuation, Submits Hong Kong IPO Application

Recently, Zero One, a Chinese autonomous electric truck manufacturer, submitted an IPO application to the Hong Kong Stock Exchange main board, with Goldman Sachs and Haitong International serving as joint sponsors. In May 2026, the company completed a 925 million yuan (approximately $128 million) funding round, valuing the company at 7 billion yuan. Investors include CATL, Temasek, Momenta, NIO Capital, and others. Zero One has delivered over 1,000 new energy smart heavy-duty trucks cumulatively
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05:31

Visa and Artemis Report AI Agentic Payments Entering Practical Stage, Stablecoins Suited for Sub-Dollar High-Frequency Transactions

According to Odaily, Visa and Artemis jointly released research report "Agentic Payments from the Ground Up" recently, revealing that AI agentic payments are transitioning from theory to real-world commerce. The report categorizes agentic payments into two types: macro commerce, where AI agents complete bookings and subscriptions on behalf of users similar to traditional e-commerce; and micro commerce, involving high-frequency, low-value transactions between software, typically under $1. Stablec
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05:31

Bank of Korea Raises Rates 25bp, Signals Potential August Hike

According to Societe Generale strategist Kiyong Seong, the Bank of Korea raised its benchmark rate by 25 basis points on July 16, with signals indicating a potential consecutive rate hike in August. Although Governor Rhee Chang-yong's remarks were viewed as hawkish, markets had previously anticipated a more aggressive outcome, such as a 50bp increase.
05:30

UBS Raises AMD Price Target to $700, Citing New AI Chip Customers

According to UBS, on July 15, the bank raised its 12-month price target for AMD to $700 from $670 while maintaining a Buy rating. Analyst Timothy Arcuri expects Amazon and Anthropic to become major customers for AMD's next-generation MI450X AI accelerator. AMD's stock has surged 112% over the past three months amid expanded AI data center investment. UBS also cited easing supply constraints from Taiwan Semiconductor Manufacturing Company (TSMC) as a factor likely to boost AMD's AI chip productio
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05:27

CME Energy and Metals Show Mixed Trading, Gold, Silver, and WTI Crude Drop on July 15

According to CME data, on July 15, trading and open interest in energy and precious metals diverged. Gold, silver, and WTI crude all saw declines in both volume and open positions. Gold volume fell by 54,619 contracts to 143,347, with open interest down 2,417 to 381,272. Silver volume decreased by 1,363 to 40,056 contracts, and open interest dropped 778 to 104,245. WTI crude volume declined by 787,554 to 917,303 contracts, with open interest down 4,896 to 1,870,600. In contrast, copper, Brent cr
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05:25

Burry Mocks Data Center 'Fantasy' in ORCL, NVDA, AMZN; Trump Calls Them 'Money Machines'

Michael Burry posted an AI-generated image late Wednesday titled "Heptalogy of Data Center Fantasy," depicting Alphabet, Amazon, Meta Platforms, Oracle, Microsoft, Caterpillar and Nvidia as books in a fictional series, signaling skepticism toward the AI data center boom. The same day, U.S. President Donald Trump praised data centers as "big, strong, bold money machines" capable of generating jobs and tax revenue. Trump noted that states including Texas, Florida, Arizona and Alabama could capture
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05:25

June PPI Data Supports Fed's Current Policy Stance, Says 21Shares Analyst

According to 21Shares macro research chief Stephen Coltman on July 16, the U.S. June PPI data released Wednesday likely satisfies the Federal Reserve. The data further confirms the inflation slowdown trend reflected in prior CPI data that came in below market expectations. Coltman stated that the Fed should view the current monetary policy stance as sufficiently restrictive to support inflation gradually returning to the Federal Open Market Committee's target level.
05:23

U.S. PPI Comes in Below Forecast on July 16, Signals Fed May Hold Rates Steady

According to TruStage chief economist Steve Rick, U.S. PPI data came in below forecast on July 16, a positive development for the Federal Reserve. Rick noted that the softer price data suggests inflation may be gradually approaching the Fed's target and could reinforce market expectations that policymakers can maintain current interest rates without further increases.
05:17

Bernstein Maintains TSMC Outperform, Q2 Revenue Beats Guidance as Advanced Process Demand Outpaces Supply

According to Bernstein, TSMC's Q2 revenue reached the high end of guidance and slightly exceeded market expectations on July 16, driven by strong demand for advanced process nodes and AI chips. The firm maintains its Outperform rating with a U.S. ADR target price of $430, implying 14% upside from the July 13 close. Bernstein forecasts TSMC's 2026 capital expenditure at $53 billion and 2027 at $68 billion, with CoWoS monthly capacity reaching 135,000 wafers by end-2026 and 195,000 by end-2027. Th
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05:14

ASML Raises 2026 Revenue Guidance to €43-45B Amid AI Chip Equipment Demand

ASML Holding NV raised its 2026 revenue forecast to 43 billion to 45 billion euros (approximately $49 billion to $51 billion) this week, CEO Christophe Fouquet announced, driven by strong demand for AI-related semiconductor manufacturing equipment. The company lifted its earlier guidance range of 36 billion to 40 billion euros, with expectations for advanced logic and foundry-related equipment sales to grow more than 25% and memory equipment sales to rise more than 75% this year.
05:13

Alibaba and Baidu Shares Rise 5% and 4% on July 16 After Announcing Apple Intelligence Partnerships for China

According to CNBC, Alibaba and Baidu shares rose 5% and 4% respectively on July 16 after both announced collaborations with Apple on Apple Intelligence features for China. Alibaba said its Qwen model would be integrated into Apple Intelligence across iOS, iPadOS, macOS, and visionOS for Chinese users. Baidu is also working with Apple on Apple Intelligence features for iPhones in China. The announcements follow approval from China's Cyberspace Administration on July 15, which included Apple Intel
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05:11

Securitize and Cantor Fitzgerald Launch Blockchain-Based IPO Infrastructure on July 15

According to their joint statement on July 15, Securitize and Cantor Fitzgerald announced a partnership to enable blockchain-based IPOs and follow-on offerings while maintaining existing regulatory frameworks. Cantor will provide equity capital markets expertise and trading capabilities, while Securitize will supply blockchain infrastructure for tokenized securities issuance and management, along with participation through its SEC-registered broker-dealer subsidiary, Securitize Markets. The coll
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