Gate Crypto Flash News and Market Updates

Kuwait's military confirmed that loud explosions heard in the country were caused by its air defense system intercepting enemy targets on July 16.

According to Zhitong Finance, major semiconductor chemical suppliers have announced price increases for electronic-grade chemicals in the third quarter, with Formosa Plastics and Hsiny confirming rate adjustments. Formosa Plastics, a key Asia-Pacific supplier of G5-grade electronic hydrofluoric acid (HF) and isopropyl alcohol (IPA), cited rising costs of raw materials including sulfuric acid, fluorite, and propylene as drivers for the HF price adjustment, while IPA pricing will reflect higher pr

According to Elon Musk on X, SpaceategX aborted the Starship V3 rocket test launch on Thursday evening (July 16) at 6:45 p.m. ET after engines failed to start, triggering an automatic launch abort. Musk pledged to make another attempt "hopefully in a few days." SpaceX shares fell more than 3% in extended trading to $131.11, sinking further below its $135 IPO price set last month. The stock is on a five-day losing streak.

According to JPMorgan Chase analysts, Strategy raised its dollar cash reserves to $3 billion (from $2.55 billion) this week, while Bitcoin futures recorded positive inflows—both cited as "positive signals" for Bitcoin's outlook despite recent volatility in spot Bitcoin ETF flows. The bank noted that Strategy's leveraged ETF saw stable, consistent positive inflows over the past seven weeks, primarily from retail investors, which may have supported the company's share price above its Bitcoin holdi

According to Yonhapinfomax, Bank of Korea Governor Shin Hyun-song on July 16 and Federal Reserve Chair Kevin Warsh on July 15 both stressed that monetary policy should prioritize the real economy over financial market fluctuations. Shin stated that stock price movements are not a decisive variable in monetary policy and that central banks should focus on impacts to the real economy and financial system stability rather than equity volatility. Warsh similarly emphasized that the Fed's focus will

According to Yonhapinfomax, on July 17, South Korea's 10-year government bond futures rose 29 basis points to 105.70 overnight, with trading volume surging to 507 contracts from 85 on the previous session. The 3-year futures climbed 3 basis points to 102.92. The gains came as U.S. economic data remained robust—June retail sales rose 0.2% month-over-month, meeting expectations, while core retail sales excluding volatile categories grew 0.5%. U.S. 10-year and 30-year Treasury yields each increased

The Dutch Authority for the Financial Markets authorized Bitpay B.V. as a crypto-asset service provider (CASP) on July 16, according to an official company announcement. The approval enables Bitpay to offer regulated cryptocurrency payment services across all 27 EU member states, including payment processing, stablecoin-denominated transactions, cross-border transfers, and consumer spending tools. The MiCA license consolidates Bitpay's regulatory standing under a single EU framework rather than

According to securities analysts on July 17, Hanwha Ocean has absorbed the impact of losing Canada's Patrol Submarine Project (CPSP), with the market's focus shifting to upcoming defense contracts. The defense premium that reflected large submarine export prospects has largely faded, though the company maintains profitability in its shipbuilding division, positioning overseas naval vessels and marine engineering projects as new growth drivers for the stock.

Gate News message, the Resolv Labs attacker has resumed moving stolen funds. After stealing approximately $25.9 million in March, the hacker transferred 580 ETH (approximately $1.09 million) in recent hours and is actively routing the funds through mixers.

According to FTC filings disclosed in July 2026, xAI completed its acquisition of APR Energy, a mobile power generation company, for over $1 billion. The deal was not publicly announced by xAI but was revealed through U.S. Federal Trade Commission regulatory documents after obtaining early termination of antitrust review. APR Energy operates more than 1GW of mobile power capacity using trailer-mounted gas turbines and diesel generators. The acquisition aims to support xAI's Colossus supercompute

According to MarketWatch, the Philadelphia Semiconductor Index fell to near bear market territory on Thursday (July 16), down 19% from its June 22 record high. The index dropped 4.3% to close at 11,876.50 points, just short of the 11,707.78 level that would confirm a bear market (a 20% decline from peak). Meanwhile, market rotation is accelerating as investors diversify away from semiconductor stocks. Financial stocks hit record highs on strong bank earnings, and retail and transportation stocks

According to Iran's Army public relations department, Iran's military launched drone strikes against Sheikh Isa Air Base in Bahrain in the early morning of July 17, as part of Operation Lightning's 11th phase. The statement indicated that the attack targeted U.S. helicopter deployment areas and P-8 reconnaissance aircraft positions using Aras suicide drones. Iran stated the action was in response to recent U.S. strikes on Iranian civilian infrastructure that caused civilian casualties.

According to the Korea Exchange and Economist, South Korean listed companies Hanksung Enterprise and Monami saw their share prices rally on July 13 amid stricter delisting criteria. Hanksung Enterprise's market capitalization reached 577 billion won after surging from around 5,500 won in early 2026 to over 11,000 won in mid-July, driven by retail investor demand. Monami shares similarly rose from 1,900 won to 2,600 won over the same period. Securities analysts attribute the unusual surge to inve

According to Korea Exchange data, KOSPI's average daily volatility since May has exceeded the U.S. Nasdaq index, with the South Korean benchmark recording 401-point swings compared to Nasdaq's 392 points. On June 23, KOSPI hit a historic single-day swing of 971.61 points. Circuit breakers and side-car mechanisms were triggered 37 and 7 times respectively in 2026, marking record highs. Analysts note KOSPI's perceived volatility is three times higher than Nasdaq when adjusted for index levels, des

According to Korea Exchange and KOSCOM, 16 single-stock leveraged and inverse products (including 2 inverse variants) related to Samsung received approximately 7 trillion won in net inflows between June 16 and July 15, amid regulators implementing measures to raise entry barriers for single-stock leverage investments.

According to Barron's Magazine, Apple hit a fresh record high on July 16, with the stock rising 1.7% to $333.26 per share and market cap climbing to approximately $4.89 trillion. This marks the second consecutive trading day of new highs. The magazine noted that Wall Street views Apple as an "anti-AI" investment due to its more measured AI spending strategy compared to other Magnificent Seven tech giants including Alphabet, Microsoft, Amazon, and Meta, which have invested hundreds of billions in

According to the Economist, South Korea's KOSPI index fell 8.95% on July 13, triggering a circuit breaker—the seventh trading halt this year. The selloff reflects market concerns about peak artificial intelligence investment and potential oversupply in high-bandwidth memory (HBM) and DRAM chips, with semiconductor stocks including Samsung Electronics and SK Hynix bearing the brunt as profit-taking accelerated. Despite the volatility, domestic and international analysts argue the current correcti

According to Bloomberg, a late May SMBC Nikko Securities survey found that 34.6% of Japanese investors aged 20-29 spent or plan to spend stock investment gains on luxury goods purchases, the highest proportion across all age groups and nearly matching the 34.5% who said they would reinvest. This shift comes as the Nikkei 225 index has risen more than 30% this year, with young investors riding gains to purchase high-end jewelry, sports cars, and designer items. The phenomenon marks a notable depa

According to Herald Economy, South Korean domestic brands saw stock prices surge recently. Monami, a pen manufacturer, jumped 187% within half a month, while Crayon (한성기업) soared 245%. Other brands including Vivian (lingerie) and Enex (home interior) also posted sharp gains.

According to Marex, the company has begun accepting Circle's USDC stablecoin as initial margin collateral for regulated derivatives positions, with Coinbase providing custody, conversion, and reporting. Prime Trading, a proprietary trading firm, completed the first transaction, transferring USDC to support cleared derivatives positions. The launch follows a December 8, 2025 CFTC no-action letter permitting registered futures commission merchants to accept stablecoins, Bitcoin, and Ether as custo