Gate Crypto Flash News and Market Updates

According to Jin10 data, geopolitical tensions in the Middle East have disrupted energy shipments through the Strait of Hormuz in mid-July 2026. U.S. military conducted vessel inspections in the Gulf of Oman, while sanctioned tankers reversed course in the region. Iran stated the strait will not reopen under U.S. pressure, and Iraqi and Syrian authorities plan to jointly develop a cross-border oil pipeline to bypass the waterway. Despite regional instability, Iraq's crude oil loading volume in t

According to Jin10 data, on July 17, Huatai Birui CSI 300 ETF reclaimed the top position as China's largest single-fund ETF with assets exceeding 93.5 billion yuan, surpassing Yinhua Daily Profit A, which ranks second with approximately 90 billion yuan in assets.

According to Saudi Arabia Television, Iran claimed that U.S. military strikes since June 22 have resulted in 38 deaths and 400 injuries. The Iranian statement attributed the casualties to ongoing military operations during the specified period.

According to Jin10 Futures, China's precious metals sector fell sharply on July 17 as overnight overseas declines transmitted to domestic markets. The selloff reflects stronger U.S. dollar and Treasury yields following escalating U.S.-Iran tensions that boosted oil prices and inflation expectations, while weak U.S. jobless claims and resilient retail sales data reduced expectations for Federal Reserve rate cuts. Silver, platinum, and palladium posted larger declines than gold, pressured by both

According to Coinglass data cited by PANews, the Coinbase Bitcoin premium index reached -0.0908% on July 17, marking 60 consecutive days of negative premium since May 19. This breaks the previous record of 40 consecutive days of negative premium from January 16 to February 24, and exceeds the approximately 30-day negative streak during the 1011 market crash.

On July 15, decentralized derivatives platform Hyperliquid launched perpetual futures contracts for Long-Xin Storage (a Chinese chip memory manufacturer) ahead of its Shanghai Stock Exchange IPO on July 16. The contracts were priced at $7.2 per share (approximately 52 yuan), compared to the IPO offering price of 8.66 yuan per share, implying a market valuation of about 3.5 trillion yuan—roughly six times the IPO issuance value of 579.2 billion yuan. Since launch, the contracts generated $1.32 mi

According to Binance, the exchange will suspend Cardano (ADA) deposits and withdrawals on July 19, 2026, at 04:44 UTC+8 to support the network's upcoming upgrade and hard fork. The network upgrade and hard fork are scheduled to take place at 05:44 UTC+8 on the same day.

Ledger unveiled Ledger Agent Stack, an open-source framework enabling AI agents to assist with cryptocurrency management while keeping final transaction control with users through hardware wallet approval. The toolkit allows AI agents to inspect wallet balances, review portfolios and prepare transfers without accessing private keys. Every transaction must be physically approved on a Ledger hardware wallet before execution, preventing AI agents from independently authorizing fund movements. The f

According to X posts and 1inch's official response, Anton Bukov, co-founder of the decentralized exchange aggregator 1inch, was dismissed in late November 2025 after advocating for management restructuring. Bukov remained absent from day-to-day operations starting December 2025. Despite his departure, Bukov retains a 50% stake in 1inch but holds no operational authority over product architecture, protocol security, or management decisions. Co-founder Sergej Kunz confirmed the change will not dis

According to Goldman Sachs, U.S. battery storage deployment will reach 172 GWh by 2030, up 50 GWh from previous forecasts, according to a July 16 report. The investment bank cited accelerating data center power demands and a 4-8 year utility grid expansion timeline, making energy storage with a 12-18 month deployment cycle the fastest solution. Globally, annual battery storage installations are projected to reach 2,100 GWh by 2040. Goldman Sachs highlighted a strategic shift: battery storage is

According to the International Monetary Fund, released today on July 17, the organization representing approximately 190 member countries urged the UK Government to resist increasing public spending despite pressures including rising household energy bills and an ageing population. The IMF called for a "cautious approach to new fiscal pressures," recommending that energy support measures remain "tightly targeted, temporary and budget-neutral" rather than universal subsidies. The fund specificall

According to Yonhap News, Seoul Mayor Oh Se-hoon criticized the South Korean government for failing to regulate leveraged derivative products that have caused significant stock market volatility. He noted that the KOSPI index has triggered circuit-breaker mechanisms 37 times in 2026, surpassing the 26-time record from the entire 2008 global financial crisis. Oh stated the government approved risky single-stock leverage products despite knowing their dangers, then remained passive as retail inves

According to Odaily, programmer Stefan Thomas holds 7,002 Bitcoin in an encrypted IronKey USB device that is now locked after 8 failed password attempts, leaving only 2 remaining tries. The IronKey is configured to permanently delete its contents after 10 incorrect password entries. Kingston, the device manufacturer, confirmed there is no backup password or alternative recovery method beyond the original password set by the user. At current valuations around $111,000 per Bitcoin, the holdings ar

According to Jin10, major Chinese stock indices plunged today (July 17). The Shanghai Composite Index fell 3%, while the Shenzhen Component Index dropped 5.65% and the Growth Enterprise Board Index declined 7.48%.

According to Gate data, Brent crude oil fell 1.00% intraday to trade at $83.26 per barrel on July 17.

According to Cushman & Wakefield, the company appointed Nick Guan as Executive Director of its East China Capital Markets team effective July 17. Guan brings 22 years of real estate industry experience, including 18 years specializing in large transaction advisory. His previous deal involvement totals over 10 billion yuan in transaction value.

According to Wall Street Journal, Meta Platforms hired the computing chief from Amazon Web Services today (July 17), sources revealed. The company is reportedly weighing entry into the cloud services market.

According to ABC News, Gabriel Perez, President Trump's teleprompter operator since 2016, allegedly won more than $100,000 on Kalshi's prediction markets over a three-month period, prompting the White House to place him on unpaid administrative leave. Kalshi's surveillance team flagged and referred the trades to the CFTC, with the regulator's head of enforcement Robert DeNault confirming the referral. Officials have discussed settlement terms requiring Perez to return his profits. Federal prosec

According to United Morning Post, on July 16, Taiwan's largest virtual currency exchange Bito Tech CEO Shi Qiren received a 22-year prison sentence for money laundering 2.3 billion New Taiwan dollars (approximately 92.13 million Singapore dollars) in collaboration with fraud rings. The court ordered confiscation of criminal proceeds exceeding 43.71 million New Taiwan dollars. Shi, who had connections to organized crime, was using Bito Tech as a shell company to illegally sell Tether (USDT) throu

According to CoinDesk, on July 17, Runestone co-founder Leonidas launched DOG Mode, an open-source Bitcoin client designed to bypass BIP 110 restrictions on non-financial data. The client increases standard transaction maximum weight units from 400,000 to 3,900,000—nearly the entire block capacity—and reduces dust limits from 294-546 satoshis to 1 satoshi. Leonidas stated that eliminating dust limits would unlock approximately $25 million in idle funds. DOG Mode requires no consensus or voting;