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
20:58

Freeport-McMoRan Reports Q2 Earnings of $1.1B as Gold Prices Rise 37% YoY to $4,520 per Ounce

According to Kitco News, Freeport-McMoRan (NYSE: FCX) reported adjusted second-quarter 2026 earnings of $1.1 billion, or $0.74 per share, backed by strong gold and copper prices. The company realized an average gold price of $4,520 per ounce, a 37% increase from $3,291 per ounce in Q2 2025, while copper prices climbed 36% to $6.17 per pound. Freeport produced 192,000 ounces of gold during the quarter, with the company guiding for approximately 650,000 ounces of gold sales in full-year 2026 at an
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20:57

Robinhood CEO Vlad Tenev's X Account Hijacked to Promote Fake VLAD Token; Scammers Extract 690 ETH

According to Bitcoin.com News, hackers hijacked Robinhood CEO Vlad Tenev's X account on July 23, 2026, to promote a fake VLAD meme token. The fraudulent post, which reached nearly 800,000 followers, falsely claimed the token was the official mascot of Robinhood Chain and would be listed on the Robinhood app. Scammers extracted an estimated 690 ETH, worth approximately $1.3 million, before the token collapsed. Robinhood's communications team detected the breach at around 2:05 p.m. ET and confirme
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ETH-2.20%
20:51

German Bund 10-Year Yields Hit 15-Year High at 3.23% as Oil Surges Past $100

According to Yonhapnews, German Bund 10-year yields reached 3.2304% on July 23, their highest level since May 2011, driven by surging international oil prices and monetary policy expectations. Brent crude briefly exceeded $100 per barrel for the first time since May 26, amid escalating U.S.-Iran tensions and concerns over Red Sea blockade risks. The European Central Bank held all three main policy rates unchanged on the day, including the deposit rate at 2.25%. However, ECB President Christine L
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20:51

Gold Futures Fall to $4,046/oz on July 23 as Inflation Concerns Mount

According to Yonhap Infomax, gold futures fell sharply on July 23, with August deliveries on COMEX dropping $105.60 (2.54%) to $4,046.30 per troy ounce by 2:27 p.m. ET. The decline was driven by rising U.S. Treasury yields, which hit 4.70% for the highest level since January 2025, and surging oil prices, with Brent crude exceeding $100 per barrel for the first time since late May. Jim Wickoff, market analyst at American Gold Exchange, noted that higher oil prices pushing up bond yields signals c
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20:46

Goldman Sachs CEO Backs Crypto Clarity Act, Breaking With Wall Street Stance

According to Politico, Goldman Sachs CEO David Solomon this week expressed strong support for the Clarity Act, stating he is "very supportive of moving the Clarity Act forward" to establish market structure in the crypto sector. Solomon's endorsement positions Goldman apart from much of Wall Street, including JP Morgan CEO Jamie Dimon and major banking trade groups, who have lobbied against provisions governing stablecoin yield—a practice that allows crypto firms like Coinbase to offer rewards o
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20:46

Gold Drops to $4,066 Down 1.52%, Silver Falls 2.75% Amid ECB Hold and Rising Yields

According to Kitco, spot gold fell to $4,066.82, down 1.52%, while silver dropped to $58.06, down 2.75% Thursday morning, as rising Treasury yields, a firmer U.S. dollar, and crude oil prices above $90 a barrel offset safe-haven demand from escalating U.S.-Iran tensions in the Strait of Hormuz. The 10-year Treasury yield rose to 4.714%, its highest in the current move, pressuring bullion by lifting real-rate expectations. The European Central Bank held its benchmark rate at 2.25% after a June hi
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20:45

Brazil Races to Avert $1.8B Animal Export Ban to EU Before September 3 Deadline

According to Bloomberg, Brazil is taking urgent steps to avert a ban on animal product exports worth $1.8 billion to the European Union ahead of a September 3 deadline. As the world's largest beef and poultry exporter, the country is exchanging information and providing additional assurances to prove compliance with EU standards on antimicrobial use in livestock. Brazil failed to appear on an authorized exporter list announced by the EU in May.
20:31

U.S. Threatens to Void Saudi Nuclear Deal Unless Kingdom Joins Abraham Accords

According to White House Press Secretary Levitt, on July 23, the U.S. threatened to void its civil nuclear agreement with Saudi Arabia unless the kingdom signs the Abraham Accords. Levitt reiterated that the nuclear agreement's effectiveness depends on Saudi Arabia joining the accord, stating President Trump has repeatedly communicated this condition to Saudi officials and hopes to see them sign "as soon as possible."
20:31

Zhibao to Receive 3,500 Bitcoin Worth $220M in PIPE Financing, Buyer to Gain Board Majority

According to Odaily, Nasdaq-listed Zhibao Technology announced today it signed a non-binding PIPE term sheet with Joyertech and Information OPC to sell shares in exchange for approximately 3,500 Bitcoin, valued at roughly $220 million at current prices. Under the arrangement, the buyer is expected to designate a majority of board members upon deal completion, while the company's current management team will continue overseeing daily operations. The transaction remains subject to final valuation,
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BTC-1.22%
20:27

U.S. Sector ETFs Fall on July 23, Telecom Plunges 5.2% as Tech Slides 1.12%

On July 23, most U.S. industry sector ETFs declined, with consumer discretionary ETF down 4.61%, internet ETF down 2.56%, and semiconductor ETF down 1.15%. Among the S&P 500's 11 sectors, telecommunications sector led losses with a 5.2% decline, followed by consumer discretionary at 5.12%, while information technology fell 1.12%. Energy sector gained 0.56% and industrials advanced 1.77%.
20:18

U.S. Weekly Jobless Claims Fall to 187K, Below Forecast, Sending Spot Gold Down 1.41% to Session Lows

According to Kitco News, U.S. initial jobless claims fell to 187,000 for the week ending July 18 on Thursday, below economists' consensus forecast of 212,000. The Labor Department's release triggered a market selloff, with spot gold prices declining 1.41% to session lows of $4,071.59 per ounce. The four-week moving average for new claims also came in better than expected at 207,500 versus the forecasted 213,000.
20:17

Nasdaq-Listed Zhibao Signs Term Sheet to Raise $220M via Sale of 3,500 BTC

Zhibao Technology, a Nasdaq-listed Shanghai-based digital insurance company, announced Wednesday it signed a non-binding term sheet to receive approximately 3,500 Bitcoin as consideration for a PIPE financing deal worth roughly $220 million at current prices. Under the agreement with Joyertech and Information OPC, the buyer would designate a majority of the board of directors at closing, effectively taking control, while Zhibao's current management continues running day-to-day operations until a
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BTC-1.22%
20:17

Moonpay Adds Discover Network Support, Enabling Crypto Purchases for Third Major U.S. Card Brand

According to Bitcoin.com News, Moonpay added Discover Network as its third supported U.S. card brand alongside Visa and Mastercard, enabling cardholders to buy and sell crypto across Moonpay's network of more than 500 enterprise partners including wallets, exchanges, and fintech applications. The expansion removes payment friction for Discover cardholders and signals continued convergence between traditional finance payment infrastructure and crypto markets.
20:16

Southwest Airlines Ships 12.6M Gallons of Jet Fuel From Texas to California for First Time

According to Southwest Airlines CFO Tom Doxey, the Dallas-based carrier shipped 12.6 million gallons of jet fuel from Houston to Los Angeles on May 28, marking the airline's first such cargo shipment. The vessel traveled through the Panama Canal to address supply concerns on the West Coast, where prices are significantly higher and availability had become constrained. Jet fuel prices have remained volatile since February's U.S.-Israel strikes on Iran, with the West Coast more reliant on imports
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20:14

Intel Beats Q2 Estimates with 42-Cent EPS, Records 25% Revenue Growth Fastest Since 2011

According to CNBC, Intel reported second-quarter results on Thursday that significantly exceeded expectations, with adjusted earnings per share of 42 cents versus 21 cents expected and revenue of $16.1 billion versus $14.42 billion expected. The chipmaker's 25% revenue growth marked its fastest quarter since the third quarter of 2011. CEO Lip-Bu Tan attributed the performance to artificial intelligence demand, stating "AI is driving unprecedented demand for compute," as strong sales of server pr
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20:13

South Korean Robot Stocks Rally on Samsung Robotics Push; Rainbow Robotics Up 35.65% in 3 Days

According to the Korean Exchange, South Korean robot stocks rebounded sharply on July 23 following Samsung Electronics' formal entry into the robotics business. Rainbow Robotics, Samsung's largest shareholder subsidiary, surged 6.17% to 508,000 KRW (up 35.65% from July 21 opening), with gains of 9.73%, 16.28%, and 6.17% over three consecutive days. Doosan Robotics rose 3.25%, closing at 69,800 KRW, up 14.43% from July 21. Hyundai Motor also climbed to 429,000 KRW. Robotics-focused ETFs recorded
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