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
14:55

Kraken to Launch Agentic Trading App as Crypto Exchanges Compete on AI Capabilities

According to CNBC, Kraken is preparing to reintroduce its app with agentic trading as a core feature, where AI agents autonomously make trading decisions and execute transactions based on user inputs. The platform will enable users to access agents that continuously monitor markets, identify opportunities and trade in real time. Coinbase and Gemini have recently introduced similar AI-assisted trading capabilities, signaling a broader industry shift toward AI-powered financial services during the
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14:52

Bitwise Reports CLARITY Act's Probability of Passage Falls to 40% from 75%, Cites Market Caution in Q3

According to Bitwise's third-quarter outlook report, forecast markets have reduced the probability of the CLARITY Act becoming law this year to 40%, down significantly from 75% in mid-May. The asset management company attributed this decline to increased market caution regarding the regulatory process in recent weeks. Bitwise described the CLARITY Act—which could clarify how the cryptocurrency market will be regulated and shape the sector's structural framework—as a potential critical turning po
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14:51

U.S. Justice Department Reaches $26M Settlement with Keystone Pipeline Owner for 2022 Kansas Spill

According to the U.S. Justice Department on Friday, South Bow, the Canadian company that owns and operates the Keystone pipeline, agreed to pay over $26 million in civil penalties for Clean Water Act violations stemming from a 2022 pipeline rupture in Kansas. The company also committed to completing remediation work estimated to cost $40 million to prevent similar leaks in the future.
14:45

Nubank Obtains Full Banking License in Mexico, 15M+ Customers, Plans $4.2B Investment by 2030

According to Bloomberg, Nubank's parent company Nu Holdings obtained a full banking license from Mexico's financial regulator, Comision Nacional Bancaria y de Valores, on July 10, enabling expanded operations including salary accounts, checking accounts, higher deposit limits, and increased lending products. The fintech bank currently serves over 15 million customers in Mexico, representing approximately 15% of the adult population. CEO David Vélez stated the company expects total investment in
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14:45

SIG Scales Back China Venture Team While Retaining Bytedance Stakes

According to Beating, quantitative trading giant SIG is gradually scaling back its China venture investment team, with the team lead and multiple employees expected to depart. However, SIG is not fully exiting China; the company will retain a small number of employees to manage existing projects and its substantial Bytedance shareholding. SIG, which entered China's venture market in 2005, has invested in over 350 companies and was Bytedance's first institutional investor in 2012.
14:44

U.S. 10-Year Treasury Yield Falls to 4.532% on July 10 Amid U.S.-Iran Tensions

According to Yonhap Infomax, the U.S. 10-year Treasury yield fell to 4.532% on July 10 (8:15 AM ET), down 0.70bp from the previous trading day's close. The 2-year Treasury yield declined 0.20bp to 4.162%, while the 30-year yield fell 0.10bp to 5.052%. The 10-year and 2-year yield spread narrowed to 37.0bp from 37.5bp. The bond market decline coincided with Qatar's mediation efforts to de-escalate U.S.-Iran military tensions, according to New York Times reporting. The two nations resumed armed cl
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14:43

Hotcoin Launches Five TradFi Perpetual Contracts on July 10, as Market Volume Hits $54B

According to Hotcoin's announcement, the exchange launched five new TradFi perpetual contracts covering INTW, SNXX, XBI, BNC, and FWDI on July 10 at 19:00 UTC+8. The listings were disclosed via a post on X but did not include contract specifications or leverage details. Tokenized equity-linked derivatives volume on crypto exchanges surged from $831 million in July 2025 to $54 billion in June 2026, according to CryptoQuant data. Binance captured 80% of that volume, processing $53.8 billion in Tra
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14:42

Bitrue Lists Seven New USDT Perpetual Futures Pairs With 20x Leverage on July 10

Bitrue announced the listing of seven new USDT-based perpetual futures pairs on July 10, with trading scheduled to begin at 12:00 UTC. Users will be able to leverage up to 20x on the new contracts, the exchange confirmed in a post on X. The exchange did not disclose the specific trading pairs, funding rates, or other contract specifications at the time of announcement.
14:42

Backpack Launches 24/7 Trading of Real U.S. Equities for International Investors on July 10

According to Backpack's announcement on July 10, the platform launched 24/7 trading of real U.S. equities for international investors, enabling users to buy, hold, and sell genuine securities around the clock. The offering provides full legal ownership of underlying equities, instant settlement, and funding flexibility via fiat or stablecoins. Backpack also supports tokenized versions of these assets on Solana blockchain, allowing 1:1 conversion between traditional securities and on-chain tokens
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14:42

UK Police Investigate £500,000 in Reform UK Donations in February 2025 Probe

According to London's Metropolitan Police, British police are investigating at least £500,000 in donations to Nigel Farage's Reform UK party made before the 2024 general election. The investigation was launched in February 2025 after a referral by the Electoral Commission and centers on donations reportedly made by the mother of George Cottrell, a close political ally of Farage. Police said the investigation relates to potential offences under political party donation laws, including concealing
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14:41

Kalshi Sees $3.07B in 7-Day Trading Volume, Polymarket Logs $1.19B

According to Foresight News, over the past 7 days, prediction market platform Kalshi recorded trading volume of $3.073 billion, while Polymarket International saw $1.189 billion in volume for the same period. On a 30-day basis, Kalshi's trading volume reached $11.502 billion, with Polymarket recording $4.858 billion. Polymarket International's total value locked (TVL) stands at $405 million, according to DefiLlama data.
14:38

Trader James Wynn Accumulates $22M Losses Shorting S&P 500 With 50x Leverage on Hyperliquid

According to Onchain Lens, trader James Wynn has accumulated losses of approximately $22 million from sustained short positions on the S&P 500 index ($SP500) on Hyperliquid as of July 10. Despite multiple partial liquidations, Wynn opened a 50x leveraged short position about 15 days ago when the index traded near 7,300 points. The index subsequently rallied to over 7,550 points, triggering repeated liquidations. Wynn currently holds 120.9 $SP500 short contracts with a notional value of approxima
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14:37

USD/KRW Breaks Above 1,500 Won on July 10, Hits 1,505.00 in New York

According to Yonhap Infomax, the USD/KRW exchange rate broke above 1,500 won on July 10, trading at 1,505.00 won in New York at 9:25 p.m. The currency pair closed the regular session down 4.70 won to 1,501.40 won. A South Korean Finance Ministry official said the current exchange rate remains decoupled from fundamentals. Separately, Hanwha Ocean sold $2 billion worth of forward currency contracts through domestic and foreign banks, while SK Hynix ADR trading and potential dollar supply from futu
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