Gate Crypto Flash News and Market Updates

According to Beating, US bipartisan legislators have proposed the CATS Act to provide limited antitrust protection to AI companies. Under the proposal, competitors can share intelligence on model theft, distillation, and cyberattacks, and may jointly delay or restrict high-risk model launches when national security risks emerge. China is identified as the primary target, with the proposal specifically citing concerns over model distillation—the practice of querying advanced models and using coll

According to auction houses' reports, Sotheby's and Christie's reported record first-half sales in 2026, with Sotheby's reaching $4.4 billion (up 58% year-over-year) and Christie's reporting $4.5 billion (up 71%), marking their strongest starts to a year. Eight lots sold for more than $50 million in the period, compared with none in 2024 and 2025. Auction executives attributed the rebound largely to wealth creation from artificial intelligence, IPOs, and rising stock markets, with Sotheby's CEO

According to Beating monitoring, U.S. lawmakers from both parties recently introduced the AI Kill Switch Act, requiring large AI companies to maintain capabilities to throttle, pause, and completely shut down models. The Department of Homeland Security can order enforcement following an uncontrolled incident. The law applies only to major commercial systems with model development compute exceeding $100 million at U.S. cloud prices and annual revenue of $500 million or more. Trigger conditions in

SemiAnalysis, a semiconductor and AI research firm, stated on July 22 that Moonshot AI's open-source model Kimi K3 (with 2.8 trillion total parameters, full weights to be released July 27) significantly outperformed Nvidia's flagship open-source model Nemotron 3 Ultra across multiple benchmark tests. The research firm directly criticized the "Nemotron Committee" development model led by Huang Ren-yun, stating it is "not the correct path" for open-source AI. SemiAnalysis attributed the committee

According to CoinDesk, as Bitcoin prices fell from around $126,000 in October 2025 to approximately $63,000—a decline of roughly 50%—publicly listed cryptocurrency treasury companies began offloading BTC holdings this week to repay debt and fund operations. Satsuma Technology shareholders approved liquidating 668 BTC, while Sequans Communications sold 1,025 BTC and The Smarter Web Company disposed of 178 BTC to repay convertible bonds. Nakamoto sold around 284 BTC to raise approximately $20 mill

According to ChainCatcher, Web3 asset data platform RootData completed an upgrade to its perpetual stock futures ranking today (July 24). The upgrade increased the weighting of trading volume and open interest, and added leverage multiples and market share dimensions for each exchange. Latest data shows Binance, Hyperliquid, OKX, MEXC, and Bitget hold the top five positions by market share, commanding a combined 74.8% of the perpetual futures market. RootData currently tracks nearly 30 exchanges

According to BlockBeats, Baird on July 24 raised Advanced Micro Devices (AMD) price target to $1,250 from $625 while maintaining an "outperform" rating, a 100% increase driven by strong growth expectations for AMD's AI GPU and AI CPU platforms. In its forecast model, Baird assumes AMD will capture 15% of the AI GPU market, with AI GPU revenue projected to reach $147 billion by 2030. The analyst based the significant price target increase on estimates for AMD's preliminary earnings per share by e

According to CBS on July 23, citing U.S. military and intelligence officials, the U.S. military's air defense interceptor and precision-guided munitions are being consumed at an accelerating pace due to recent escalated military operations against Iran. The officials, speaking on condition of anonymity, stated that the current depletion rate of precision-guided weapons exceeds what the military initially sustained in early operations against Iranian forces.

Schlumberger reported second-quarter revenue of $8.97 billion, exceeding the expected $8.69 billion. Adjusted earnings per share came in at 55 cents versus the 51-cent forecast. The company's adjusted EBITDA for the quarter reached $1.9 billion against the anticipated $1.78 billion. The stock rose 2.5% in pre-market trading following the results.

According to MoneyDJ, Hong Kong's Hang Seng Index fell 0.98% to 24,963.23 points on July 24, while the Hang Seng Tech Index declined 1.47% to 4,629.51 points. Despite today's decline, the Hang Seng Index posted weekly gains of 1.63%, extending its fourth consecutive week in the green. The weakness was driven by technology-related stocks retreating, with major weightings in Alibaba and Tencent declining, while HSBC and Hong Kong Exchanges also pulled back.

According to the China Securities Regulatory Commission on July 24, Taotao Auto obtained approval to issue no more than 13,933,950 shares and list on the Hong Kong Stock Exchange. According to the prospectus, the company ranked first globally in the electric low-speed vehicle industry by revenue in 2025 with a market share of approximately 10.9%, according to Frost & Sullivan. The company offers electric mobility and power sport solutions, including electric low-speed vehicles, electric two-whee

According to Beating, Zhiyuan Innovation has officially launched its Hong Kong IPO process. The three-year-old general AI robot company previously denied Hong Kong listing rumors twice last year and has now publicly confirmed its push for a Hong Kong stock offering. Omdia data showed that Zhiyuan shipped 5,168 humanoid robots in 2025, accounting for approximately 39% of the global market and ranking first worldwide. The company has not yet disclosed filing timing, fundraising size, or target val

According to Coinglass data, if Bitcoin breaks above $67,000, cumulative liquidation intensity for short positions on major centralized exchanges (CEX) will reach $1.099 billion as of July 24. Conversely, if Bitcoin falls below $63,000, liquidation intensity for long positions is projected to reach $1.34 billion. The liquidation intensity metric reflects the relative importance of each liquidation cluster, indicating the strength of price reactions expected at specific price levels due to liquid

South Korea's five major financial groups—KB, Shinhan, Hana, Woori, and NH Nonghyup—posted combined net profit of 13.1 trillion Korean won in the first half of 2026, marking their highest semi-annual result on record. The gains were driven by rising market interest rates, which boosted net interest income, and a strong stock market performance that increased fee-based revenues.

According to Bloomberg, on July 23, SpaceX has begun turning away satellite operators seeking dedicated Falcon 9 launches beyond 2028 and halted rideshare reservations, pausing production of non-reusable Falcon components. HSBC analysts initiated coverage with a 'Hold' rating and $115 price target, suggesting marginal downside from current levels, as SPCX shares have fallen 13% from the $135 IPO price.

According to CNN Brasil, Brazil's B3 stock exchange has backed a 100,000 Brazilian reais ($19,600) loan with tokenized cattle from 10 dairy cows sourced from Fazenda Engenho Velho in Paraná state, valued at approximately 120,000 Brazilian reais ($23,500). The deal was structured by investment fund Target FIDC, with each cow receiving a unique digital token linked to an encrypted digital identity. AI-powered smart collars from agriculture tech company Cowmed monitor each animal's health. Cowmed c

According to local media and Xinhua News Agency, Bangladesh President Muhammad Shahabuddin Chowdhury submitted his resignation letter to National Assembly Speaker Shafiul Haque on July 24.

Russian Foreign Minister Sergey Lavrov and Iranian Foreign Minister Abbas Araghchi held talks on July 24, according to Russia's Foreign Ministry, to discuss escalating tensions in the Persian Gulf and threats to peace prospects in the region. Lavrov emphasized the necessity of reaching a stable agreement to end military operations and restore regional security and freedom of navigation. The talks occur amid escalating US-Iran tensions, with the U.S. imposing a naval blockade on Iran following Ir

According to filings released by China Securities Regulatory Commission on July 24, Zhenqu Technology has received approval for its Hong Kong IPO with plans to issue up to 35.2 million shares on Hong Kong Stock Exchange. Additionally, 56 shareholders of the electric control solutions provider will convert a combined 167.4 million onshore unlisted shares into offshore-listed shares, enabling full circulation on HKEx. CITIC Securities and Guotai Haotong serve as joint sponsors. Zhenqu supplies ele

According to the China Securities Regulatory Commission (CSRC), Xiaoxi Lake Culture and Tourism Co., Ltd., a state-owned water tourism service provider based in Yangzhou, Jiangsu Province, secured approval for Hong Kong listing on July 24. The company plans to issue no more than 51,473,600 common shares and list on the Hong Kong Stock Exchange. According to its prospectus, the company operates three main business segments: scenic water cruise services including value-added services and chartered