Gate Crypto Flash News and Market Updates

According to South Korea's Presidential Office Policy Director, Samsung and SK Hynix will sign major chip supply agreements with key U.S. technology companies during the South Korean president's visit to the United States.

According to Caixin, on July 23, Yang Jingyao, the third defendant in the Futu Holdings and Tiger Securities U.S. stock options insider trading case, surfaced while seeking to unfreeze assets. A statement filed with the U.S. court revealed that Yang, a Hong Kong resident since 2020 and the single largest shareholder of Hong Kong-listed Rongzun International, is a 32-year-old businessman and private investor. According to the insider trading allegation filed by Haina International Group on June 2

According to BlockBeats, the 10-year US Treasury yield rose to approximately 4.69% on July 24, reaching its highest level since January 2025 amid macroeconomic pressures and geopolitical tensions. This marked a rare occurrence during Trump's second term. Markets have historically labeled Trump's pattern of backing down from tariffs or policy threats during yield spikes as "TACO" (Trump Always Chickens Out). However, whether Trump will repeat this behavior remains uncertain, as the US Trade Repre

According to ChainCatcher, Morgan Stanley's Ethereum Trust has received notification from the U.S. Securities and Exchange Commission (SEC) regarding the effectiveness of its registration, marking further progress in the registration process.

According to media reports, Japan's Prime Minister Takayaki Takaichi announced on July 24 that the country successfully extracted approximately 50 tons of rare earth mud from the seabed around Minamitorishima Island at a depth of about 6,000 meters. The sample contains roughly 30% yttrium (Yttrium), a critical element used in semiconductors, automotive components, and high-tech manufacturing. Japan aims to reduce reliance on specific countries for rare earth supplies, particularly amid China's r

According to China Yuan Futures research published on July 24, the U.S. military conducted consecutive airstrikes on Iran this week, prompting Tehran to activate air defense systems. Iran's military responded by deploying unmanned drones to strike American forces stationed in Kuwait. The escalating tensions between the U.S. and Iran are raising geopolitical risk premiums in crude oil markets.

According to TS Imagine and Trumid, TS Imagine has expanded its integration with fixed income trading platform Trumid in Q2 2026, enabling institutional clients to access automated RFQ workflows, portfolio trading, and cross-protocol execution capabilities including Trumid's Full Self Trading technology through a single workflow. Trumid reported strong growth during the second quarter of 2026, with average daily volume on Trumid RFQ increasing 122% year-over-year, while automated trade volumes e

According to Foresight News, Bitget received the Global Outstanding Multi-Asset Innovation Platform and Asia Leading Innovative Trading Platform awards at the 2026 Wiki Finance Expo in recognition of its innovation in multi-asset trading markets. The platform's CFD trading volume reached $10 billion daily, with recent enhancements including zero-fee CFD trading and an upgraded copy trading system that extends crypto trading capabilities to broader multi-asset scenarios.

According to Foresight News citing growthepie data, Robinhood Chain generated $361,000 in protocol revenue over the past 24 hours, leading Ethereum layer-2 networks with a 44% daily increase. Ethereum mainnet and Polygon PoS followed with $273,000 and $86,800 respectively.

According to BlockBeats, UBS Securities analyst Wei Xiong said on July 24 that Chinese cloud providers maintain more disciplined investment pace with emphasis on ROI and sustainability, and he does not believe China's AI industry has a bubble. As model capabilities continue to improve and inference demand increases, investment in China's AI sector will gradually rise.

According to Nvidia CEO Jensen Huang in a recent Axios interview, the current semiconductor boom will not face a downturn "for a while," as the chip shortage is driven by fundamental infrastructure needs rather than consumer demand cycles. Huang argued that the semiconductor industry needs to expand five to 10 times its current size to meet AI infrastructure demands globally. Separately, Intel surged in after-hours trading Thursday after reporting Q2 revenue growth of 25%, the strongest increase

According to Manadia's official X announcement on July 23, 2026, the decentralized Web3 infrastructure network partnered with Swiss hardware wallet provider Tangem to integrate AI-powered value settlement with non-custodial hardware wallet technology. The collaboration combines Manadia's artificial intelligence-driven payment coordination with Tangem's hardware-based security architecture to strengthen secure Web3 payments and digital asset settlement. Tangem operates non-custodial hardware wall

Gate introduced stock copy trading on July 24, allowing users to replicate experienced portfolio managers' trading activity across U.S., Hong Kong, and South Korean equities, as well as ETFs. The feature, available via mobile app version 8.29.0 or later, enables fractional share purchases starting at 0.01 share and automatically synchronizes buy orders, partial exits, and full position closures. Investors gain access to over 12,500 stocks and ETFs—including approximately 10,000 U.S. listings, 1,

According to Deutsche Bank, the bank raised its price target for Raytheon Technologies (RTX) to $238 from $228 today (July 24), representing an upside of approximately 4.4%.

According to Bloomberg, Facebook has launched free badges to verify human users on its platform.

According to PANews, AI infrastructure chiplet platform company TYLsemi announced the completion of a $43 million early-stage funding round today (July 24), with Matter Venture Partners leading and Viola Ventures, GHOVC, and Egis Technology participating. The company unveiled a standardized chiplet portfolio covering IO interconnect, power management, and memory, along with full-stack design, packaging, and supply chain services. TYLsemi claims its platform can reduce both time and cost for cust

According to S&P Global, the UK services sector purchasing managers' index (PMI) came in at a preliminary reading of 51.8 in July, marking the highest level in three months, according to data released on July 24. Services activity reversed course from June's 48.8 reading, moving back into expansion territory above the 50.0 threshold. The UK composite PMI also improved to 52.1 in July, the highest reading within three months, rebounding from June's contraction at 49.3. The eurozone's services PMI

American Express reported second-quarter earnings per share of $4.53, beating estimates of $4.41. Revenue came in at $19.64 billion, slightly below the expected $19.69 billion. The company raised its full-year revenue growth forecast to 10% from the prior guidance of 9% to 10%. American Express maintained its full-year EPS outlook of $17.30 to $17.90. The stock declined more than 2% in premarket trading.

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