Gate Crypto Flash News and Market Updates

According to Yonhap Infomax, on July 24, President Lee Jae-myung of South Korea met with four major U.S. AI industry leaders in San Francisco: Dario Amodei of Anthropic, Sam Altman of OpenAI, Jensen Huang of Nvidia, and Hock Tan of Broadcom. Altman and Lee reunited approximately 10 months after their last official meeting in Seoul on October 1, 2025, where they discussed AI infrastructure cooperation with Samsung and SK Group. Huang and Lee met again about nine months after their previous encoun

Bitcoin slipped below $64,000 on Friday, marking a reversal after nearly reaching $67,000 mid-week. The cryptocurrency tumbled to an intraday low of $63,666 in just over seven hours before bouncing back above $64,000, leaving it down roughly 1% on the day. The decline triggered $87 million in Bitcoin liquidations, comprising $70 million in long positions and $17 million in shorts. Across the broader crypto market, $312 million in leveraged positions were wiped out, reducing Bitcoin's market capi

According to CBOT data, Chicago corn futures rose 4.22% for the week ending Friday (July 24), closing at $4.8725 per bushel. Soybean futures gained 4.16% to $12.5250 per bushel, while soybean meal futures climbed 5.27% during the same period, extending gains as agricultural commodities rallied.

According to CoinDesk, on Friday, The World Foundation, the nonprofit steward of World Network, raised $52.5 million in fresh funding through a locked token sale. The round was led by Pantera Capital and included participation from Bain Capital Crypto and Eightco Holdings. World Network said the proceeds will be used to expand its identity verification technology across enterprises and AI agents, positioning the technology as infrastructure for proving users are human rather than automated syste

On July 24 afternoon, Iranian Foreign Minister Abbas Araghchi met Pakistani Deputy Prime Minister and Foreign Minister Ishaq Dar during the Shanghai Cooperation Organization foreign ministers' council meeting in Kyrgyzstan. The two officials exchanged views on bilateral relations and regional and international issues. Araghchi expressed gratitude for Pakistan's mediation efforts in recent months and stated that U.S. "breach of commitment and excessive pressure" are the main causes of the current

On July 17, 2026, an attacker exploited a missing 8-byte discriminator check in Risk Labs' offchain Solana relayer code to forge deposit events and drain approximately $4.5 million from the relayer's capital. The attacker submitted 1,627 forged deposits totaling roughly $41.7 million in face value across 18 destination chains; the relayer filled 581 before Solana was disabled. No user funds were lost or at risk; all genuine transfers were completed or refunded the same day. Risk Labs deployed a

According to Iran's Mehr News Agency, the U.S. military fired two missiles at an LPG carrier Friday afternoon as it entered the Gulf of Oman region, reportedly mistaking it for an Iranian gas transport vessel. The strike killed two crew members, damaged the ship's engine room, and forced the vessel to halt operations.

According to New York Times, citing U.S. intelligence officials, the U.S. intelligence community assessed on July 25 that Iran's new Supreme Leader Mujtaba has greater nuclear ambitions than his predecessor Khamenei, who previously vowed to forgo nuclear weapons development. Although Mujtaba has not publicly called for nuclear weapons development, U.S. intelligence officials believe he and the subsequent hardline government have aspirations to develop advanced nuclear weapons.

Elon Musk announced that Grok 4.6 will be released within the next two weeks, followed by Grok 4.7 within four weeks.

Spot Bitcoin ETFs recorded a net outflow of $225.18 million in the latest session, ending a seven-day streak of inflows, as institutional investors shifted capital towards US Treasury bonds. The 10-year Treasury yield reached 4.71%, its highest level in 18 months. BlackRock's IBIT led the outflows with $202.5 million, while Bitwise's BITB and Fidelity's FBTC also saw outflows. Bitcoin price declined over 3% in recent days amid rising oil prices and geopolitical tensions.

According to Elon Musk's X post, all code related to the X system will be open-sourced next month and subject to third-party audits. "Only complete transparency is worth trusting," Musk stated.

On Friday evening (July 24), Shanghai Gold Exchange gold T+D futures closed up 0.62% at 886.61 yuan per gram, while silver T+D futures gained 1.45% to close at 14,268.0 yuan per kilogram.

WTI September crude oil futures closed at $89.31 per barrel today (July 24), down $2.88 or 3.12%. The contract gained 9.21% over the week, marking the third consecutive weekly advance after four weeks of consecutive losses. NYMEX August natural gas futures settled at $2.8710 per million British thermal units.

NYMEX August gasoline futures settled at $3.3959 per gallon on July 24, while August heating oil futures closed at $4.1806 per gallon.

During night session trading on July 24, Shanghai Futures Exchange crude oil 2609 contract fell 2.55% to 577.70 yuan per barrel. Shanghai gold rose 0.18% while Shanghai silver gained 1.39%.

According to Kitco NewsWire, spot gold was trading near $4,055.00 on Friday, up 0.16%, while spot silver was trading near $58.31, up 1.35% on the session. Precious metals steadied after Thursday's selloff as traders weighed U.S. jobless claims data—which fell to 187,000 for the week ended July 18, the lowest level since September 1969—alongside the European Central Bank's decision to hold its deposit rate at 2.25%. The 10-year Treasury yield held near 4.70% and the U.S. dollar index remained ste

According to Jerusalem Post, the U.S. State Department stated that Turkey does not meet legal requirements to receive F-35 fighter jets. The department indicated that the aircraft cannot be transferred to Turkey until it fully complies with U.S. law.

According to Ukraine's State Emergency Service, Kyiv region's Buchansk district was struck by missile fire on the evening of July 24, killing 10 people and injuring dozens. The attack caused three apartment buildings to catch fire and damaged 23 residential buildings and two hotel facilities. The fires have been extinguished, and rescue operations are ongoing.

According to the New York Times, President Trump met with multiple top advisors on Friday to discuss Iran policy.

BitMEX and its co-founders were sued on Thursday in the Southern District of New York, accused of manipulating crypto derivatives trades to seize customer collateral. According to the complaint filed by BKX Services and David Namdar, the exchange used so-called "god access" to private customer data to execute strategic trades against users, while intentionally freezing servers during volatile market periods to prevent customers from adjusting positions. Plaintiffs allege BitMEX seized 100% of cu