Gate Crypto Flash News and Market Updates

Gate News message, a whale wallet has supplied $39.2M worth of assets to @Aave and enabled them as collateral over the past 2 hours. The current Aave position shows 18K $ETH (~$33.4M) supplied and 5.78M $USDC supplied. The wallet currently has $0 borrowed against its collateral.

According to the Korea Financial Investment Association and data from the Korea Securities Depository's Save-ro portal, Korean retail investors' net purchases of U.S. stocks surged 4x from the previous month during July 1-23. Meanwhile, South Korea's domestic stock market triggered circuit breakers in 10 consecutive trading days, prompting investors to shift focus to U.S. equities.

According to The Defiant, Joseph DeLong, former CTO of SushiSwap, plans to launch Deepstate, a decentralized exchange, on Robinhood Chain next week. Deepstate features a fully on-chain limit order book design with orders and matching data stored in smart contracts. The specific launch date, trading pairs, fees, and token details have not yet been disclosed.

According to Foresight News, LONG co-founder Nate announced the protocol is injecting 25% to 50% of protocol fees into liquidity daily to enhance LONG asset liquidity. The protocol will ultimately hold permanently locked liquidity for community benefit, with no redemption mechanism available. Further expansion to additional assets will be announced on the LONG dashboard following verification.

Elon Musk announced that xAI will release Grok 4.6 within two weeks and Grok 4.7 within four weeks. The rapid release cadence marks an unusually accelerated development schedule for major AI model iterations.

According to Odaily, Brazil's São Paulo State Public Prosecutor's Office filed a civil lawsuit against World developer Tools for Humanity and Amazon AWS Serviços Brasil, alleging they illegally collected iris scan data from over 400,000 people in São Paulo. The prosecutors are seeking to halt the practice of paying participants 300 to 700 Brazilian reais in exchange for iris data, demand permanent deletion of collected information, and award at least 240 million reais (approximately $47.2 millio

According to SoSoValue, on July 24, Ethereum spot ETFs experienced total net outflows of $70.62 million, ending a five-day streak of inflows. Grayscale's Ethereum Mini Trust ETF (ETH) led with net inflows of $9.94 million for the day, bringing its historical cumulative inflows to $1.81 billion. Overall, Ethereum spot ETF total assets under management reached $10.17 billion, representing 4.53% of Ethereum's total market value, with cumulative net inflows hitting $11.18 billion to date.

According to Binance Research in a recent post, Gen Z represents the largest user base for Binance's direct stock, bStocks, and TradFi-Perps products, accumulating $80 billion in trading volume. The research also noted that 30% of Gen Z begin investing in early adulthood.

According to Yonhap News, South Korea's President Lee Jae-myung announced on July 25 that South Korea will become an indispensable core nation in the global AI supply chain. Speaking at a high-level conference in San Francisco, Lee pledged to position South Korea as a trusted AI semiconductor production base and supply chain partner. Lee stated that South Korea will leverage its world-class competitiveness and production capacity in memory chips to become a reliable AI chip manufacturer and supp

According to Morgan Stanley, on July 24 the bank initiated coverage of multiple bitcoin miners transitioning into AI infrastructure providers. Hut 8 received a buy rating with a $263 price target; Riot Platforms received a buy rating with a $36 target; Applied Digital received a neutral rating with a $36.50 target. Morgan Stanley highlighted that companies with large-scale grid-connected power assets are positioned to benefit from surging AI data center demand.

According to OpenAI, on July 25, the company is conducting a comprehensive review of the Hugging Face system breach incident under the supervision of its Safety and Security Committee, in collaboration with external advisors. OpenAI plans to release a technical report within the coming weeks, sharing insights and lessons learned from the incident.

According to Guru Club, U.S. natural gas futures broke below $2.9 on July 25, declining 1.1% during the day.

According to BlockBeats citing BIT market data, Tesla fell over 2% on Friday and declined nearly 18% this week (ended July 25), marking its largest single-week drop since 2022. SpaceX stock continued falling to record lows, declining over 7% for the week. The decline came as the Philadelphia Semiconductor Index fell 4.25%, with semiconductor stocks including SanDisk, Coherent, and SK hynix posting sharp losses.

According to Whale Alert, on July 25, 4,690 BTC were transferred from an unknown wallet to OKX, valued at approximately $300.6 million.

Science Corp. announced this week that its PRIMA retinal implant has received CE certification from the European Union, clearing the device for sale in 30 European countries. The approval makes PRIMA the first brain-computer interface medical device globally to obtain CE certification. According to clinical trial data published in The New England Journal of Medicine, 84% of 38 patients implanted with PRIMA successfully restored functional central vision, enabling them to recognize letters, numbe

According to Foresight News, custodial platform Ceffu has transferred 797,917 DEXE tokens to Binance since July 13, split across six transactions valued at approximately $6.15 million, making it the largest entity transferring the token outside exchanges. DEXE reached an all-time high of $49.432 on July 12 before declining; on July 21 alone, the token fell 88%.

According to Foresight News, stablecoin payment infrastructure Triple-A's hot wallet was attacked today, with over $9.3 million in funds stolen, converted, and bridged to Ethereum, as monitored by Specter.

According to The Block, payment company Wise plans to resubmit its U.S. national trust bank charter application under the GENIUS Act stablecoin regulatory framework. The U.S. Office of the Comptroller of the Currency (OCC) previously rejected Wise's original application, citing incompatibility with the Federal Reserve's new policy on payment system Master Account access, as stated in an OCC letter on July 21.

According to Foresight News, Cathie Wood's Ark Invest increased its stake in BitMine by 5,264 shares (approximately $83,000) yesterday (July 24).

According to the Wall Street Journal, Robinhood is discussing a potential partnership with Crypto.com to integrate the latter's prediction market services into Robinhood's platform. If the collaboration is finalized, Crypto.com's prediction market will be accessible to Robinhood users, allowing them to participate in prediction trading directly through Robinhood.