Gate Crypto Flash News and Market Updates

According to NeobankBeat data as of July 2026, 368 neobanks are actively serving approximately 1.46 billion users globally, with only 127 holding complete banking licenses. The remaining two-thirds rely on partnerships with banks, electronic money licenses, or payment institution arrangements, meaning customers often do not know where their funds are actually held. Only 18% of the 368 neobanks have production-level AI deployments, with leaders concentrated in emerging markets including Nigeria,

According to the Korea Exchange, South Korea's KOSPI index triggered a circuit breaker this morning on July 28, falling 542.24 points or 8.02%. The halt marked the index's eighth circuit breaker trigger this year and the 14th in history.

According to BlockBeats citing Hyperinsight data, SKHX on Hyperliquid plummeted from $1,128.2 to $927 on July 28 at 7 a.m. Beijing time, triggered by extreme volatility during low-liquidity Korean trading hours. The price spike was transmitted via oracle to mark price, initiating cascading liquidations across long positions. Total liquidations in the past 4 hours reached approximately $79.4 million. Open interest on Hyperliquid fell from 410,700 contracts to 353,600 contracts, declining 13.9%, w

According to SoSoValue, HYPE Spot ETFs saw combined net outflows of $2.89 million on July 27. Bitwise Hyperliquid ETF (BHYP) led the outflows with $2.24 million, though it has accumulated $114 million in historical net inflows. 21Shares Hyperliquid ETF (THYP) recorded $659,000 in daily outflows, bringing its total net inflows to $51.6 million since inception. Total assets under management for HYPE Spot ETFs reached $279 million as of the update.

According to Digital Asset, the OKX app restored normal search, installation, and update functions on Google Play Korea on July 28, ending a four-day restriction that began on July 24. The restriction followed South Korea's Financial Intelligence Unit (FIU) policy under the Specific Financial Information Act to limit apps from unregistered overseas crypto asset service providers. Meanwhile, Bybit's app, restricted since July 10, remained blocked as of July 28 morning, indicating inconsistent enf

According to Jin10 Futures, the CNEX market-wide liquidity sentiment index reported 58 as of 10:15 on July 28, up 1 point from 08:45. Among segments, large banks reported 58, mid-size and small banks 60, and non-bank institutions 56, each rising 1 point.

According to Yonhapinfomax, South Korean government bond futures declined on July 28 morning. The 3-year contract fell 1 basis point to 102.87, while the 10-year contract dropped 3 basis points to 105.14. International oil prices extended losses following the U.S.-Iran ceasefire, with Brent crude at $88.36 per barrel and WTI crude at $82.61 per barrel. Foreign investors purchased 1,090 contracts of 3-year futures while selling 432 contracts of 10-year futures. Despite the oil price decline, U.S.

According to a Meralco statement on July 28, the Manila Electric Company said some level of system loss is unavoidable in electricity distribution and urged lawmakers to carefully consider President Ferdinand Marcos Jr.'s proposal to remove the charge from consumer bills. Meralco's system loss rate stands at 5.72%, well below the 6.5% regulatory cap set by the Energy Regulatory Commission. The company emphasized that reforms to the Electric Power Industry Reform Act should protect consumers whil

According to Foresight News, Cardano wallet service provider SecondFi recently launched a streamlined wallet claims submission process within its app, allowing users to submit claims directly without contacting support. SecondFi confirmed that the recent security incident stemmed from a vulnerability in its native Cardano Web wallet generation software, with impacts limited to that component. The incident resulted in approximately 16 million ADA (about $2.4 million) in losses.

According to Foresight News, Bitget launched AEON perpetual futures contracts with up to 20x leverage on July 28. Contract trading bots are now available on the platform.

According to Jin10 Data, Zhou Daisheng stated on July 28 that declining gold prices are favorable for weighted gold jewelry sales. The company indicated that its terminal gold jewelry operations remain stable overall.

According to the National Development and Reform Commission (NDRC) on July 28, China-Europe freight trains (China-Europe Railway Express) have transported cargo worth over $52 billion as of June 2026, with cumulative shipments exceeding 130,000 runs since the service was unified as a single brand in 2016. The service maintains a 100% full-container rate for 46 consecutive months and operates with near-balanced return-to-outbound ratios of approximately 1:1, demonstrating sustainable growth in bo

According to DS Securities research analyst Yang Hyung-mo, the brokerage upgraded its second-half KOSPI target to 9,000 points today, arguing that the recent market decline has been excessive. Yang stated that even assuming a worst-case scenario of 30% earnings decline, the KOSPI index remains undervalued. He attributed recent weakness to China's self-developed semiconductor equipment, Iran tensions, and growing U.S. rate increase discussions, characterizing these as signals of market transition

South Korea's ruling Democratic Party of Korea will hold a national convention on August 17 to elect a new party leader. The race features three candidates: former Prime Minister Kim Min-seok, former party leader Jeong Chul-rae, and Song Young-gil. As of July 27, all three have begun campaigning in local regions, intensifying the competition.

According to ChainCatcher, citing GMGN data, Himgajria, a SOL-based meme coin, surged to a peak market cap of $7.6 million in 24 hours, up over 110x. The token is currently trading at a $7 million valuation.

According to the State Tax Administration, China's active business entities grew 20.2% year-over-year in the first half of 2026, with tax-filing households increasing 10% YoY. High-tech industries and digital economy core sectors reported sales revenue growth of 15% and 8.7% respectively, while high-tech manufacturing and digital product services saw profit growth of 29.2% and 64.4% YoY. Foreign-invested enterprises also expanded, with foreign-funded business entities rising 10.9%, declared prof

The CSI 300 stock index futures (IF) main contract declined 2.00% intraday on July 28, trading at 4,543.2 points.

According to Jin10, Hong Kong-listed PCB concept stocks declined in early trading on July 28. Kingboard Laminates (01888.HK) fell over 11%, Guanghuo Technology (01989.HK) dropped over 8%, Kingboard Holdings (00148.HK) and Shengda Technology (02476.HK) declined over 7.5%, and Daizu CNC (03200.HK) fell over 6%.

According to Morgan Stanley's July 27 global strategy report, the recent pullback in the AI infrastructure sector is sentiment-driven rather than fundamental, and the company outlined five key investment directions: AI infrastructure bottlenecks (power suppliers), chip manufacturing ecosystem (Nvidia, Broadcom, Micron), Chinese AI solutions, energy security, and hyperscale tech companies. The report noted a significant supply-demand gap—Google plans to expand computing capacity 1,000-fold over f

According to Jin10, Japan's Nikkei 225 Index broke below 62,000 points intraday on July 28, declining 4.4%. This marks the first time the index has fallen below this level since May 22.