Gate Crypto Flash News and Market Updates

According to China's State Administration of Taxation, more than 100 million taxpayers received tax refunds exceeding 150 billion yuan on July 28, as part of the annual income reconciliation process. Over 200 million taxpayers filed reconciliation returns, up 4.38% year-on-year. In the first half of 2026, personal income tax revenue reached 900 billion yuan, growing approximately 13% year-on-year.

According to ChainCatcher, Hong Kong's Hang Seng Index turned negative intraday on July 28, reversing earlier gains of near 1%. The Hang Seng Tech Index's gains narrowed sharply to 0.1%. Lao Pu Gold (06181.HK) plunged over 20%, leading the declines.

According to Lloyd Chan, senior foreign exchange analyst at Mitsubishi UFJ Bank, on July 28, the U.S. dollar is likely to gain short-term support driven by elevated U.S. Treasury yields and continued Middle East tensions. Chan noted that the Federal Reserve's decision this week could serve as a key market catalyst. While no policy change is expected, market focus will remain on Fed guidance regarding whether policymakers still lean toward tightening, Chan said.

According to Trader T, Bitcoin spot ETFs saw net outflows of $11.65 million yesterday (July 27), with BlackRock's IBIT recording $8.83 million in outflows and Fidelity's FBTC recording $2.82 million in outflows.

According to Japan's Finance Minister Katayama Kiyohide, announced yesterday (July 27), he is unable to comment on the funding source for food tax reduction beyond what Prime Minister stated previously.

According to Yonhap News Agency, on July 28, South Korea's Fair Trade Commission (FTC) Chair Chu Byung-ki announced five core policy priorities for 2026 aimed at fostering fair market competition. The priorities include addressing power imbalances between large and small enterprises, cracking down on unfair competition in sectors affecting consumers, building a healthy innovation ecosystem in digital markets, strengthening enforcement against conglomerate misconduct, and increasing FTC workforce

According to a World Bank report released on July 28, researchers from NYU Stern and the economic think tank CEPR found that if foreign investors cease demands for U.S. dollar assets, the United States would lose approximately $300 billion annually in seigniorage benefits, equivalent to roughly 1% of GDP. The study also projects the dollar's real value would permanently decline 8.8%, U.S. Treasury yields would rise 87 basis points, and private debt interest rates would increase 72 basis points.

According to Yonhapinfomax, South Korea's central bank conducted 28 trillion won in repo purchases and received 9.2 trillion won in tax revenues on July 28, adding liquidity to the money market. The operations included 700 billion won in fiscal disbursements and 500 billion won in maturing stabilization deposits. On the previous trading day (July 27), the central bank's excess reserve ratio reached 10.4 trillion won, indicating ample liquidity conditions. One-day call rates closed at 2.713% with

According to Reuters, the U.S. defense industry must halt purchases of Chinese rare earths, tungsten, molybdenum, and tantalum by January 1, 2027, as part of President Trump's effort to decoupling critical minerals from China. However, domestic production capacity remains drastically insufficient. In 2025, U.S. demand for rare earth magnets alone is projected at 48,000 metric tons, but domestic sources can supply only 300 metric tons, with projected year-end capacity reaching just 5,000 metric t

According to Cointelegraph, on July 28, MoonPay and Tempo announced a partnership to provide seamless fiat-to-stablecoin payment services for the Tempo ecosystem.

According to Jin10, on July 28, President Xi Jinping held talks with Slovak President Peter Pellegrini at the Great Hall of the People in Beijing. The talks marked Pellegrini's state visit to China.

According to Bloomberg, digital-asset treasury (DAT) firms have shifted into AI-related ventures in recent months as token prices and their own valuations declined. At least a dozen such companies have made the pivot, with early results proving dismal. K Wave Media fell 71% since pivoting to data center development in May, while Strategy's shares dropped 81% from their 2024 record. U.S. and Canadian treasury stocks tracked by Bloomberg posted a median decline of 43% this year. Bitcoin declined 4

According to Lookonchain, Bitwise sold 117,917 HYPE tokens worth approximately $7.05 million today. This marks another sale by the investment firm of the HYPE asset.

According to Hyperinsight, on July 27, a whale holding 26 million LONG tokens (approximately $18.36 million) faced an unrealized loss of $1.7 million on its short position. The liquidation price for the position is set at $16.91.

According to Guru Club, on July 28, LG Electronics' 600kW CDU (coolant distribution unit) received Nvidia AI Factory certification, making the company an official infrastructure partner. The device uses direct-to-chip cooling (DTC) technology to deliver coolant directly to high-heat GPU and CPU components, and can work alongside air cooling systems to form a hybrid cooling solution optimized for AI data centers.

Today, Japan's Finance Minister Katayama Katsuyoshi said the country's monetary policy has shifted to a stage led by interest rate levels, marking a transition in the central bank's operational focus.

According to FDA briefing documents released ahead of Wednesday's advisory committee meeting, Capricor Therapeutics (CAPR) stock crashed 71% in July after reviewers questioned whether the Hope-3 trial showed convincing evidence of Deramiocel's effectiveness for Duchenne muscular dystrophy. The selloff followed concerns that changes to the statistical analysis plan made p-values more favorable, potentially masking issues with the cell therapy's efficacy. Meanwhile, retail traders have turned incr

According to ChainCatcher, Upbit lists Ripple USD (RLUSD) trading today (July 28) at 14:00 KST, supporting KRW, BTC, and USDT trading pairs. Users can begin depositing RLUSD two hours after the announcement, with trading commencing at the scheduled launch time.

According to H-EXCLUSIVE, monthly margin call reversal trades in South Korea surged approximately 596% in the first half of 2026, rising from about 56.5 billion won in January to approximately 400 billion won in June. Total margin call reversal trade settlements for the January-June period reached approximately 1 trillion won, highlighting increased leverage activity as market volatility expanded during the AI semiconductor rally.

According to Bridgewater Associates' report on Monday, July 28, the investment firm's three co-chief investment officers—Bob Prince, Greg Jensen, and Karen Karniol-Tambour—warned that government intervention in AI could dampen technology adoption and increase investment uncertainty. While acknowledging that regulation plays a key role in mitigating potential harms from AI, the co-CIOs noted that oversight may disrupt the AI capital expenditure cycle by suppressing capital returns or adding uncer