Gate Crypto Flash News and Market Updates

According to on-chain analyst Hepge, SK Hynix perpetual futures on decentralized exchange Hyperliquid experienced cascading liquidations totaling over $80 million on July 28 at 8:01 AM KST. The liquidations were triggered by a single share trade on South Korean alternative trading system NXT, where SK Hynix stock fell to its lower limit at 1.27 million won, causing the perpetual contract to plunge 18.7% from $1,127.9 to $917.25. Blockchain data firm Alium reported that over 900 users faced force

According to Cointelegraph, a political action committee backed by donations from Ripple Labs and Coinbase spent over $2 million on media advertising as of August 2 to support Representative Shri Thanedar in Michigan's 13th district House race. The PAC's spending doubled from the previous week's report, with advertising supporting Thanedar increasing by $884,000 and ads opposing opponent McKinney rising by over $150,000. Thanedar has voted for the GENIUS Act focused on stablecoins and co-sponsor

The Federal Reserve voted 9-3 on July 28-29 to maintain the federal funds rate target at 3.5%-3.75%, marking the fifth consecutive hold. Minneapolis Federal Reserve President Neel Kashkari, Cleveland Fed President Beth Hammack, and Dallas Fed President Lorie Logan dissented, each voting for a rate increase of 25 basis points. All three officials warned that current monetary policy lacks sufficient restrictiveness to curb inflation expectations. They argue that delaying modest tightening measures

According to RootData, Movement (MOVE) will unlock approximately 17.674 million tokens worth $1.33 million on August 9 at 11:00 AM (Beijing time).

According to RootData, Mango Network will unlock approximately 193.12 million MGO tokens worth about $1.79 million on August 9 at 9 a.m. Beijing Time.

According to RootData, Avantis (AVNT) will unlock approximately 29.25 million tokens on August 9 at 2 p.m. Beijing time, valued at approximately $2.43 million.

According to RootData, STEPN (GMT) will unlock approximately 55.31 million tokens worth around $2.43 million on August 9 at 8:00 AM Beijing time.

According to aviation analysts and industry reports, major airlines including Delta Air Lines and Virgin Atlantic have begun deploying AI-powered dynamic pricing systems to replace traditional fixed-rule pricing, analyzing dozens of market variables to maximize revenue. Fetcherr, an Israeli startup, has already been adopted by nearly 12 airlines including Canada's WestJet and Brazil's Azul Airlines, with its platform continuously updating prices based on market changes. Analytics firm Volantio s

According to BlockBeats, Roundhill Memory ETF (DRAM) has added CXMT (Changxin Memory Technology) to its holdings with a 2.52% weighting as of August 2. The DRAM-focused ETF's top three holdings are Samsung Electronics (26.39%), Micron Technology (24.54%), and SK Hynix (22.77%).

According to CNN on August 2, proposed U.S.-Iran agreement framework does not address 'ending Iran's nuclear threat,' despite recent statements claiming a deal outline had been reached. Details regarding the Strait of Hormuz remain extremely limited, with sources indicating only the possibility of a potential arrangement involving Oman.

According to Hyperinsight, on July 27, a whale holding 2.6 million long Xin Technology (CXG) tokens in short positions faced unrealized losses of $1.7 million. The whale's total short position was valued at approximately $18.36 million. The whale has set take-profit limit orders in the price range of $2 to $4.5, with a liquidation price of $16.91.

According to Onchain Lens, Fidelity-linked wallets transferred 260,000 ETH (approximately $500 million) to three wallets today, with funds split into 95,000 ETH ($183 million), 87,000 ETH ($167 million), and 78,000 ETH ($150 million). These wallets were first funded by Fidelity six months ago.

According to Yonhapnews, South Korea's Financial Services Commission announced emergency measures for single-stock leveraged ETFs on August 2, including the authority to adjust leverage ratios from 2x during market volatility. The regulator also raised the minimum deposit requirement to 30 million Korean won from 10 million won to curb excessive trading. Trading volume for the 16 single-stock leveraged products fell to approximately 3 trillion Korean won on the first day of implementation, down

According to on-chain analyst Ai, a suspected LAB insider address transferred 5.8 million LAB tokens (approximately $834,000) to KuCoin 9 hours ago at an average price of $0.1439. Within 90 minutes, LAB's price declined to $0.1273, a drop of 11.5%. The same address conducted a similar operation on July 12, when it transferred 9.15 million LAB tokens, followed by a 42.5% price decline. The entity currently holds 70.7 million LAB tokens valued at approximately $10.11 million.

According to Korea Securities Depository, South Korean retail investors (known locally as Western Ants) suffered estimated losses near 50 trillion won over the past two months, with leverage products identified as the primary driver. In July alone, net purchases of U.S. stocks reached $46.69 billion (approximately 6.74 trillion won), marking the highest monthly inflow since January.

According to Financial News, South Korea's financial authorities are reviewing emergency measures on single-stock leveraged ETF and ETN products, with a focus on reducing leverage ratios from 2x to 1.5x. The adjustment is aimed at stabilizing the volatile trading activity in the stock market.

According to BlockBeats, renowned trader Doctor Profit announced on August 2 that he will continue executing his buying plan by accumulating Bitcoin in batches when BTC trades between $54,000 and $64,000, allocating 5% of his planned capital for each purchase. The trader has already deployed 35% of his intended Bitcoin purchasing cash.

According to Odaily, SBI Crypto, a major Bitcoin mining pool in Japan, halted its mining pool service on July 31. The pool's 7-day average hashrate declined 64% over the month, falling from 16.222 EH/s on June 30 to 5.817 EH/s on July 30. Meanwhile, data from Hashrate Index showed that Foundry USA, AntPool, and F2Pool collectively controlled approximately 60.01% of Bitcoin block share on July 31.

According to River's announcement on August 2, the platform will migrate its cold storage to a new address before publishing its August reserve proof. The new address is for River's internal use only; customers will not directly send or receive funds through it. Customers will continue using River's standard transaction processes. River will publish a new reserve proof once the migration is complete.

In his latest statement, U.S. President Donald Trump said he has agreed to cancel attacks on Iran on the condition that a swift agreement can be reached.