Gate Crypto Flash News and Market Updates

According to Iran's state television, the country denied involvement in an attack on Saudi facilities on Tuesday (July 27).

The U.S. Senate secured sufficient votes to approve Walter Clayton as Director of National Intelligence on July 28, with voting still underway.

According to market reports, the MSCI global semiconductor index fell 16% this month, marking its worst performance since 2022, despite remaining 28% higher year-to-date. The Philadelphia Semiconductor Index declined over 4% on July 28 alone, extending losses to four consecutive trading sessions. Market sensitivity has intensified around hyperscaler capital expenditure forecasts and concerns over China's domestic chip technology advances. China's successful mass production of DUV lithography equ

According to iM Securities on July 29, South Korea's KOSPI index has declined 34% from its peak over roughly one month, a pullback the firm views as excessive given no weakening signals in semiconductor exports. Research analyst Park Sang-hyun noted that historically, major KOSPI corrections coincided with sharp drops in export growth, but this decline appears driven by supply-demand dynamics and uncertainty rather than fundamentals. While Hyperscaler free cash flow (FCF) faces pressure from exp

According to ChainCatcher, Bitcoin miner and AI infrastructure firm Ionic Digital (IOND) made its Nasdaq debut today via direct listing, opening at $50 and rising over 25% intraday to near $63, with an implied valuation of approximately $2.75 billion. The company currently holds 2,861 BTC.

According to Korea Economic TV, crude oil declined 16% this week, while U.S. stocks posted a mixed close on July 28. The Dow Jones index rose 1% on the back of strong corporate earnings, but the Nasdaq fell 0.2% as global semiconductor selling persisted. The Philadelphia Semiconductor index dropped 4.5%, sliding 25% from its peak.

According to the UK National Institute of Economic and Social Research (NIESR), British public services will face a £24 billion (approximately $32 billion) shortfall during the current parliament term due to higher energy prices and inflation eroding departmental budgets. Prime Minister Andy Burnham faces "extremely difficult trade-offs," the think tank warned, as spending allocations set last year will not deliver the intended coverage. NIESR urged Burnham against filling the gap through increa

According to market data, the U.S. stock market closed mixed on July 27 overnight. The Dow Jones Industrial Average rose 1.3% to 52,747.32, while the S&P 500 gained 0.21% to 7,428.78. The Nasdaq Composite fell 0.22% to 24,876.91. Apple reached a historic $5 trillion market capitalization intraday—the second company after Nvidia to achieve this milestone—offsetting weakness in semiconductor stocks. The Philadelphia Semiconductor Index declined 4.49% for a fourth consecutive day, with SK Hynix ADR

According to SK Hynix's official disclosure on July 29, the company posted operating profit of 60.5 trillion KRW in Q2 2026, representing a 557% year-over-year increase and marking a record high. For the first half of 2026, SK Hynix reported cumulative revenue of 132 trillion KRW with operating profit approaching 100 trillion KRW.

SK Hynix reported second-quarter revenue of 79.32 trillion Korean won, falling short of analyst expectations of 83.85 trillion won. Operating profit came in at 60.54 trillion won versus the anticipated 64.22 trillion won, also missing projections.

According to Yonhap Infomax, South Korea and Brazil established a dedicated high-level coordination line on July 28 to implement economic cooperation agreements reached during a presidential summit. South Korea's Chief Policy Secretary Kim Yong-beom and Brazil's Vice President Geraldo Alckmin were designated as counterparts to oversee the initiative. The coordination focuses on reviving Korea-Mercosur trade agreement negotiations, defense cooperation, aerospace, and critical minerals collaborati

SK Hynix started mass shipment of HBM4 (high-bandwidth memory fourth generation) chips in the second quarter of 2026. HBM4 is a critical component for artificial intelligence and high-performance computing applications.

According to the Korea Exchange, the KOSPI index plummeted 11.29% during trading yesterday (July 27), triggering simultaneous circuit breakers in both KOSPI and KOSDAQ markets, which halted trading for 20 minutes. The index has declined approximately 28% so far this month.

The Dow Jones Industrial Average gained 1% on Tuesday (July 28) for the third consecutive session, while the S&P 500 added 0.2% and the Nasdaq 100 fell 1% amid continued weakness in chipmaker stocks. The VanEck Semiconductor ETF (SMH) declined 3.3% for the fourth straight day, pressured by declines in AMD, Broadcom, and Micron Technology. Meanwhile, Brent crude oil shed 4.8% to close at $84.09 per barrel, supporting broader market gains in the Dow and S&P 500 as investors rotate into more defens

According to Polymarket, the U.S. ceasefire with Iran announced yesterday faces significant market skepticism, with a contract requiring a continuous 14-day period without direct airstrikes or missile strikes on Iranian territory falling from over 60% to around 53% today. The drop reflects trader concerns about durability; a ceasefire represents sustained peace, not merely a temporary pause. The U.S. and Iran held fire for a third day by Monday after 13 consecutive nights of strikes, but Preside

According to Zhitong Caijing, Tyligand Bioscience Ltd.-B's Hong Kong IPO prospectus expired on July 29, 2026, six months after its submission on January 29, 2026. CITIC Securities served as the exclusive sponsor for the offering. The clinical-stage biopharmaceutical company, founded in 2017, focuses on developing innovative oncology therapies.

According to Zhitong Finance, Xianle Health Technology Co., Ltd.'s Hong Kong IPO prospectus, submitted on January 29, 2026, will expire on July 29, 2026, after reaching the six-month validity period. China International Capital Corporation served as the company's exclusive sponsor for the listing.

According to Jin10 data, Russian officials proposed on July 29 that merchant vessels carrying grain through the Black Sea be equipped with machine guns, escalating measures amid ongoing maritime tensions. The proposal comes as Ukrainian President Zelenskyy stated he discussed restarting peace negotiations with U.S. President Trump, marking a potential shift amid intensified military operations in the region.

According to ZhiTong Finance, Zhejiang Rongtai Electric Materials Co., Ltd. (603119.SH) Hong Kong IPO prospectus expires tomorrow, July 29, after being filed on January 29. The prospectus has been valid for six months. CITIC Securities served as the sole sponsor for the offering.

According to Korean Economic TV, overnight, U.S. stock indices closed with mixed performance: Dow Jones rose 1.03%, S&P 500 gained 0.21%, while Nasdaq-100 fell 0.22%. The decline in technology stocks reflected broader weakness in semiconductor investment sentiment amid strong corporate earnings reports.