Gate Crypto Flash News and Market Updates

According to T. Rowe Price portfolio manager Vincent Chung cited by Jin10, Japan's central bank is expected to keep interest rates unchanged on Friday but may signal a faster hiking pace than the previously suggested once every six months. Chung stated the bank needs to tighten monetary policy more rapidly. If the BOJ accelerates policy normalization, he anticipates two additional rate increases could occur later this year. The manager noted that sustained yen appreciation would likely require f

According to South Korea's representative to UNESCO, Kim Jee-hee urged Japan on July 28 to honor its commitments and truthfully disclose its forced labor practices on the Korean peninsula at Sado mines and other Meiji-era industrial heritage sites during the 48th UNESCO World Heritage Committee meeting held in Busan yesterday.

According to Allium, on Tuesday, a pre-market trading glitch caused SK Hynix stock to plunge 30% at market open in South Korea. Although prices recovered shortly after, the sharp move cascaded into crypto markets. Derivative contracts linked to SK Hynix on Hyperliquid fell roughly 20%, forcing over 900 long positions to liquidate approximately $60 million in notional value within two minutes. Allium estimated actual user losses reached $17.4 million from the incident.

According to South Korea's Ministry of Land, Infrastructure and Transport (MOLIT), on July 29, the government designated approximately 2.5 million pyeong (8,264 square meters) of land at Gwangju Military Airport as a candidate site for a Honam Region Semiconductor Advanced Industrial Complex. The designation follows a request from the Ministry of Trade, Industry and Energy, which considered demand from Samsung Electronics and SK Hynix. MOLIT plans to develop the site into an advanced industrial

According to Ebury analyst Matthew Ryan, the Bank of England is expected to hold interest rates unchanged on Thursday (July 31), with voting splits likely to determine sterling's direction. A 7-2 vote supporting a rate hold, combined with dovish rhetoric downplaying inflation risks from energy prices, could cool rate-hike expectations and weigh on the pound. Conversely, a 6-3 result paired with forecasts showing inflation peaking closer to 4% rather than 3% may support sterling and lift yields a

According to BlockBeats citing Hyperinsight monitoring, trader Loracle's SKHX long position accumulated significant losses on July 29. The position, established on June 24 with 2x leverage at an average price of $1,229.4 with a size of approximately $2.548 million, saw unrealized losses of roughly $609,000 as SKHX fell to $992.3, posting a return rate of -192.9%. Losses now exceed 1.93 times the position's margin. Additionally, Loracle's HYPE spot holdings face unrealized losses of about $6.502

According to Ark Invest's Tuesday trading disclosure, the Cathie Wood-led firm purchased $12.2 million worth of SpaceX shares across its exchange-traded funds, acquiring 105,108 shares at $116.41 per share. Ark simultaneously trimmed its holdings by offloading $2.3 million in Block Inc. shares, $1.6 million in Bullish, and $4 million in Robinhood. Ark actively rebalances its ETF portfolios to ensure no single stock exceeds 10% of fund value.

According to Cuba's Foreign Ministry on July 28, Cuba condemned Colombia's president-elect Gustavo Petro's plan to close the Cuban embassy and sever diplomatic ties, calling the proposal a capitulation to U.S. pressure on the island nation. The statement argued the severing plan lacks any reasonable basis and contradicts Colombia's national interests. If implemented, it would violate the Latin American and Caribbean solidarity ideals defended by the founding leaders of both nations and expose th

According to Yonhapinfomax, Woori Financial Group opened Woori WON Financial Town in Jeonbuk Innovation City on July 29, consolidating asset management, banking, microfinance, and social contribution operations. The inauguration ceremony was attended by Woori Financial Group Chairman Lim Jong-ryong, National Pension Service (NPS) Director General Kim Sung-joo, Jeonbuk Governor Lee Won-taek, and other regional officials. Woori subsidiary companies will strengthen capital market operations and pen

According to Financial Services Commission Chair Lee Euk-won on July 29, South Korea's financial authorities are developing lending criteria to reduce harm to actual borrowers amid household debt volume management. Speaking at the National Assembly's Political Affairs Committee, Lee stated the FSC would work to prevent negative impacts on ordinary citizens while continuing overall volume controls. Details are being finalized through ongoing consultations with banks.

According to The Economist on July 28, major U.S. tech companies including Alphabet, Microsoft, and Amazon are set to spend $900 billion on AI infrastructure this year, following $450 billion invested in 2025 and facing $1.4 trillion in planned expenditures for 2027. However, global AI service revenues are estimated at only $150-220 billion annually, far below the $2.5 trillion needed to justify such massive investments. The report notes that while 20-30% of U.S. and UK businesses use AI in oper

According to IRNA, Iran's Foreign Minister Abbas Araghchi held a phone call with EU High Representative Kaja Kallas to discuss recent regional and international developments and explore ways to ease tensions.

According to Korea Exchange and Yonhap Infomax, single-stock leveraged ETFs fell sharply on July 29, with SK Hynix and Samsung Electronics products declining 18-21% and 8-10% respectively. Combined with the previous day's losses, these leveraged funds have dropped over 40% in two days. Trading volume surged to 15 trillion won, reflecting heightened market activity amid the steep declines.

According to Jin10 data, on July 29, Iran launched a missile strike on U.S. forces stationed in Jordan, prompting the U.S. and Saudi forces to conduct counterattacks on Iran-backed armed groups in Iraq. The escalation drove up oil prices and intensified inflation concerns. As a result, UK 10-year government bond yields rose 1.2 basis points to 4.969%, according to Tradeweb data. Investors are awaiting the Federal Reserve's interest rate decision later today and the Bank of England's rate decisio

According to Al Jazeera, Pakistan's UN Ambassador Asim Iftikhar Ahmad on July 29 urged all parties to comply with a memorandum of understanding signed last month and condemned attacks on Saudi Arabia and commercial shipping routes. He reiterated Pakistan's support for Saudi Arabia's security, sovereignty, and territorial integrity amid escalating tensions in the Middle East region.

According to Beating, OpenAI has open-sourced the Codex Security command-line tool and TypeScript SDK on July 29, allowing developers to scan code repositories, check new commits, and log detected issues. The tool can identify potential vulnerabilities and attempt to reproduce them in an isolated environment before generating fix recommendations for developer review. The open-sourced component covers task management and scanning execution only. The core analysis, vulnerability verification, and

The Indian rupee appreciated to 95.50 per U.S. dollar intraday on July 29, gaining 0.4% during the session.

According to CCTV, over the past 5 years, China's Global Development Initiative (GDI) has evolved from a Chinese proposal into an international consensus, the Chinese Foreign Ministry stated. The initiative reflects growing global agreement on development priorities.

According to Financial Times, Meta CEO Mark Zuckerberg said on Tuesday, July 28, that the U.S. should not ban Chinese AI models to gain a competitive edge in the AI race. He warned that banning China's most advanced AI models from the American market "is not an effective solution," and that U.S. companies should systematically identify bottlenecks and barriers in AI development rather than blocking Chinese competitors to improve competitiveness. The Trump administration announced Tuesday it will

According to Meta, the company and BlackRock announced a joint venture to develop and operate a data center campus in El Paso, Texas on July 28. The project is valued at approximately $14 billion. Meta will hold a 20% stake in the partnership, while BlackRock-managed funds will hold the remaining 80% ownership.