Gate Crypto Flash News and Market Updates

According to Politico on Thursday (July 23), David Solomon, chair and CEO of Goldman Sachs, backed the CLARITY Act cryptocurrency market structure bill, calling it "not perfect" but necessary to "create a level playing field to enhance market stability." Solomon stands out as a major financial institution leader supporting the legislation, as many industry peers oppose it over provisions allowing crypto companies to pay interest or yield on stablecoins outside standard banking rules. Senate lead

According to U.S. Treasury auction results, the Treasury auctioned $21 billion of 10-year Treasury Inflation-Protected Securities (TIPS) at a yield of 2.438%, down from 2.169% in the May 21 auction. The bid-to-cover ratio came in at 2.30, compared to 2.52 in the previous auction.

AMD expects the artificial intelligence accelerator market to reach $1.4 trillion by 2030, according to market reports. The forecast reflects AMD's assessment of AI infrastructure growth driven by increasing demand for data center acceleration.

According to LME data today (July 23), copper futures fell $214 to close at $13,594 per ton, leading broad-based declines across base metals. Aluminum fell $4 to $3,188/ton, zinc dropped $6 to $3,586/ton, and lead declined $3 to $1,894/ton. Nickel fell $1 to $53,326/ton, and tin decreased $596 to $53,326/ton. Cobalt remained flat at $56,290/ton.

Empery Digital invested $20 million this month in Cardinal Data Power, acquiring approximately 8% stake in the private AI data center developer. The investment was part of Cardinal's roughly $70 million Series A financing round and will support development of a 750-megawatt data center campus in West Texas, with first power delivery expected in 2027 and expansion to approximately 1 gigawatt by 2029. The move reflects Empery's strategic pivot away from Bitcoin accumulation; the company disclosed

After ServiceNow (NOW) beat and raised guidance in its Q2 earnings, Bernstein raised its price target to $248 on Wednesday, calling the quarter "much-needed relief," while UBS maintained a cautious stance with a $110 target, citing "mixed" underlying demand. JPMorgan also increased its target to $150 and said the results "eased concerns on software companies" broadly. Baird and Evercore ISI likewise raised their targets to $125 and $160 respectively. Despite the positive analyst revisions, NOW s

Kalshi Inc. is planning to launch copper perpetual futures to capitalize on rising demand driven by artificial intelligence infrastructure expansion, according to Chief Risk Officer Udesh Jha. Following the rollout of precious metal contracts, the company is prioritizing copper and palladium as its next product offerings. Kalshi's copper contracts will enter a market already served by London Metal Exchange and Comex, which offer copper futures and options.

According to market data from Tradingview and Forbes, SpaceX shares fell to $111 on July 23, representing a 51% decline from their June 16 intraday peak of $225.64. The drop reduced the company's market capitalization to approximately $1.5 trillion. Elon Musk's net worth declined by $35.2 billion on the day, as both SpaceX and Tesla fell simultaneously. Tesla traded near $322 Thursday morning, down roughly 14% from its previous close. As many as 911.5 million restricted shares could become eligi

According to BlockBeats, AMD CEO Su Zifeng forecasted on July 24 that the artificial intelligence accelerator market will reach $1.4 trillion by 2030.

According to CryptoQuant, Ethereum is trading approximately 17% below its realized price of about $2,300 this week, with only two of five key bottoming indicators having reached historical reversal levels, suggesting the market has yet to reach a definitive cycle bottom. ETH's market value-to-realized value (MVRV) ratio has fallen from 0.95 in August 2025 to around 0.65, signaling improved valuation relative to Bitcoin. Meanwhile, exchange outflows have increased, with Binance withdrawals climbi

According to market sources, OPEC+ may decide to increase its September oil production quota by approximately 188,000 barrels per day during its August 2 meeting, three sources said.

According to Swan Bitcoin CEO Cory Klippsten in a Thursday podcast interview on The Starting Block, Tether effectively controls Twenty One Capital, a publicly traded U.S. bitcoin treasury company, and uses it as a vehicle to advance Tether's American political interests. "It's kind of their U.S. entity for them to do U.S. things and, you know, line pockets where needed for political reasons," Klippsten said, though he provided no evidence to support the claim. Tether did not immediately respond

According to PANews, AI programming company Cognition AI acquired The Interaction Company of California on July 24. The acquisition grants Cognition ownership of Poke, an AI agent running natively on Apple Messages that has processed over 100 million messages in the past three months. Poke is currently the only AI agent with native Apple support and direct integration into Apple Messages. Following the acquisition, Cognition plans to leverage its models and infrastructure to improve Poke's speed

According to Yonhapinfomax, on July 23 (U.S. Eastern Time), U.S. 10-year Treasury yields rose 4.70 basis points to 4.704%, while 2-year yields climbed 5.60 basis points to 4.358%. The 30-year yield increased 3.40 basis points to 5.180%. Geopolitical tensions in the Middle East, including threats to shipping lanes in the Red Sea's Bab al-Mandeb Strait, drove crude oil prices sharply higher. WTI crude futures for September delivery surged 5.80% to $91.84 per barrel, while Brent crude jumped 7.15%

According to BlockBeats and CME data, on July 24, three macroeconomic pressures pushed markets into turmoil: crude oil touched $100, the 10-year Treasury yield surged to 4.7%, and the dollar index climbed above 101. These moves have elevated the probability of a Federal Reserve rate hike next week to 37.9%, according to CME FedWatch data, with the probability of holding rates steady at 62.1%. The Federal Reserve will announce its interest rate decision on July 30 (Thursday) at 2:00 AM Beijing ti

According to Kuwait's Ministry of Defense, the Abdali port border crossing connecting Iraq came under attack for the second time tonight (July 23).

According to Ukraine's Armed Forces General Staff, on July 24, Ukrainian forces struck enemy targets including a tanker, a pontoon bridge, and other military objectives.

According to GMGN data, a smart money address purchased Jimothy for approximately $755 and the holdings are now worth approximately $447,000, representing cumulative unrealized gains of over $446,000 with a return rate of around 596x. The address has made minimal sales of approximately $2,090 and continues to hold 12.79 million Jimothy tokens, representing approximately 1.27% of total supply.

On July 23, German 2-year Bund yields rose 4.3 basis points to 2.885%, trading within a 2.854%-2.906% range throughout the session. The yields dipped about 2 basis points after the European Central Bank held rates steady at 20:15 CET. German 10-year Bund yields gained 3.2 basis points to 3.203%, while yields across major eurozone peers also climbed, with France's 10-year rising 4.8bp, Italy's 4.8bp, Spain's 4.2bp, and Greece's 4.8bp.

Germany's Defense Ministry recently announced plans to withdraw two warships from the Red Sea, according to its latest military decision statement.