Gate Crypto Flash News and Market Updates

Carvana shares fell 15% in after-hours trading today after the online automotive retailer issued 2026 earnings guidance that fell short of Wall Street expectations.

According to Financial Times, BNY Mellon announced today the launch of a blockchain-based transfer agency platform designed to process fund transactions and maintain ownership records across $8.6 trillion in assets serving 7.6 million investor accounts. The platform will operate alongside BNY's traditional system as institutions test blockchain settlement and compliance processes. Baillie Gifford is using BNY's digital transfer agent for what it describes as the UK's first fully native, regulate

South Korea's KOSPI index plunged nearly 6% on July 29, closing at 5,663.24 after breaching the 6,000 level for the first time. SK Hynix and Samsung Electronics, the index's heaviest components, led the decline with losses of 9.6% and 5.2% respectively. The index fell over 10% intraday, triggering circuit breakers. The selloff erased roughly 865 trillion Korean won in market value despite SK Hynix's record quarterly earnings announcement.

According to Endpoints News, Capricor Therapeutics faced an FDA advisory committee meeting on Wednesday to review deramiocel, an experimental cell therapy for Duchenne muscular dystrophy (DMD). The FDA questioned the company's statistical analysis of its late-stage HOPE-3 trial, saying changes to the statistical plan after trial completion lacked scientific basis. The agency is expected to decide on the application by August 22. Capricor's original application was rejected in July 2025 for lacki

Robinhood reported $100 million in second-quarter 2026 cryptocurrency transaction revenue, beating consensus estimates of $86.6 million despite a 38% year-over-year decline. The company posted record quarterly revenue of $1.31 billion, up 32% year-over-year, with net income of $573 million and diluted earnings per share of $0.62, significantly exceeding market expectations. The results underscore Robinhood's successful diversification beyond crypto trading, with prediction markets generating $15

Starbucks stock rose 11% in after-hours trading after the company raised its full-year adjusted earnings per share (EPS) guidance.

According to securities industry consensus, SK Hynix recorded its highest quarterly operating profit in company history, following Samsung Electronics' similar milestone. However, shares declined as investor confidence shifted amid uncertainty over semiconductor demand outlook. Market analysts noted that current valuation levels appear significantly lower than justified by earnings prospects.

Hawkins County Commissioners in Tennessee voted unanimously 12-0 on Monday to ban the establishment, construction, installation, expansion and operation of crypto mining facilities and data centers in unincorporated areas of the county. The ban marks the county's second related measure, following a similar prohibition passed in September 2025 that was aimed at blocking ExoticRidge mining company from operating in the area. In January, the county and ExoticRidge had proposed a settlement that wou

Meta reported a second-quarter operating loss of $4.62 billion for Reality Labs, surpassing analyst expectations of $4.45 billion in losses. Total Q2 revenue reached $60.8 billion, beating analyst forecasts of $60.24 billion. The company issued Q3 revenue guidance of $61 billion to $64 billion, below analyst consensus of $63.17 billion. Meta shares fell 9% in after-hours trading following the earnings release.

According to Jin10 data, Pakistan's security forces killed 8 militants in a terror attack on a checkpoint in Khyber-Pakhtunkhwa's Hangu district on July 29, with at least 7 people killed and 22 wounded. Police spokesperson Tariq Habib confirmed that forces responded immediately, killing 8 terrorists and wounding 6 others. No organization has claimed responsibility for the attack.

According to the Bitcoin Policy Institute, on July 29 the think tank held a fireside chat in the House Select Committee on the CCP's hearing room, presenting research documenting how foreign influence operations connected to the Chinese Communist Party have systematically targeted US AI infrastructure development. BPI's reports, published in May and June 2026, estimate that approximately $23.6 billion in proposed AI infrastructure investments have been blocked or delayed across 21 separate campa

According to a Supreme Court ruling in February 2026, the US government collected negative tariff revenue in June 2026, with net customs duties receipts reaching -$25.6B—marking the first time in American history that refund outflows exceeded new collections. The Supreme Court struck down broad tariffs imposed under the International Emergency Economic Powers Act, opening the door for approximately $166B in refunds on duties already paid between April 2025 and February 2026.

Following a drone attack on a U.S.-owned LNG tanker at Egypt's Damietta port, President Trump issued a stern warning of a forceful U.S. response. The attack spread fire to a second vessel, escalating the ongoing maritime conflict linked to U.S.-Iran tensions. No group has claimed responsibility for the attack.

Millennium Management is currently pursuing roughly $20 billion in fresh capital, effectively doubling its earlier target of at least $10 billion, according to statements on ongoing negotiations led by president Ajay Nagpal. The capital raise is structured in two tranches and aims to consolidate the firm's in-house investment operations. The hedge fund, which manages over $92 billion, posted a 10.5% gain in 2025 amid surging institutional investor appetite. The multistrategy fund sector is exper

President Donald Trump has called for Congress to include tariffs on Iran in a sanctions bill initially targeting Russia. According to market pricing, the likelihood of the U.S. ending its blockade on Iran by July 31, 2026, has declined following the tariff proposal, reflecting heightened economic pressure and tensions.

Microsoft reported fiscal Q3 2026 earnings on July 29, beating Wall Street estimates with revenue of $82.9 billion versus consensus of $81.4 billion, and earnings per share of $4.27 versus $4.06. The company's AI business reached a $37 billion annual revenue run rate, up 123% year-over-year. Azure cloud platform grew 40% year-over-year, while Microsoft Cloud revenue totaled $54.5 billion for the quarter, representing 29% growth. Additionally, Microsoft signed a $9.7 billion AI cloud deal with IR

According to JPMorgan Asset Management, the Federal Reserve's policymaking committee on Wednesday voted 9 to 3 to maintain the federal funds rate at 3.50%-3.75%, with three officials casting dissenting votes in favor of a 25 basis point rate increase. The dissents from Dallas Fed President Lorie Logan, Cleveland Fed President Beth Hammack, and Minneapolis Fed President Neel Kashkari marked the first time since 2016 that three votes opposing the same direction have emerged in a single FOMC decisi

According to Meta's official earnings report released in late July, the social media giant reported second-quarter 2026 revenue of $60.8 billion, exceeding analyst expectations of roughly $60.2 billion. However, diluted earnings per share declined to $6.18 from $7.14 a year earlier, while operating margin compressed sharply to 31% from 43%. The margin pressure reflects $2.4 billion in legal charges, severance costs, and accelerated AI infrastructure spending. Meta spent over $31 billion on capit

According to Jin10, Microsoft recorded $3.2 billion in gains from its investment in Anthropic during its fourth quarter, combined with lower-than-expected voluntary departure plan expenses, resulting in a positive impact of 27 cents per share on earnings.

According to the U.S. Federal Communications Commission, on July 28, the agency added foreign-produced advanced robotic devices to its Covered List, citing cybersecurity vulnerabilities as a national security risk. The ban covers humanoid robots, four-legged robots, and robot vacuum cleaners manufactured abroad, including products from Chinese companies such as Unitree and Roborock. Covered devices are defined as mechanical mobile robots with autonomous or remote-control capabilities, onboard se