Gate Crypto Flash News and Market Updates

According to South Korean media, the ruling party and main opposition party agreed in principle on July 30 to recount ballots from June elections in August, including those from Seoul's Jamsil district.

According to industry sources, Qatar Energy has purchased 33 liquid natural gas (LNG) cargoes from the United States so far this year to supply Asian customers, marking a significant increase from just 4 cargoes last year. The purchases aim to minimize disruptions to major clients following Iran's closure of the Strait of Hormuz, which has disrupted Qatar's primary gas export route. Despite declaring force majeure—which typically exempts companies from contract obligations—Qatar Energy is priori

According to Guru Club, SC crude oil futures gained 6.00% intraday to 567.00 yuan/barrel on July 30.

Liquefied petroleum gas (LPG) main contract rose 2.00% intraday on July 30, trading at 5,563.00 yuan/ton.

According to the Treasury's Office of Foreign Assets Control (OFAC), the US sanctioned Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority on Wednesday for their role in an IRGC-backed insurance network. OFAC alleged that HormuzSafe accepted Bitcoin and other digital assets to bypass Western sanctions and generate revenue for the Islamic Revolutionary Guard Corps while helping Iran control shipping through the Strait of Hormuz. Treasury Secretary Scott Bessent stated,

According to Yonhapnews, Bae Jae-gyu, CEO of Korea Investment Trust Management and widely regarded as the 'father of ETFs' in South Korea, recently warned against single-stock leveraged ETF products, stating they should undergo 'natural phase-out' rather than forced delisting. He reiterated his call for investors to avoid such investments, noting that daily rebalancing and compounding effects can rapidly erode product value even when directional predictions are correct. Bae emphasized that timin

According to analyst assessments, Microsoft and Meta signaled persistent AI infrastructure shortages in their recent Q2 earnings. Microsoft's Azure cloud platform revenue grew 43% with next-quarter guidance at approximately 45%, while the company invested $41 billion in the quarter and is expected to exceed $50 billion next quarter. Meta adjusted its full-year capital expenditure guidance upward to $130-145 billion, raising the floor from $125 billion despite profit miss. CEO Mark Zuckerberg sta

According to Korean Economic TV, Microsoft and Meta recently reported quarterly earnings, with both companies signaling continued insufficiency in AI infrastructure. While stock market reactions were mixed, both firms indicated that AI infrastructure capacity remains a key constraint for their operational expansion.

According to BlockBeats citing Korea Financial Investment Association data, reverse trades on the Korean stock market on July 27-28 totaled approximately 369 billion won, with 229.61 billion won on July 27 and 138.90 billion won on July 28. Reverse trades occur when brokers forcibly liquidate stocks after investors fail to meet margin requirements, commonly viewed as a gauge of forced liquidation pressure. Simultaneously, unsettled buy-sell orders rose to 1.224 trillion won on July 28 from 1.078

The Taiwan Stock Exchange weighted index closed down 0.3% today on July 30, settling at 39,933.30 points.

According to Guru Club, renowned private equity investor Dan Bin stated on July 30 that he remains optimistic about a 10-year bull market in artificial intelligence. "The current pullback is merely a temporary correction," Dan Bin said on social media. "The fundamental logic hasn't changed—it's just a pullback after significant gains. I don't believe AI will end in three or four years." Regarding concerns over a slowdown in AI hardware performance, Dan Bin cited SK Hynix as an example, noting it

According to Nexus Venture Partners, San Francisco-based AI startup Freehand raised $75 million on July 29 in a funding round co-led by Battery Ventures and NewRoad Capital Partners. Battery Ventures general partner Dharmesh Thakker will join Freehand's board. Founded in 2024 by Nitin Jayakrishnan and Abhijeet Manohar, Freehand's AI agents automate supply-chain spend management, handling invoice decisions, rate negotiations, contract enforcement, supplier management, and payment processing. The

China's crude oil futures contracts surged today. SC crude oil rose 5.27% to 563.1 yuan per barrel, while low-sulfur fuel oil (LU) gained 3.28% to 4,817 yuan per ton. Heating oil increased 3.00% to 3,679 yuan per ton, and asphalt rose 1.12% to 4,161 yuan per ton.

According to BlockBeats, China's memory chip sector rebounded in afternoon trading on July 30, with Demingri surging to the daily limit-up. Chanxin Technology, after falling over 6.5% earlier, reversed course and contributed over 30 billion yuan in trading volume by press time. Other semiconductor stocks including Baiewei Storage, Jiangbo Dragon, and Yingfang Micro also rallied.

According to Bits Media, on Wednesday, Igor Runets, founder of Russia's largest cryptocurrency mining company BitRiver, was transferred from house arrest to a pre-trial detention center by Moscow's Zamoskvoretsky District Court. Runets must remain in custody for at least two months as the investigation continues. Runets is charged with fraud on an especially large scale under Part 4 of Article 159 of the Russian Criminal Code, related to a crypto-mining equipment deal with energy conglomerate En

On July 30 afternoon, Hong Kong's Hang Seng Index fell 90 points to 25,717, down 0.4%, with the Hang Seng China Enterprises Index declining 17 points or 0.2% to 8,606, and the Hang Seng Tech Index dropping 70 points or 1.4% to 4,794. The benchmark opened 67 points higher at 25,875 but failed to sustain gains, encountering resistance near the 26,000 level. AI stocks faced heavy selling pressure, with Zhipu tumbling 17.5% to HK$852, while semiconductor names also declined, including China Semicond

France's household consumer spending growth slowed to 0.1% year-over-year in June, down from 0.30% in the previous month, according to economic data released in July.

According to Trader T, Ethereum spot ETFs saw net outflows of $18.6 million yesterday (July 29). Morgan Stanley's MSSE recorded net inflows of $14.3 million on its first day of trading, while BlackRock's ETHA posted inflows of $5.2 million. Fidelity's FETH led outflows with $16.1 million, followed by Grayscale's ETHE with $9.7 million in outflows.

According to Financial Times, AI hedge fund Situational Awareness, founded by 25-year-old former OpenAI researcher Leopold Aschenbrenner, is seeking new capital injections following significant declines in AI-related stocks. Aschenbrenner acknowledged increased market volatility in recent communications and framed it as a new investment opportunity, encouraging investors to commit new funds before August 1. The fund's heavily concentrated positions in AI data centers, power infrastructure, stora

France's household consumption expenditure rose 0.4% month-on-month in June, exceeding expectations of a 0.1% decline. The figure compares to 0.5% growth in the prior month.