Gate Crypto Flash News and Market Updates

According to CCTV citing the U.S. Central Command, the U.S. military launched a new round of airstrikes on Iran on July 16 at 2 PM ET, marking the fifth consecutive night of strikes.

According to CCTV, three explosions were reported near Abarqu Port's western area today (July 16). No additional details were immediately available.

According to Jin10, three explosions were heard west of Abbas Port, Iran on July 16, local time.

According to Shanghai Gold Exchange, gold (Au99.99) and silver (Ag99.99) futures fell on the evening session of July 16. Gold T+D closed down 1.09% at 870.1 yuan per gram, while silver T+D declined 2.29% to 13,592 yuan per kilogram.

Dutch cryptocurrency platform Knaken has been declared bankrupt by a Rotterdam court on Thursday, with prosecutors confirming that approximately €7 million ($8.1 million) in customer funds cannot be accounted for. The ruling also placed Stichting Knaken Payments, the foundation established to safeguard customer deposits, into bankruptcy proceedings. Around 30,000 customers have been affected, unable to access their accounts since early June. The collapse comes as European regulators enforce stri

On July 15, Thinking Machines Lab released Inkling, a 975-billion-parameter multimodal AI model trained from scratch with full weights available on Hugging Face under an Apache 2.0 license. The model scores 74.1% on MCP Atlas—measuring how reliably AI agents complete real-world tasks using external tools—nearly 30 points above Nvidia's Nemotron 3 Ultra, making it the highest-performing Western open-weights model on agentic tool use. Inkling accepts text, images, and audio with a 1 million token

Shanghai Futures Exchange commodities fell during overnight trading on July 16. Crude oil futures (September 2026 contract) closed down 0.46% at 514.40 yuan per barrel. Gold futures fell 1.34%, while silver futures dropped 3.15%.

According to Bloomberg News, Chevron plans to sign agreements with Iraq on Friday (July 15) to advance investments in major oil fields and explore building a pipeline to help Iraqi oil bypass the Strait of Hormuz. A company executive stated Thursday that the accords are expected to be non-binding but will signal Chevron's commitment to eventually executing commercial agreements for the West Qurna-2 and Nasiriyah oil fields. Chevron is part of a consortium including U.S. and international compani

According to Jin10, White House Press Secretary Levitt said on July 16 that Iran remains in dialogue with the United States and hopes to reach an agreement, noting Iran is facing "devastating" consequences. Levitt stated that recent U.S. military strikes were in response to Iran's violation of the Memorandum of Understanding between the two parties.

According to Bloomberg Television, GameStop CEO Ryan Cohen dismissed concerns about the decline of physical video game sales, calling this revenue stream 'immaterial' to the company's overall business. Cohen's comments responded to Sony Group's announcement earlier this month that it will halt production of new physical PlayStation game discs by 2028. He reiterated that GME's long-term strategy focuses on gaming collectibles and the acquisition of e-commerce giant eBay.

According to Lookonchain, Arthur Hayes, founder of BitMEX, purchased 1,293 Ethereum approximately two hours ago, valued at $2.48 million. Analysis by the on-chain data platform shows Hayes holds a total of 4,353 ETH across five different wallet addresses, with a combined value of approximately $8.35 million at current market prices.

According to Bloomberg, Google has delayed the rollout of its flagship Gemini 3.5 Pro AI model by several months as the company works to enhance its capabilities, particularly in code generation. The delay has generated frustration among Google's engineers and AI researchers, who are concerned about the company losing market advantages to competitors Anthropic and OpenAI.

Morgan Stanley's ETRADE platform has launched spot cryptocurrency trading for eligible clients, enabling them to buy, sell, and hold Bitcoin, Ether, and Solana through a partnership with crypto infrastructure provider Zero Hash. The service is available to ETRADE's 8.6 million households, which held approximately $1.56 trillion in client assets as of March 31. Clients can trade the three cryptocurrencies with a 50-basis-point fee, though custody and transaction services are handled through separ

Ontario has requested the Canadian federal government prepare to deploy military resources to support wildfire evacuations across the province on July 16. Fifteen communities in northern Ontario have initiated or are considering evacuation orders, with approximately 180 active wildfires reported in the northeast and northwest regions. The Canadian government confirmed it stands ready to provide additional support, with four federal wildfire response helicopters already deployed to assist operati

Federal Reserve official Logan indicated that the bank regulatory liquidity system could be further optimized, potentially allowing for a smaller Federal Reserve balance sheet. The comment reflects ongoing discussions within the Fed regarding the efficiency of current liquidity management frameworks.

According to the U.S. Commerce Department, U.S. retail sales rose 0.2% in June (Thursday), matching economist expectations. Core retail sales, which exclude vehicle purchases, fell 0.2% last month, below the forecast for an unchanged reading. Over the past 12 months, retail sales increased 6.7%. Spot gold declined 1.43% on the day to $4,001.40 an ounce following the data release, struggling to hold support at the $4,000 level. Economists noted the mixed report still suggests consumers remain res

According to ChainCatcher, crypto trading platform Crypto.com has secured $400 million in funding from Citadel Securities, valuing the company at $20 billion. The investment marks Crypto.com's first institutional funding round since its inception. The platform plans to use the capital to expand its tokenized securities, derivatives, and other asset class offerings.

Gate News: According to Bloomberg, Tree has received a $400 million investment from Citadel Securities.

Visa on Thursday unveiled the Visa Stablecoin Platform (VSP), enabling banks, fintechs, and payment providers to issue, hold, and transfer stablecoins through its payments network. The platform integrates stablecoin minting, redemption, wallet infrastructure, and treasury management into a single enterprise system, combining stablecoin operations with existing payment and settlement workflows. At launch, VSP supports Open USD (OUSD) alongside Visa's existing support for USDC and USDG. The platfo

According to CCTV, approximately 10 European countries recorded at least 12,000 excess deaths in June 2026, with temperatures in Western and Southern Europe exceeding 40°C. The figures are preliminary; official death tolls are expected to rise as more countries release updated statistics. High temperatures also triggered forest fires and strained electricity supply across the region.