Gate Crypto Flash News and Market Updates

On Thursday, the Federal Reserve named Xbox CEO Asha Sharma to its Productivity and Jobs task force, which will examine artificial intelligence's impact on employment and economic productivity. Sharma joins Marc Andreessen of Andreessen Horowitz and Stanford economist Charles I. Jones on the group. The appointment comes days after Sharma announced Xbox's largest restructuring in history, eliminating approximately 3,200 roles through fiscal year 2027.

According to Bitcoin.com News, the Bitcoin Policy Institute filed an intervention motion on July 10, 2026, in the $293 billion wallet case before New York County Supreme Court Justice Kathy J. King. BPI, which holds a portion of its treasury in long-term self-custody bitcoin reserves, argues it faces potential claims under New York's lost property statute if plaintiffs succeed in claiming ownership of 39,069 dormant bitcoin addresses. BPI's motion, represented by White & Case partner Rachel Rodm

According to the company's filing, Empery Digital sold 1,400 bitcoins for approximately $87.1 million over the past 2 months, with the average sale price of $62,200 per bitcoin since May 7. This marks the company's largest reduction of its bitcoin holdings to date. The Nasdaq-listed firm plans to use the proceeds to repay $10 million in outstanding debt and fund a $65 million commitment to an AI data center project, securing a 25% ownership stake in a Hunt Properties-affiliated venture acquiring

According to Bitcoin.com News and data from Sosovalue, U.S. spot bitcoin ETFs recorded $90.44 million in combined net inflows on July 10, marking the category's first positive week since May. BlackRock's iShares Bitcoin Trust (IBIT) led the rebound, absorbing $86.83 million of the total, while Vaneck's HODL fund added $3.61 million. Spot ether ETFs pulled in $18.43 million the same day. Cumulative net inflows across all bitcoin ETF products since their launch in January 2024 stand near $51.3 bil

According to Iran's semi-official Fars News Agency, Iran on July 11 rejected U.S. President Donald Trump's proposal to negotiate without a ceasefire, insisting a truce must precede any talks. The agency reported that Iran has not requested negotiations with the U.S. and will not engage in any talks unless the American side first fulfills previously agreed conditions, with a ceasefire as the prerequisite outlined in the initial memorandum of understanding. Iran's Supreme Leader Ayatollah Seyyed M

According to Iran's Islamic Republic News Agency (IRNA), explosions were reported in the northern Iraqi regions of Erbil and Sulaymaniyah.

According to Qatar's Foreign Ministry statement on July 12, Qatar's Prime Minister and Foreign Minister spoke with Jordan's Deputy Prime Minister and Foreign Minister to discuss escalating U.S.-Iran tensions. Both sides stressed the importance of diplomacy and de-escalation efforts. Qatar called for implementation of a U.S.-Iran memorandum of understanding and emphasized the need to preserve freedom of navigation in the Strait of Hormuz.

According to the Genlayer Foundation, OKX, MetaMask, Matter Labs, and 24 other firms have backed Internet Court, a dispute resolution protocol designed to handle transactions and disagreements between AI agents. The protocol, led by the Genlayer Foundation with 27 participating firms, aims to provide machine-speed settlement and escrow services as autonomous agents increasingly execute payments and commercial tasks without human intervention. The Internet Court integrates MetaMask Smart Accounts

According to ChainCatcher citing Coinglass data, crypto markets experienced $76.95 million in liquidations over the past 24 hours (July 10), with long positions accounting for $30.15 million and short positions $46.81 million. Bitcoin saw $5.59 million in long liquidations and $5.55 million in short liquidations, while Ethereum recorded $4.41 million in long liquidations and $21.02 million in short liquidations.

According to Bitcoin.com News, Apple sued OpenAI on July 10 in California federal court, alleging the AI firm orchestrated a scheme to obtain Apple's product designs, manufacturing processes and supply chain strategies. The 41-page complaint names Tang Tan, OpenAI's chief hardware officer and a 24-year Apple veteran, and Chang Liu, a former Apple electrical engineer who spent eight years at the company. Apple claims Tan used confidential project code names while recruiting and coached departing

According to CNBC Investing Club, Meta Platforms jumped 15% for the week, becoming the club's best performer as the company accelerated efforts to monetize its massive AI infrastructure. On July 1, Meta confirmed it is preparing to launch a cloud business to sell excess computing power, competing with Amazon Web Services, Microsoft Azure, and Google Cloud. The company followed with the Tuesday launch of Muse Image, an AI image-generation model for creators and advertisers, and Thursday's unveili

According to Press TV, an Iranian senior intelligence source claimed the U.S. is conducting a coordinated campaign of pressure, threats, and media disinformation against Iran.

According to BlockBeats citing Defillama data, Polymarket generated $1.88 million in revenue over the past 24 hours as of July 12, surpassing Canton and Hyperliquid to rank third among crypto protocols. The protocol has accumulated over $94 million in total revenue.

According to Iran's Foreign Ministry, Iran's Foreign Minister Abbas Araghchi held talks with Oman's Foreign Minister Sayyid Badr Al-Busaidi in Muscat on July 12. The two officials discussed bilateral relations and regional developments, with particular focus on the Strait of Hormuz. They also exchanged views on appropriate mechanisms to ensure safe passage of vessels through the Strait in accordance with the Islamabad Memorandum Article 5.

According to Agence France-Presse, a U.S. military delegation met with Lebanese Armed Forces officials in Beirut on July 11 to discuss the implementation of Israel's withdrawal from an occupied "pilot zone," a Lebanese military official disclosed.

According to CME FedWatch, as of July 12, the Federal Reserve has a 65.8% probability of holding interest rates unchanged and a 34.2% probability of raising rates by 25 basis points in July.

According to ChainCatcher and Cailian Press, SK Hynix made its U.S. debut on Nasdaq on Thursday (July 10) as an American Depositary Share (ADS), with shares surging approximately 17% on opening and the company reaching a market cap of $128 billion. The offering raised $26.5 billion, setting a new record for the largest capital raise by an overseas company listing in the U.S., surpassing Alibaba's $21.8 billion IPO in 2014. SK Hynix priced the offering at $149 per share, representing a modest 3.1

According to CoinMarketCap, top 100 cryptocurrencies by market cap showed mixed performance today (July 11). Virtuals Protocol (VIRTUAL) led gainers with a 13.41% increase to $0.6148, followed by Pyth Network (PYTH) up 10.26% to $0.04834, ether.fi (ETHFI) up 7.92% to $0.4265, Worldcoin (WLD) up 6.72% to $0.4087, and Uniswap (UNI) up 5.78% to $3.75. MemeCore (M) led decliners with a 7.77% drop to $1.26.

According to Binance Research, bStocks reached nearly $300 million in on-chain market value in less than a month since launch, with tokenized stock assets growing from 5 to 25. Among 190,417 users, 206 systematic arbitrageurs contributed $198.2 million in rapid matching volume, accounting for 96.5% of relevant trading. Outside standard trading hours, bStocks captured 58% of volume compared to 42% for spot stocks, demonstrating particular strength during off-market sessions.

According to the announcement on July 10, 2026, Metaplanet, JPYC and Progmat began a joint study on bitcoin-backed digital bonds and credit products. The three-month research initiative, filed under Metaplanet's Project NOVA strategy, will examine whether tokenized instruments collateralized by Bitcoin can operate within Japan's regulatory framework. Tokyo-listed Metaplanet, which holds approximately 43,000 BTC valued at $2.75 billion, acquired Siiibo Securities in June for roughly $13 million t