Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
16:30

DeFi Aggregator Odos Shuts Down All Services on July 30, Has Routed $104B in Trades

According to Odaily, DeFi aggregator Odos announced on July 25 that its operating company is winding down, with all services halting on July 30, 2026. The platform will enter read-only mode on July 27, allowing users to view balances and history but preventing new trades. Users holding assets in Odos-generated wallets must export private keys or transfer funds to self-custodied wallets before July 30. Odos routed over $104 billion in trading volume across approximately 15 blockchain networks sin
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16:19

Wise Plans to Resubmit US Charter Application Under GENIUS Act After Friday Denial

According to a Friday research note by investment banking group William Blair, payments company Wise is expected to resubmit its US charter application under the GENIUS Act framework following its denial by the Office of the Comptroller of the Currency (OCC) on Tuesday, July 22. The OCC rejected Wise's application to establish a national trust bank, citing insufficient Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance programs and other illicit finance activi
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16:17

Etched's Valuation Doubles to $10.3B as AI Chip Startups Challenge Nvidia's Dominance in Six Ways

According to BlockBeats, citing Anthropic investor Deedy, AI chip startups are pursuing six distinct approaches to challenge Nvidia's GPU supremacy by addressing fundamental data movement inefficiencies. These routes include eliminating DRAM (Groq, acquired by Nvidia for $20 billion), interconnects (Cerebras, valued at $48 billion), compute-memory separation (d-Matrix), server-centric architecture (Majestic), generality (Etched, Taalas, MatX), and lithography costs (Substrate). Etched's valuatio
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16:14

Russian Foreign Minister Did Not Hold Substantive Talks with Japan's Foreign Minister in Manila on July 26

According to Russian Foreign Ministry spokeswoman Zakharova, Russian Foreign Minister Lavrov did not hold substantive talks with Japanese Foreign Minister Motegi Toshimitsu in Manila on July 26. Zakharova stated that there were no discussions regarding international affairs, regional issues, or bilateral relations, and that Lavrov responded to Motegi's greeting with only courtesy remarks.
16:12

Triple-A Hot Wallets Drained of $9.7 Million Across Six Chains: Peckshield Alert

According to Peckshield, Triple-A, a Singapore-based fiat-to-crypto payment gateway, had hot wallets drained of $9.7 million across six chains on Saturday, including Ethereum, Tron, Polygon, Arbitrum, Solana, and The Open Network (TON). Onchain investigator Specter first reported the incident. The attacker consolidated stolen assets by swapping them on decentralized exchanges and bridging proceeds to Ethereum, with roughly 5,227 ETH landing in a single address worth approximately $9.7 million. T
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ETH0.27%
TRX0.15%
ARB-1.06%
SOL0.18%
16:08

APEC Data for Growth Roundtable Releases Presidential Statement on July 25 in Chengdu

According to Jin10, the APEC Data for Growth Senior-level Roundtable released its presidential statement on July 25 in Chengdu, focusing on data's role in driving innovation, productivity, and economic growth. The statement marks a strategic shift in APEC data cooperation from governance and compliance toward value creation. The framework expands beyond privacy protection and cross-border data flow rules to encompass data supply, circulation, application, and growth enablement throughout the ful
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16:01

Whale 'First Set 10 Big Goals' Plans to Re-enter BTC Long Near $64,000 if Support Holds

According to BlockBeats, on July 25, crypto whale '先定10个大目标' outlined a trading plan for Bitcoin. The trader previously exited a long position entered near $64,980 after prices fell to the $64,000–$64,300 range, triggering its stop loss. It will now observe price action and re-enter long positions near $64,000 during the coming week if the level does not break below effectively, with a new stop loss placed at $63,500–$63,000. The whale is currently running a 300 BTC position with a $300 million
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BTC0.07%
15:44

Bitwise Advisor Says Nvidia CEO Huang and Solana Share 'Aha Moment' as He Backs Open AI Models

According to Bitwise advisor Jeff Park, Nvidia CEO Jensen Huang's debut post on X on Friday backing open-weight AI models aligned with core crypto principles of decentralization. Park said Huang's letter echoed crypto networks' thesis: "decentralization over concentration, transparency over obscurity, open infrastructure over closed gatekeepers." Huang warned that limiting advanced AI to a few providers creates single points of failure and stifles competition. The letter, "Open Weights and Ameri
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SOL0.18%
15:37

Kimi Retains Research Talent by Open-Sourcing Models, Enabling Author Credit After DeepSeek R1 Launch

According to Financial Times, Kimi (月之暗面) shifted focus to model training and open-sourcing after DeepSeek R1 launch, using this strategy to retain research talent. By open-sourcing its flagship models and enabling researchers to publish papers under their own names, the company offers researchers career benefits—including individual attribution and industry reputation—that go beyond typical corporate employment, particularly appealing to those prioritizing academic impact and technical influenc
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15:31

SUN Completes Phase 51 Buyback and Burn, Cumulative Burns Exceed 678 Million Tokens

On July 25, the SUN token's Phase 51 buyback and burn was completed, with cumulative total burns now exceeding 678.5 million tokens (678,547,188.32) since the program launched in December 2021. The latest phase burned 9,025,027.40 tokens, with all transferred to a burn address for permanent removal. SunSwap V2, SunPump, and SunX contributed approximately 382 million, 286 million, and 10.7 million tokens respectively to the cumulative total.
15:26

Whale Stakes $32.87M in HYPE as Token Trades 24% Below June Peak

According to on-chain data per Arkham, a whale staked 557,902 HYPE ($32.87 million) on Hyperliquid on Saturday after receiving the tokens from FalconX, an institutional liquidity provider. The transfer moved directly into a staking position, suggesting a long-term commitment rather than short-term trading activity. HYPE has traded near $57-59 as of Saturday, down approximately 24% from its all-time high of $76.67 on June 16. Despite the pullback, total staked HYPE has climbed toward 436 million
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HYPE-1.96%
15:01

DeepSeek Suspends Series B Funding on July 25 Over Founder's Concerns With Media Coverage

According to BlockBeats, on July 25, DeepSeek suspended its Series B funding round and notified some potential investors it would not proceed with planned investment agreements. The suspension was partly triggered by founder Liang Wenfeng's dissatisfaction with media coverage of statements he made to investors during the company's Series A. DeepSeek may resume the fundraising process later and has already begun preparations for an initial public offering, which could be filed as early as this ye
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14:57

World Foundation Raises $52.5M WLD to Accelerate World ID Expansion

According to The Block, World Foundation raised $52.5 million through a strategic WLD token sale, with all tokens locked for one year. Pantera Capital led the round, with participation from Bain Capital Crypto, Eightco Holdings (Nasdaq: ORBS), Selini Capital, and Susquehanna Crypto. The proceeds will fund World ID technology expansion across enterprises, individuals, and AI agents, with World ID now integrated into Zoom, DocuSign, Okta, Vercel, and Tinder. Over 39 million users have joined the n
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WLD-7.45%
14:56

Trump Team Transfers $16.9M in TRUMP to Bitgo; $172.4M Cumulative Over Five Months

According to blockchain analytics platform Lookonchain, the Trump team allocation wallet transferred 10.84 million TRUMP ($16.91 million) to institutional custodian Bitgo on Saturday. This represents the latest in a series of custody moves; the team has cumulatively transferred 48.25 million TRUMP ($172.4 million) across three separate batches over the past five months since the token's January 2025 Solana launch. TRUMP is trading near $1.55, down approximately 96% from its peak, as ongoing tran
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TRUMP-1.24%
SOL0.18%
14:45

LMAX Group Seeks Sale or Public Listing With Valuation Up to $5 Billion

According to CoinDesk, institutional crypto trading platform LMAX Group is exploring strategic options including a sale, SPAC merger, or initial public offering on Nasdaq or European exchanges, with a potential valuation reaching up to $5 billion. The company has engaged Morgan Stanley and investment bank KBW to evaluate the alternatives and is not in a rush to proceed, sources said. LMAX received a $150 million strategic investment from Ripple in January to accelerate adoption of RLUSD stableco
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14:45

Bitcoin Premium Index on Coinbase Stays Negative for 67 Consecutive Days, Marking Record Streak

According to Coinglass data reported by BlockBeats, Bitcoin's premium index on Coinbase has remained in negative territory for 67 consecutive days (from May 19 to July 25) with the latest reading at -0.0708%. The previous record for sustained negative premium lasted 40 consecutive days from January 16 to February 24, 2026. The current streak now exceeds the approximately 30-day negative premium period recorded during the 1011 market crash, making it the longest negative premium duration since th
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BTC0.07%