Gate Crypto Flash News and Market Updates

According to Bitget market data, SK Hynix shares fell over 10% in U.S. premarket trading on July 13.

According to Guru Club, on July 13, Iran's supreme leader advisor reaffirmed that the Hormuz Strait's strategic position and its security and economic importance are irreplaceable, stating that Iran will not retreat on Hormuz Strait issues.

As of 8:34 PM on July 13, Hang Seng Index futures (HSI) fell 22 points to 24,179, down 0.09% and trading 35 points below spot price. Volume reached 2,207 contracts. The session low was 24,153, down 48 points from today's cash close of 24,201, while the session high reached 24,235. Hang Seng China Enterprises Index futures (HSCEI) traded at 8,050, down 9 points or 0.11%, with a 16-point discount to spot. Volume stood at 2,907 contracts.

According to Bloomberg, on Tuesday, BCA Research chief investment strategist Marko Papic recommended clients short U.S. equities and buy European and Japanese stocks, citing easing Middle East tensions. However, less than 24 hours later, President Donald Trump announced the U.S.-Iran ceasefire had ended, forcing Papic to reverse the recommendation, which resulted in a 1.1% cumulative loss.

According to Bloomberg, the Federal Reserve Bank of New York received no bids in its overnight repo operation on July 13.

According to PR Newswire, Bitmine added 27,801 ETH over the past week, bringing total holdings to 5.77 million ETH as of July 12. With 4.917 million ETH staked, the company's total position is valued at approximately $10.5 billion at ETH's price of $1,820. At the current 2.70% annual staking yield, Bitmine's annual staking rewards are estimated at $242 million, potentially rising to $284 million if all ETH is staked.

Germany's current account recorded an unadjusted surplus of €10.368 billion in May, marking the smallest surplus since May 2025.

Germany's May unadjusted current account stood at 10.368 billion euros, down from 13.8 billion euros in April.

Micron Technology (MU-US) stock fell 5.1% in premarket trading on July 13, as investors worried about competitors' aggressive capacity expansion plans potentially driving down hardware prices and cutting profits. SK Hynix dropped over 8% in premarket trading. Samsung Electronics plans to accelerate construction of its Ryongryong semiconductor park in Korea, with production expected to start one to two years earlier in 2029. According to South Korea's Ministry of Industry, Samsung and SK Hynix ha

According to the Associated Press on July 13, while Trump has claimed he issued orders for large-scale retaliation against Iran if assassinated, no such automatic "dead hand" mechanism exists under U.S. law. Under the 25th Amendment and Presidential Succession Act, Vice President JD Vance would immediately assume the presidency and command of the armed forces upon Trump's death, with authority to decide whether to execute, modify, or cancel predecessor orders. Experts stated the U.S. government

According to Bloomberg, Intel is investing €5 billion (approximately $5.7 billion) to expand its manufacturing facility in Leixlip, Dublin, as part of its effort to regain leadership in AI chip production. The expansion will increase production capacity for data center processors, including its flagship Xeon server chips, and advance research and development activities at the site.

According to President Trump, the U.S. held an 11-hour meeting with Iranian officials yesterday (July 12).

According to the U.S. Office of Government Ethics disclosure, Trump's family crypto ventures and personal TRUMP memecoin generated over $1.4 billion in proceeds during 2025. The funds were reallocated into stocks and bonds, with the portfolio valued between $703 million and $2.6 billion as of end-2025, compared to $225 million to $608 million at end-2024.

According to Bloomberg ETF analyst Eric Balchunas, leveraged exchange-traded funds have generated $66 billion in realized cash gains for traders since their introduction, contradicting initial expectations that the products would drain capital. Some leveraged ETFs, including TQQQ, have surged over 38,000% but still experienced outflows as traders took profits, the data shows. The analysis excludes volatility drag and includes inverse-leveraged funds, Balchunas noted.

According to official announcement, Strategy increased its dollar reserves to $3 billion as of July 12, representing an addition of $450 million. The organization also holds 843,775 bitcoins in its reserves.

According to ChainCatcher, publicly listed Bitcoin treasury and AI data center company Hyperscale Data recently added approximately 100 BTC to its holdings, bringing total Bitcoin reserves to over 1,000 BTC. The company's management disclosed plans to potentially use Bitcoin as collateral for future financing while diversifying its balance sheet alongside cash and other strategic assets.

According to research from Boston College's Center for Retirement Research, workers ages 55 and older in AI-exposed industries have accelerated their job transitions since ChatGPT's launch, driven equally by unemployment and voluntary departures. Economist Geoffrey Sanzenbacher noted the effect is statistically significant and can be quite large for some occupations. The study identifies five highest AI-exposed careers—web designers, web developers, database architects, computer programmers, and

Oppenheimer and KeyBanc cut their price targets on Netflix (NFLX) on Monday, July 13, ahead of the company's Q2 earnings report later this week. Oppenheimer lowered its target to $100 from $120, while KeyBanc analyst Justin Patterson reduced his to $92 from $115, according to TheFly. The moves follow similar cuts from Citi and Bernstein last week, both lowering targets to $100. All four firms maintained buy-equivalent ratings. Analysts cited valuation concerns, noting Netflix trades at a premium

According to PANews, AI healthcare project Savior of Health completed a $4 million strategic funding round on July 13, 2026. Investors include Amber Group, Basics Capital, Animoca Brands, Candaq, TBV, Everwood Capital, Olaris Capital, MangoLabs, and Credit Scend. The funding will support AI-driven medical services and health management, next-generation medical infrastructure development, AI scientific research via health questionnaires, and expansion of its global healthcare ecosystem.

According to Bloomberg, on July 13, five major U.S. banks—JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and HSBC—announced the formation of a blockchain-based network operated by The Clearing House to connect tokenized bank deposits. The network, expected to launch in 2027, aims to enable interoperability across banks' blockchain systems and initially target wholesale payments and liquidity management. Stablecoins such as USDT and USDC processed approximately $33 trillion in transacti