Gate Crypto Flash News and Market Updates

According to an EPA public hearing held on Wednesday, the Trump administration is considering a rule change that would allow states to decide how the public participates in the permitting process for air pollution sources, including gas plants and diesel generators that power data centers. The proposal comes as communities across the US increasingly use existing permitting procedures to slow data center expansion. "People want to have a say," said Vanessa Lynch, a Pennsylvania organizer with Mom

According to Korea Exchange, SK Ecnics' stock surged 113.79% in one month through July 23, rising from 37,700 won to 80,600 won. The stock hit its daily price limit on July 23. Foreign investors purchased 140.6 billion won worth of shares while institutions bought 99.5 billion won during the same period, driven by rising international oil prices amid U.S.-Iran geopolitical tensions, which bolstered demand for renewable energy stocks. The renewable energy and energy storage specialist's stock pri

U.S. new home sales increased 1.6% month-over-month in June, falling short of the 4.8% forecast but rebounding from a 7.3% decline in May.

According to PANews, on July 24, Kinetic Group plans to acquire up to 10% of the total FLUID token supply through open market purchases and over-the-counter transactions.

U.S. new home sales in June reached 622,800 units, beating consensus expectations of 607,000 units and rising from 580,000 units in May.

According to MSX.COM data, U.S. storage stocks declined today, with SK Hynix, SanDisk, and Micron Technology falling over 4%. Maxim Integrated declined over 3%, while Western Digital and Seagate Technology fell over 2%.

According to Polymarket prediction data monitored by PPP, the probability of WTI crude oil breaking through $95 per barrel in July fell to 53% in the past 24 hours, down 16%; the probability of surpassing $100 per barrel declined to 27%, down 13%. Market participants cite ongoing disruptions in Red Sea energy transit routes and escalating Middle East tensions as drivers of oil price volatility, with prices maintaining a 10% weekly gain as supply pressures continue.

According to Gate, WTI crude oil fell 2.19% intraday to $91.02 per barrel on July 24. Brent crude oil also declined 1.91% to $93.43 per barrel over the same period.

According to MSX.COM data, on July 24, major AI-focused stocks surged at the U.S. market open. SAP rose 5.83%, ServiceNow climbed 5.05%, Workday advanced 3.49%, Atlassian increased 3.06%, and Adobe gained 2.95%.

Gate News message, according to Lookonchain's July 24 update, Bitcoin ETFs recorded a 1-day net outflow of 3,507 BTC (approximately $225.56 million), while maintaining a 7-day net inflow of 6,063 BTC (approximately $389.93 million). Ethereum ETFs showed a 1-day net inflow of 12,522 ETH (approximately $23.32 million) and a 7-day net inflow of 99,239 ETH (approximately $184.78 million). The data referenced a previous July 23 update from Lookonchain.

According to New York Fed data, SOFR (Secured Overnight Financing Rate) stood at 3.64% on July 23, up 2 basis points from the previous day. The federal funds rate remained unchanged at 3.63%.

According to Huawei, 2,900 government and industry leaders gathered today at Huawei South Africa Connect 2026 to examine how AI and intelligent digital infrastructure can help South African organisations adopt AI at scale. South Africa ranks first in Sub-Saharan Africa for AI readiness. Solly Malatsi, Minister of the Department of Communications and Digital Technologies, opened the event, calling for closer partnership between government and industry to widen access to South Africa's digital eco

According to PANews, Coinbase added support for USDC-BRL trading on July 24, making it available to users in Brazil. The pair will debut on Coinbase Exchange and subsequently expand to Coinbase.com, Coinbase App, and Coinbase Advanced, enabling local users to trade and hold USDC stablecoin directly in Brazilian reals.

The U.S. services sector expanded faster than expected in July, with the S&P Global services purchasing managers' index (PMI) rising to 53.6, surpassing the forecast of 51.5 and up from 51.2 in the prior month.

According to S&P Global data released in July 2026, the U.S. manufacturing PMI initial reading came in at 53.8, below the forecast of 54.4 and slightly down from the prior month's 53.9.

According to Guru Club, on July 24, U.S. technology companies released an open letter emphasizing that open-weight AI models are essential for a healthy AI ecosystem. The letter argues that reliance solely on proprietary models poses risks and that the U.S. faces a critical choice in supporting open-weight alternatives.

The U.S. S&P Global Composite PMI initial reading came in at 53.6 in July, beating the expected 52.2 and rising from the prior month's 51.9.

During early trading on July 24, major U.S. industry ETFs displayed mixed performance. Global Aviation ETF rose more than 1%, while Technology ETF gained nearly 1%. Semiconductor ETF declined nearly 1%.

According to Giediminas Jeglinskas, ECB policymaker and Lithuanian central bank governor, on July 24, policy rate increases remain more likely than cuts. The ECB held all three main policy rates steady the previous day. Jeglinskas noted inflation risks remain tilted upward, with crude oil reaching $100 per barrel adding pressure on price growth.

The U.S. July manufacturing and services PMI flash readings, compiled by S&P Global, are scheduled to be released in approximately 10 minutes.