Gate Crypto Flash News and Market Updates

According to Kitco News, U.S. initial jobless claims fell to 187,000 for the week ending July 18 on Thursday, below economists' consensus forecast of 212,000. The Labor Department's release triggered a market selloff, with spot gold prices declining 1.41% to session lows of $4,071.59 per ounce. The four-week moving average for new claims also came in better than expected at 207,500 versus the forecasted 213,000.

Zhibao Technology, a Nasdaq-listed Shanghai-based digital insurance company, announced Wednesday it signed a non-binding term sheet to receive approximately 3,500 Bitcoin as consideration for a PIPE financing deal worth roughly $220 million at current prices. Under the agreement with Joyertech and Information OPC, the buyer would designate a majority of the board of directors at closing, effectively taking control, while Zhibao's current management continues running day-to-day operations until a

According to Bitcoin.com News, Moonpay added Discover Network as its third supported U.S. card brand alongside Visa and Mastercard, enabling cardholders to buy and sell crypto across Moonpay's network of more than 500 enterprise partners including wallets, exchanges, and fintech applications. The expansion removes payment friction for Discover cardholders and signals continued convergence between traditional finance payment infrastructure and crypto markets.

According to Southwest Airlines CFO Tom Doxey, the Dallas-based carrier shipped 12.6 million gallons of jet fuel from Houston to Los Angeles on May 28, marking the airline's first such cargo shipment. The vessel traveled through the Panama Canal to address supply concerns on the West Coast, where prices are significantly higher and availability had become constrained. Jet fuel prices have remained volatile since February's U.S.-Israel strikes on Iran, with the West Coast more reliant on imports

According to CNBC, Intel reported second-quarter results on Thursday that significantly exceeded expectations, with adjusted earnings per share of 42 cents versus 21 cents expected and revenue of $16.1 billion versus $14.42 billion expected. The chipmaker's 25% revenue growth marked its fastest quarter since the third quarter of 2011. CEO Lip-Bu Tan attributed the performance to artificial intelligence demand, stating "AI is driving unprecedented demand for compute," as strong sales of server pr

According to the Korean Exchange, South Korean robot stocks rebounded sharply on July 23 following Samsung Electronics' formal entry into the robotics business. Rainbow Robotics, Samsung's largest shareholder subsidiary, surged 6.17% to 508,000 KRW (up 35.65% from July 21 opening), with gains of 9.73%, 16.28%, and 6.17% over three consecutive days. Doosan Robotics rose 3.25%, closing at 69,800 KRW, up 14.43% from July 21. Hyundai Motor also climbed to 429,000 KRW. Robotics-focused ETFs recorded

According to ICE Futures and NYMEX data, Brent crude oil futures for September delivery closed at $100.69 per barrel on July 23, surging 7.04% on the day. This marked the first time the international benchmark has exceeded $100 per barrel in roughly two months, driven by escalating tensions in the Middle East region.

According to Iraqi PM's office, today Iraqi Prime Minister Mohamed Shia al-Zaydi visited Iran and held talks with Iranian President Masoud Pezeshkian in Tehran. Al-Zaydi stated that Iraq and Iran's security are closely linked, and Iraq will not permit any action threatening Iran to be launched from its territory. Pezeshkian emphasized that security and stability are crucial to bilateral relations development.

Intel reported Q2 revenue of $16.13 billion today, exceeding analyst expectations of $14.43 billion. The company's data center and artificial intelligence segment generated $6.26 billion in revenue, surpassing projections of $5.54 billion. Adjusted earnings per share reached $0.42, significantly above the expected $0.21. For Q3, Intel guided revenue between $15.8 billion and $16.8 billion. Intel's stock rose 9% in after-hours trading following the announcement.

SAP reported second-quarter non-IFRS cloud revenue of 6.28 billion euros, exceeding analyst expectations of 6.26 billion euros.

On July 23, the foreign ministries of Jordan, United Arab Emirates, Indonesia, Pakistan, Turkey, Saudi Arabia, Qatar, and Egypt issued a joint statement strongly condemning Israel's escalatory actions at Al-Aqsa Mosque. According to the statement, Israeli authorities allowed settlers accompanied by a far-right minister to enter the mosque under police protection, where they raised Israeli flags and set up police tents. The eight countries stated these actions violate international law and UN res

According to Jin10, U.S. stock indices closed lower on July 23. The Dow Jones fell 0.97%, the S&P 500 dropped 1.2%, and the Nasdaq declined 2.15%. Among major stocks, Tesla (TSLA) plunged 14.5%, while Micron Technology (MU) rose 3% and SK Hynix (SKHY) gained 2.5%. The Nasdaq Golden Dragon China Index fell 0.57%, with Alibaba (BABA) down 2%.

US Reps. Ted Lieu (D-Calif.) and Nathaniel Moran (R-Texas) introduced the AI Kill Switch Act today (July 23), which would authorize the Department of Homeland Security to order the shutdown of AI systems that pose catastrophic risks. The bill would require AI developers to deploy technical capabilities enabling throttling or complete system shutdown upon government order. Violations could result in fines up to $20 million per day. The proposal was triggered by recent incidents, including OpenAI'

The Nasdaq Golden Dragon China Index fell 0.6% at close today. Among popular Chinese stocks, Powertech Technology declined 2.8%, Alibaba dropped 2.1%, and NetEase fell 0.8%, while Meituan gained 2.4% and Xiaoma Smart gained 7.5%. In related ETFs, CQQQ declined 2.2% and KWEB fell 0.6%.

According to Odaily, crypto derivatives exchange BitMEX announced its closure with trading to end on September 23. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, the exchange's parent company HDR Global Trading made the decision following a strategic review. BitMEX historically pioneered perpetual contracts as a key product in digital asset derivatives trading. CryptoQuant data shows BitMEX's Bitcoin futures daily trading volume declined from its 2020 peak of $1–5 billion to signifi

According to Bloomberg, Alphabet Inc.'s stake in AI startup Anthropic was valued at approximately $124.3 billion as of June 30. The Google parent company disclosed the valuation in a filing on Thursday, noting that the value of its unnamed private company investments was driven "primarily" by this single investment. The specific details of Alphabet's Anthropic holding were confirmed by sources familiar with the matter.

Iran's Foreign Ministry Spokesperson called on Gulf Cooperation Council member states to provide clarification regarding their involvement in military actions against Iran, according to an official statement released today.

According to research from the National Cryptocurrency Association (NCA) released Wednesday, the crypto industry is estimated to contribute $55 billion to the US economy in 2026 through salaries, worker spending and output. The study found that about 34,000 people are directly employed by crypto companies in the US, supporting approximately 232,000 jobs across the entire economy. Texas, Washington, North Carolina, California and New York employed the most people in the industry, while Colorado w

On Thursday, July 23, non-dollar currencies declined broadly following the European Central Bank's decision. The South African rand fell 2.66% against the U.S. dollar, the steepest decline among major currency pairs. The New Zealand dollar fell 0.82%, while the Mexican peso declined 0.77%. The euro dropped 0.32% to 1.1375, and sterling fell 0.45% to 1.3315. The Australian dollar retreated 0.48% against the greenback.

According to the U.S. Treasury, the 10-year Treasury Inflation-Protected Securities (TIPS) auction held on July 23 settled at a yield of 2.438%, up 26.9 basis points from May's 2.169% and marking the highest level since October 2008. The bid-to-cover ratio declined to 2.30 times from the previous auction's 2.52 times, falling below the three-meeting average of 2.46 times, indicating weaker-than-expected demand.