Gate Crypto Flash News and Market Updates

According to The Kobeissi Letter, the Technology Select Sector SPDR ETF (XLK) experienced net outflows of $8.7 billion over the past month, marking the largest outflow among S&P 500 sector ETFs. XLK declined 5.4% during the same period. In contrast, the Financial Select Sector SPDR ETF (XLF) attracted $2.1 billion in net inflows, the highest among all sectors.

According to Tehran University's Seismic Center, a 5.0-magnitude earthquake struck Sarand region, Khuzestan Province, Iran on July 19 at 6 a.m. local time, with a depth of 12 kilometers.

According to RootData X tracking data, BSC News was the most unfollowed project by top X (Twitter) influencers over the past 7 days, with notable crypto traders including Ansem and Ash Crypto among those who unfollowed.

According to data platform RootData X, Arrow Finance, a native collateralized debt position (CDP) protocol on Robinhood Chain, has gained the most new followers among top X (Twitter) personalities over the past 7 days. Notable crypto influencers who recently followed the project include analyst 0xWizard, SpiderCrypto, and KOL 0xSun.

Legendary short-seller Jim Chanos, founder of Chanos & Co., recently warned that the current artificial intelligence infrastructure investment boom poses systemic risks comparable to—and potentially more severe than—the late 1990s dot-com bubble. According to Chanos, while capital inflows have reached historic scale, the economic fundamentals supporting this wave remain unproven. Chanos highlighted that mega-cap cloud companies' incremental capital returns have declined from approximately 40% ab

IBM stock fell 25.21% on July 16 after the company reported second-quarter results that missed Wall Street expectations, marking the company's largest single-day decline in history and erasing nearly $70 billion in market value. The stock dropped an additional 2.92% on Friday (July 17), bringing the cumulative weekly loss to approximately 26%, the worst week in IBM's history. CEO Arvind Krishna attributed the earnings shortfall to poor execution and delayed major deals. Infrastructure revenues d

According to South Korea's central bank (BOK), released July 19, the gap between real Gross Domestic Income (GDI) and Gross Domestic Product (GDP) growth hit a record high of 9.4 percentage points in the first quarter of 2026. Real GDP expanded 3.8% year-over-year, while GDI surged 13.2%, marking the largest divergence since records began in 1960. The BOK attributed the improvement in trade terms to a 92.5% surge in semiconductor prices, with IT sectors contributing 73.4% of export price gains.

According to South Korea's Financial Services Commission, Vice Chair Park Min-woo attended the Korea-Vietnam Financial Cooperation Forum in Ho Chi Minh City on July 13 and the Korea-Australia Financial Cooperation Forum in Sydney on July 15. At the Vietnam forum, Park discussed financial center development strategies and cooperation initiatives, including QR payment linkage and the export of Korea's non-performing loan management system. In Sydney, discussions focused on financial stability, hou

According to South Korea's Financial Services Commission, the regulator has referred approximately 30 cases of unfair cryptocurrency trading to prosecutors over the past two years since implementation of the Virtual Asset Users Protection Act. The FSC investigated over 40 cases total, with most involving market manipulation schemes such as pump-and-dump tactics timed to price reset points and artificial price inflation exploiting exchange withdrawal restrictions. The average illegal gains per ca

According to the Financial Investment Association of Korea, forced liquidations from insufficient collateral on margin trading and unpaid balances reached 473.5 billion Korean won (approximately $4.74 billion) from July 1 to 14, with total redemptions this month approaching 500 billion Korean won. The surge in forced sell-offs, driven by retail investors' heavy use of leverage, risks intensifying recent stock market declines.

According to Iran's state media agency Mehr News, Iran's military conducted large-scale drone strikes on two major U.S. military bases in Kuwait on July 19, targeting ammunition depots and air defense radar systems. The strikes targeted Al-Udeid military camp, located 104 kilometers from Iran's border, and Ali Al-Salem Air Base, according to Iran's military public relations department.

According to South Korea's Ministry of Finance, the government will allow foreign investors to trade more won-denominated bonds and borrow Korean won from domestic foreign exchange banks, effective today.

According to Yonhapinfomax, South Korea's government unveiled a comprehensive Won internationalization roadmap on July 19, aimed at making the Korean currency freely tradable globally. The plan centers on four key initiatives: establishing 24-hour offshore won trading infrastructure and settlement systems; expanding won transaction demand through improved capital market access and trade settlement incentives; expanding won liquidity supply via unrestricted overdraft facilities for foreign financ

According to KOSCOM CHECK, since their May 27 debut, single-stock leveraged and inverse ETF products tracking Samsung Electronics and SK Hynix have accumulated 13.4 trillion won in net inflows as of July 16. However, leveraged fund holders suffered losses, with the KODEX SK Hynix single-stock leveraged ETF declining 47.5% and the KODEX Samsung Electronics single-stock leveraged ETF falling 41.7%, while inverse products also posted losses despite the underlying stocks declining. The Financial Sup

According to Reuters, protesters gathered at over 125 locations nationwide on Saturday (July 18) to oppose the uncontrolled expansion of AI data centers. The demonstrations, organized by civil group Humans First, highlighted growing public concerns about infrastructure demands fueling the AI boom. A Reuters poll from June found only 33% of respondents believe rapid data center construction benefits outweigh drawbacks, while just 14% support building facilities in their own communities. Key conce

According to Serenity, SK Hynix ADR is trading at a 25% premium compared to its Korean stock price, with the conversion period opening on July 29 potentially pressuring U.S. stock prices. The significant arbitrage gap reflects market valuation differences between the two listings ahead of the conversion event.

Whale address geminisat.eth transferred 19,200 ETH to Binance, realizing approximately $1.4 million in profit. The transaction marks a significant liquidation by the large holder amid recent market movements.

According to chain analyst Ai Yi monitored via PANews, address 0xc36...e105B closed its $CASHCAT short position on Hyperliquid early on July 19, realizing $547,000 in profit with a 35.5% return. The trader opened the 1.54 million dollar position on July 14 at $0.11899 per token (when the asset was valued at $119 million), added to the position as the price declined, and closed all holdings at $0.05848 on the morning of July 19, four days later.

According to CryptoQuant analyst Darkfost, Bitcoin short-term holder cost basis dropped below long-term holder cost basis and fell to $69,000 on July 19, triggering a "bear market nearing end" signal. The cost basis has declined from $112,500 over the past nine months. Darkfost noted the signal does not confirm an immediate market bottom but suggests Bitcoin may be entering the final stage of the bear market, where dollar-cost averaging strategies could be more reasonable.

According to Guru Club, legendary short-seller Jim Chanos said on July 19 that while AI will ultimately succeed, the market is currently pricing nearly all AI companies as though success is inevitable. The problem echoes the dot-com bubble of 2000, when bull markets paid premium prices for future promises that failed to materialize, leading to rapid valuation corrections once reality diverged from expectations.