Gate Crypto Flash News and Market Updates

According to trade.xyz, Longxin Storage has been converted to standard XYZ perpetual contracts, supporting 10x leverage and 24/7 trading on the platform.

According to GMGN monitoring, PONS, the native token of Robinhood Chain's Pons launchpad, surged to an all-time high of $57 million on July 27, before settling around $53 million. The token gained 20% in 24 hours with trading volume of approximately $5.3 million. The rally was driven by growing platform trading activity and anticipation of Pons V2 upgrade, which will introduce ETH bonding curves and Uniswap V4 integration while supporting stablecoin and tokenized stock pairs. PONS functions as t

According to CBS Radio, on July 27, South Korea's Presidential Policy Director Kim Yong-beom confirmed the government is reviewing exit strategies for multi-property owners under the planned property tax reform. The government is also examining standards for ultra-high-value properties and discussing revisions to long-term holding tax deductions alongside broader housing supply expansion measures.

According to BlockBeats, Chainxin Technology's contract positions on trade.xyz exceeded $100 million on July 27, based on official platform data.

According to Jin10, Long Shine Technology, a leading domestic memory chipmaker, listed on the Shanghai STAR Market on July 27, setting multiple A-share records in its opening hours. The stock opened with a market capitalization of approximately 3.31 trillion yuan, becoming the first A-share technology stock to exceed 3 trillion yuan market cap at opening. Long Shine surpassed SMIC to become the highest-valued listed company on the STAR Market. In its first trading hour, the stock achieved over 1

According to MarketWatch and Nikkei newspaper on July 27, Alphabet reported Q2 net income of $112.1 billion, a fourfold increase year-over-year. However, $98 billion of this figure came from unrealized investment gains on holdings including SpaceX and other unrevealed positions, rather than actual cash flow. Alphabet swung to a free cash flow deficit of $5.8 billion in Q2, marking its first such shortfall since its 2004 listing 22 years ago. Despite this, the company raised its full-year capital

According to Mirae Asset Securities, top 1% investors by monthly returns on the brokerage's platform bought SK Hynix, Samsung Electronics, and SK Telecom most actively on July 27 morning through 11 a.m. local time. SK Hynix traded down 0.85% at 1,744,000 Korean won; Samsung Electronics fell 0.40% to 248,500 won; SK Telecom rose 0.60% to 100,600 won. The buying interest follows recent AI summit announcements where SK Group and Samsung inked partnerships with major U.S. tech firms including Nvidia

According to HyperInsight, CXMT contracts on Hyperliquid showed price anchoring deviation on their first day of trading on July 27. Long Xin Technology (688825.SH) traded at 49.50 yuan on the Chinese stock exchange, equivalent to approximately 7.3551 USD per share. The Hyperliquid oracle price stood at 7.3125 USD, while the mark price was 6.9780 USD, corresponding to about 46.96 yuan. The mark price reflected a 5.13% discount to the A-share equivalent price, or 0.3771 USD lower. The oracle price

According to The Fact, Mirae Asset confirmed on July 27 that it completed the acquisition of 97.15% of Korbit, South Korea's fourth-largest cryptocurrency exchange by trading volume. The acquisition marks the first time a domestic traditional finance group has taken operational control of a virtual asset exchange. Korbit, which holds approximately 0.5% market share in the Korean won-denominated crypto market, has recorded consecutive operating losses for eight years. Mirae Asset plans to pivot t

According to Bloomberg, U.S. asset managers including Cogi Strategies, Granite Shares, and Turtle Capital filed at least 9 leveraged ETF products tracking Kioxia stock and American depositary receipts on July 27. The filings include 2x daily leverage ETFs and inverse ETFs targeting the Japanese chipmaker. If approved, these would mark the first individual-stock leveraged ETFs for a Japanese company listed in the U.S. Market participants expressed concerns that the products could amplify stock vo

According to China's Ministry of Water Resources, in the first half of 2026 (January to June), the country completed 5,151 billion yuan in water conservancy construction investment across 33,000 projects as part of its modern water network modernization initiative. Major projects including the environmental water resource allocation project around the Beibu Gulf and the Yellow River Gugan Water Conservancy Hub advanced significantly during the period.

According to Peter Schiff speaking on The Peter Schiff Show Podcast this week, Japan's surging bond yields and weakening currency pose a systemic threat to U.S. financial markets. Japan's 30-year government bond yield hit near 4%, a record for that maturity, while the yen fell to its lowest level against the dollar in 40 years. Schiff highlighted that Japan holds over $1.1 trillion in U.S. Treasuries, the largest foreign holding of any nation. He warned that a Japanese debt crisis could force la

According to Specter, stablecoin payment infrastructure Triple-A suffered a hack today (July 27), with total losses now reaching $11.8 million. The attack on the platform's hot wallet resulted in over $9.3 million in stolen funds being transferred across to Ethereum.

According to South Korea's investment banking industry, global private equity fund Entrada was named the preferred bidding partner (우협) for TaylorMade's acquisition on July 27. Entrada has formed a consortium with American sports magnate Dave Checketts, the founder and former owner of MLS club Real Salt Lake. The acquisition is valued at an estimated KRW 3-4 trillion (approximately $2.3-3.1 billion). As the preferred bidder, Entrada must submit a letter of commitment (LOC) by August to maintain

Hong Kong's financial authorities recently introduced a Flexible Leverage Structure that allows daily adjustment of target leverage for leveraged and inverse exchange-traded products (ETPs). The measure aims to enhance operational flexibility and strengthen market stability. Hong Kong is recognized as a leading global market for leveraged and inverse ETPs.

According to Guru Club, President Putin signed three artificial intelligence-related laws on July 27. The legislation establishes a legal framework for Russian foundational AI model development, deployment, and application, introducing the concepts of 'sovereign AI models' and 'state AI models.' The laws permit relevant developers to access state data for model training, require users to label AI-generated audio and video content with platform support, and allow copyrighted works to be used for

According to DataEye's H1 2026 report released on July 27, China's AI drama and manhua market reached 22 billion yuan in the first five months of 2026. The research firm forecasts the market will expand to 40 billion yuan for the full year, representing 138% year-on-year growth. By early 2027, the domestic user base for AI-generated dramatic and comic content is projected to reach 700 million, positioning it as a mainstream internet content format.

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate's mid-price reached 144,550 yuan per ton today, up 250 yuan per ton from yesterday's 4:30 p.m. close.

According to the Wall Street Journal on July 26, Nvidia is in talks with OpenAI to provide approximately $250 billion in financing guarantees for a massive data center project in southern Ohio. The project, developed by SoftBank subsidiary, is planned with 10 gigawatts capacity and aims to become operational by 2028, with total chip procurement potentially exceeding $500 billion. The guarantee will cover data center lease and construction debt but exclude Nvidia chips themselves, while the two p

At early close on July 27, the Nikkei 225 index rose 0.2%, while the Tokyo Stock Exchange index gained 1%.