Gate Crypto Flash News and Market Updates

According to Korea Exchange data released July 24, South Korea's single-stock leveraged ETF market concentration remains largely unchanged one week after the Financial Services Commission unveiled supplementary regulatory measures. The combined market capitalization of 16 such products grew from 4.4 trillion Korean won on the launch date (May 27) to 11.9 trillion won as of July 15, though trading volumes and asset concentration patterns have shown no significant improvement following the regulat

U.S. Central Command completed its 13th consecutive strike on Iran on July 25, according to an official statement. Iran rejected ceasefire proposals unless its demands regarding the Strait of Hormuz are met, said Foreign Minister Araghchi. Meanwhile, the U.S. Treasury Department announced a new round of sanctions against Iran, escalating tensions in the ongoing military conflict.

X product lead Nikita Bier announced on July 25 that the platform has removed 42,000 accounts found using chatbot auto-replies to users. Bier stated that automated interactions via AI without human intervention contradict X's core mission of reflecting authentic human expression.

According to the People's Bank of China, the central bank released a draft regulatory framework governing multi-purpose prepaid card operations for public comment on July 25. The framework, titled the Management Measures for Type II Stored-Value Account Operations, sets standards for non-bank payment institutions that issue these cards across regions and industries. The draft regulation covers transparency, fund safety, information protection, and accountability requirements. Multi-purpose prepa

According to Hkej Investment Research, Tesla and Alphabet tumbled 14.5% and 7.1% respectively on Thursday, July 23, following disappointing quarterly earnings, triggering broad weakness across the Magnificent Seven, which collectively shed $797 billion in market value—equivalent to more than two HSBC-sized companies and the steepest single-day loss since April 2025. The selloff was amplified by geopolitical tensions, with Brent crude oil surging above $100 per barrel for the first time since May

President Lee Jae-myung met OpenAI CEO Sam Altman on July 24 in San Francisco to request active participation in South Korea's three mega artificial intelligence infrastructure projects. According to Yonhapinfomax, Lee characterized the initiatives as "national strategic decisions" and emphasized their importance as Korea restructures its industries around AI. Altman praised Korea's AI policy and leadership, stating that the government demonstrated "among the most important efforts in the world"

According to Rappler, The Economist retracted its April forecast for Brent crude to reach $88 per barrel by year-end on July 2, after spot prices plummeted to slightly over $70. The publication's reversal reflects the failure of linear oil forecasts during wartime, when supply disruptions, inventory releases, demand shifts, and geopolitical risks create complex feedback loops that static models cannot predict. The Middle East conflict caused the largest physical oil supply disruption in history,

Tesla CEO Elon Musk announced on July 25 that the company plans to open-source the software for Model S and Model X vehicles, aiming to expand its software ecosystem.

According to Odaily, Changxin Memory's perpetual market discovery boundary will be adjusted to 50% at 23:00 UTC on July 26. The adjustment follows the anticipated initial public offering of Changxin Memory on the Shanghai Stock Exchange's STAR Market on June 27, as reported by trade.xyz on X.

According to Grayscale, today, the cryptocurrency firm released analysis suggesting bitcoin's bear market bottom depends on Federal Reserve policy rather than traditional four-year halving cycles. Head of research Zach Pandl outlined two scenarios: the historic model predicts a bottom in September or October with continued weakness, while a macroeconomic framework suggests the bottom may have already formed if the Fed avoids rate hikes and U.S. growth remains stable through 2026. Grayscale argue

According to Yonhapinfomax, the USD/KRW exchange rate retreated to 1,458.50 won on July 25, down 15.70 won from the previous day's New York close of 1,474.20 won. The decline was driven by sustained dollar-selling pressure from South Korean exporters and offshore dollar futures positions, which accumulated over consecutive trading days. Foreign investors continued to net-sell dollar futures, with positions exceeding 38,000 contracts. The pair had earlier peaked at 1,476.30 won before shifting sh

According to Yonhap Infomax, NVIDIA CEO Jensen Huang announced on July 24 (local time) in San Francisco that the company will establish a $500 billion business partnership with South Korea's SK Group. Huang also revealed plans for major investments in Naver, South Korea's leading cloud company, and partnerships with SK Hynix and Samsung Electronics on chip and memory design. Huang further announced the establishment of an NVIDIA AI Frontier Lab in South Korea, with leading AI researchers relocat

According to Edaily, on July 25, Shinhan Financial Group's CFO indicated the company is considering acquiring Lotte General Insurance at below 1 trillion won, revealing active price negotiations with major shareholder JKL Partners. The acquisition price has dropped to roughly half its 2024 valuation of 2-3 trillion won. JKL Partners, which invested approximately 880 billion won since acquiring the insurer in 2019, faces resistance to accepting a sub-1-trillion-won deal after seven years of capit

According to the Korea Exchange, Mirae Asset's TIGER S&P 500 ETF attracted the most net inflows among U.S. stock ETFs during July 16-23, 2026, pulling in 139.5 billion won (approximately $107 million USD) from retail investors. U.S. benchmark index ETFs and covered call products dominated capital inflows in South Korea's ETF market during the fourth week of July.

According to the Financial Investment Association of Korea and Korea Securities Depository, South Korean retail investors' net purchases of U.S. stocks surged four-fold this month compared to June. As of July 23, investor deposits totaled 104.2975 trillion Korean won, reflecting renewed appetite for American equity markets among domestic traders known as 'Seohak Gaemi' (Western-learning ants).

According to Yonhapnews, the Dow Jones 30 Industrial Average rose 235.60 points (0.46%) to 51,947.25 on July 24 (local time), as weakness in semiconductor stocks offset gains from a six-day oil price decline. The market showed mixed performance across indices amid diverging sector movements.

According to Korea Securities Computing, individual investors' funds have been flowing into covered call ETFs in recent weeks as domestic stock market volatility increases. These products, which limit upside gains in bull markets but provide steady income and downside protection, have regained investor attention as a defensive investment amid recent market swings.

According to CNBC, President Trump announced on Friday (July 24) that his administration would launch a trade investigation against the European Union, targeting the removal of major fines issued to American tech companies and threatening to impose "high" tariffs on the bloc. Trump's statement came after the EU fined Google 1 billion dollars for allegedly prioritizing its own services in search results, a move he called "illegal and unethical" on Truth Social. The investigation will be conducted

According to Zhitong Finance, Hang Seng Index ADR closed at 24987.23 points on Friday (July 25), up 0.10%. Among large-cap blue chips, HSBC closed at 162.182 Hong Kong dollars, up 0.48%, while Tencent closed at 435.884 Hong Kong dollars, up 0.30%.

According to ChoiceFinance APP, Hang Seng Index futures (July contract) closed at 25,020 points on July 25, up 54 points or 0.216%, trading at a 57-point premium. Open interest totaled 120,460 contracts, down 14,276 contracts.