Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
03:00

Trader Loracle Liquidated $9.83M in WTI Short Positions Overnight, Returns to Shorting Minutes Later

According to Hyperinsight, trader Loracle faced liquidation of 106,500 WTI short contracts overnight yesterday, with combined losses of $681,200 at an average execution price of $92.30 per barrel, marking the largest single liquidation across all markets in 24 hours. The trader resumed shorting just 12 minutes after the liquidation. As of press time, Loracle holds 27,700 WTI short contracts with a 3x leverage at a build price of $92.20 per barrel, valued at approximately $2.547 million, with unr
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02:58

Japan Services PMI Falls to 51.9 in July but Stays in Expansion

According to S&P Global, Japan's services sector PMI flash reading came in at 51.9 in July, down from 52.2 in June but remaining above the 50 expansion threshold. The manufacturing PMI was 54.7, down marginally from 54.8, while the composite PMI rose to 53.1 from 52.8, marking the fastest overall business activity expansion since February 2026. S&P Global Market Intelligence chief economist Usama Bhatti stated that Japan's private sector growth momentum strengthened with the start of the second
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02:58

China Cracks Down on AI-Generated Online Rumors; 170+ Cases Investigated in First Half of 2026

According to the Ministry of Public Security on July 24, Chinese police investigated over 170 cases involving AI-generated online rumors in the first half of 2026, resulting in the detention of more than 190 people. The cases are part of a broader crackdown on new-type AI-related crimes, which also include identity fraud, system breaches, and financial theft using artificial intelligence.
02:56

KOSPI Falls 1.35% to 7000.78 on July 24, Triggers 21st Sell-Side Circuit Breaker Amid Oil Price Surge

According to Money Today via Newsis, South Korea's KOSPI index fell 96.11 points (1.35%) to 7000.78 on July 24, triggering its 21st sell-side circuit breaker of 2026. The halt, activated at 11:23 a.m. local time, temporarily suspended program sell orders for five minutes as a market stabilization measure. The decline was attributed to escalating Middle East geopolitical tensions driving international crude oil prices higher, combined with overnight weakness in U.S. equities. The KOSPI has trigge
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02:55

Morgan Stanley Initiates Coverage of Bitcoin Miners, Rates Hut 8 and Riot Platforms with $263 and $36 Price Targets

According to Morgan Stanley, the investment bank initiated coverage of multiple bitcoin miners that have transitioned into AI infrastructure suppliers on July 24. Hut 8 received a "buy" rating with a $263 price target, while Riot Platforms was rated "buy" with a $36 target. Applied Digital was given a "neutral" rating with a $36.50 price target. The bank highlighted that enterprises with large-scale power grid connections will benefit from surging AI data center demand.
BTC-1.06%
02:54

BitMEX Halts Operations Sept 23; Platform Token BMEX Crashes 99.69% Overnight

According to market data, BitMEX announced yesterday it will cease operations on September 23 and has suspended new user registrations. The exchange's platform token BMEX plummeted 99.69% overnight amid concerns over liquidity issues. CEO Arthur Hayes responded, expressing pride in what the team has built together. On-chain analysis by Bubblemaps reveals that 75% of the total BMEX token supply never circulated on-chain, contributing to the token's extreme volatility.
02:52

Roundhill Memory ETF Surges 8% in 5 Days, Up Over 110% Since April Launch Amid AI Demand

Roundhill Memory ETF (DRAM-US), which focuses on the global memory chip industry including DRAM, high-bandwidth memory (HBM), NAND flash, and SSD makers, gained over 8% in the past 5 trading days, driven by surging AI server demand and strength in major holdings like Micron (MU-US) and SK Hynix. Since its April 2026 launch, the fund has surged over 110%, making it one of the standout thematic ETFs in the AI infrastructure rally. The ETF holds a concentrated portfolio of just 16 stocks with appro
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02:47

Economist Fu Peng: Crypto Assets Deeply Tied to Global Liquidity, Market Contraction Accelerates

According to economist Fu Peng speaking at WIKIEXPO on July 24, crypto assets are fundamentally bound to global liquidity dynamics. Fu Peng indicated that Bitcoin and mainstream cryptocurrencies now serve as leading indicators of liquidity strength in traditional markets. Following a critical inflection point in November 2025, when the Federal Reserve's balance sheet reduction reached critical levels, global liquidity has contracted, triggering what he calls a "shrinking circle" market dynamic w
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BTC-1.06%
02:45

Xinhuo Group Accelerates AI Strategic Investment Business to Provide Compliance Services for Crypto Funds on July 24

According to CEO Livio Weng speaking at WIKIEXPO on July 24, Xinhuo Group is accelerating its AI strategic investment business to provide compliance services for crypto funds entering AI primary and secondary markets. Weng noted that the company has established itself as a representative digital wealth management platform in Hong Kong, including launching the territory's first compliant Bitcoin-denominated asset management service this year.
BTC-1.06%
02:44

Hyundai Mobis Reports Operating Profit Up 12.09% in Q2, Despite India Factory Fire and Rising Chip Costs

According to its Q2 earnings announcement, Hyundai Mobis posted operating profit of 975.2 billion won, up 12.09% year-over-year, on July 24. Sales reached 16.3 trillion won, up 2.44%, marking a record quarterly high. The growth was achieved despite headwinds including a May fire at the company's India parts facility (estimated loss of 24 billion won), reduced finished vehicle production, and rising memory semiconductor costs (approximately 61.5 billion won impact in Q2). The modules and core com
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