Gate Crypto Flash News and Market Updates

According to a Thursday announcement, Coinbase Business users can now accept USDC payments from autonomous AI agents through the x402 payment standard, which Coinbase introduced in May 2025 to enable stablecoin payments over HTTP for AI agents, applications and APIs. The company also launched AI trading tools allowing users to monitor orders and execute actions based on predefined conditions, alongside a software development kit for developers building agent-powered applications. Coinbase said t

On Thursday (July 23) in late New York trading (04:59 Beijing time Friday), the offshore Chinese yuan (CNH) traded at 6.7775 against the U.S. dollar, down 24 pips from Wednesday's close. Intraday trading ranged between 6.7676 and 6.7786.

According to the U.S. Trade Representative (USTR), the United States imposed tariffs of 10% to 12.5% on 60 economies as the 10% global tariff approached expiration. The tariffs exempt oil, natural gas, telecommunications, and food products. Spot gold fell 1.96% to $4,049 per ounce amid the announcement.

Oracle has secured a 10-year software contract valued at $7 billion with the U.S. Department of Defense. The deal covers enterprise software solutions and services for the Pentagon.

According to U.S. officials, new tariff measures will target 60 economies, covering approximately 99% of U.S. trade. The tariffs will take effect on July 28 at 00:01 EDT (12:01 PM Beijing time).

Singapore's state investment company GIC will allocate $30 billion across multiple hedge funds over the next three years, according to a recent announcement by the firm.

According to CryptoQuant, Ethereum is trading around $1,900, approximately 17% below its cost basis, placing it at historically low valuation levels. However, on-chain data suggests the bottom has not yet been reached. CryptoQuant analysts noted that while the ETH/BTC MVRV ratio has fallen from 0.95 in August 2025 to 0.65, it remains above the 0.45 threshold marking previous lows. Additionally, institutional ETF asset allocation for Ethereum reversed direction in late June 2026, rising to 0.13 f

According to Yonhapinfomax, President Donald Trump announced on July 23 that Chinese President Xi Jinping will visit the United States on September 24. Trump made the statement at a White House event on electricity affordability. Trump said he would discuss artificial intelligence with Xi during the visit, noting that the U.S. aims to maintain technological leadership against Chinese competition. "We want to stay on top in AI, and we want to stay on top in cryptocurrency as well," Trump said, ad

According to Google Quantum AI research released in March 2026, a study conducted with the Ethereum Foundation and Stanford estimated that breaking Bitcoin's elliptic-curve cryptography could require fewer than 500,000 physical qubits, down roughly 20 times from previous estimates. The team analyzed secp256k1, the exact curve behind Bitcoin and Ethereum signatures, and suggested the attack computation could run in approximately nine minutes, narrowly within Bitcoin's average 10-minute block time

According to Bitcoin News on X, BIP-110 forced signaling will begin around August 8. Users can track differences between the legacy chain and the BIP-110 chain through a public dashboard.

According to the Wall Street Journal, Stripe is in talks to acquire OpenRouter, with an announcement of the potential deal expected soon. No financial terms have been disclosed.

According to Kitco News, Freeport-McMoRan (NYSE: FCX) reported adjusted second-quarter 2026 earnings of $1.1 billion, or $0.74 per share, backed by strong gold and copper prices. The company realized an average gold price of $4,520 per ounce, a 37% increase from $3,291 per ounce in Q2 2025, while copper prices climbed 36% to $6.17 per pound. Freeport produced 192,000 ounces of gold during the quarter, with the company guiding for approximately 650,000 ounces of gold sales in full-year 2026 at an

According to Bitcoin.com News, hackers hijacked Robinhood CEO Vlad Tenev's X account on July 23, 2026, to promote a fake VLAD meme token. The fraudulent post, which reached nearly 800,000 followers, falsely claimed the token was the official mascot of Robinhood Chain and would be listed on the Robinhood app. Scammers extracted an estimated 690 ETH, worth approximately $1.3 million, before the token collapsed. Robinhood's communications team detected the breach at around 2:05 p.m. ET and confirme

According to Yonhapnews, German Bund 10-year yields reached 3.2304% on July 23, their highest level since May 2011, driven by surging international oil prices and monetary policy expectations. Brent crude briefly exceeded $100 per barrel for the first time since May 26, amid escalating U.S.-Iran tensions and concerns over Red Sea blockade risks. The European Central Bank held all three main policy rates unchanged on the day, including the deposit rate at 2.25%. However, ECB President Christine L

According to Yonhap Infomax, gold futures fell sharply on July 23, with August deliveries on COMEX dropping $105.60 (2.54%) to $4,046.30 per troy ounce by 2:27 p.m. ET. The decline was driven by rising U.S. Treasury yields, which hit 4.70% for the highest level since January 2025, and surging oil prices, with Brent crude exceeding $100 per barrel for the first time since late May. Jim Wickoff, market analyst at American Gold Exchange, noted that higher oil prices pushing up bond yields signals c

According to Politico, Goldman Sachs CEO David Solomon this week expressed strong support for the Clarity Act, stating he is "very supportive of moving the Clarity Act forward" to establish market structure in the crypto sector. Solomon's endorsement positions Goldman apart from much of Wall Street, including JP Morgan CEO Jamie Dimon and major banking trade groups, who have lobbied against provisions governing stablecoin yield—a practice that allows crypto firms like Coinbase to offer rewards o

According to Kitco, spot gold fell to $4,066.82, down 1.52%, while silver dropped to $58.06, down 2.75% Thursday morning, as rising Treasury yields, a firmer U.S. dollar, and crude oil prices above $90 a barrel offset safe-haven demand from escalating U.S.-Iran tensions in the Strait of Hormuz. The 10-year Treasury yield rose to 4.714%, its highest in the current move, pressuring bullion by lifting real-rate expectations. The European Central Bank held its benchmark rate at 2.25% after a June hi

According to Bloomberg, Brazil is taking urgent steps to avert a ban on animal product exports worth $1.8 billion to the European Union ahead of a September 3 deadline. As the world's largest beef and poultry exporter, the country is exchanging information and providing additional assurances to prove compliance with EU standards on antimicrobial use in livestock. Brazil failed to appear on an authorized exporter list announced by the EU in May.

According to White House Press Secretary Levitt, on July 23, the U.S. threatened to void its civil nuclear agreement with Saudi Arabia unless the kingdom signs the Abraham Accords. Levitt reiterated that the nuclear agreement's effectiveness depends on Saudi Arabia joining the accord, stating President Trump has repeatedly communicated this condition to Saudi officials and hopes to see them sign "as soon as possible."

According to Odaily, Nasdaq-listed Zhibao Technology announced today it signed a non-binding PIPE term sheet with Joyertech and Information OPC to sell shares in exchange for approximately 3,500 Bitcoin, valued at roughly $220 million at current prices. Under the arrangement, the buyer is expected to designate a majority of board members upon deal completion, while the company's current management team will continue overseeing daily operations. The transaction remains subject to final valuation,