Gate Crypto Flash News and Market Updates

According to Jin10, yesterday (July 17), China-Europe Railway Express (Fuzhou) operated its 77th service, with a train carrying 55 containers departing from Jiangyin Railway Logistics Park in Fuzhou to Eastern Europe via Erenhot port. Over four years of operation, the service has cumulatively dispatched 7,918 standard containers with total import and export cargo value exceeding 1.6 billion yuan, according to Fuzhou Customs data.

According to BlockBeats, Kioxia shares plunged 16% on July 18, down about 50% from their peak a month earlier. The Philadelphia Semiconductor Index (SOX) has retreated roughly 21% from its June 22 all-time high, officially entering a technical bear market. Other Japanese chipmakers, including Ibiden and Tokyo Electron, declined 8% to 10%, while TSMC fell 7% despite posting better-than-expected earnings and raising guidance.

According to GMGN data, Solana ecosystem Meme coin Jimothy surged over 52x in 24 hours on July 18, briefly peaking at a $22 million market cap before retreating to $20.14 million. Trading volume reached $28.3 million in the same period.

According to Guru Club, Singapore's benchmark Straits Times Index declined 1.2% to 5,076.81 points on June 4.

According to RWA Foundation data, Mantle is currently hosting $116.4 million in tokenized active strategy assets on its three-year anniversary, ranking third among all blockchain networks in this asset class.

As of July 18 at 9:00 AM, China's Ministry of Water Resources reported that 15 rivers across nine provinces remain above warning levels, with the maximum exceedance of 2.82 meters. The affected provinces include Jilin, Liaoning, Heilongjiang, Inner Mongolia, Tianjin, Hebei, Yunnan, Jiangsu, and Guangxi. Over the next three days, the Songhua River and Liaohe River basins are expected to maintain above-warning levels, while the Yangtze River and its tributaries, along with several other major rive

According to ChainCatcher citing Coinglass data, the Crypto Fear and Greed Index currently stands at 24, down 4 points from yesterday, signaling extreme fear conditions. The 7-day average is 25, while the 30-day average is 20.

According to BlockBeats, crypto KOL Rune questioned Base's leadership on July 18, stating that the chain has lost community trust due to management missteps, with users viewing trust in Base-related matters beyond 24 hours as a mistake. Cobie, who recently took over Base App and Coinbase trading products, responded by acknowledging Coinbase's long-standing distance from crypto-native users and committing to better listen to on-chain community feedback. Rune countered that over 10,000 Base users

According to Robinhood, on July 1 the company announced the official mainnet launch of Robinhood Chain in London at its "The World is Flat" event. The Ethereum Layer 2 network, built using Arbitrum's technology stack, onboarded major DApps including Uniswap, LayerZero, Morpho, 1inch, and dYdX on day one. Robinhood introduced new Stock Tokens available in 120+ countries through Robinhood Wallet and on Robinhood Chain, enabling 24/7 trading on-chain and integration with DeFi protocols. The company

According to Financial Times on July 17, Apple sent legal warning letters to approximately 40 former employees currently working at OpenAI, accusing them of misappropriating confidential information. The letters, citing multiple sources, instructed recipients to preserve business documents and communications, and demanded meetings with Apple's legal team. Apple had recently filed a lawsuit against OpenAI and two former executives—including a long-serving Apple officer with 24 years at the compan

According to Sotheby's, a black Tom Ford leather jacket worn and signed by Nvidia CEO Jensen Huang sold for $960,000 at a charity auction in New York, surpassing its pre-sale high estimate of $60,000 by 16 times. The jacket was originally estimated at $40,000 to $60,000. Sotheby's records show Huang wore the jacket at the Foxconn Technology Day on October 18, 2023, with provenance verified through event photographs. The signature was authenticated by James Spence Authentication. The auction proc

According to BTIG chief market technician Jonathan Krinsky on July 18, the biggest market risk is not a single negative catalyst, but investors questioning previously held market logic. The Philadelphia Semiconductor Index has fallen about 20% from its June peak, entering bear territory, while South Korea's KOSPI Index (Korean benchmark equity index) has dropped over 25% and Japan's Nikkei 225 has entered a technical correction, reflecting global tech stock pressure. Krinsky warned that the U.S.

According to Tasnim News Agency, Iran's Islamic Revolutionary Guard Corps warned today that countries hosting U.S. military forces should expect a "corresponding response" if their territory is used for attacks against Iran.

According to Iran's Tasnim News Agency, Iran's Islamic Revolutionary Guard Corps conducted strikes against U.S. military facilities in Kuwait.

According to Alliance co-founder Imran Khan, creator tokens should serve as infrastructure converting attention into real business value rather than functioning as memes. The core value lies in generating net-new on-chain demand, enabling creators to build new products, companies, deposits, and customer bases instead of merely tokenizing existing revenue streams like YouTube or X earnings. However, projects face execution risks; Imran Khan noted that tokens must first prove their necessity throu

According to Digital Asset, South Korea's five largest cryptocurrency exchanges saw combined weekly trading volume drop to the 8 trillion won range this week, declining nearly 50% from 17.7 trillion won in early June. Market share distribution: Upbit 63.57%, Bithumb 29.18%, Coinone 6.41%, Korbit 0.76%, and GOPAX 0.07%.

According to Foresight News, Ark Invest, the investment firm led by Cathie Wood, added 147,805 SpaceX shares worth approximately $18.32 million on July 17.

According to Iranian officials, U.S. military airstrikes on July 18 struck power facilities and seawater desalination pump stations in Jask, Hormozgan Province, disrupting drinking water supply in the region.

According to monitoring from Beating (a Telegram-based news account), OpenAI strategy lead Dean W. Ball assessed Kimi K3 as a strong model with Agent programming capabilities approaching the best open models of Q1 2026. Ball noted that such capability cannot be simply explained as knowledge distillation. Ball raised concerns about why China continues to release models of this caliber openly. He argued that Chinese open-source models create pressure beyond offering cheaper competition. Once open

According to ChainCatcher, citing SoSoValue data, Ethereum spot ETFs recorded net inflows of $36.73 million yesterday. BlackRock's ETHA led the day with $31.68 million in net inflows, bringing its cumulative net inflows to $11.314 billion. Fidelity's FETH followed with $5.047 million in daily inflows.