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
15:26

Polymarket and Kalshi Show $5.5B+ in World Cup Wagers, Spain Favored at 59% for Sunday Final

According to Bitcoin.com's report, ahead of Sunday's World Cup final (July 19) at MetLife Stadium, prediction markets Polymarket and Kalshi show Spain heavily favored at 59% odds. Polymarket's World Cup winner market has drawn $4.28 billion in total volume, with Spain priced at 59 cents per share and Argentina at 40 cents. Kalshi's separate Spain versus Argentina market pulled in $1.29 billion, pricing Spain at 59% and Argentina at 41.6%. On the Golden Boot market for tournament top scorer, Lion
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15:01

Over 900 Canadian Wildfires Push Smoke into U.S., Level 3 Storm Warning Issued for Weekend

According to the U.S. Storm Prediction Center, over 900 active wildfires in Canada are pushing smoke into the U.S. Northeast and Midwest this weekend, with air quality expected to deteriorate throughout the region. Smoke bands driven by northwest winds are entering the Midwest and upper Great Lakes area, with poor air quality conditions forecast to persist through the weekend. The center has issued a Level 3 (highest Level 5) severe convective weather warning for the Ohio River Valley, Northeast
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15:01

Amazon's Zoox Recalls 105 Robotaxis Over Smoke Detection Software Flaw

According to Zoox, the Amazon-owned autonomous vehicle company voluntarily recalled 105 robotaxis on July 8 after notifying the U.S. National Highway Traffic Safety Administration (NHTSA) of a software defect that prevented vehicles from detecting smoke. The recall followed an incident in June when an empty Zoox vehicle drove into an active fire rescue scene in Las Vegas surrounded by heavy smoke. Zoox stated the company only discovered the issue after the Las Vegas event. The recall comes after
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15:00

Trader Sells 800B BONK Worth $2.48M Today, Down 40% Since Early July

According to Lookonchain, a trader sold 800 billion BONK tokens worth approximately $2.48 million today (July 18). The trader, who previously extracted 4.426 trillion BONK from the treasury in early July, still holds 2.4 trillion BONK tokens worth $6.94 million. BONK has declined 40% since the July 6 event.
14:59

Blockchain Tokens Experience Up to 99.8% Price Decline Since TGE

Gate News message, blockchain tokens that conducted their Token Generation Events (TGE) since January 2024 have experienced widespread price declines. Projects that raised substantial funding rounds include $0G with $359M, $STRK with $252M, and $BERA with $142M. These tokens have lost up to 99.8% of their price since their respective TGEs.
14:59

CLARITY Act Set to Pass Senate Next Week, Says House Admin Committee Chair Steil

According to Rep. Bryan Steil on Fox News, the CLARITY Act is on track to pass the Senate next week. Steil, chair of the House Administration Committee and head of the Digital Assets, Financial Technology and Artificial Intelligence Subcommittee within the House Financial Services Committee, emphasized the importance of establishing regulatory standards for digital assets.
14:49

Shipping Companies Face 'Worst-Case Scenario' in Strait of Hormuz Amid Escalating Iranian Attacks

According to Marisks CEO Dimitris Maniatis, speaking at a Lloyd's List Intelligence briefing, shipping companies are facing the 'worst-case scenario' in the Strait of Hormuz amid escalating Iranian attacks on vessels. Maniatis noted that crew anxiety levels have reached unprecedented heights, with fewer ships transiting the waterway. 'Now, regardless of what we promise them, they refuse to go through the strait. This is no longer about money or any higher mission. It is pure fear driving decisio
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14:45

Binance Wallet Adds Robinhood Chain Launchpad Filtering for Virtuals, Flap, Bankr

According to Binance official announcement on July 18, Binance Wallet's Meme Rush feature now supports filtering functionalities for multiple Launchpad projects on Robinhood Chain, including Virtuals Protocol, Flap, and Bankr. Users can now track tokens across BSC, Solana, Ethereum, Base, and Robinhood Chain simultaneously through Meme Rush in a unified feed.
14:39

China's FM Wang Yi Praises Indonesia for Welcoming Chinese Investment on July 18

According to China's Foreign Ministry website, Foreign Minister Wang Yi met with Indonesia's Coordinating Minister for the Economy Airlangga in Shanghai on July 18. Wang praised Airlangga for reaffirming Indonesia's welcome of Chinese enterprises investing in Indonesia and called for the provision of a fair and just business environment. The two sides pledged to deepen cooperation across various fields and jointly oppose "decoupling" while safeguarding global supply chain stability.
14:37

Traders Place $2.5B Bitcoin Bull Call Spread Bet on Deribit Ahead of July 31 Expiry

According to CoinDesk, traders placed a large bull call spread bet on Deribit this week, buying 20,000 Bitcoin call options expiring July 31 at a $70,000 strike while simultaneously selling 20,000 calls at a $72,000 strike. The combined 40,000 contracts represent approximately $2.5 billion in notional value and signal expectations for a modest Bitcoin price increase toward the $70,000–$72,000 range. Deribit Chief Commercial Officer Jean-David Péquignot noted multiple large bull call spreads obse
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14:31

Heavy Rainfall to Ease NYC Air Quality Ahead of Sunday World Cup Final

According to the U.S. National Weather Service forecast meteorologist Brian Hurley, heavy rainfall expected on Sunday is forecast to significantly improve air quality in New York and Washington, D.C., ahead of the World Cup Final. The air quality concerns for Sunday's match should be "substantially better, though not completely gone," Hurley stated. The region's air quality has deteriorated due to uncontrolled wildfires in Canada. In coming weeks, smoke may continue to drift between the Midwest,
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14:29

German Conservative Leader Jens Spahn Resigns Over Surrogacy Scandal

According to German Chancellor Friedrich Merz, conservative politician Jens Spahn announced his resignation following pressure over his use of surrogacy to have a child in the United States. Spahn had previously opposed efforts to legalize surrogacy in Germany. Merz stated that credibility is "the most important asset in politics" and characterized Spahn's decision as "correct and inevitable."
14:14

Uniswap Governance Votes on v4 Fees and Robinhood Chain Expansion Through July 26

According to The Block, Uniswap governance is set to vote on activating protocol fees for v4 pools and extending fee collection to Robinhood Chain, with onchain voting opening Sunday through July 26. Uniswap founder Hayden Adams stated that "we expect the impact on UNI burn to be substantial." The v4 proposal would activate fees across seven chains including Ethereum, Arbitrum, Base, and Robinhood Chain. Robinhood Chain deployments have reached $6 billion in cumulative swap volume as of July 10,
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