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.
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23:30

Crypto Projects Hit by 207 Hacking Attacks in H1 2026, Losing $972 Million Amid Record-High Breach Count

According to Immunefi, crypto projects suffered 207 hacking attacks in H1 2026, resulting in combined losses of $972 million. The number of attack incidents reached an all-time high, though total losses remained below $1 billion and less than half the damages from H1 2025. DeFi attacks declined 74% from the $2.62 billion peak in 2022 to approximately $680.3 million, with median single-incident losses dropping 75% over the same period.
23:30

Hanwha Selected for U.S. Army Wheeled Howitzer Modernization Project, Decision Expected This Month

According to Yonhap Infomax, Hanwha Aerospace has selected its K9MH—the wheeled variant of the world's leading K-9 self-propelled gun—as its contender for the U.S. Army's Tracked and Wheeled Self-Propelled Howitzer (MPWH) modernization project (MTC). The U.S. Army is expected to announce the winning bidder as early as this month, according to industry sources on July 10. The MTC project involves procurement of over 400 units of 155mm wheeled howitzers, with a total value of approximately 10 tril
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23:30

South Korea 3-Year Treasury Futures Rise 5 Ticks Overnight; U.S. Bond Yields Fall

According to Seoul Bond Market data on July 10, South Korea's 3-year Treasury futures rose 5 ticks to 103.14 in overnight trading, while 10-year futures gained 16 ticks to 106.05. Foreign investors net-bought 39 contracts in the 3-year segment, with retail investors adding 18 contracts. U.S. Treasury yields declined across the curve, with the 10-year yield down 2.60 basis points and the 30-year yield down 0.80 basis points from the previous New York market close, driven by easing concerns about
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23:30

Krafton Acquires E-mart Seoul Property for 1.22 Trillion Won; E-mart to Return as Tenant in 2027

According to Yonhap Infomax, a consortium of Krafton and Future Asset acquired E-mart's headquarters property in Seoul's Seongsu-dong district on January 2022 for 1.22 trillion Korean won. E-mart, having sold the real estate to finance its 3.44 trillion won acquisition of eBay Korea's 80.1% stake in June 2021, secured tenant rights to re-occupy space in the redeveloped building. The new landmark office will be designed by renowned architect David Chipperfield and constructed by Samsung C&T, targ
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23:25

Kia Stock Up 4.93% in July on Q2 Earnings Outlook, Hybrids Shine

According to Hankyung, Kia stock rose 4.93% in July as analysts expect strong Q2 earnings boosted by surging hybrid car sales in the U.S. The company's Q2 operating profit consensus stands at 2.79 trillion Korean won, with analysts citing increased hybrid vehicle demand and market outperformance versus other Hyundai Motor Group units. Kia's U.S. hybrid retail sales jumped 226.4% year-over-year to 59,000 units in Q2, driven by Telluride Hybrid launches and Sportage Hybrid production at the Georgi
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23:25

U.S. Maintains Diplomatic Efforts While Preparing for Potential Iran Strikes, Abraham Lincoln Carrier on High Alert on July 10

According to U.S. officials, as of July 10, the U.S. is maintaining diplomatic efforts to de-escalate tensions with Iran while simultaneously preparing for potential strikes. Officials stated that the U.S. has intentionally paused strikes to avoid escalation and preserve diplomatic space, while maintaining a target list as leverage. On the USS Abraham Lincoln carrier deployed in the Arabian Sea, aircraft maintenance crews loaded weapons onto fighter jets and pilots conducted drills on July 10 in
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23:22

Elon Musk Praises Anthropic as Clear AI Leader on Thursday

According to Investing.com, Elon Musk called Anthropic the "clear" leader in artificial intelligence on Thursday (July 9), offering rare public praise for a key competitor. Musk made the comment while responding to a post on social platform X discussing various AI model performance. Anthropic has filed a confidential IPO application with U.S. regulators as of June 2026. The company completed a new funding round with an estimated valuation of $9.65 billion, positioning it for what could become on
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23:22

SAROS Surges 51.89%, NFT and BASED Jump 25%+ on South Korean Exchanges

As of July 10 morning, several tokens posted strong overnight gains on South Korean exchanges. SAROS jumped 51.89% to 0.764 KRW on Coinone, while REKT surged 50% to 0.0003 KRW on the same exchange. On Bithumb, NFT rose 25% to 0.0005 KRW, and BASED climbed 24.62% to 162 KRW. Meanwhile, L3 fell 17.27% to 6.755 KRW on Coinone. The price movements are measured from July 9, 9 a.m. to July 10, 8 a.m.
23:21

Ukraine Strikes 12 Russian Tankers in Azov Sea on July 10; Italy Expels Military Attaches

According to Jin10 tracking, on July 10, Ukrainian forces struck 12 Russian oil tankers, 1 tugboat, and 1 cargo ship in the Azov Sea. Russian officials reported that two tankers were attacked by drones in the region, while Russia's Federal Security Service said it had thwarted terror attacks targeting military infrastructure and personnel. Italian Foreign Ministry expelled two military attaches from the Russian embassy in Rome as tensions remain elevated. Russia's Foreign Minister Lavrov stated
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23:16

Michael Burry Claims AI Investment Logic Has Fundamental Contradictions on July 9

According to Business Insider on July 9, Michael Burry, the investor known as the real-life model from the film The Big Short, argued that AI bullish investors hold contradictory positions. Burry stated that hyperscalers claim AI demand will grow permanently while asserting that major capital spending will conclude within three to four years, creating an inherent conflict with Nvidia's need for sustained demand growth. Burry predicted that once infrastructure bottlenecks are resolved, Nvidia cus
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23:14

Samsung Single-Stock Leverage ETFs Drop Over 23% in 3 Days After Record Earnings

According to Korea Exchange, seven Samsung single-stock leverage ETFs were among the top 10 worst performers over three trading days from July 7-9, falling over 23% despite Samsung Electronics posting record quarterly earnings. TIGER Samsung Single-Stock Leverage ETF led the decline at -23.81%, followed by KIWOOM, KODEX, 1Q, ACE, RISE, and PLUS variants, all dropping over 20%. The concentrated trading activity stood out: KODEX Samsung Single-Stock Leverage ETF recorded 5.13 trillion won in tradi
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23:13

OpenAI Executive Fidji Simo Steps Down as Product Chief on Thursday

According to an announcement on X on Thursday, Fidji Simo, OpenAI's product and business chief, said she is stepping down from her full-time role to transition to a part-time advisor position. Simo cited the need to focus on recovery from a severe exacerbation of a chronic illness—Postural Orthostatic Tachycardia Syndrome (POTS), which she was diagnosed with in 2019. She had taken medical leave in April, with OpenAI President Greg Brockman assuming her product responsibilities during her absence
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23:13

KOSPI Plunges 5.35% Overnight to 7,246.79 Amid Panic Selling

According to Korea Exchange, the KOSPI index plunged 409.52 points (5.35%) to close at 7,246.79 on July 8, amid widespread panic selling in the market. Despite the sharp decline, securities analysts said the selloff reflects temporary liquidity shock rather than fundamental deterioration, presenting a potential buying opportunity at lower levels.
23:09

Israel to Increase Defense Budget by $117.7B Over 10 Years, Netanyahu Says Iran Nuclear Weapons 'Not Allowed'

According to Jin10, on July 9, Israeli Prime Minister Benjamin Netanyahu announced plans to increase defense spending by 350 billion New Israeli Shekels (approximately $117.7 billion) over the next decade. Netanyahu stated that regardless of any potential agreement between the United States and Iran, Israel will "not allow" Iran to acquire nuclear weapons. A significant portion of the additional defense budget will be allocated to air force development and domestic military industrial capabiliti
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23:05

Crypto Scam in South Korea: 7.1 Billion Won Defrauded, Only 800 Million Won Recovered

According to Daejeon District Prosecutors' Office, a cryptocurrency fraud case involving coin 'A' resulted in 7.1 billion won in losses from investors deceived by false promises of listing on April 28, 2023. The coin had no actual trading volume and prices were artificially manipulated to appear legitimate. Prosecutors recovered only 800 million won in restitution as of June 9, 2025.
23:02

Mantle Migrates MNT From LayerZero to Chainlink CCIP as $7.2B Asset Migration Wave Accelerates

According to Mantle, on July 9, the protocol is migrating its Super Portal from LayerZero's Omnichain Fungible Token standard to Chainlink's Cross-Chain Interoperability Protocol, pausing transfers between July 9 and July 15. The move brings the total announced value of migrations from LayerZero to Chainlink CCIP above $7.24 billion since May, including MNT tokens worth over $2.5 billion. The migration follows the $292 million Kelp bridge exploit earlier this year, which triggered a broader reas
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23:02

South Korea's FSC Considers Excluding First-Phase Investors From Second National Growth Fund, 600B Won Launching Q3

According to Yonhap Infomax, on July 10, South Korea's Financial Services Commission is considering excluding first-phase participants from purchasing the second round of the National Participation Growth Fund (600 billion won), scheduled to launch in Q3 2026. The decision aims to provide investment opportunities to those who missed the first offering, which sold out in five business days after launching May 22. The inaugural fund saw 87% of its total allocation (524 billion won) purchased on th
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23:01

NH Investment Cuts Korean Shipbuilder Target Prices on July 10, Downgrades HD Hyundai by 17%

According to NH Investment & Securities report on July 10, the firm downgraded target prices for South Korea's three major shipbuilders following Canada's submarine project award to Germany's Thyssenkrupp Marine Systems. HD Hyundai Heavy Industries' target price was cut 17% to 830,000 won, while Samsung Heavy Industries and Hanwha Ocean saw adjustments to 34,000 won and 126,000 won respectively. The analyst cited weakened mid-to-long-term specialty ship revenue expectations and underwhelming LNG
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