Gate Crypto Flash News and Market Updates

According to Alternative.me, the Crypto Fear and Greed Index stands at 26 today (July 12), indicating panic market conditions.

According to BlockBeats, on July 12, crypto KOL Nikita tested six crypto payment cards—Ether.fi, Plasma, Backpack, Lava, Jup Mobile, and KAST—in Europe using the same 9.69 euro transaction. Ether.fi ranked first with an actual cost of $10.72, Plasma second at $10.93, and Backpack third at $11.07, accounting for exchange rates, fees, and cashback mechanisms.

According to BlockBeats, prediction market platform Predict.fun released updated championship odds on July 12 as the four semifinalists of the 2026 FIFA World Cup were finalized. France leads with 39% probability to win the tournament, followed by Argentina and England at 20% each, and Spain at 19%. The four semifinalists are Argentina, France, Spain, and England.

According to Financial News, South Korea's KOSPI index fell 7.57% to close at 7475.94 in the week of July 6-10, down from its all-time high of 9385.59. Foreign investors led the decline with net sales of 4.34 trillion Korean won, while domestic retail and institutional investors made net purchases of 3.27 trillion and 832.5 billion Korean won respectively.

According to Foresight News citing on-chain monitoring data (Yixin), a LAB "whale" transferred 18.5 million LAB tokens (approximately $18.69 million) to Aster over two days, causing LAB to plummet from $1.2 to $0.56, a 53% decline. The transfers occurred in two tranches: the first 8 million LAB (approximately $9.54 million) on the night before last triggered a 26% drop from $1.2 to $0.89; the subsequent 10.5 million LAB (approximately $9.15 million) yesterday evening pushed the price further dow

According to Galaxy Research researcher Alex Thorn, Bitcoin Policy Institute (BPI) filed an application on July 10 to intervene in the "Noah Doe" case before New York State Supreme Court as a defendant. The lawsuit, filed under New York's Abandoned Property Law, seeks to claim legal ownership of approximately 3.8 million dormant bitcoins, including holdings attributed to Satoshi Nakamoto. BPI argued that its self-custody bitcoin reserves qualify as dormant assets under the plaintiff's definition

According to CoinDesk, Ethereum Foundation's protocol security team recently used AI agents to uncover a remotely-triggerable crash vulnerability in the gossipsub messaging system. The flaw allows attackers to force validator nodes into abnormal computation and automatic shutdown, taking them offline until operators manually restart. The vulnerability, assigned CVE-2026-34219, has already been patched. The research team highlighted that the major challenge lies not in discovering vulnerabilities

According to The Hill, U.S. Senate Majority Leader John Thune plans to launch floor debate on the CLARITY Act during the week of July 20. Enforcement agencies' positions on developer exemptions are shifting, with Major County Sheriffs of America moving from opposition to neutral stance. The White House, Treasury Department, and Senator Catherine Cortez Masto are jointly drafting amendments to the exemption provisions.

According to Foresight News, Blockstream CEO Adam Back and Strategy founder Michael Saylor recently spoke out against BIP 110, a Bitcoin improvement proposal to filter on-chain data through consensus-layer controls. Adam Back argued that the proposal contradicts Bitcoin's core attributes of decentralization and permissionlessness, stating that Bitcoin's technical consensus mechanism already serves as an effective immune system against unauthorized changes. Saylor added that BIP 110 escalates a s

According to Senator Cynthia Lummis on July 11, the CLARITY Act represents Congress' final opportunity to establish digital asset market structure rules before 2030. Speaking on X, Lummis stated that momentum for such legislation will not return this decade, and that failure to pass the bill would allow other nations to set global digital asset standards. The Digital Asset Market Clarity Act of 2025 has passed the House and now awaits Senate action, with negotiations needed before any final vote

According to U.S. Central Command, the U.S. military completed the third round of strikes against Iran on July 11, targeting approximately 140 Iranian military targets. The strikes employed land-based and carrier-based fighter jets, unmanned aircraft, and naval vessels using precision munitions. Targeted facilities included Iranian missile and drone bases, naval capabilities, ammunition storage sites, communications networks, and coastal surveillance positions.

According to ChainCatcher, Singapore's police anti-fraud center and cyber investigations unit partnered with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX, and Upbit to prevent cryptocurrency scams. Using blockchain analysis tools from Chainalysis and TRM Labs, the agencies conducted over 145 targeted interventions via phone and in-person outreach, blocking potential losses exceeding $4.2 million. Coinbase Singapore announced the operation on X on July 10. Singapore police state

According to Korea Exchange, domestic space-related ETFs in South Korea experienced significant net asset outflows of approximately 1.8 trillion Korean won (about $1.35 billion) from June 12 to July 10, one month after SpaceX's listing. Local fund managers were unable to include SpaceX at the relatively low IPO price, while space-related stocks broadly faced headwinds during the period.

According to JTB, Japan's outbound tourist numbers are expected to decline 8.8% to 2.17 million during summer holidays (July 15-August 31), marking the first decline since the post-pandemic recovery began in 2023. Weak yen and rising costs are curbing demand, particularly for long-haul destinations like North America and Australia. Per-person spending is projected to rise 6.3% to 323,000 yen (approximately $2,000), driven by currency depreciation and higher airfares linked to Middle East tension

According to a statement from Iran's Islamic Revolutionary Guard Corps Public Relations, the IRGC Aerospace Force struck the U.S. Prince Hasan Air Base in Jordan on July 12 in response to American air raids on Iranian southern coastal military bases and communications facilities.

According to Hankyoreh, Samsung Electronics plans to accelerate the opening of its first semiconductor factory in Yongin to 2029, advancing the timeline by one to two years, industry sources revealed on Sunday. The company aims to respond more quickly to surging global demand for artificial intelligence chips.

According to South Korea's Financial Services Commission, the country's five major financial holding groups—KB, Shinhan, Hana, Woori, and NH Nonghyup—supplied 11.3 trillion Korean won in inclusive finance during the first half of 2026, as announced on July 12. The FSC said the financial institutions also adjusted 2.3 trillion won in overdue debt and wrote off or completed the statute of limitations on 1.5 trillion won in long-term nonperforming loans to support vulnerable borrowers' economic rec

According to Hyundai Economic Research Institute on July 12, the U.S. neutral rate is projected to reach 3.97% in the third quarter and 4.09% in the fourth quarter of 2026, both exceeding the Federal Reserve's current target range of 3.50%-3.75%. The institute forecasts the neutral rate will peak at 4.17% in Q1 2027 before declining to 4.07% in Q4 2027 as inflation stabilizes. The projections align with the Federal Reserve's recent guidance suggesting potential additional rate hikes. If realized

According to News1, SK Hynix's American Depositary Receipt (ADR) listed on Nasdaq on July 10, trading at $168.01 on its first day, representing a 16% premium over the company's domestic share price of 2.18 million Korean won. Analysts expect the premium to persist as arbitrage between ADR and domestic shares remains structurally difficult—converting profitable ADRs back to domestic shares would require existing ADR holders to first reverse the conversion, an action unlikely given the premium pri

According to RootData, RateX (RTX) will unlock approximately 1.23 million tokens worth about $1.31 million on July 19 at 9 a.m. Beijing time.