Gate Crypto Flash News and Market Updates

According to Specter, stablecoin payment infrastructure Triple-A suffered a hack today (July 27), with total losses now reaching $11.8 million. The attack on the platform's hot wallet resulted in over $9.3 million in stolen funds being transferred across to Ethereum.

According to South Korea's investment banking industry, global private equity fund Entrada was named the preferred bidding partner (우협) for TaylorMade's acquisition on July 27. Entrada has formed a consortium with American sports magnate Dave Checketts, the founder and former owner of MLS club Real Salt Lake. The acquisition is valued at an estimated KRW 3-4 trillion (approximately $2.3-3.1 billion). As the preferred bidder, Entrada must submit a letter of commitment (LOC) by August to maintain

Hong Kong's financial authorities recently introduced a Flexible Leverage Structure that allows daily adjustment of target leverage for leveraged and inverse exchange-traded products (ETPs). The measure aims to enhance operational flexibility and strengthen market stability. Hong Kong is recognized as a leading global market for leveraged and inverse ETPs.

According to Guru Club, President Putin signed three artificial intelligence-related laws on July 27. The legislation establishes a legal framework for Russian foundational AI model development, deployment, and application, introducing the concepts of 'sovereign AI models' and 'state AI models.' The laws permit relevant developers to access state data for model training, require users to label AI-generated audio and video content with platform support, and allow copyrighted works to be used for

According to DataEye's H1 2026 report released on July 27, China's AI drama and manhua market reached 22 billion yuan in the first five months of 2026. The research firm forecasts the market will expand to 40 billion yuan for the full year, representing 138% year-on-year growth. By early 2027, the domestic user base for AI-generated dramatic and comic content is projected to reach 700 million, positioning it as a mainstream internet content format.

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate's mid-price reached 144,550 yuan per ton today, up 250 yuan per ton from yesterday's 4:30 p.m. close.

According to the Wall Street Journal on July 26, Nvidia is in talks with OpenAI to provide approximately $250 billion in financing guarantees for a massive data center project in southern Ohio. The project, developed by SoftBank subsidiary, is planned with 10 gigawatts capacity and aims to become operational by 2028, with total chip procurement potentially exceeding $500 billion. The guarantee will cover data center lease and construction debt but exclude Nvidia chips themselves, while the two p

At early close on July 27, the Nikkei 225 index rose 0.2%, while the Tokyo Stock Exchange index gained 1%.

According to CryptoQuant, bitcoin miners' holdings fell to 1.193 million BTC on July 25, marking the lowest level in approximately one month. The decline of 563 BTC from the previous week indicates miners are actively selling, lending, or using their holdings as collateral. Meanwhile, the bitcoin network's seven-day average hash rate reached 917.55 exahashes per second on the same date, up 34.6 million terahashes from a week prior, reflecting increased mining demand despite reduced miner reserve

According to ChainCatcher, Coinbase CEO Brian Armstrong recently responded to the notion that crypto professionals should pivot to artificial intelligence, dismissing it as zero-sum thinking. Armstrong stated that cryptocurrency is a universal technology and foundational infrastructure—akin to electricity or the internet—that enables rather than competes with emerging technologies. He emphasized that AI and crypto are complementary, not competing fields. AI agents require their own financial inf

According to Jin10, South Korea's Customs Service detected illegal foreign exchange transactions valued at 7.2 trillion won (approximately $4.92 billion) during the first half of 2026. The agency identified 792 FX violation cases from January to June involving illegal remittance of funds abroad and concealment of overseas assets. Some cases involved export companies receiving export payments in cryptocurrency rather than traditional currencies such as the US dollar.

According to Odaily and Jin10, Long Xin Technology (N Changxin) began trading on July 27 but experienced brief trading outages during the opening session. Some investors reported being unable to execute trades or cancel orders during the outages. A securities firm executive confirmed the disruptions occurred, attributing them to the unexpectedly high trading volume for the new listing. Trading resumed gradually shortly after.

According to Lookonchain, a whale is currently facing a $1.7 million unrealized loss on a $18.36 million short position in Chang Xin Technology (2.6 million tokens), as the token's price has risen following its listing. The whale set take-profit limit orders in the $2–$4.50 range, with a current liquidation price of $16.91.

According to Odaily, OKX will launch perpetual contracts for three stocks on July 27 from 17:00 to 17:30 UTC: FWDI (Forward Industries), AEHR (Aehr Test Systems), and FLY (Firefly Aerospace).

Bithumb announced on July 27 that it will launch a BANK/KRW (Korean won) trading pair, according to its official announcement.

According to the Korea Financial Investment Association, investor deposits in South Korea's stock market fell to 103.8 trillion won as of July 22, marking the lowest level in five months following the KOSPI index's decline below 7,000. The deposit level represents a decrease from 104 trillion won recorded on July 23, and is the lowest amount since February 13 when deposits stood at 99.3 trillion won, the association reported on July 27.

According to BlockBeats, on July 27, Coinbase CEO Brian Armstrong acknowledged in an Ansem interview that he completely miscalculated the community's reaction to his X profile picture change. The brief swap of his avatar with the icon of meme coin Brain triggered rapid trading activity but subsequently led to a sharp selloff and near-complete collapse of the token when Armstrong reverted his profile picture. Armstrong described the incident as a "wake-up call" and pledged to communicate expectat

According to Yahoo Finance, on July 26, U.S. companies in the S&P 500 are raising earnings guidance at the widest rate since 2011, signaling unusually optimistic profit outlooks. However, the stock market has failed to reflect this strength, with the index remaining near early summer levels as previously concentrated AI-related inflows have reversed. Fundstrat data shows that 93% of companies that reported earnings through July 22 beat expectations, significantly exceeding the five-year average

According to JP Morgan strategist Natasha Kaneva on July 26, global crude oil supply has fallen 11.1 million barrels per day since February amid the US-Iran conflict, pushing global inventories to historical lows. However, Brent crude remains near $101 per barrel, approximately $20 below early-war highs in April-May, as demand destruction has accelerated beyond market expectations. The International Energy Agency now forecasts global oil demand will decline by 1 million barrels per day in 2026,

According to Yonhap Infomax, on July 27, South Korea's 10-year government bond futures surged 59 ticks to 104.79 as crude oil prices fell sharply on expectations of easing U.S.-Iran tensions. The 10-year benchmark yield declined 7.4 basis points to 4.375%. WTI crude fell 5.17% to $84.69 per barrel amid reports of U.S.-Iran negotiations and a halt to American airstrikes.