Gate Crypto Flash News and Market Updates

According to the U.S. Department of Justice, Justin Ryan Schmidt, 46, founder of crypto investment fund Translunar Crypto LP, was sentenced to 37 months in prison in July 2026 for tax evasion. Schmidt pleaded guilty in Austin federal court, Texas, after being charged with underreporting income between 2020 and 2022, claiming less than $5,000 when prosecutors said he actually earned over $7 million from his fund's operations during 2019–2022. The U.S. Internal Revenue Service Criminal Investigati

According to Bitwise CIO Matt Hougan, interest rate decisions will have less impact on Bitcoin over the next five years than the past 15 years, as the CME expects only a 50-basis-point rate increase in the coming year. Hougan suggested that the Federal Reserve under Warsh's leadership may adopt a more gradual adjustment approach similar to the Greenspan era in the mid-1990s, rather than the larger moves seen under Bernanke and Powell. With smaller rate fluctuations ahead, the influence on Bitcoi

According to BlockBeats, on July 29, Tom Lee, chairman of Bitmine, told CNBC that the crypto market has bottomed. Bitmine is Ethereum's largest treasury company.

According to PANews, xAI launched Grok Build in early beta form on July 29, available to SuperGrok Heavy subscribers.

According to The Fly, Alliance Global Partners downgraded Capricor Therapeutics to Neutral from Buy on Tuesday, cutting its price target by 86% to $7 from $51. The brokerage cited a lower probability of FDA approval for Deramiocel, a higher discount rate, and a reduced sales outlook. The downgrade follows the FDA's release of briefing documents questioning whether the company's HOPE-3 trial provided convincing evidence of effectiveness for its Duchenne muscular dystrophy therapy. The FDA noted t

According to BlockBeats, Ionic Digital rose 4% on its first trading day on Nasdaq on July 29, with market capitalization reaching approximately $2.33 billion, according to BIT (bit.com) market data.

According to Lookonchain, BitMEX co-founder Arthur Hayes purchased 3,298 ETH for $6.39 million on July 28, bringing his July total to 7,213 ETH worth $13.87 million at an average entry price of $1,923. The Maelstrom chief investment officer is currently down approximately $301,000 on the cumulative position. Ether was trading near $1,900 on July 28, up roughly 20% for the month, as renewed institutional demand drove ether ETF inflows of $103.9 million during the week of July 20-24, roughly tripl

According to Bloomberg data, on July 28, German two-year bond yields fell 4.5 basis points to 2.748% during European market close. German ten-year yields declined 2.9 basis points to 3.104%, while thirty-year yields dropped 1.8 basis points to 3.601%. Across the eurozone, French ten-year yields fell 4.1 basis points to 3.884%, Italian ten-year yields fell 4.1 basis points to 3.902%, Spanish ten-year yields fell 3.8 basis points to 3.552%, and Greek ten-year yields fell 4.0 basis points to 3.804%

According to The Block, Robinhood Chain's total value locked (TVL) reached approximately $325 million in less than a month since mainnet launch, with no losing days recorded. However, all throughput metrics peaked in the chain's second week and have since declined. DEX volume averaged $553 million daily last week, down 27% week-over-week, while active accounts fell 7% to around 275,000 per day. The chain's turnover ratio fell from 9.25x to 1.68x by Friday, indicating deposits are arriving faster

According to SUPPLY, South Korea's stock market plunged during today's session (July 29) and activated a level-one circuit breaker. Financial Commission chair Lee Eui-won stated that if demand for single-stock leveraged ETFs fails to cool sufficiently, regulators will research further measures including personal investment caps. The Financial Commission has already announced that starting July 31, it will raise the minimum margin for single-stock leveraged ETFs to 30 million won and strengthen i

According to PANews, on July 29, Kimi unveiled PerceptionBench, an open-source multimodal vision perception benchmark with 3,000 manually verified questions covering 10 atomic capabilities including visual relationships, counting, attributes, depth, localization, and hallucination detection. Among 16 leading multimodal models evaluated, none exceeded 60% overall accuracy. GPT-5.6-Sol ranked first with 59.7%, followed by Kimi K3 (58.5%), Claude-Fable-5 (57.2%), Gemini-3.1-Pro (56.2%), and GPT-5.5

According to DealRoom, Web3 consumer platform Beezie raised $4 million on July 29, with Psalion VC Fund III as lead investor. The platform generates on-chain digital twins for physical goods, enabling programmability, trading, and cross-scenario composition. Beezie uses gamification mechanics to convert physical asset transactions into interactive consumer experiences, with new capital allocated to global market expansion.

According to The Block, Galaxy Digital has acquired approximately 500 acres in McGregor, Texas to build its second large-scale AI and high-performance computing (HPC) data center campus in the state. The first phase is planned at 74 MW capacity, with power supply expected by 2028 and expansion to hundreds of megawatts by 2030. The company projects the project will contribute at least $130 million to the local tax base.

According to Coinbase, the deadline for Augur (REP) token migration is August 1, 2026. Users holding REP and wishing to convert to REPv2Yes1 must complete the conversion through a compatible self-custodial wallet via the official migration portal.

According to Wired, President Trump is relying on a small core team comprising Howard Lutnick, Scott Bessent, David Sacks, Susie Wiles, Sean Cairncross, and Arvind Raman to discuss restrictions on Chinese artificial intelligence before meeting with OpenAI leadership this week on July 28.

According to CoinMarketCap, on July 28, the top five gainers among top-100 cryptocurrencies by market cap were: Curve DAO Token (CRV) up 4.57% to $0.2141; Lighter (LIT) up 4.46% to $2.25; Morpho (MORPHO) up 3.06% to $1.99; Venice Token (VVV) up 2.88% to $13.19; and ether.fi (ETHFI) up 2.59% to $0.4216.

WTI crude oil declined 5.0% during intraday trading on July 28, falling to $78.43 per barrel.

According to Odaily, Changxin Technology (stock code 688825) listed on China's Science and Technology Innovation Board on July 27. Darui Electronics (300976.SZ) indirectly held approximately 1.6886 million shares of Changxin Technology through its wholly-owned subsidiary Ruichuang Future and investment fund Dongguan Guangfa Xinde. The shares are subject to a 36-month lock-up period.

According to Xinhua News Agency, on July 28, Iranian Ambassador to China Farzin stated that Iran will not be involved in any actions taken by Houthi forces in the region and has no interest in escalating tensions. He stressed that resolving the Bab el-Mandeb situation requires first addressing the differences between Houthi forces and Saudi Arabia, adding that only by resolving this root cause can the maritime corridor issue be solved.

On July 28, UK government bond yields declined throughout the European trading session. The 10-year gilt yield fell 4.8 basis points to close at 4.949%, trading within a range of 4.976%-4.945%. A sharp intraday dip occurred after 23:00 Beijing time, approaching the day's low. The 2-year gilt yield dropped 5.3 basis points to 4.328%, while the 2/10-year yield spread widened 0.384 basis points to +61.725 basis points.