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
01:20

Hugging Face Servers Breached by AI Hacker; Completed Forensics in Hours Using Chinese GLM Model After U.S. API Refused Support

According to Cyberboard, Hugging Face disclosed on July 21 that its servers were recently breached by an AI hacker agent. The security team initially attempted to analyze over 17,000 attack-related logs using a U.S. commercial AI model API, but the model's safety mechanisms misidentified incident responders as attackers and refused to provide support. Hugging Face then deployed the open-source GLM 5.2 model from China on its own infrastructure to conduct forensic analysis, which was completed su
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01:20

Half of Korean Research Directors Predict KOSPI Support at 6,000-6,500; July 29 SK Hynix Earnings Key Test

According to a Korea Economic TV survey of 18 research center directors, nine respondents identified 6,000-6,500 as KOSPI's key support level amid current market volatility. Four additional directors cited 6,500-7,000 as potential support; however, some brokerages including Sangsangin Securities and KB Securities warned that extreme scenarios could see support drop to 4,000-4,500. Analysts attributed the market selloff primarily to semiconductor peak-out concerns (cited by 10 directors) and fund
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01:17

Yuan Appreciates Against Dollar; USD/CNY Fixes at 6.7917 on July 21

On July 21, China's interbank foreign exchange market set the yuan's midpoint rate against the dollar at 6.7917, down 31 points from the previous day as the yuan appreciated. The euro/yuan rate was set at 7.7418, down 152 points, while the British pound/yuan fell 179 points to 9.1083. The Canadian dollar weakened to 4.8176, down 239 points, and the Swiss franc declined to 8.3734, down 222 points. The Australian dollar strengthened to 4.7468, up 103 points.
01:14

South Korea's Securities Analysts Plummet to 1,000 From 1,575; 'No Rating' Reports Double to 13.3% in H1 2026

According to Seoul Economics, South Korea's analyst workforce fell to around 1,000 from 1,575 in 2010, with 'no rating' (N/R) reports surging to 13.3% in the first half of 2026 from 5.7% in 2022. The decline reflects simultaneous pressures: personnel cuts and increased workload per analyst to 20+ reports annually, combined with structural factors including low pay relative to retail and investment banking roles, and absence of institutional protections against corporate and retail investor press
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01:13

SK Hynix Falls 17.9%, But Leveraged ETF Plunges 47.5% on July 20, Exposing Daily Rebalancing Risk

According to CEO Bae Jae-kyou of Korea Investment Trust Management, leveraged and inverse single-stock ETFs pose significant risks to retail investors. On July 20, while SK Hynix shares fell 17.9%, related leveraged ETF products plunged 47.5%—far exceeding the theoretical decline of 35.8%—revealing the widening gap caused by daily rebalancing structures. Inverse 2x products also recorded losses 66.9 percentage points worse than theoretical returns, underscoring the compounding effect of frequent
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01:13

South Korea's Top Ramen Makers Forecast Q2 Earning Surprises Driven by Overseas Growth

According to major South Korean securities firms, Samyang Foods and Nongshim are expected to deliver Q2 2026 earnings surprises led by strong overseas performance. Samyang's Q2 revenue is projected at 761.6 billion won with operating profit of 176 billion won; overseas revenue is forecast to account for 82.5% of total sales, driven by continued growth in the U.S. and China. Nongshim's Q2 revenue is estimated at 936.7 billion won with operating profit of 57.7 billion won, with export sales rising
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01:09

AI Chip Prices Surge 370% YoY; NYLife Strategist Warns 'Chipflation' to Challenge AI Market on July 20

According to Business Insider, Julia Herrman, global markets strategist at NYLife Investments, warned on July 20 that rising artificial intelligence chip prices—a phenomenon known as "chipflation"—will be the next major hurdle for the AI investment market. South Korea's DRAM memory chip export prices have jumped 370% year-over-year, compared to historical peaks of around 100%, highlighting the severity of chip inflation. Herrman noted that hyperscale firms face mounting pressure from rising chip
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01:09

SK Telecom Launches AI Startup Program, Recruiting 15 Companies for VC Funding Opportunities

According to SK Telecom, the company launched 'SKTCH with AI' on July 21, opening applications through August 18 to recruit 15 AI startups. The program aims to identify and nurture AI-focused startups based on technology competitiveness and collaboration potential. Selected startups will receive six months of expert mentoring, explore collaboration opportunities with SK Telecom, and gain access to venture capital funding from investment institutions.
01:07

HD Hyundai Marine Engine Surpasses Full-Year 2025 Orders in H1 2026, Posts 619.9B KRW in Contracts

According to Daol Investment & Securities on July 21, HD Hyundai Marine Engine and Hanwha Engine, which dominate South Korea's marine engine market, achieved record order volumes in the first half of 2026. HD Hyundai Marine Engine secured 619.9 billion won in contracts, exceeding its entire 2025 annual order of 615.9 billion won, including 446.3 billion won from Chinese shipbuilders alone. Hanwha Engine received 1.43 trillion won in orders, approaching its full-year 2025 total of 1.77 trillion w
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01:07

Oil Futures Fall Over 2% as Iran Proposes Ceasefire, Rebound on Houthi Blockade Threat, July 21

According to Macrotech Futures analysis, crude oil futures fell on July 21 after Iran proposed a 10-day ceasefire to resolve tensions with the United States. Low-sulfur fuel oil (LU) contracts declined over 2%, while fuel oil and SC crude oil contracts fell over 1%. However, prices rebounded following Yemen's Houthi armed forces announcement of a naval blockade on Saudi Arabia, highlighting ongoing geopolitical uncertainty in the region.