Gate Crypto Flash News and Market Updates

Heungkuk Asset Management withdrew a shareholder letter sent to SK Hynix's board on July 9, citing it as a personal opinion of its equity division head. The letter had criticized SK Group Chairman Chey Tae-won's announced large-scale semiconductor investment plan. The company said the letter was being rewritten, though industry sources noted such unilateral actions by fund managers are highly unusual.

According to Hong Kong stock market data, the Hang Seng Index fell 169 points, or 0.7%, to close at 24,030 today, narrowly holding above the 24,000 level after gaining 702 points yesterday. The index opened lower, briefly lost the 24,000 mark during intraday trading at a low of 23,917 points, before recovering support in the final session. Northbound capital inflows totaled 9.83 billion yuan, while overall market turnover reached 377.248 billion Hong Kong dollars. The National Index fell 86 poin

According to Binance co-CEO Richard Teng, the exchange is exploring new licensing paths into Europe following regulatory setbacks under MiCA, while continuing to expand its regulatory footprint in Asia.

According to Animoca Brands, the company and Visa on July 8 completed a live pilot of AI-powered agent commerce features on Minds by Animoca Brands, an AI agent platform. The pilot integrates Visa Intelligent Commerce (VIC) technology, enabling AI agents to identify suitable Visa offers, assist with purchases, and complete transactions securely within predefined user settings. The system uses tokenized payment credentials, authentication, and fraud prevention mechanisms to support agent-led purc

According to E-Daily, SK Hynix is set to list its American Depositary Receipts on July 10, with approximately $24.5 billion in capital. Rather than converting all funds at once, the company plans to supply around $1 billion daily to Korean markets to manage potential currency market impact.

According to its H1 2026 earnings forecast, Zhengbang Technology expects a net loss of 700–800 million yuan in the first half, compared to a profit of 200 million yuan in the same period last year. The company attributed the sharp turnaround to volatile hog market conditions, with commercial pork prices falling to 5.23 yuan per catty from 7.27 yuan per catty year-on-year, significantly pressuring its breeding operations.

According to Michael Burry's Substack update on Wednesday, the "Big Short" investor increased his JD.com position to $27.58 and disclosed it as one of his top three holdings. Burry stated he believes the recent pullback in memory stocks in South Korea and AI-linked stocks in Japan will benefit the Hong Kong stock market, which is dominated by Chinese tech companies. Alibaba stock rose 11% on Wednesday after local media outlet Jiemian reported the company disclosed narrowing losses in its instant

According to BlockBeats, ExxonMobil and Chevron's Q2 net profits are projected to reach $15 billion and $9.7 billion respectively, totaling approximately $24.7 billion on July 9, each more than tripling from the previous quarter amid Middle East tensions and rising energy prices. Refining firms including Marathon Petroleum and Valero Energy are also expected to post record profits. Meanwhile, Trump has intensified pressure on the energy sector, demanding retailers lower fuel prices and instructi

According to financial investment reports released today (July 9), BNK Securities issued a "Hold" rating on SK Hynix with a target price of 1.85 million Korean won, representing a 10.9% discount to yesterday's close of 2.076 million won. KB Securities, meanwhile, set a target price of 4.2 million won, creating a spread of over 2 million won between the two forecasts. BNK analyst Min Hee Lee cited slowing demand from hyperscale infrastructure investors despite ongoing supply shortages in AI serve

According to KB Securities, the brokerage set SK Hynix's target stock price at 1.85 million won on July 10, more than 10% below the current price. This contrasts sharply with other brokerages, with some setting targets above 4.2 million won, a gap exceeding 2 million won.

Alfa-Bank, Russia's largest private bank, began testing cryptocurrency trading services for qualified investors on Jul 9 as the country moves toward regulating digital assets. The test is part of broader preparations by Russian banks to roll out new crypto services.

According to Jin10, China's crude oil futures surged more than 8% on July 9, driven by escalating U.S.-Iran tensions and uncertainty surrounding a previously reached memorandum of understanding. Analysts warn that if the bilateral accord collapses, disruptions to shipping through the Strait of Hormuz could tighten global crude supply, potentially pushing WTI crude prices back toward $80 per barrel. At least four oil tankers have already rerouted from the strait as market concerns mount. The Inte

UBS raises its 2027 year-end Euro Stoxx 600 target price from 680 points to 760 points, increasing its year-end forecast by 80 points.

According to Onchain Lens, blockchain gold whale Antalpha (0x07C...748) accumulated approximately 15,052 XAUT tokens worth approximately $68.03 million over the past 3 months, with transfers sourced from CoboGlobal. The wallet recently received an additional 1,000 XAUT tokens valued at approximately $4.1 million.

The Chinese yuan strengthened to 6.7935 against the U.S. dollar at Beijing market close on July 9, up 58 pips from the previous trading day's official close and up 117 pips from the previous night session close.

SpaceXAI announced today that it has officially launched Grok 4.5, its latest artificial intelligence model designed for enterprise coding, software engineering and advanced knowledge work. The company positioned Grok 4.5 as its most capable model to date, targeting technical tasks including data science, research, and multi-step professional workflows. SpaceXAI priced Grok 4.5 at $2 per million input tokens and $6 per million output tokens, undercutting Anthropic's Claude Opus 4.8 at $5 and $25

According to HTX Research analyst Chloe, on July 9, 2026, the U.S. launched airstrikes on Iran and revoked oil sales exemptions, prompting the market to reprice the risk of a breakdown in temporary peace agreements. The escalation at the Strait of Hormuz has driven crude oil prices higher, reestablishing petroleum as a core macro pricing variable after markets had anticipated de-escalation, lower energy costs, and easing inflation pressures. The shift threatens the recovery momentum in risk asse

According to E-Daily, on July 8, Golden Eagle, a Chinese major distributor holding 12.6% of Toobox Korea, filed for a preliminary injunction to block new share issuance ahead of the capital raise completion. The filing came one day before Kkumbi's 3.6 billion won third-party allocated capital increase was finalized on July 7. Kkumbi had previously agreed to acquire 1.189 million shares from existing largest shareholder Lee Sun-geun and four others for approximately 100 billion won and participat

According to Bernstein's July 8 Apple tracking report via Chao Xiang Research, iPhone shipments grew 2% year-over-year in May with expanding market share, driven by strong performance in the U.S., Japan, and emerging markets. However, China region revenue fell 15.5%, pressured by weakened promotional intensity during the 618 shopping festival and subsidy threshold changes. iPhone average selling price (ASP) declined 1.2% year-over-year, ending six consecutive months of growth, as the e-series ac

According to economist Maruyama Yoshimasa of SMBC Nikko Securities, Japan's central bank is expected to raise rates again in October, based on the results of Thursday's branch heads meeting. Officials noted that despite tensions in the Middle East, production remains resilient with potential for further price transmission. Maruyama stated the meeting signals progress toward additional rate hikes, though the central bank's report did not convey urgency for an immediate rate increase at the next m