Gate Crypto Flash News and Market Updates

According to Jin10 Futures, China's CFETS-NEX funding sentiment index fell 2 points to 47 as of 10:15 AM on July 21. The index for large banks, small and medium-sized banks, and non-bank institutions stood at 46, 48, and 46 respectively, each down 2 points. (Index scale: 0-100, with 50 as neutral; readings above 50 indicate funding tightness.)

According to Bloomberg, BlackRock's iShares MSCI Korea ETF (EWY) received $2.8 billion in net inflows last week as of July 20, marking the highest weekly total on record. The inflow more than doubled the previous record of $1.2 billion set in February, with $800 million and $1.1 billion flowing in on July 14 and 15 respectively. Despite broader market volatility, investors maintained strong conviction in South Korean technology companies, supported by robust fundamentals and a restructured fund

According to Yonhapinfomax, South Korea's 3-year government bond futures rose 2 ticks to 102.78, while 10-year futures fell 2 ticks to 105.02, as of 9:05 a.m. on July 21. Foreign investors net-bought 366 contracts of 3-year futures but net-sold 166 contracts of 10-year futures. Global rate increases, rising oil prices amid U.S.-Iran tensions, and won strengthening to 1,470 against the dollar supported demand for lower-priced bonds. Long-term yields approached recent highs, attracting buying inte

According to BlockBeats, chip stocks rebounded overnight on July 21, with the semiconductor ETF rising approximately 1.3%. Nvidia, AMD, and Micron posted gains, though the Nasdaq remained near flat. The rebound followed earlier concentrated selloffs and eased leverage rebalancing pressure.

According to Herald Economics, Hyundai Motor's stock fell to 399,000 KRW today (July 21), marking a 49.61% decline from its all-time high of 783,000 KRW set six months earlier. The sharp selloff was triggered by massive foreign investor outflows, with international holdings slumping from 35.95% to 25.17% year-end, as overseas investors dumped 10.88 trillion KRW in shares so far this year. Second-quarter earnings expectations have also been downgraded. KB Securities and Mirae Asset Securities for

According to its interim announcement, semiconductor chipmaker Shing Chi Holdings (02166) disclosed on July 21 that its H1 2026 profit will surge more than 4.6 times year-on-year. The growth was primarily driven by increased demand for the company's integrated circuit chips, boosted by AI infrastructure buildout. The company's optical communications and storage product segments—key units supporting AI infrastructure—recorded significant expansion during the period.

According to E-Daily, on July 21, Macquarie Asset Management's special purpose company acquired a 24.4% stake in IT infrastructure company Gabia from its largest shareholder at 48,000 won per share. Macquarie simultaneously launched a tender offer for the remaining 73.1% (9.805 million shares) at the same price through September 17, with a total deal value of 627.5 billion won. The tender offer's success requires Macquarie to secure at least 24.3% of total issued shares; failure to reach this mi

According to Jin10, Shanghai gold traded at 876.78 yuan/gram on the morning of July 21, 1.27 yuan/gram above international gold prices of 875.51 yuan/gram.

According to PANews citing SoSoValue data, crypto sectors rallied broadly on July 21, with DeFi sector leading at 2.28% in 24 hours. Within DeFi, DeXe (DEXE) rose 4.96%, Uniswap (UNI) surged 5.325%, and Lido DAO (LDO) jumped 11.80%. Bitcoin (BTC) gained 0.80% to break above $65,000, while Ethereum (ETH) climbed 1.88% to surpass $1,900. Most other sectors followed upward, including RWA (+2.02%), PayFi (+1.00%), and Layer1 (+0.62%), while SocialFi was the sole decliner at -0.96%.

According to Yonhapnews, South Korea's benchmark KOSPI index rose 2.36% on July 20, gaining 154.08 points to close at 6,670.35. Meanwhile, the KOSDAQ index declined 2% over the same period, weighed by semiconductor sector volatility.

According to official data released by the Chongqing Statistics Bureau and the National Bureau of Statistics Chongqing Investigation Team, the city's regional GDP reached 1.67 trillion yuan (RMB) in the first half of 2026, up 4.2% year-over-year in real terms. The primary industry expanded 4.1% to 70.52 billion yuan, secondary industry grew 2.2% to 564.9 billion yuan, and tertiary industry increased 5.3% to 1.03 trillion yuan.

According to The Block, on July 21, a Washington state judge issued a preliminary injunction against prediction market platform Kalshi, ruling it constitutes illegal gambling under state law. Kalshi responded that states have no authority to regulate prediction markets, stating that many courts have already clarified this point.

According to the Financial Action Task Force (FATF), as of 2026, global regulatory progress on virtual assets (VA) and virtual asset service providers (VASP) continues to advance. The FATF's latest report shows that 86% of jurisdictions have completed risk assessments for virtual assets, while 83% have implemented Travel Rule legislation. Recommendation 15 (large transactions reporting) achieved 34% "substantial compliance" globally. However, the report identifies significant enforcement gaps, V

According to Financial News on July 21, Hyundai Motor's second-quarter earnings are expected to fall short of market forecasts due to component supply disruptions and overseas factory production halts. KB Securities downgraded its price target from 1.2 million KRW to 900,000 KRW (a 25% cut) but maintained a buy rating, citing the company's long-term growth potential in humanoid robots and autonomous driving. Separately, Korean Tire and Technology saw its target price raised to 120,000 KRW by Mer

According to Bloomberg, Zhipu AI has completed a 1GW data center that uses only domestic chips and has begun partial operations, according to sources monitored by Beating. The facility, designed primarily for training and iterating the GLM model, is one of China's largest AI computing centers. Zhipu operates multiple clusters with over 10,000 chips each. The 1GW power capacity is equivalent to the simultaneous electricity consumption of approximately 750,000 households.

On July 20, Samsung BioLogics announced the acquisition of PolyPeptide Group AG for 2.7 trillion Korean won, according to NICE Credit Rating and Samsung BioLogics' official disclosure. The Swiss peptide contract development and manufacturing organization (CDMO), listed on SIX Swiss Exchange, will be acquired with 100% equity transfer. PolyPeptide Group, founded in 1952 and spun off from pharmaceutical firm Ferring in 1996, operates production facilities across five countries with over 1,000 deve

According to Yonhap Infomax, on July 21 before 9 a.m., the USD-KRW spot MAR (market average rate) quotes in the Seoul foreign exchange market traded at par level. The NDF fixing position was square, indicating a neutral stance among regional market participants.

According to Newsis, South Korea's KOSPI index rose to 6,723 on the morning of July 21, up 3.19% from the previous close as foreign investors switched to net buying. Foreign investors purchased 290 billion Korean won in net, while institutional buyers added 220 billion won. Samsung Electronics gained 5.84% to 258,250 won, and SK Hynix climbed 3.83% to 1,831,500 won, leading the recovery.

According to Cointelegraph, SpaceX will release its Q2 2026 earnings report and host an earnings webcast on August 4. The earnings call will be simultaneously streamed on X.

According to Goldman Sachs, geopolitical tensions in the Middle East pose upside risks to its fourth-quarter 2026 forecasts for Brent and WTI crude oil at $80 and $75 per barrel, respectively. If the Strait of Hormuz remains disrupted, Brent crude could surge to $120 per barrel during the same period.