Gate Crypto Flash News and Market Updates

According to BlockBeats, on July 28, ZuriQ, a spin-off from ETH Zurich, completed a $25.5 million seed round funding. The company is developing a new quantum chip architecture designed to offer improved scalability compared to existing solutions.

According to a July 27 court order, US District Judge Katherine Menendez temporarily blocked Minnesota from enforcing its prediction market ban against CFTC-regulated platforms Kalshi and Polymarket US. The judge found that event contracts offered by the platforms likely qualify as swaps, giving the CFTC exclusive jurisdiction. Minnesota's law, scheduled to take effect August 1, would prohibit the creation and operation of prediction markets with criminal penalties. The preliminary injunction al

According to South Korea's financial investment industry, SK Hynix ADR dropped 7.47% to $143.02 on July 28, falling below its IPO price of $149 and opening level of $170 set on July 10. The decline reflects broader semiconductor sector pressure, with the Philadelphia Semiconductor Index down over 20% since late June amid concerns over artificial intelligence investment sustainability and oversupply risks. Chinese chipmaker ChangXin Memory Technologies surged 465.82% above its IPO price on its de

According to the U.S. Navy's Third Fleet, on July 17, the Navy's Global Autonomous Reconnaissance Craft (GARC) successfully struck the retired USS Peleliu, a Tarawa-class amphibious assault ship, during a naval sinking exercise off the coast of Kauai, Hawaii. The exercise was conducted as part of RIMPAC 2026, the world's largest multinational maritime training event. The GARC approached at high speed and struck the vessel's waterline with precision, marking the first official demonstration of a

According to monitoring by Beating, Kimi K3 drew strong but mixed reviews from overseas developers following its full weight release. Praise focused on its interface generation, code architecture, and research capabilities, with some calling it a "monster" that has reached the level of top closed-source models. However, critics noted it requires 80 RTX 5090 GPUs to run, with one Reddit user comparing it to "a Formula 1 car in a showroom window: powerful but impossible for ordinary people to driv

According to the National Development and Reform Commission (NDRC) at a press briefing held today, the China-Europe freight rail service has continued to operate safely and stably, leveraging its all-weather, high-capacity, time-efficient, and low-carbon advantages. The NDRC stated that the service provides critical support for maintaining the stability of international industrial and supply chains across the Asia-Europe corridor.

According to Coinglass data cited by ChainCatcher, the Crypto Fear and Greed Index stands at 28 as of July 28, down 1 point from the previous day. The 7-day average is 28, while the 30-day average is 24.

WealthCraft Capital, Inc. (OTC PINK: WCCP) today announced the acquisition of a less-lethal conducted-energy patent portfolio from XLabs, designed for law enforcement, military, and homeland security applications. The portfolio includes a U.S. utility patent, design patent, and international applications covering a battery-powered, launcher-independent electric shock projectile engineered for standard-issue 5.56×45mm NATO rifles and 0.68 caliber launchers. The company plans to rebrand to War Lab

According to Seoul Bond Market data, South Korean government bond yields declined slightly on the morning of July 28 as risk-off sentiment swept markets. The 3-year benchmark yield fell 2.3 basis points to 3.844%, while the 10-year yield dropped 1.5bp to 4.315% and the 30-year yield eased 0.1bp to 4.568%. The decline followed a two-day plunge in international oil prices after the U.S. and Iran halted military exchanges, triggering a sharp selloff in South Korean equities. The KOSPI index plummet

According to ChainCatcher, Singapore-based digital asset investment manager Psalion has completed the closing of its third fund, raising $50 million, the company's largest fund to date. The fund is registered as a Variable Capital Company (VCC) in Singapore and managed by Conduit Asset Management, which holds a license from the Monetary Authority of Singapore (MAS). The fund will focus on Pre-Seed and seed-stage projects across infrastructure, middleware, trade finance, real-world assets (RWA),

According to Polymarket on July 26, the Federal Reserve's July interest rate decision is priced at a 71.2% probability of maintaining current rates, with only 27.6% odds of a 25 basis point increase. The shift reflects growing market confidence in inflation stabilization, with economists citing declining core PCE (Personal Consumption Expenditures) inflation and comments from Federal Reserve officials supporting a rate hold over a hike.

According to Cathie Wood, founder of ARK Invest, SpaceX stock fell below its IPO price recently despite the successful completion of Starship's splashdown recovery—a development that should be transformative for the company. Wood attributed this counterintuitive price action to the market "climbing the wall of worry," a phenomenon where markets maintain upward momentum despite persistent negative sentiment. She argued that true bull markets only end when all investors become complacent and aband

According to Guru Club, precious metals prices declined today (July 28) as market expectations for a potential Federal Reserve rate hike during its upcoming policy meeting intensified. The U.S. dollar index surged to its highest level in about a month, directly suppressing gold and silver prices quoted in dollars, according to analysts from Jinrui Futures and Huishang Futures. Market participants reduced their directional positions ahead of the Fed meeting due to high uncertainty about the outco

According to Jin10, domestic gold jewelry brands lowered prices by approximately 16 yuan per gram today, with most brands quoting 1,225–1,232 yuan per gram compared to yesterday.

According to analysts at Futurum Group and other financial institutions, the 60-day correlation coefficient between South Korea's KOSPI index and the Nasdaq-100 index has recently risen to approximately 0.50, marking the highest level since 2021. This increased correlation reflects the growing importance of Samsung Electronics and SK Hynix, which together now account for over 50% of KOSPI's index weight. Both companies sit at the core of the AI hardware supply chain, providing memory chips essen

According to Wall Street Journal, after freezing hiring for roughly one year, major U.S. companies including railroad operator CSX and Alphabet are resuming recruitment to support growth and capture emerging technology opportunities. Over the past 18 months, large employers had reduced white-collar positions due to economic uncertainty and expectations that AI could handle more work; however, executives now acknowledge AI's costs and limitations require increasing headcount. Initial jobless clai

According to the Financial Times, Nvidia has signed a $50 billion data center lease agreement in Texas. The deal represents one of the semiconductor company's largest infrastructure commitments.

According to Korea Securities Depository, Korean retail investors' net purchases of U.S. stocks surged to over 5 trillion won (approximately $3.9 billion USD) from July 1 through July 27, marking a five-fold increase from June.

On Monday, SpaceX (SPCX) shares fell to $113.50, erasing more than $1.2 trillion in market value since the June peak of $225.64, as Cathie Wood's ARK Investment Management bought 124,543 shares across four ETFs. ARK's flagship Innovation ETF (ARKK) purchased 78,031 shares, while ARK Autonomous Technology & Robotics (ARKQ) added 25,442. ARK Next Generation Internet (ARKW) and ARK Space & Defense Innovation (ARKX) contributed smaller positions. SpaceX faces two major near-term catalysts: its first

The Direxion Daily South Korea Bull 3X Shares (KORU), a leveraged exchange-traded fund tracking 3x the daily performance of the MSCI Korea Index, plunged over 15% in the overnight session on Monday (July 28) due to a global chip selloff fueled by AI spending sustainability concerns. The KOSPI fell over 10% after being halted earlier in the day, driven by declines in Samsung Electronics and SK Hynix, which together comprise more than half of the index. Reports that a Chinese state-backed company