Gate Crypto Flash News and Market Updates

According to Kitco News, Fed Chair Kevin Warsh testified before Congress for the first time in his role, reaffirming the Federal Open Market Committee's commitment to price stability. "Underlying inflation over longer time horizons is determined largely by monetary policy," Warsh said, adding that FOMC members "have no tolerance for persistently elevated inflation." He characterized the U.S. economy as expanding at a solid pace, with strong productivity growth and a broadly stable labor market,

According to Jin10 data and China's Ministry of Water Resources, as of 9 a.m. on July 15, 79 rivers across Jilin, Liaoning, Heilongjiang, Inner Mongolia, Tianjin, Hebei, Sichuan, Gansu, Anhui, Yunnan, Guangdong, and Guangxi maintained water levels above alert thresholds, with the maximum exceedance at 4.71 meters. The Ministry maintained a yellow flood warning and issued an orange mountain flood disaster weather warning for the coming three days through July 17, advising residents in affected pr

According to Yicai, Oppo and Alipay expanded their AI collaboration in July 2026, allowing users to access nearly 200 Alipay services through Oppo's Xiaobu assistant with a single voice command. After user authorization, the services include movie ticket booking, phone top-ups, utility payments, visa processing, childcare subsidy applications, and household registration transfers.

According to BlockBeats, on July 15, Changxin Technology's CXMT contract on trade.xyz surged to $8.48 following the removal of its price protection mechanism. Based on the company's prospectus disclosing approximately 6.688 billion shares outstanding, the market valuation corresponds to approximately 3.8 trillion yuan.

According to Crédit Agricole's chief economist Kim Yeon-jin, South Korea's central bank is expected to unanimously raise its benchmark rate by 25 basis points in tomorrow's monetary policy meeting on July 16. The rate hike reflects first-quarter GDP growth exceeding market expectations, strong recent export trends, and consumer price increases surpassing 3% in both May and June. Additional pressures include won-versus-dollar depreciation pushing import prices up approximately 25% year-on-year, r

During a CNBC interview on late Tuesday, billionaire investor Chamath Palihapitiya said there was "very obvious industrial logic" in combining Tesla and SpaceX, stating: "There is a very obvious industrial logic to put these two businesses together, to have one capital structure, to have one balance sheet, to be able to raise money for the broad swath of things that he's doing as one vehicle." The remarks come after Palihapitiya predicted in March that SpaceX could reverse-merge into Tesla rathe

According to Bloomberg, SK Hynix chairman Choi Tae-won announced on July 11 that artificial intelligence is driving exponential growth in memory chip demand. The company plans to double its overall capacity over the next five years to address the shortage. Choi noted that memory demand is expanding faster than supply can support, as AI applications require massive amounts of cache, and supply constraints may persist for years.

According to BC Card's communications head Kim Hee-jung, on July 15, the company emphasized that cross-border payment infrastructure connectivity is more critical than digital assets themselves in the stablecoin era. Speaking at the 'Ethiopia x K-Digital Connect 2026' forum in Seoul, Kim highlighted BC Card's strategy to connect international payment networks, noting that each country should strengthen its own payment infrastructure and link them together. BC Card currently operates direct digit

According to Yahoo Finance on July 14, Wall Street forecasts Micron will generate $176 billion in net income for fiscal year 2027, up dramatically from $9 billion in FY2025. The semiconductor index peaked on June 22, with global chipmakers expected to produce approximately $700 billion in cumulative profits through 2027. Nvidia is projected to earn $316 billion by FY2027, while the combined earnings of Micron, Nvidia, and Broadcom will account for 72% to 85% of total semiconductor sector profits

According to UBS, European investors have maintained confidence in China's artificial intelligence technology sector amid recent market volatility, with some taking profits in recent weeks but remaining steadfast in their long-term outlook. The bank also found that European investors showed unexpected strong interest in Chinese biotech companies, suggesting they are seeking underexplored innovation areas in China. UBS China equity strategist Wang Zonghao noted that European investors now have a

According to Jin10, multiple Japanese citizens' groups issued a joint statement on July 14 opposing the government's plan to develop nuclear-powered submarines. The statement noted that Japan's Atomic Energy Basic Law limits nuclear energy use to peaceful purposes, and acquiring nuclear submarines would contradict this longstanding position. The development would also violate Japan's exclusively defensive defense principle, according to the Peace Boat organization.

According to Japan's Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 331,964 thousand liters in the week ended July 11, falling to 10.27 billion liters from 10.60 billion liters the previous week. Refinery operating capacity utilization rose to 86.20% from 83.00%, while design capacity utilization increased to 74.60% from 73.00%.

On July 15 morning session close, commodity futures markets rallied broadly, with low-sulfur fuel oil surging 5.98% amid continued geopolitical premiums and cost-driven support. Precious metals rebounded, while black metal commodities strengthened collectively, with rebar, hot-rolled coil, and iron ore each gaining over 1%.

The U.S. Dollar Index dropped to 100.80 on July 15, declining 0.12% during the trading day.

According to SoSoValue data, Bitcoin spot ETFs saw total net inflows of $181 million on July 14 (yesterday in U.S. Eastern time). BlackRock's IBIT led single-day flows with $139 million in net inflows, bringing its lifetime total to $60.239 billion. Fidelity's FBTC followed with $21.07 million in daily inflows.

According to Jin10, South Korea's Financial Services Commission plans to expand its Public Growth Fund from 150 trillion won to 200 trillion won. The annual operating budget will increase from 30 trillion won to 40 trillion won, with a total operational scale of 200 trillion won targeted over the next five years. Long-term investment will concentrate on three priority areas: semiconductors, AI data centers (AIDC), and Physical AI. The fund's investment scope is also being extended to aerospace a

According to Lookonchain, large buy orders have appeared on Hyperliquid's CR (Changhxin Storage) contract market. Buy orders totaling approximately $5.93 million are placed near the $7.2 price level, while orders worth around $5.58 million are positioned near the $6.00 level.

According to ChainCatcher, BitRing announced on July 15 that its fitness, AI and Web3 ecosystem will be rebranded to BRT.Fit effective immediately. The BitRing name will be retained as a dedicated smart ring brand focused on wearable hardware and health technology innovation.

According to company announcement, Keen Methods Medical (02595) launched a placement of 13.6 million new H-shares at HK$34.69 per share on July 15, representing a 9.71% discount to the previous close of HK$38.42. The placement raised HK$472 million in gross proceeds. As of 11:50 a.m., the stock traded at HK$43.68, up 13.7% for the day with turnover exceeding HK$220 million. The company will allocate approximately 75% of net proceeds toward development of core products including RAS inhibitors an

According to Reuters, Stripe and Advent International made an unsolicited acquisition offer to PayPal on July 15 at $60.50 per share, valuing the company at over $53 billion and representing approximately 28% premium to its previous closing price. The proposal, submitted earlier this month, is backed by approximately $50 billion in committed bank financing. Under the proposed structure, Stripe and Advent would each hold 50% equity in PayPal without breaking up the company. The two parties initia