Gate Crypto Flash News and Market Updates

The Digital Chamber filed suit in Sangamon County on July 21 against Illinois' newly enacted Digital Asset Tax Act, which imposes a 0.2% tax on digital asset transfers, exchanges, and storage. The tax takes effect January 1, 2027, and is projected to raise approximately $60 million annually. Illinois is the first U.S. state to enact a tax specifically targeting crypto transactions. The Digital Chamber argues the law violates the Illinois Constitution's uniformity and due process clauses, as well

According to Cnyes.com, Hong Kong's Hang Seng Index fell 0.95% today (July 22), closing at 24,892.66 points, while the Hang Seng Tech Index plummeted 3.04% to 4,668.23 points amid a broad selloff in large-cap technology stocks. Tencent and NetEase each dropped over 7%, with AI application stocks like MiniMax tumbling over 11%. Defensive assets rallied in response, as gold and precious metals stocks surged on cooling rate expectations and central bank buying support. Zhaojin Gold and Lingbao Gold

According to 8004scan report cited by PANews, approximately 386,000 onchain agents have been registered across 29 blockchains as of July 22, with over 319,000 users and 460,000 feedback records. However, only 2.24% of these agents passed health checks through A2A/MCP protocols and remain operational. The report highlights that BNB Smart Chain leads in registration volume, Base ranks high in user engagement, Ethereum serves as the primary registration hub, while Celo and X Layer show stronger ser

According to Guru Club, the Trump administration allocated $5 billion to the Genesis Mission on July 22, a federal AI-powered research initiative involving 15 agencies across chronic disease research and drug development sectors.

According to blockchain intelligence firm TRM Labs, HTX has been rotating deposit and hot wallets across TRON, Ethereum, BNB Smart Chain, and Solana following UK sanctions imposed in May. The exchange rotates wallets within hours, creating what TRM Labs described as a "continuous moving target" that makes address-list screening ineffective for compliance professionals. The UK Office of Financial Sanctions Implementation designated Huobi Global S.A., HTX's parent entity, on May 26, citing suspect

According to The Wall Street Journal, Coinbase won a lawsuit against the SEC, which was ordered to pay $150,000 in damages for deleting text message evidence related to Operation Choke Point 2.0. The government action sought to pressure banks to cut off business relationships with legitimate cryptocurrency companies and their customers. Representative Maxine Waters, the ranking Democrat on the House Financial Services Committee, also criticized the government for closing citizens' bank accounts

According to Iranian Armed Forces spokesman via Tasnim News Agency, Iran has never stopped producing strategic missiles during the 40-day conflict and since signing a memorandum of understanding with the U.S. The newly manufactured missiles are being directly deployed for combat operations and are replenishing Iran's missile inventory.

According to Korea Exchange, foreign investors resumed net buying in KOSPI stocks for three consecutive trading days this week, purchasing a combined 3.457 trillion won (approximately $2.66 billion). On July 22 alone, they acquired 2.612 trillion won worth of shares, signaling a potential shift after recent domestic investor selling pressure.

According to Iran's Deputy Health Minister Hossein Kermanpour, U.S. airstrikes on Iran have killed 53 people and wounded 592 since June 27, as of 8:30 a.m. local time on July 22.

According to CNBC, Brent crude futures topped $95 per barrel this morning (July 22) following an 11th consecutive night of U.S. strikes on Iran. Both the international benchmark and U.S. oil prices are nearly 4% higher in early trading. Speaking to reporters in the Philippines today, Secretary of State Marco Rubio said the U.S. "would love to reach a diplomatic settlement" with Iran, but noted that Tehran does not appear "serious" about a deal. The jump in oil prices is weighing on stock futures

According to Circle's announcement on July 10, 2026, Circle received final OCC approval to establish Circle National Trust, placing the company's $73.2B USDC under direct federal oversight for the first time. However, the GENIUS Act, signed into law on July 18, 2025, prohibits US-regulated stablecoin issuers from paying any form of yield or interest to holders—a restriction that does not bind Tether's global USDT, which operates outside the US framework. The yield prohibition creates a competiti

According to HSBC economist Chris Hale, UK inflation fell to 2.6% in June, down from 2.8% in May, with the decline driven primarily by lower fuel prices, particularly diesel. Core inflation remained stable at 2.6%, above consensus expectations. Hale noted that inflation data shows little evidence of indirect energy impacts, suggesting the Bank of England may maintain interest rates unchanged next week and beyond. However, recent weeks' rise in oil and gas prices presents additional upside risks

According to Foresight News, the probability that U.S. President Trump will issue a pardon, commutation, or reprieve for FTX founder Sam Bankman-Fried before July 31 has dropped below 1% on Polymarket, with trading volume around $836,000. The market will settle as "Yes" if SBF receives such relief before 11:59 p.m. UTC on August 1, 2026, otherwise "No." Separately, the U.S. Senate has passed a resolution opposing any pardon or commutation for SBF, stating he should not receive such relief "under

According to Bitcoin News, Bitcoin Core v29.4 is now available for download. The latest version release was announced on the X platform.

According to the Korean Exchange's official announcement on July 22, Bident, the second-largest shareholder of Bithumb Holdings, has been granted a 5-month improvement period for its delisting review. The Kosdaq Market Division decided to postpone the delisting decision until December 22, 2026, allowing the company additional time to meet compliance requirements.

According to Jin10, crude oil extended gains overnight on July 22 as U.S. President Trump downplayed the prospects of immediate negotiations with Iran.

According to the Wall Street Journal, AMD announced today that it will invest $5 billion in artificial intelligence company Anthropic as part of a comprehensive chip and investment agreement between the two companies.

According to TS Lombard research released July 22, Korean memory chip valuations have approached fair levels, but market expectations for storage companies' future profitability may remain overly optimistic. DRAM contract prices saw quarter-over-quarter increases of 93-98% in Q1, which declined to 58-63% in Q2, with TrendForce predicting a further slowdown to 13-18% in Q3. Spot market conditions have turned sideways, with DRAM and HBM prices beginning to decline. Market consensus expects memory

According to PPP's prediction market tool monitoring on Polymarket, a smart money account (0x076daa87c4fe1a85402a9b6b8e0a866224388d4c) with a lifetime profit exceeding $3.31 million has purchased over $190,000 worth of positions betting on Seoul FC to defeat Pohang Steelers in the K League 1 match, with an average entry price of 53.9 cents. Seoul FC, ranked first in the league, hosts fifth-ranked Pohang Steelers at Seoul World Cup Stadium.

According to MSX.COM data, Intel stock dropped over 4% in pre-market trading on July 22, trading at $101.20.