Gate Crypto Flash News and Market Updates

According to Meta, the company officially launched Muse Image, a new AI-powered image generation model, on Tuesday. The model will be available free to general users via Meta AI website and app, as well as WhatsApp and Instagram Stories, with plans to expand to Facebook, Messenger, and additional Instagram and WhatsApp features later this year. Meta is also commercializing the technology through multiple channels. Users requiring large-scale image generation or advanced features can subscribe to

According to The Information, SpaceX AI and Cursor plan to release a new AI model on Wednesday.

According to The Block, Strike has launched a new bitcoin-backed lending product that protects borrowers from liquidation regardless of bitcoin price declines, provided payments remain current. "No margin calls. No price liquidations," Strike founder Jack Mallers said, noting collateral stays "untouched" as long as payments are kept up. Collateral can be partially liquidated only if a borrower misses payments and fails to pay within a 10-day grace period. The loans are available for term loans i

New Hampshire lawmakers are scheduled to hold a hearing on $100 million Bitcoin bonds today (July 7, 2026). The proposed bonds still require approval from New Hampshire Governor Kelly Ayotte and the state's five-member executive council.

According to CryptoQuant analysis, Bitcoin's NUPL (Net Unrealized Profit/Loss) 100-day EMA currently sits at 0.215 as of today, with the 30-day moving average at 0.155. Historically, Bitcoin formed cycle bottoms every time the 100-day NUPL EMA fell below zero: late 2011 (near $2), January 2015 ($182), December 2018 ($3,206), and November 2022 ($15,792). The analyst noted that past NUPL declines have become progressively shallower (-0.58 in 2011, -0.22 in 2015, approximately -0.15 in 2019 and 202

According to the Atlanta Federal Reserve's GDP Now model, the U.S. second-quarter 2026 gross domestic product growth was revised upward to 1.4% annualized today (July 7), up 0.2 percentage points from the prior estimate of 1.2% on July 1. The latest estimate reflects updated economic data showing imports surging 16.4% annualized in the quarter, while the net export drag on growth improved to minus 1.30 percentage points from minus 1.62 percentage points.

The Israeli Defense Forces announced it will conduct military exercises in the Golan Heights tomorrow (July 8). No further details on the scope or duration of the drills have been disclosed.

According to E Daily, the Nasdaq declined 1.16% to close at 25,818.69 on July 7 (U.S. time), while the S&P 500 fell 0.45% to 7,503.85 and the Dow Jones slipped 0.25%. The Philadelphia Semiconductor Index (SOX) dropped 4.65% as investors rotated out of chip stocks amid doubts over whether artificial intelligence infrastructure investments can justify current valuations. Major semiconductor companies including Micron, AMD, and Marvell Technology recorded significant declines. Market concern intens

According to Front Office Sports and attorneys, BIG3 NFT purchasers have filed a class action lawsuit against Ice Cube's 3-on-3 professional basketball league over unfulfilled ownership promises. Buyers who paid $25,000 per "Fire" tier NFT and $5,000 per "Gold" tier token in 2022 expected to receive meaningful ownership rights, team management participation, and a share of future team sales. The suit alleges these benefits were promised as permanent but lasted only three years. The league sold f

U.S. refined oil imports declined by 325,000 barrels per day in the week ended July 3, down from 213,000 barrels per day in the prior week, according to latest data.

According to the American Petroleum Institute (API), U.S. crude oil production fell to 34,000 barrels per day for the week ending July 3, down from 76,000 barrels per day in the prior week.

According to API data, U.S. crude oil imports for the week ended July 3 reached 159,000 barrels, reversing the previous week's decline of 180,000 barrels.

According to the New York Times, Anthropic is expanding its Manhattan presence by leasing a 16-story building in Hudson Square, with plans to double its New York workforce to 1,000 employees. The company began relocating to the office this summer (2026).

According to the American Petroleum Institute, U.S. gasoline inventories fell by 2.929 million barrels for the week ending July 3, compared to a forecast decline of 1.55 million barrels and a previous week's drop of 2.106 million barrels.

According to API data, U.S. crude oil inventories at Cushing declined by 69,000 barrels for the week ended July 3, compared to an increase of 503,000 barrels in the prior week.

U.S. crude oil inventories decreased by 399,000 barrels in the week ending July 3, according to data from the American Petroleum Institute (API). The actual decline fell short of market expectations of a 1.5 million barrel drop and compared with a 6.072 million barrel decrease in the prior week.

According to the American Petroleum Institute (API), U.S. heating oil inventories fell by 434,000 barrels in the week ending July 3, reversing the previous week's build of 205,000 barrels.

According to API data, U.S. refinery oil inventories fell by 1.801 million barrels in the week ended July 3, compared with forecasts of a 1 million barrel increase and the previous week's 2.922 million barrel rise.

According to official statements, SBI Holdings led a $76 million Series C funding round for EDX Markets, a Japan-based institutional cryptocurrency exchange. EDX said it will use the proceeds to expand its spot trading, clearing, and settlement capabilities, accelerate product development, and grow internationally. The round reflects investor confidence in crypto market infrastructure serving institutional clients, with EDX positioning itself as a regulated platform closer to traditional finance

Exxon Mobil reported that higher oil prices contributed $3.7 billion to its second quarter profits, while geopolitical tensions and the Iran conflict resulted in approximately $1.2 billion in losses for the period. The energy giant's refining operations and chemical segment also delivered gains, contributing additional profit growth to Q2 results.