Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
11:37

South Korean Covered Call ETF RISE 200 Posts 13.75% Return in One Week as KOSPI Declines

According to Herald Economic citing Korea Securities Computing, RISE 200 High Dividend Covered Call ATM ETF led South Korean domestic ETF gains with a one-week return of 13.75% as of July 9. The product invests in high-dividend KOSPI 200 constituents while employing a covered call strategy to generate premium income. The outperformance came as South Korea's benchmark index fell sharply on mounting volatility. KOSPI declined 5.35% on July 8 and was pressured by semiconductor stocks, with Samsung
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11:37

Jailed Fraudster Charged With Moving $290K in Forfeited Crypto From Prison in January 2024

According to a Department of Justice statement, Rossen Iossifov, a 53-year-old Bulgarian national already serving 111 months for money laundering, has been charged with conspiring to transfer $290,000 in cryptocurrency that a court had ordered him to forfeit. Prosecutors allege he executed the transfers through multiple exchanges and mixing services in January 2024 while incarcerated in federal prison. If convicted on the new charges of removing property to prevent seizure, aiding and abetting,
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11:35

Websea Launches Global Talent Recruitment Initiative to Accelerate International Expansion

According to ChainCatcher, Websea recently launched a global talent recruitment initiative aimed at filling multiple core positions including regional leads, global business development, market growth, compliance, engineering, and user operations. The expansion is part of the company's long-term globalization strategy. Websea CMO Herbert R. Sim stated that the initiative seeks to attract top talent worldwide to drive product innovation, ecosystem development, and global business growth.
11:32

Waton Financial Launches MoTA Alpha, AI Agent Marketplace for Professional Investors

Waton Financial has launched MoTA Alpha, an AI-native investment platform introducing an open marketplace where third-party developers can create and deploy specialized AI trading agents. The platform enables professional investors and portfolio managers to assemble teams of AI agents performing research, analysis, risk management and execution, with all investment decisions subject to mandatory human approval before execution. The Agent Talents Market ecosystem allows developers to retain contr
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11:32

CFTC Blocks CME's 24/7 Crude Oil Futures on July 9, One Day Before Launch

According to the Commodity Futures Trading Commission, on July 9, CFTC issued a stay blocking CME's 24/7 crude oil futures contract scheduled to launch on July 10. The agency said CME filed to self-certify the contract on July 8 despite an active public comment process opened by CFTC on June 22 seeking input on whether standard futures contracts should be extended to 24/7 trading, including crude oil. The Federal Register notice set a July 27 comment deadline. CFTC Chairman Michael S. Selig stat
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11:31

Newly Created Wallet Withdraws $35.92M ETH from Galaxy Digital

According to Arkham, a newly created wallet withdrew approximately $35.92 million worth of ETH from Galaxy Digital recently, currently with unrealized gains of about $0.9 million on this transaction. Arkham noted that the address's purchase pattern is similar to known BitMine buying behavior.
11:31

Monami Stock Surges as Delisting Risk Eases Amid Patriotic Investment Wave

According to Herald Economy, Monami's stock surged on July 10 as the South Korean stationery manufacturer reversed a delisting crisis, buoyed by recent 'patriotic stock' investment momentum. CEO Song Jae-hwa expressed gratitude via the company's official social media, sharing a handwritten letter thanking supporters for their encouragement during the recovery.
11:26

Shein Receives CSRC Approval for Hong Kong IPO Filing, Plans to Issue 341.6M Shares

According to the China Securities Regulatory Commission, on July 10, Shein Global Holdings Limited received offshore listing filing approval for its subsidiary Guangzhou Shein International Import and Export Co., Ltd. The company plans to issue up to 341,613,000 shares and list on the Hong Kong Stock Exchange. Shein's target valuation for this IPO is approximately $40 billion, with total fundraising expected to reach billions of dollars.
11:22

THORChain v3.20 Pauses Churn After Three-Bug Chain Exploit Drains 20% TVL

According to co-founder Aaluxx, THORChain's vault rotation (churn) is now paused until v3.20 ships due to a consensus bug discovered during churning. The recent exploit stemmed from three chained older bugs that, individually harmless, became exploitable when triggered in sequence. One of five vaults was compromised, resulting in approximately 20% of total value locked being drained. The v3.20 release consolidates the original v3.19.4 patch with Monero integration and router V6 deployment. Maya
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11:22

Bybit Launches Spot Trading Competition with 200,000 USDT Prize Pool Through July 24

According to Foresight News, Bybit launched a spot trading competition covering major assets including BTC, ETH, SOL, XRP, HYPE, and XAUT, with a total prize pool of 200,000 USDT. Users can participate in trading volume leaderboards and daily lucky draws by trading designated pairs. The competition runs from July 10 to July 24 at 18:00 UTC.
11:22

Tangem Disputes Ledger Laser Attack Risk, Questions Competitor's Research

According to Foresight News, Tangem responded to Ledger Donjon's disclosed laser attack vulnerability, stating the attack requires approximately $250,000 in laboratory equipment, physical damage to cards, and professional expertise, with each attempt risking card destruction. Tangem emphasized that ordinary users face "nearly zero" practical risk and questioned the research credibility, noting Ledger Donjon is owned by competitor Ledger. Tangem highlighted that no confirmed cases of user asset l
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11:21

Zhenjiang Best New Materials Gets CSRC Approval for Hong Kong IPO, 357.7M A-Shares Full Circulation on July 10

According to China Securities Regulatory Commission (CSRC), on July 10, Zhenjiang Best New Materials received approval for Hong Kong IPO and full circulation of 357.7 million A-shares held by 19 shareholders. The company plans to issue no more than 103.5 million shares for overseas listing on Hong Kong Stock Exchange. The 19 shareholders will convert their combined 357.7 million domestic unlisted shares into overseas-listed shares for circulation on HKEX.