Gate Crypto Flash News and Market Updates

According to ChainCatcher, Hedera Network is reportedly suffering an attack, with perpetrators transferring over $3.7 million to Ethereum through a cross-chain bridge. The stolen funds were bridged from Hedera via LayerZero and are currently being swapped from WBTC to ETH, according to analyst Specter's monitoring.

According to Egypt's Central Bank, net foreign direct investment inflows for the July-March period of fiscal year 2025/26 reached $13 billion, compared with $9.8 billion in the same period of the previous year.

According to Egypt's Central Bank, tourism revenue for the 2025/26 fiscal year from July through March reached $14.4 billion, up from $12.5 billion in the same period the previous year.

According to Iran's Kerman province official, U.S. military struck a communications tower in southern Kerman's mountainous region early on July 12, injuring 2 people.

According to Fortune, multiple analysts on July 12 cited a four-year cycle, inflation pressure, and leverage liquidation as factors keeping Bitcoin in bear market territory. Bitwise Chief Investment Officer Matt Hougan noted the four-year cycle continues to influence investor sentiment, while Grayscale Research Director Zach Pandl attributed the downturn to macro factors, including U.S. inflation reaching 4.1% in June, above the Federal Reserve's 2% target. Market deleveraging is also weighing o

According to BlockBeats citing Token Terminal data, ETH bridged from Ethereum mainnet to Robinhood Chain over the past week increased roughly 10-fold, surpassing $100 million in total value. Robinhood Chain uses ETH as its native gas token.

According to Korea Exchange, South Korea's KOSPI index fell 24.7% from its peak of 9385 to 7063 today (July 12), marking its sharpest decline outside periods of global financial crises or major policy shifts. The correction severity is underscored by data showing 89% of KOSPI 200 component stocks have declined more than 30% from their 2026 highs. Analysts point to the U.S. June CPI report due July 14 as a key catalyst; if CPI meets or undershoots market expectations of 3.8% year-over-year, semic

India's Commerce Minister Piyush Goyal will lead a high-level trade delegation to Spain, Belgium, and Finland from July 13-17.

According to the Korean Exchange, as of July 12, nine out of ten KOSPI 200 constituent stocks have declined more than 30% from their year-to-date highs, indicating that South Korea's domestic market correction has reached a severity level exceeding previous major downturns. If U.S. consumer price index (CPI) data comes in line with market expectations or falls below, semiconductor, defense, power equipment, and shipbuilding sectors are expected to lead a potential market rebound.

According to Jin10, on July 12, Western Gold announced that its controlling shareholder, Xinjiang Nonferrous Metals Industry Group, plans to merge with Xinjiang Geology and Minerals Investment Group. The merger will not materially impact the company's operations, and the ultimate controlling shareholder will remain Xinjiang Uygur Autonomous Region State-owned Assets Supervision and Administration Commission. The merger requires approval from higher-level authorities and remains subject to uncert

LAB Trade's native token collapsed 90% to $1.25 within 48 hours, wiping out approximately $5 billion in market cap amid insider control and manipulation allegations. The sharp decline came as vesting unlocks were scheduled to begin later in July 2026, with multiple late-stage vesting changes having occurred prior to the crash.

According to ChainCatcher, a court in São Paulo, Brazil ordered Coinbase to return approximately $100,000 to a user whose funds disappeared from a self-custodial wallet in unauthorized transactions. Coinbase argued the wallet's private keys were fully controlled by the user, but failed to prove the transaction was initiated by the wallet holder or demonstrate security measures to prevent the outcome. The court ruled in favor of the user under Brazil's Consumer Protection Law, requiring Coinbase

According to Ukraine, the country sank 14 Russian vessels on Sunday, July 12. The specific details regarding the location and military branch involved in the operation were not immediately disclosed.

According to state media CCTV, on July 12, Ibrahim Raesai, spokesperson for Iran's parliamentary committee on national security and foreign policy, stated that Iran "controls the Strait of Hormuz by force and will maintain it by force." Raesai emphasized that Iran will continue to firmly safeguard its rights and security interests in the strait.

According to South Korea's Ministry of Oceans and Fisheries, the country's 13th tanker safely passed through the Red Sea on July 12 and is currently transporting Saudi Arabian crude oil back to South Korea. The ministry provided real-time monitoring and navigation safety information throughout the vessel's journey, while maintaining communication channels between authorities, shipowners, and crew to ensure maritime security. Specific vessel details were withheld to protect crew safety.

According to Kangwon Ilbo, SK Hynix completed a $26.5 billion fundraising through American Depositary Receipt (ADR) issuance on July 10, with funds set to arrive on July 14. The South Korean chipmaker plans to allocate the proceeds to domestic semiconductor investments, including the Yongin chip cluster, Cheongju P&T7 advanced packaging facility, and extreme ultraviolet (EUV) lithography equipment. Market analysts expect that converting the dollar proceeds into Korean won for domestic investment

According to announcements on July 8, Alchemy introduced Validator-as-a-Service for the Canton network, enabling institutional clients to participate in tokenized financial markets without building their own blockchain infrastructure. The service manages validator nodes, network fees, and software upgrades while allowing institutions to maintain custody of cryptographic keys. Alchemy also became a tier-one validator on the Stellar blockchain and launched three new indexed APIs for developers, pr

According to local industry sources, SK Hynix raised $26.5 billion via Nasdaq on July 12. The funds will be deployed for domestic semiconductor investment and sequentially converted from U.S. dollars to Korean won throughout the month, expected to provide significant dollar supply to the foreign exchange market and potentially ease recent won weakness.

According to Jin10, on July 12, Ibrahim Rezaei, spokesperson for Iran's Parliament Committee on National Security and Foreign Policy, stated on social media that Iran "controls the Strait of Hormuz with military strength and will maintain it with military strength." Rezaei emphasized that Iran will continue to firmly safeguard its rights and security interests in the Strait of Hormuz.

According to a DigiTimes report on July 12, HBM4 prices may surge to $4-5 per gigabit or higher in the second half of 2026, up from current levels around $2, driven by surging AI demand and production bottlenecks. The price hike reflects HBM4's manufacturing complexity, including lengthy production cycles and low initial yields, combined with the fact that HBM production consumes roughly three times the wafer capacity of standard DDR5 DRAM, severely limiting total output from existing facilities