Gate Crypto Flash News and Market Updates

According to Zhitong Finance, SHEIN is preparing for a Hong Kong IPO as soon as Q3 2026, targeting a valuation exceeding $40 billion (approximately 312 billion Hong Kong dollars). The China Securities Regulatory Commission announced last Friday that it has received SHEIN's overseas listing registration materials; the company plans to issue no more than 342 million shares on the Hong Kong exchange. The fashion e-commerce platform initially pursued a U.S. listing, which faced obstacles in 2024, th

According to Ukraine's Security Service, Ukrainian forces struck a Russian oil depot in Stavropol region and storage facilities at the Kavkaz port in recent operations. The Security Service did not provide additional details on the scale of damage or timing of the strikes.

According to an official statement from Everbright Fund on July 13, the Crude Oil ETF experienced a significant premium in secondary market trading. The fund's closing price reached 1.736 yuan, while its net asset value as of July 9 stood at 1.4630 yuan, representing an approximate 18.6% premium.

According to ChainCatcher, KorProtocol (KOR) has completed a $7.5 million Series A round at a post-money valuation of $100 million. The funding round was led by 1kx and Blockchain Capital, with participation from Republic, Animoca, Solana, and Avalanche. KOR operates three core engines to tokenize creative assets on-chain. Verify enables creators to register works on-chain with ownership and licensing records; Route uses data and AI to match creators with collaborators and platforms; Settle auto

According to ChoiceWire, on July 13, the Hang Seng Index closed up 0.16% or 38.6 points at 24,213.72, with daily turnover of HK$309.5 billion. The Hang Seng China Enterprises Index gained 0.33% to 8,065.97, while the Hang Seng Tech Index fell 0.96% to 4,676.43. Semiconductor stocks led declines as SK Hynix plunged 15.37% in Seoul, marking its largest single-day drop on record, while Samsung Electronics fell over 10%. However, oil and gas stocks rallied sharply amid escalating U.S.-Iran tensions.

According to Japan Times, Japan's Government Pension Investment Fund (GPIF) is unlikely to grant Finance Minister Satsuki Katayama's request to expand domestic investment, citing legal and governance constraints. Today (July 13), the fund confirmed it maintains its current allocation framework established in 2025, which distributes 25% each among domestic stocks, foreign stocks, domestic bonds, and foreign bonds, with the next regular review scheduled for 2030. GPIF's legal mandate prioritizes l

According to Bloomberg, Andy Burnham, widely expected to become the next UK Prime Minister, will take office on July 20. Burnham is considering introducing a more comprehensive fiscal budget later this year, with allies and policy experts urging him to advance land tax reform, bring utilities under public control, and pursue a more ambitious devolution strategy.

On Monday morning, escalating U.S.-Iran military tensions over the weekend pushed stock futures lower, with Nasdaq futures falling 1.2%, S&P 500 futures declining 0.4%, and Dow futures down 0.1% as of 4:00 a.m. ET. Fresh U.S. airstrikes and a contested closure of the Strait of Hormuz sent oil prices climbing near $80 per barrel, weighing on sentiment across equity markets as corporate earnings season and key economic data releases begin this week.

According to Jin10, China Gold International released earnings guidance on July 13, projecting net income of 4.1 billion to 4.6 billion yuan for the first half of 2026, representing a year-over-year increase of 52.15% to 70.70% compared to the same period in 2025.

According to Morgan Stanley chief strategist Michael Wilson's latest research, on July 13, the S&P 500 equal-weight index outperformed the market-cap weighted index for the first time since 2022. Median earnings per share growth in the S&P 1500 composite index has surpassed 10%, driven by mid-tier companies' profit resilience. The shift signals that traditional industries tied to macroeconomic growth are showing stronger defensive and growth potential alongside technology giants.

According to the UK government, the UK and EU member states today attributed cyberattacks on Poland's energy infrastructure to Russia's Federal Security Service (FSB) Center 16.

According to the Pakistani government, Prime Minister Shehbaz Sharif arrived in Doha today (July 13) for a one-day official visit to Qatar.

According to The Korea Economic Daily, financial and high-dividend exchange-traded funds dominated South Korean stock ETF performance last week (July 6-10), with 7 of the top 10 performers in these categories. The RISE 200 High Dividend Covered Call ATM ETF led gains at 5.3%, followed by the KODEX Financial High Dividend Top 10 Weekly Covered Call at 3.5% and SOL Financial Holdings Plus High Dividend at 3.1%. Investors shifted capital from semiconductor stocks, which faced peak concerns, to divi

According to SimpleAI, the Singapore-founded AI startup has raised a US$5 million seed round and secured a US$10 million debt facility, valuing the company at US$50 million. Founded in 2023, SimpleAI builds AI agents for accounting and finance teams. The funding will support an acquisition-led expansion strategy targeting accounting and fund administration firms across Asia Pacific, with initial focus on Singapore and Australia, followed by potential entry into Hong Kong and Mauritius.

According to RWA.xyz data, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) surpassed $900 million in assets on Avalanche over the past week, more than doubling from approximately $464 million in seven days. The surge represented a weekly increase of roughly 105% and lifted Avalanche's share of BUIDL to nearly one-third of the fund's total assets of $2.87 billion, making it one of the largest tokenized U.S. Treasury products in the market.

According to SBI's official announcement, Solana Foundation and SBI R3 Japan announced a strategic partnership on July 13 to advance onchain financial markets in Japan. The joint venture, which will be renamed SBI Solana Global K.K. (tentative name), will operate alongside existing shareholders SBI and Sumitomo Mitsui Financial Group (SMFG). The company will focus on five business areas centered on the Solana network: issuance and circulation of JPY-denominated stablecoins such as JPYSC, structu

According to the EU Energy Working Group, supply security poses no concerns for the 2026-2027 winter season.

According to Guru Club, on July 13, ByteDance is exploring entry into the autonomous driving field, with the project led by Seed's world model team under Zhou Chang. The proposed autonomous driving scenario includes unmanned logistics, which would fall under ByteDance's VolcanoEngine automotive business line. ByteDance responded to the reports, stating: "ByteDance has many early-stage research and explorations in frontier AI areas, including physical AI, but has no plan to build autonomous drivi

According to Reuters, South Korea announced a record 830 trillion won (approximately $530.97 billion) budget for fiscal year 2027, driven by strong tax revenue growth from the AI and chip industries. The government will prioritize investments in three major sectors: semiconductors, AI data centers, and physical AI, which will receive the highest fiscal priority.

According to BlockBeats, Circle's Arc blockchain went live privately on July 13, with cross-chain protocols LayerZero and LI.FI already deployed to the network, though not yet opened for public testing. Arc is a Layer 1 blockchain positioned as an "Economic OS for the Internet," providing composable infrastructure for economic contracts, stablecoins, tokenized assets, and global market operations.