Gate Crypto Flash News and Market Updates

German Chancellor Friedrich Merz announced a cabinet reshuffle on July 24, adjusting multiple ministerial and ruling party positions.

According to The Block, World Foundation raised $52.5 million through a strategic sale of WLD tokens, with all tokens locked for one year. Pantera Capital led the round, with participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto. The funds will support World ID expansion across enterprise, individual, and AI Agent use cases. World ID is now integrated with Zoom, DocuSign, Okta, Vercel, and Tinder, with over 39 million users on the network, of which over

Coca-Cola has adjusted its Diet Coke packaging in the Indian market due to aluminum can supply chain disruptions caused by ongoing Iran tensions. The company switched from its best-selling 300ml aluminum cans to 330ml cans by sourcing from alternative suppliers and raised prices accordingly. The move reflects broader supply chain pressures affecting multinational corporations in major consumer markets.

The Nasdaq 100 index fell 1.2% today (July 24). U.S. semiconductor and storage stocks were hit harder, with the storage chip index down over 6.4%. Major storage component stocks declined significantly, including SanDisk down 9.4%, Micron down 6.6%, Western Digital down 5.8%, and Seagate Technology down 4.9%. The Philadelphia Semiconductor Index fell 4.1%, with chip design and equipment companies leading losses. Credo Technology dropped 10%, Astera Labs fell 9.3%, Coherent down 8.8%, and Marvell

According to IBTimes US, US spot Bitcoin ETFs recorded their best seven-day stretch in 11 weeks through July 22, posting nearly $1 billion in combined inflows. BlackRock's IBIT led with $319.16 million of the $499.05 million added this week alone. However, yesterday's session reversed sharply with roughly $225 million in outflows, snapping the rally streak. The entire seven-day recovery recouped just 15% of June's $4.7 billion exodus, the largest monthly outflow since Bitcoin ETF products launch

According to Binance on July 24, 2026, Across Protocol (ACX), Lisk (LSK), and Stacks (STX) tokens have been added to the exchange's Monitoring Tag system. The tag is used to mark assets with higher volatility and risk compared to other listed tokens. Projects with this designation are subject to regular review and may face delisting if they fail to meet the exchange's listing criteria.

According to Ars Technica, Skyroot Aerospace's Vikram-1 rocket, India's first fully commercial satellite launcher, successfully reached orbit on Saturday following its debut flight from Sriharikota Island in the Bay of Bengal. The rocket achieved an orbit approximately 280 miles (450 kilometers) high at a 60-degree inclination to the equator, closely matching preflight predictions. Vikram-1 stands 72 feet (22 meters) tall with the capability to deliver payloads of up to 350 kilograms to low-Eart

Iran's Foreign Minister Abbas Araghchi stated on July 24 that the problem between Iran and the United States is not a lack of mediators, but rather stems from U.S. policy and actions, according to remarks made during an interview.

According to IRNA, Oman's delegation has arrived in Iran's capital Tehran to discuss issues related to the Strait of Hormuz, a critical shipping chokepoint in the Persian Gulf.

On Friday, July 24, Dubai Financial Market (DFM) index closed down 0.21% at 5,786.97 points, declining 0.46% for the week with an overall M-shaped trend. Abu Dhabi Securities Market (ADX) index fell 0.13% to 9,828.14 points, up 0.48% for the week and continuing to trend higher.

According to BlockBeats, on July 24, the 30-day correlation between major U.S. capital expenditure companies and the semiconductor index (SOX) dropped to near zero, the lowest in at least 4.5 years, declining sharply from +0.78 in April and well below the +0.60 average since 2022. Since early June, semiconductor stocks have risen while AI infrastructure spending giants have declined, signaling investors no longer view chip manufacturers and hyperscalers as a single trade.

According to Bitcoin.com News, Poolin Technology filed for Chapter 11 bankruptcy protection on July 22, 2026, in the U.S. Bankruptcy Court for the District of New Jersey. The Singapore-based Bitcoin mining pool operator carries approximately $173 million in total debt, including $163.7 million in unsecured promissory notes owed to roughly 11,700 wallet holders whose funds remain frozen since the company suspended withdrawals during the 2022 cryptocurrency market downturn. As part of the court-su

According to CoinDesk, LMAX Group is working with Morgan Stanley and KBW, the investment banking arm of Stifel, to evaluate strategic options including a sale, SPAC merger, or listings in the U.S. or Europe, with a potential valuation reaching $5 billion, as reported on July 24. Sources said Nasdaq listing is currently the preferred approach, though the company is not rushing to proceed, with its core foreign exchange business helping to offset current crypto market weakness.

Hang Seng Index July futures traded softly as of late evening around 10:32 PM on July 24, hitting 24953 points with a decline of 13 points, or 0.05%, trading at a 10-point discount to spot. Meanwhile, the Hang Seng China Enterprises Index futures reported 8268 points, down 3 points or 0.04%, at a 3-point discount.

According to Yonhap, on July 24, the U.S. dollar declined 0.023 points to 101.414 as oil prices rebounded amid escalating U.S.-Iran military tensions. The Iranian Islamic Revolutionary Guard Corps (IRGC) and Iran's regular military announced strikes on U.S. bases in Kuwait and Bahrain, extending the conflict to its 14th day. West Texas Intermediate crude for September delivery, which fell to $88.75 per barrel, recovered toward $90 as traders assessed supply risks. The euro retreated to 1.13771 a

According to a voluntary licensing agreement with Merck & Co.'s MSD division, Aspen Pharmacare has gained rights to develop, manufacture, and sell alimatravir, a once-monthly oral HIV prevention drug, for 129 countries including all African nations. Aspen is one of seven manufacturers participating in the agreement. If ongoing final pre-approval trials succeed, the drug will be produced for the eligible markets, positioning South Africa as a leader in global HIV prevention efforts.

On Friday (July 24), Nvidia CEO Jensen Huang made his first-ever X post to promote a joint industry letter defending open-weight AI models. The letter, signed by approximately 20 organizations including Meta, Microsoft, IBM, and Palantir, argues that restricting open-weight AI would weaken rather than strengthen U.S. leadership in artificial intelligence. Notably, OpenAI and Anthropic, which have been vocal about Chinese AI model risks in Washington, did not sign the letter.

According to BlockBeats, Coinbase underwent significant executive changes on July 24, with Chief Talent Officer Lawrence Brock stepping down to take an advisory role and Greg Tusar, co-head of institutional division, transitioning to a policy position. The company is accelerating a strategic pivot toward a multi-asset trading platform including equities and prediction markets, according to The Information, following a 14% workforce reduction in May.

According to CCTV, Kuwait's air defense systems responded to drone attacks on the afternoon of July 24. The country's armed forces issued an official statement confirming the ongoing defensive operations.

According to DefiLlama data, Gate launched stock copy trading across 12,500 instruments on July 24, announced a strategic partnership with BitGo for US custody, and recorded $372.51 million in net inflows over the past seven days, ranking first among all centralized exchanges. The stock copy trading feature covers US, Hong Kong, and Korean stocks plus ETFs, allowing users to mirror lead traders' positions in real-time with fractional share trading from as little as 0.01 shares. Gate US's partner