Gate Crypto Flash News and Market Updates

According to Jin10, China Man Petroleum's stock surged with cumulative gains exceeding 20% on July 22-23, driven by operational impacts from Middle East geopolitical conflict. The company announced that 9 of its 14 drilling rig crews deployed in Iraq remain suspended due to the regional tensions, affecting the wellbore engineering segment. Additionally, crude oil sales from the company's Wenshu oilfield declined compared to the prior year. All other business operations remain normal.

According to research by the London School of Economics' Grantham Institute and the Euro-Mediterranean Climate Change Center, the June heatwave that swept Western and Central Europe reduced working hours and cost the UK economy £1.15 billion (approximately $1.5 billion). The survey of 1,950 UK adults found that high temperatures impacted work hours, workplace conditions, commuting, and sleep quality. During the week of June 22, average working time decreased by roughly 30 minutes per person. The

According to Beating, Tencent Hunyuan multimodal understanding lead Hu Han has resigned to start a venture. Former OpenAI researcher Tian Yonglong will take over visual language model (VLM) research, continuing to report to Yao Shunyu. Hu Han joined Tencent from Microsoft Research Asia in early 2025.

The onshore yuan closed at 6.7706 against the US dollar at 4:30 p.m. Beijing time on July 23, up 34 points from the previous trading day's official close and 44 points from the prior evening session close.

According to an official announcement on July 23, 2026, BitMEX will permanently cease operations on September 23, 2026. The decision was made by HDR Global Trading Limited, the exchange's owner. Users are advised to close all open positions and withdraw funds before the shutdown date, with roughly two months to complete the transition. BitMEX assured users that assets remain fully safe and under their control during this period. The platform operated for 11 years without any customer funds lost

According to blockchain security firm Blockaid, the Verus-Ethereum Bridge was exploited on Wednesday, with attackers draining approximately $7.54 million in crypto assets through the same vulnerability class used in the protocol's May breach. The attacker abused the bridge's import path to trigger unbacked Ethereum-side payouts, siphoning ETH, tBTC, USDC, USDT, EURC, MKR, and scrvUSD before converting stolen assets into 3,916.1 ETH and depositing proceeds into Tornado Cash. Security firm CertiK

According to foreign media, the Dutch court in The Hague on July 23 rejected Halozyme Therapeutics' request for a temporary injunction to ban Keytruda Curcix sales in Denmark and Sweden. Keytruda Curcix is a product developed by U.S. Merck (MSD) using Alteogen's subcutaneous formulation technology, ALT-B4. The rejection marks another victory for MSD in its escalating patent disputes with Halozyme. In May, the U.S. Patent Trial and Appeal Board invalidated Halozyme's patent related to its subcuta

According to Guru Club, Beijing's development authorities announced policy measures on July 23 to accelerate smart agent-led innovation and foster a new intelligent economy. The city will encourage Token economy development and cultivate new business models including Token-as-a-Service (TaaS), Agent-as-a-Service (AaaS), and Result-as-a-Service (RaaS). Eligible Token products and services will be integrated into small and medium enterprise service voucher programs. The government will expand comp

According to Iran's PressTV, Iranian military has strengthened its combat capability during the ceasefire period, increasing preparedness for various enemy scenarios and developing new operational plans.

According to Bloomberg, Asian hedge funds experienced sharp declines in July amid a broader market selloff, reversing strong first-half gains. WT China Fund fell 17% by July 17, down from a 120% surge in the first six months. Keystone Investors Pte's hedge fund declined 12% in the same period after surging 63% in H1. FengHe Asia, CloudAlpha Capital Management, and Indus Capital Partners also recorded losses.

According to Press TV, Iran's military spokesperson said on July 23 the armed forces have prepared a new response plan and will continue retaliatory actions if the United States persists in attacking Iranian infrastructure and coastal regions.

According to Goldman Sachs' July 20 Top of Mind report, U.S. IPO financing exceeded $125 billion in 2026, breaking the full-year 2021 record, with annual projections potentially surpassing $200 billion. However, IPO volumes remain modest at approximately 60 deals, significantly below the 400 deals in 1999 and 250 deals in 2021 during bubble periods, driven primarily by mega-cap tech companies. Chief U.S. equity strategist Snider noted that late-cycle warning signals have not yet emerged, with ho

According to Maeil Business Newspaper, Kolong Tissue Gene fell limit-down for three consecutive days on July 23, dropping 29.95% to 21,050 Korean won. The stock has plummeted 85.87% from its 52-week high of 149,000 won recorded on May 12, following the failure of its TG-C cell gene therapy for osteoarthritis in U.S. Phase 3 trials announced on July 20. The Phase 3 analysis showed pain relief and joint function improvement at the 12-month mark based on WOMAC and VAS endpoints, but failed to achie

According to the securities industry, major South Korean brokerage firms are broadening access to testamentary trust products by simplifying contract structures and lowering entry barriers. Following market entries by large brokerages last year, firms are now expanding customized inheritance planning services from ultra-high-net-worth clients to a wider customer segment. Shinhan Investment Securities recently launched a new version of such products as part of this push.

According to Gene Munster, Managing Partner at Deepwater Asset Management, merger odds between Tesla and SpaceX rose to 90% on July 23, up from 80% prior to Tesla's Q2 earnings call. TSLA shares fell 5% premarket while SPCX rose over 1%. Munster said Tesla's willingness to discuss merger possibilities during the earnings call was notable, particularly as Elon Musk elaborated on operational overlaps between the two companies, including Starlink, Grok, and Terafab initiatives. Musk stated that Sta

According to ChainCatcher, Gate's gStocks platform expanded global equity trading recently, with industrial machinery stocks showing relative resilience amid broader market headwinds. ARM/USDT (ARM Holdings) was quoted at $284.29, down 1.13% in 24 hours, while Caterpillar/USDT (CAT) reported $892.11, up 0.16%, and General Electric/USDT (GE) traded at $341.55, down 0.61%. Caterpillar showed modest strength, while ARM and GE retreated, reflecting a mixed trading pattern across the sector.

According to CoinGlass' H1 2026 market report cited by ChainCatcher, TradFi perpetual futures volume across major exchanges totaled approximately $1.2 trillion in the first half of 2026, with June accounting for 33.7% of the volume. Market share is concentrated among top CEX platforms: Binance led with $666.3 billion, followed by OKX at $117.7 billion and Bitget at $66.4 billion.

According to Guru Club, economist Liu Yuhui warned on July 23 that the AI industry faces a structural imbalance: semiconductor producers enjoy soaring margins while downstream cloud giants are burning through cash. China's competitive advantage lies in superior industrial capacity and engineering optimization, positioning it to dominate AI competition by reducing token costs and democratizing technology access. Liu emphasized two core principles for navigating market volatility: China's policy p

According to Reuters and WSJ, Lockheed Martin announced the mass production plan for PAC-3 ACE, a low-cost Patriot air defense missile, on July 20 at the Farnborough Air Show. The new missile will be priced at less than half of the existing PAC-3 MSE model, which costs approximately $4 million per unit. Lockheed Martin stated that the PAC-3 ACE can intercept cruise missiles, short-range, and medium-range ballistic missiles, and will be fully compatible with existing PAC-3 fire control systems. I

According to Bloomberg, Galaxy Digital seeks $3.5 billion in debt financing for its Helios data center complex in Dickens County, Texas, with pricing expected on Thursday. The company plans to issue bonds at approximately 9% yield, with Morgan Stanley and Goldman Sachs serving as lead underwriters. This marks Galaxy Digital's first high-yield bond offering. Under a 15-year lease agreement with CoreWeave, the facility is projected to generate over $1 billion in annual revenue.