Gate Crypto Flash News and Market Updates

Intel reported Q2 revenue of $16.13 billion today, exceeding analyst expectations of $14.43 billion. The company's data center and artificial intelligence segment generated $6.26 billion in revenue, surpassing projections of $5.54 billion. Adjusted earnings per share reached $0.42, significantly above the expected $0.21. For Q3, Intel guided revenue between $15.8 billion and $16.8 billion. Intel's stock rose 9% in after-hours trading following the announcement.

SAP reported second-quarter non-IFRS cloud revenue of 6.28 billion euros, exceeding analyst expectations of 6.26 billion euros.

On July 23, the foreign ministries of Jordan, United Arab Emirates, Indonesia, Pakistan, Turkey, Saudi Arabia, Qatar, and Egypt issued a joint statement strongly condemning Israel's escalatory actions at Al-Aqsa Mosque. According to the statement, Israeli authorities allowed settlers accompanied by a far-right minister to enter the mosque under police protection, where they raised Israeli flags and set up police tents. The eight countries stated these actions violate international law and UN res

According to Jin10, U.S. stock indices closed lower on July 23. The Dow Jones fell 0.97%, the S&P 500 dropped 1.2%, and the Nasdaq declined 2.15%. Among major stocks, Tesla (TSLA) plunged 14.5%, while Micron Technology (MU) rose 3% and SK Hynix (SKHY) gained 2.5%. The Nasdaq Golden Dragon China Index fell 0.57%, with Alibaba (BABA) down 2%.

US Reps. Ted Lieu (D-Calif.) and Nathaniel Moran (R-Texas) introduced the AI Kill Switch Act today (July 23), which would authorize the Department of Homeland Security to order the shutdown of AI systems that pose catastrophic risks. The bill would require AI developers to deploy technical capabilities enabling throttling or complete system shutdown upon government order. Violations could result in fines up to $20 million per day. The proposal was triggered by recent incidents, including OpenAI'

The Nasdaq Golden Dragon China Index fell 0.6% at close today. Among popular Chinese stocks, Powertech Technology declined 2.8%, Alibaba dropped 2.1%, and NetEase fell 0.8%, while Meituan gained 2.4% and Xiaoma Smart gained 7.5%. In related ETFs, CQQQ declined 2.2% and KWEB fell 0.6%.

According to Odaily, crypto derivatives exchange BitMEX announced its closure with trading to end on September 23. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, the exchange's parent company HDR Global Trading made the decision following a strategic review. BitMEX historically pioneered perpetual contracts as a key product in digital asset derivatives trading. CryptoQuant data shows BitMEX's Bitcoin futures daily trading volume declined from its 2020 peak of $1–5 billion to signifi

According to Bloomberg, Alphabet Inc.'s stake in AI startup Anthropic was valued at approximately $124.3 billion as of June 30. The Google parent company disclosed the valuation in a filing on Thursday, noting that the value of its unnamed private company investments was driven "primarily" by this single investment. The specific details of Alphabet's Anthropic holding were confirmed by sources familiar with the matter.

Iran's Foreign Ministry Spokesperson called on Gulf Cooperation Council member states to provide clarification regarding their involvement in military actions against Iran, according to an official statement released today.

According to research from the National Cryptocurrency Association (NCA) released Wednesday, the crypto industry is estimated to contribute $55 billion to the US economy in 2026 through salaries, worker spending and output. The study found that about 34,000 people are directly employed by crypto companies in the US, supporting approximately 232,000 jobs across the entire economy. Texas, Washington, North Carolina, California and New York employed the most people in the industry, while Colorado w

On Thursday, July 23, non-dollar currencies declined broadly following the European Central Bank's decision. The South African rand fell 2.66% against the U.S. dollar, the steepest decline among major currency pairs. The New Zealand dollar fell 0.82%, while the Mexican peso declined 0.77%. The euro dropped 0.32% to 1.1375, and sterling fell 0.45% to 1.3315. The Australian dollar retreated 0.48% against the greenback.

According to the U.S. Treasury, the 10-year Treasury Inflation-Protected Securities (TIPS) auction held on July 23 settled at a yield of 2.438%, up 26.9 basis points from May's 2.169% and marking the highest level since October 2008. The bid-to-cover ratio declined to 2.30 times from the previous auction's 2.52 times, falling below the three-meeting average of 2.46 times, indicating weaker-than-expected demand.

On Thursday (July 23), U.S. Treasury yields rose across the curve. The 2-year yield gained 5.35 basis points to 4.3512%, while the 10-year yield climbed 4.27 basis points to 4.6972%. The 30-year yield increased 2.21 basis points to 5.1669%. The 2/10-year spread narrowed by 1.072 basis points to 34.387 basis points.

According to Jin10, OPEC+ is likely to agree on August 2 to raise its September production target by approximately 188,000 barrels per day, the same increase pace as June, July, and August, despite Iranian conflict disruptions. Current OPEC+ output stands significantly below quota due to export constraints in Gulf member states. June production reached 36.28 million barrels per day, down from nearly 43 million barrels per day in February before the conflict. If the September target rises as expe

According to ICE, on Thursday July 23 (New York close), the ICE Dollar Index rose 0.33% to 101.458, approaching the June 24 high of 101.800. The index declined slightly during Asia-Pacific trading before surging to a daily high of 101.544. USD/JPY climbed 0.40% to 163.80, moving closer to peaks not seen since June 1986.

According to Yonhapinfomax, the USD/KRW exchange rate fell 5.2 won to 1,474.90 won in overnight trading on July 24 (Korea time), rebounding from intraday lows but remaining up 8.1 won from the previous session's close of 1,466.80 won. The currency movement was driven by strong U.S. labor market data: jobless claims fell to 187,000 for the week ended July 18, the lowest level since September 1969, supporting dollar strength. Oil prices surged amid escalating Middle East tensions, with Brent crude

According to Kuwait's military, air defense systems are intercepting Iranian adversarial unmanned aerial vehicles today.

According to S3 Partners, Tesla stock plunged 15% today, enabling short sellers to post an estimated $4.12 billion in single-day mark-to-market profits. S3 data shows approximately 3% of Tesla's shares are currently shorted.

According to CNBC interview on Thursday, IBM CEO Arvind Krishna claimed that only 2% of the company's software could be replaced by artificial intelligence applications, as he sought to reassure investors following disappointing second-quarter results. Krishna told CNBC's "Squawk on the Street" that the remainder of IBM's software helps clients prepare for AI by unlocking real-time data and reducing management complexity across hybrid infrastructure. However, IBM's Q2 performance contradicted th

According to Jin10, citing U.S. media reports from yesterday (July 22), Nvidia founder and CEO Jensen Huang stated in an interview that Chinese open-source AI models are excellent and the U.S. should not fear them. Huang defended Chinese large language models, arguing that high-quality open-source models should be used and dismissed misconceptions about DeepSeek and Kimi's impact. He explicitly opposed restricting or banning Chinese open-source models, believing the world needs both open-source