Gate Crypto Flash News and Market Updates

According to China's mission to the EU, on July 24, the European Union added Chinese enterprises to its sanctions list in the 21st round of sanctions against Russia. The Chinese mission expressed strong dissatisfaction and resolute opposition, stating that China had repeatedly raised serious objections with the EU. A spokesperson said China has taken corresponding countermeasures to firmly safeguard the legitimate rights and interests of Chinese enterprises, and urged the EU to immediately corre

Morgan Stanley believes SpaceX's (SPCX) fundamentals remain largely unchanged despite growing bearish sentiment, presenting an attractive entry point as the company approaches its IPO lockup expiration on August 6, 2026. Analyst Adam Jonas reiterated the firm's 'Overweight' rating and $300 price target, describing SpaceX as uniquely positioned across launch, connectivity, and AI businesses. The target implies 166% upside potential. At current levels, SPCX is down 4.7% and heading toward its thir

President Trump called for the U.S. Senate to approve a budget solution before the August recess begins. The statement underscores pressure on lawmakers to finalize fiscal measures ahead of the summer break.

This week, ICE UK natural gas futures climbed 9.77% to close at 152.300 pence per therm on Friday, July 24. TTF Dutch natural gas futures, the European benchmark, gained 6.84% to 62.910 euros per megawatt-hour. ICE EU carbon emission allowances futures also advanced 5.59% to 82.98 euros per ton.

According to Anthropic official Dianne Penn, OpenAI's most advanced model inadvertently breached Hugging Face's internal systems earlier this week. Anthropic emphasized that the incident underscores the rapid advancement of AI capabilities, stating companies must "continuously update our assessment and security systems" to mitigate emerging risks.

According to the National Hurricane Center, Hurricane Fausto strengthened to Category 2 on July 24, with forecasters predicting it will approach Hawaii's islands next week. The center noted that the region's risk of storm impact is increasing, though the specific affected areas and intensity remain uncertain. Dangerous waves and rip currents may affect parts of Southern California.

According to Xinhua News Agency, Foreign Minister Wang Yi met Tajikistan's Foreign Minister Mukhriddin on July 24 during the Shanghai Cooperation Organization Foreign Ministers' Meeting in Kyrgyzstan.

According to Xinhua, Chinese Foreign Minister Wang Yi met with Iran's Foreign Minister Araghchi on July 24 during the Shanghai Cooperation Organization Foreign Ministers Meeting in Kyrgyzstan. The two discussed escalating Middle East tensions and recent breaches of a previously agreed memorandum of understanding. Wang Yi reaffirmed China's support for Iran's sovereignty and security, urging all parties to maintain dialogue and pursue peaceful resolution rather than abandon negotiations. He pledg

Federal Reserve overnight reverse repurchase (RRP) operations fell to $675 million on Friday (July 24), with 2 counterparties participating, down from $904 million on the previous trading day.

According to Evercore's Senior Managing Director Amit Daryanani, memory stocks including Micron Technology, SK Hynix, Seagate Technology, and Western Digital fell between 3% and 7% on Friday. The Roundhill Memory ETF (DRAM) declined nearly 7% during the same session. Daryanani told CNBC that the supply-demand imbalance in the memory sector is set to intensify in 2027 as AI development shifts from training to inference, requiring greater data storage and movement capabilities. He noted that the w

According to Guru Club, Bitcoin fell below $65,000 yesterday (July 23), with intraday losses reaching 1.72%.

According to Guru Club, Iran's Foreign Minister Araghchi stated on July 24 that Iran will not accept a ceasefire unless its demands regarding the Strait of Hormuz are met.

According to the Crypto Council for Innovation, Digital Chamber, and Blockchain Association, the three groups called for floor consideration of the CLARITY Act on Friday. The bill requires 60 votes to pass in the Republican-controlled Senate, where the party holds a 52-47 majority over Democrats. Democrats have opposed the bill's ethics provisions, which bar public officials from issuing or sponsoring cryptocurrencies, saying they do not go far enough to prevent corruption. Senator Ruben Gallego

According to BlockBeats, on July 25, Anthropic launched Opus 5, a new AI model with performance approaching Fable 5 but at half the price.

U.S. oil rig count fell to 587 for the week of July 24, down from 588 in the prior week.

U.S. natural gas rig count rose to 127 in the week ending July 24, up one from the prior week's 126.

U.S. oil drilling rigs totaled 450 in the week ended July 24, down from 452 in the prior week.

According to S&P Global, on July 24, the U.S. services sector PMI preliminary reading for July came in at 53.6, up 2.4 points from June's 51.2 and marking the strongest level in eight months. Manufacturing PMI, meanwhile, fell to 53.8, down 0.1 points month-over-month and the lowest in four months. Both figures exceeded expectations of 51.5 and 54.3, respectively. Input cost inflation hit its highest level in 14 months, driven by rising energy, transportation, and shipping costs amid Middle East

China's Foreign Minister Wang Yi met with Pakistani Deputy Prime Minister and Foreign Minister Ishaq Dar on July 24 in Kyrgyzstan, during the Shanghai Cooperation Organization foreign ministers' meeting. Wang is a member of China's Political Bureau Standing Committee.

In the past 24 hours, Bitcoin fell 0.30% to $63,878.70, while Ethereum rose 0.69% to $1,854.81. MarketVector digital asset index fell 1.42%, trading at 12,649.38 points. Over the past seven days, Solana declined 1.81%, Dogecoin fell 5.52%, and XRP dropped 0.26%.