Gate Crypto Flash News and Market Updates

Amkor Technology announced a $1.5 billion multi-year agreement with Nvidia on Friday, sending shares up more than 10% in extended trading to $73.30. The deal covers advanced semiconductor packaging and testing for artificial intelligence and accelerated computing platforms. Nvidia will provide a $1.5 billion prepayment to fund Amkor's expansion of packaging and test operations at its Arizona campus to meet growing AI hardware demand. The arrangement includes coordinated technology development an

According to India's Cybercrime Coordination Centre under the Ministry of Home Affairs, the agency ordered the removal of three Bitchat repositories from GitHub. Bitchat, developed by Jack Dorsey, is a messaging app that transmits encrypted messages over Bluetooth mesh networks without requiring internet or accounts. The app has been used by protesters in Delhi to communicate during government-imposed internet blackouts.

U.S. equity index futures closed with mixed performance on Friday, July 24. The Dow Jones futures rose 0.38%, while the S&P 500 futures gained 0.02%. In contrast, Nasdaq-100 futures fell 1.08%, and Russell 2000 futures declined 0.17%.

On Friday (July 24), New York close (Saturday 04:59 Beijing time), the offshore yuan (CNH) strengthened to 6.7718 against the US dollar, gaining 57 points from Thursday's close. The pair traded within a range of 6.7789 to 6.7698 during the session. Throughout the week, offshore yuan pulled back, hitting a low of 6.7635 in the Asia-Pacific close on July 21.

According to Wall Street Journal, U.S. Agriculture Secretary Rollins announced today that the United States will resume importing beef from Mexico.

According to Korean Economic TV, South Korea's KOSPI index plunged over 30% within a month after surpassing 9,000. Foreign investors led the selloff, withdrawing net 160 trillion won from the domestic market this year.

On Friday (July 24), spot gold closed at $4,052.96 per ounce, rising 0.09% for the day and 0.89% on a weekly basis, with earlier intraday highs near $4,166.05 on July 21-22 followed by a significant pullback on July 23. Spot silver gained 1.08% to $58.2223 per ounce, up 3.99% weekly after peaking at $60.9270 on July 22. COMEX copper futures rose 1.17% to $6.3365 per pound this week, having climbed from July 20-21 with earlier highs around $6.5670. COMEX gold futures gained 0.95% to $4,056.90 per

On Friday, Nvidia, Microsoft, Meta Platforms, IBM, and approximately 24 other technology companies and industry organizations jointly submitted an open letter to the U.S. Congress calling for protections against premature or overly broad restrictions on open source AI models. Nvidia CEO Jensen Huang led the effort, warning that excessive regulations could stifle competition and drive AI innovation overseas. The signatories argue that open source models enable broader security research and reduce

Vitol paid $5.9 billion to traders in 2025 as the energy trading company's annual profits fell by half compared to the previous year. The substantial bonus payout reflects the company's strong trading performance despite the overall decline in profitability.

According to MSCI, the developing markets stock index fell 2.6% on Friday, July 25, marking its largest single-day decline in the past month. Meanwhile, the MSCI emerging markets currency index declined 0.1% but remained in a four-week winning streak, its longest consecutive stretch since early January.

The MSCI emerging market foreign exchange index declined 0.1% on Friday, extending a four-week winning streak—the longest rally since early January. The MSCI developing markets stock index fell 2.6%, marking its largest single-day loss in the past month.

HLG Genomics, which listed on KOSDAQ on Thursday (July 24), fell 31% on its debut day. The company raised over 4 trillion Korean won in subscription deposits during its IPO, though institutional investors showed limited commitment to long-term holding. According to market data, 82% of companies that went public in the past three months are currently trading below their offer prices.

According to Science Corp., the company received approval to sell its PRIMA retinal implant system in the European Union, marking the first large-scale market launch of a brain-computer interface device by a U.S. BCI company. The photovoltaic retinal implant is designed to help patients with geographic atrophy (GA) restore partial vision. The system works with specialized glasses that project near-infrared light onto the implant, converting it into electrical stimulation signals. The technology

According to Matthew Sigel, head of digital asset research at VanEck, corporate Bitcoin treasuries financed through convertible bonds and loans may create selling pressure when obligations mature. In February, Bitdeer withdrew 943.1 BTC from its reserves to fund AI data center investments. In May, Strategy sold 32 BTC to cover dividend payments, with STRC shares subsequently trading 15% below face value. JPMorgan flagged this trend as a two-pronged risk to Bitcoin markets, particularly given Onr

According to CNBC, Paramount Skydance agreed on Friday to delay its Warner Bros. Discovery acquisition to as late as June 2027 amid an antitrust lawsuit filed by state attorneys general. Under the agreement, Paramount will pay a "ticking fee" of 25 cents per share per quarter starting September 30, potentially adding over $1 billion to the $110 billion deal price. A judge issued a temporary restraining order earlier this week as the merger faces legal challenges over competition concerns. The U.

According to S&P Global's flash Purchasing Managers Index data released Friday, the U.S. Composite PMI rose to 53.6 in July from 51.9 in June, reaching an eight-month high. The Services PMI climbed to 53.6 from 51.2, while the Manufacturing PMI slipped to 53.8 from 53.9, though business confidence reached an eight-month high. Spot gold last traded at $4,058.10 an ounce, up 0.23% on the day, showing little reaction to the mixed economic data. Chris Williamson, Chief Business Economist at S&P Glob

The Nasdaq Golden Dragon China Index fell 0.66% this week to close at 6,104.64 points, extending losses with a cumulative weekly decline of 2.80%. Among top Chinese-listed stocks, Lite-On Semiconductor dropped 6.8%, while NIO and XPeng fell over 3%. Tencent gained 0.4% and Meituan rose 1%. China-focused ETFs showed mixed performance: Xtrackers Harvest CSI 500 (ASHS) fell 1.94%, the Deutsche Bank Xtrackers Hang Seng China Enterprise ETF (ASHR) declined 1.21%, China Technology ETF (CQQQ) lost 1.03

According to Bloomberg, Patrick McHenry, former House Financial Services Committee chairman, said the CLARITY Act's passage is "a question of when, not if." McHenry, who shepherded the bill through the House in 2025, made the statement in a recent interview. The Senate Banking Committee advanced the Digital Asset Market CLARITY Act 15-9 on May 14, with bipartisan support. However, Senate Majority Leader John Thune said this week the bill is likely to miss its window before the August recess, tho

According to Saudi Press Agency (SPA), Saudi vessels came under attack while navigating the Red Sea on Friday.

Tesla stock tumbled 18% this week, marking its worst single-week decline since 2022, while SpaceX shares fell approximately 7% to $115.07, the lowest closing price since its U.S. IPO last month. The combined sell-off wiped roughly $130 billion from Elon Musk's personal wealth. Musk posted on X Friday: "(Former) trillionaire."