Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
10:23

Eurozone Services PMI Rebounds to 51.6 in July, Highest in Five Months

According to S&P Global, Eurozone's services sector purchasing managers' index (PMI) reached 51.6 in July, up significantly from June's 49.4 and marking the highest level in five months. Manufacturing PMI improved to 52.0 from 51.4 in June, while the composite PMI hit 51.9 on July 24. Chris Williamson, chief business economist at S&P Global Market Intelligence, stated that the July figures suggest quarterly GDP growth at a steady pace of 0.3%. However, he cautioned that geopolitical instability
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10:22

Bitget's rToken Shows 58% Lower Slippage on $50K Orders vs Other Tokenized Stock Platforms

According to a CryptoRank research report, Bitget's rToken delivered the lowest slippage on both $10,000 and $50,000 order tests when trading tokenized stocks of Nvidia, Microsoft, Meta, and Tesla. The $50,000 order showed 58% lower slippage compared to other tokenized stock products. CryptoRank attributed the advantage to Bitget rToken's 1:1 alignment with traditional market liquidity from NYSE and Nasdaq, enabling more efficient large trade execution. The broader tokenized stock market on-chai
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10:22

India Orders GitHub to Remove Bitchat Repositories Within 3 Hours, Citing Law Enforcement Concerns

According to CoinDesk, India's Cyber Crime Coordination Centre, under the Ministry of Internal Affairs, issued an order to GitHub on July 24 requiring removal of three code repositories related to Bitchat—a Bitcoin-enabled offline messaging app developed by Twitter founder and Block CEO Jack Dorsey—within 3 hours. The notice states the application's anonymous communication architecture, which requires no registration or phone number and maintains no centralized logs, severely impedes law enforce
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BTC-0.80%
10:22

Hashdex Nasdaq CME Crypto Index ETF Completes Trust Amendment, Approved for Staking via Coinbase Cloud

According to Hashdex's SEC filing, the Hashdex Nasdaq CME Crypto Index ETF (ticker: NCIQ) completed a trust amendment on July 23, enabling the fund to conduct staking activities on its held crypto assets, with Coinbase Cloud as the initial staking provider. Under the revenue-sharing arrangement, staking net income equivalent to 25 basis points (annualized) on common shares' net asset value flows entirely to the Sponsor; amounts exceeding this threshold are split 40% to Sponsor and 60% to common
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10:15

Eurozone Private Sector Activity Hits 5-Month High at 51.9 PMI in July, Exceeds Forecast

According to S&P Global, Eurozone private sector activity rose to 51.9 in July, exceeding the consensus forecast of 50.2 and marking the highest level in five months. The composite PMI broke above the 50 threshold—indicating expansion—for the first time since March. Germany's index unexpectedly surged above 50, ending three consecutive months of contraction, while France's index rose near the 50 level. However, S&P Global's chief economist Chris Williamson warned that geopolitical tensions, risi
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10:12

XRP Ledger's RWA Tokenization Value Grows Eight-Fold to $418M; Reaches 1.5M Users via LOBSTR Wallet Integration

According to Trensik, a platform focused on verified real-world assets (RWAs) on XRP Ledger, tokenized U.S. Treasuries on XRPL have grown from roughly $50 million to more than $418 million over the past year, an eightfold increase signaling rising institutional confidence in the network. XRPL's infrastructure enables institutions to issue, trade, and settle tokenized assets including U.S. Treasuries, real estate, private credit, and corporate bonds entirely on-chain with three-to-five-second set
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XRP-2.17%
10:09

South Korea Freezes Gasoline Price Cap at 1,784 Won Per Liter Amid Middle East Tensions

According to South Korea's Ministry of Trade, Industry and Energy, on July 24, the government froze the eighth-period maximum petroleum prices at their previous levels: 1,784 won per liter for gasoline, 1,773 won for diesel, and 1,380 won for kerosene. The decision, effective from July 25 for four weeks, reflects concerns over regional oil supply disruptions caused by escalating Middle East tensions and Houthi naval blockades in the Red Sea. International crude oil prices surged to $100 per barr
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10:07

Anduril Raises $100B Valuation in Ongoing Funding Talks on July 24

According to PANews, Anduril, a U.S. defense technology company, is in talks for funding at approximately $100 billion valuation as of today (July 24). No final decision has been made on future financing. The company may require investors to commit to a higher valuation for any subsequent funding round.
10:05

Bitcoin Profit Supply Rebounds to 57.5%, Nears 60% But Bull Market Confirmation Uncertain

According to CryptoQuant data cited by ChainCatcher, Bitcoin's supply in profit has risen to 57.5%, approaching the 60% level. This represents a significant recovery from a June 30 low of 46.2%. However, historical market cycles indicate two conditions must be met to confirm a new bull market: Bitcoin's profit supply must sustain above 64%, and the 30-day simple moving average of long-term holders' spent output profit ratio (LTH-SOPR) must remain consistently above 1. Currently, the LTH-SOPR met
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BTC-0.80%
10:05

OpenAI's GPT-5.6 Sol Achieves 59 Points Using Half the Tokens of Claude Fable 5

According to Artificial Analysis, OpenAI's GPT-5.6 Sol this month achieved a score of 59 on token efficiency benchmarks, consuming approximately 15,000 output tokens per task, compared to Claude Fable 5's 60 points with 33,000 tokens. Despite a per-million-token price of $30, GPT-5.6 Sol's average task cost reached only $1.04, approximately one-third that of Fable 5. The model continues to dominate the Pareto frontier—the efficiency boundary where no competing model can achieve equivalent perfor
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10:04

AT&T Raises $10B Buyback Plan 25%, Q2 Earnings Beat with 1M+ New Broadband Users

According to AT&T's Q2 2026 earnings report released on its earnings call, the telecom giant beat expectations with more than 1 million net additions of high-speed broadband subscribers in the quarter—the best single-quarter result in company history. Riding dual engines of fiber-optic and 5G expansion, AT&T significantly increased its full-year share buyback program by 25% to a total of $10 billion, citing the gap between market valuation and operational fundamentals. The company's convergence
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10:02

Germany's Manufacturing PMI Hits 52.2 in July, Reaches 4-Month High

According to S&P Global, Germany's manufacturing PMI preliminary reading stood at 52.2 on July 24, up from 50.3 in June and marking the highest level in four months. The services sector PMI came in at 49.6, up from 48.6 in the prior month, though still below the 50-point expansion threshold. The composite PMI reached 51.2, also the strongest reading in four months.
09:58

South Korea's Regulatory Committee Recommends Easing Virtual Asset Operator Qualification Standards on July 24

According to Yonhap Infomax, on July 24, South Korea's Presidential Regulatory Reform Committee recommended adding exceptions to virtual asset operator qualification standards, potentially clearing a regulatory hurdle for Naver's acquisition of Dunamu. The committee determined that automatically rejecting virtual asset operator applications based on past economic law violations—even minor ones—constitutes excessive restriction beyond regulatory intent. Naver previously faced a first-instance cou
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09:56

Northbound Capital Sees Net Selling of HK$1.518 Billion on July 24, Alibaba Hit Hardest

According to Zhitong Finance, on July 24, Northbound capital recorded net selling of HK$1.518 billion, with Shanghai-Hong Kong Stock Connect net selling HK$551 million and Shenzhen-Hong Kong Stock Connect net selling HK$967 million. Alibaba-W (09988) faced the heaviest selling pressure, with net selling of HK$3.207 billion, followed by Tencent (00700) with net selling of HK$496 million and Kingboard Copper Foil Electronics (01888) with HK$692 million. On the buying side, Huahong Semiconductor (0
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