Gate Crypto Flash News and Market Updates

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."

According to Iran's state news agency on July 24, an Omani diplomatic delegation arrived in Tehran to hold talks on Strait of Hormuz management. The visit aims to establish appropriate mechanisms for maritime traffic management in the strategic waterway. Iranian Foreign Minister Araghchi held a phone call with Omani Foreign Minister Badr the same evening to discuss regional developments, shipping security in the Strait of Hormuz and Persian Gulf, according to Iranian media.

According to the Federal Reserve, U.S. bank deposits reached $19.466 trillion last week, up from $19.362 trillion the previous week, representing a weekly increase of approximately $104 billion.

According to CCTV, Peru and Venezuela on July 24 announced the launch of a process to gradually restore bilateral relations. The two countries issued a joint communique deciding to first restore consular relations to ensure citizens residing in each country can access consular protection and services. Peru had severed diplomatic ties with Venezuela in July 2024 following disputed presidential election results in Venezuela.

According to Iranian media Fars News and Houthi-affiliated Al Masirah TV, Saudi Arabia conducted airstrikes on Hodeidah port in Yemen on July 25. The strikes were confirmed by both sources independently. Earlier, the Saudi Press Agency reported that the Saudi vessel NCC MASA was attacked in the Red Sea, sustaining minor damage.

According to CCTV, residents of Hodeida, Yemen reported multiple loud explosions in the city on July 24.

According to CNBC, credit spreads on Alphabet, Amazon, and Meta widened this week as fixed-income investors demanded higher compensation to lend to companies with heavy AI capital spending plans. The move came after Alphabet raised its capex forecast, raising concerns that other hyperscalers could follow suit. Rising energy costs are a major driver of the capex surge, as companies build large data centers across the U.S. Oil prices broke above $100 a barrel this week. Oracle's 5-year credit defa

On Friday, July 24, U.S. sector ETFs showed mixed performance. The global aviation ETF rose 2.66%, while technology sector ETFs declined sharply, with the global tech stock index ETF down 1.69% and the semiconductor ETF down 3.27%. Year-to-date, the semiconductor ETF leads with a 55.83% gain, while the energy sector ETF is up 35.19%.

According to Bloomberg, the Bloomberg EV Price Return Index fell 2.46% to 3,230.43 points on Friday, July 24, with significant declines throughout Asia-Pacific early trading. The index declined 2.27% for the week, following a pullback from its weekly peak of 3,313 points reached on July 23 at 14:30 Beijing time.

iShares Software ETF posted its best single day in two weeks today, gaining 1%.

According to Jin10, U.S. stock markets closed with mixed results on Friday, July 25. The Dow Jones gained 0.45%, the S&P 500 rose 0.05%, while the Nasdaq declined 0.64%. Memory and semiconductor stocks weakened significantly, with SanDisk (SNDK.O) falling 10.79%, SK Hynix (SKHY.O) dropping 8.81%, and Micron Technology (MU.O) down 6.99%. The Philadelphia Semiconductor Index declined 4.25%, and Intel (INTC.O) fell 7.89%.

Tenet Healthcare Corp. (THC) surged 17% on July 24, marking its largest single-day gain since February 11, 2026.

According to Yonhap Infomax, on July 24, President Trump announced plans to impose significant tariffs on the European Union in response to penalties imposed on major U.S. technology companies. Trump stated on Truth Social that the EU had imposed $15 billion in fines on Apple, $3 billion on Meta, $2.5 billion on Amazon, and an additional $1 billion on Google, bringing Google's total EU penalties to over $18 billion. Trump warned that these practices would "no longer continue" under his administr

This week, the S&P 500 declined approximately 0.6%, the Dow Jones fell 0.4%, and the Nasdaq Composite dropped 2.2%. The Magnificent Seven tech index declined 3.4%, while the semiconductor index gained 0.8%. Among Nasdaq 100 components, several semiconductor and AI-related stocks recorded notable losses, including Nebius Group down 13.2%, CoreWeave down 11.6%, and Arm Holdings and Intel each declining at least 7.9%.

This week, U.S. equity markets declined across major benchmarks. The S&P 500 fell roughly 0.6%, the Dow Jones Industrial Average declined 0.4%, and the Nasdaq 100 was down 1.2%. The Magnificent 7 index, which tracks the largest technology stocks, fell 3.4%, while the semiconductor index gained 0.8%.

Trump stated he had not spoken with Energy Secretary Wright before signing the Saudi nuclear agreement, according to his latest statement.

This week, USD/JPY declined 0.89% to close at 163.85 yen on Friday (July 24), trading within a range of 162.22-163.99 yen. EUR/JPY gained 0.26% to 186.29 yen, while GBP/JPY fell 0.10% to 218.27 yen for the week.

According to Cardano founder Charles Hoskinson in an interview Friday, Bitcoin could lose its position as the world's largest cryptocurrency if its governance structure proves unable to coordinate responses to quantum computing threats. With Bitcoin valued at roughly $1.3 trillion, Hoskinson argued that Bitcoin's inflexibility makes upgrades difficult. "If Bitcoin's governance is such that it's impossible to actually make meaningful progress, I don't think Bitcoin's going to stay the number one

According to CNBC Investing Club, Alphabet raised its 2026 capital expenditure guidance by $15 billion at the midpoint to a range of $190 billion to $205 billion on Wednesday evening, signaling continued heavy investment in artificial intelligence infrastructure. The company's second-quarter free cash flow turned negative for the first time in its history, posting outflows of $5.8 billion. Alphabet shares fell 7% on Thursday following the earnings announcement and were down nearly 8% over the pa

According to Jin10, U.S. President Donald Trump stated on July 24 that he has prepared to take higher-level military actions against Iran.