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
05:01

Nvidia Partners with SK Group on $500+ Billion AI Plan on July 25

According to South Korea's presidential office, on July 25, Nvidia partnered with SK Group on a $500+ billion artificial intelligence initiative covering large-scale AI data center construction and next-generation memory technology development. Under the agreement, SK Group will supply $750 billion in high-performance semiconductors to Nvidia and other global tech firms, while Samsung Electronics will supply $200 billion in chips to Broadcom. SK Telecom plans to build a 2-gigawatt AI data center
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05:01

ECB Chief Economist States US Not Dominant Force in Global Trade on July 25

According to Jin10, on July 25, European Central Bank Chief Economist Philip Lane said the U.S. is not the dominant force in international trade. Lane stated that the European economy relies primarily on domestic demand, and while trade with the U.S. matters, it is "not the dominant issue." He noted that Europe trades globally, not only with the United States.
05:00

James Wynn Closes Part of SP500 Short Position for $45 Profit Amid $23.4M Historical Loss

According to Onchain Lens, trader James Wynn (0x507...edb6) closed 42.19 SP500 short contracts today, valued at approximately $312,600, for a profit of $45. Wynn opened approximately 80.44 SP500 short contracts worth roughly $599,000 yesterday and has continued to add to the position despite repeated liquidations. He currently holds 115.68 SP500 short contracts valued at approximately $857,600 with an unrealized loss of $192. His cumulative historical loss across all SP500 trading stands at $23.
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04:52

Nearly 200 Silicon Valley Startups Urge Trump Against Broad Ban on Chinese AI Models

According to Politico, nearly 200 Silicon Valley startups issued a joint letter to President Trump on July 25 urging the U.S. government to avoid broad restrictions on American access to Chinese artificial intelligence models. The startups, organized under a newly formed "Small Tech Association," warned that sweeping restrictions could stifle the next generation of American companies and hand competitors a monopolistic advantage. Many early-stage startups rely on lower-cost Chinese AI models to
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04:46

Chinese Regulators Crack Down on Cryptocurrency Promotion and Illegal Securities Accounts on July 25

According to Shenzhen News Network, Chinese regulators including the People's Bank of China Shenzhen branch, China Securities Regulatory Commission Shenzhen office, and the Shenzhen Internet Information Office launched a joint enforcement action on July 25 to remove unauthorized social media accounts. The targeted accounts engaged in two types of violations: promoting virtual currency trading and investment schemes that induce public participation in illegal cryptocurrency activities, and conduc
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04:41

CLARITY Act Must Pass Senate Within Two Weeks Before August Recess, Grayscale Warns

According to Grayscale Investments, the U.S. CLARITY Act must clear the Senate within two weeks before the August recess, or it will likely be sidelined by midterm election politics. On July 22, Senator Cynthia Lummis released updated legislative text integrating proposals from the Senate Banking and Agriculture committees to clarify oversight division between the SEC and CFTC. Ethics restrictions covering public officials and their families remain the primary obstacle to bipartisan agreement. S
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04:37

Samsung, SK Hynix Agree to $9.5B Cooperation With Nvidia and Tech Giants on July 25

According to BlockBeats, on July 25, Samsung Electronics and SK Hynix reached an agreement with global tech giants including Nvidia to launch cooperation projects valued at $9.5 billion, as confirmed by South Korea's Presidential Chief Policy Officer Kim Yong-beom. SK will supply high-performance semiconductors worth $7.5 billion to global tech enterprises including Nvidia under the long-term deal.
04:37

Trump Jokes About Running for Fourth Term on July 24 at White House Event

According to BlockBeats, at the White House Correspondents Dinner on July 24, U.S. President Trump joked that he intended to run for a fourth presidential term, saying "I'm thrilled to announce my intentions—this is an exclusive scoop—I'm running for president of the United States for the fourth time, and I'll do it." Trump added that it "should be easy" since he was "getting better" at running for president. During the same segment, Trump repeated his claim that he "actually won the 2020 electi
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04:31

NVIDIA Raises GPU Memory Prices Across RTX Lineup; RTX 5070 Ti Jumps 15% in One Day

According to BenchLife, NVIDIA issued a price increase notice to downstream GPU manufacturers this week for its GPU package bundles, affecting both GDDR7 and GDDR6 memory chips across multiple RTX generations. The increases are driven by rising memory chip costs. Retail prices reflect the impact: a 16GB GDDR7 RTX 5070 Ti reached 10,745 yuan Friday afternoon from 9,299 yuan Thursday, marking a roughly 15% jump within 24 hours. An 8GB RTX 5050 surged over 40% in a single week, climbing from around
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04:25

Bitcoin Mining Pool Poolin Files for Chapter 11 Bankruptcy With $173.1M in Liabilities on July 22

According to BlockBeats, Poolin Technology Pte. Ltd. and its two U.S. subsidiaries, Lonestar Dream and Lonestar Taproot, filed for Chapter 11 bankruptcy protection on July 22 in New Jersey. Court documents show total liabilities of approximately $173.1 million against assets of less than $10 million, with creditors numbering between 10,000 and 25,000. The largest single debt, approximately $163.7 million, stems from claims by roughly 11,700 Poolin Wallet users. This obligation originated in Sept
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BTC-1.70%
04:23

Five Defendants Sentenced in 29.5 Billion Yuan Online Gambling Case Involving USDT Settlements

According to Caixin, an inner Mongolia intermediate court upheld a conviction against Ma and four co-defendants in a case involving illegal payment settlement for online gambling operations. From May 24, 2022 to October 18, 2023, the five defendants processed over 29.5 billion yuan in settlements through 105 merchant accounts across 10 third-party payment companies, collecting commissions and rebates in USDT and other virtual currencies alongside bank transfers. The court found Ma guilty of ille
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04:23

Houthis Claim Missile Strike on Saudi City Jizan on July 25

According to Jin10, Houthi militants claimed on July 25 to have struck Saudi Arabia's southern city of Jizan with missiles. Saudi Arabia's civil defense authority issued security alerts to residents in Jizan and the Red Sea coastal city of Yanbu, then announced the all-clear minutes later. The Houthi group previously announced on July 20 a maritime embargo against Saudi Arabia and warned international shipping companies that vessels engaged in trade with Saudi ports could face military action.
04:22

Intel Raises 2026 Capital Spending to Over $20B Following Strong Q2 Earnings

According to Goldman Sachs, Intel raised its 2026 capital expenditure guidance from approximately $17 billion to over $20 billion following better-than-expected second-quarter earnings, signaling a major investment cycle in advanced chip manufacturing and AI infrastructure. Intel reported Q2 revenue of $16.1 billion, up 25% year-over-year—marking the company's highest single-quarter growth in 15 years. Its Data Center and AI business delivered $6.26 billion in revenue, surging 59% annually. Gold
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