Gate Crypto Flash News and Market Updates

According to Bitdeer's statement posted on X, the Nasdaq-listed Bitcoin mining firm produced 274.6 BTC during the week through July 24 and sold the same amount, resulting in zero net increase and maintaining a zero Bitcoin balance.

According to CNBC, SpaceX completed its 13th Starship test flight on July 24 at Starbase in Texas, marking the first launch following the company's initial public offering last month.

According to Hana Securities, South Korea's covered call ETF market reached 26.4 trillion won on July 25, expanding 30-fold since 2023 as surging market volatility drives investor demand for income-focused strategies. The market, which stood at only 800 billion won three years ago, now comprises 61 products spanning semiconductors and high-dividend stocks. The Korea Composite Stock Price Index (KOSPI) volatility index averaged above 80 in July, exceeding pandemic-era peaks, making covered call s

The Trump administration announced a new round of tariffs targeting 60 economies at rates between 10% and 12.5% on Friday (July 24), with additional measures expected to follow. The U.S. Trade Representative (USTR) is conducting an ongoing "excess capacity" investigation under Section 301 of the 1974 Trade Act, expected to result in further tariffs that will layer atop existing duties. On the same day, Trump threatened to launch a Section 301 investigation into the European Union over its large

According to Ukraine's General Staff, the country recorded 230 combat clashes in the past 24 hours.

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

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.

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.

According to Jin10, the Fukuoka branch of Japan's ruling Liberal Democratic Party (LDP) was reported on July 25 to have pressured prefecture assembly members holding the posts of assembly chair and vice chair to make political donations, with a former assembly chair revealing he was solicited for 20 million yen (approximately 83,000 CNY).

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

According to Guru Club, Hyundai Motor Group's Executive Chairman released an embodied artificial intelligence vision at the San Francisco AI Summit on July 25.

According to Indonesian media, a speedboat carrying 11 foreign tourists went missing on July 25 in waters near Gorontalo Province in eastern Sulawesi. Search and rescue teams have launched operations to locate the vessel.

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

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

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.

According to BlockBeats, Samsung Electronics and Broadcom signed a memorandum of understanding on July 25, establishing a five-year advanced memory chip manufacturing agreement valued at $200 billion. The deal covers the production of cutting-edge storage chips under the partnership.

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

According to Coinglass data reported by ChainCatcher, the Crypto Fear & Greed Index dropped to 26 on July 25, down 1 point from the previous day and now in panic territory. The 7-day average stands at 28, while the 30-day average is 22.

According to Newsis citing a Korean presidential advisor, South Korea is advancing collaboration with SK Telecom and Nvidia to build an AI data center equipped with 2 million GPUs.

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