Gate Crypto Flash News and Market Updates

According to the U.S. Central Command, the U.S. naval blockade of Iran remains in full enforcement as of July 25. The operation has forced 12 merchant vessels attempting to break the blockade to alter their course, disabled the transit capabilities of 2 non-compliant ships, and conducted boarding inspections on 2 vessels to ensure full compliance.

According to U.S. Central Command, U.S. forces boarded the Charminar, a tanker flying the Comoros flag, in the Arabian Sea earlier today. The vessel has since resumed its voyage.

According to Yonhapnews, investors who bought KOSDAQ 150 ETFs four months ago are facing losses of nearly 40% as the index fell to levels last seen a year earlier. One salaried investor, who had invested in the ETF expecting gains from government market stimulus policies, noted the KOSDAQ's recent sharp decline had wiped out recent gains from earlier in the year.

According to financial data firm F&Guide, SK Hynix domestic shares fell over 28% through July 21 while the company's U.S.-listed American Depositary Receipts (ADR) surged, creating a price disparity of 51%. On July 14, the domestic stock closed at 1.91 million Korean won while ADR shares climbed 27.29% to $193.92, converting to approximately 2.9 million won at the 10:1 exchange ratio. The price divergence has drawn significant investor attention, with SK Hynix becoming the most-searched stock am

According to Axios, U.S. President Donald Trump ordered a halt to military airstrikes on Iran on July 24, marking the first pause in nearly two weeks of escalating military operations over control of the Strait of Hormuz. The two nations had engaged in 13 consecutive days of exchanges through July 23, resulting in four U.S. military deaths. Iranian Health Ministry officials confirmed no attacks occurred, stating Iran experienced "a quiet night." Diplomatic efforts are advancing as an Omani deleg

According to Korea Exchange and Koscom CHECK, individual investors reversed course on July 24, pouring 454 billion Korean won into single-stock leveraged ETFs after dumping approximately 547 billion won over the previous four trading days (July 21-23). The buying spree on July 24 alone nearly offset the four-day selling streak, with Samsung Electronics and SK Hynix leveraged products accounting for the bulk of purchases. The move came as both stocks tumbled 7-8% that day, dragging leveraged prod

According to a Wall Street Journal report on Friday, Robinhood is in talks with Crypto.com to expand its prediction markets offering by adding yes-or-no event contracts supplied by the cryptocurrency exchange. Robinhood launched its prediction markets hub in March 2025 with regulatory support from Kalshi, and later expanded to include ForecastEx and Rotella.

According to Seoul High Court, SK Group Chairman Chey Tae-won was ordered on July 24 to pay 944 billion won in divorce settlement as cash instead of shares, thereby avoiding share dilution and management control risks. The court's decision to require cash payment rather than equity transfer allows the chairman to maintain his shareholding and control of group operations. Market analysts note that avoiding share distribution eliminates potential governance disputes, though the substantial cash re

According to Korea's Financial Investment Association, on July 24, unsecured corporate bond yields reached their highest levels in approximately 30 months. AA-rated 3-year bonds rose to 4.653%, up 4.2 basis points, marking the highest level since November 14, 2023. BBB-rated 3-year bonds climbed to 10.450%, also up 4.2 basis points and hitting a 2-year 5-month peak. Both rates have surged over 165 basis points compared to a year ago. The rate increases reflect rising international oil prices fol

According to Financial News citing Korea Exchange data, KOSDAQ's daily trading volume collapsed 66.1% from 15.3 trillion Korean won on May 27 to 5.2 trillion won on July 24. Over the same two-month period, 14 single-stock leverage ETFs tracking Samsung Electronics and SK Hynix generated 392.1 trillion won in cumulative trades, surpassing the entire KOSDAQ market's 359.4 trillion won—a 32.7 trillion won excess. KOSDAQ's credit financing balance fell 29.9% to 6.91 trillion won as of July 23, eight

According to News1, South Korea's central bank raised its benchmark interest rate by 0.25 percentage points to 2.75% on July 16, marking the first increase in three years and six months since January 2023. Following the move, major commercial banks hiked deposit and savings rates, prompting securities firms to raise yields on cash management accounts (CMAs) and short-term products to retain customer funds. Multiple securities companies, including Mirae Asset Securities, Korea Investment & Securi

According to Nvidia, Microsoft, Meta, and 21 other tech companies, CEO Jensen Huang led a joint letter to U.S. Congress on Friday urging lawmakers to support open-source AI models and avoid overly broad or premature restrictions. The signatories warned that restrictive policies could stifle market competition and push AI innovation overseas. The letter acknowledged legitimate national security concerns but argued that targeted legal and commercial mechanisms, rather than blanket restrictions on

According to BIS data released on July 26, South Korea's won reached its lowest real effective exchange rate since the 2009 financial crisis in June. The won's real effective exchange rate fell to 82.99, down 1.75 points from May, marking the lowest level in 17 years and 3 months since March 2009. Meanwhile, the Japanese yen hit a historic record low of 65.3, ranking last among 64 countries tracked by BIS. The won-to-yen rate dropped to 889.83 yen per 100 won on July 24, its lowest level in two

According to Odaily, Kalshi, a prediction market operator, sent a cease-and-desist letter to Netflix on July 24, demanding the removal of a trailer for the documentary 'Instadocs: The Prediction Games' before its July 26 premiere. Kalshi alleges the trailer contains a fabricated trading receipt suggesting the platform allows Nevada sports betting in violation of state court orders. Netflix denies falsifying content, stating the transaction occurred in May 2025 before Nevada restrictions took eff

According to HyperliquidNews, TradeXYZ front-end attracted 26,627 previously new users who had never used a referral code on Hyperliquid. The activity generated $607,000 in referral revenue and $130 billion in referred trading volume for the platform.

According to Korean Herald, Mirae Asset Consulting closed its acquisition of Korbit on July 9 after South Korea's Fair Trade Commission approved the deal. The company raised its stake to 97.15%, completing an investment worth approximately 141.4 billion won, or roughly $102 million. Regulators found the acquisition unlikely to restrict competition, citing Korbit's roughly 0.5% share of Korea's crypto trading market in 2025. Korbit is being rebranded as Digital X as part of Mirae Asset 3.0, a str

According to Iran's Foreign Ministry, on July 25, Ukrainian forces attacked an Iranian commercial vessel in the Caspian Sea, killing one person and wounding another. Iran characterized the attack as an "act of aggression" and vowed to "decisively defend" its interests and security, accusing Ukraine of attempting to expand the scope of the Russia-Ukraine conflict. Iran warned that Ukraine's government and its supporters would face consequences for the attack. Ukrainian President Volodymyr Zelensk

According to Bitcoin.com News, Ethereum Foundation researcher Toni Wahrstätter proposed native unspent transaction outputs (UTXOs) this month that could cut permanent state use by 99.8%. Cardano co-founder Charles Hoskinson immediately responded, accusing the proposal of copying Cardano's Extended UTXO (EUTXO) model—developed over a decade—without credit. Hoskinson argued that Cardano's EUTXO enables deterministic transaction execution, a key competitive advantage, while Ethereum's account-based

According to a spokesman for Iran's Revolutionary Guards Corps (IRGC), on July 25, Iran does not view the current conflict as a full-scale war but rather as a response to U.S. aggression.

According to FARS News Agency, a spokesperson for Iran's Islamic Revolutionary Guard Corps (IRGC) stated that the United Kingdom would become a clear and legitimate target if it supports the United States in any conflict. The statement represents Iran's warning regarding potential military alignments in the region.