Gate Crypto Flash News and Market Updates

According to sources, JERA, Japan's largest power company, has begun exploring the possibility of a U.S. listing.

According to Foresight News, BitGo has integrated sBTC cross-chain bridge, enabling institutional users to convert between BTC and sBTC directly on the platform.

According to Bank of America analyst Vivek Arya, on July 17, BofA raised AMD's price target from $550 to $620 and maintained a Buy rating, citing strong AI server demand and improved supply visibility. The bank expects AMD's quarterly AI revenue could reach $6–7 billion or more by the fourth quarter, with potential MI455X Helios rack-scale shipments included in Q3 guidance.

Last month, India eliminated taxation on overseas bond investors, clearing a key regulatory barrier toward inclusion in the Bloomberg Global Aggregate Bond Index. The policy shift has triggered increased interest from foreign investors in Indian government bonds, particularly as they reduce exposure to Indian equities amid market selling pressure. Index inclusion is expected to be formalized by early 2027, according to experts familiar with the timeline.

According to Congo's Health Ministry statement reported on July 16, the country's cumulative confirmed Ebola cases have reached 2,124 as of July 15. The outbreak has caused 828 deaths, with 390 patients recovered and 725 currently receiving isolation or hospital treatment.

According to Jin10, overnight Hong Kong interbank offered rate (HIBOR) fell 1 basis point to 1.43303% on Friday, July 17, reaching a one-week low. Other tenors remained relatively stable, with the one-week HIBOR flat at 1.45000%, the two-week HIBOR edging up to 1.47121%, and the one-year HIBOR rising slightly to 1.71939%.

According to Odaily, the CLARITY Act text is expected to be released after a meeting with Trump on Thursday. Senate Democrats have indicated they do not support the legislation.

According to Odaily, Australia will reform its capital gains tax system, scrapping the 50% discount for assets held over 12 months from July 1, 2027. The reform affects equities, property, and cryptocurrencies. The new system introduces cost base indexation—adjusting purchase prices for inflation—and sets a minimum 30% capital gains tax rate. Gains realized before July 1, 2027 will be taxed under current rules; subsequent gains will follow the new framework.

Netflix stock tumbled 8% overnight Thursday after the company posted Q2 results in line with expectations but offered Q3 and fiscal 2026 guidance that missed analyst estimates. The company guided for Q3 earnings of $0.82 per share and revenue of $12.86 billion, below consensus expectations of $0.84 per share and $13 billion in revenue, according to Fiscal AI. CFO Spencer Neumann emphasized Netflix's long-term expansion opportunity, highlighting that the company has captured only 7% of its estima

According to China's State Administration of Foreign Exchange (SAFE) Deputy Director Li Bin, the regulator cracked down on illegal foreign exchange activities including underground money operations in the first half of 2026. SAFE handled over 300 cases and imposed penalties and confiscations exceeding 400 million yuan ($600 million) during the period, effectively maintaining order in the forex market.

According to Benzinga citing a latest report by BNP Paribas, AMD's MI450 accelerator paired with Helios rack-level architecture represents the company's first genuine opportunity to compete in the fully integrated AI systems space where Nvidia has established significant dominance. The MI450 samples are already being provided to major customers and are on track to begin production ramp in the second half of the year, according to the report. Initial surveys indicate demand is expanding beyond hy

According to Foresight News, VEX, a capital delegation protocol, has unveiled Hypervexing, an AI trading workspace for Hyperliquid. The platform integrates Hyperliquid position, chart, orderbook, trade and funding rate data, enabling AI agents to monitor markets in real time, assess user positions, and provide trading suggestions or execute trades based on user-defined rules.

According to Foresight News, Saturn's USDat Pendle market went live on Monad on July 17. Users can earn fixed and floating yields on Treasury bill-backed positions through the market. Saturn's STRC staking strategy is launching soon on Monad, with the first maturity date set for August 26, 2026.

According to Greeks.live via BlockBeats, on July 17, 19,000 BTC options expiring today with a Put-Call Ratio (PCR) of 0.9, max pain at $63,000, and notional value of approximately $1.2 billion. Simultaneously, 123,000 ETH options expire with PCR reaching 1.61 and notional value of roughly $230 million. ETH's PCR has sustained above 1 for one consecutive month, reflecting intense market divergence and heightened long-short positioning contention.

Gate News message, a whale trader on Hyperliquid closed a 32.3K $SPCX short position with approximately $4.07M notional value, realizing $927.9K in profit. The trader's lifetime PnL stands at -$4.9M.

According to Blockworks Research, on-chain consumption of tokenized trading card collections reached $324 million in June 2026, surging more than five times from roughly $50 million in the same period last year. The growth contrasts sharply with a 20% decline in Bitcoin to a 21-month low and record $4.5 billion in spot ETF outflows during the same period. Platforms like Collector Crypt and Courtyard tokenize professionally graded physical Pokemon cards by issuing NFTs backed 1:1 by real cards st

According to Reuters, Beijing-based AI startup Moonshot unveiled Kimi K3 on July 17, a 2.8 trillion-parameter open-weight model supporting a 1 million-token context window. The model performed competitively with Anthropic's Fable 5 and outperformed OpenAI's Opus 4.8 and GPT 5.6 Sol in GPU kernel optimization. Moonshot is backed by Alibaba and Tencent. Last month, the company was reported to be seeking $2 billion in fresh funding at a $30 billion valuation ahead of a potential Hong Kong listing.

According to Jefferies optical specialists on July 15, 1.6T optical modules are forecast to face a 30% supply shortage in 2026-2027, while 800G modules face a 10% supply gap. In 2026, 1.6T shipments are projected at 1.8 billion units against demand of 2.6 billion units, while 800G shipments are estimated at 40-42 million units against demand exceeding 45 million units. Upstream DSP and 200G EML chips remain dominated by U.S. and Japanese manufacturers including Broadcom, Marvell, and Lumentum. D

According to BIT's On Target weekly report, Bitcoin fell sharply from $97,000 on February 9, 2026 to $62,900, then rebounded to $82,000 before dropping further to $58,500 on June 30. The anticipated A-B-C wave pattern has largely materialized: A wave low in February, B wave rebound to $82,000, and C wave decline to $58,500. The report suggests the bear market may be approaching its conclusion, though the exact timing of the cycle bottom remains subject to external factors including geopolitical

On July 17, independent analyst Ed Zitron warned that an OpenAI collapse would trigger a market crash similar to the 2008 Lehman Brothers meltdown, as the AI company prepares for a significant IPO. According to Zitron, who is skeptical of AI industry claims, OpenAI is the primary reason investors focus on artificial intelligence, and its failure would have systemic consequences for markets.