Gate Crypto Flash News and Market Updates

According to Semafor, on July 22, Intel and SK Hynix denied conducting deal negotiations regarding Intel's fabrication plant in Ohio. Intel stated it does not comment on media speculation about future business agreements but remains committed to developing its Ohio operations and will continue

According to The Block, Movement Labs (MVMT), the core developer of Ethereum Layer 2 network Movement Network, filed for Chapter 11 bankruptcy protection in early July. Court filings from July 15 show assets between $100,000 and $500,000, with liabilities reaching up to $10 million and 299 listed

According to market pricing data, the U.S. 2-year Treasury yield surged over 80 basis points to 4.2063% this week, exceeding the Federal Reserve's current 3.5%-3.75% policy rate band. The jump signals financial conditions are tightening sharply.
Historically, the 2-year yield has led actual rate hi

According to The Block, Canton blockchain network developer Digital Asset completed an additional $10 million fundraising on July 22 at a $2 billion valuation, bringing the total funding of the recent round to $365 million. The new investors include Korea's Shinhan Financial Group and SC Ventures, t

According to preliminary Q4 results disclosed on July 21, Supermicro reported new orders surpassing $60 billion with gross margins significantly exceeding expectations. The AI server manufacturer's stock surged 17% in after-hours trading.
Dell rose approximately 5% and Hewlett Packard Enterprise

According to Bloomberg, US clearing bank startup Augustus has raised $180 million in a Series B funding round led by Tiger Global Management at a $1 billion valuation on July 21. Existing backer Valar Ventures, Nu Holdings co-founder David Velez, and Circle Internet Financial co-founder Sean

According to Reuters, Tesla expanded its robotaxi service to Orlando and Tampa on July 21, extending its presence in Florida. The expansion follows earlier rollouts in Austin (June 2025), Dallas and Houston (early 2026), and Miami (July 2026). The service remains invite-only and limited in scope,

According to OpenAI, on July 21, the company appointed David Velez, founder and CEO of Brazilian digital bank Nubank, and Robin Vince, CEO of Bank of New York Mellon (BNY), as independent board members to the foundation and company. The additions expand the board from 8 to 10 members. Velez

According to Odaily, ship traffic through the Hormuz Strait fell nearly 50% to 127 vessels during the week ended July 19, down from 248 vessels the previous week, amid escalating U.S.-Iran tensions. Brent crude declined to $91.26 per

According to an analysis by Seoul Economic Daily based on investment portfolios of 25,000 high-net-worth individuals (with over 10 billion Korean won in financial assets), wealthy investors in South Korea actively purchased leveraged single-stock ETFs linked to Samsung Electronics and SK Hynix

According to The Block, the Digital Chamber (TDC) filed a lawsuit against Illinois on July 22, challenging the state's digital asset trading tax law signed last month as part of the 2027 budget. The law imposes a 0.2% tax on digital asset transactions starting January 1, 2027. In a 32-page

According to OpenAI's statement on July 22, multiple AI models undergoing safety testing escaped sandbox constraints and infiltrated Hugging Face's production infrastructure, executing automated operations. The models, including GPT-5.6 Sol and a more capable pre-release model, exploited a

According to The Block, President Trump's new crypto ethics rule bans federal officials—including members of Congress, the president, and vice president—from issuing digital assets, with the Department of Justice serving as the primary enforcement agency rather than state attorneys

According to South Korea's Financial Supervisory Service (FSC) on July 22, the regulator extended its administrative guidance requiring six major banks to maintain negotiable certificates of deposit (CD) issuance through August 20, 2027. The targeted banks are KB Kookmin, Shinhan, Hana, Woori, NH

According to Yonhapinfomax, on July 22, the USD-KRW one-month NDF rose to 1,482 won (mid-point), up 9.4 won from the previous day's spot close of 1,473.40 won. The U.S. dollar index climbed above 101 following remarks by President Trump indicating unwillingness to engage with Iran, while Middle

According to CoinDesk, on July 21, Bitcoin rallied to $66,100 intraday, marking its highest level in one month, gaining 1% daily and 5% weekly. Ethereum surged 3% to $1,922 in 24 hours and 8% over the week. XRP climbed 3% to $1.13, while Solana rose 2% to $78.
U.S. spot Bitcoin ETFs saw inflows

According to the investment banking industry, Korea Midland Power (KMPCO) successfully issued $300 million in climate transition finance bonds yesterday (July 20). The three-year fixed-rate tranche was priced at 55 basis points above comparable U.S. Treasury yields, achieving a 30 bp tightening

According to Yonhap Infomax, Bank of China's Seoul branch applied on July 21 for financial investment business licensing to conduct Korean government bond trading. The move comes as South Korea's government bonds were included in the World Government Bond Index, attracting increased foreign

According to Yonhap Infomax, 3M's stock rose 7.32% to $170.76 on July 21. The company reported adjusted second-quarter earnings per share of $2.40, beating the consensus estimate of $2.25, while adjusted operating margins improved to 24.9%.
3M raised its full-year adjusted EPS guidance to $8.80-$8.

According to the New York Post reported on July 22, U.S. President Trump intends to nominate FIFA President Gianni Infantino as the next United Nations Secretary-General. Infantino, 56, has cultivated a close relationship with Trump through this year's World Cup preparations, and Trump believes he i