Gate Crypto Flash News and Market Updates

The U.S. Securities and Exchange Commission sued Mining Automatic and its founder Zan Shaikh today, alleging they raised $22 million from over 380 investors between June 2023 and May 2025 while spending only about 13% on actual mining operations.
According to the SEC complaint, the company

According to EDailyReport, on July 20, the KOSDAQ market had 113 stocks trading below 1,000 Korean won, with 36 of those having market capitalizations above 30 billion won and classified as large or mid-cap enterprises. Korean Capital, for example, traded at 708 won but reported consecutive

According to The Daily Hodl, Strategy (MSTR) announced Monday it added $225 million to its USD reserves over the past week without purchasing any Bitcoin, marking its fourth consecutive week of inactivity in the BTC market. The company currently holds 843,775 Bitcoin worth approximately $54.9

The U.S. Space Force announced on Friday it was tripling the maximum value of its National Security Space Launch (NSSL) Phase 3 contract from $5.6 billion to $17 billion to meet rising demand for military satellite launches. The expansion covers Lane 1 missions, which are open to commercial launch p

According to Bitcoin.com News, on July 16, SpaceX aborted Starship's 13th test flight at Boca Chica, Texas when four of 33 main booster engines failed to ignite approximately one second before liftoff. The company confirmed July 23 as the rescheduled launch window after engineers plan to replace

Steel Dynamics reported net sales of $6.1 billion in the second quarter, exceeding analyst expectations of $5.58 billion. The result reflects a 9.3% beat versus consensus estimates.

According to a study published in Health Affairs, China's National Medical Products Administration approved 94 new cancer drugs during 2020-25, exceeding the U.S. FDA's 87 approvals in the same period. The research, released on Monday, showed that China approved cancer medications at nearly three ti

On Monday, the Trump administration announced an incentive program allowing companies that build, expand, or renovate aluminum facilities in the United States to import the metal at reduced tariffs. Eligible companies will see aluminum import tariffs reduced from 50% to approximately 25%,

According to Iran's Mehr News Agency, air defense systems were activated near Iran's Bushehr nuclear power plant on July 20. The agency reported hearing the sound of the air defense system being triggered in the vicinity of the

According to Iran's state television, explosions were reported at Abadan Port today. The cause of the blasts was not immediately disclosed.

According to U.S. Defense Department spokesman Sean Parrish, Iran's multiple airstrikes on U.S. military bases in the Middle East this month have injured nearly 100 U.S. service members since July 7. Of those injured, 96% have returned to active duty. Parrish noted that the majority of injuries

According to E Daily, U.S. stock indexes fell on July 20 amid military tensions between the U.S. and Iran, though declines narrowed after Iran signaled willingness to negotiate. The S&P 500 index closed down 0.19% at 7,443.28, the Nasdaq Composite fell 0.05% to 25,508.07, and the Dow Jones

On July 20, South Korea's KOSPI index fell 304.33 points to 6,516.27, a decline of 4.46%. The KOSPI and KOSDAQ markets both triggered sell-side trading halts for a second consecutive trading day, as market participants monitor upcoming major corporate earnings reports this

The U.S. military launched a new round of strikes against Iran at 4 p.m. EDT on July 20.

On Monday, July 20, various U.S. asset class ETFs posted mixed results. Declining assets included the fear index ETF, down 1.60%; U.S. long-duration Treasury ETF, down 0.75%; Russell 2000 ETF, down 0.59%; Dow Jones ETF, down 0.55%; and Real Estate ETF, down 0.54%.
Meanwhile, rising assets included

According to Financial News, as South Korea's stock market plunged in recent weeks, the concept of JOMO (Joy of Missing Out) has rapidly replaced FOMO (Fear of Missing Out) among retail investors. The shift reflects a marked change in market psychology, with investors moving from anxiety about

On Monday (July 20), most U.S. sector ETFs declined. Biotech ETF fell 1.70%, while healthcare, banking, and regional bank ETFs dropped up to 1.14%. Tech and semiconductor ETFs posted modest gains of 0.29% and 0.34% respectively, with energy ETF up 0.49%. Among the S&P 500's eleven sectors, healthcar

SpaceX will release its second-quarter earnings report on August 4.

According to Jin10 data, U.S. President Trump said on July 20 that Israeli Prime Minister Netanyahu would not be arrested during his visit to America, responding to New York City Mayor Mamdani's recent statement about potentially taking legal action against Netanyahu if he attends the UN General

According to UK Prime Minister's Office, Prime Minister Andy Burnham appointed John Healey as Chancellor of the Exchequer on July 20. Healey, a former Defence Secretary under previous Prime Minister Keir Starmer, resigned from that position after criticizing insufficient defence spending. He