Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, SK Hynix ADR plunged 7.94% to $162.45 on July 16, marking its second consecutive day of sharp decline after dropping 9.00% on July 15. The stock has fallen below its initial listing price of $170 on July 10.
The Philadelphia Semiconductor Index declined over 3%, with

According to Mehran News Agency, Yemeni military officials stated that Israel is assisting Saudi Arabia in intercepting Yemen's retaliatory attacks.

On July 13, Ripple CTO Emeritus David Schwartz disputed former SEC official Marc Fagel's claim that the SEC's case targeted only Ripple's sales practices, not XRP itself. According to Schwartz, the SEC applied a broader Howey theory treating XRP holders as partners in a shared venture expecting

According to Freddie Mac, U.S. 30-year fixed mortgage rates averaged 6.55% for the week of July 16, marking the highest level since August 28, 2025. The rate increased from 6.49% in the previous week.

According to Freddie Mac, the average 30-year mortgage rate in the U.S. reached 6.55% last week, the highest level since August 2025, up from the previous week's 6.49%.

According to ChainCatcher, Cumberland's Singapore subsidiary Cumberland SG Pte. Ltd. has received a Major Payment Institution (MPI) license from Singapore's Monetary Authority (MAS). The license permits the company to provide digital payment token

On July 16, Ondo Finance launched tokenized stocks backed by DTC Tokenized Entitlements, and the ONDO token surged past $0.38. The first two assets using this model are Circle's publicly listed stock (CRCL) and the SPDR S&P 500 ETF Trust (SPY), represented onchain as CRCLon and SPYon. Both tokens ar

According to CoinMarketCap, Ondo (ONDO) led today's gains among the top 100 cryptocurrencies by market cap, rising 15.71% to $0.3858. Other top gainers included Pyth Network (PYTH) up 8.77% to $0.05144, Virtuals Protocol (VIRTUAL) up 7.26% to $0.6543, Mantle (MNT) up 5.21% to $0.4516, and

According to BlockBeats, on July 17, Trasia Labs announced it raised $35 million in funding, including $1.75 million seed round led by Multicoin Capital. Trasia is the development team behind an Asia-first, non-custodial perpetual futures trading platform built on Hyperliquid. The funding will

According to Apollo Global Management's chief economist Torsten Slok, in 2026, the traditional 60/40 portfolio allocation—60% stocks for returns and 40% bonds for stability—has been replaced by an AI vs. non-AI split. The S&P 500's top ten holdings now account for approximately 40% of the index,

The U.S. Commodity Futures Trading Commission (CFTC) is investigating a Trump administration official allegedly responsible for teleprompter operations over suspected insider trading on prediction market platform Kalshi. The individual allegedly used advance knowledge of presidential statements to b

According to Yonhap Infomax, on July 16 at 9:13 p.m. ET, the U.S. 10-year Treasury yield rose 4 basis points to 4.586%, while the 2-year yield climbed 4 basis points to 4.170%. The 30-year yield increased 3.3 basis points to 5.116%.
The rally in yields was driven by heightened inflation concerns

According to BlockBeats, storage chip sector stocks fell broadly on July 16 based on BIT(bit.com) market data. SanDisk led losses with a decline of nearly 11%, while SK Hynix and Western Digital each dropped about 9%. Seagate Technology fell

According to ChainCatcher, Ethena officially launched on the Monad blockchain. USDe and sUSDe are now available across the Monad ecosystem, including integration with Monad's Aave instance, enabling Ethena users to access stablecoin liquidity at scale. Parallelized EVM USDe has also gone

According to the IMF, on July 16, the International Monetary Fund warned Andy Burnham, the incoming UK Prime Minister, against raising the top income tax rate, citing risks to employment and economic growth. The IMF recommended instead increasing taxes on lower-income households. In its annual

According to Bloomberg, the Spanish government plans to release a comprehensive automotive industry blue paper research report on Friday.

According to AFP, Nvidia CEO Jensen Huang stated on July 16 that most technology cycles typically sustain for 10 to 15 years, and the semiconductor industry is now at its starting point. Speaking with reporters in Tokyo, Huang likened semiconductors to electricity—a foundational resource that will n

According to CNBC on July 16, a teleprompter operator is under investigation by the U.S. Commodity Futures Trading Commission (CFTC) for allegedly placing bets on prediction market platform Kalshi related to remarks by U.S. President Donald Trump.
Kalshi enforcement head Robert DeNault said the pla

According to Bitget's market data, Nasdaq 100 constituent stocks showed significant divergence during intraday trading on July 16, with healthcare, industrial, and logistics sectors gaining strength, while AI infrastructure, storage, and semiconductor sectors faced overall

According to CNBC's Jim Cramer on Thursday, investors should sell half their positions after parabolic stock moves to avoid giving back gains. "When you get a parabolic move, sell half, because parabolic moves cannot be gamed," Cramer said on "Squawk on the Street." Parabolic rallies are fast,