Gate Crypto Flash News and Market Updates

According to Protos, a UK gang was sentenced this week for stealing $5.4 million in cryptocurrency by impersonating police officers and creating fraudulent police websites. The trio—Hamza Bashir, 23, Kevin Nwamma, 25, and Anthony Ikenwe, 29—received sentences of six

Xiaomi (01810) shares rose 2.1% to HK$28.08 in Hong Kong's morning session today (July 17), extending gains after climbing over 6% yesterday. The surge follows approval of the company's edge-side model for the national AI model registry. The stock was the best-performing among tech names at the

According to PANews, Russia's State Duma Finance Committee chairman Anatoly Aksakov announced on July 17 that legislation imposing criminal penalties for illegal cryptocurrency trading will be postponed until after the September 20 parliamentary elections. The bill, which passed its first reading in

On July 17, the Hang Seng Index opened 0.06% higher, while the Hang Seng Tech Index fell 0.05%. The semiconductor sector weakened, with Luokung Technology, Giga-tronics, and Huahong Semiconductor each declining

According to on-chain analyst Yanjin and PANews, an address allegedly linked to a16z withdrew 471,500 HYPE tokens ($30.57 million) from Hyperliquid over the past 24 hours on July 17, then transferred the assets to major exchanges including OKX, Bybit, and

According to UBP (Union Bancaire Privée), the Swiss private bank cut its year-end gold target price to $4,800 per ounce. While maintaining a long-term bullish outlook on gold, the bank is not increasing its current position at this

According to Coinglass data, total crypto liquidations reached $328 million in the past 24 hours, with long positions accounting for $277 million and short positions $51.6 million. The largest single liquidation occurred on Binance ETHUSDT, worth $6.58 million. Over the same period, 85,066 traders w

According to Bits.media, on July 17, Russia's State Duma Financial Market Committee recommended rejecting amendments to loosen cryptocurrency trading restrictions. The committee opposed raising the annual purchase limit for non-professional investors through a single intermediary from 300,000

According to Odaily and Gate data, silver rose 1.82% today to $55.743 per ounce, while gold increased 0.4% to $3,992 per ounce.

According to Today News, U.S. semiconductor stocks fell sharply on July 17 as investors took profits despite TSMC's positive earnings announcement. Market weakness was attributed to concerns over inflated expectations for artificial intelligence investments and elevated capital costs, while

China's Ministry of Commerce spokesperson on July 16 expressed strong opposition and displeasure over the UK government's decision to nationalize Jingye Group's British Steel operations through newly enacted

According to Jin10, China's central bank conducted 450.5 billion yuan in 7-day reverse repo operations today (July 17), while 20 billion yuan worth of 7-day reverse repos matured. The net injection reached 430.5 billion yuan.

According to Finom Group chief market strategist Seth Golden, Roundhill Magnificent Seven ETF (MAGS) recently saw its 12-day Rate of Change (ROC) break above 12%, a key technical threshold that historically signals the start of sustained bull trends in large-cap tech ETFs.
Year-to-date, MAGS has

According to Bits.media, Russia's final crypto regulation law added restrictions on July 17, prohibiting non-professional investors from purchasing foreign stablecoins, a group covering most of the country's residents. The law introduces the concepts of "foreign

According to Sequoia partners Dean Meyer and Konstantine Buhler, U.S. enterprises are increasingly relying on Chinese open-weight models like Qwen, Kimi, and DeepSeek for product foundations and training data. ATOM data shows Qwen's share among newly fine-tuned and adapted models jumped from 1% in

According to Calcalist, Instacart has acquired Arpalus, an Israeli artificial intelligence startup based in Netanya that uses computer vision to monitor supermarket shelves in real time. The deal, valued at tens of millions of dollars, marks Instacart's first Israeli acquisition and aims to narrow d

According to ChainCatcher, BSC-based project CrowdRingCircle (CRC) was targeted in a suspicious attack, resulting in losses of approximately $201,400, as detected by TenArmorAlert.

The People's Bank of China conducted a 450.5 billion yuan reverse repurchase operation today, with a 7-day maturity period at an operating rate of 1.40%, unchanged from the previous operation. Both the bid amount and awarded amount totaled 450.5 billion yuan.

According to BlockBeats and GMGN, TENDIES, a meme token on Robinhood chain, hit a new all-time high market cap of $31 million this morning (July 17). The token surged 112% in 24 hours with $16.4 million in trading volume during the same period. Current market cap stands at $17 million.

According to Seoul Economics, South Korea's KOSPI index plunged 6.37% on July 16, closing at 6,820.60 points and erasing the previous day's 6.24% gain of 7,284.41 points. Samsung Electronics fell 8.77% and SK Hynix declined 11.53%, leading the selloff on renewed concerns over memory chip price