Gate Insights and Crypto Market Analysis

U.S. President Donald Trump delivered an approximately 25-minute prime-time national television address from the East Room of the White House on July 16. This kind of nationwide prime-time speech is usually reserved for major crises, national security events, or important policy announcements, making it a relatively rare format. Trump said he released some recently declassified intelligence materials involving vulnerabilities in voting system security, risks in election procedures, and certain i

The Kimi K3 of Moonshot AI (Moonshot AI) was crowned champion of the “Frontend Code Arena” by Arena.ai on July 16, with an Elo score of 1,679, surpassing Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 Sol. Arena.ai’s Frontend Code Arena Scoring Mechanism (Source: Arena.ai) Arena.ai’s “Frontend Code Arena” ranking logic differs from typical AI benchmark leaderboards: the evaluation has no fixed question bank, and it does not use machine-based automatic scoring. The scoring process is as follows:

Tether invested $20 million in Ualá, an Argentine neobank, as part of a $197 million funding round led by Allianz X. The round was announced in March, with Tether's involvement disclosed recently. Ualá operates in Argentina, Mexico, and Colombia, serving over 11 million users. The capital will

Seoul's foreign exchange market operated normally on Constitution Day morning as South Korea's new 24-hour forex trading system faced its first public holiday test. Two bank staff arrived at 6 AM to maintain dollar-won trading from 6 AM to 6 AM the following day, with the time-weighted average rate

Kioxia (Kaischi) shares fell sharply 13.09% at the open on July 17, and were last at 53,980 yen. That is down more than 52% from the all-time high of 108,600 yen set in mid-June. The company’s market value has evaporated by at least $185 billion, slipping from Japan’s No. 1 to No. 4 by market cap. In mid-June, Kioxia shares jumped past Toyota Motor to become Japan’s highest market-cap company. Kioxia shares slide from their peak to 53,980 yen Kioxia is a major Japanese NAND flash memory manufact

Xiaomi (01810-HK) shares have fallen more than 57% since their June 2025 peak, with market value evaporating by nearly a trillion Hong Kong dollars. In Q1 2026, Xiaomi’s global smartphone shipments fell 19.2% year over year; the decline was 35% in the China market, pushing it out of the top five handset makers. Its smartphone gross margin shrank to 10.1% as memory chip costs rose 80% to 100%, hitting a two-year low. Xiaomi’s Auto Strategy Shift: From Pure EV to Range-Extended SUVs Xiaomi’s produ

Korea’s summer heat wave continues. During the day, the highest temperatures exceed 36°C, prompting multiple industrial companies to roll out AI systems, IoT sensors, extended break times, and additional cooling equipment in the summer of 2026. Since this summer, POSCO’s Gwangyang Plant has adopted an AI system to manage applications for heat-relief and cooling supplies. Hanwha Ocean has become the first shipbuilding company to add two additional breaks every day—10 minutes each in the morning a

Morgan Stanley identified eight US stocks expected to deliver earnings surprises as the second quarter earnings season begins the third week of July. The investment bank selected these companies from its 'Overweight' rated holdings, anticipating they will exceed market expectations with their earnin

Reuters reported on July 17 that insiders said Stripe and Advent International have made an offer to acquire PayPal shares for about $53 billion, valuing the offer at $60.50 per share. The PayPal board preliminarily believes that while the offer represents a premium to the company’s recent share price, it undervalues PayPal and faces dual hurdles related to both regulation and financing. PayPal Board’s stance on the $53 billion acquisition bid Insiders said the PayPal board preliminarily believe

Indonesian billionaire Prajogo Pangestu's Barito Renewables Energy made an unsolicited US$5 billion bid for Energy Development Corporation (EDC), the Philippines' largest geothermal producer, First Gen Corporation confirmed to the Philippine Stock Exchange on Wednesday, July 15. The indicative,

Netflix (NFLX) shares fell 8.84% (-$6.57) in after-hours trading on July 16, closing at $67.78. This came after the company released its Q3 2026 guidance, which came in below market expectations: Netflix expects Q3 revenue of $12.86 billion, below Wall Street’s $13.0 billion estimate; its Q3 EPS guidance is $0.82, below analysts’ expectations. Netflix Q2 EPS of $0.80, revenue of $12.56 billion According to Netflix’s Q2 2026 earnings report, key financial metrics are as follows: EPS: $0.80 (analy

AST SpaceMobile (ASTS) shares dropped 17% on Thursday to close at $55.01, marking the stock's lowest closing level of the year, after the company announced a $1 billion convertible-note offering. The financing, structured as 1.625% convertible senior notes due in 2034 with an initial conversion

SpaceX (SPCX) shares closed on July 16 at $131.11, down 3.1%, and for the first time fell below its $135 IPO issue price. That same day, Starship’s 13th flight from Starbase in the southern part of Texas stopped its countdown when the Super Heavy booster engines had just begun ignition. SpaceX spokesperson Dan Huot said engineers will inspect the issue before scheduling a new attempt. Record of the Cancellation of Starship Flight 13 Around 6:45 p.m. Eastern Time on July 16, 2026, the launch coun

Hong Kong stocks declined over 300 points during morning trading, falling below the 25,000 level after opening 13 points higher at 25,022 points. The market reversed downward as pharmaceutical stocks and metal stocks faced selling pressure. US stocks fell overnight with the Nasdaq declining over 1%,

Visa (NYSE: V) announced on July 16, 2026, the launch of Visa Stablecoin Platform (VSP), a managed environment that combines stablecoin issuance, wallet infrastructure, and payment-network connectivity. The platform aims to reduce technical and operational barriers that have prevented financial

Merck (MRK) shares closed up 3.3% to $127.63 on July 16. Earlier, U.S. regulators approved Lipfendra to become the first—and only—daily oral PCSK9 inhibitor tablet worldwide, which can reduce low-density lipoprotein cholesterol (LDL) by up to 60%, with no contraindication or allergy warning. Lipfendra Approval Snapshot: First Oral PCSK9 Tablet, LDL Down 60% According to the approval announcement, Lipfendra is the first and only daily oral PCSK9 inhibitor tablet globally. Its mechanism of action

XRP traded at $1.11 as of 3 PM on the 15th, according to blockchain technology developer Cobot Labs. The cryptocurrency rebounded after declining from highs of $1.14-$1.17 reached on the 7th-8th of this month to a low of $1.06 on the 13th-14th. Technical analysis comparing current price patterns to

Semirara Mining and Power Corporation has filed a court petition against the Philippine Department of Energy over demands for proprietary information and asset inventory related to the Semirara coal operation. The Consunji-led company seeks protection from repeated DOE requests for geological

Apple Inc. shares rose 1.8% on Thursday to a fresh record high, with the stock climbing 15.2% in July and on pace for its best month in nearly four years. The rally prompted HSBC to upgrade AAPL to 'Buy' from 'Hold' with a $366 price target on Thursday. The outperformance stands in contrast to the t

1inch co-founder Anton Bukov posted a long thread on X on July 17, announcing that he is stepping down from 1inch’s operations. He said that in November 2025 he had a falling out with 1inch over attempts to change the company’s management and operations, and that he was eventually “fired.” Bukov still retains his status as 1inch co-founder and 50% equity in the company. What happened before and after Bukov was fired According to Bukov’s long thread posted on X on July 17, 2026, he had been runni