Gate Insights and Crypto Market Analysis

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

According to Reuters, U.S. President Trump’s Trump Media & Technology Group has launched a paid data interface called “Truth API.” The product will go live on August 1, faster than the notification-push speed of Truth Social for regular users, transmitting in real time posts from the 10 most influential accounts on the platform. The company says the product is designed for institutions such as algorithmic trading firms that are “most affected by information-delayed costs.” Truth API product spec

On July 17, US listed semiconductor stocks saw a sharp sell-off. The Philadelphia Semiconductor Index fell 4.3% in a single day, closing at 11,867.50. Compared with the mid-June peak, it had already pulled back by more than 22%, officially entering a technical bear market. Memory chips were the hardest hit. SanDisk (SNDK) plunged 12.63% to $1,411.08; Western Digital (WDC) tumbled 9.15% to $466.81; SK hynix ADR (SKHY) fell 13.69% to $152.31; Micron Technology (MU) dropped 5.65% to $853.20. Seagat

The Stellar Development Foundation (SDF) announced on July 16 that it has designated MoneyGram, Figure Markets, and blockchain security firm Range as Stellar primary validators, enabling the three regulated entities to shift from being simple network users to blockchain operators. According to the announcement, the three new validator nodes are expected to be added to Stellar’s quorum configuration in mid-August. Business Background of Stellar’s New Primary Validators Based on the SDF announceme

Network School founder Balaji Srinivasan is seeking a memorandum of understanding with Malaysia after authorities investigated his Forest City tech community over allegations it hosted Israeli citizens using second passports. Malaysia's Home Affairs Ministry said Tuesday it was probing Srinivasan's

Microsoft (NASDAQ: MSFT) shares rose 1.38% on July 17, and that day 282 hedge funds held MSFT stock. According to a Bloomberg report, Microsoft has begun replacing OpenAI and Anthropic models with its own MAI models in some software products, aiming to lower AI usage costs and reduce reliance on external vendors. Three Drivers Behind Microsoft Replacing Outlook and Excel With MAI Models According to a July 7, 2026 Bloomberg report, Microsoft’s decision to replace third-party AI models is driven

The U.S. International Trade Commission (ITC) has launched an investigation into whether Samsung Electronics, Google, NVIDIA, Broadcom, and Super Micro Computer infringed Netlist memory chip patents. The patents at issue cover HBM (high-bandwidth memory) and DDR5 memory. The ITC has agreed to hold a hearing for this case on July 16. This is Netlist’s second lawsuit against the ITC; this time, it expands both the companies involved and the scope of the patents at issue. ITC Launches Investigation

Economist Peter Schiff warned on July 16 that Strategy Inc. (Nasdaq: MSTR) is no longer a leveraged bitcoin bet and that continued share issuance threatens to dilute common shareholders' bitcoin exposure. Schiff's critique centers on Strategy's capital structure: the company holds 843,775 BTC

IBM (IBM), Oracle (ORCL), and NuScale Power (SMR) stocks dropped to 52-week lows on Thursday amid concerns over AI-related investments and financial returns. IBM reached $204.44, Oracle fell to $123.66, and NuScale hit $7.52. The declines followed analyst downgrades and credit rating cuts, with

Polygon Labs CEO Marc Boiron announced on X on July 17 that it is launching another round of layoffs, saying Polygon will “say goodbye to many colleagues,” and will officially begin its transition from the Blockchain Foundation to a “blockchain payments company.” Boiron explained that this does not mean the colleagues who are departing are not up to par; rather, the company being built needs something different. This means changing the organizational structure and talent requirements, not just c

PayPal (PYPL) shares declined 0.4% in after-hours trading on Thursday after Reuters reported the company's board considers the $53 billion takeover offer from Stripe and Advent International inadequate. The board believes the $60.50-per-share proposal undervalues PayPal and is evaluating financing c

The Bank of Korea raised the base interest rate from 2.5% to 2.75% on the 16th, marking the first rate increase in 3 years and 6 months since January 2023. Governor Shin Hyun-song explained the decision was driven by inflation remaining above target for a considerable period and sustained

Google released an update with two feature additions on July 16: AI Mode can now connect to third-party apps such as Instacart, Canva, and YouTube, converting AI search answers directly into in-app actions; Google Vids also adds a digital virtual avatar feature based on users’ selfies and voice recordings, with the avatar image featuring an invisible SynthID watermark and linked to the user’s Google account. Google AI Mode App Connections （Source: Google blog） According to an official Google sta