Gate Insights and Crypto Market Analysis

Bitcoin and Ethereum recovered most losses within hours after Iran-related geopolitical headlines triggered brief market selloff on July 9. Initial reports sparked risk-off trading as oil climbed and crypto prices dropped, but markets reversed course after subsequent reports indicated Iran's

Swift launched a blockchain-based shared ledger enabling 17 banks across six continents to pilot cross-border payments using tokenized deposits, the payment network announced Thursday. Participants include Citi, HSBC, UBS, BNP Paribas, Standard Chartered, Wells Fargo, BNY, DBS, and MUFG Bank. The le

AI executives and companies spent at least $44 million on 40 House and Senate candidates by the end of June through two major political action committees, according to a CNBC analysis of Federal Election Commission data. The spending aims to influence AI bills being developed in Congress during the

Bitwise reshuffled its Bitwise 10 Crypto Index ETF (BITW) on July 9, 2026, adding Hyperliquid (HYPE) and Stellar (XLM) while removing Polkadot (DOT) and Avalanche (AVAX). The inclusion of HYPE followed the token's performance in the first half of 2026, which included $1.34 trillion in trading

Cardano (ADA) added 14,783 new non-empty wallets following its June 23 bottom and rose roughly 24% in a week, touching $0.199 on July 5 before settling near $0.181, according to on-chain analytics firm Santiment. The bounce coincided with the June 23 launch of the Leios Musashi Dojo testnet, a

Zijin Gold International (Stock Code: 02259) announced its interim profit for the period ending June 30 reached approximately USD 1.4 billion. This represents a 169% year-on-year increase from approximately USD 520 million in the same period last year. The Hong Kong-listed gold producer attributed t

Nexo launched its crypto debit-and-credit card in Argentina, allowing users to spend digital assets directly or borrow against crypto holdings without selling them. The rollout brings the Nexo Card to one of Latin America's most active crypto markets and comes alongside the appointment of former

AI Financial Corporation, the Nasdaq-listed company formerly known as ALT5 Sigma, is in talks to sell its core payments business for up to $15 million. Perpetuals.com said it has signed a non-binding term sheet to explore the potential acquisition of AI Financial's profitable subsidiary, Alt5 Sigma

The USD-KRW exchange rate rebounded to 1,506.10 won as of 3:30 PM, up 7.60 won from the previous close of 1,498.50 won. The rate tested support below 1,500 won earlier in the session. Foreign investors' net purchase of 130 billion won in Korean stocks and less hawkish US June FOMC minutes

BNB Chain announced plans to build a Layer 1 blockchain optimized for AI agents, signaling an industry shift toward infrastructure designed for autonomous software rather than human users. Earlier this week, AEREDIUM joined the Lava Tokenization Sandbox alongside Lava Foundation and Bretagne

Clear Street appointed Puneet Pardasani as Global Head of Institutional Sales and Sales Trading, bringing in a former Bank of America executive to lead its institutional expansion. The appointment is part of a broader recruitment drive that includes senior executives from Bank of America and

Hong Kong stocks displayed mixed performance on July 9, with the Hang Seng Index closing down 0.70% at 24,030.18 points while the Hang Seng Tech Index edged up 0.01% to 4,731.56 points. The decline occurred as semiconductor and memory sectors surged amid AI computing demand and domestic

The Financial Action Task Force published a report calling for expanded information sharing between governments, banks, virtual asset service providers and private-sector firms, stating that traditional anti-money laundering systems struggle with sophisticated cross-border financial crime. The repor

Vantage Markets secured a Category 5 licence from the United Arab Emirates' Capital Market Authority, strengthening its regulatory presence in the Middle East as global brokers compete for regional expansion. The approval allows Vantage Global Financial Services L.L.C. to operate as a licensed

Hyundai Card completed a stablecoin cross-border remittance proof of concept between Hyundai Motor America and Hyundai Motor Mexico, processing USD 20,000 in an average of seven minutes. The PoC used USDT on the Avalanche network for a real intercompany settlement, demonstrating operational

Thai police arrested two individuals in connection with a cryptocurrency money laundering scheme that processed romance-scam proceeds, Interpol announced. One suspect, aged 20, controlled a wallet that moved more than $122.5 million over 10 months, using cross-chain token swaps to obscure the money

The United Kingdom, European Union, and Switzerland will transition stock settlement cycles from T+2 to T+1 on October 11, 2025, according to London Stock Exchange Group (LSEG) officials. Hong Kong plans a similar shift in Q4 2025. The moves respond to competitive pressure following the United

Americans lost $388.98 million to cryptocurrency ATM scams during 2025, according to data released by the FBI's Internet Crime Complaint Center. The FBI received 13,460 complaints involving crypto kiosks last year, marking a 23% increase in complaint volume and a 58% surge in reported losses

Cryptocurrency firms are developing plans to upgrade networks with quantum-resistant cryptography following advances suggesting quantum computers could break existing encryption sooner than expected. Google's research indicates quantum computers capable of breaking encryption could arrive by 2029, r

Commodity mining ETFs recorded double-digit losses over the recent 3 months as raw material prices halted their surge and profit-taking sales emerged. Gold mining ETF GDMN fell -28.46% during this period, while silver mining ETFs SLVP and SILJ declined -16.42% and -17.22% respectively. The