Gate Crypto Flash News and Market Updates

According to BlockBeats, UBS recommended on July 7 that investors buy SK Hynix's newly issued American Depositary Receipts (ADRs) while selling the company's Korean shares, citing expectations that the new ADRs will trade at higher prices than the Korean-listed

WTI crude oil rose over 1% intraday to $69.56 per barrel on July 7.

According to Bithumb's official announcement, the exchange launched Impossible Cloud Network (ICNT) Korean Won (KRW) trading pair today at 5:00 PM KST with support for Base network. Deposits and withdrawals are expected to open within 2 hours of the announcement. Trading restrictions will be in

According to Bloomberg, Trump's Strategic Bitcoin Reserve plan, announced through a March 2025 executive order, remains stalled as officials debate which federal department should oversee the Bitcoin holdings. The core issue centers on whether the U.S. Treasury Department has the legal authority to

According to the Wall Street Journal and Xbox CEO Asha Sharma's memo on Monday, Microsoft is cutting 3,200 jobs from its Xbox division—about 1,600 this week and 1,250 during the remainder of the fiscal year starting this month. The cuts represent roughly one-fifth of the division's workforce. Game

According to CryptoQuant analyst Darkfost on July 7, Bitcoin's apparent demand remained negative for most of 2026 but has recently improved. The metric dropped to a yearly low of -275,000 BTC on June 3 and has since recovered to approximately -75,000 BTC. Apparent demand measures whether long-term h

According to its Form 8-K filing, MicroStrategy sold 3,588 Bitcoin for $216 million between June 29 and July 5, marking its largest liquidation since launching its treasury strategy in 2020. The sale comprised two tranches: 1,363 BTC at an

According to Foresight News, the crypto wallet app Ctrl Wallet will cease operations on August 3, 2026. As of today (July 7), the app has been delisted from the App Store, Google Play, and browser extension stores. Users can continue using all functions until August 2, including transfers,

According to South Korea's Ministry of Foreign Affairs, the three countries will hold a trilateral foreign ministers meeting on Tuesday during the NATO summit to discuss regional and global issues.

According to Jin10, the Chicago Mercantile Exchange (CME) foreign exchange futures trading volume report for July 6 has been updated in the Jin10 data center.

Mirae Asset Securities forecasted net profit of approximately 1.7 trillion won in the second quarter of 2026, positioning it as the second-largest earner in South Korea's financial sector, trailing only KB Financial

TeraWulf signed a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky on July 6, expected to generate US$19 billion in contracted revenue over the contract term. The facility will host approximately 401 megawatts of critical IT load, with initial capacity coming in the

According to BTC Map, on July 7, the number of worldwide merchants accepting Bitcoin as payment surpassed 26,200, up 76% year-over-year. The platform reported 26,243 total merchants globally, with 16,176 merchants verified as actively operating within the past year. BTC Map, which aggregates data t

On July 6, President Donald Trump described cryptocurrency as 'powerful' and called himself a 'big crypto guy' during the launch of tax-advantaged investment accounts for children. Pressed on his family's crypto ventures, Trump said he lets his children operate independently and stressed there

According to Jin10 Futures, over the past week as of July 7, Shandong independent refineries' gasoline production-sales ratio rose to 92%, up 2 percentage points from the previous week, while diesel production-sales ratio climbed to 103%, also up 2 percentage points. The increase followed earlier de

According to Morgan Stanley's asset management unit, on July 7, global market strategist Raisah Rasid suggested that robotics and autonomous vehicle companies may become the next winners in AI trading. She noted that artificial intelligence adoption is accelerating, particularly in generative AI, an

According to Asia Economy, Samsung Electronics reported record Q2 operating profit of 89.4 trillion won on July 7, the highest quarterly earnings globally, yet shares fell 9.43% amid profit-taking. Morgan Stanley analysts warned in a report that memory chip stocks face potential adjustment risk,

According to Korea Exchange, Korea Value-Up Index hit a record high of 4,276.72 points on June 22, with related ETF assets under management maintaining 4.2 trillion won.

Gate News: According to the latest Gate TradFi data, KR200 (Korea Composite Stock Price Index 200) has dropped by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to South Korea's Fair Trade Commission, the regulator imposed corrective orders and fines totaling approximately 747.6 billion won (roughly $560 million USD equivalent) on July 7 against four starch manufacturers—Daisho, Sacho CPK, Samyang Foods, and CJ CheilJedang—for a price-fixing