Gate Crypto Flash News and Market Updates

According to RWA INC's announcement on July 7, the platform operator announced a strategic integration with Ondo Finance to list Ondo's institutional-grade tokenized real-world assets (RWAs) on stocks.rwa.inc. The integration aims to improve asset discovery and visibility for investors, financial in

According to Herald Economics, South Korea's Financial Services Commission and Korea Exchange announced stricter dual listing guidelines on June 6, restricting subsidiaries created through mergers, acquisitions, or spin-offs from listing separately. Companies that secured financing from financial in

According to Wintermute analysis shared by BlockBeats on July 7, Bitcoin and Ethereum rallied as U.S. non-farm payrolls data fell short of expectations and Fed official remarks were read as dovish, driving a broad risk-asset rebound. Bitcoin outpaced the S&P 500 and Nasdaq, with whale wallets

According to Bloomberg, on July 6, Morgan Stanley's chief U.S. equity analyst Mike Wilson said chip stocks, while remaining core assets of the AI wave, have become severely overbought and a short-term pullback of 30-40% is entirely possible. However, Wilson believes this does not signal the end of t

According to Zhitong Finance, Baogai New Materials (08090) will list on the Hong Kong Stock Exchange on July 8. As of market close, dark market trading via Livermore Securities showed a quote of HK$6.61 per share, up 6.27% from the IPO price of HK$6.22. Each lot consists of 500 shares, with gains of

SpaceX (SPCX) joined the Nasdaq-100 Index today (July 7), with major brokerages Wells Fargo, Morgan Stanley, and Goldman Sachs initiating coverage with bullish ratings. Wells Fargo set a $230 price target, representing 43%

According to Yao Cai Securities, six new Hong Kong-listed stocks began trading on July 8, with chip manufacturer Basic Semiconductor (stock code: 09971) leading gains, closing up 11% in gray market trading at HK$35.1 versus the offer price of HK$31.62. Among the six debuts, electronic paper

According to IDC on July 7, the global commercial service robot market reached $1.37 billion in 2025, growing 35.7% year-over-year, with annual shipments of approximately 155,000 units, up 44.1%. Chinese vendors dominated the market, commanding over 90% of the combined share among the top ten

According to an official statement from Indonesia's government communication bureau released today (July 7), Indonesian President Prabowo and visiting Indian Prime Minister Modi signed more than a dozen agreements in Jakarta, including defense cooperation. The Brahmos Aerospace Company of India and

According to BlockBeats, OKX's Flash Earn Lite will launch AI (Gensyn) from July 10–14, 2026 (UTC+8), allowing users to stake BTC, OKSOL, OKB, or AI to share 8 million AI tokens in rewards. Users can start participating immediately, with rewards calculated after the official launch.

According to the Central Committee for External Contacts, Liu Haixing, head of the Chinese Communist Party's International Liaison Department, met with former French Prime Minister Edouard de Villepin and chairman of the Prospective and Innovation Foundation in Beijing on July 7. Liu said China is w

According to Jin10, on July 7, People's Bank of China Governor Pan Gongsheng attended the Hong Kong Monetary and Fixed Income Summit and delivered remarks. He witnessed the trial operation of the Hong Kong Gold Central Clearing and Settlement System and the launch of Shanghai-Hong Kong gold market c

According to Jin10, on July 7, Foxconn Industrial Internet Co. elected Zheng Hongmeng as chairman with 9 votes and appointed him CEO. The board also appointed Zhang Ruixiong, Bai Jianan, and Wu Zhenting as vice presidents, Shen Daobang as CFO, Liu Zongzhang as board

According to Compass Point, the firm downgraded Circle Internet Group (NYSE: CRCL) to Neutral from Sell on June 30, cutting its price target to $55 from $97. The move followed the announcement of Open USD (OUSD), a rival stablecoin backed by over 140 partners. In contrast, Clear Street maintained a

According to MoneyDj, Hong Kong's Hang Seng Index fell 119.43 points or 0.51% to close at 23,496.89 on July 7, while the Hang Seng Tech Index dropped 34.19 points or 0.75% to 4,507.04. Tech stocks led the decline, with Kuaishou plunging over 12% following Tencent's stake reduction, weakening

According to Hyperinsight monitoring, a whale address (0x4c7) that shorted Korean semiconductor stocks saw its positions turn profitable overnight on July 7. The address held six semiconductor short positions worth approximately $31.03 million in total notional size, with floating gains of $838K

According to PANews, ether.fi CEO Mike Silagadze questioned KAST's service terms today (July 7) regarding user asset ownership. The stablecoin payment and crypto card platform's terms state that when users transfer cryptocurrency or stablecoins to KAST, they are considered to have sold the assets to

According to Bloomberg, on Monday, July 6, the U.S. Treasury and Commerce departments are competing to manage Trump's Strategic Bitcoin Reserve of over 300,000 BTC, worth roughly $21 billion. The reserve was established through a March 2025 executive order and capitalized with cryptocurrency

The Guangdong Futures Exchange announced on July 7 that starting July 9, 2026, trading fees for polysilicon futures (PS contracts) will be adjusted to 0.01% of transaction value, while trading fees for lithium carbonate futures (LC contracts) will be reduced to 0.016% of transaction value.

According to Yonhap Infomax, the USD/KRW exchange rate fell 7.60 won to 1,522.70 won on July 7 afternoon, extending losses as the U.S. dollar weakened against the Japanese yen. The decline from the previous Seoul market close of 1,530.30 won was driven by a sharp selloff in USD/JPY, with the dollar-