Gate Crypto Flash News and Market Updates

Brent September crude oil futures gained $0.32 per barrel, or 0.44%, closing at $72.12 per barrel this week, though the contract has declined 0.66% over the full week. Abu Dhabi Murban crude futures surged 1.47% to $66.18 per barrel, though weekly losses

According to CFTC Chair Michael Selig, Illinois approved a 0.2% tax on crypto transactions last month as part of its FY2027 budget, with the Digital Asset Tax Act scheduled to take effect in January 2027. Selig criticized the measure, saying Illinois lawmakers "slammed the brakes on technological pr

According to reports from Blockmedia and industry sources, Open Standard, the consortium behind the OUSD stablecoin backed by over 140 companies, faces allegations of listing partner companies without their formal approval. Samsung Electronics, Shinhan, Dunamu, and K Bank denied signing agreements o

JPMorgan Chase maintains a long-term bullish outlook on gold, expecting further price recovery in 2027. The bank's research reinforces its optimistic stance on the precious metal amid ongoing macroeconomic

According to pro-XRP lawyer Bill Morgan, XRP held in Ripple's escrow has fallen below 32.5% of total supply, contradicting the 35% to 40% figures commonly cited by critics. The balance has declined steadily over the past year from approximately 36%, as Ripple continues its monthly practice of

According to the European Central Bank's weekly calendar, ECB President Christine Lagarde will personally attend the Eurogroup meeting on July 9 and the EU Economic and Financial Affairs Council (Ecofin) meeting on July 10 in Brussels, rather than being represented by the ECB Vice President.

According to Fox Business, President Trump's 2025 financial disclosure revealed over $600 million in revenue from his Solana meme token. Following the filing's release, Senator Gillibrand renewed her call for ethics reforms to prohibit presidents, Congress members, and their spouses from issuing or

According to Marc Boiron, CEO of Polygon Labs, Citi's blockchain platform for pre-IPO shares, which launched in June, prioritizes privacy at the cost of liquidity for eligible investors. Boiron told FinanceFeeds that confining assets to a single closed network limits buyers to a handful of

According to CNN and an indictment filed by Israel's State Attorney's Office on July 3, an American student living in Jerusalem was charged with spying for Iran in exchange for cryptocurrency. The ultra-Orthodox seminary student allegedly responded to a job posting on Telegram while visiting his

According to the European Securities and Markets Authority (ESMA) today, companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives. Many prediction market event contracts already face EU retail bans as regulators tighten oversight

Spot palladium fell 2.00% intraday on July 3, trading at $1,225.57 per ounce.

According to the International Atomic Energy Agency (IAEA), the Zaporizhzhia Nuclear Power Station lost its external power supply for the 21st time today during ongoing military operations in the region.

In the past 24 hours, Bitcoin rose 0.85% to $62,032.74, with a seven-day gain of 4.07%. Ethereum climbed 1.97% to $1,732.62, up 10.49% over the past week. Solana gained 0.64% with a seven-day increase of 13%, while Dogecoin and XRP rose 2.98% and 2.77% respectively. The MarketVector Digital

According to Bank of Russia Governor Elvira Nabiullina, the central bank announced at the Financial Congress in St. Petersburg that the digital ruble is ready for nationwide rollout beginning September 1, 2026. Starting that date, 12 systemically important banks must provide digital ruble

On Friday (July 3), UK 30-year gilt yields rose 6.9 basis points this week to 5.517%, while 10-year gilt yields increased 5.1 basis points to 4.782%. Two-year gilt yields slipped 0.3 basis points on the week, standing at 4.122%. The 2/10-year yield spread widened by 5.4 basis points to 66.0 basis po

According to AXIOS and the Israeli Prime Minister's office, President Trump and Israeli Prime Minister Netanyahu held a call on July 4. The two leaders agreed to meet in the United States in the near term.

According to Axios, U.S. President Trump called Israeli Prime Minister Netanyahu today. The Israeli Prime Minister's office confirmed that both leaders agreed to hold a meeting in the United States in the near

According to Axios, President Trump held a phone call with Israeli Prime Minister Benjamin Netanyahu on Friday (July 3).

On Friday (July 3), Germany's 10-year Bund yield rose 3.1 basis points to 2.935% in late European trading, gaining 8.4 basis points for the week. The 2-year yield advanced 3.6 basis points to 2.536%, up 1.9 basis points weekly, while the 30-year yield added 2.0 basis points to 3.509%.

According to Coinglass, network-wide liquidations totaled $174 million in the past 24 hours, with long liquidations at $71.14 million and short liquidations at $103 million. Over the same period, 65,864 traders were liquidated globally. The largest single liquidation occurred on Binance BTCUSDT