Gate Crypto Flash News and Market Updates

According to Jin10, on July 12, China's Foreign Ministry Asian Affairs Division issued a formal démarche to Japan's deputy chief of mission in Beijing, protesting Japan's recent statements commemorating the tenth anniversary of the South China Sea arbitration ruling and a joint statement issued

According to Jin10, Iran's Revolutionary Guards announced the closure of the Strait of Hormuz in recent developments. In response, Oman has proposed a dual-corridor management system for the strategic waterway, with Iran's corridor requiring prior

According to Trump in an interview on July 12, Iran agreed to a deal the previous day that included the country renouncing nuclear weapons and abandoning all its conditions. However, less than an hour after the agreement, Iranian forces launched a drone strike on a vessel, Trump

According to Yahoo Finance, personal computer shipments declined 4.9% year-over-year in the second quarter, marking the first downturn in two years as global memory shortages continue to impact the technology sector. Market research firm IDC warned that the memory supply crisis is expected to

According to Jurien Timmer, global macro head at Fidelity, via CoinDesk on July 12, Bitcoin is approaching its long-term power-law model support level around $58,000. With the current price near $62,700, Bitcoin has entered what the model defines as an "accumulation zone," which previously

This week, starting from July 14, U.S. inflation data and the start of earnings season will be key tests of market resilience. The June Consumer Price Index (CPI) releases Tuesday, with the Producer Price Index (PPI) following Wednesday and retail sales data on Thursday. Market focus will center on

According to Russian Defense Ministry, Russian forces struck and destroyed multiple Ukrainian military facilities overnight and into the morning of July 12, targeting fuel, energy, transportation infrastructure, drone storage sites, ammunition depots, and 158 temporary positions of Ukrainian

According to Avalanche, on July 9, 2026, Hyundai Motor America completed a $20,000 stablecoin transfer to Hyundai Motor Mexico using Tether's USDT on the Avalanche blockchain in approximately seven minutes. The transaction, managed by Hyundai Card, converted U.S. dollars into USDT, transferred the f

According to Cointelegraph, Real Vision's chief cryptocurrency analyst Jamie Coutts said on July 12 that Bitcoin may be entering the later stages of a bear market, with declining selling pressure. Coutts noted that Bitcoin's volatility has decreased by approximately 50% compared to the previous mark

According to Coinglass data cited by Guru Club, Coinbase's Bitcoin premium index has maintained negative premium for 55 consecutive days from May 19 to July 12, with the latest reading at -0.0072%.
This extends the previous record of 40 consecutive days of negative premium set from January 16 to

According to Bitcoin.com News, Strategy sold 3,588 BTC worth $216 million on Friday morning to fund preferred stock dividends. This marks the company's largest Bitcoin disposal on record, executed at an average price of approximately $60,000 against a cost basis

According to NBC News, U.S. President Donald Trump stated on July 12 that the Strait of Hormuz is open.

According to BlockBeats, on July 12, Solana officials responded to recent claims that projects were migrating to Robinhood Chain, clarifying that most announcements were made as jokes. The phenomenon began when prediction market platform World announced its migration to Robinhood Chain, though the a

According to CoinDesk, the stablecoin market experienced a sharp contraction by July 12, with total market value declining approximately $10 billion from its May peak, representing a roughly 3% drop. In June alone, the market shed $7.7 billion—the largest monthly decline since Terra-Luna's

According to RWA.xyz data, the stablecoin market contracted by $10 billion since May 2026, with $7.7 billion wiped out in June alone. Tether's USDT declined from $190 billion to roughly $184 billion, while Circle's USDC fell from nearly $80 billion in March to around $73 billion, marking the

Paradex launched Funding V2 on June 16, replacing its traditional funding mechanism with a system that recalculates rates every second rather than every 8 hours. The new system uses a weighted median Impact Premium derived from six venues: Paradex (weight 3.5), Binance, Bybit, OKX, Hyperliquid,

According to Iran's Strait of Hormuz authority, the Hormuz Strait is currently impassable as of July 12, according to an official announcement via social media cited by state news agency. The authority stated that once the situation stabilizes, it will resume processing transit requests and issue ne

According to the company disclosure, Coastal International Holdings Limited, Sino-Coastal Home's controlling shareholder, defaulted on two loans totaling 32 million yuan on July 10. The loans comprised a 7 million yuan term loan and a 25 million maximum term financing facility. As security, the shar

According to Herald Economy, an analyst whose report accurately predicted the KOSPI's recent peak is forecasting on July 12 that the index has reached a technical bottom and will subsequently break above 10,000 points. The prediction comes after the analyst's previous report proved accurate amid rec

According to a Wall Street Journal survey on July 12, economists revised estimates for the economic impact of the Iran war significantly downward compared to April projections. The survey shows U.S. GDP growth for 2026 is now forecast at 2.1%, up from the 2% estimate three months earlier, while the