Gate Crypto Flash News and Market Updates

Elon Musk said SpaceX targets the next Starship launch for Thursday, July 16. The announcement came as the company prepares for its upcoming test flight.

According to Lee Hyo-seop, director of the Financial Industry Division at Korea Capital Markets Institute, leverage-linked exchange-traded funds (ETFs) and excessive margin trading have intensified market volatility last month, with retail investors bearing the full burden of hedging costs.

Since May, foreign investors have been the largest buyers of inverse ETFs in South Korea's exchange-traded fund (ETF) market, according to Yonhapinfomax. Inverse ETFs are financial products designed to profit from stock index declines. Analysts attribute the surge in foreign demand partly to

According to Dune, Robinhood Chain's daily decentralized exchange trading volume exceeded Solana's on July 12.

According to PANews, Elon Musk unfollowed Scale AI founder Alexandr Wang on X (formerly Twitter) on July 12. The reason for the unfollowing was not disclosed.

According to Yonhap News, the U.S. and Iran escalated military conflict this week after President Donald Trump declared the ceasefire ended and U.S. forces conducted ongoing airstrikes. While both sides signaled continued hostility, Iran's Foreign Minister Abbas Araghchi stated that "adhering to the

According to Bloomberg, Custodia Bank has petitioned the U.S. Supreme Court to review its case challenging the Federal Reserve's refusal to grant it access to the central bank's payment system. The crypto bank applied for a master account with the Kansas City Federal Reserve in 2020, but the Fed

According to Dailian, on July 12, Busan Digital Asset Exchange launched its first domestic RWA product backed by coffee beans through its Bdan platform. The 'e-Coffee' product, based on Brazil Cerrado NY2 Arabica coffee, is tradeable in units as small as 0.1 kg, with physical exchange available for

According to Korea Exchange, KOSPI fell 612.40 points (7.57%) to close at 7475.94 on July 10, down from 8088.34 the previous week. Foreign investors net sold 4.34 trillion Korean won, while retail traders and institutions net purchased 3.27 trillion and 832.5 billion won respectively. Analysts

According to Iran's state television, explosions were reported near Chabahar on July 12.

According to Iran's state television, three explosions were heard at Hormuz Port in Hormuzgan Province, while two explosions were reported in the Strait region.

According to Grayscale's July 9 research, Ethereum, Solana, BNB Chain, Avalanche, and Canton Network are positioned to benefit from tokenized stocks as the sector evolves through three development stages. Third-party wrapped tokens currently represent over 70% of tokenized stock value, where

According to Jin10, Iran's Islamic Revolutionary Guard Navy announced early on July 12 that the Strait of Hormuz will be closed effective immediately and no vessels are permitted to transit. The closure announcement came hours after several ships attempted to navigate along routes not approved by Ir

According to U.S. Central Command, the U.S. military on July 11 began launching strikes against Iran, marking the third round of military action within a week.

Gate News bot message: Gate market data shows BTC has broken through 64,000 USDT, with the current price at 64,006.8 USDT.

According to MoneyToday, digital auto insurance provider ROOT Insurance posted record quarterly net income of $359 million in Q1 2026, achieving an annualized return on equity (ROE) of 47%. The company earned 89% of its full-year 2025 net profit in a single quarter, with loss ratios declining to 54.

According to Yonhapinfomax, South Korean President Lee Jae-myung returned from a NATO summit and Mongolia state visit on July 11. He is launching a broad domestic policy agenda starting this week, including government departmental briefings beginning July 15, a real estate policy forum on July 23, a

From 23:15 to 23:30 (UTC) on July 11, 2026, ETH quickly dipped within 15 minutes, recording a return of -0.70%. The price ranged from 1,792.31 to 1,810.74 USDT, with a swing/amplitude of 1.02%. Previously, over the prior 24 hours, ETH rose by about 1.84%, rebounding from a low of $1,786.73 to around $1,824, but there was a short-term pullback; market volatility has increased, and disagreements between bulls and bears are evident. The main driving force behind this sudden move is the tug-of-war b

According to Yonhapinfomax, South Korea's major banks expanded senior-focused wealth management services in July, with Hana Bank opening two 'HanaTheNextLounge' branches in Daegu and Daejeon on July 12. The lounges provide retirement planning consultations, asset management, and inheritance services

According to the financial investment industry, South Korean stocks are expected to see volatility this week (July 13-17) amid concerns about whether semiconductors have peaked. Market valuations have fallen to historically low levels, which brokers believe will make stocks more responsive to