PANews July 24 news, according to official sources, the Gate stock copy trading feature has officially launched. After updating the Gate App, users can access the "Copy Trading > Stocks" entry to follow traders and replicate real stock positions in real time, covering U.S. stocks, Hong Kong stocks, Korean stocks, and all-category ETFs, encompassing 12,500 stocks and ETF targets. The product adopts a proportional copy trading and fractional share trading mechanism, allowing participation with as little as 0.01 shares; it also introduces an HWM high-water mark profit-sharing mechanism, where lead traders only receive new profit shares after the cumulative net profit of copy trading users breaks through the historical high.
In conjunction with this product debut, Gate is launching a stock copy trading launch event from July 24, 2026 14:00 to August 13, 14:00 (UTC+8), with a total prize pool of 70,000 USDT. Lead traders who apply to become stock lead traders during the event period, complete lead trades, or participate in trading volume rankings will have the chance to receive their first lead trading reward and share an exclusive trader prize pool. Copy trading users who try stock copy trading for the first time and complete the specified trading volume can enjoy loss subsidies; those who cumulatively follow different lead traders or join the copy trading sprint competition can also receive corresponding rewards.
This launch combines Gate's real stock market access capabilities with the copy trading mechanism, lowering the barrier for users to participate in multi-market stock and ETF trading; the accompanying event simultaneously incentivizes trader onboarding and optimizes user experience, driving the startup and active growth of the stock copy trading ecosystem.
PANews, July 24 – According to an official announcement, Gate IPO Access’s second phase project, Jersey Mike’s (JMKE), will open for indication of interest subscriptions on July 27, 2026, at 10:00 (UTC+8). Users can participate using USDT or GUSD, with the opportunity to obtain corresponding stock shares and trade them through Gate’s stock section after listing. This subscription period will run until July 29, 2026, at 10:00 (UTC+8), with a reference subscription price of $21–$25 per share. The minimum investment is 100 USDT or 100 GUSD, and the maximum is 500,000 USDT or 500,000 GUSD, with no additional handling fees. Regarding subscription quotas, the USDT and GUSD subscription pools each account for 50%, and the platform will calculate the allotment ratio based on users’ average hourly locked amount during the subscription period.
This subscription is an “indication of interest” subscription. The final allotment results will be comprehensively determined based on the actual IPO offering situation, the allotment quota obtained by the platform, and user participation. Stocks successfully allotted are expected to be distributed to users’ Gate stock accounts on July 30, 2026, and can be traded through Gate’s stock section after listing. These stocks have no lock-up period and support 100% unlocking.
Currently, Gate has built a comprehensive trading system covering global stock markets, supporting over 12,500 stocks and ETF trading instruments, and has deployed products such as gStocks tokenized securities, Pre-IPOs, and IPO Access, covering diverse scenarios including pre-IPO opportunity capture, public market trading, and tokenized securities investment. Going forward, Gate will continue to improve its multi-asset trading infrastructure, providing users with a more open and efficient one-stop global investment service.
Gate founder and CEO Dr. Han has backed a human-led approach to crypto trading as millions of digital assets and tens of thousands of decentralized applications make Web3 increasingly difficult for users to navigate.
Summary
Gate CEO Dr. Han says AI will support traders without replacing human judgment. Gate is integrating AI tools to simplify trading and lower Web3 entry barriers. U.S. scrutiny of Chinese AI models could complicate the technology’s global adoption. In the latest episode of the Gatecast podcast, Dr. Han argued that artificial intelligence could help traders gather information, study market signals, and make decisions without removing the need for human judgment.
According to the Gate CEO, the combination of AI tools and human intelligence could offer a more effective model for trading than relying entirely on automated systems. AI can process large volumes of market information quickly, he noted, but traders must still assess that information before acting.
“AI + human intelligence” will become a more effective approach in the future, Dr. Han said.
His comments place AI in an assistant role at a time when exchanges and traders are using automated tools to scan prices, track market activity and filter information. Rather than presenting the technology as a replacement for users, Dr. Han described it as a way to reduce the effort required to find and understand crypto products.
Gatecast’s discussion also covered the difficulty of entering Web3 when users must choose among millions of tokens and tens of thousands of DApps. Dr. Han identified those choices, along with the learning required to use decentralized products, as barriers that keep potential users outside the sector.
Under his assessment, AI could become a gateway between users and the Web3 ecosystem by helping them locate relevant services and understand how those products work. Intelligent interfaces could also reduce the time users spend researching separate protocols, assets and trading tools, according to Dr. Han.
AI tools will support trader decisions Gate is already developing several products under what the exchange calls its Intelligent Web3 strategy. Dr. Han identified Gate AI, GateClaw and Gate for AI Agent as parts of a product system designed to integrate artificial intelligence into the company’s trading ecosystem.
Through these services, Gate is using AI to simplify product interactions and reduce the amount of knowledge required before users can begin exploring Web3, according to the CEO. Dr. Han added that the exchange plans to continue developing intelligent products that make decentralized services easier to access.
His position differs from predictions that increasingly capable models could eventually remove people from financial decision-making. While Dr. Han credited AI with improving research and signal analysis, he maintained that the technology cannot fully reproduce the judgment traders apply when interpreting market conditions.
Earlier this week, Binance founder Changpeng Zhao also separated AI’s economic role from that of Bitcoin. In an X post, CZ argued that artificial intelligence can raise productivity, improve business efficiency and support technological development, while Bitcoin offers a scarce asset that cannot be expanded beyond its 21 million-coin limit.
The comparison followed JPMorgan CEO Jamie Dimon’s forecast that the AI investment cycle could attract $725 billion this year. According to CZ, companies developing AI products can issue more shares or raise capital to finance expansion, potentially diluting existing investors, whereas no company or government can increase Bitcoin’s programmed supply.
CZ also rejected the idea that rapid progress in artificial intelligence gives investors the same protection that Bitcoin may offer when fiat currencies lose purchasing power. His comments focused on the difference between investing in productivity-driven businesses and holding an asset designed around fixed supply.
Political pressure could complicate AI adoption Dr. Han’s case for AI-assisted Web3 access comes as Washington considers how foreign models should operate in the U.S. market. As previously reported by crypto.news, parts of the Trump administration have discussed de facto restrictions on Chinese open-source models after Moonshot AI’s 2.8-trillion-parameter Kimi K3 topped a major coding leaderboard.
Axios reported that American companies have shown interest in Chinese systems because they can provide capable performance at lower prices. Open-weight models also allow businesses to download trained parameters, operate models on private servers and modify them without depending on the original developer’s platform.
People involved in the U.S. policy debate have previously considered placing Chinese AI laboratories on the Commerce Department’s Entity List, according to the crypto.news report. Such a designation could restrict access to American technology without government licenses, although earlier proposals were paused amid concerns that the restrictions could slow AI development in the United States.
Political scrutiny increased on July 22 when Michael Kratsios, director of the White House Office of Science and Technology Policy, accused Moonshot AI of using Anthropic technology to develop Kimi K3. In an X post, Kratsios claimed that information obtained by the U.S. government linked K3’s development to Anthropic’s Fable model.
Kratsios alleged that Moonshot created an internal platform capable of extracting knowledge from American models through large-scale distillation. He also claimed that the platform could change its access methods quickly, making the alleged activity harder for U.S. developers to identify.
However, the White House official did not release technical records or other evidence supporting the allegations. Moonshot AI had not publicly responded at the time of the report, while the White House had not provided material that independent researchers could use to determine whether K3 incorporated Anthropic’s proprietary technology.
Despite those policy disputes, Dr. Han expects AI to play a growing role in how users discover and operate crypto products. Gate’s strategy keeps traders responsible for the final decision while assigning AI the task of organizing information, identifying signals, and lowering the technical barriers surrounding Web3.
PANews, July 24 – CryptoQuant analyst Darkfost pointed out that in recent months, traditional markets have significantly outperformed crypto assets, turning traditional financial assets from a niche market into a key segment on crypto exchanges. Taking Gate as an example, the platform now allows users to trade precious metals, commodities, stocks, indices, and ETFs. Among them, precious metals (gold and silver) have recorded cumulative trading volume exceeding $11 billion since launch, far outstripping stocks’ $8.4 billion, indices and ETFs’ $1.2 billion, and other commodities’ $494 million. Excluding crypto assets, precious metals account for 52% of Gate’s trading volume, stocks for 39%, indices and ETFs for 6%, and other commodities for just 2.3%.
Precious metals listings make up only 4.8% of the platform’s total traditional finance tokens (stocks 72.8%, indices and ETFs 19.8%), yet they concentrate most of the liquidity. Since 2025, gold has gained 115% and silver has surged over 322%. This performance during the Bitcoin bear market has drawn some crypto investors toward traditional finance, and exchanges that made an early move have been rewarded.
PANews July 23 news, according to an official announcement, Gate US has entered into a strategic partnership with BitGo, a leading digital asset custody and security infrastructure provider, to further enhance its asset security, compliance operations and scalable service capabilities in the U.S. market. As a well-known institutional-grade digital asset infrastructure platform in the industry, BitGo has extensive experience in custody, wallet management, settlement and security risk control, enabling digital asset platforms to deliver higher-standard asset protection and operational support. Through this partnership, Gate US will further improve its secure custody system and build a more robust and trustworthy digital asset service environment for users.
This strategic partnership marks an important step in Gate US’s ongoing commitment to a compliance-first and security-first development path. Leveraging BitGo’s institutional-grade custody and security technology capabilities, Gate US will further strengthen asset management efficiency, risk control capabilities and the resilience of its platform infrastructure, laying a solid foundation for future product expansion and service upgrades. Gate US currently holds Money Transmitter Licenses (MTL) in 36 states and operates in 47 U.S. jurisdictions. In addition, multiple entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions including Malta, The Bahamas, Japan, Australia and Dubai. Going forward, Gate US will continue to work with high-quality infrastructure partners to drive continuous upgrades in the security, compliance and scalability of digital asset services, delivering more efficient and reassuring fintech experiences to users.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PANews reported on July 23 that Gate officially released its 2026 H1 wealth management report. The report shows that the crypto market was under pressure in the first half, with BTC and ETH falling approximately 33.1% and 47.1% respectively, as risk appetite continued to decline. Against this backdrop, user demand for steady returns and high-liquidity assets continued to rise.
The total position size of Gate Savings remained stable at 2 billion USDT, with funds gradually tilting toward flexible allocation, further strengthening demand for liquidity management. Meanwhile, the GUSD minting rate stabilized, with funds primarily flowing to on-chain earning scenarios, continuing to deliver the value of a yield-bearing stable asset. In advanced wealth management, Gate Dual Investment maintained its industry-leading position, with the Low-Buy strategy’s 0-day tenor achieving an APY of up to 295%, significantly higher than the market average of 166%. Gate Quantitative Fund continued its steady performance, with Interstellar Hedge (USDT) achieving a cumulative return of 18.7%. In terms of asset allocation, Gate’s equity holdings continued to optimize. With the launch of Korean stocks, the allocation to Korean stocks rose rapidly, accounting for about 75% of total equity holdings at the end of June. The top ten holdings were mainly concentrated in semiconductors and technology growth assets, with SK Hynix ranking first by position size.
Additionally, Gate GUSD minting offers an annualized rate of 3.8%, enabling users to participate in Launchpool, Pre-IPOs, and other diverse ecosystem activities. For USDT Flexible Savings, VIP users can enjoy a 4.0% annualized yield.
Going forward, Gate will continue to improve its wealth management system covering conservative savings, yield enhancement, and multi-asset allocation, providing users with different risk appetites with more flexible and efficient asset appreciation solutions, helping users achieve long-term value growth amid market cycle changes.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
a16z: Tokenized Stock Market Accelerates Expansion, AI and Chip Segments Rise to 15.5%
A report from a16z crypto shows that as of the end of June, the total market capitalization of tokenized stocks reached approximately $1.7 billion, more than quintupling from $329 million a year ago, making it one of the fastest-growing tokenized asset categories. Over half of the current market cap comes from assets that were not on-chain a year ago, indicating growth is driven primarily by new issuances rather than just gains in underlying stock prices. The market structure has also shifted significantly: the share of crypto-related products dropped from 79% a year ago to 21%; the "other" category, consisting of hundreds of small underlying assets, rose to 35%. Large-cap tech stocks’ share climbed from 0.6% to 10.6%, while ETFs and index products’ share increased from 4.5% to 17.3%. Tokenized stocks of AI and chip-related sectors saw the fastest growth, with their market cap share rising from 0.3% in June 2025 to 15.5%. On-chain activity has risen in tandem: the monthly transfer volume of tokenized stocks hit $9.22 billion in June, more than 170 times the $53 million recorded in the same period last year. Related transactions include on-chain purchases and sales, inter-wallet transfers, and collateral deposits into DeFi protocols. Institutional infrastructure is accelerating its rollout: DTCC has completed the first production-environment transactions of tokenized U.S. Treasuries and stocks on the Canton Network; Robinhood has launched its own blockchain; the parent company of the New York Stock Exchange (NYSE) has formed a joint venture with OKX to offer tokenized NYSE stocks once approved; Coinbase and Binance have also launched or plan to launch tokenized U.S. stock services for non-U.S. users.
16 minutes ago
Benchmark cuts Coinbase's performance forecasts; the CLARITY Act could be a key catalyst for its stock price.
Benchmark has cut its second-quarter performance forecast for Coinbase ahead of the crypto exchange’s upcoming earnings report next week, citing weak trading activity in the crypto market, while retaining a "Buy" rating and a $270 price target. Based on Coinbase’s Wednesday price of roughly $172, this target implies approximately 57% upside potential. Benchmark analyst Mark Palmer lowered Coinbase’s Q2 revenue estimate from $1.51 billion to $1.38 billion, and trimmed its full-year 2026 revenue forecast from $6.33 billion to $6 billion. Spot trading volumes on centralized crypto platforms fell around 28% in Q2, while the total crypto market cap dropped roughly 13%, leading the firm to project Coinbase’s transaction revenue will decline by more than 5%. Still, early stabilization signs emerged in June: spot trading volumes rose back above $1 trillion for the first time since March, which may partially offset the Q2 softness. Benchmark argues that the eventual passage of the CLARITY Act could serve as a more meaningful stock catalyst than quarterly results, with Coinbase positioned as one of its primary potential beneficiaries. Trump previously agreed to relevant ethics provisions, removing a key hurdle for the bill’s advancement.
16 minutes ago
Amazon has carried out layoffs in its Artificial General Intelligence (AGI) division.
Amazon (AMZN) on Wednesday carried out layoffs in its General Artificial Intelligence (AGI) division, the latest in a series of small-scale job cuts at the company following the mass layoffs in January. "We have been building large AI models for many years, and this remains one of our most important ongoing efforts," an Amazon spokesperson said. "We are focusing on projects that matter most to customers to accelerate progress in key areas. This focus means making some tough decisions, including cutting some positions in the AGI organization."
16 minutes ago
A major whale went long on $10.66 million worth of Google stock ahead of the tech giant’s earnings report release.
According to on-chain analyst Yu Jin's monitoring, a whale that went long on MU and made a profit of $1.71 million yesterday has now shifted its bullish focus to Alphabet's earnings report. Over the past half hour, the whale opened a long position in GOOGL worth $10.66 million, with an average entry price of $349.7. Alphabet will release its earnings report after U.S. market hours at 4 a.m. Beijing time. In addition to Google's shareholders, investors in AI-related stocks will also closely follow the earnings data.
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Dow Jones Industrial Average and S&P 500 turn positive, NVIDIA's gain expands to 3%
According to market data from BIT (bit.com), the Dow Jones Industrial Average and S&P 500 have turned positive, the Nasdaq’s decline narrowed to 0.1%, and the Philadelphia Semiconductor Index rose more than 1%. Among tech stocks, Nvidia surged nearly 3%, Super Micro Computer’s gain expanded to 24%, Marvell Technology and AMD rose over 2%, SanDisk gained nearly 1%, and Micron Technology turned positive after falling nearly 3% earlier.
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Analyst: $68,000 is a key resistance level for Bitcoin, which may face significant selling pressure.
Bitcoin rose above $65,800, hitting a new high in over a month. U.S. spot Bitcoin ETFs recorded net inflows for the sixth consecutive trading day, with $203 million flowing in on Tuesday, bringing the cumulative inflow since July 13 to roughly $779 million; spot Ethereum ETFs saw a net inflow of $37.5 million on the same day, marking the third straight day of inflows. Bitfinex analysts note $68,000 is Bitcoin’s next key level, where the cost basis of short-term holders and the Q2 opening price converge. Investors who bought in the past five months and are still in the red may sell when prices return to their cost lines, so the first test of this level could trigger significant selling pressure. K33 Research Head Vetle Lunde said Bitcoin remains in a seasonal low-volume phase: as of July 19, its 30-day spot trading volume was only 62.4% of the full-year average. CME Bitcoin open interest for July has stayed below 100,000 BTC, hitting its lowest since October 2023, indicating weak institutional participation. ETF inflows have improved in the same period, but are mainly driven by BlackRock’s IBIT. Capital.com analyst Daniela Hathorn views $63,000 as the near-term support level. If Bitcoin holds above this level and reclaims the $65,000–$66,000 range, it could boost upward momentum for further tests; if it breaks below support, a new round of profit-taking may be triggered.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Crypto companies already licensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA) could still exit the market as compliance costs mount, according to Gate Europe’s CEO.
Giovanni Cunti told Cointelegraph’s Chain Reaction on Monday that stricter regulatory requirements have made it increasingly difficult for new entrants to compete and that some licensed firms could ultimately be unable to absorb the ongoing costs of operating under the framework.
“I think there are going to be quite a few more of the ones that acquire MiCA license that will not be capable to sustain the cost and the resources that are needed to carry on this business in the long term,” Cunti said.
MiCA is the EU’s regulatory framework for crypto assets. The bloc’s 18-month transition period ended on July 1, requiring crypto firms serving EU customers to operate under authorization or cease offering regulated services.
The deadline prompted several exchanges to restrict or withdraw services in parts of Europe while licensed firms began operating under the new regime. Binance, the world’s largest crypto exchange by trading volume, was not able to secure a MiCA license before the deadline.
Compliance costs reshape Europe’s crypto marketCunti also warned that MiCA’s stricter regulatory requirements could drive some crypto startups and projects outside Europe. While the framework has strengthened investor protections, he said it leaves less room for innovation than jurisdictions with lighter rules.
He said some projects may choose to launch in jurisdictions with less restrictive regulatory requirements instead of navigating the bloc’s compliance regime.
“We may need to be prepared that some projects, possibly some important projects, may be looking at other jurisdictions with different guidelines,” he said.
To be sure, the number of companies authorized under MiCA continues to grow, albeit at a slower pace.
On Friday, the European Securities and Markets Authority added 14 crypto-asset service providers (CASPs) to its register, bringing the total to 294 after adding 37 firms in ESMA’s first update following the July 1 transition deadline.
Cunti said the higher regulatory burden is reshaping Europe’s competitive landscape, but the shrunken market also presents an opportunity for those remaining crypto service providers.
“There was a market with thousands of operators, and now there is a market with only hundreds,” Cunti said.
“So definitely there is a big opportunity for all of us. There is an ongoing migration because customers do not want to lose access to this market,” he added.
Magazine: The British Virgin Islands are a top crypto hub no one ever talks about: Here’s why
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Crypto companies already licensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA) could still exit the market as compliance costs mount, according to Gate Europe’s CEO.
Giovanni Cunti told Cointelegraph’s Chain Reaction on Monday that stricter regulatory requirements have made it increasingly difficult for new entrants to compete and that some licensed firms could ultimately be unable to absorb the ongoing costs of operating under the framework.
“I think there are going to be quite a few more of the ones that acquire MiCA license that will not be capable to sustain the cost and the resources that are needed to carry on this business in the long term,” Cunti said.
MiCA is the EU’s regulatory framework for crypto assets. The bloc’s 18-month transition period ended on July 1, requiring crypto firms serving EU customers to operate under authorization or cease offering regulated services.
The deadline prompted several exchanges to restrict or withdraw services in parts of Europe while licensed firms began operating under the new regime. Binance, the world’s largest crypto exchange by trading volume, was not able to secure a MiCA license before the deadline.
Compliance costs reshape Europe’s crypto marketCunti also warned that MiCA’s stricter regulatory requirements could drive some crypto startups and projects outside Europe. While the framework has strengthened investor protections, he said it leaves less room for innovation than jurisdictions with lighter rules.
He said some projects may choose to launch in jurisdictions with less restrictive regulatory requirements instead of navigating the bloc’s compliance regime.
“We may need to be prepared that some projects, possibly some important projects, may be looking at other jurisdictions with different guidelines,” he said.
To be sure, the number of companies authorized under MiCA continues to grow, albeit at a slower pace.
On Friday, the European Securities and Markets Authority added 14 crypto-asset service providers (CASPs) to its register, bringing the total to 294 after adding 37 firms in ESMA’s first update following the July 1 transition deadline.
Cunti said the higher regulatory burden is reshaping Europe’s competitive landscape, but the shrunken market also presents an opportunity for those remaining crypto service providers.
“There was a market with thousands of operators, and now there is a market with only hundreds,” Cunti said.
“So definitely there is a big opportunity for all of us. There is an ongoing migration because customers do not want to lose access to this market,” he added.
Magazine: The British Virgin Islands are a top crypto hub no one ever talks about: Here’s why
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Gate DEX announced its full integration with Robinhood Chain, becoming one of the first mainstream exchange onchain gateways to support the ecosystem. This feature covers core scenarios such as asset discovery, wallet management, onchain trading, cross-chain interaction, and market tracking, providing users with a more complete and efficient Web3 experience for exploring emerging onchain ecosystems, and further expanding Gate DEX’s multi-chain layout and infrastructure capabilities. For a smoother experience, please update the Gate App to v8.27.0 or above.
As the onchain gateway of the Gate ecosystem, Gate DEX integrates wallet, cross-chain, trading, airdrops, Earn, and DApps, continuously building an open and interconnected full-scope Web3 ecosystem. With the rapid development of emerging public chains, users’ demand for asset discovery, project exploration, and onchain interaction continues to increase. By supporting Robinhood Chain, Gate DEX further connects emerging onchain ecosystems, providing users with a more convenient entry point to popular assets and innovative applications.
In terms of asset discovery, Gate’s main platform Alpha has newly added support for the display and trading of Robinhood Chain ecosystem assets, and has integrated ecosystem launch platforms such as Noxa.fun and Bankr. As an important exploration gateway for emerging assets on Gate, Alpha will connect users with popular assets and innovative projects in the Robinhood Chain ecosystem, helping users discover onchain opportunities more efficiently and improving the efficiency of exploring emerging ecosystem assets.
In terms of asset management and onchain interaction, Gate Wallet has newly added support for Robinhood Chain, enabling functions such as asset display, transfers, and DApp interaction, helping users manage onchain assets more conveniently. At the same time, Gate DEX Swap supports single-chain swaps and cross-chain swaps on the network, improving asset circulation efficiency.
In terms of trading and market services, Gate DEX professional trading supports Robinhood Chain market order trading, while the market module also supports the display of related tokens, helping users view ecosystem asset information and participate in onchain trading more conveniently. In addition, the chain scanning function has newly added support for this ecosystem and covers projects such as Noxa.fun and Bankr, helping users discover onchain hotspots promptly.
The integration of Robinhood Chain expands the boundaries of Gate DEX’s multi-chain ecosystem and enhances cross-chain interoperability. Relying on Across and LayerZero cross-chain solutions, Gate DEX enables asset circulation among BSC, Ethereum, Base, and Robinhood Chain, providing users with a more efficient and smooth multi-chain interaction experience.
Currently, Gate DEX has formed comprehensive onchain service capabilities covering asset discovery, wallet management, trading and swaps, cross-chain connections, and ecosystem applications. This ecosystem expansion is an important measure by Gate to continuously strengthen Web3 infrastructure and connect high-quality public chain ecosystems, and also reflects the platform’s continued investment in multi-chain connectivity and onchain product innovation. In the future, Gate will continue to deepen the development of the Gate DEX ecosystem, accelerate connections with more high-quality onchain networks and innovative applications, promote the continuous upgrading of Web3 product capabilities, and create a more open, efficient, and convenient onchain experience for global users.
How to Explore the Robinhood Chain Ecosystem?
Please update to Gate App v8.27.0 or above to access the new features.
About Gate Gate, founded in 2013 by Dr. Han, is one of the world’s leading cryptocurrency and integrated financial services platforms. Serving over 58 million users globally, it supports trading across 4,800+ digital assets and 12,500+ stock assets, while providing access to a comprehensive range of TradFi assets, including metals, stocks, indices, forex, and commodities, delivering users a one-stop, multi-asset trading experience and blockchain-related services. As an industry benchmark, Gate was among the first platforms to implement 100% Proof of Reserves. Its ecosystem includes Gate Wallet, Gate Ventures, Gate for AI Agent, and a wide range of products and services.
For more information, please visit: Website | X | Telegram | LinkedIn| Instagram | YouTube
Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Note that Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A programmer has only two remaining password attempts, meaning 7,002 BTC worth nearly $8 billion could be permanently locked.
Programmer Stefan Thomas currently has only two remaining password attempts left to unlock an IronKey encrypted USB drive holding the private keys to 7,002 Bitcoin. The device will permanently lock and erase its data after 10 consecutive incorrect password entries, and Thomas has already used up 8 of his allotted attempts. The Bitcoin dates back to 2011, when Thomas created an educational video titled "What is Bitcoin?" and was compensated with 7,002 BTC. At the current Bitcoin price of roughly $111,000, the asset is valued at approximately $777 million. Thomas previously stored his wallet’s private keys on the encrypted USB drive and wrote down the password on paper, but later lost the password. While the Bitcoin remains in its on-chain address, the funds are currently inaccessible and cannot be transferred due to the inability to access the private key. The IronKey USB drive is built with high-strength encryption, triggering a permanent lock after 10 consecutive wrong password entries. Its manufacturer, Kingston, confirms there are no backup passwords or alternative recovery methods beyond the original password set by the user. As Bitcoin’s price has surged, the value of this locked asset has continued to rise. Thomas has sought assistance from multiple parties, including digital forensics firm Naxo and security researcher Chris Tarnovsky, but no successful recovery has been announced to date.
6 minutes ago
韩国首尔市长批评韩国政府放任杠杆产品冲击股市
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Brent crude oil fell below $83, with an intraday decline of 1.33%.
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SOL falls below $75, with a 2.92% decline in the past 24 hours.
According to HTX market data, SOL has fallen below $75, currently trading at $74.99, with a 2.92% decline in the past 24 hours.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A wallet cluster tracked on-chain as Entity X has lifted its total Kaspa ($KAS) position to 1.47 billion tokens, valued at approximately $42.9 million at current prices, making it the largest known non-exchange holder on the Kaspa network.
Fresh Inflows From Major Exchanges The latest leg of accumulation included a fresh inflow of 6.8 million $KAS drawn from liquidity pools at @Bybit_Official, @Gate, and @Bitget. The movement confirms a pattern of deliberate, exchange-sourced buying rather than peer-to-peer transfers, suggesting the entity is actively pulling tokens off trading venues and into cold or self-custodied storage.
On-chain data shows accumulation patterns consistent with whale positioning ahead of a known catalyst, a familiar playbook in crypto, but one that tends to accelerate when the underlying technical event is concrete rather than speculative. The @kaspaunchained ecosystem has been scaling toward a broader network upgrade, adding a layer of context to the timing of these moves.
Why the Kaspa Network Is Drawing Attention Kaspa has carved out a unique place in the cryptocurrency space as a pure proof-of-work Layer 1 blockchain built on a blockDAG (Directed Acyclic Graph) structure rather than a traditional linear chain. While Bitcoin processes a single chain of blocks and discards competing ones as orphans, Kaspa's BlockDAG architecture weaves those competing blocks into the ledger itself, enabling parallel block processing at a speed that no other proof-of-work network comes close to matching.
The Toccata hard fork successfully activated on Kaspa's mainnet, marking its most significant upgrade. It transitions the network from a high-speed proof-of-work payments chain to a programmable base-layer blockchain, introducing native Layer-1 covenant systems for expressive smart contracts, zero-knowledge proof verification opcodes, and support for KRC-20 tokens, all without requiring a global virtual machine.
Following that upgrade, the network is set to scale throughput through a series of structured block rate increases, moving from the current 10 blocks per second to 25 BPS, then to 40 BPS, and ultimately targeting 100 BPS as its long-term objective. On-chain data cited by analysts indicates declining Kaspa token balances on cryptocurrency exchanges, suggesting increased movement into self-custody wallets, a pattern interpreted as indicative of long-term holding behavior rather than active trading activity.
Whether Entity X represents a single institutional player or a coordinated group remains unknown. What the on-chain record shows clearly is a sustained, directional bet on the network at scale.
Sources:
Kaspa Roadmap 2026-2027: Every Upgrade Explained, Our Crypto Talk
Kaspa touted as 2026 altcoin standout with PoW BlockDAG edge, Crypto News
Kaspa Exchange Holdings On-Chain Data, Kaspalytics
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Only a Fraction of $PI Is on ExchangesAccording to data from Pi Scan, the total value of $PI held across major cryptocurrency exchanges sits at roughly $40 million. That figure is spread across @OKX, @Bitget, @Gate, @MEXC, @Pionex, @LBank_Exchange, and @krakenfx, with @Gate holding the largest share at over $20 million.
While the number sounds significant in absolute terms, it represents less than 0.05% of Pi Network's total circulating supply. That is a remarkably thin slice of liquidity for a network that, claims over 60 million registered users, making it one of the largest crypto communities on paper.
The reason so little $PI sits on exchanges comes down to how the network is structured. Approximately 60.41 billion $PI have already been migrated to the Mainnet, but a significant portion of supply remains locked. More than 58 billion $PI are still held off-market by Pioneers, meaning they are not actively available for trading or exchange-based circulation.
Unlocks Could Shift the BalanceThat picture is expected to change as more tokens become eligible for release. As Pioneers progress through KYC verification and complete migration requirements, their locked balances convert into transferable, exchange-ready tokens. Roughly 1.21 billion $PI are scheduled to enter circulation across 2026, releasing at a pace of around 6.5 million coins a day.
The market has already felt the pressure. $PI's price fell nearly 15% to around $0.08, setting a new all-time low, with the primary catalyst being an impending unlock of 127.5 million $PI tokens scheduled for the coming weeks, per PiScan data. The expected surge in circulating supply prompted a rush to exit positions, overwhelming exchange liquidity.
For now, however, the data suggests that most Pioneers are sitting on their holdings rather than moving them to exchanges. Whether that patience holds as unlock volumes increase will be one of the key dynamics to watch across the remainder of 2026. Whether users choose to hold, sell, or utilise their unlocked tokens will play a major role in shaping future market dynamics.
Sources:
Pi Network token unlocks 2026: can demand absorb it? (crypto.news)
Latest Pi Network news and market insights (CoinMarketCap)
Pi Network Tokenomics 2026: Supply Release and Unlock Schedule (MEXC News)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Gate recorded $207 million in weekly net outflows as scrutiny grew over a reported $1.7 million theft. Bitrace traced 49.96 ETH, 746,475 HSK, and 1.565 million USDT withdrawn from the compromised account. Gate denied a system-wide breach, saying the security change request passed identity and review checks. Investigators linked the fund trail to Newpay, while recovery depends on police and third-party cooperation. Gate recorded about $207 million in net outflows over seven days as scrutiny increased over an alleged $1.7 million theft from a customer account. A July 11 Wu Blockchain snapshot placed the exchange second among centralized platforms for weekly outflows.
DeFiLlama: Gate Sees $207 Million Net Outflows in 7 Days After User Theft Incident
According to DeFiLlama data, Gate recorded $207 million in net outflows over the past 7 days amid fallout from a user theft incident, ranking second among CEXs by outflows. Binance led CEX inflows… pic.twitter.com/lTUdEd6ick
— Wu Blockchain (@WuBlockchain) July 11, 2026
Meanwhile, Binance led inflows with approximately $308 million. Considering that DeFiLlama uses a rolling window, its dashboard later showed Gate’s seven-day outflow widening to about $251 million. The platform tracked nearly $3.98 billion in assets.
The dispute began after @jheioff said an identity-verified account was taken over and emptied without authorization. Bitrace later reported withdrawals of 49.96 ETH, 746,475 HSK and 1.565 million USDT, valuing the combined loss near $1.7 million.
Gate Details Identity Checks Behind Security Change Request Account security settings reportedly changed between July 4 and July 6, after which five withdrawals were completed on July 7. The customer then discovered the missing funds on July 8 and promptly reported the incident.
Consequently, the timeline placed the exchange’s identity checks and account-recovery procedures under closer scrutiny. Gate, however, denied that the incident resulted from a platform-wide breach and released further details about the security change request.
According to the company, the applicant provided accurate identity information, historical trading records and an Alipay transaction recording. Gate also said the applicant’s IP address originated from the same region as the account’s recent activity.
In addition, the exchange said it sent email and SMS alerts when the application was submitted. The request subsequently underwent a two-day review period, followed by a 24-hour withdrawal restriction.
Gate said it received no objection during either window, although the customer later challenged the legitimacy of the process. Nevertheless, the exchange apologized for its initial public response, acknowledging that its tone failed to prioritize the customer’s concerns.
Following the criticism, Gate formed a task force involving its security, compliance, legal and business teams. At the same time, the company assisted with police documentation and began continuously monitoring the withdrawn assets on-chain.
Bitrace Traces Withdrawn Assets Through Newpay-Linked Wallet Bitrace said the assets were divided across several transactions before converging at an address associated with Newpay, a non-KYC payment service. The service is linked to the Xinbi ecosystem, giving investigators a possible destination for examination.
However, the analysis does not establish how the account was compromised or identify who controlled the receiving wallets. Gate said it contacted Tether and exchanges receiving the assets, seeking cooperation to freeze funds reaching identifiable platforms.
Nevertheless, recovery will depend on law enforcement action, judicial coordination and assistance from third-party services. The exchange-flow figures also require caution as DeFiLlama removes token-price movements when calculating changes in tracked balances.
Therefore, outflows may include customer transfers, internal wallet reorganizations or regulatory migrations rather than withdrawals linked to one incident. Binance’s positive weekly reading followed heavy monthly outflows around Europe’s July 1 MiCA deadline.
Meanwhile, Bybit progressively restricted its global platform for European Economic Area residents. Even with those factors, Gate’s seven-day outflow showed customer movement during increased attention around account security and withdrawal controls.
However, the data does not prove a solvency problem. Instead, it records a decline in tracked assets while the theft investigation and recovery efforts continue.
AI demand drives South Korean chip giant Samsung to accelerate production expansion, as its Yongin wafer fab plans to start mass production two years ahead of schedule.
Samsung Electronics plans to bring forward the mass production timeline of the first wafer fab at its Yongin semiconductor cluster in South Korea by two years, targeting to start operations in October 2029. Separately, SK Hynix is considering building new production facilities in the U.S., as AI demand drives South Korean semiconductor firms to accelerate expansion plans. Samsung originally planned to construct a total of six wafer fabs at the Yongin National Industrial Park, with the first unit scheduled to launch operations in 2031. Now, the South Korean government and Samsung have reached a consensus to advance the timeline to October 2029. The government will speed up the construction of key infrastructure including land development, power supply, and water resources to support the project’s early progress. For SK Hynix, following its successful listing on the NASDAQ on July 10, the company is weighing plans to build a new production base in the U.S. According to reports, SK Hynix has been studying the establishment of a semiconductor production hub in the U.S.—a region with a concentrated AI industry ecosystem—since the start of this year. Global storage chip leaders including Samsung Electronics and SK Hynix are ramping up production capacity to ease the chip supply crunch spurred by the AI sector. The South Korean government is also pushing for the development of new semiconductor industrial parks, and plans to accelerate project delivery by simplifying environmental assessments and optimizing approval processes. Industry insiders noted that while market concerns linger over a peak in the semiconductor cycle, current demand for chip production capacity remains robust. To compete for industrial dominance in the AI era, expanding semiconductor manufacturing capacity has become a key priority.
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Ian Ralby, senior research fellow at the Maritime Strategic Center and president of Auxilium Worldwide, warned that the war between the U.S. and Iran over the Strait of Hormuz cannot be resolved via military means, adding that ongoing fighting will only drive up global fuel and food costs. One side has the willingness to continue fighting, while the other is intent on further undermining and weakening its opponent’s capabilities. This in itself is the formula for the conflict to persist. Unfortunately, this could mean long-term problems for the Strait of Hormuz as a navigable waterway. Parties affected by the conflict may push for the resumption of diplomatic processes between the U.S. and Iran, but changing this dynamic will be difficult, as both sides are volatile and hold deeply entrenched interests tied to success and victory. Unfortunately, the U.S. has a very flexible definition of victory; for Iran, meanwhile, there is now a very clear desire to exact some form of retaliation for all that has occurred, a mindset that fuels prolonged violent conflict. (Jin10)
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Eric Trump: ETH is surging strongly, and cryptocurrency is the future.
Eric Trump, the second son of Donald Trump, posted on X: "ETH is surging strongly! Glad to see this! Cryptocurrency is the future."
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An address linked to suspected hackers spent $11.59 million to purchase 6,358 ETH.
According to monitoring by Onchain Lens, two on-chain addresses suspected to belong to the same entity purchased 6,358 ETH for approximately 11.59 million DAI, at an average transaction price of around $1,823. Onchain Lens stated that the relevant funds may belong to hackers, and the involved addresses are 0x18B44C68eA2Cd6B1E59731af8e49E62e90E92E66 and 0x5657de5CeBC75eca6B97a99A864a3ef07ed11e55.
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With all four semi-finalists of the 2026 US-Canada-Mexico World Cup confirmed, prediction market platform Predict.fun has updated its latest World Cup winner market accordingly. As of press time, the market assigns Argentina a roughly 20% chance to lift the FIFA World Cup trophy, France 39%, Spain 19%, and England 20%, with traders overall favoring France to win the tournament. The four semi-finalists are Argentina, France, Spain, and England, all traditional powerhouses in global football. Argentina and France are expected to maintain their strong form from the past two World Cups, Spain advanced to the last four behind a young squad, while England returned to the semi-finals led by key players including Harry Kane and Jude Bellingham. As the tournament enters the semi-final stage, trading activity in the prediction market for the champion continues to surge, and each team’s championship odds will adjust in real time as matches unfold.
The exchange recorded $207 million in net withdrawals over seven days following a high-profile user theft claim that spread rapidly across crypto social media. The outflows came after a verified Gate.io user, posting under the handle @jheioff on X, alleged that $1.7 million had been drained from their account despite having every security layer the platform offers turned on.
What actually happened The user claimed their account was compromised through unauthorized changes to their security settings, even though real-name verification, two-factor authentication, and email notifications were all active. Gate.io’s initial response made things worse, not better. The exchange pushed back, saying the actions on the account appeared to be user-initiated and that no systemic breach had occurred. Gate.io CEO Dr. Han stated publicly that the situation was fully disclosed and that customer assets faced no systemic risk.
Widespread criticism followed across X and other platforms, with users questioning whether the exchange’s security architecture was sound and, more pointedly, whether Gate.io would take any financial responsibility for the alleged loss. The backlash was loud enough that Gate.io eventually reversed course, issued an apology, and committed to a full investigation.
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The apology came. The $1.7 million, as far as public reporting shows, did not.
Why users started pulling funds The $207 million in net outflows over seven days is a direct expression of that calculus. This pattern is not new for Gate. In 2023, the exchange experienced withdrawal spikes ranging from $148 million to $176 million, triggered not by a confirmed exploit but by rumors circulating online. The 2026 incident follows a similar script, except this time there is an actual user with an actual claim attached to an actual dollar figure.
Gate.io’s history adds texture to the current anxiety. The exchange has faced scrutiny over a purported 2018 incident that some analysts have connected to roughly $230 million in losses that were never publicly disclosed by the platform. Gate.io has not confirmed that characterization, but the historical narrative exists and resurfaces every time the exchange finds itself in a security headline.
What this means for the broader market For Gate.io specifically, the sustained nature of the outflows, seven days of net withdrawals rather than a single-day panic, suggests this is not pure noise. A one-day spike can be dismissed as overreaction. A week of consistent net outflows is a platform bleeding trust in slow motion.
For traders still holding funds on Gate.io, the investigation timeline is the key variable to watch. If the exchange produces a transparent account of what happened and offers some form of restitution to the affected user, it has a path back to stability. If the inquiry goes quiet, the $207 million in outflows is unlikely to be the final number.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to monitoring by Onchain Lens, FalconX withdrew 73,900 HYPE tokens from Gate.io over the past seven minutes, valued at approximately $5.03 million.
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On-chain sleuth ZachXBT reported that LAB has plunged 85% over the past 24 hours, dropping from $14 to just under $2. At the $14 price level, its fully diluted valuation (FDV) reached $14 billion. Disappointingly, Binance, Bitget, and Gate failed to take action earlier to prevent this incident. He stated that if centralized exchanges (CEXs) truly prioritize their users, they should at minimum distribute profits generated by price-manipulating accounts to users. ZachXBT also added that LAB investor unlocks were originally scheduled to begin later this month, but multiple late-stage vesting period adjustments have occurred previously. He alleged that insiders control the entire circulating supply and have executed extreme price manipulation on CEXs through market makers. Trading LAB is not encouraged under any circumstances.
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PANews July 8 news, regarding the online rumor of "Gate hacked for 1.7 million", platform founder and CEO Dr. Han posted a tweet in response: The whole story is here. After reading, you will understand some of the turbulence. Earlier, Gate's official account had already provided a complete disclosure and review of the incident.
Gate Chinese earlier stated that the online rumor "Gate hacked for 1.7 million" is not a systemic risk or a website security vulnerability, and that platform customer assets and accounts are currently safe. Gate disclosed that the user involved reset their phone and email on a new device starting July 4, and passed liveness facial verification and multiple verification codes; on July 5, again passed facial verification and submitted multiple historical transaction records from 2019 to unbind the phone number; on July 6, modified the Google Authenticator, login password, and fund password; on July 7, logged in on a historical device, passed liveness, Google Authenticator, and fund password verification multiple times, then completed 5 withdrawals to a new address, totaling approximately 49.96 ETH, 746,475 HSK and 1,565,982 USDT, and only reported the fund loss to customer service on July 8. Gate stated that all operations are traceable and verifiable, and urged users to view relevant rumors rationally.
In response to the widely spread online "Gate stolen 1.7 million" incident, platform founder and CEO Dr. Han tweeted: "All the details of the incident are here. Some controversies will become clear after reading." Earlier, Gate’s official account had already released a full disclosure and review of the event. Earlier today, Gate issued an official announcement concluding that the viral "Gate stolen 1.7 million" news is not a systemic risk or website security issue, and currently guarantees the safety of all users’ assets and accounts. The incident has multiple suspicious points. The user previously completed facial live verification, provided three specified historical transaction records from 2019 as proof, and reset security settings via the original email verification code. All reset procedures were verified correctly through email code and fund password. Before processing the user’s five withdrawal requests, Gate conducted comprehensive identity verification including facial live verification, Google verification code, and fund password verification, all of which passed, before approving the withdrawals. The user subsequently reported the theft to Gate’s customer service. Gate confirms the above information is authentic and valid; all disclosed content is sourced from the platform’s complete backend operation data.
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A whale has aggregated approximately $5.85 million worth of HYPE and LIT assets into the same wallet.
According to monitoring by Onchain Lens, a crypto whale has transferred approximately $5.85 million worth of HYPE and LIT assets into a single wallet, with the funds likely accumulated through Galaxy Digital. The transferred assets consist of 78,100 HYPE tokens (valued at around $5.25 million) and 263,700 LIT tokens (worth approximately $601,000).
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Europe’s most ambitious crypto regulation went fully live on July 1, 2026. The Markets in Crypto-Assets framework, known as MiCA, replaced 27 separate national regimes with a single unified licensing system for crypto-asset service providers across the EU.
Dr. Lin Han, founder and CEO of Gate Group, warned in early July 2026 that MiCA’s success depends on universal compliance among crypto platforms. His position: as long as unregulated operators continue to serve EU clients, the goal of a fair competitive landscape will remain unattainable.
The compliance gap problem Licensed platforms invest heavily in compliance infrastructure, legal teams, and regulatory capital. Unlicensed overseas operators serving the same EU customer base carry none of those costs. The result is a structural imbalance that rewards ignoring the rules.
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Gate Technology Ltd, the EU-facing arm of Gate Group, obtained its MiCA CASP license from the Malta Financial Services Authority in late 2025. The license covers exchange and custody services. The company also secured a Payment Institution license under the revised PSD2 framework in early 2026.
The European Securities and Markets Authority, ESMA, has stated that non-authorized firms serving EU clients are in violation of EU law and must stop. No specific penalties for non-compliant platforms have been highlighted in present coverage.
Tether’s absence and what it signals Tether, the issuer of USDT, announced it would not pursue MiCA authorization. The company cited concerns about the reserve requirements MiCA imposes on stablecoin issuers.
USDT is the dominant trading pair on most global exchanges, and a significant volume of EU-based trading runs through it. If MiCA’s stablecoin rules effectively push the most liquid dollar-denominated asset out of compliant EU platforms, traders do not simply stop using USDT. They find other ways to access it, often through platforms that are not MiCA-authorized.
What this means for traders and the EU crypto market Smaller platforms that lack the capital to absorb MiCA compliance costs are already exiting the EU market or scaling back services.
Gate’s dual licensing, MiCA CASP plus PSD2 Payment Institution, gives it a broader service footprint than many competitors who cleared only one of those hurdles. That positioning becomes more valuable as the compliance barrier rises and fewer entrants can clear it. But its value depends entirely on regulators making that barrier real for everyone, not just the firms that volunteer to clear it.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
