Gate Crypto Flash News and Market Updates

According to Guru Club, spot gold expanded gains intraday on August 7, rising 2% to $4,325.36 per ounce.

According to SEC data reported by Axios, SpaceX's first major share lockup expiration occurred Thursday, Aug. 7, releasing approximately 912 million shares for potential trading and increasing the company's tradable float by more than 140%. Despite the significant supply surge, SpaceX shares rose 6.1% on the day, with trading volume reaching 255 million shares—roughly four times the average of the previous 10 sessions. Market strength was supported by the company's announcement that it plans to

South Korea's KOSPI index initially recovered to the 6,400 level in early trading today but reversed course to close lower, as foreign selling intensified. SK Hynix declined significantly after disappointing investors by failing to announce the shareholder return policy the market had anticipated, dampening investment sentiment.

SpaceX (SPCX) shares have fallen approximately 27% since listing amid concerns over aggressive AI spending, but Alex Morris, CEO and CIO of F/m Investments, said Friday that the recent pullback presents an attractive long-term investment opportunity. According to a CNBC interview, Morris noted Morgan Stanley's $300 price target "probably isn't that crazy on a five- or 10-year outlook," citing SpaceX's potential merger with Tesla and its innovation capabilities. While Morris expressed caution abo

According to BeInCrypto, mandatory signaling for the BIP-110 soft fork proposal is set to begin on August 6-7, 2026 at block 961,632, with Bitcoin facing a potential chain split if miners fail to signal readiness. As of August 4, only 2.60% of blocks (46 of 1,799) are signaling for versionbit 4, far below the 1,109 blocks needed for early lock-in during the remaining 217 blocks in the current period. The highest achievable signal count under current rates would reach only 263 blocks, according t

According to Hong Kong Technology Exploration (HKEJ: 01137), HKTVmall's July total merchandise trading value reached HK$759 million in July, up 12.4% year-over-year and 5.7% month-over-month. Daily average merchandise trading value was HK$24.5 million, growing 12.4% YoY and 2.5% MoM. Independent customer count stood at 674,000 users, rising 11.4% year-over-year and 3.7% month-over-month. The platform attributed the strong growth to ongoing promotional campaigns, including weekend discount activi

According to IBTimes, Nobel Prize-winning AI researcher Geoffrey Hinton warned at the AI4 conference in Las Vegas that advanced AI models are becoming increasingly difficult to control. Hinton stated that these systems are growing smarter and will develop increasingly complex intentions and stronger abilities to escape human oversight. He estimated the probability that advanced AI poses an existential threat to humanity at 10-20%, urging the industry to address potential risks now rather than af

According to an SEC filing disclosed recently, Singapore-based investment company Temasek Holdings reported holding 9.8 million Class A shares of SpaceX (SPCX.O).

According to Gate data, WTI crude oil fell below $76 per barrel today, down 1.78% intraday, while Brent crude declined 2.00% to trade at $81.07 per barrel.

Under Armour reported first quarter adjusted earnings per share of $0.050, beating the $0.02 estimate. First quarter revenue came in at $1.10 billion, down 3.2% year-over-year and below the $1.11 billion estimate. Operating profit surged to $46.7 million from $3.32 million in the prior-year quarter, significantly exceeding the $28.1 million estimate.

According to Coinglass data cited by BlockBeats, on August 7, funding rates across major centralized and decentralized exchanges indicate the market has shifted to a bearish stance amid minor Bitcoin strength.

On August 4 at 8:00 UTC, Bybit increased the collateral ratios applied to larger cryptocurrency positions under its Unified Trading Account Loans, allowing traders to access more borrowing capacity without selling underlying assets. The update covers 12 assets including Ethereum, Solana, BNB, Dogecoin, XRP, Cardano, Chainlink, Litecoin, Tron, Shiba Inu, Pepe and Polkadot. The most significant change applies to holdings exceeding the previous highest tier threshold, where the collateral ratio pre

According to Whale Alert, USDC Treasury minted 250 million USDC on Solana today, August 7, valued at approximately $250.03 million.

According to Beating, Herdr has joined Y Combinator F26. The tool functions as a terminal multiplexer designed for Coding Agents like Claude Code and Cursor, allowing developers to manage multiple agents in the background while maintaining persistent sessions even if the terminal closes or SSH connection drops. Developed solo by Can Celik over four months, Herdr has reached approximately 25,000 GitHub Stars and 340,000 downloads. The project's core runtime remains open source, with its license t

According to SEC 13G filing, Fidelity increased its stake in EH (Nasdaq: EH) to 4.49 million shares as of June 30, up from 1.68 million shares at the end of Q1, raising its ownership to 7.4% of outstanding shares. The investment firm is now the company's largest external shareholder.

According to Tesla and SpaceX's announcement, on August 6 the companies confirmed they will make an initial $16.8 billion investment to build the Terafab chip plant in Grimes County, Texas, north of Houston. The project, originally planned for Austin's Giga Texas campus, has been relocated as part of a joint venture with xAI. Total spending across multiple build-out phases could reach $119 billion. The facility, designed to house over 100 million square feet of manufacturing space, will produce

According to JPMorgan, XRP recorded the largest single monthly ETF inflow surge as a percentage of assets under management (AUM) of any cryptocurrency since July 2025, outperforming Bitcoin, Ethereum, and Solana. The figures, highlighted by market analyst Xaif Crypto, reveal rapid institutional adoption of XRP exchange-traded funds. Meanwhile, the XRP Ledger tokenization market reached approximately $4.3 billion, with institutions increasingly adopting the platform for real-world asset issuance

According to Moscow Times, Russia's Federal Security Service (FSB) and Interior Ministry conducted joint raids on Friday against illegal cryptocurrency exchanges in Moscow, arresting over 20 people and shutting down nine unauthorized money exchange channels allegedly used by telephone scam rings to launder stolen funds. One detainee disclosed in official video footage that the operation's daily money laundering volume reached $2 million. Most arrested individuals were young Russians aged 18–25,

According to BlockBeats, on August 7, an attacker drained $500,000 in assets from a victim's wallet and attempted to swap them for WETH using maximum slippage settings, inadvertently paying over $370,000 in fees during the process, according to monitoring by The Data Nerd. The attacker ultimately received 67.92 WETH, valued at approximately $129,000.

According to Foresight News, self-custody wallet Ready announced its application will migrate to the Base network later this month. Eligible users will then be able to obtain Ready cards again, subject to regional availability. Ready previously suspended card services in late July due to card issuer Kulipa ceasing operations, though user assets remained unaffected.