Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
14:26

Bitcoin Stays Range-Bound Below $64,000 on Soft July Inflation Data, Marks Quietest Trading Since 2019

According to Glassnode analysts, Bitcoin remained pinned below $64,000 on Thursday despite soft inflation data failing to spark buying interest. July's Consumer Price Index was largely unchanged, with core inflation slipping to 2.5%, while the Producer Price Index for final demand remained flat in July and rose 4.7% year-over-year, per the Bureau of Labor Statistics. Spot exchange volume has fallen to its lowest level since early 2019, with fewer bitcoins changing hands than at any point in seve
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BTC-0.18%
14:26

NaxinMicro Posts H1 2026 Revenue of 2.54B Yuan, Up 66.7%; Swings to 67M Yuan Profit

According to Gate News, NaxinMicro (02676) is expected to report H1 2026 revenue of approximately 2.54 billion yuan, up 66.7% year-over-year, driven by surging demand in automotive electronics, server power supplies, solar-storage, and industrial automation sectors. The company forecast attributable net profit of about 67 million yuan for the period, swinging from a loss of 145 million yuan in the prior year. Adjusted net loss is estimated at 48 million yuan, narrowing loss by 57.64 million yuan
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14:24

Kalshi Raises $750 Million at $40 Billion Valuation on August 13, Backed by Sequoia and Wellington

According to CoinDesk, Kalshi is raising $750 million at a $40 billion valuation, with backing from Sequoia Capital and Wellington Management. This marks Wellington's first investment in the prediction market platform. Kalshi has become the revenue-leading prediction market, up from a $22 billion valuation in May when it raised $1 billion. Polymarket, its closest competitor, is valued at $15 billion following a $600 million investment from Intercontinental Exchange (ICE) in August.
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14:22

Hyperliquid Will Rebalance HLP Idle USDC to Lending Strategy After Next Upgrade

According to Hyperliquid founder Jeff, after the next network upgrade, Hyperliquid Liquidity Provider (HLP) will rebalance underutilized USDC to its lending substrategy. Currently, HLP has total TVL of approximately $188.7 million, with around 79% of funds in idle cash and $40.06 million allocated across seven substrategy. The platform's native lending reserve holds approximately $762 million in assets, with USDC supply at $176 million and outstanding borrowing at $112 million, reflecting a 63.7
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HYPE2.98%
14:21

Zhongjixuanchuang to Acquire 10.47% Stake in Zhongshi Weiye Technology for 1.747 Billion Yuan

According to its official announcement, Zhongjixuanchuang (03308) signed an agreement on August 13 to acquire 31.3725 million shares (10.47%) of Beijing Zhongshi Weiye Technology for 1.747 billion yuan. The share price was set at 55.70 yuan per share. Before this transaction, Zhongjixuanchuang held no stake in Zhongshi Weiye; after completion, it will hold 10.47% of the company's total shares.
14:17

Databricks Closes $5 Billion Funding Round at $190 Billion Valuation

According to CNBC, Databricks closed a $5 billion funding round at a $190 billion valuation on Thursday. The company has crossed $7 billion in revenue run rate and grown more than 80% year-over-year in its second quarter. The funding will support enterprise AI capabilities, including its Unity AI Gateway governance tool and Genie agentic tool. Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led the round.
14:16

SK Hynix ADR Rises 1.89% to $158.88 on August 13 Amid Lower Oil Prices and Weak U.S. PPI

According to Yonhap Infomax, SK Hynix ADR rose 1.89% to $158.88 on August 13 (New York time), extending gains to three consecutive trading days. The advance was supported by declining international oil prices and softer-than-expected U.S. producer inflation data. West Texas Intermediate crude for September delivery fell 2.4% to around $81 per barrel, while the U.S. Department of Labor reported July's Producer Price Index (PPI) grew 0.0% month-over-month on a seasonally adjusted basis, below mark
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14:13

Binance Enables 1:1 Conversion of Tokenized Stocks to bStocks Through August 26

According to BlockBeats, on August 13, Binance announced support for users to deposit qualified third-party tokenized stocks and convert them 1:1 to corresponding bStocks. Through August 26, 23:59 UTC, conversions are fixed at 1:1 rate with zero fees. Currently supported assets include Tesla (TSLAon), MicroStrategy (MSTRon), Coinbase (COINon), and Circle (CRCLon), available on both ETH and BSC networks. Converted bStocks can be traded around-the-clock or redeemed 1:1 for underlying stocks.
ETH-0.57%
14:13

Securitize Shares Plunge Over 20% to $6.3 on August 13 as Q2 Earnings Miss Estimates

According to BlockBeats, on August 13, Securitize (SECZ) shares plunged over 20% intraday to $6.3 following weaker-than-expected quarterly results. The RWA tokenization platform reported Q2 revenue of $14.4 million, down 5% year-over-year and significantly below the analyst estimate of $20.6 million. The company posted a net loss of $21.7 million with an earnings loss of $2.37 per share, compared to an expected loss of just $0.15 per share.
14:10

Crypto Industry Revenue Fell 23% Year-over-Year to $47 Billion in H1 2026, 1kx Report Shows

According to 1kx's report released on August 13, crypto industry revenue declined 23% year-over-year to $47 billion in the first half of 2026. Revenue declines were driven primarily by weaker financial sector performance: centralized exchange, derivatives, and market maker revenue fell by $5.2 billion; on-chain DeFi revenue dropped 32% to $3.8 billion; and ETF and fund management fees declined by $1.1 billion. Staking and mining rewards dropped $6.2 billion, while blockchain-related revenue fell
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14:08

IREN Delivers First 50MW AI Data Center to Microsoft, Gains Nvidia 'Exemplar Cloud' Status; Stock Jumps 7.2%

According to Stocktwits, IREN Limited delivered Horizon 1, its first 50MW AI data center, to Microsoft on Thursday morning (August 13), as the company achieved Nvidia's 'Exemplar Cloud' status following Nvidia's testing of its GB300 NVL72 deployment at the facility. The milestone marks IREN's transition from Bitcoin mining toward AI infrastructure, with shares gaining as much as 7.2% in pre-market trade. Horizon 1 is the first of four planned 50MW deployments at IREN's Childress, Texas campus, c
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BTC-0.18%
14:08

Ether.fi Launches Tokenized Stock Trading, Portfolio Collateral Lending, and Fiat Accounts Covering 30+ Currencies

According to ChainCatcher, Ether.fi announced the addition of tokenized stock, metal, and crypto asset trading to its self-custody app, alongside portfolio collateral lending and global fiat accounts. Users can borrow against multiple holdings via an Optimism-based Aave integration market without selling positions. Fiat accounts support deposits and withdrawals across 30+ currencies and payment methods, though tokenized stock and metal trading remain unavailable to U.S. and certain other market
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ETHFI1.64%
OP-3.41%
AAVE-1.58%
ETH-0.57%
BTC-0.18%
14:04

SpaceX Stock Surges 35% in Five Trading Days After First Lockup Expiration on August 6

According to Bloomberg, SpaceX stock surged 35% in five trading days following the expiration of the first lockup period on August 6, adding approximately $500 billion in market value and breaking above its $135 initial public offering price. The rally defied market expectations of a significant selloff from early investors and suggests that future lockup expirations may not trigger the feared market impact.
14:04

Bill Ackman's Pershing Square Launches Pre-IPO Fund Pershing Square Ventures

According to ChainCatcher, Bill Ackman's investment firm Pershing Square has initiated the setup process for Pershing Square Ventures, a new fund targeting pre-IPO growth companies in artificial intelligence and biotechnology. The fund will operate under a perpetual capital model, allowing long-term holdings of portfolio companies and the ability to retain shares after investees go public. Ackman and Chief Investment Officer Ryan Israel stated in a shareholder letter that the new fund aims to ca
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