Gate Crypto Flash News and Market Updates

According to France's Meteorological Agency, the heatwave beginning in late July has become one of the longest on record, matching the duration of the 1983 heatwave.

According to Alibaba's Q1 FY2027 earnings disclosure, the company's capital expenditure reached 67.678 billion yuan (9.975 billion USD) in the three months ended June 30, 2026. The significant year-over-year growth in capex was driven by multiple factors, including procurement cycle fluctuations, increased CPU computing power demand from expected customer adoption of AI agents, and rising prices for various chip components.

According to China Earthquake Networks Center, a 4.9-magnitude earthquake occurred near Haixi Prefecture, Qinghai Province, on August 20 at 5:49 PM CST. The epicenter was located at latitude 37.78 degrees north and longitude 95.63 degrees east.

According to CoinDesk, social media platform X is in talks to pay content creators royalties in stablecoins, including USDC issued by Circle, according to an informed source. The negotiations are ongoing.

According to ChainCatcher, Popmart International Group (HK: 9992) reported revenue of 171.73 billion yuan for the first half of 2026, up 23.8% year-over-year, with net profit of 51.00 billion yuan, up 8.9% year-over-year. Gross profit reached 119.66 billion yuan, up 22.6% YoY. Basic and diluted earnings per share both increased 10.5% to 3.80 yuan and 3.79 yuan, respectively. As of June 30, 2026, the company held total assets of 310.28 billion yuan and cash reserves of 124.42 billion yuan.

Alibaba reported first-quarter financial results with mixed performance. Revenue reached 268.95 billion yuan, beating the estimated 268.52 billion yuan, while adjusted net profit fell to 20.72 billion yuan, missing the forecast of 25.58 billion yuan. Adjusted earnings per ADS came in at 8.52 yuan against expectations of 11.28 yuan, and adjusted EBITDA stood at 39.14 billion yuan, exceeding the estimated 36.92 billion yuan.

According to the U.S. Attorney's Office for the Western District of Texas, a federal jury convicted Ferrum Capital owners Joshua Allen and Michael Cox on all four counts on August 18 following a weeklong trial in San Antonio. Each defendant faces a statutory maximum of 70 years in prison. The charges include conspiracy to commit wire fraud, conspiracy to commit money laundering, conspiracy to launder monetary instruments and securities fraud. Prosecutors said the scheme raised approximately $80

Alibaba reported Q1 2026 results with revenue of 27.895 billion yuan, slightly exceeding the estimate of 26.852 billion yuan. However, adjusted earnings per ADS fell short at 8.52 yuan versus the estimate of 11.28 yuan. Adjusted EBITDA came in at 39.14 billion yuan, exceeding the forecast of 36.92 billion yuan, while adjusted net profit reached 20.72 billion yuan below the expected 25.58 billion yuan.

The UK's CBI Industrial Order Balances data is set to be released in 10 minutes. The indicator measures expectations for industrial orders from manufacturers and serves as a key barometer of economic demand in the manufacturing sector.

According to F&Guide, during the week of August 10-14, South Korea's semiconductor sector surged 17.7%, outpacing the broader KOSPI index's 11.5% gain. However, new ETF inflows concentrated on major index-tracking products rather than semiconductor-focused funds, signaling investors' interest in broader market participation. KODEX 200, South Korea's benchmark index ETF, received 662.7 billion won in net inflows—the largest among all ETFs during the period—followed by KODEX 200 Covered Call with

According to Korea Exchange on August 20, foreign investors shifted their portfolio focus during August 3-19, selling 27.67 trillion won in semiconductor stocks—including 20.95 trillion won from SK Hynix and 16.27 trillion won from Samsung Electro-Mechanics—while aggressively buying into pharmaceuticals, biotech, and beauty stocks. Celltrion topped purchases with net inflows of 263.4 billion won over 11 consecutive trading days, while Samsung Biologics accumulated 170.9 billion won in consecutiv

According to BusinessInsider, Berkshire Hathaway indirectly owns approximately 0.04% of SpaceX, with a market value exceeding $700 million. The stake is not held directly but comes as an ancillary asset through Berkshire's substantial position in Alphabet, Google's parent company, via a two-tier equity structure. This marks an unexpected capital intersection between billionaires Warren Buffett and Elon Musk, despite Musk's repeated public overtures for Buffett to invest in Tesla.

Futu Holdings reported second-quarter revenue of HK$7.2 billion in Q2 2026, up 36% year-over-year and significantly exceeding market expectations of HK$6.06 billion. Adjusted net profit reached HK$3.73 billion, up 40% year-over-year against analyst estimates of HK$3.09 billion.

According to Caixin, Alibaba announced fiscal 2027 first-quarter results with revenue of 369.5 billion yuan, up 9% year-over-year and slightly exceeding market expectations of 368.5 billion yuan. Adjusted net profit reached 207.2 billion yuan, falling short of the estimated 255.8 billion yuan, while adjusted earnings per ADS came in at 8.52 yuan, below the forecast of 11.28 yuan.

According to Coinglass, 5.97 million USDT flowed into Binance from an unknown wallet on August 20 at 17:42 UTC.

On August 20, Baidu released Xiaoxin Assistant Task Engine 2.0 and announced the product completely free, breaking the industry's subscription model convention. The engine supports autonomous planning and condition-triggered interactions, enabling end-to-end closed-loop delivery. Baidu's DAU grew 83% year-over-year in June.

According to Liquid Capital founder Yi Lihua, as reported by ChainCatcher, Bitcoin recently surged past $68,000. Lihua previously identified July and August as a potential final buying window, noting that BTC's strong rebound after the latest pullback may signal the end of the crypto market's downtrend cycle.

According to TheBlock, Bitcoin mining company Ionic Digital posted Q2 revenue of $48.6 million in 2026, up 31% year-over-year, driven by its transition from Bitcoin mining to artificial intelligence infrastructure leasing. The company recorded a net loss of $35.3 million, including $28.2 million in cryptocurrency fair value losses.

According to Dyna.Ai, the Singapore-based AI firm launched a proof of concept in Japan in August 2026 with Tokyo-based consultancy DOLBIX Consulting and IT provider Nikkoku Soft to test auto insurance AI at Toyota Corolla Kagawa dealerships. The tool will be tested in live showrooms and is designed to help licensed sales representatives handle insurance-related work amid labor shortages. The pilot will assess three features: policy lookup, compliance checklists, and automatic discussion summarie

According to Bitcoin.com News, Metaplanet is expanding its bitcoin treasury strategy to the United States through a deal with Nasdaq-listed Super League Enterprise. Under the definitive agreement, Metaplanet will contribute 2,100 BTC (valued at approximately $132.1 million) and $2.5 million in cash, receiving 44.86 million Super League common shares at $3 each along with preferred stock and warrants. The total investment is valued at $134.6 million. Super League will be renamed Superplanet Inc.