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.
2026-08-20
09:42

Scope Prime Hires Glen Hastings from INFINOX and Former Golf Pro Freddie Price in July 2026

Scope Prime appointed Glen Hastings to its institutional sales team in London and Freddie Price as Institutional Business Development Manager in Dubai in July 2026. Hastings, who previously worked at INFINOX Global covering institutional foreign exchange and contracts for difference, brings an established network in prime-of-prime liquidity sales. Price transitions from Goldstone Group, where he served as Head of Partnerships, and brings local presence in the Middle East region after five years
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09:42

XRP Reclaims $1.15, Erasing 26 Days of Downside Momentum in Single Candle

XRP reclaimed the psychologically important $1.15 level today, erasing roughly 26 days of downward price action in a single daily candle, according to market analyst ChartNerd and CoinCodex data. The sharp rebound signals a potential shift in momentum, though traders are watching whether XRP can secure its first daily close above the 50-day exponential moving average (50 EMA) since May 2026, which has acted as a stubborn resistance level. XRP's technical recovery is accompanied by surging networ
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XRP11.69%
09:41

Stripe Acquires OpenRouter for $7B, Up From $1.3B Valuation Three Months Ago

According to official announcements, Stripe has acquired OpenRouter for approximately $7 billion today (August 20), marking a dramatic valuation increase from the startup's $1.3 billion valuation just three months prior. OpenRouter, a platform connecting businesses to over 400 AI models from more than 80 providers, will integrate into Stripe's infrastructure to enable intelligent request routing based on task complexity, pricing, and reliability. The platform processes over 10 trillion tokens da
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09:39

Japan's PM Kihara Holds First Call with UK PM Starmer on August 20, Agrees to Boost Security Cooperation

According to a statement from Japanese Prime Minister Takayoji Kihara on August 20, she held her first phone call with UK Prime Minister Keir Starmer at 4 p.m. local time. During the call, both leaders agreed to recognize that security in the Europe-Atlantic region and Indo-Pacific region is inseparable and to strengthen cooperation in security areas including the Global Combat Air Programme (GCAP), as well as advance collaboration on advanced technology and economic security.
09:37

China's Shanghai Index Rises 0.24% as Biotech Stocks Surge 20% on August 20

According to Yonhapinfomax, China's Shanghai Composite Index rose 0.24% to 3,903.72 on August 20, while the Shenzhen Composite Index gained 0.79% to 2,527.16, driven by a sharp surge in biotech stocks. Companies including Wusum Biology and Kangxi Pharmaceuticals each jumped over 20%, following announcements by Moderna and Merck on breakthrough cancer treatment developments the previous day. Meanwhile, Chinese semiconductor stocks declined despite positive sentiment from corporate buyback announc
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09:32

Binance Launches Agent OS Platform, Enabling AI Agents to Execute Trades via Sub-Accounts

According to TechCrunch, Binance launched Agent OS on Thursday, a platform that enables AI agents to analyze markets and execute trades on users' behalf. The platform integrates with tools including OpenAI's ChatGPT and Claude, allowing agents to access market data and user account information. Binance relies on dedicated sub-accounts to contain agent activity. Users assign agents to sub-accounts configured for specific trading activities, with withdrawals blocked by default. Users can require a
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09:32

Webull Q2 Revenue Hits $198.8M, Up 51% YoY; Stock Rises 14.7% After the Bell

According to Webull's August 19 earnings report, the online brokerage reported second-quarter revenue of $198.8 million, up 51% year-over-year and 24% sequentially, driven by record customer assets and trading volumes. Trading-related revenue surged 66% to $147.7 million, with equity notional volume up 73% to $279 billion and options volume rising 68% to 213 million contracts. Shares closed Wednesday at $8.64 after gaining 8.95% in regular trading, then surged 14.7% to $9.91 after the bell, acco
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09:31

SK Hynix Surges 12.7% After Announcing 40 Trillion Won Share Buyback on August 20

According to Hankyung Economic Daily, SK Hynix announced a record 40 trillion won share buyback and cancellation plan on August 20, driving its stock up 12.7% to 169.1 million won. The move triggered a sharp rally across South Korea's semiconductor sector, with the KOSPI index rising 5.9% to 6,852.58. JP Morgan estimates SK Hynix has an additional 181.5 trillion to 211 trillion won in shareholder return capacity through 2027, based on projected cumulative free cash flow and an upward revision of
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09:29

Samsung Electronics Announces 15 Trillion Won Shareholder Return Program on August 20

According to The Korea Economic Daily, on August 20, Samsung Electronics plans to announce a shareholder return program worth approximately 15 trillion won, exceeding earlier market expectations of 10 trillion won. The program will include stock buyback cancellations and special dividends, marking a record for South Korean listed companies. Samsung is expected to review the plan at a board meeting this month. The company will allocate 50% of its free cash flow to shareholder returns.
09:25

Oil Supply Bottleneck at Hormuz Threatens to Sustain High Prices, Risking U.S. Inflation Near 5 Percent

According to a recent investment strategy session by Shinhan Investment, the Strait of Hormuz supply bottleneck poses the primary risk to oil prices, potentially pushing U.S. inflation toward 5 percent. Oil prices surged to $120 per barrel earlier this year, fell to the $70s, and have since recovered to the $80s range, driven by supply concerns rather than geopolitical risk premiums alone. The Strait of Hormuz handles 20 percent of global crude oil flows, but alternative routes can cover only 60
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09:23

Shanghai Futures Exchange Expands Qualified Foreign Investor Access to Commodity Futures and Options on Aug 20

According to Jin10, Shanghai Futures Exchange released a notice on August 20 to expand the eligibility and participation scope of qualified foreign institutional investors (QFII) and renminbi-qualified foreign institutional investors (RQFII) in commodity futures and options trading. The notice specifies that futures company members must handle account opening in compliance with relevant regulations, manage trading permissions strictly, and implement suitability assessments for designated product
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09:23

Kakao Mobility Clarifies $1 Billion ADR IPO Scale Not Confirmed, Explores Options Today

According to Kakao's official statement today (August 20), Kakao Mobility clarified that the $1 billion ADR IPO scale reported in media is not yet confirmed. The company stated that the Kakao board has made no related decisions, and specific details remain undetermined pending further review. TPG, the second-largest shareholder, chairs the Shareholder Value Enhancement Committee, which is examining multiple options to recover the financial investor's capital, including an ADR listing backed sole
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