Gate Crypto Flash News and Market Updates

According to Odaily Daily, Yuanyu Tech declined 6.51% at the opening of A-share markets on August 20, with the stock trading at 790 yuan. The pullback follows a sharp 460% surge the previous day. The stock's futures contract on Trade.xyz was trading at $111.74.

According to Odaily, AI stocks surged at the U.S. market close today (August 20), with Tempus AI leading gains at up 24.09%. Other notable gainers included Marvell (up 9.85%), EPAM (up 7.1%), Atlassian (up 6.89%), and ServiceNow (up 6.45%). Major indexes rose modestly, with the S&P 500 up 0.21%, Nasdaq up 0.16%, and Dow Jones up 0.22%, while the VIX fear index fell 6%.

According to SoSoValue data, Solana spot ETFs saw net inflows of $2.1 million on Aug. 19, with Bitwise Solana Staking ETF (BSOL) recording $5.63 million in daily inflows. BSOL's historical cumulative net inflows have reached $907 million. Overall, SOL spot ETF total net inflows have accumulated to $1.161 billion to date.

According to PANews and SoSoValue, XRP spot ETFs saw net inflows of $2.3517 million yesterday (August 19). Bitwise XRP ETF (XRP) led with single-day net inflows of $1.1926 million, bringing its lifetime total to $516 million. Franklin XRP ETF (XRPZ) followed with $1.1591 million in daily inflows and $429 million in cumulative net flows. As of press time, total XRP spot ETF assets under management stood at $1.006 billion, with a combined lifetime net inflow of $1.521 billion.

According to SoSoValue data reported by PANews, the Hyperliquid ETF (THYP) recorded net outflows of $1.97 million on August 19 (Eastern Time), marking the sole net outflow among HYPE spot ETF products that day. The total assets under management for HYPE spot ETFs currently stand at $327 million, with cumulative net inflows reaching $282 million since inception.

According to BlockBeats, investor Duan Yongping disclosed his Micron Technology (MU) options holdings on August 20. On August 11, he sold 100 call option contracts expiring August 26 at a $870 strike price, receiving $375,500 in premium. On August 10, after his put options were exercised, he acquired 10,000 Micron shares at a cost of $870 per share, totaling $8.7 million.

According to PANews, on August 20, Arthur Hayes announced Flop Labs' Flop Network, a decentralized computing infrastructure using FLOP as its native token. The network aims to establish unified global pricing for AI computing power (measured in FLOPs), allowing AI agents and humans to trade computing resources at standardized rates. The FLOP token employs a fair launch model with no presale. Miners earn block rewards and inference fees through Proof of Useful Inference (PoUI), while AI agents pu

According to Stocktwits, shares of Webull Corp. (BULL) surged 14% in overnight trading on Wednesday after the financial platform posted record second-quarter results. CEO Anthony Denier attributed the strong performance to the elimination of the Pattern Day Trade (PDT) rule, calling it "a defining event for the quarter." Webull reported Q2 revenue of $198.8 million and earnings per share of $0.05, beating expectations. Equity notional trading volumes grew 73% year-over-year to $279 billion, whil

According to Jin10, China's central bank conducted no reverse repurchase operations on August 20, with 327.4 billion yuan in overnight reverse repos maturing, resulting in a net liquidity withdrawal of 327.4 billion yuan for the day.

China's central bank conducted zero 7-day reverse repo operations on August 20, according to its public market operations announcement. The People's Bank of China made the decision based on demand from primary dealers.

China's central bank has suspended its 7-day reverse repo operations for eight consecutive working days, with 327.4 billion yuan in reverse repo contracts expiring today (August 20), according to official central bank data.

Australia's seasonally adjusted unemployment rate for July will be released in 10 minutes.

According to on-chain analyst Yuren, a hacker purchased 18,273 ETH over the past 5 hours on August 20, spending approximately 38.535 million DAI and USDS at an average price of $2,109 per token. The stablecoins used were derived from 18,124 ETH received from Tornado Cash nine months earlier, which the hacker had previously sold at around $3,308 per ETH and converted to DAI and USDS, then repurchased during today's ETH rebound.

According to the interbank foreign exchange market, on August 20, 2026, the USD/CNY central parity rate stood at 6.7808, down 46 points, indicating yuan appreciation. The EUR/CNY rate rose to 7.8815, up 487 points, while GBP/CNY moved to 9.1793, up 207 points. JPY/CNY (per 100 yen) was at 4.2636, up 191 points. Other major pairs also showed shifts: AUD/CNY rose to 4.8041, CAD/CNY to 4.8840, NZD/CNY to 4.0016, and SGD/CNY to 5.3128.

According to Jin10 data, Moderna surged 177% overnight on August 20 following the company's announcement with Merck of successful results for a melanoma skin cancer vaccine in a large-scale trial. Meanwhile, multiple China-listed ETFs experienced significant premiums on August 20, triggering trading halts and buyback measures. Invesco Nasdaq-100 ETF and Harvest Nasdaq-100 ETF both halted trading at market open, resuming at 10:30 a.m., with premiums exceeding 23% and 10% respectively, prompting f

According to Yonhapinfomax, the Korean won weakened to the 1,380 level against the U.S. dollar today (August 20), hitting its lowest point since September last year. The won briefly fell to 1,385.20, while the U.S. dollar index declined to 98.7, marking a three-month low. Semiconductor companies including Samsung Electronics and SK Hynix have accelerated dollar selling due to large current account surpluses and domestic capital investment plans. The U.S. Treasury's move to double long-term Treas

According to Bitget, spot gold fell below $4,500 per ounce today (Aug 20), declining 0.51% intraday.

According to Yonhap Infomax, SK Telecom announced on August 20 a plan to gradually phase out its 3G mobile service. Effective today, the company suspended new 3G registrations, number transfers, and device upgrades for 3G users. The carrier is offering 3G customers three options for transition to LTE or 5G: free replacement with designated devices, discounted new phone purchases, or monthly bill reductions. SK Telecom launched 3G service in 2003; the company cited declining user base, equipment

South Korea's financial authorities are considering applying risk weights (RW) of 2 to 4 times the average to high-risk and high-priced residential mortgages, according to banking sources cited on August 20. Banks are currently running simulations to assess the capital impact, as the government has yet to provide clear standards for high-priced properties, leaving lenders to set their own thresholds at 30 billion won, 40 billion won, or 50 billion won. Unlike the January 2026 RW floor increase t

According to CFO Sarah Friar at an August 19 all-hands meeting, OpenAI plans to go public in 2027 and could list earlier, with the company's March fundraising of US$122 billion providing timing flexibility. OpenAI confidentially filed for an initial public offering with the US Securities and Exchange Commission in June. The company faces pressure to justify its US$852 billion valuation before listing. The number of shares to be offered and the price have not yet been determined.