Gate Crypto Flash News and Market Updates

According to Zhitong Finance, Baima Tea (06980) proposed an interim dividend of 1.2 yuan per share on August 18.

Jane Street posted a $15 billion loss in July, marking the trading firm's first monthly loss in over a decade, with average daily losses of approximately $650 million. The significant downturn was primarily driven by losses in AI-related investments, including exposure to the Situational Awareness hedge fund founded by Leopold Aschenbrenner, which suffered steep declines amid a broader selloff in AI stocks during the month. Despite the setback, Jane Street's year-to-date net trading revenue has

According to Guru Club, on August 18, six departments of Inner Mongolia, including the Administrative Affairs Service and Data Management Bureau, jointly released measures to promote the development of digital economy. The policy supports enterprises in building large-scale AI data centers using domestically-manufactured chips, and provides guarantees on project land allocation, green electricity access, and energy consumption quotas. The initiative also encourages major model companies to prior

According to Odaily and on-chain analyst Yujin, Utree will list for trading tomorrow, August 19, with pre-market perpetual contracts on Hyperliquid priced at $102, approximately 683 yuan, valuing the project at 276.4 billion yuan. Relative to the initial public offering price of 150.8 yuan, the pre-market price represents a 6.7x increase.

According to BlockBeats, Fabrinet's stock plunged over 11% in premarket trading on Aug. 18 despite beating earnings expectations, with fourth-quarter adjusted earnings per share of $4.10 versus the consensus estimate of $3.81. Revenue surged 45% year-over-year to $1.32 billion, also exceeding analyst forecasts of $1.28 billion. However, weakness in data communications and concerns about the broader artificial intelligence infrastructure sector weighed on the stock. Data communications revenue de

According to Zhitong Finance, for the six months ended June 30, 2026, Lemo Technology (02539) reported revenue of RMB 443 million, up 2.3% year-over-year, with net profit of RMB 36.75 million, down 3.2% from the same period last year. Basic earnings per share stood at RMB 0.66. As of June 30, the company operated 102,290 massage chairs (up 1.98%), 446,448 massage pads (up 1.66%), and 52,511 service outlets (up 5.28%) compared to end-2025.

According to reports, Shenzhen-based robot maker Zhiji Motion has confidentially submitted a Hong Kong IPO application, targeting to raise up to $300 million. The company is working with CITIC Securities on the listing process. Zhiji Motion CFO Jesse Liu recently stated the company is preparing for an IPO but declined to provide further details. Founded in 2022, Zhiji Motion develops humanoid and modular robots, with backing from Alibaba, JD.com, and IDG Capital.

According to ChainCatcher, Yushu will list on August 19, with Hyperliquid pre-market futures priced at $102 (approximately 683 yuan), valuing the company at 276.4 billion yuan. The price represents a 6.7x increase relative to the 150.8 yuan IPO subscription price.

According to Iran's Foreign Minister Abbas Araghchi on August 18, the U.S. is "now begging" to negotiate on Iran's terms, according to Al Jazeera. Araghchi stated that a memorandum of understanding with the U.S. contains 13 favorable clauses for Iran and only one favoring the U.S., describing the outcome as a diplomatic victory. He added that Iran's military capabilities strengthen its negotiating position.

Alpaca has registered subsidiary Alpaca Derivatives as a futures commission merchant with the Commodity Futures Trading Commission and joined the National Futures Association, according to regulatory filings. The registration, under NFA identification number 0576042, provides the regulatory foundation for Alpaca to intermediate event contracts for its brokerage partners. However, the company has not commenced regulated business as an FCM, has not disclosed an exchange partner, and has not announ

According to CCTV, on August 18, French astronaut Sophie Adenot and U.S. astronaut Anil Menon conducted a spacewalk from the International Space Station. The extravehicular activity was expected to last approximately 6.5 hours. This was Adenot's first spacewalk, making her the first French woman to conduct an EVA.

Xiaomi reported second-quarter revenue of 109.2 billion yuan, exceeding expectations, with net profit of 9.46 billion yuan. However, smartphone shipments declined 26.5% amid storage price increases and weakening demand.

According to Zhitong Finance, Xiniu Technology (09600) issued a profit warning on August 18, predicting attributable loss of 27-37 million yuan for the six months ended June 30, 2026, a 43-58% decline from 64.4 million yuan in the same period of 2025. The company attributed the loss improvement to reduced fair value changes on equity investments, lower R&D expenses, and reduced impairment provisions on receivables and contract assets. Revenue for H1 2026 is projected at 80-90 million yuan, down

According to SemiAnalysis, OpenAI reduced prices for GPT-5.6 Sol model by 50% on August 18 across OpenRouter and Vercel's AI Gateway platform.

According to ChainCatcher data via GMGN, Solana Meme coin 67COIN surged to a $3.1 million market cap in a single day, with gains exceeding 99x. Meme coins are highly volatile assets with limited utility; exercise caution to avoid losses.

According to Tencent's official announcement, the company formally launched WorkBuddy, an AI product designed for government workflows. Starting late August, the AI assistant will be available to civil servants across Guangdong Province's administrative agencies, including the Medical Insurance Bureau and Small Business Service Center, which are currently piloting dozens of government scenarios. WorkBuddy can identify maternity benefit documents, conduct batch pre-reviews, and write results back

According to Korea Exchange, KOSPI's daily average trading value fell to 25.7 trillion won this month, marking the lowest level of 2026, down from 50 trillion won in May and June. Daily trading volume also declined to 321 million shares, reverting to August 2025 levels. The decline reflects weakened investor sentiment among retail traders following significant losses from last month's market volatility and leveraged investment setbacks. While KOSPI index itself has recovered, recently rebounding

Fireblocks appointed former US Securities and Exchange Commission Acting Chairman Elad Roisman as Chief Regulatory and Policy Officer and General Counsel, Regulatory, the company announced today. Roisman will lead the company's regulatory engagement across the US, Europe and other markets as US stablecoin restrictions on unlicensed issuance are set to begin on January 18, 2027. On the same day as the appointment, the US Treasury published proposed rules defining when a company is considered to i

According to data from August 17-18, 2026, Pump.fun's PUMP token printed its first golden cross, with its 50-day exponential moving average crossing above its 200-day EMA for the first time since launch. The technical breakout coincides with strengthening fundamentals: seven-day revenue reached $11.52 million, the highest level since February, placing Pump.fun fourth among all crypto protocols behind only Tether, Circle, and Canton. The protocol's buyback mechanism amplified the upside. Over the

According to Bitcoin.com News, Michael Saylor told investors this week that MicroStrategy (MSTR) shareholders should maintain a time horizon of at least 4 years, ideally 7 to 10 years, as the company executes its multi-decade bitcoin accumulation strategy. Strategy currently holds $4.8 billion in cash, primarily allocated to fund dividend payments on its STRC preferred stock. Saylor stated buybacks would only become likely if MSTR traded at a steep discount to net asset value (NAV). As of now, S