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.
2026-08-18
12:17

Glassnode Warns Bitcoin Buyers Absent, May Fall to $52,800 if $58,500 Breaks on August 18

According to Glassnode on August 18, Bitcoin is in a highly contracted state with absent buyers, currently trading between $63,000–$68,700. The 30-day Seller Exhaustion Constant has fallen to its lowest level since 2013, though it has not yet confirmed a historic market bottom signal. If BTC breaks below $58,500, the next support level could potentially drop to $52,800, according to Glassnode data. The on-chain metrics indicate selling pressure is weakening, but market trading activity has reach
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BTC6.16%
12:16

Zhuang Shang Land Reports H1 2026 Loss of 271M Yuan, Revenue Down 21.27%

According to Zhuang Finance, Zhuang Shang Land (00978) reported H1 2026 results with revenue of approximately 3.857 billion yuan, down 21.27% year-over-year. The company recorded a loss attributable to owners of approximately 271 million yuan, a decrease of 1.72% compared to the same period last year, with earnings per share losses of 4.63 cents. The revenue decline was attributed to reduced total floor area of completed and delivered properties in the first half of 2026.
12:13

Citi Launches Custody+ Suite with Real-Time Settlement, Cuts Processing Times by 92%

According to Business Wire, Citi Investor Services launched Custody+ on August 18, a real-time settlement and asset custody solution suite designed to address compressed settlement cycles and perpetual trading demands. Using Single Event Processing (SEP) technology, the platform has reduced voluntary corporate action processing times by up to 92%, with 96% of U.S. voluntary events completed within two hours and over 80% of all event volumes achieving real-time processing. Custody+ includes real-
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BTC6.16%
12:13

Yujin Investment Securities Maintains Overweight on Robotics Sector on August 19

According to Yujin Investment Securities, the brokerage maintained an overweight rating on South Korea's robotics sector on August 19, citing accelerating revenue growth among core companies following the completion of second-quarter 2026 earnings releases. The firm did not provide individual price targets for specific stocks.
12:09

Bybit Intercepts $700M in Potential User Losses in First Half of 2026

According to a risk report published on August 18, Bybit intercepted over $700 million in potential user losses between January and mid-June 2026, blocking more than 30,000 suspicious withdrawal requests and protecting approximately 20,000 users. The figure represents a significant increase from $300 million intercepted throughout 2025 under the exchange's AI-driven risk framework.
12:07

Shenglong Jinxiu International (08481) Reports H1 2026 Loss of 10.517M HKD as Revenue Falls 14%

According to Shenglong Jinxiu International's H1 2026 earnings release, the company reported revenue of 232.6 million HKD for the six months ended June 30, 2026, down 14% year-over-year. Net loss reached 10.517 million HKD compared to a profit of 19.954 million HKD in the prior-year period, with basic loss per share of 2.60 cents. The revenue decline was driven by lower demand across Chinese and overseas markets. Overseas revenue fell 18%, with reduced orders from Pakistan, the United Arab Emira
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12:06

E-Infotech Holding Controls Transfers 25% Stake to Terminus Consumer on August 18, Receives 45.88% Equity

According to an announcement, the controlling shareholder of E-Infotech Holding (02442), Tianfu International Group Limited, completed the transfer of 102 million shares (representing 25% of the company's total issued capital) to Terminus Consumer Limited on August 18, 2026 (post-trading session). In exchange, it received approximately 45.88% equity stake in a Terminus Consumer subsidiary.
12:06

Scale AI Launches RSI Bench to Test AI Self-Improvement Capabilities

Scale AI has introduced RSI Bench, a benchmark designed to test whether AI systems can independently conduct AI research like human researchers. The benchmark provides AI models with access to papers, code, and computational resources, then evaluates their ability to design experiments, tune parameters, iterate methods, and improve upon baseline models. According to initial testing, Claude Opus 5 and GPT-5.6 Sol have demonstrated capabilities in running autonomous experiments and parameter optim
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12:06

Korean Retail Investors Buy Hynix ADR at 10% Premium Amid Domestic Market Weakness

According to CNBC on August 17, citing Korea Securities Depository and exchange data, Korean retail investors increasingly turned to U.S. stock markets to avoid domestic market adjustments. The shift mirrors investment behavior toward artificial intelligence, semiconductors, and leveraged products, though now directed at U.S. listings. Hynix ADR traded at approximately 10% premium to domestic prices, reflecting the trend of Korean individuals seeking exposure to chip stocks via American exchange
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12:05

Foreign Investors Buy 86 Billion Won in SK Hynix, Maintaining Five-Day Buying Streak on August 18

According to Korean Economy TV, foreign investors maintained net buying in South Korea's equity market on August 18, concentrating purchases on SK Hynix with 86 billion won in net inflows. This marked the continuation of five consecutive trading days of net buying by foreign investors, though intraday net buying volumes, which had expanded to 1.1 trillion won, contracted during the session.
12:05

Brunswick Bets on AI Navigation Technology to Drive Revenue Beyond New Boat Sales

According to CNBC, Brunswick Corp., the parent company of Sea Ray and Boston Whaler, announced during its August investor day that it is betting on advanced AI navigation and autonomous docking technology to boost sales in a sluggish market. The company also outlined 2030 financial targets of $7–8 billion in revenue, $8–12 earnings per share, and 10–13% operating margins. Additionally, Brunswick's Freedom Boat Club subscription service has tripled its membership to over 63,000 members since 2019
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12:02

German Corporate Closures Hit 20-Year High in 2025, Up 10% to 180,000

According to a joint analysis by German credit reporting agency Creditreform and the Centre for European Economic Research released on August 18, over 180,000 German companies ceased operations in 2025, a year-on-year increase of nearly 10% and the highest level in 20 years. The data, reported by German news agency DPA, ranks 2025 as the second-worst year for business closures since 2007, when approximately 208,000 companies shut down. The hospitality sector was particularly affected, with aroun
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12:02

94% of Mainland Enterprises Plan to Expand into Belt and Road Markets, Choosing Hong Kong as Service Platform

According to the Hong Kong Trade Development Council on August 18, a report titled "Mainland Enterprises Going Global: Choosing Hong Kong as Service Platform" shows that 94% of surveyed mainland enterprises intend to expand into Belt and Road countries and regions, up significantly from 73% in 2023. Among 2,015 companies surveyed across key regions including the Pearl River Delta, Yangtze River Delta, Bohai Bay, and central-western areas, 91% plan to tap Southeast Asian markets, while over 40% t
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12:02

RBC Cuts EyePoint Price Target 86% to $5 After Wet AMD Trial Fails Primary Endpoint

According to RBC Capital and H.C. Wainwright, EyePoint Inc. (EYPT) shares remained under pressure on Tuesday after the company announced its Phase 3 wet age-related macular degeneration trial missed its primary endpoint. RBC downgraded EyePoint to 'Sector Perform' from 'Outperform' and slashed its price target by 86% to $5 from $37, citing clinical and regulatory uncertainty. H.C. Wainwright also downgraded the stock to 'Neutral' from 'Buy'. EYPT crashed 67% to a 16-month low on Monday and was d
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12:01

Yuantong International Express Reports HK$2.184B Revenue, Up 54.4% in H1 2026

Yuantong International Express (06123) posted revenue of HK$2.184 billion for the six months ended June 30, 2026, up 54.4% year-over-year, according to its interim results announcement. Net loss attributable to equity holders expanded to HK$61.691 million, a 2.1% increase from the same period last year, with basic loss per share at 14.76 Hong Kong cents. The widening loss was primarily driven by increased administrative expenses as the company strengthened investments in international expansion
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