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.
Today
13:11

China's Securities Regulator Orders Tianhua New Energy to Clarify CATL Related-Party Transaction Pricing for Hong Kong IPO

According to a public notice released by China's Securities Regulatory Commission (CSRC) on August 14, Tianhua New Energy (300390.SZ) received supplementary disclosure requirements for its Hong Kong IPO application. The CSRC requested the company to clarify whether related-party transactions with CATL were priced fairly and whether any profit transfer occurred, among other regulatory concerns including border investment compliance and litigation disclosures. The company submitted its Hong Kong m
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13:11

China Securities Regulatory Commission Requires Huagong Technologies to Clarify Foreign Subsidiary Compliance on August 14

According to the China Securities Regulatory Commission on August 14, the regulator issued supplementary disclosure requirements to Huagong Technologies (000988.SZ), requiring the company to provide detailed information on foreign investments, foreign exchange registration, and regulatory compliance across all overseas subsidiaries, along with a conclusive legal opinion on such compliance. The company also must explain the necessity and rationale of its Hong Kong IPO plan in conjunction with its
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13:11

Hui Cai Holdings (01180) Reports HK$82.6M Loss in H1 2026, Swings From Prior Year Profit

According to Smart Finance, Hui Cai Holdings (01180) reported a loss of HK$82.6 million for the six months ended June 30, 2026, compared to a profit of HK$178 million in the same period last year. The swing from profit to loss was primarily driven by the termination of the group's casino management services business in Macau, which ceased operations on December 2, 2025 and generated no revenue in the reporting period versus HK$383 million in H1 2025. Additionally, sales and rental revenue from e
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13:10

Nasdaq-Listed StablecoinX Reports 3B ENA Reserve Worth $218.4M as of June 30

According to Globenewswire on Aug 14, Nasdaq-listed StablecoinX disclosed its first financial report with approximately 3 billion ENA tokens in reserve, valued at approximately $218.4 million as of June 30. The reserve includes 285 million ENA contributed by Ethena Foundation and 2.75 billion ENA obtained through cash and in-kind investments from PIPE investors. StablecoinX completed its business combination with TLGY Acquisition Corporation, becoming one of the first publicly listed companies t
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ENA-2.22%
13:07

Strategy, Metaplanet Face Potential MSCI Index Removal as November 2026 Vote Looms

According to MSCI's proposal, Strategy and Metaplanet face potential removal from the MSCI Global Investable Market Indexes as soon as November 2026 due to new financial screens targeting bitcoin treasury companies, with analysts estimating $1.8 billion to $2.0 billion in forced selling pressure on Strategy alone. The index provider opened a consultation on new eligibility criteria that would screen out companies with limited operating businesses relative to their balance sheets. Under the propo
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BTC-0.77%
13:05

SpaceX Completes $60 Billion Acquisition of AI Coding Startup Cursor on August 14

According to Jin10, SpaceX completed its $60 billion acquisition of AI coding startup Cursor on August 14, marking one of the largest tech deals on record. The transaction became effective following Cursor's two-month post-announcement period, according to regulatory filings. Cursor's AI assistant, launched in 2023 to help programmers write and debug code more efficiently, became one of the fastest-growing startups and plays a central role in enabling developers to build with AI-powered chatbot
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13:02

Kraken Partners With Nasdaq on $25B Tokenized Equity Bridge; Trump Media Unwinds Crypto.com Deals After $238M Loss

Payward, the parent company of Kraken, partnered with Nasdaq this week to build an "equities transformation gateway" connecting tokenized equity markets with open blockchain networks. Kraken's xStocks product has already processed over $25 billion in transaction volume with more than 85,000 unique holders, and $4 billion of that volume has settled on-chain. Nasdaq plans to launch its issuer-sponsored equity token design in the first half of 2027, with xStocks powering the on-chain infrastructure
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CRO3.20%
BTC-0.77%
13:02

South Korea's NPS Boosts U.S. Stock Portfolio 18% in Q2, Adds SpaceX and IonQ

According to SEC 13F filing released on August 13, South Korea's National Pension Service increased its U.S. stock portfolio value by 18% to $155.1 billion as of June 30, 2026. The fund held 552 U.S. stock positions, adding SpaceX (3.5 million shares worth approximately $598 million) and IonQ (70,000 shares worth approximately $3.9 million) as new investments. NPS trimmed its Nvidia holding by 440,000 shares while expanding positions in most other Magnificent 7 stocks, including Apple, Microsoft
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13:01

Tianyin Group Subsidiary Invests RMB 2 Million in Energy Storage Company on Aug 14

According to an announcement on August 14, Tianyin Group Holdings' (02221) subsidiary Tianjin Tianchuang agreed to invest RMB 2 million in Beijing Shengrui Zhizhu Technology, with two co-investors contributing RMB 1.75 million and RMB 1.25 million respectively, bringing total registered capital to RMB 5 million. Following the investment, Tianyin Group will hold 40% equity in the target company and consolidate it as an associate company in its financial statements. The investment targets new ener
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13:01

OpenAI Cuts Mid-Tier Model Prices 25% as Chinese AI Rivals Gain Ground

According to Guru Club and data from Silicon Data, OpenAI and other leading U.S. AI laboratories have significantly reduced mid-tier model prices since mid-July to retain customers, with actual spending by clients on these models dropping approximately 25%. Chinese AI companies are gaining customers by offering higher-value alternatives.
13:01

Global Tech Giants Expand China Partnerships; Chinese EVs, Batteries Command 63% and 70% Market Share

According to Counterpoint Research and IDC, major global enterprises including Apple, Ford, Volkswagen and Stellantis are deepening partnerships with Chinese technology companies across AI, electric vehicles and battery sectors. Apple leverages Alibaba and Baidu for AI services in China, Ford deploys CATL's lithium iron phosphate battery technology for a $3.5 billion Michigan battery plant, Volkswagen collaborates with XPeng on smart EVs, and Stellantis expands production and joint procurement p
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13:01

U.S. Bitcoin ETFs See $131.1M Net Outflows on August 14 as ARKB Leads Redemptions

According to Guru Club, U.S. spot Bitcoin ETFs experienced $131.1 million in net outflows on August 14, marking the second consecutive day of outflows with accelerated redemption pace. Data compiled by WoofunAI showed Ark Invest's ARKB.US leading redemptions with $58.8 million in outflows, followed by Fidelity's FBTC.US at $55.1 million and Grayscale's GBTC.US at $36.3 million.
BTC-0.77%
13:01

Guangzhou Haizhu District Releases Ciyuan Eight Provisions With Up to 1.5M Yuan Support Per Year

According to Interface, Guangzhou Haizhu District released the "Ciyuan Eight Provisions" policy on August 14, spanning token production efficiency, service aggregation, distribution hubs, application scenarios, infrastructure cultivation, industry upgrades, financial services, and overseas expansion. On the production side, the district encourages large language model enterprises to optimize token output per chip unit, offering subsidies up to 50% of actual investment for qualifying firms, cappe
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13:01

1,755 Bitcoin Stolen from Coldcard Wallets Due to Key Generation Flaw

According to Guru Club on August 3, Coinkite Inc. disclosed a security vulnerability in Coldcard hardware wallet's key generation mechanism affecting approximately 5,000 users. Galaxy Research data shows attackers transferred over 1,755 bitcoin from affected wallets, valued at approximately $110 million as of August 3. Block Inc. engineering team identified that the Coldcard software generates predictable recovery seed phrases, compromising the security of devices marketed as a safe offline stor
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BTC-0.77%