Gate Crypto Flash News and Market Updates

According to California prosecutors led by Rob Bonta, Meta faces a major trial regarding Facebook and Instagram that began Tuesday, with jury selection completed last week. Prosecutors from 29 states allege Meta deliberately designed addictive products targeting children and teens while misleading the public about platform harms, violating the Children's Online Privacy Protection Act (COPPA) and state consumer protection laws. Meta's attorneys estimate the 29-state lawsuit could result in damage

According to an announcement on August 17, Sungao New Energy (01250) forecasts that for the six months ended June 30, 2026, the company's net profit attributable to shareholders will be approximately 139 million to 170 million yuan, down significantly from 287 million yuan in the same period of 2025. The decline was attributed to reduced power consumption due to grid constraints, a decline in average electricity prices, and lower wind and solar resources, which collectively reduced power generat

JPMorgan Chase raised its Nikkei 225 index target for end-2026 to 4,600 points from the previous target of 4,400 points.

According to its announcement, Copper Master (00664) issued a profit warning on August 17, forecasting H1 2026 net profit of 10–15 million yuan, down 94–95% year-over-year from 30.2 million yuan in the prior-year period. The company attributed the decline to rapid expansion of direct-operated stores (now 65 locations, up from 10 a year earlier, representing 5.5x growth) and associated operating expenses, as well as capacity upgrades at its newly operational second production center, which increa

According to ChainCatcher, Canaan disclosed an unaudited Bitcoin mining update as of July 31, 2026, reporting 46 BTC mined during the month. As of month-end, the company's cryptocurrency reserve stands at 1,917 BTC and 3,952 ETH. In North American non-joint-venture operations, average energy efficiency remained at 17.9 J/TH, while the Alborz joint venture ended July with operational hash rate reaching 4.2 EH/s and installed capacity of 4.85 EH/s.

According to an official announcement, Shang Mei Shares (02145) expects revenue for the six months ended June 30, 2026, to reach approximately 3.718 billion to 3.759 billion Chinese yuan, down 8.5% to 9.5% from approximately 4.108 billion yuan in the same period of 2025. Net profit attributable to the company is projected at 120 to 130 million yuan, declining 76.6% to 78.4% from approximately 556 million yuan a year earlier. The revenue decrease is primarily attributed to Hanbang, a high-revenue

According to Iranian media on August 17, Iran's Islamic Revolutionary Guard Corps denied that its officials had engaged in secret channel communications with the United States.

Traders said Russian ESPO mixed crude oil cargoes for October delivery have recovered a premium to ICE Brent crude oil, driven by strong demand.

According to Austria's Financial Market Authority, Bitpanda GmbH was fined €70,000 ($81,130) last week for violations of the EU's Markets in Crypto-Assets Regulation (MiCA), marking the first published legally binding penalty under the framework in Austria. The FMA said Bitpanda failed to submit a crypto-asset white paper at least 20 working days before publication, distributed marketing communications before the required white paper was published, and failed to include required disclosures and

According to Daishin Securities, on August 17, GS Construction's 12-month price target was raised 22.2% to 44,000 Korean won from 36,000 won, maintaining a buy rating. The brokerage cited improving profitability in the residential segment as high-cost projects wind down and higher-margin projects begin revenue recognition. It also highlighted new growth drivers including a 2.4 gigawatt AI data center pipeline in the Donghae region targeting completion by 2029, and potential nuclear power project

President Trump is expected to meet with the CEOs of major crypto and prediction market platforms this week, with a White House gathering scheduled for Wednesday ahead of the Commodity Futures Trading Commission's inaugural Innovation Advisory Committee session on Thursday. The CFTC committee includes executives from Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi, alongside heads of CME Group, Nasdaq, Intercontinental Exchange, and the DTCC. CFTC Chairman Mike Selig is confirmed to

According to the UK Maritime Trade Operations, a cargo vessel was boarded by eight armed unauthorized personnel. No further details regarding the vessel's identity, location, or current status were immediately disclosed.

According to Bloomberg, Paramount has extended the deadline for its exchange offer and tender offer for Warner Bros.

According to sources familiar with the company's plans, OpenAI has undergone nearly five management reshuffles in 2026, intensifying internal turmoil. The company's initial plan to go public this year is now likely to be postponed to 2027.

According to market data, China's futures market opened higher overnight on August 17, with ethylene glycol (EG) rising over 3% leading gains. Pure benzene, PTA, and crude oil (SC) each climbed over 2%, while asphalt, fuel oil, bottle chips, liquefied petroleum gas (LPG), propylene, plastics, and BR rubber each gained over 1%. Starch fell nearly 1%.

According to All-In Podcast on August 15, Anthropic CEO Dario Amodei told staff internally that the company could become the world's only private corporation. The podcast cited internal discussions showing extreme optimism about future revenue growth, with the company positioning itself in a 10x growth phase.

According to Smart Financial, Enterprise Smart Holdings (01808) posted a net loss of approximately RMB 125 million in H1 2026, compared to a net profit of RMB 45 million in the same period of 2025. The loss was primarily driven by a share of losses from an associate company and increased provisions for impairment of receivables.

According to an announcement, Xinqi'an (02573) issued a profit warning for the six-month period ending June 30, 2026, projecting a consolidated loss of 48.8 million to 65.8 million yuan, compared to a net profit of 24.4 million yuan in the same period last year. The company attributed the swing from profit to loss to four factors: uncertainties in global trade policies and weak macroeconomic environment reducing market demand; intensifying market competition and price pressures lowering average

According to CNBC's exclusive "Squawk Box" interview on Monday, OpenAI President Greg Brockman downplayed concerns about executive departures at the AI company, stating the departures are "actually that atypical" and that the company receives heightened scrutiny due to being "so much in the spotlight." Last week, OpenAI's Chief Revenue Officer Denise Dresser departed after eight months at the company, taking on enterprise sales responsibilities aimed at competing with Anthropic. She replaces Bra

According to Huobi HTX's official announcement, the exchange opened spot and grid trading for NiuLai/USDT on August 17 at 22:00 UTC+8. Deposit services are already live, while withdrawal services will begin on August 18 at 22:00 UTC+8.