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.
2026-08-17
05:32

Bitcoin $1 Million Target by 2030 'Mathematically Impossible,' Says 10x Research Founder

According to Markus Thielen, founder of 10x Research, on August 15, Bitcoin reaching $1 million by 2030 would require approximately $15 trillion in new capital inflows, a figure he called "mathematically impossible." In remarks published by Cointelegraph, Thielen described the required capital as roughly a quarter of the entire U.S. stock market value and noted it would represent a 15x increase from Bitcoin's current price. "It takes trillions and trillions of dollars to move the price materiall
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BTC0.63%
05:31

Japan's Q2 Real GDP Grows 0.3% as Oil Import Decline Masks Weak Domestic Demand

According to Japan's Cabinet Office, the country's real GDP expanded 0.3% quarter-over-quarter in Q2 (April–June), achieving three consecutive quarters of growth, announced on August 17. On an annualized basis, this translates to 1.1% growth. However, domestic demand declined, with personal consumption down 0.02% and capital investment falling 1.2%. Net exports contributed 0.5 percentage points to growth, while domestic demand detracted 0.2 percentage points. The improvement was primarily driven
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05:31

Microsoft Azure Hits $100B+ Annual Revenue Milestone; AWS Growth Accelerates to 36.7% in 2026

According to Morgan Stanley and Bank of America research, Microsoft's Azure cloud business achieved a record annual revenue milestone exceeding $100 billion this year, as major hyperscalers begin demonstrating returns on massive artificial intelligence infrastructure investments. Amazon's AWS reported growth of 36.7%, marking its fastest expansion in 18 quarters, while Google Cloud and Meta also showed strong acceleration. Front-loaded by surging demand, the top four cloud service providers have
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05:31

Polymarket US-Iran 60-Day Talks Extension Odds Fall to 5%, Down 27% This Week

According to PPP prediction market tool, odds of the US and Iran extending a 60-day negotiation period on Polymarket have fallen to 5% this week, down 27% from the previous week. The market will settle on August 20 at 11:59 PM ET if both nations officially announce through government channels that they agree to extend talks; otherwise it settles as "No."
05:31

Japanese Automakers Face Dual Headwinds Amid Rising Yen and Middle East Conflict

According to Jin10, on August 17, Japanese automakers including Toyota, Honda, and Nissan face dual pressures from yen appreciation and Middle East conflict. Morningstar senior analyst Vincent Sun noted that rising yen will force carmakers to choose between raising overseas prices—risking market share—or accepting lower profit margins. Bernstein estimates that a 1% yen appreciation typically impacts operating profit by around 2%, with some firms facing up to 4% effects. Ongoing regional tensions
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05:29

BitMart Employees Demand Asset Disclosure and Repayment Plan by August 19

According to BlockBeats, on August 17, BitMart employees publicly called on the platform management to disclose asset status and a repayment plan by August 19. The open letter outlined ongoing issues: many users remain unable to withdraw assets, and some staff have not received their final month's salary or promised compensation. Employees demanded the platform publicly disclose wallets, assets, liabilities, and available reserves for third-party verification, along with details on when manageme
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05:25

Bitcoin Rises Above $64,000 on August 17, Up 0.5% as HYPE Jumps 9% for Week

According to CoinDesk, on August 17, Bitcoin rose above $64,000 in Asia, up about 0.5% on the day, though it remained nearly 3% lower over the past seven days. A weaker US dollar and lower expectations for a Federal Reserve rate increase failed to extend the rebound beyond recent trading ranges. HYPE, the native token of decentralized derivatives exchange Hyperliquid, rose more than 3% to approximately $59 and nearly 9% for the week, outperforming other major tokens including Ether, XRP, Solana,
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BTC0.63%
HYPE-1.37%
XRP1.30%
SOL1.98%
DOGE0.38%
05:21

South Africa Plans to Finalize OTC Derivatives Central Clearing Rules by 2028 for $9.3 Trillion Market

According to Jin10, South Africa's financial regulators plan to finalize new rules requiring over-the-counter (OTC) derivatives transactions to undergo central clearing within two years, with the rules expected to take effect by 2028. The South African Reserve Bank stated the framework aims to improve market transparency and reduce systemic risk. Rand-denominated interest rate swaps and forward rate agreements will be the first OTC derivatives mandated for central clearing, with other products t
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05:21

CZ Changes Stance on Hidden Token Feature, Trust Wallet to Optimize Entry Point on August 17

According to BlockBeats, Binance founder CZ stated on August 17 that the hidden token feature is a valuable wallet function, reversing his previous stance. CZ noted that Trust Wallet already has this feature but requires five clicks to access it, making the entry point difficult to find. He indicated that the Trust Wallet team plans to optimize the user interface for easier access to this function in the near future.
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05:20

SpaceX Stock Surges 29% in August as South Korean Retail Investors Pile In with $188M Net Purchases

According to Korea Securities Depository, South Korean retail investors net-bought $187.88 million (266.2 billion won) worth of SpaceX stock during August 3-14, making it the most-purchased foreign stock this month. Shares rallied to $140 on August 14, up 29.2% from a low of $108.37 on July 31, reflecting growing expectations around the company's artificial intelligence business expansion. AI revenue surged 248% year-over-year to $2.56 billion in the recent quarter, positioning it as a key growt
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05:19

Nvidia Slashes OpenAI Data Center Financing Guarantee to Under $120 Billion

According to Wall Street Journal, Nvidia has significantly reduced its financing guarantee for OpenAI's Ohio data center project to under $120 billion from an originally discussed $250 billion, amid investor concerns over the chip manufacturer's risk exposure to large financing initiatives. The downward adjustment comes as the two companies approach finalizing an agreement this week, with Nvidia now providing financial backing primarily for the project's first phase of approximately 5 gigawatts,
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05:14

Huzel and Pharmaresearch See Target Prices Hiked 52.9% and 27.2% on Export-Driven H1 Growth on August 17

According to Seoul Economy citing FnGuide, South Korean beauty medical device makers Huzel and Pharmaresearch received upward analyst revisions on August 17 following record export-driven earnings. Huzel's average target price rose to 391,429 Korean won, representing 52.9% upside from the 256,000 won close, with botulinum toxin export sales up 46.6% year-over-year to 149.4 billion won in the first half. Pharmaresearch's average target price climbed to 506,429 won, 27.2% above the 398,000 won clo
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05:13

Binance to Distribute MSFT and AMAT Dividends via bStocks on August 20

According to Binance's official announcement on August 17, the exchange will distribute Applied Materials (AMAT) and Microsoft (MSFT) dividends to users holding AMATB or MSFTB tokens through bStocks. Users holding AMATB or MSFTB balances at the snapshot time of August 20, 2026, 08:00 UTC+8 will receive dividends in the form of bStocks tokens, with net cash dividends reinvested as additional units of the same underlying securities.
05:13

Kakao Bank Plans to Cancel 270,000 Treasury Shares to Boost Shareholder Value

According to Korean Economic TV, Kakao Bank announced today (August 17) plans to cancel 270,000 treasury shares to enhance shareholder value. The company holds a total of 532,334 treasury shares as of end-June and will dispose of the remaining 262,334 shares for employee compensation purposes. Kakao Bank plans to seek approval for the detailed treasury share retention and disposal plan at its 2027 annual shareholders' meeting.
05:08

ANZ: RBNZ Likely to Raise Rates in October Despite November Election

According to ANZ, the Reserve Bank of New Zealand is likely to raise interest rates in October despite the country's November election, according to ANZ's senior strategist David Croy. The RBNZ has stated it aims to restore monetary policy to a neutral level, which ANZ estimates at around 3% or slightly above. The current official cash rate stands at 2.50%, suggesting further tightening is needed.