Gate Crypto Flash News and Market Updates

According to KoreaTimes, five major South Korean exchanges saw $367 million in stablecoins move offshore in June alone, continuing an 18-month outflow trend. The outflows come as South Korea tightens crypto regulations, with Bybit, MEXC, and HTX losing access to the local Google Play Store and new restrictions on fund transfers now requiring exchanges to collect user information including names, transfer reasons, and fund origins. Transfers exceeding 10 million won (roughly $7,000) sent overseas

According to Bitfinex analysts, as of August 14, Bitcoin miners' daily revenue (block subsidy plus transaction fees) has declined 3X since October 2025, falling from $60 million to $20 million, yet selling pressure remains subdued. BTC currently trades at $63,300, approximately 17% below the $76,500 average mining cost. Bitfinex noted that the Puell Multiple stood near 0.7 and the Miners' Position Index at -1.2, indicating revenue below yearly average with subdued outflows. "At current prices, B

According to SEC filings, Nasdaq proposed on August 14 that the SEC establish standardized requirements for options listings on crypto-backed ETFs holding digital assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The proposal would streamline approvals by eliminating the need for individual approval processes for each ETF options listing. Meanwhile, BlackRock's Bitcoin ETF saw net inflows in the last 24 hours that exceeded combined selling from major competitors including Fidelity, AR

According to Lookonchain, a Hyperliquid whale sold 1.95 million HYPE tokens worth approximately $110.46 million recently. The address sold 1.03 million HYPE worth $57.44 million two weeks earlier, followed by another 923,743 HYPE worth $53.02 million. At press time, HYPE traded near $56.89, down 0.32% daily, after establishing support at $53 and climbing to a local high of $57. The whale still holds 969,595 HYPE worth $55.5 million after both sales.

According to Sino-Tech Finance APP, Yueda International Holding (00629) reported interim results for the six months ended June 30, 2026, with revenue of 38.498 million yuan, up 19.35% year-over-year. Net profit attributable to shareholders reached 15.87 million yuan, up 3.37% year-over-year, with earnings per share of 1.36 cents.

According to its interim results announcement, Xinrong International (01587) reported revenue of 321.6 million yuan for the six months ended June 30, 2026, up 1.5% year-over-year. The company recorded a net loss attributable to shareholders of 48.07 million yuan, compared with a profit of 17.694 million yuan in the same period a year earlier. Basic loss per share was 0.07 yuan. The loss was primarily driven by non-cash fair value losses on the group's equity investments.

Sinohytec (02402) issued an earnings prewarning on Friday, announcing that group losses for the six months ended June 30, 2026 are expected to decline approximately 35%-45% year-over-year. The improvement was driven by enhanced supply chain management reducing inventory costs, lower operating expenses across sales and administration, and a reversal of prior provisions for bad debts that converted net asset impairment losses to gains.

According to its interim results announcement, Sunshine Energy (00757) expects an unaudited net loss attributable to shareholders of between 50 million and 65 million RMB for the six months ended June 30, 2026, compared with approximately 109 million RMB loss in the same period of 2025. The company attributed the reduced loss to increased revenue, improved gross margins, and lower impairment losses on financial and contract assets. Management remains confident in the company's long-term developm

According to Reuters, Workday Inc. (WDAY) stock surged nearly 18% on Thursday following reports of acquisition talks with private equity firm Silver Lake, closing at $206.45 and lifting the company's valuation from $43 billion to approximately $51.1 billion. The potential deal marks a significant move in the software sector, which has underperformed the broader market in recent years.

New Zealand dollar against US dollar (NZD/USD) gained 0.50% during intraday trading on August 14, reaching 0.5878.

According to official disclosure on August 14, LS Electric recorded operating profit of 141.3 billion won for Q2 2026, representing 71.3% year-over-year growth. The achievement marks the first time in 13 years since the company's 2013 spin-off that it has reached 100 billion won in quarterly operating profit. The growth was driven by surging demand for high-voltage submarine cables and busduct systems (power distribution equipment for data centers) from U.S. AI datacenter operators. LS Electric

On August 13, Narayana Health, a Bengaluru-based hospital operator, signed a memorandum of understanding with the New Development Bank (NDB), a multilateral lender for infrastructure and sustainable development, during the first BRICS Finance Ministers and Central Bank Governors Meeting in Jaipur. The knowledge-sharing partnership will focus on digital health, data systems, technology transfer, and sharing Narayana Health's experience in tech-enabled hospital services with NDB and its member cou

According to Beating, AI model evaluation company Vals AI completed a Series A funding round of $40 million with a valuation of $400 million, led by a16z. Existing investors 8VC, Pear VC, and Bloomberg Beta also participated. Vals provides third-party benchmarking for large language models using real-world tasks in programming, finance, law, and healthcare. Its results have been cited in model cards by OpenAI, Anthropic, Google, Meta, and xAI. The company also launched Vals Smith, enabling enter

According to researcher Justin Drake, the Ethereum Foundation on August 13 abandoned the Poseidon hash function on its base layer, shifting toward traditional options like SHA and BLAKE. The decision concludes an eight-year research effort aimed at preparing the network to resist future quantum computers. Drake attributed the pivot to recent breakthroughs in proof systems, particularly Binius research (2023) and newer work called Flock, which use binary field operations to make traditional hashe

According to Lotte Group's semi-annual report filed on August 14, Shin Dong-bin, chairman of Lotte Group, received 1.1227 trillion Korean won in compensation from six affiliates in the first half of 2026, up 13.6% from the same period last year. Lotte Shopping was the largest contributor at 333 billion won, nearly doubling from 166.1 billion won in the prior-year period. By contrast, Lotte Chemical saw compensation decline 11.3% to 108.7 billion won, paid entirely as salary with no bonus, while

One Wood Group (08232) announced on August 14 that its indirect wholly-owned subsidiary, Chahuang Fishport (Tuen Mun) Limited, has entered into a lease agreement with Yiju Advisory Services Limited for a property located at Unit G09, Ground Floor, 2/F, 12 Yan Po Road, Tuen Mun, Hong Kong. The fixed-term lease runs for five years from September 14, 2026 to September 13, 2031, and will be used to operate one of the group's restaurants.

According to Bitget's official announcement, the exchange's unified account now supports leveraged trading across all spot trading pairs, including staking-based tokens (rTokens). Users can enable leverage directly on the spot trading page and borrow funds to place orders without additional fund transfers. The feature is available for unified account advanced mode and Delta-neutral mode, with leverage availability dependent on whether the required currency for the trade direction supports borrow

According to The Motley Fool, the Buffett Indicator—a valuation measure comparing total U.S. stock market capitalization to GDP—hit a record 238% as of August 12, signaling potential market overvaluation. The gauge suggests stock market value now exceeds U.S. economic output by 2.4 times, well above the 100% baseline considered fair valuation. Meanwhile, the S&P 500 has delivered 14% total returns this year, extending gains following an 18% surge in 2025 and double-digit growth in prior years.

Nintendo shares closed 7% higher on Friday (August 14) after the company announced that Pokémon Pokopia surpassed 5 million units sold on Switch 2, just over four months following its March 5 launch. The milestone makes it the second-best-selling game on Nintendo's flagship console, behind Mario Kart World. According to Nintendo, the company also announced expansion packs and updates to boost engagement with new and existing players.

According to interim reports disclosed by South Korean securities companies on August 14, private bankers and sales-trading staff earned substantial compensation in the first half of 2026, surpassing that of company owners and executives. Favorable market conditions, including a record stock market rally, drove improved performance in wealth management and sales-trading divisions, with top earners receiving individual compensation packages exceeding 22.7 billion won. This reflects the outsized e