Gate Crypto Flash News and Market Updates

According to Glassnode, bitcoin sellers showed signs of exhaustion this week around the $64,000 level, though the onchain analytics firm stopped short of confirming a market bottom. Bitcoin has traded in a narrow band between $63,500 and $65,000 throughout the first half of August 2026. Spot bitcoin ETFs continued attracting institutional demand despite yesterday's $144.67 million outflow, which followed a five-day inflow streak. Wintermute OTC trader Jasper De Maere tied the recovery thesis dir

According to Grayscale Research, on August 11, Grayscale Head of Research Zach Pandl identified Ethereum (ETH), Solana (SOL), Worldcoin (WLD), and Bittensor (TAO) as four networks positioned to serve emerging AI-related demands. The research note named three areas where public blockchains could support AI adoption: agentic finance (handled by Ethereum and Solana settlement infrastructure), verifiable record-keeping for identity and reputation (served by Worldcoin's identity service), and decentr

According to its Q2 2026 earnings report, Sunshine Bituminous (02012) posted a net loss attributable to equity holders of 19.74 million Canadian dollars, up 896.47% year-over-year, with a loss per share of 0.28 CAD. Operating costs totaled 1.002 million CAD, down 59.48% from the same period in 2025. West Ells oil sands operations produced zero barrels per day during the three months ended June 30, 2026, matching the prior-year quarter, as both periods involved equipment maintenance shutdowns. Th

According to CoinGlass data, Coinbase's Bitcoin premium index remained in negative territory for 86 consecutive days from May 19 to August 12, with the latest reading at -0.1073%, marking the longest negative premium streak since the metric's inception. The previous record was 40 consecutive days from January 16 to February 24, 2026, followed by approximately 30 days during last year's market downturn. The index measures the price differential between Coinbase Pro and Binance; persistent negativ

According to two sources, Russia's Orsk oil refinery halted production on August 11 following a drone attack. The facility is operated by Orsk Oil Company.

Brent crude oil fell below $87 per barrel today, declining 1.04% during the session.

According to IRNA, Iran's ambassador to Islamabad, Reza Amiri Moghadam, met with Pakistan's Deputy Prime Minister and Foreign Minister today, August 12. Pakistan emphasized its commitment to deepening cooperation with Iran in key areas.

According to Iran's Students News Agency, Abbas Port International Airport in Hormozgan Province will resume flight operations on August 15, following a notification issued by the airport management authority.

According to Gate's market data, the Japanese yen surged on August 12, causing major currency pairs to fall sharply. The British pound declined approximately 80 points against the yen, the euro fell over 60 points, the Swiss franc dropped near 60 points, the Canadian dollar fell approximately 50 points, and the Australian dollar declined around 40 points against the yen.

According to CoinDesk, Fidelity's spot Ethereum ETF Fidelity Ethereum Fund (FETH), with approximately $898 million in net assets, plans to add Ethereum staking and quarterly cash dividend provisions. The fund can stake up to 100% of its ETH holdings while maintaining reserves for redemptions and liquidity. Under revised terms, the fund will retain approximately 85% of staking yields, with the remaining 15% paid as fees to the fund sponsor, custodian, and node operators including Blockdaemon, Fig

According to investment banking sources, SK Hynix's U.S. subsidiary Solidigm is pursuing a Nasdaq listing through pre-IPO financing valued at 5-10 trillion Korean won, with an estimated total enterprise value of around 50 trillion won, according to reports on August 12. SK Hynix disclosed that Solidigm is "reviewing various measures to strengthen competitiveness," while confirming no final decisions have been made. If listed, the move would create an unprecedented four-tier listing structure: SK

According to Gukmin Ilbo, South Korea's KOSPI index rose 3.68% to 6579.04 on August 12, marking the third consecutive day of gains and reclaiming the 6500 level. Semiconductor stocks led the rally, with Samsung Electronics climbing 6.68% and SK Hynix gaining 5.54%, boosted by strong earnings from U.S. AI infrastructure companies Coreweave and Supermicro. Singapore's sovereign wealth fund Temasek's announcement that it has decided to invest in Korean stocks, including Samsung Electronics and SK H

According to Zhitong Finance, Sunwah Kingsway Capital (02012) reported a net loss of CAD 19.74 million attributable to shareholders for the second quarter ended June 30, 2026, compared to a profit in the same period last year, representing a decline of 896.47%. The group recorded a total loss of CAD 4.7 million in the quarter. Basic loss per share stood at CAD 0.03.

According to ChainCatcher data from Binance spot markets, TUT plunged 34.18% in 24 hours today while OPEN surged 11.99% to hit a daily high. Several other tokens saw significant moves: KSM fell 6.99% to its weekly low, BICO dropped 10.95% to its daily low, and PROVE declined 5.98% to its weekly low.

According to mpost.io, SpaceX AI launched Grok Bot today (August 12), a multi-agent artificial intelligence system that operates autonomously as a digital colleague, signing into applications and completing tasks across websites and software platforms. The tool is currently available in early beta to SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium subscribers on desktop and iOS. Grok Bot operates from a cloud-based environment and can execute multi-step workflows end-to-end without conti

According to Chinastocksweb, Yuanye Group (00551) released interim results for the six months ended June 30, 2026. The group's revenue reached $3.972 billion, down 2.2% year-over-year. Net profit attributable to shareholders was $71.998 million, declining 57.9% from the prior-year period. Earnings per share stood at 4.49 Hong Kong cents, and the interim dividend was set at 0.4 Hong Kong dollars.

According to Fortune, George Washington University sold its 120-acre technology campus in Ashburn, Virginia to Amazon in February for $427 million. The location sits in the core of the global data center cluster known as the "Data Center Corridor," reflecting surging demand for AI infrastructure expansion. Meanwhile, the University of Michigan faced local opposition to its plan for a $1.25 billion high-performance computing research center in Ypsilanti Township. Ellen Scully-Russ, former GW prof

According to NEXION TECH announcement, the company posted net profit attributable to shareholders of over 200,000 HKD for the six months ended June 30, 2026, swinging from a loss of approximately 1.318 million HKD in the same period of 2025. The turnaround was primarily driven by the cybersecurity solutions and IT software development segment, where adjusted EBITDA surged from approximately 634,000 HKD to over 2.2 million HKD. The segment's revenue increased by approximately 5.456 million HKD or

According to Bitcoin Policy Institute on Monday, multiple crypto companies and institutions issued an open letter calling on leading AI laboratories to provide early access to their most advanced models to Bitcoin and open-source developers to support network security efforts. The letter noted that Bitcoin Core developers and other digital asset defenders lack access to lab cybersecurity programs and may face restrictions on frontier systems, forcing reliance on weaker open-weight models. The si

According to BitcoinTreasuries.NET, Empery Digital has sold 235 Bitcoin to repay a $10 million debt obligation. The public company now holds 1,279 Bitcoin, ranking 39th among Bitcoin holders globally.