Gate Crypto Flash News and Market Updates

According to Hankyung, Sandisk announced on August 13 during its investor day that it will allocate 100% of excess free cash flow to shareholder returns through dividends and share buybacks. The commitment drove Sandisk shares up 13.7% that day, bringing the year-to-date gain to 455%. SK Hynix is expected to announce its own shareholder return plan in Q3, with analysts estimating the scale could range from 40 trillion to 100 trillion Korean won. Samsung Securities forecasts SK Hynix may return 5

According to ChainCatcher, Boltzhq has shut down following escalating AI-assisted attacks that overwhelmed its five-person team. The service's founder has stepped down, while a group of veteran Bitcoin users are taking over operations with fresh capital and engineering resources. Boltzhq remains offline as the new team works to restore service.

According to PANews, Cloudflare launched Access for Workers on August 14, allowing users to apply centralized access control policies directly to Cloudflare Workers. The feature automatically applies to all Workers runtime environments, including routes, custom domains, workers.dev domains, and preview environments, implementing unified zero-trust access configuration.

According to ChainCatcher, data center operator EdgeConneX Inc., backed by EQT, is seeking up to $2.5 billion in power cost guarantees from banks to support its global data center expansion. The company is negotiating a letter-of-credit financing arrangement with multiple banks including France's Natixis and Spain's BBVA. The arrangement is designed to help EdgeConneX lock in electricity supply costs for its data center projects as demand for AI infrastructure accelerates.

According to Interactive Brokers' August 13 announcement, the broker has added Bucharest Stock Exchange to its global platform, giving eligible clients access to Romanian equities and ETFs alongside more than 170 other markets through a single account. The addition covers shares on the exchange's Regulated Market and BVB-listed ETFs. The timing coincides with Romania's strong market performance. The MSCI Romania Index returned 67.4% in US dollar terms during 2025 and added another 45.17% through

According to KPMG's audit completed on August 13, Tether's gold reserves have been verified through physical inspection and counting of individual gold bars. The accounting firm physically inspected and counted every bar in Tether's holdings, verifying their serial numbers against financial records to confirm the reserves exist and match reported amounts. The audit establishes direct evidence that Tether's gold reserves are fully backed by actual holdings, reducing reliance on third-party custod

According to the Financial Times, Anthropic could seek a valuation of at least $2 trillion in its IPO as early as October, with some investors arguing the company could eventually justify as much as $3 trillion. This would surpass SpaceX's June IPO record of roughly $1.77 trillion. The bullish case rests on Anthropic's revenue trajectory. The company reported an annualized revenue run rate of $47 billion in May, up from roughly $9 billion at the end of 2025, with investors now expecting that fig

According to the China Securities Regulatory Commission on August 14, regulators issued supplementary material requirements to eight companies seeking overseas listings. Huichuan Technology (300124.SZ) was required to clarify the business operations of its overseas subsidiaries, provide details on cross-border investment and foreign exchange registration procedures, and submit legal compliance opinions. The company also must disclose how proceeds will be used and whether any cross-border investm

According to Zhongtong Finance, Zhongtong Investment (01959) issued a profit warning for the six months ended June 30, 2026. The group expects mid-year revenue of approximately 426 million CNY, down from 454 million CNY in the same period of 2025. Net loss attributable to shareholders is projected at 21.8 million CNY, up 36% from 16 million CNY in H1 2025. The board attributed the increased losses to challenging macroeconomic conditions and intense pricing competition in the automotive sector, w

According to China Securities Regulatory Commission, on August 14, the regulator required Tianfo Communications (300394.SZ) to provide supplementary disclosures regarding the necessity and rationale of its Hong Kong IPO. The CSRC also requested clarification on whether the company's main business involves dual-use items or restricted export technologies, as well as its export control compliance procedures. Tianfo Communications, a global optical component solution provider, submitted its IPO app

According to the China Securities Regulatory Commission, on August 14, EasyMRO (YESMRO Holdings Limited) received a supplementary materials request regarding the compliance of its equity structure and returnable acquisition (VOSB) arrangements. The CSRC, which disclosed this requirement alongside similar requests to 7 other enterprises, seeks clarification on the company's stock ownership structure restructuring, compliance with foreign exchange regulations for cross-border investments, acquisit

According to China's Securities Regulatory Commission (CSRC), on August 14, the CSRC issued supplementary material requirements for 8 overseas listing applicants. Honghe Electronics was required to further explain the necessity and rationality of its Hong Kong listing in combination with its planned use of raised funds. The company submitted its IPO application to the Hong Kong Stock Exchange main board on May 15, with CITIC Securities serving as its sole sponsor. The CSRC asked the company to s

According to Sino-Pharma-B (02257), on August 14, 2026, the company and its wholly-owned subsidiary Sino-Pharma (Hong Kong) Limited filed a writ of summons with Hong Kong High Court (Case No. HCA1427/2026) against former executives Dr. Lu Yang, Dr. Dai Xiaochuang, and Mr. Ye Yongjie. The lawsuit concerns approximately $20 million invested in TradArt Flagship Investment SPC's segregated portfolio. Sino-Pharma alleges the defendants breached fiduciary duties and authorized improper payments and su

According to Shanghaitech Group Holdings (02221), its subsidiary Tianjin Tianchang invested RMB 2 million in Beijing Shengrui Intelligent Energy Storage Technology on August 14. Following the investment, which includes RMB 1.75 million from Shenzhen Manstereo and existing capital of RMB 1.25 million, the target company's registered capital increased to RMB 5 million. Startup Group will hold 40% equity stake and account for the target company as an associate in its consolidated financial statemen

According to Smart Finance APP, on August 14, the China Securities Regulatory Commission (CSRC) released supplementary material requirements for overseas issuance and listing, targeting eight enterprises in total. Among them, the CSRC requires Ricko Advanced to provide additional clarification on transaction pricing, valuation basis, and tax payment details related to overseas enterprises' acquisition of domestic entities, and confirm compliance with regulations on foreign investors' mergers and

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

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

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

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

According to The Information, Tesla plans to launch its new Roadster sports car as early as this month (August 2026).