Gate Crypto Flash News and Market Updates

According to the company announcement, China Finance International (00721) disclosed on July 31, 2026, that its unaudited net asset value per ordinary share was approximately HK$0.07.

According to its latest disclosure, Shandong Xinfu Brand (01749) expects net profit of approximately 3 million yuan for the six months ended June 30, 2026, down sharply from 12.1 million yuan in the same period of 2025. The company attributed the decline to industry-wide demand pressure, weakened consumer spending, intensified offline competition, and internal channel restructuring initiatives.

According to China Customs Guangdong Branch, Guangdong's foreign trade volume reached 6.49 trillion yuan in the first seven months of 2026, up 20.5% year-over-year as of August 12. Exports totaled 3.8 trillion yuan, rising 10.8%, while imports reached 2.69 trillion yuan, surging 37.4%. The province accounted for 21.6% of China's total foreign trade. In July alone, Guangdong recorded 1.01 trillion yuan in foreign trade, marking the second consecutive month above one trillion yuan with 19% growth.

According to ChainCatcher, Cytix, a UK-based cybersecurity startup, completed a $7 million Series A funding round led by Northern Gritstone, with participation from existing investors Auriga Cyber Ventures and NPIF II -- PXN Equity Finance. Founded in 2020, Cytix provides a change risk management platform designed to help enterprises identify and mitigate software risks arising from AI-assisted development, autonomous agent workflows, and continuous delivery practices.

According to Tech Funding News, crypto travel platform Entravel completed a $7.5 million funding round led by Ethereal Ventures and Finality Capital, with participation from GSR, Varrock, G1 Ventures, Seier Capital, Veris Ventures, Funfair Ventures, and WTG Ventures. The platform provides booking systems for over 40 brands including Kraken and MetaMask, covering 300 million users with an average booking conversion rate exceeding 10%.

According to Tencent Holdings, in Q2 2026, the company reported negative free cash flow of CNY 138 billion, driven by capital expenditures of CNY 593 billion and content payments of CNY 50 billion, which exceeded operating cash flow of CNY 527 billion. The company noted that operating cash flow included significant AI-related infrastructure prepayments to support Hybrid model upgrades, inference services for WorkBuddy and CodeBuddy, WeChat AI initiatives, and growing cloud service demands from e

According to the Korea Exchange, on August 13, 21 penny stocks (companies trading below 1,000 Korean won for 30 consecutive trading days) will be designated as managed stocks under newly tightened delisting standards. The designation includes four companies from the KOSPI market and 17 from the KOSDAQ market. Additionally, six companies already classified as managed stocks will have stock-price-related delisting reasons added, bringing the total new managed stock designations to 30 entities when

According to News1, major South Korean department store stocks have tumbled sharply since July amid a broader market downturn. Shinsegae, Hyundai Department Store, and Lotte Shopping fell 47.2%, 49.5%, and 42.7%, respectively, over the same period. The KOSPI declined 22.4% during this timeframe. Analysts attribute the steeper declines to fading expectations of the so-called 'wealth effect'—increased luxury consumption driven by semiconductor sector gains and rising investor wealth earlier this y

According to Santiment, the number of XRP millionaire wallets increased by 32 over the last three months as the token's price fell 29% to trade near $1.02. XRP has declined roughly 69% from its 2025 peak of $3.66. Large holders added 380 million XRP over the week leading into August 11, with 81% of Binance outflows tied to big holders moving tokens into self-custody. Meanwhile, XRP ETF inflows plunged 93% week-over-week to about $1.01 million from $14.86 million the prior week, while weekend liq

According to Meritz Financial, on August 12, the group's deputy chairman Kim Yong-bum announced during a Q2 2026 earnings call that the company is reviewing mergers and acquisitions more actively than before to drive next-stage growth. Kim stated the focus is on expanding business areas and identifying opportunities to increase per-share value, rather than simply broadening scope. Regarding Homeplus, which recently resumed restructuring proceedings, Meritz executives expressed confidence in debt

According to Tencent Holdings, gaming revenue in mainland China reached 47.3 billion RMB in the second quarter of 2026, up 17 percent year-over-year, driven by growth in key titles. International gaming revenue totaled 18.6 billion RMB, declining 0.8 percent year-over-year due to currency fluctuations; on a constant currency basis, international revenue grew 4 percent.

According to Zhitong Finance, Qianhai Health (00911) reported H1 2026 interim results on August 12, with revenue of HK$117 million, down 65.74% year-over-year, and net profit of HK$2.844 million, down 40.43% year-over-year. Earnings per share came in at 1.68 HK cents. The company said over 98% of revenue continued to come from its electronic components business, with the decline driven by supply constraints, upstream quota restrictions, extended channel delivery periods, and lower trading volume

According to an announcement, Hongli Culture Group (00419) has established a joint venture, AIROBO (HK) Limited, with AIROBO PTE. LTD in Hong Kong today (August 12). Hongli Culture holds 70% equity while AIROBO holds 30%. The venture has set up a wholly-owned subsidiary, Ainbo (Chengdu) Technology Limited, in the Sichuan Free Trade Zone to operate robot platform services in mainland China, including business expansion, R&D, and customer support.

According to LEGION CONSO's announcement, the company expects mid-year profit of approximately 0.7 million SGD for the six months ending June 30, 2026, compared to a loss of 1.56 million SGD in the same period last year. The turnaround was driven by increased customer demand for truck transportation and freight forwarding services, as well as reduced professional fees due to lower consulting and advisory costs.

According to an announcement on X on Tuesday, Lin Junyun, a former core architect of Alibaba's flagship large language model, has launched a new startup focused on developing AI agents for both digital and physical world applications. The company has secured backing from Tencent Holdings and other prominent Chinese venture capital firms. Lin left Alibaba less than six months prior to launching the venture.

On August 12 at market close, the onshore Chinese yuan (CNY) closed at 6.7456 against the U.S. dollar, up 1 basis point from the previous trading day.

According to Keel Infrastructure's August 2026 Form 10-Q filing, the company has decommissioned all of its US Bitcoin mining sites and is repurposing those locations for AI and high-performance computing workloads. The company reported a $65 million net loss and holds $121 million in Bitcoin reserves. Keel continues to operate mining sites in Canada and maintains its crypto exposure, marking a regional shift rather than a full exit from the sector.

According to Fortune, Bitcoin tested the critical $64,000-$65,000 resistance zone on August 10, 2026, trading at $65,003.57, up 0.10% from the previous session. The asset has declined approximately 45.5% over the past year from $119,317.23. Michael Saylor's BTC Credit model, which maps credit spreads across Investment Grade, High Yield, and Distressed tiers, has emerged as a framework for evaluating where leverage-based Bitcoin instruments risk becoming undercollateralized using a 10% BTC ARR re

According to Seoul Economy on August 12, Tae Kwang Industries has selected Busan Equity Partners as its consortium partner to pursue the acquisition of Nexflex. The transaction value is expected to exceed 1 trillion won as multiple domestic and international financial investors and strategic buyers compete for the advanced materials manufacturer. Nexflex, which supplies core components to Samsung Electronics and Apple, maintains the leading market share in South Korea for flexible copper-clad la

Chicago wheat futures climbed 3.1% today, marking the largest gain in a week, after Russia's main grain export port came under attack and caught fire. Soybean and corn futures also advanced amid heightened concerns over disruptions to Black Sea grain exports.