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.
2026-08-12
08:04

CoreWeave Gains 16% in Premarket on Doubled Q2 Revenue; AMD, Lumentum Also Rise

In premarket trading on August 12, CoreWeave rose approximately 16% after reporting Q2 revenue more than doubled, with a backlog of orders reaching $104 billion. AMD gained about 10% as last quarter sales nearly doubled amid strong AI infrastructure demand, with this quarter and new fiscal year guidance exceeding expectations. Lumentum increased roughly 7% on doubled Q2 revenue driven by strong AI optical communication demand and robust forward guidance, though a debt restructuring resulted in l
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08:03

Global Oil Refining Falls 5M Barrels Per Day in July YoY

According to IEA's monthly report, global oil refining declined by 5 million barrels per day in July compared to the same period last year. The decline was attributed to idle refining capacity being unable to offset product supply bottlenecks, underscoring challenges in balancing production with market demand.
08:02

Gold Recovers to $4,363 Per Ounce This Month Amid Fed Rate-Hold Bets; Bitcoin Remains Flat at $63,600

According to Korea Exchange, gold spot prices recovered to $4,363.51 per ounce on August 11, rising 6.82% from the $4,000 level at the start of the month. The rally came as U.S. interest rate-hike expectations faded following weaker-than-expected July employment data. CME FedWatch now prices a 50.1% probability of the Federal Reserve holding rates steady in September, up from 30.4% one month prior. Bitcoin, however, has failed to capitalize on the softer monetary outlook, remaining confined with
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BTC0.50%
08:02

Kakao Pay Prepares KRW Stablecoin Launch and Global Ecosystem on August 12

According to job postings on August 12, Kakao Pay announced it is preparing to issue a Korean Won (KRW) stablecoin and build a global ecosystem as a core pillar of next-generation financial infrastructure. The company plans to collaborate with major domestic and global partners, overseas payment networks, and blockchain infrastructure providers to develop Korea's first and leading stablecoin-based financial services. Kakao Pay is actively hiring product managers and server developers for its sta
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08:01

SK D&D Relaunches 240% Paid-In Capital Increase Amid Shareholder Opposition on Aug 12

According to the ACT shareholder activism platform and SK D&D regulatory filings, on August 12, SK D&D announced plans to relaunch a 240% paid-in capital increase to raise 136.7 billion won for debt repayment. The company will issue 44.68 million new shares at 3,060 won per share. Minority shareholders have begun opposing the move. As of early afternoon on August 12, verified shareholders collectively held 10.77% of the company on the ACT platform and submitted a request to the company for acces
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