Gate Crypto Flash News and Market Updates

According to Reuters and shipping tracking data, fuel oil futures surged on Wednesday (Aug 12), with FU2609 gaining over 4% intraday to break above 3,800 yuan per ton. LU2609 low-sulfur contracts climbed over 2%. The rally was driven by an impasse in Hormuz Strait transit negotiations, as Iran's Supreme National Security Council secretary stated that the strait would not reopen unless the U.S. changes its behavior and accepts Iran's conditions. Ship-tracking data showed reduced vessel traffic th

According to ChainCatcher, Supermicro (SMCI) rose approximately 10.4% in premarket trading on August 12, following the company's release of fiscal 2027 revenue guidance that exceeded market expectations.

According to EDaily, L&C Bio Chairman Lee Hwan-chul on August 12 announced plans to sell 826,276 existing shares for approximately 50.7 billion won between September 11 and October 10. He also plans to dispose of roughly half of his expected subscription rights from the company's 140.6 billion won equity offering. Meanwhile, financial investor NowIB has already sold 407,800 shares for 23.8 billion won over recent days, reducing its stake from 2.62 million to 2.22 million shares. The company is p

According to Morgan Stanley on August 12, the firm raised Samsung Electro-Mechanics (SEM) to top pick status, upgrading its target price from 2.56 million won to 2.62 million won. The brokerage maintained its overweight rating. Morgan Stanley cited strengthening multilayer ceramic capacitor (MLCC) prices and improving azinomoylene build-up film (ABF) substrate demand as key drivers. The firm expects SEM's margin and earnings-per-share estimates to exceed consensus forecasts. SEM's AI-related rev

According to Jin10 Futures, the CFETS-NEX yuan funding sentiment index reported 48 as of 4 p.m. on August 12, unchanged from 2:30 p.m. The index for large banks, mid-sized banks, and non-bank institutions stood at 47, 49, and 47 respectively, all flat. (The index ranges from 0 to 100, with 50 representing equilibrium and readings above 50 indicating funding stress.)

According to the IEA Monthly Report, OPEC+ increased crude oil production by 1.5 million barrels per day in July 2026.

According to IEA's July monthly report, non-OPEC+ oil production increased by 590,000 barrels per day in July, driven primarily by Qatar.

According to BlockBeats on August 12, Serenity's analysis of recent earnings reports from major optical communications companies confirms CW DFB laser supply bottlenecks. Lumentum reported unexpected demand and supply imbalances in ultra-high-power CW lasers, with CPO mass production planned to begin shipments in H2 2027. Applied Optoelectronics cited insufficient CW laser capacity, with lasers representing a bottleneck in a 20–40% supply gap, and noted customers request increased supply weekly.

According to ChainCatcher, Foxconn will begin shipping Nvidia's Vera Rubin platform starting in the fourth quarter.

According to the International Energy Agency's latest monthly report, global oil demand is projected to increase by 2.4 million barrels per day in 2027, exceeding the organization's previous forecast of 1.9 million barrels per day.

According to the International Energy Agency monthly report, observed oil inventories have decreased by 410 million barrels since the conflict outbreak.

According to LME data, copper inventories have declined for 40 consecutive days, marking the longest such streak since 2014. The sustained drawdown reflects sustained demand pressures in the global copper market.

According to the International Energy Agency's monthly report, global oil demand declined by 4.9 million barrels per day in the second quarter of 2026.

According to the IEA, global oil supply rebounded by 2.4 million barrels per day in July, reaching 101.5 million barrels per day.

According to the International Energy Agency, global oil demand is expected to decline by 2.8 million barrels per day in the third quarter of 2026.

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

According to Binance, the exchange launched VIP Savings on August 12, an integrated platform consolidating multiple VIP-exclusive yield products. Compared to standard savings products, VIP Savings offers up to 20% higher annual yield and deposit limits up to 10 times larger, all backed by Binance's security infrastructure.

According to the International Energy Agency monthly report, 8.3 million barrels per day of crude oil production in the Persian Gulf region remains offline.

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.

According to IEA's latest monthly report, the International Energy Agency raised its forecast for third-quarter oil supply deficit to 1.8 million barrels per day from 0.8 million barrels per day predicted in July, citing renewed hostilities in the Middle East region.