Gate Crypto Flash News and Market Updates

According to The Block, Gemini shares fell more than 7% in after-hours trading Thursday following the crypto exchange's release of second quarter results showing a net loss of $107.7 million, despite revenue climbing 37% to $45.5 million. The loss narrowed 19% from $133.2 million a year earlier. CEO Tyler Winklevoss said the company is "reducing operating expenses while diversifying revenue." Credit card revenue surged 231% to $16.2 million, but exchange revenue declined 38% to $12.5 million as

According to Newsis, today (August 13) marks the submission deadline for mid-year reports from South Korean companies with December fiscal year-ends. The concentration of filings is expected to generate over 2,300 total disclosures, including 2,217 quarterly reports. Investors are cautioned that such reporting deadlines historically attract negative announcements that may be overlooked amid high disclosure volume. During the first quarter reporting deadline in May, companies disclosed derivative

According to Russia's Foreign Ministry, spokesman Maria Zakharova dismissed on August 13 Japan's protest over President Putin's visit to Iturup Island. Zakharova said the remarks by Japanese Prime Minister Takayuki Noda and Foreign Minister Toshimitsu Motegi are politically meaningless and legally invalid, dismissing them as "revanchist" and unacceptable. Russia maintains that Iturup Island, part of the Southern Kuril Islands, belongs to Russia as an "inseparable territory" under post-World War

Shares of Intuitive Machines (LUNR) fell over 13% in pre-market trading on Thursday after the space infrastructure company's second-quarter revenue of $206.2 million missed Wall Street's estimate of approximately $221.1 million. The company also reported a wider-than-expected loss of $0.29 per share versus analysts' forecast of $0.1 per share loss. Q2 revenue more than quadrupled from $50.3 million a year earlier, driven by spacecraft production and work across Commercial Lunar Payload Services

According to F&Guide, South Korean securities firms collectively lowered target prices for Hyundai Motor and Kia during the past month through August 12. Hyundai saw 14 downgrade reports, with Yuanta Securities cutting its target to 570,000 won from 690,000 won, a 17.39% reduction. Kia received 11 downgrades, with Hana Securities lowering its target to 190,000 won from 220,000 won, down 13.63%. Brokers cited worse-than-consensus Q2 earnings as the primary driver. Hyundai's operating profit fell

According to Saudi Press Agency, Saudi Arabia's Crown Prince held talks with the commander of U.S. Central Command on August 13 to discuss deepening defense cooperation and efforts to de-escalate regional tensions.

According to BeInCrypto, XRP traded at $1.009 on Thursday, holding near the dollar mark since the Senate postponed its CLARITY Act vote and entered recess. The bill would codify XRP's legal status in federal law, with the next legislative window opening when senators return in September. The Commodity Futures Trading Commission is not waiting. It will hold its first Innovation Advisory Committee meeting on August 20 in Washington, with the opening session titled "Crypto's Regulatory Evolution: F

According to the Federal Reserve, on August 14, the Fed announced it will pause reserve management purchases (RMP) of U.S. Treasury securities through September 14, as bank system reserve balances have reached levels the central bank deems appropriate. The New York Fed will continue reinvesting approximately $17 billion of maturing principal during the same period. As of August 12, the secured overnight financing rate (SOFR) settled at 3.62%, below the interest rate on reserve balances (IORB). T

According to CNBC, veteran investor Steve Eisman warned on August 11 that the current AI boom is increasingly dependent on the fortunes of OpenAI and Anthropic. Eisman stated that approximately 70% of AI-related revenue for Microsoft, Amazon, Google, and Oracle comes from the two startups, accounting for 25%-35% of these companies' total cloud computing revenue. Eisman identified open-source AI models as the major threat to the industry, saying that if both companies face significant setbacks, l

South Korea's import price index increased 18.7% on a year-over-year basis in July. The prior month's figure was revised upward to 20.9% from the initially reported 20.60%.

South Korea's export price index rose 49.1% year-over-year in July, according to official statistics. The previous value was revised downward to 48.7% from the initially reported 48.90%.

According to COMEX data, December gold futures fell 1.08% to $4,419.30 per troy ounce on August 13 afternoon (EST), declining $48.20 from the previous close of $4,467.50. The decline occurred despite a sharp drop in U.S. Treasury yields following softer-than-expected July producer price index (PPI) data. While gold typically benefits from falling Treasury yields, traders near the $4,500 resistance level appear to be taking profits after gold surged 7.5% since early August.

According to Korea Exchange, South Korean department store stocks, including Hyundai Department Store, fell nearly 50% in the second half of 2026, despite outperforming Samsung Electronics earlier in the year. The decline followed a sharp correction in KOSPI index from recent highs, which redirected market liquidity away from retail sector equities.

On Thursday, Aug 13, spot gold declined 1.34% to close at $4,350.20 per ounce during New York trading. Spot silver fell 1.43% to $64.427 per ounce, trading between $66.303–$64.219 during the session. COMEX copper futures dropped 0.35% to $6.5326 per pound, paring earlier gains following the release of U.S. PPI data.

Iran set the export price for Iranian light crude sales to Asia in September at a discount of $4.70 per barrel to the Oman/Dubai benchmark.

Applied Materials CEO stated that major customers are providing longer-term commitments and updating demand forecasts for the next eight quarters to support production ramp-up. The company projects packaging business revenue growth will exceed 70% for full year 2026, while its global services business (AGS) is expected to grow over 20% in 2026 with long-term annual growth rates around 15%.

According to Fitch, U.S. economic growth for 2026-2027 is projected at 1.9%, declining from 2.8% in 2025. The rating agency also forecasts weakening labor demand in 2026, with significant declines in job creation expected during the period.

According to Fitch Ratings, the U.S. debt ceiling is expected to be reached in mid-2027.

According to Jin10, on Thursday, XRG, the investment arm of Abu Dhabi National Oil Company, along with BP and Qatar's UCC oil and gas company, secured development rights to Loran gas field. The field, located in the Caribbean Sea at the border between Venezuela and Trinidad and Tobago, contains over 4 trillion cubic feet of natural gas reserves. The natural gas will supplement industrial feedstock supplies to neighboring Trinidad and Tobago, including liquefied natural gas operations led by Shel

According to the Wall Street Journal, U.S. President Trump has ordered the Navy to remove electromagnetic catapults from aircraft carriers and restore steam catapult systems. The modifications are expected to add billions of dollars in costs.