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.
2026-08-11
01:47

HYPE Spot ETFs Record $2.74 Million in Net Inflows on August 10

According to SoSoValue data cited by ChainCatcher, HYPE spot ETFs saw combined net inflows of $2.7422 million on August 10. Bitwise Hyperliquid ETF (BHYP) led the inflows with $1.5574 million, bringing its all-time total to $110 million. Grayscale Hyperliquid Staking ETF (HYPG) followed with $1.1848 million in daily inflows and a cumulative total of $128 million. The total HYPE spot ETF asset base reached $265 million with cumulative net inflows of $284 million.
HYPE3.55%
01:46

Hang Seng Index Opens 0.24% Higher on August 11, Alibaba Rises Over 2%

According to ZhiTong Finance, the Hang Seng Index opened 0.24% higher on August 11, reaching 25,998.59 points, while the Hang Seng Tech Index rose 0.27% to 4,932.81 points. Tech stocks showed mixed performance, with Alibaba-W (09988) up over 2% and NetEase-SW (09999) gaining nearly 2%, while Meituan-W (03690) opened roughly flat. Gold stocks advanced, with Shandong Gold (01787) and Zhaojin Mining (01818) each up over 2%, following overnight COMEX gold futures' 1.11% gain.
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01:43

SpaceX Plans to Expand AI Compute Capacity to 6-10GW by 2027, Microsoft Seen as Potential Major Buyer

According to MarketWatch, SpaceX CEO Elon Musk outlined plans during the company's first post-IPO earnings call to significantly expand AI compute capacity from current 1.4GW to 6-10GW by 2027. Research firm SemiAnalysis estimates the expansion would require $300-500 billion in capital expenditure and suggests Microsoft may become SpaceX's primary buyer of computing capacity to support its AI infrastructure needs.
01:39

China Issues Storm Surge Yellow Alert on Aug 11, Predicts 30-60cm Rise Along Northern Coast

According to China's National Marine Environmental Forecasting Center, the agency issued a yellow alert for storm surge on Aug 11 due to impacts from Tropical Storm No. 13 'Baihaitun'. Coastal areas from Dandong, Liaoning to Rizhao, Shandong are expected to experience storm surge increases of 30 to 60 centimeters from Aug 11 morning through Aug 12 morning. Qinhuangdao, Hebei, is under yellow alert, while multiple cities including Dalian, Yingkou, and Huludao (Liaoning), Tangshan (Hebei), and Wei
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01:37

Solana Social App Memebook Completes $1M Seed Round Led by TOF Ventures

According to ChainCatcher, Solana-based social application Memebook has completed $1 million in seed funding from TOF Ventures. The platform functions similarly to Instagram, allowing users to register with Solana wallets and share photos, videos, and text posts. Memebook features a wallet-based identity verification system for both Solana Mobile and other Solana wallet users.
SOL-1.16%
01:37

Analyst Guo Mingchi Denies TSMC Stockpiled $1 Billion Apple Chips, Says Orders Planned 3 Months Early on Aug 11

According to Guo Mingchi, an analyst at Tianfeng International Securities, recent market claims that TSMC accumulated approximately $1 billion in Apple 2nm processor inventory due to DRAM supply constraints are inaccurate. While Apple has indeed reduced hardware shipments this year due to storage supply shortages, Guo's industry research shows that Apple plans its processor orders at least 3 months in advance based on available storage supply rather than requesting TSMC to produce large quantiti
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01:37

USD/KRW Expected to Range Near 1,420 Won on August 11 as Fed Hawks Push Stronger Dollar

According to Yonhap Infomax, foreign exchange dealers on Seoul's currency market expect the USD/KRW exchange rate to trade in a range centered around 1,420 won on August 11. Traders cited cautious sentiment ahead of the July U.S. consumer price index release, balanced supply and demand pressures limiting directional momentum. Rising international oil prices and yen strength supported modest upward bias for the dollar, while Federal Reserve officials signaled hawkish rhetoric—Cleveland Federal Re
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01:34

Anthropic Permanently Keeps Claude Sonnet 5 Launch Prices at $2/$10 Per Million Tokens, Cancels September Rate Hike

According to Beating, Anthropic decided today to permanently maintain Claude Sonnet 5's launch-period API prices, canceling a planned increase scheduled for September 1. Input tokens will continue at $2 per million, while output tokens remain at $10 per million, instead of rising to $3 and $15 respectively. At these rates, Sonnet 5 is one-third cheaper than Sonnet 4.6 and costs 40% of Opus 4.8. Anthropic noted that Sonnet 5 matches Opus 4.8 performance on certain high-intensity tasks.
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01:34

Apple to Launch Glass-Design iPhone Pro in 2027 for iPhone's 20th Anniversary

According to Bloomberg, Apple plans to launch a glass-design iPhone Pro in 2027 to mark the iPhone's 20th anniversary, contradicting an earlier analyst report claiming the project was cancelled. The new models, internally codenamed V73 and V74, will feature glass on both front and back with curved edges toward the sides and a metal frame in the middle.
01:31

American Bitcoin Director Increases Holdings by $1.93M on Aug 5-6

According to Cryptopolitan, on Aug 5-6, Justin Mateen, a director of American Bitcoin (NASDAQ: ABTC), acquired 306,981 shares totaling approximately $1.93 million, marking the largest insider purchase in the past 12 months. The disclosure triggered a single-day rally on Monday, with the stock price rising approximately 10% from $6.47 to $7.11.
01:31

South Korea's FSS Upgrades Fraud System, Crypto Assets Added to Compensation Framework on October 1

According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched an overhaul of its fraud refund system, with a budget of approximately 1.19 billion won over three months. The upgrade aligns with amendments to the Telecommunications Fraud Damage Compensation Act enacted in March and taking full effect on October 1, which officially includes virtual assets in the scope of covered losses and refundable property. The new system will calculate compensation by token type and
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01:31

Bitcoin Decouples From Stocks in July as AI Selloff Hits Equities, Says BlackRock

According to The Block, BlackRock's digital assets chief Robert Mitchnick said on Monday that bitcoin sentiment has shifted notably over the past month, with the cryptocurrency increasingly decoupling from equity markets. During July's AI sector pullback, bitcoin significantly outperformed stocks, reinforcing its role as a portfolio diversification tool and tail-risk hedge asset. The decoupling trend marks a subtle but tangible shift in market dynamics, according to Mitchnick's comments.
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BTC-0.67%
01:31

MINIMAX-W Opens Over 4% as Hong Kong Exchanges Adds Stock to Tech 100 Index

According to Hong Kong Exchanges and Clearing Limited announced on August 10, MINIMAX-W (00100) will be added to the Hong Kong Exchanges Tech 100 Index and Tech and U.S. Tech 100 Index effective after market close on August 12, with official implementation beginning August 13. The stock opened up over 4% today, closing at HK$336 with HK$35.97 million in turnover. MINIMAX's annual recurring revenue (ARR) grew from approximately $100 million in December 2025 to $430 million in April 2026, while to
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01:31

OpenAI Completes $7 Billion Secondary Share Sale at $852 Billion Valuation

According to CNBC, OpenAI recently completed a $7 billion secondary share sale, allowing current and former employees to sell shares at an $852 billion valuation. The transaction provides liquidity ahead of a potential initial public offering after OpenAI confidentially filed with the U.S. Securities and Exchange Commission in June. OpenAI previously completed a $6.6 billion tender offer at a $500 billion valuation in October 2025.