Gate Crypto Flash News and Market Updates

According to Yonhap Infomax on August 20, Meritz Securities and private equity firm Hosan Investment completed the acquisition of Chaewun Package, a cosmetics container solutions provider, through a 44 billion KRW project fund. The joint venture acquired 70% of the company's shares, with founders investing substantially as subordinated limited partners. This structure, where founders retain partial stakes as junior LPs, ensured smooth fund-raising while allowing senior LPs to receive priority di

According to the Korea Exchange, South Korea's benchmark equity indices rebounded on the morning of Aug 20 following the previous day's sharp decline. As of 09:09 KRX time, the KOSPI index rose 2.06% (up 133.28 points to 6,604.45), while the KOSDAQ advanced 2.52% (gaining 20.74 points).

According to cnyes, on August 19, Google expanded its custom AI chip partnership with Marvell, securing warrants to purchase nearly 59 million shares. Marvell surged 9.85% to close at $237.27 per share, while Google's longtime partner Broadcom fell 4.61% to $362.48.

According to Jin10 Futures, on August 20, ethylene glycol spot prices in East China rose to the 5800-5900 range as crude oil continued climbing, pushing production costs higher. Supply constraints from disrupted strait transit added to upward pressure, with market expectations favoring further gains throughout the day.

According to SEC Chair Paul Atkins, on August 20, at a White House meeting with President Trump, the agency identified passing the CLARITY Act as the top priority. The CLARITY Act aims to provide a clearer regulatory framework for digital assets.

According to CoinDesk, Bitcoin briefly touched US$70,000 on August 20 for the first time since June 2, up more than 7% over 24 hours. The surge was driven by traders responding to President Donald Trump's push for crypto market structure legislation. Trump told crypto and tech executives at a White House event that Congress should pass a "fair version" of the Digital Asset Market Clarity Act. Senate Banking Committee Chairman Tim Scott said the bill had a good chance of advancing in September, w

According to Onchain Lens, Hyperliquid generated $4.4 million in revenue over the past 24 hours and simultaneously burned $4.24 million worth of HYPE tokens.

According to the insurance industry, Kyobo Life Planet's net loss for the first half of 2026 narrowed to 6.5 billion won, down 1.4 billion won year-on-year. The digital insurer subsidiary of Kyobo Life Insurance is focusing on international expansion of its insurtech solution Laplay, a customized insurance nurturing platform combining health management rewards with content. The company recently partnered with Indonesian fintech firm Byjus to enter the Southeast Asian market and is advancing pilo

According to Bank of America analyst Vivek Arya on August 19, Nvidia shares are trading at a 40-50% discount to rivals Broadcom, AMD, and Marvell on a free cash flow-adjusted enterprise value basis. Arya noted the relative valuation discount reflects the market over-pricing risks tied to investments in companies like OpenAI and Anthropic. Nvidia shares are also trading 31-36% below the S&P 500 index.

According to overseas brokers, on August 20, the USD/KRW 1-month NDF fell to 1,388.40 (MID), down 8.85 won from the previous Seoul session close of 1,397.70 won. The U.S. Treasury's announcement to expand long-term Treasury buyback programs—doubling the size of 10–30 year maturity repurchases to a minimum of $4 billion per session—triggered a sharp decline in U.S. bond yields and weakened the dollar. The U.S. Dollar Index fell to 98.7, marking its lowest level in approximately three months.

According to Yonhap Infomax, Woori Asset Management established a Liability-Driven Investment (LDI) division on June 30 and received 23.2 trillion won in assets from affiliated insurers Dongyang Life and ABL Life. The asset transfer boosted Woori Asset Management's assets under management to 83.8 trillion won from 59.7 trillion won, advancing its ranking to 7th among Korean asset managers, surpassing NH Amundi Asset Management. The two insurance companies plan to transfer additional remaining as

According to on-chain analyst Yu Jin, Ethereum trader 黄立成's ETH long position worth $48.22 million showed unrealized gains of $3.34 million on August 20 following a 17% surge in ETH price, though the position remains under cumulative losses of $31.5 million.

According to Yonhapinfomax, South Korea's National Tax Service launched a special tax audit targeting KB Kookmin Bank on August 13, deploying approximately 140 investigators—nearly five times the initially reported 30. The investigation, led by the Tax Service's Division 4 (which specializes in high-profile corporate fraud cases), focuses on three departments: Global, General Affairs, and Human Resources. The scope and scale are notably unusual for a single institution, with the 140-member team

According to IBK Investment Securities analyst Jun-ho Byeon on August 20, a prolonged Iran crisis could keep interest rates elevated longer than expected, risking increased stock market volatility in the second half of 2026. Rising oil prices would fuel inflation and limit central bank rate-cutting options, while sustained high rates could dampen consumption and investment, eventually weakening corporate earnings. Current market expectations assume global economic growth will rise from 2.9% in 2

According to Onchain Lens, an Amber Group-linked wallet withdrew 2 million HYPE tokens (approximately $13.83 million) from Hyperliquid early this morning on August 20. The transaction was detected by the on-chain monitoring platform.

According to LS Securities analyst Sun Yu-jin, Microsoft is expanding its AI business beyond infrastructure investment into enterprise applications on August 20. The analyst noted that Microsoft is both a direct beneficiary of increased AI infrastructure investment and a leading company capable of applying AI to actual business operations and converting results into software revenue, driving paid account growth.

Apple Insider and Bloomberg recently discovered that U.S. retailer Best Buy is selling OtterBox iPhone 18 Pro protective cases ahead of the expected September 9 launch event. However, the products may actually be iPhone 17 Pro cases relabeled for compatibility, according to OtterBox's official website, which still lists the same model exclusively for iPhone 17 Pro. Consumers should wait for Apple to officially announce iPhone 18 Pro specifications before purchasing, as even minor design changes—

Japan's 20-year government bond yield fell 7.5 basis points to 3.700% on August 20, according to market data.

According to Onchain Lens, Hyperliquid trader "pension-usdt.eth"'s ETH short position was liquidated on August 20, with a closed notional of approximately $108.18 million and realized loss of $26.66 million. The trader maintains a historical profit of $17.76 million.

Long and has initiated international arbitration proceedings against Panama over alleged violations of investment protection treaties, seeking compensation exceeding $1.5 billion for damages to its investments in the country.