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.
2026-08-19
13:37

U.S. Storage Stocks Surge on Wednesday; Marvell Technology Leads Gains at +12.76%

According to BlockBeats citing BIT market data, U.S. storage and semiconductor stocks surged on Wednesday (August 19) at market open. Storage sector rallied broadly, with Hynix (SKHY) up 4.69%, SanDisk (SNDK) up 4.18%, and Micron Technology (MU) up 1.59%. Semiconductor stocks showed mixed performance, with Marvell Technology (MRVL) rising 12.76%, Arm gaining 2.82%, and Qualcomm (QCOM) up 2.66%, while Broadcom declined 2.01%. Optical communications stocks mostly advanced, led by Applied Optoelect
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13:37

Zhibao Technology Adds 2,380 Bitcoin in $154.7M All-Crypto PIPE Financing

Nasdaq-listed Zhibao Technology closed a $154.7 million private placement on Monday (August 18), with a syndicate of non-U.S. investors contributing 2,380 Bitcoin directly to the company's wallet rather than cash. The Shanghai-based insurtech firm said the Bitcoin was valued at $65,000 per coin, based on market levels as of July 30. Investors received 442 million units priced at $0.35 each, pairing Class A ordinary shares with two-year warrants. Director Botao Ma called the all-crypto funding st
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BTC8.25%
13:34

Bytedance Reorganizes Seed Team Into Four Divisions, Consolidates Pretraining and RL

According to Beating AI, Bytedance's Seed Foundation Model team has completed an organizational restructuring into four new divisions. The restructuring consolidates previously scattered pretraining data and reinforcement learning teams across text, code, vision, and speech modalities into unified departments: Pretrain Data (multimodal data), Horizon RL (reinforcement learning), Product Posttrain-Work (office and B2B optimization), and Product Posttrain-Chat (C-end dialogue). The reorganization
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13:33

Trump Hosts White House Crypto Summit as Bitcoin Trades Near $64,600

President Donald Trump is scheduled to meet with SEC Chair Paul Atkins, CFTC Chair Michael Selig and representatives from Coinbase, Ripple, Nasdaq and Andreessen Horowitz at the White House on Wednesday, Aug. 20 to discuss digital-asset policy. Bitcoin traded near $64,600, up roughly 0.6% on the day ahead of the meeting. The summit comes as the CLARITY Act, legislation aimed at establishing clearer regulatory responsibility between the SEC and CFTC for digital assets, has stalled in the Senate.
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BTC8.25%
13:32

KTA Crashes 37% After Whale Wallet Dumps $3.64M in Tokens

According to Lookonchain, on August 19, a newly created cryptocurrency wallet bridged approximately 9.3 million KTA tokens ($685,000) and 2 billion GALA tokens ($3 million) through cross-chain bridges, then sold the combined holdings for 1,902 ETH (approximately $3.64 million). The transactions triggered a 37% decline in KTA and a 15% drop in GALA within hours.
GALA4.94%
ETH18.44%
13:32

WhiteFiber Stock Crashes 22% in Pre-Market on $270M Convertible Note Offering Announcement

According to WhiteFiber, WYFI shares crashed 22% in pre-market trading today after the company announced an upsized $270 million convertible note offering to fund data center expansion. The conversion price is set at $33.84 per share, representing a 25% premium to August 18's closing price. The notes carry a 5% annual interest rate and mature in September 2032. WhiteFiber expects net proceeds of approximately $259.8 million, or $298.5 million if buyers fully exercise their additional $40 million
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13:31

Robinhood CEO Tenev: Tokenization Will Reshape Global Finance, Extending to Equities and Real Estate

According to CNBC, Robinhood CEO Vlad Tenev said on the network's Squawk Box program that asset tokenization will reshape the global financial system and extend beyond cryptocurrencies to traditional assets including stocks, private equity, and real estate. Tenev noted that blockchain technology can improve trading efficiency, reduce intermediaries, and open previously inaccessible markets to retail investors. Robinhood is transitioning from a trading platform to a broader financial infrastructu
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13:31

China Issues Live-Fire Navigation Warning in South China Sea Through August 21

According to China Maritime Safety Administration, Jieyang Maritime Safety Bureau issued a navigational warning on August 19. Live-fire exercises will be conducted in portions of the South China Sea from August 19 to 21, daily between 6:30 a.m. and 6:30 p.m. Vessels are prohibited from entering the affected areas during the specified periods.
13:31

HSBC Confirms Hong Kong Dollar Stablecoin Launch in H2 2026, Preparation On Track

According to HSBC Hong Kong, the bank plans to launch its Hong Kong dollar stablecoin in the second half of 2026, with preparation work proceeding on schedule and details to be disclosed shortly. In its initial phase, the stablecoin will focus on enabling HSBC customers to conduct on-chain peer-to-peer and peer-to-merchant payments, as well as invest in tokenized products.
13:29

Sign Code Merges Into Panurus, IBM Research and Bank of France Join as Contributors

According to BlockBeats and Linux Foundation Decentralized Trust (LFDT), Sign's code merged into Panurus (previously Hyperledger Token SDK) on August 19. The project provides an open, neutral tokenization development framework to help institutions issue and manage digital assets across different blockchains and systems. Contributors to the initiative include IBM Research, Bank of France, and Offchain Labs.
13:23

Shanghai Gold 2609 Call Options Surge 345.95% to 3.3 Yuan/Gram on Aug 19

According to Jin10 Futures, as of 21:20 on August 19, Shanghai gold 2609 call options (1000 strike) surged 345.95% to 3.3 yuan/gram, followed by Shanghai gold 2609 call options (952 strike) up 193.85% to 18.16 yuan/gram, and Shanghai silver 2609 call options (16,000 strike) up 124.28% to 272.5 yuan/kilogram. Other notable movers include Shanghai gold 2610 calls up 78.26% and Shanghai nickel 2609 calls up 76.53%.
13:23

Japanese Retailer CatalogHouse Cancels Stores on Rakuten Platform on August 18 Over Drone Supply Deal

According to Japanese media reports, Japanese retailer CatalogHouse canceled its stores on Rakuten's e-commerce platform on August 18 in response to the conglomerate's involvement in supplying offensive drones to Japan's Self-Defense Forces. CatalogHouse stated on its official website that Rakuten's move to enter the offensive drone sector conflicts with the retailer's corporate principles. The announcement came after media reported that Rakuten Group planned to collaborate with German company H
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13:22

Whale Takes Profits on 246,000 SOL Leveraged Position, Gains $475,000 in 10 Days

According to on-chain analyst Ai 姨 monitored by ChainCatcher, a whale closed 246,000 SOL from a 500,000 SOL leveraged long position earlier today at $78.297, netting $475,000 in profits. The position was opened at $76.368 with 20x leverage, totaling $37.93 million. The remaining $20 million position remains unrealized gains of $486,000. The whale has accumulated $960,000 in profits over 10 days.