Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, Netmarble increased its stake in Coway on August 19 by acquiring 138,500 shares at an average price of 96,616 won per share, totaling approximately 13.35 billion won. The purchases were made over five consecutive trading days ending August 19, with 27,700 shares acquired daily. Netmarble's total shareholding rose from 26.77% to 26.96%, bringing its total Coway shares to 19.08 million. The purchase aligns with Netmarble's pre-announced acquisition plan to raise its sta

Hungarian Prime Minister Viktor Orban announced that Dr. Baka András will assume the position of President of Hungary starting August 20, 2026.

According to China's Foreign Ministry statement on August 19, Foreign Ministry spokeswoman Lin Jian confirmed that Chinese Foreign Minister Wang Yi will visit South Korea. The spokesperson expressed hope that the visit will enable both sides to further implement important consensus between the two countries' leaders, strengthen communication, build mutual trust, and deepen cooperation to advance the China-South Korea strategic partnership.

According to VanEck analysts Patrick Bush, Matthew Sigel, and Griffin MacMaster, 8 of 12 capitulation signals in the firm's Bitcoin dashboard were firing as of August 12, with all 12 signals reaching their capitulation zone at some point over the prior three months. Bitcoin closed on August 11 at $63,549, approximately 49% below its all-time high and flat month-over-month. VanEck says the market is nearing or already in an accumulation phase after an 11-month drawdown, with the transition potent

According to FOIZ data, as of August 17, Fujairah port's total refined oil inventories rose to 7.752 million barrels, up 1.445 million barrels week-over-week. Light distillates declined 282,000 barrels to 931,000 barrels, while middle distillates decreased 26,000 barrels to 1.471 million barrels. Heavy distillates and residual fuel oil surged 1.753 million barrels to 5.35 million barrels.

According to Rappler, heavy rains over the past two weeks in the Philippines have affected around 5 million people, killed at least 26, and displaced nearly 25,000 to evacuation centers. On August 17, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) issued a red rainfall warning for Metro Manila after the region received 201.7 millimeters of rain in just 5 hours—equivalent to 44% of the rainfall from Tropical Storm Ondoy in 2009. The government suspended

According to an announcement on August 18, 2026, TruGolf Holdings agreed to acquire Polymath Research Inc. through the amalgamation of its Canadian subsidiary, enabling Polymath to become one of the early Layer-1 blockchain companies to enter public markets while TruGolf retains its Nasdaq listing. Polymath shareholders will receive a combination of TruGolf Class A common shares representing approximately 19.9% of TruGolf's outstanding stock and non-voting Series C preferred shares. TruGolf plan

According to Jin10, the People's Bank of China set the 7-day reverse repo operation volume to zero on August 19, marking seven consecutive working days with zero allocations since August 11. The central bank's overnight reverse repo operations, announced on August 12, have all been completed with daily volumes falling short of the 600 billion yuan upper limit. From August 14 to August 19, the DR001 and DR007 rates remained stable below the 1.4% policy rate, declining from prior levels. Eastern J

According to Zhitong Finance, Black Sesame Intelligence (02533) showcased its SesameX multi-dimensional embodied AI computing platform at the 2026 World Robot Conference on August 19 in Beijing. The company displayed a full product matrix spanning three computational tiers: Kalos with 48TOPS for commercial service robots, Aura with 70TOPS for multi-task scenarios including quadruped robots and collaborative manipulators, and Liora with 700TOPS for humanoid robots and multi-robot coordination sys

According to China's Foreign Ministry spokesman Lin Jian on August 19, China firmly opposes forming blocs or engaging in confrontational stances on artificial intelligence issues. Lin stated that AI is humanity's shared intellectual asset and that countries have the right to choose cooperation partners based on their own circumstances. China advocates abandoning zero-sum thinking, respecting digital sovereignty, and jointly building a fair and equitable global AI governance system to promote mut

According to media reports, Lorraine Chan, former executive director of corporate affairs at Link REIT (0823), will join the Securities and Futures Commission (SFC) on September 1, taking up the newly created role of Chief Corporate Communications Officer. The SFC announced the appointment through internal communications over the weekend.

According to the Financial Investment Association, investor deposits at South Korean brokerages reached 104.755 trillion won on August 18, up 4.0447 trillion won from August 14, as the KOSPI recovered above the 7,000-level mark during the trading session.

According to Korea Exchange, the KOSPI index remained stuck around the 6,000 level on August 19, a month after oscillating between 5,000 and 7,000 points. The index retreated from 7,000 due to rising global long-term interest rates and persistent foreign investor selling pressure.

According to Herald Economics, on August 19, Hanwha Aerospace rose 2.71% after being selected as a prototype supplier for the U.S. Army's next-generation wheeled self-propelled howitzer program. The selection is expected to lead to future large-scale production orders.

According to Iran's state news agency FARS, a source close to Iran's negotiating team on August 19 rejected White House claims that negotiations had been cancelled. "In fact, there are no direct talks between Iran and the United States," the source stated, characterizing the U.S. assertion as unfounded.

According to Yonhapinfomacs, on August 19, South Korea's National Pension Service chief Kim Sung-ju emphasized that all investment decisions would adhere to core principles amid debate over allocating 1% of the fund to public rental housing. At a National Assembly hearing, Kim stated the pension system would not serve as a policy instrument and must prioritize long-term stable returns for pensioners. Lawmakers pointed out that the proposed 1% allocation, valued at 18 trillion won, conflicts with

Indonesia's 7-day reverse repo rate held steady at 5.75% on August 19, matching both the market expectation and the previous rate. The unchanged rate reflects stable monetary policy positioning by Bank Indonesia.

According to Korea Exchange, entertainment-focused exchange-traded funds (ETFs) reached the lowest performance rankings on August 19, with ACE KPOP FOCUS declining 8.42% during the week of August 12-18. The top three worst-performing ETFs over the past seven days were all entertainment-related products.

According to BlockBeats, on August 19, Florida filed a lawsuit against OpenAI and CEO Sam Altman, alleging that generative AI and large language models constitute a public nuisance under law. The state claims that AI chatbots pose risks to public mental health, provide unverified advice, and create public safety hazards. Florida alleges that OpenAI's rapid growth was built on misleading conduct and exploitation of users, causing widespread harm to state residents and disrupting social order. The

According to Jin10, the Abu Dhabi National Oil Company (ADNOC) plans to reduce crude oil supplies to Asian customers in August and September, pushing its flagship Murban crude premium to nearly $7 per barrel this week compared to Brent futures. Spot market supplies are set to decline by approximately 5% due to planned maintenance on ADNOC's onshore oil fields. The reduction applies to over-the-counter transactions; physical crude purchased through the Abu Dhabi Intercontinental Exchange remains