Gate Crypto Flash News and Market Updates

According to Morningstar Investment, Bubble Mart's (09992.HK) H1 2026 earnings fell 15-20% below market expectations, with Americas sales declining 10% and unfavorable product mix pressuring gross margins. The firm cut 2026-2028 average earnings forecasts by 25% and sales guidance by 17%, citing structural headwinds in overseas business and raw material cost pressures. The target price was set at 121 Hong Kong dollars based on 14x 2027 estimated P/E, with a "Sell" recommendation.

Platinum futures contracts surged more than 4% during intraday trading on August 21, reaching 460.65 yuan per gram.

According to BlockBeats, whale trader 'Set 10 Big Goals' opened a short position of 83.866 BTC on August 21 at an entry price of $74,553.27. The trader previously achieved $20 million in profits from a long position on August 19, followed by a $6.28 million loss on the short position yesterday, resulting in a net profit of $13.72 million from the combined trades.

According to Yonhapinfomax, South Korea's government announced on August 13 the relocation of 350 public institutions and approximately 150,000 employees and their families from Seoul to Sejong and other innovation cities. Financial regulatory bodies including the Financial Services Commission, Financial Supervisory Service, and state-owned banks such as the Industrial Bank, Export-Import Bank, and Korea Development Bank are among the targeted institutions for relocation. On August 18, the Natio

According to Axios on August 20, foreign governments' holdings of U.S. Treasury securities have declined significantly from roughly 40% before and after the 2008 financial crisis to about 12% currently, driving increased volatility and management challenges in the bond market. The shift reflects reduced appetite from foreign central banks, treasuries, and sovereign wealth funds to finance U.S. budget deficits, leaving bond markets increasingly reliant on traders such as hedge funds rather than r

According to Deputy Finance Minister Liao Min at a State Council press conference, the Finance Ministry will enhance residents' consumption capacity through sustained policy implementation. In the medium to long term, the ministry plans to strengthen social security capabilities, deepen income distribution system reforms, and reinforce tax and transfer payment mechanisms to build a foundation for increased household spending. Short-term efforts will focus on accelerating the implementation of ex

U.S. stock futures edged higher in the overnight session late Thursday after a sharp pullback at close, driven by rising Treasury yields and geopolitical tensions over Iran sanctions. Dow futures climbed 0.01%, while S&P 500 futures and Nasdaq-100 futures were up 0.08% and 0.22%, respectively. U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that Washington will impose "the toughest sanctions in history" on Iran, with the 10-year Treasury yield reaching 4.704% and the 30-year yield at

On Thursday, Trump signed a National Security Presidential Memorandum aiming to enable over 1,000 U.S. space launches and reentries annually by 2030. The policy calls for faster permitting reviews, additional launch sites, priority airspace for corridors and expanded private infrastructure investment. SpaceX could gain near-term momentum as more launch sites and faster approvals directly support Starship's expansion. Rocket Lab may see greater range access and faster approvals for its Electron a

Walmart and Target delivered sharply divergent earnings reactions this week. Walmart stock fell 8% on Thursday following its fiscal Q2 earnings report—its worst day in over four years—as investors focused on weaker U.S. sales momentum. Comparable sales grew just 2.6%, the slowest pace since 2020, while in-store traffic declined for a third straight quarter. Target stock, meanwhile, climbed to a 52-week high on Wednesday and posted a fourth consecutive week of gains, buoyed by stronger comparable

According to Tom Hayes, founder of Great Hill Capital, Berkshire Hathaway will fail to outperform the S&P 500 over the next decade, marking an end to the company's era of excess returns. Hayes stated that the conglomerate's size and future leadership transitions will make it increasingly difficult to identify investment opportunities with meaningful impact on overall returns. Hayes has shifted his positioning toward undervalued names instead. He highlighted PayPal, citing its $6 billion annual f

According to Optimism governance, the collective approved a proposal on August 21 redirecting 546.9 million OP tokens (worth approximately $49.7 million) from the airdrop reserve to a strategic ecosystem fund managed by the Optimism Foundation. On-chain voting passed with 17.974 million OP in support versus 10.931 million in opposition. The foundation stated it has already distributed 269.1 million OP through five previous airdrops, noting that broader user acquisition no longer aligns with curr

According to Coinbase CEO Brian Armstrong on August 21, U.S. crypto regulatory clarity could arrive by mid-September through one of two potential pathways. The first involves the U.S. Senate securing over 60 votes on September 15; the second is the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) issuing new rules on September 16.

According to Korea Exchange, South Korea's KOSPI index fell 1.35% to 6,759.95 points on August 21, as U.S. 10-year Treasury yields rebounded to 4.7% following the Treasury Department's bond buyback announcement. The 30-year U.S. Treasury yield reached 5.33% on August 18, marking the highest level since 2007. South Korea's 30-year government bond yield also hit 4.787% on the same day, the highest since 2012. The rally was partially offset by SK Hynix's announcement of 40 trillion Korean won in sh

According to ChainCatcher, Hungary's parliament passed Act No. XXXVIII of 2026 on July 31, abolishing verification requirements for crypto asset conversion services and eliminating associated criminal penalties, effective August 7. The law cancels two crypto-related offenses: unauthorized trading of high-value crypto assets (previously up to 5 years imprisonment) and violating verification obligations to provide crypto asset conversion services (previously up to 8 years imprisonment). The regula

According to Bitget, SOL broke above 90 USDT today, trading at 90.03 USDT with intraday gains of 2.72%.

According to Rappler, Eugenio 'Gabby' Lopez III sold his family's 25.68% stake in Lopez Inc. to tycoon Ramon S. Ang on August 10, 2026, to fund a P6 billion recapitalization plan for struggling media company ABS-CBN Corporation. The capital infusion includes P3.5 billion from investment firm I&C Holdings, P2.2 billion from Lopez family branches, and P300 million from Lopez Inc. via issuance of 1.6 billion new shares. ABS-CBN's stock surged 12.6% following the announcement, rising from P3.65 to P

According to Gate data, Solana (SOL/USDT) broke through the $90 mark today with a 24-hour gain of 5.97%.

According to its value enhancement plan announced on August 20, KCC will create a special dividend tied to Samsung C&T distributions, allowing it to redistribute at least 50% of the special dividend received from Samsung C&T to shareholders. The special dividend is calculated by subtracting a minimum dividend of 2,500 won per share from Samsung C&T's per-share payout. Under a maximum scenario assuming 70% special dividend ratio at Samsung Electronics and 70% payout rate at Samsung C&T, KCC's tot

According to Bitcoin.com News analysis, the 13 manufacturers of Bitcoin hardware wallets responded to the Coldcard exploit with notably different speeds and strategies during the crisis in late July and early August. Response times varied by more than one day across manufacturers, with Block's Bitkey and Blockstream's Jade among the fastest to warn users, while some took over 14 hours to post on social media. Open-source wallets including Passport Prime, Trezor, Bitbox, Keystone, and Blockstream

According to ChainCatcher, citing 8 Market data, Bitcoin's market cap reached $1.5 trillion today (Aug 21), surpassing Meta's $1.39 trillion valuation and ranking 13th among global assets. Ethereum's market cap also climbed to $283.89 billion, overtaking Dell to rank 72nd globally.