Gate Crypto Flash News and Market Updates

According to Onchain Lens, BlackRock withdrew 226.5 Bitcoin (approximately $14.4 million) from its Coinbase Prime wallet and deposited 3,923 Ethereum (approximately $7.43 million) into its ETHA fund today, August 13.

According to BlockBeats, on August 13, SanDisk announced financial targets for fiscal years 2028 through 2030: non-GAAP gross margin of approximately 80%, non-GAAP operating margin of approximately 75%, and high-double-digit revenue growth. The company also committed to returning all excess cash to shareholders after funding business investments. SanDisk shares rose 6.3% during intraday trading on the announcement.

According to Yonhapnews, Beth Hammack, president of the Federal Reserve Bank of Cleveland, said on August 13 that the Federal Reserve should raise interest rates now, citing widespread inflation across multiple sectors rather than isolated areas. Speaking at a Council on Foreign Relations panel in New York, Hammack noted that inflation has exceeded the Fed's 2% target for over five years, while the labor market remains broadly stable. She stated that monetary policy is not currently restrictive

According to its annual financial report for fiscal year 2024, Sino-sources Enterprise Group (01748) reported annual net profit of $14.556 million, representing a 71.31% year-over-year increase, with earnings per share at 3.31 U.S. cents. Revenue for the year reached $61.509 million, up 4.4% compared to the prior year. The profit growth was primarily driven by a one-time gain of approximately $3.6 million from the sale of the final Capesize vessel in March 2024, increased gross margin, and reduc

According to the U.S. Department of Labor report released on Aug. 13, initial jobless claims for the week ended Aug. 8 totaled 209,000 on a seasonally adjusted basis, exceeding the market expectation of 202,000 and rising 9,000 from the previous week's 200,000. The four-week moving average of claims remained flat at 199,000.

According to company disclosure, Xingyuan Enterprise Group Limited (01748) reported interim results for the six months ended June 30, 2025, with revenue of $28.296 million, down 6.49% year-over-year, and profit of $4.823 million, down 54.87% year-over-year. Basic earnings per share stood at 1.1 U.S. cents.

According to Zhi Tong Finance, Sino-Sources Enterprise Group (01748) released its fiscal year 2025 results for the period ended December 31, with annual revenue of $56.897 million, down 7.5% year-over-year, and annual profit of $8.512 million, down 41.52% year-over-year. Basic earnings per share stood at $1.93. The revenue decline was primarily driven by the discontinuation of income from bulk carrier time charter services and weaker performance in asphalt tanker voyage charter and contracts.

According to Zhitong Finance, on August 13, Xingyuan Materials (06067) agreed to acquire a combined 59.9806% stake in Bongcell Electronics Technology (Yancheng) Co., Ltd. for a total consideration of RMB 242 million. Upon completion of the transaction, Xingyuan will hold approximately 73.4806% of the target company, making it a non-wholly-owned subsidiary. The acquisition is part of the company's strategic expansion into piezoelectric ceramics, complementing its existing lithium battery business

According to Zhitong Finance APP, Saint Tang Holdings (08305) released its interim results for the six months ended June 30, 2026, reporting revenue of HK$79.682 million, up 11.42% year-over-year. Net profit for the period reached HK$662,000, surging 250.26% year-over-year, with basic earnings per share of HK$0.05.

According to Garrett Jin's weekly market report on August 13, SK Hynix rebounded 5.9% to 1,593,000 won, with the KOSPI entering technical bull market territory at 20% above July lows. Gold rose 7.8% to $4,388 this week, driven by July's softer employment data and moderating inflation. Bitcoin, meanwhile, remains trapped between $62,500 and $70,000 support and resistance levels, with Jin awaiting a pullback for re-entry. SpaceX's recent stock performance reflects a classic case of selling exhaust

According to KB Securities, the combined operating profit of South Korea's top two semiconductor makers Samsung Electronics and SK Hynix is expected to approach 1 quadrillion won in 2027, up from 641 trillion won in 2026 and 91 trillion won in 2025, KB Securities research head Kim Dong-won said on August 13. The two companies' price-to-earnings ratios have fallen to around 3 times, suggesting their expected earnings growth is largely unpriced into current share valuations.

According to Fitch, U.S. private credit default rates rose to a record high in July, continuing an upward trend in the non-bank lending sector.

According to Watcher.Guru, UBS, Switzerland's largest bank, increased its Bitcoin spot ETF holdings by 230% to $90 million on August 13.

According to official announcement, Saturn announced a partnership with Ondo to integrate institutional-grade tokenized assets into Saturn's STRC structured products. Concurrently, Ondo also made a strategic investment in Saturn.

At market close on Aug 13, China's main futures contracts finished mixed. Coking coal, pulp, soybeans, glass, and soda ash rose over 1%, while offset paper gained nearly 1%. On the downside, natural rubber (20# rubber) and PTA fell over 1%, with low-sulfur fuel oil and rubber declining nearly 1%.

According to OpenAI's official account, enterprises in the top 10% use plugins twice as frequently as average enterprises and skills six times more frequently. The data shows a significant gap in adoption rates between leading companies and typical users, with skills adoption showing the most pronounced difference.

According to UAnalyze, billionaire investor Bill Ackman added six stocks to his portfolio on August 13, including Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global, spanning streaming, payments, exchanges, financial data, and healthcare sectors. Ackman stated his fund began building these positions in the second quarter, including through the newly listed Pershing Square USA fund launched on NYSE in April. He believes the six companies have strong earnings growth potent

According to reports, SpaceX shares surged 35% in five trading days following the first batch of stock unlock on August 6, with 911.5 million shares released and trading prices holding above the $135 IPO level. The rally contradicted market concerns that large-scale insider selling would weigh on demand. Outperformance in the company's latest earnings report, which showed better-than-expected revenue and lower-than-anticipated losses, alleviated investor worries about insider liquidation. The ne

According to an official announcement, a 6-member team called Turf has joined Polymarket's U.S. website and application team. Over the past year, Turf developed a real-time NFL prediction game that allows users to forecast next plays, scoring outcomes, and other game events while watching live broadcasts. Polymarket stated it will continue recruiting top talent to build world-class product, design, and engineering teams.

According to analyst qinbafrank on X, CoreWeave and Nebius latest earnings reports show AI cloud infrastructure supply remains severely constrained while GPU prices surge. CoreWeave disclosed GPU compute SKU prices rose approximately 25% in July, while Nebius reported legacy GPU prices increased over 30% from Q1. The companies disclosed annualized contract values for new deals exceeded $20 million per megawatt in Q2, with emergency short-term capacity reaching $40–50 million per megawatt. Both c