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.
Today
08:56

Hong Kong China Travel (00308) Swings to H1 2026 Profit Over HK$80M, Versus HK$87M Loss Year-on-Year

According to its filing, Hong Kong China Travel (00308) expects profit exceeding HK$80 million for the first half of 2026, compared to a loss of HK$87 million in the same period of 2025. The turnaround was driven by the completion of a spin-off of its loss-making tourism real estate business in December 2025, coupled with acquisitions of Jilin Songhua Lake International Resort Development Company and China Travel (Beijing) Ice and Snow Sports Development Company in October 2025, which contribute
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08:56

Wafer Works Q2 2026 Net Profit Surges 385.9% YoY to $38.64M as Revenue Hits $718M

Wafer Works (01347) reported second-quarter 2026 results, with sales revenue of approximately $718 million, up 26.8% year-over-year, and net profit attributable to shareholders of $38.64 million, up 385.9% compared to the prior year. Basic earnings per share reached $0.022. The company attributed the revenue increase to higher wafer shipments and improved average selling prices.
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08:55

USDD Launches Incentive Campaign for Pendle sUSDD Market Through August 20

According to ChainCatcher, USDD announced on August 13 an incentive campaign for Pendle's sUSDD market running from August 13 at 8:00 AM to August 20 at 8:00 AM Singapore time. The total rewards comprise 21,000 USDD, 12,000 TRX, and PENDLE tokens equivalent to 30% of the combined USD value of the USDD and TRX rewards. PT-sUSDD has been integrated into Pendle's PT Looping module, allowing users to access Morpho's USDC and USDT markets to expand yield opportunities. USDD is also coordinating with
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PENDLE1.27%
TRX0.17%
MORPHO-0.06%
08:55

South Korea Retirement Fund Default Options Show 82.5% Concentration in Low-Return Products, Lagging High-Risk Counterparts

According to analysis by Maeil Business Newspaper based on data released by South Korea's Ministry of Employment and Labor and Financial Supervisory Service as of end-June 2026, retirement fund default option assets remain heavily concentrated in principal-guaranteed products. Low-risk assets accounted for 46.1 trillion won, representing 82.5% of total default option allocations, while high-risk products comprised only 3.6% at 2.01 trillion won. The performance gap is stark: the three-year avera
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08:53

U.S. July CPI at 3.4% Year-on-Year Eases Fed Rate Hike Odds, But $1.8T Deficit Keeps Long-Term Rates Elevated

According to BlockBeats citing Bitunix analysis, on August 13, the U.S. July CPI rose 0.1% month-on-month and 3.4% year-on-year, with core CPI up 2.5% annually. Following the data release, market pricing for a September Fed rate hike dropped from roughly 50% to 40%, providing short-term policy relief. However, the cumulative budget deficit for the first 10 months approached $1.8 trillion, with the 10-year Treasury auction yield reaching its highest level since 2007 and the 30-year yield near 5.2
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08:51

SMIC Reports Q2 Revenue of $3.006 Billion, Net Profit Surges 261.7% YoY to $479 Million

According to SMIC's official earnings report, the Chinese chipmaker posted revenue of $3.006 billion in Q2 2026 (ended June 30), up 36.1% year-over-year and 20% quarter-over-quarter. Net profit attributable to shareholders reached $479 million, surging 261.7% YoY and 142.7% QoQ, with earnings per share of $0.06. Gross margin expanded to 25.3%, up 5.2 percentage points QoQ. For Q3, SMIC guided revenue to grow 2%-4% sequentially with gross margin expected between 26%-28%.
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08:51

MTR Reports H1 2026 Net Profit of HK$15.87 Billion, Up 105.9% Year-on-Year; Announces HK$0.42 Interim Dividend Per Share

According to MTR Corporation's (00066) interim results announcement, the group reported revenue of HK$26.23 billion for the six months ended June 30, 2026, down 3.1% year-on-year. Net profit attributable to shareholders reached HK$15.87 billion, up 105.9% year-on-year, with earnings per share of HK$2.55. The company declared an interim dividend of HK$0.42 per share. The substantial profit growth was driven by property development earnings of HK$12.23 billion from railway-related property portfol
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08:51

CK Hutchison Reports H1 2026 Profit of HK$268.01 Billion, Up 3,046% YoY

According to Cathay Telecom, CK Hutchison Holdings (00001) reported H1 2026 earnings on June 30, 2026. Profit attributable to common shareholders reached HK$268.01 billion, surging 3,046% year-over-year, while reported revenue totaled HK$255.392 billion, up 6%. The company declared an interim dividend of HK$0.7455 per share. The exceptional profit growth was primarily driven by one-off gains from strategic asset disposals, including the sale of UK Railways and UK Power Networks stakes and a 49%
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08:51

Cheung Kong Property Holdings Reports HK$8.683B H1 2026 Profit, Up 37.78% Year-on-Year

According to Guzhong Finance, Cheung Kong Property Holdings (01113) reported H1 2026 interim results on August 13 with revenue of HK$40.306 billion, up 58.77% year-on-year, and profit attributable to shareholders of HK$8.683 billion, up 37.78% year-on-year. Earnings per share stood at HK$2.48, with an interim dividend of HK$0.41 per share proposed. The group's residential, office, and hospitality segments showed steady performance amid improving market conditions in Hong Kong. Real estate projec
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08:50

Hong Kong's Hang Seng Index Closes Down 43 Points, Breaking Above 20-Day Moving Average Then Retreating

Hong Kong's stock market showed volatile movement today, with the Hang Seng Index closing down 43 points to 25,396, or -0.17%. The index opened over 150 points lower at 25,288, then recovered and briefly broke above its 20-day moving average near 25,469, but faced selling pressure around 25,500 and reversed lower. The index has now declined for three consecutive days, with cumulative losses of 540 points or -2.09%. The National Index fell 19 points to 8,426, while the Tech Index rose 15 points t
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08:49

South Korea Delays ETF and Derivatives Policy Push Amid Market Volatility Concerns

According to Hankyung, on Aug 13, South Korean financial authorities have delayed planned initiatives to promote exchange-traded funds (ETFs) and derivatives products, citing concerns that recent market volatility from single-stock leveraged products could be exacerbated by further policy changes. The Financial Services Commission had planned to introduce fully active ETFs by removing correlation coefficient restrictions that currently require delisting if funds fall below 0.7 correlation to ben
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08:49

South Korea Considers Expanding Retirement Fund Risk Asset Limit to 100% on August 13

According to South Korea's financial investment industry, on August 13, the government reviewed plans to expand the investment limit for risky assets in retirement funds from the current 70% to 100%, relaxing the so-called "30% safe asset rule." Mirae Asset Securities, the country's largest pension manager, formally called for regulatory reform on the same day, signaling industry support for the proposed changes.
08:46

CIT Telecom Reports H1 2026 Net Profit of HK$463 Million, Up 0.4% Year-on-Year

According to its interim results announcement, CIT Telecom (01883) reported revenue of HK$4.748 billion for the first half of 2026, down 1.23% year-on-year, while net profit attributable to shareholders rose to HK$463 million, up 0.4% year-on-year. Earnings per share stood at HK12.5 cents, with an interim dividend of HK5 cents per share proposed. Telecom services revenue reached HK$4.078 billion during the period, driven by growth in mobile communications and international telecom services, thou
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