Gate Crypto Flash News and Market Updates

According to CNBC, as Anthropic prepares for an initial public offering, growing public opposition to AI data center construction will be listed as a major risk factor in the company's prospectus. During preliminary investor meetings in San Francisco, company executives including CFO Krishna Rao discussed competition, margin pressures from open-source models, and potential slowdowns in data center expansion. Anthropic filed confidentially for an IPO in June and is expected to become one of the l

According to Yonhapinfomax, Samsung Electronics and SK Hynix's combined corporate tax payments in the first half of 2026 reached 11.2 trillion won, surging 167% from 4.1 trillion won in the same period of 2025, the companies' semi-annual reports showed on August 24. Samsung's H1 tax payments totaled 3.99 trillion won, up from 1.12 trillion won, while SK Hynix's rose to 3.07 trillion won from 307.2 billion won. The companies' accounting corporate tax expenses for 2026 are estimated at approximate

According to Motley Fool, Tim Cook will step down as Apple CEO on September 1, with John Ternus, a 25-year veteran of the company and hardware product chief, taking the helm. The leadership change has raised questions about shifts in Apple's capital allocation strategy. Under Cook's tenure, Apple repurchased $877 billion in stock—the highest amount among all global companies over the past decade—while outstanding shares declined 44%. However, Apple's valuation has climbed sharply, with the price

According to ValueFinder on August 24, S-Energy, a South Korean solar energy specialist, has secured a 5-year energy operations and maintenance contract for an Asia-Pacific hyperscale AI data center project in Singapore. The company will generate approximately 3 billion won in annual recurring revenue from the contract. S-Energy is participating as an investor in the project with a total investment of $22.1 million (approximately 31.5 billion won). Beyond its traditional solar EPC business, the

According to South Korean securities analysts, Samsung Electronics shares dropped to 269,500 won on August 21 following disappointment with the company's shareholder return announcement. Samsung's board approved a total shareholder return of 90-110 trillion won for 2026, approximately five times the previous peak of 20.3 trillion won in 2020. However, only 30 trillion won in cash dividends, including 2.45 trillion won in regular dividends, has been confirmed for the third quarter earnings announ

According to Shinhan Investment Securities, MSD and Moderna announced on August 19 that Keytruda subcutaneous injection (SC), combined with cancer vaccine V940, met primary and secondary endpoints in a Phase 3 melanoma adjuvant therapy trial. The drug combo demonstrated statistically significant improvement in recurrence-free survival (RFS) and distant metastasis-free survival (DMFS). Shinhan maintained a "buy" rating on Alteogen (196170), which manufactures Keytruda SC, citing increased strateg

According to SK Securities analyst Min-sik Na on August 24, Hyosung Heavy Industries (298040) is expanding its U.S. customer base beyond utilities to include AI data center-related clients. The brokerage maintained its buy rating and 4 million won target price, citing growth potential in U.S. power transmission business. Analyst Na noted that HICO America, the company's U.S. sales subsidiary, now includes AI data center operators like Softbank (9% of revenue) alongside traditional utility custom

According to DS Investment Securities, Hanwha Aerospace's U.S. subsidiary, Hanwha Defense USA, won a $260 million contract from the U.S. Army on August 24 for K9A2 self-propelled howitzers. The initial order includes six prototype units with an option to procure an additional 12 units over the next four years. Analyst Kang Tae-ho noted the contract marks a significant milestone for Korean defense systems entering the world's largest defense market. The broader program scope is estimated at appro

According to Daol Investment Securities, on August 24, Samsung Life Insurance and Samsung Fire Insurance had their target prices raised to reflect dividend income from Samsung Electronics' expanded shareholder returns. Samsung Life's target price was raised from 400,000 won to 450,000 won, while Samsung Fire's was increased from 820,000 won to 850,000 won, with both maintaining buy ratings. Samsung Life, which holds an 8.51% stake in Samsung Electronics, is expected to receive 2.34 trillion won

According to data from the Digital Asset Exchange Association (DAXA), South Korea's major cryptocurrency exchanges adopted divergent listing strategies as of end of July. Upbit increased its supported assets from 301 to 340 (adding 39 tokens), while Bithumb expanded from 451 to 474 (adding 23 tokens). In contrast, mid-sized exchanges reduced listings: Coinone decreased from 394 to 375 (minus 19 tokens), Cobit fell from 203 to 199 (minus 8 tokens), and Gopax contracted from 124 to 116 (minus 8 to

According to SK Securities, on August 24, LS Electric received a top-pick rating in the power equipment sector with a target price of 310,000 won, implying 65.8% upside from August 21's close of 187,000 won. The brokerage maintained a buy recommendation, citing the company's three-pronged strategy: expanding from low-voltage distribution into transmission and power transformers, entering the U.S. AI data center market, and pioneering DC conversion technology including semiconductor transformers

According to overseas brokers, the dollar-won 1-month NDF in New York fell to 1,385.80 KRW (mid-price) on August 21 (UTC), down 0.55 KRW from Seoul's spot market close of 1,386.50 KRW after adjusting for swap points. Bid-ask spreads were 1,385.60-1,386.00 KRW. The decline reflected ongoing tensions over Hormuz Strait negotiations, with Iran's President Masoud Pezeshkian stating "the world recognizes our victory" and calling to end the war, while U.S. President Donald Trump countered that Iran la

According to Barron's, DZ Bank analyst Markus Leistner initiated coverage of SpaceX on Friday, August 21, with a sell rating and target price of $100 per share. The target implies approximately 25% downside from SpaceX's closing price of $136.97 on that day. Leistner's price target is 126% lower than Wall Street's consensus estimate of $226, highlighting significant divergence between the sell-side view and broader analyst sentiment. Approximately 75% of analysts covering SpaceX currently hold b

According to Treasury data, the US national debt crossed $40.047 trillion on August 18, 2026, marking the first time in history. The milestone came faster than analysts anticipated, with the debt rising $1 trillion in just five months since March 2026. Of the total, approximately $32.26 trillion is held by the public through bond markets and foreign governments, while $7.78 trillion remains in intragovernmental holdings. According to the Committee for a Responsible Federal Budget, annual net int

According to WSJ, on August 23, Nvidia signed a $6 billion contract with AI startup Fullside to advance open-source AI model development. Nvidia will acquire a license to Fullside's technology and hire most of its engineering team. Approximately 100 employees, including engineers, will join Nvidia to contribute to the Nemotron project, an open-source AI model initiative Nvidia launched in 2023.

According to Federal Reserve officials, Fed Chair Kevin Warsh is scheduled to deliver his inaugural Jackson Hole Economic Policy Symposium keynote on August 28 at 10 a.m. ET. The speech is drawing heightened market attention amid elevated Treasury yields and policy uncertainty. Thirty-year Treasury yields have climbed to approximately 5.2%, and July FOMC meeting minutes revealed a 9-3 vote split—the widest policy division among policymakers in roughly two decades. Inflation has remained above th

According to Bitwise Asset Management, the firm reported $1.8 billion in net inflows across crypto investment products during H1 2026, despite a 36% decline in crypto asset prices over the period. The standout performer was BSOL, Bitwise's Solana staking ETF, which attracted $267.1 million in net subscriptions and ended H1 with $592.3 million in net assets. In contrast, BITB, the firm's spot Bitcoin ETF, saw $755 million in creations offset by $900 million in redemptions, resulting in a net outf

According to Ukrainian President Zelenskiy, Russia could boost annual ballistic missile production to 1,300 units and mobilize an additional 300,000 troops following September elections. Zelenskiy also stated that by 2026, he expects the territories occupied by Russia and those liberated by Ukraine to be equal.

The cryptocurrency market surged to $2.74 trillion in mid-August, adding $500 billion driven by U.S. Treasury bond buyback announcements and White House support for the sector, according to Bitcoin.com News. Bitcoin led the rally, gaining 22% to trade above $77,000, while its market capitalization reached $1.55 trillion. Zcash posted the strongest performance with a 70% weekly surge to peak above $873, while XRP gained 51% to trade near $1.70, making it the second top-performing major altcoin be

According to Jin10, Alibaba announced plans yesterday to allocate 800 billion Hong Kong dollars (approximately 102 billion USD) through a new share offering, with all proceeds directed toward artificial intelligence development and expansion.