Gate Crypto Flash News and Market Updates

According to Yonhapnews, on August 1, 30 KOSDAQ-listed small-cap companies began facing management designation and delisting risks as a new minimum market capitalization threshold of ₩20 billion took effect. This stricter requirement, part of the government's value-up policy, coincided with KOSDAQ's severe downturn; the index fell 21.4% in July, with trading volume shrinking to an average of ₩6.1 trillion daily. Between July 22 and 31 alone, 19 listed companies filed deficit notices. The Financi

According to Odaily, chain analyst Ash monitored that Trump Media transferred 2,628 Bitcoin to Crypto.com 6 hours ago today. The company is currently facing a $555 million loss on its total Bitcoin holdings. Trump Media currently holds 4,261 BTC valued at $268 million, with unrealized losses of $237 million.

According to Washington State Fire Department, on August 1, a wildfire rapidly spread in Spokane County, Washington, prompting Level 3 evacuation orders—the highest alert level—for multiple areas. Fire personnel are working to contain the blaze. Meanwhile, Washington State reported 12 active wildfires across the state with a total burned area exceeding 800 square kilometers.

According to Bitcoin News, Core-Lightning developer ddustin's recent technical analysis traces the 2021 COLDCARD vulnerability to a compiler workaround. The flaw stemmed from conflicting Python, MicroPython C, and STM32 hardware random number generator (RNG) implementations that triggered compilation errors; developers subsequently set MICROPYHWENABLERNG to 0 to resolve the issue. The workaround had unintended consequences: firmware ceased using the hardware RNG for new wallet creation, revertin

According to Odaily, Binance co-founder CZ commented on X that security patches for self-custody wallets cannot protect wallets already generated before the fix, as developers cannot directly contact users with air-gapped devices. CZ noted that users' wallets remain exposed to attack risks until they take action. While supporting self-custody, CZ emphasized that users must assume greater security responsibility.

According to Odaily, Grayscale urged U.S. Senate leadership to vote on the CLARITY Act before the August recess, citing ongoing regulatory uncertainty facing digital asset businesses. The company sent letters to Senate Majority Leader John Thune and Minority Leader Chuck Schumer. The CLARITY Act proposes to divide digital asset market oversight between the SEC and the Commodity Futures Trading Commission (CFTC) and establish unified federal market rules covering market structure, custody, enforc

According to The Wall Street Journal, Elon Musk rejected a report that Tesla had explored selling or separating its China business as part of preparations for a potential merger with SpaceX. Musk characterized the story as entirely inaccurate and stated that separating Tesla's China operations had never entered internal discussions. Tesla's China operations remain central to the company's business, with Gigafactory Shanghai producing over 450,000 vehicles and delivering more than 480,000 units i

According to Hankyung, the Korean won strengthened significantly against the U.S. dollar in July, appreciating 8.81% to close at 1,424 won per dollar on July 31. This marks the largest monthly appreciation since March 2009. The won touched 1,418 won per dollar on July 30, the lowest level in nine months. From July 27 to 31, the currency gained 42.6 won, the biggest weekly advance in approximately three years and eight months. Analysts attributed the strength to improved dollar supply conditions,

According to on-chain analyst Ember Monitor, Trump Media transferred 2,628 BTC to Crypto.com on August 2, worth approximately $165 million. The transfer typically signals potential selling intent, though the transaction has not been confirmed. So far this year, the company has sold 7,281 BTC for roughly $545 million at an average price of $74,860, realizing losses of approximately $318 million. Cumulative losses on its Bitcoin investment have reached $555 million.

According to President Zelensky, Russia launched 35 missiles and 185 unmanned drones to attack Ukraine on August 2. In response, Ukrainian forces struck refineries in Russia's Bashkortostan region and a sanctioned Russian container ship exceeding 100,000 tons. Meanwhile, Russian Defense Ministry reported conducting large-scale strikes on Kyiv's military industrial facilities. Kyiv authorities reported 9 deaths and 28 injured from Russian attacks. According to international media reports, Russian

According to Michael Saylor on X, Strategy announced its Bitcoin monetization plan on June 29, 31 days earlier than the company's second-quarter earnings disclosure. Saylor clarified that the plan does not mandate Bitcoin sales and Strategy remains a net buyer of Bitcoin long-term.

According to Jin10, tensions in the Middle East escalated sharply on August 2. Iran's military announced deployment of new unmanned drones, while Israeli media reported the U.S. is moving toward approving strikes on Iranian energy infrastructure. Israeli officials described the situation as reaching a critical point on the brink of escalation. Kuwait's military confirmed multiple vital installations came under attack and destroyed several Iranian drones. Meanwhile, two oil tankers faced attacks

SK Hynix shares surged 30% in Seoul on July 31, hitting the daily price limit at 1.718 million Korean won per share (approximately $1,197), while its U.S.-listed American Depositary Receipts (ADR) fell 3.6% to close at $143.69, according to market data. The gap reflected divergent sentiment between Korean and U.S. investors, as domestic retail buyers heavily deployed leverage via leveraged ETFs to amplify gains in memory chip stocks. The rally lifted Samsung Electronics 27% on the same day, prop

According to The Block data panel, the spot trading volume ratio between decentralized exchanges (DEX) and centralized exchanges (CEX) reached an all-time high of 24.14% in July.

According to Alternative.me, the Crypto Fear and Greed Index stands at 27 today (August 2), indicating a "fear" market condition.

According to ChainCatcher, Ark Invest purchased 109,127 shares of Circle (CRCL) on July 31 at $62.61 per share, worth approximately $6.83 million. The fund also bought 11,784 shares of 3iQ Solana Staking ETF (SOLQ.U) at $8.33 per share, valued at around $98,000.

According to Onchain Lens, on August 2, attackers linked to the Coldcard random number generator vulnerability began transferring stolen funds. The attacker cluster has received 1,159.42 BTC from 870 compromised addresses, valued at approximately $72.71 million. Recently, attackers transferred 0.06 BTC to a new address. The remaining 1,159.35 BTC remains distributed across the original 8 attacker addresses, valued at approximately $72.70 million.

According to Yahoo Finance, traffic through the Strait of Hormuz hit a new low on July 31, with only 5 vessels transiting the previous day, according to tracking data from Kpler. Before the conflict, the critical waterway averaged over 100 vessels daily, transporting about one-fifth of the world's oil. All vessels currently using the northern route closer to Iran, with none taking the U.S.-preferred Omani side lane. Iran's newly established Persian Gulf Strait Authority claimed on Friday that th

According to South Korea's Financial Services Commission and Korea Exchange, new rules banning duplicate stock listings, known locally as 'listing splitting,' take effect from August 3. The regulations require shareholder approval for subsidiary listings through spin-offs and raise approval thresholds to protect retail investor interests and address the 'Korea discount' issue.

According to the Korea Exchange, KOSPI fell 95.17 points to 6,595.45 last week (July 27–31), down 1.42%, but experienced extreme intraday swings. The index triggered circuit breakers on consecutive days (July 28–29) and fell to 5,500 before surging 1,001.89 points (+17.91%) on July 31 alone—the largest single-day percentage gain on record. Markets will focus on U.S. major chipmaker earnings this week, starting with AMD on August 4, followed by SanDisk and Western Digital on August 5. Separately,