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
13:45

SK Innovation Stock Plunges 11% After Announcing Merger of Subsidiary SKIET Today

SK Innovation announced today (August 26) the absorption merger of its subsidiary SK IE Technology (SKIET), which operates the separator business. The stock fell 11.04% on concerns over new share issuance and potential earnings decline, while SKIET shares surged to the daily limit. The company had spun off SKIET through a physical split five years ago.
13:41

Bitcoin Payments Nearly Vanish in El Salvador's Bitcoin Beach, Says Bitcoin Core Developer

According to Crowdfund Insider, Bitcoin Core developer Jon Atack recently made a bitcoin payment in El Zonte, El Salvador's "Bitcoin Beach," and was told by the merchant it was the first bitcoin payment received that month. Bitcoin transactions, once common in the area, have nearly disappeared as most customers switched to bank cards. One shop employee stated they had forgotten how to use bitcoin applications, Atack noted.
BTC-0.77%
13:41

AI Agent Testing Infrastructure Startup Arga Labs Raises $10M Seed Round Led by General Catalyst

According to Techcrunch, AI Agent testing infrastructure startup Arga Labs raised $10 million in seed funding today, with General Catalyst leading the round. BoxGroup, Emergence Capital, Gradient Ventures, and SV Angel also participated. The company provides testing and training infrastructure for enterprise AI Agent deployment through digital twin environments that replicate customer systems, permissions, and workflows.
13:41

Storage Stocks Surge on Wednesday; Neocloud Shares Drop Broadly with GLXY Down 3.93%

According to BIT, storage stocks rallied on Wednesday (Aug 26) with Western Digital (WDC) up 3.16%, Seagate (STX) up 2.35%, SK Hynix (SKHY) up 0.51%, and Micron (MU) up 0.33%. Neocloud shares fell broadly, with Galaxy Digital (GLXY) down 3.93%, IREN down 3.13%, Cipher Digital (CIFR) down 2.76%, and Applied Digital (APLD) down 2.63%.
13:41

MiniMax Increases M3Pro Parameter Scale to Approximately 3T on August 26

According to PANews, MiniMax disclosed during its earnings call on August 26 that the M3Pro model will increase its parameter scale to approximately 3T and expand reinforcement learning and long-context task training to improve model generalization and intelligence capabilities. CEO Yan Junjie noted the company will continue advancing model intelligence, inference efficiency, and infrastructure capabilities.
13:37

Crypto-Linked U.S. Stocks Fall Across the Board Wednesday, GEMI and ABTC Drop Over 4%

According to BIT market data, U.S. crypto-linked stocks fell broadly on Wednesday, August 26. Gemini (GEMI) declined 4.37% and American Bitcoin (ABTC) dropped 4.35%, leading losses. Other notable declines included Marathon Digital (MARA) down 3.64%, MicroStrategy (MSTR) down 3.55%, Coinbase (COIN) down 3.13%, and Riot Platforms (RIOT) down 2.77%. Bullish (BLSH), Robinhood (HOOD), BitNile (BMNR), and Circle (CRCL) also fell, with losses ranging from 1.70% to 2.59%.
13:37

Ethereum Researchers Propose Deposit Contract Upgrade to Support Quantum-Resistant Signatures

According to ChainCatcher, Ethereum researchers have proposed a new upgrade to the deposit contract that would enable the network to support quantum-resistant signature schemes in the future. The proposal aims to restructure the validator registration mechanism by adding cryptographic algorithm switching capabilities. Currently, Ethereum validators use BLS signatures, which rely on elliptic curve cryptography theoretically vulnerable to quantum computing attacks. The upgrade would allow differen
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ETH-0.57%
13:35

OpenAI Unveils Jalapeño AI Chip, Posing Inference Efficiency Threat to Nvidia

According to multiple analysts interviewed by CNBC, OpenAI unveiled its Jalapeño AI chip on Tuesday, marking the first step toward reducing reliance on Nvidia's GPUs. The custom-built chip, designed for inference workloads, delivers industry-leading speed and efficiency comparable to Nvidia's Blackwell-class GPUs. Adrien Sanchez, technology analyst at Yole Group, told CNBC that Jalapeño represents "a threat to Nvidia's inference margins, which is the field growing the most at the moment." The ch
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13:35

Global Crypto Liquidations Hit $311M in 24 Hours, Long Positions Account for $251M

According to Coinglass via ChainCatcher, crypto markets recorded $311 million in total liquidations over the past 24 hours, with long positions accounting for $251 million and short positions $59.77 million. Breakdown by asset: Bitcoin long liquidations reached $84.46 million with $14.38 million in shorts, while Ethereum saw $58.26 million in long liquidations and $13.76 million in shorts. The largest single liquidation occurred on Binance BTCUSDT, worth $11.92 million.
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13:34

U.S. Stock Market Opens Mixed on August 26; Nasdaq Falls 0.22%, META Rises 3%

According to BIT market data, on August 26, the U.S. stock market opened with mixed results: the Dow Jones fell 0.19%, the S&P 500 declined 0.02%, and the Nasdaq dropped 0.22%. Meta Platforms (META) gained approximately 3% after the company reached a settlement over allegations that its platform caused harm to children.
13:32

ProCap CEO Pompliano on Bitcoin's Recent Rally: Dollar Has No Bottom, Bitcoin Has No Top

Anthony Pompliano, Chairman and CEO of ProCap Financial, recently commented on Bitcoin's recent rally, attributing it to expansionary monetary policies and currency devaluation by central banks. Pompliano argued that Bitcoin, with its fixed supply of 21 million, stands out as investors seek alternatives amid ongoing global money printing. He noted that institutional capital inflows through spot Bitcoin ETFs have intensified demand pressure on Bitcoin's limited supply. Pompliano stated, "As long
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BTC-0.77%
13:31

ASIC Cuts Licence Processing Target to 120 Days, Plans 30 Civil Cases in 2026-27

According to its Corporate Plan released on Wednesday, Australia's corporate regulator ASIC aims to complete 80% of routine financial services and credit licence applications within 120 days, down from 150 days, citing productivity improvements. The plan also targets at least 30 new civil proceedings and 25 referrals to federal prosecutors during 2026-27. ASIC will also refer at least 70% of assessed misconduct within 60 days and open formal investigations within 50 days of accepting a referral.
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13:31

Samsung, SK Hynix Cut Target Prices by Up to 8.7%, Yet Stock Gap vs. Targets Remains Above 90%

According to Financial News, Samsung Electronics and SK Hynix' average analyst target prices fell by 4.3% and 8.7% respectively within the past month, yet the discrepancy between targets and actual stock prices remains elevated at 91.4% and 97.7% as of August 25. The two chipmakers' shares have slumped 23.1% and 36.7% respectively in the second half of the year. Analysts contend the stocks are oversold relative to fundamentals, noting earnings forecasts have trended upward, with 2026 operating p
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