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
07:32

Whale 'Goal Setting' Closes All Short Positions After Three-Trade Loss of $4.5M Net

According to AI 9684xtpa, whale account 'Goal Setting' has closed all short positions and exited with a net loss across its latest three trades. The account achieved a $20 million gain on a long position, but suffered losses on two successive short trades: $6.283 million on the first short, and approximately $19.158 million on the second short, resulting in a combined loss of roughly $4.5 million for the comeback series. The account previously disclosed total lifetime profits of around $70 milli
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07:31

Kakao Stock Targets Cut by Five Brokerages on August 25 Amid AI Spin-off; Kiwoom Cuts 36.4%

According to Herald Economy, five South Korean brokerages including Kiwoom Securities, Meritz Securities, Samsung Securities, Daol Investment Securities, and Hana Securities cut their stock price targets for Kakao on August 25. Kiwoom Securities made the steepest cut, reducing its target price from 110,000 Korean won to 70,000 won, a 36.4% decline. Meritz Securities cut its target by 28.8%, followed by Daol Investment Securities at 25% and Samsung Securities at 18.4%. Analysts cited uncertainty
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07:31

MBK Partners Discloses 69 Billion Won Fund Diversion Evidence Against Goryeo Zinc Chairman on August 25

According to MBK Partners, on August 25, the consortium disclosed evidence alleging that Choi Yun-beom, chairman and director of Goryeo Zinc, diverted 69 billion won of company funds into three entertainment ventures through a pattern of personal investment followed by company co-investment. The pattern targeted Arc Media, Hi-Hat, and Slingshot Studio, with six investment transactions occurring across these entities. MBK contends this structured approach—where Choi's family invested first, then
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07:31

SEC Proposes Crypto Financing Exemptions: Up to $75M in 12 Months for Qualified Issuers

According to BIT, the U.S. Securities and Exchange Commission (SEC) has proposed new regulatory rules that would provide securities registration exemptions for qualifying crypto asset financing activities, potentially lowering compliance barriers for token issuance. The proposal creates two exemption categories: a one-time financing exemption allowing up to $5 million within four years, and a continuous financing option permitting up to $75 million within any 12-month period. Both categories req
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07:26

Storage Sector Faces Outflows; On-Chain Positions Collapse 45–60% on Hyperliquid in 7 Days

According to BlockBeats citing TradingBeats, on August 25, storage stocks on Hyperliquid showed a sharp divergence between price and open interest. Since July 30, SKHX, SNDK, and MU rose 29.9%, 52.6%, and 28.5% respectively, yet their combined open interest (OI) fell from $999 million to $677 million, a 32.2% decline. Contract positions plummeted: SKHX down 45.1%, SNDK down 47.2%, and MU down 60.4%. The de-leveraging accelerated over the past 7 days. From August 18 to August 25, combined OI drop
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HYPE1.97%
07:25

South Korea's V-KOSPI Volatility Index Drops 42% as Market Rotates From Semiconductors to Steel, Biotech

According to Edaily, as of August 25, South Korea's KOSPI 200 volatility index (V-KOSPI) fell to 56.29, down 42 percent from a June 29 high of 96.94, signaling reduced market turbulence and a shift away from mega-cap semiconductor plays. The KOSPI climbed 45.78 points (0.68 percent) to 6,742.74, while the KOSDAQ rose 13.82 points (1.70 percent) to 827.15. Since June 29, semiconductor and IT stocks fell 28 percent, underperforming the KOSPI's 20 percent decline. Meanwhile, steel and materials ral
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07:25

Tesla Raises Cybertruck Prices Up To 7%, Sales Declined 45% in Q1

On August 25, Tesla raised prices on two Cybertruck variants, with the Dual Motor All-Wheel Drive model increasing 7.1% to $74,990 and the Premium All-Wheel Drive rising 6.2% to $84,990, according to Tesla's website. The Cyberbeast remained at $99,990. The price hikes come amid a sharp slowdown in Cybertruck sales. According to Cox Automotive estimates, Tesla sold 3,519 Cybertrucks in the first quarter, down about 45% from the prior-year period. First-half U.S. sales were estimated at 7,263 vehi
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07:23

National Pension Service to Host 7th GENIE Forum on September 3-4 in Jeonju

On August 25, South Korea's National Pension Service announced it will host the 7th GENIE Forum on September 3-4 at its Fund Management Headquarters in Jeonju's Innovation City, jointly organized with Jeollabuk-do Province and KB Financial. The conference theme is "Asset Management Strategies in the Era of Geopolitical Inflation." Keynote speaker Chris Hogsbin, CEO of Lazard Asset Management, and Camille Blackburn, FCA Asia-Pacific Regional Director, will headline the event, with panel discussio
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07:22

Bitmine Adds 32,447 ETH Last Week, Holding Now 5.85M ETH Worth $14.7B

According to Cryptonomist, Bitmine added 32,447 ETH last week (August 17), bringing its total holdings to 5,847,611 ETH valued at approximately $14.7 billion. The purchase was worth roughly $81.5 million at current prices. Bitmine's ETH position now represents 4.8% of Ethereum's circulating supply, approaching its stated 5% target. Bitmine stakes 5,067,309 ETH of its holdings, worth about $12.7 billion and representing 87% of total holdings. The company's staking operations generated annualized
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ETH1.73%
07:19

Shanghai Copper Leads China Futures Inflows at 1.52B Yuan; Gold, Silver See Net Outflows on August 25

According to Jin10 Futures, as of August 25 at 15:16, Shanghai copper (CU2610) led China's major futures contract inflows with 1.519 billion yuan, followed by 30-year treasury bonds (T2612) at 1.016 billion yuan and CSI 1000 (IF2609) at 758 million yuan. On the outflow side, Shanghai gold (AU2610) saw the largest net outflows at 2.7 billion yuan, followed by Shanghai silver (AG2610) at 2.177 billion yuan and CSI 300 (IF2609) at 2.119 billion yuan.
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07:16

Nvidia Faces Up to $280 Billion Market Value Swing Ahead of August 26 Earnings

According to options traders and ORATS, Nvidia will report second-quarter earnings on August 26, with implied stock volatility of 5.4% expected to drive up to $280 billion in market value swings. This volatility forecast is lower than the 6.5% expected before May's earnings and below the 12-quarter historical average of 7.4%. Analysts including Susquehanna's Chris Murphy noted that Nvidia's actual volatility has often trended below market expectations in the past two years, suggesting diminished
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07:15

Upbit Trading Volume Surges to $1.446 Billion, Up 138.2% in 24 Hours

According to ChainCatcher citing CoinGecko, Upbit's 24-hour trading volume surged to $1.446 billion in the past 24 hours, up 138.2% compared to the previous day. XRP/KRW led the trading pairs with a 20.16% share of total volume, followed by BTC/KRW (12.09%), USDT/KRW (11.57%), ETH/KRW (6.89%), and PROM/KRW (5.31%).
XRP1.04%
BTC3.96%
ETH1.73%
PROM11.45%