Gate Crypto Flash News and Market Updates

According to Jin10 Data citing China's Foreign Ministry spokesperson on August 26, President Xi Jinping will attend the 2026 Shanghai Cooperation Organization summit in Bishkek from August 30 to September 3. During the visit, Xi will conduct state visits to Kyrgyzstan and Egypt at the invitation of their respective presidents.

According to tZERO, on August 25, the company entered a strategic partnership with the Sui network to integrate regulated digital asset services. The integration provides Sui-based issuers with token issuance, transfer agency operations, custody, trading, compliance monitoring, and settlement capabilities. The arrangement is designed to allow projects to access established financial infrastructure without developing separate systems for regulatory and operational requirements.

According to SlowMist, a blockchain security firm, Enjin's gaming and NFT platform suffered a smart contract vulnerability attack on August 26, resulting in the theft of approximately $162,000. The attack exploited a storage slot collision flaw that allowed attackers to gain unauthorized admin privileges through improper adapter design, enabling them to drain user assets. Following the incident, Enjin's native token ENJ declined 6.39% to $0.02625 over the prior 24 hours.

According to Huobi's official social media, Huobi HTX will host a live stream tonight at 8 PM (Beijing time) to discuss Bitcoin's 30% surge over four days. The session, titled "BTC's Four-Day Rally: Bull Market Revival or Final Euphoria?," will feature crypto KOLs 0xMoon, Xiaozhi, Yefeng, HiSeven, and YIYI. Participants will analyze the market drivers behind the rapid Bitcoin price movement and discuss market sentiment, capital flows, and near-term price trends.

According to E Daily on August 26, Korean-listed company Kumyang (001570) failed to submit its interim report by the legal deadline of August 14, intensifying delisting risks as the company faces a liquidity crisis. The Seoul Southern District Court is expected to issue a final decision by late September on whether to uphold the Korea Exchange's delisting order. The company has also postponed a 405 billion won capital increase from Saudi Arabia-based SkyBridge Trading and Investment to September

According to BlockBeats, HashKey On-Chain and Conflux Network announced a strategic partnership today (August 26) to enhance blockchain infrastructure services. HashKey Cloud will serve as a validator node and infrastructure provider for the Conflux network following necessary assessments. The collaboration will focus on monitoring, security, risk management, and ecosystem incentives, with both parties exploring cross-chain compatibility and interoperability applications in the future.

According to Yonhapnews, on August 26, the Korean won-to-U.S. dollar exchange rate closed at 1384.8 won, down 1.3 won from the previous trading day. The rate has held within the 1300 won range for six consecutive trading days since July 19. Market dynamics include sustained foreign investor outflows from domestic equities, offset by won conversion demand following SK Hynix's U.S. stock depository receipt (ADR) listing, and dollar-selling flows from exporters.

According to Counterpoint Research, iPhone 17 led global smartphone sales in Q2 2026 with 6% of total shipments, followed by iPhone 17 Pro Max and Pro in second and third positions. Apple and Samsung each occupied five spots in the top 10 best-selling smartphones, with the leading ten models collectively capturing 26% of global smartphone sales, a 2% increase year-over-year. The base iPhone 17 maintained its position as the quarter's best-seller, with significant upgrades narrowing the gap with

According to Jin10 data, Dubai International Airport saw passenger traffic decline 31% in the first half of 2026 to 31.5 million, citing disruptions from Iran-related geopolitical tensions that forced airlines to reroute services. Q2 passenger throughput reached 13 million. Despite slight recoveries in May and June, the airport pushed back its annual 100 million passenger target by one year. Major regional carriers including Emirates, Qatar Airways, and Etihad have reduced operations and adjuste

Bank of Thailand kept its benchmark interest rate at 1% on August 26, in line with market expectations and unchanged from the previous decision.

According to Gate data, South Korea's KOSPI index closed 65.47 points higher on August 26, up 0.97% to 6,808.21. Japan's Nikkei 225 index also advanced on the same day, rising 405.73 points, or 0.62%, to close at 66,262.16.

According to ChainCatcher, Tencent Group Senior Executive Vice President and Cloud and Smart Industries CEO Tang Daosheng responded recently to external criticism about the company's slower pace in AI development, stating that insufficient computing power has significantly delayed Hunyuan model training and product advancement. Tang noted that Hunyuan Hy3 demonstrates strong performance among similarly-sized language models, but the company's overall computing capacity constraints have created s

According to Jin10 Data citing China Customs (Guangdong), Guangdong's bonded zones recorded 1.05 trillion yuan in imports-exports during the first seven months of 2026, up 32.3% year-over-year and hitting a record high for the same period. The region reached the milestone two months earlier than the previous year. Guangdong's bonded zones contributed 23.3% to the province's total foreign trade growth during the period.

According to Motley Fool, Nvidia's forward price-to-earnings ratio for fiscal 2027 fell to 23.6x on August 25, based on an EPS consensus of $9.02, bringing valuations in line with the S&P 500 average. Wall Street analysts have consistently raised earnings estimates, with fiscal 2027 EPS expectations rising from $6 a year ago to above $9 currently, particularly after four consecutive quarters of upward revisions following earnings releases. Nvidia reported second-quarter fiscal 2027 revenue of $9

According to ChainCatcher, stablecoin cards linked to USDC and USDT accumulated deposits of $138 billion as of August, representing an increase of nearly $100 billion over the past 12 months. Multi-chain settlement shows Base leading with approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Arbitrum, Scroll, Ethereum, and Stellar also host significant activity. USDC currently leads in tracked card spending, while USDT is accelerat

According to Korea Exchange, in the past month ending August 26, seven out of ten domestic active-listed ETFs underperformed their benchmark indices. Among equity-focused active ETFs, nine out of ten lagged their respective indices, despite higher management fees compared to passive alternatives.

According to market sources, AI company Deepseek generated $70 million in revenue as of July, representing 10-fold growth compared to 2025.

According to BlockBeats, on August 26, Huang Licong (known as "Machi Dage") clarified that recent reports from Taiwan media claiming his investment portfolio surged 84-fold are false news. Huang previously rolled over approximately $150,000 into a $11.15 million long position during last week's crypto market uptrend, recovering roughly $11 million. Despite cumulative losses of approximately $35 million from long positions on ETH over the past 10 months, his historical losses have narrowed to app

According to TASS, Russia's Novorossiysk grain terminal was hit by drones in August, with infrastructure recovery potentially requiring one to four months.

According to a Reuters survey released on August 26, 57% of economists now expect the Bank of Japan to raise its benchmark interest rate to 1.25% in September, a sharp increase from just 5% in the previous survey. Additionally, over half of surveyed economists anticipate a further rate increase to at least 1.50% by the first quarter of 2027, up from the prior forecast of 1.25%.