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
08:03

Term Labs Loses $8.5M in Governance Attack; 2,843 ETH and 1.6M DAI Seized

According to CertiK monitoring, Term Labs suffered a governance attack on August 23, resulting in losses of approximately $8.5 million. The stolen assets include 2,843 ETH and approximately 1.6 million DAI, currently held at an address beginning with 0xD5183. Term Labs acknowledged that its vault was affected by a governance vulnerability and stated it will provide further details following an investigation.
ETH-1.82%
08:01

Gold Mining and SK Hynix ETFs Surge in South Korea; Gold Mining Up 11.94% in 4 Days

According to Financial News, South Korea's ETF market saw gold mining and semiconductor-related products lead gains from August 18-21. HANARO Global Gold Mining ETF rose 11.94% and ACE Gold Futures Leverage (synthetic) gained 9.12%, topping the performance rankings. SK Hynix-focused leverage ETFs also rallied strongly, with KODEX SK Hynix Single-Stock Leverage climbing 8.69%, followed by related products posting gains between 8.2% and 8.7%. Conversely, defense leverage products and secondary bat
More
08:01

U.S. Stocks Post Weakest Midterm Election Cycle Returns; Volatility Expected to Ease 50 Days Before November 3 Vote

According to Samsung Securities analyst Yu Seung-min, the U.S. stock market is currently in its weakest performance phase within a four-year political cycle, with the S&P 500 averaging just 0.6% returns during midterm election years compared to 1.6% in presidential election years and 2.0% the year after. Analysis of historical data since 1945 shows that while equities struggle before midterm votes, volatility patterns shift around a key inflection point: the VIX typically remains elevated 100 to
More
08:00

Alibaba's HK$80 Billion Share Placement Oversubscribed

According to Odaily, Alibaba announced today (August 23) a placement of new shares valued at HK$80 billion to investors outside the United States. The offering has been oversubscribed, with strong demand from long-term investors including sovereign wealth funds.
07:58

Six EU Countries Push for Windfall Tax on Oil Companies on August 23, Citing Middle East Conflict

According to a draft letter seen by Agence France-Presse (AFP), six EU member states are pushing for a windfall tax on oil companies across the European Union on August 23. Germany, Italy, Austria, Poland, Portugal, and Spain have called for the measure to be included on the agenda of next month's EU finance ministers meeting in Dublin. The ministers wrote that oil company profitability and refining margins have outpaced crude price gains amid the Middle East conflict, which they describe as one
More
07:57

Term Labs Suffers Governance Attack, Loses $8.5M in Assets

According to CertiK, Term Labs suffered a governance attack on August 23, resulting in approximately $8.5 million in asset losses. The attacker's address currently holds 2,843 ETH (approximately $7.1 million) and about 1.6 million DAI.
ETH-1.82%
07:55

Hong Kong Launches 30 AI Projects Across 13 Departments on August 23

According to Jin10, on August 23, Hong Kong Financial Secretary Chen Maobo stated that the Special Administrative Region government is advancing AI adoption across multiple sectors. AI-related IPO fundraising in Hong Kong reached nearly HK$100 billion from December last year through May 2026, accounting for approximately 55% of total IPO proceeds during the period. The government's AI Capability Enhancement Group has facilitated 30 efficiency-improvement projects spanning 13 departments. Chen no
More
07:50

Kazakhstan Holds First-Ever Single-Chamber Parliament Elections on August 23 with 545 Candidates

According to Jin10, Kazakhstan held its inaugural elections for the single-chamber parliament, the Kurultai, on August 23. Voting took place from 7 a.m. to 8 p.m. local time across 10,423 polling stations, with over 12.6 million registered voters participating, according to Kazakhstan's Central Election Commission. A total of 545 candidates from seven political parties across the nation contested in the election. Official results are expected to be released within ten days of voting completion.
More
07:45

Foreign Brokers' Net Profit Surges 214% in Q2 as KOSPI Breaks Through 9,000

According to the Financial Investment Association, South Korea's foreign brokerage firms saw net profit surge 214% in the second quarter of 2026 as the KOSPI index breached the 9,000 level. Major foreign brokerages including JP Morgan, Goldman Sachs, Merrill Lynch, UBS Securities, Morgan Stanley, and Citi Global Markets significantly outpaced domestic large-cap securities firms in profit growth. Some foreign brokerages with fewer than 100 employees generated earnings comparable to domestic major
More
07:43

KCC Announces Dividend Plan to Shareholders on Samsung Special Payout, Stock Gains 24.74% in August

According to Korea Exchange, KCC announced on August 21 a shareholder value-enhancement plan committing to distribute at least 50% of special dividends received from Samsung C&T (of which it owns 10.49%) to its own shareholders. KCC shares surged 24.74% this month following the announcement. The company pledged to use proceeds exceeding Samsung C&T's base dividend of 2,500 won per share as distribution resources, with remaining funds allocated to debt repayment and financial structure improvemen
More
07:40

Syria Seeks Diplomatic Solution with Israel, Demands End to Attacks

According to Syria's Foreign Minister in recent remarks, Syria does not trust Israel but is extending diplomatic outreach to seek a resolution. The official stated that Syria's primary objective is to stop Israeli attacks and called on Israel to seize the historic opportunity to resolve the conflict through diplomacy.
07:33

Bitcoin 50-Day and 200-Day Moving Averages Approaching Golden Cross, Says CoinDesk Analyst

According to CoinDesk analyst James Van Straten, Bitcoin's 50-day moving average (50DMA) and 200-day moving average (200DMA) have both turned upward and are approaching a golden cross formation on August 23. The analyst noted that Bitcoin typically experiences price increases in the weeks preceding a golden cross. Van Straten highlighted that the current market structure differs from the 2022 cycle, stating "this appears to be a new market phase." Bitcoin has recently returned to areas near its
More
BTC-1.67%