Gate Crypto Flash News and Market Updates

According to BlockBeats, Binance co-founder He Yi warned on August 24 that CZ does not use WeChat. He Yi clarified that the "Binance Marketplace" actively promoted in WeChat groups and accounts impersonating CZ are fraudulent schemes. Users are urged to verify official channels and be cautious of impersonation-based scams.

According to market commentary, Samsung Electronics saw an 8% stock price decline on Friday following the announcement of its largest-ever shareholder return plan. The decline contrasts with SK Hynix, whose stock rose after announcing a similar buyback initiative. Market participants expressed disappointment that the plan fell short of initial securities industry expectations of up to 200 trillion won, particularly noting the absence of share buyback commitments outside of employee compensation

Iran's Foreign Ministry spokesman stated today that Iran will mobilize all bilateral capabilities to counter U.S. economic sanctions.

Investor Michael Burry expects Nvidia to post strong Q2 earnings on Wednesday but warns that roughly 100% of chipmakers' announced revenue is circular, according to his Substack comments. Burry said the earnings will be "lights out" but driven by FOMO rather than independent demand, citing data from the Bank for International Settlements (BIS). Nvidia's Q2 revenue is projected to reach $91.48 billion, more than double from a year ago, with adjusted earnings of $2.07 per share, according to Fisca

According to News1, SK Hynix launched a 40 trillion won self-share buyback program starting August 20, aiming to acquire and cancel 24.07 million shares by November 19. The company is applying to repurchase 650,000 shares daily. As of August 24, the chipmaker has completed approximately 1.95 million shares, representing 8% of the target volume, at an average purchase price of 1.716 million won per share. Share buybacks accounted for 10%-15% of daily trading volume over the period, with a real-ti

According to Jin10, Western Gold announced on August 24 that its gold product sales volume for the first half of 2026 (January-June) reached 10.14 tons, up 70.96% year-over-year, while production volume grew 63.69% to 9.66 tons. The company also reported electrolytic manganese and manganese ingot sales of 38,800 tons, alongside 159,400 tons of manganese ore sales during the same period.

According to Jin10 data, Western Gold announced on August 24 that its H1 2026 net profit attributable to shareholders reached 547 million yuan, up 315.67% compared to 132 million yuan in H1 2025. Operating revenue for the period was 11.043 billion yuan, up 119.62% year-over-year. The company will distribute a cash dividend of 0.50 yuan per 10 shares, totaling approximately 45.55 million yuan.

According to Interactive Brokers, the broker integrated SafetyPay as an account-funding option for eligible clients in Latin America, enabling deposits from personal bank accounts in local currencies before accessing global markets. SafetyPay, owned by Paysafe, covers more than 380 banks and 16 countries across the region, providing fast and low-cost transfers through local payment infrastructure. Clients will be able to trade stocks, options, futures, currencies, bonds and funds across more tha

According to RootData's latest ranking of stock derivative exchanges, HTX leads with the highest 24-hour weighted spread at 0.904%, followed by Crypto.com at 0.452% and OrangeX at 0.357%. Binance, Gate, and OKX tie for the lowest spread at 0.01% each. Higher spreads typically indicate greater trading costs for users.

According to Iran's Foreign Ministry spokesman Baghaei, Pakistan's Army Chief of Staff visited Iran on August 24 to discuss bilateral relations, with Baghaei stating that ties between the two countries are currently at "one of their best phases." Baghaei added that an Oman delegation will separately address maritime security and navigation in the Strait of Hormuz, noting both countries as regional coastal states will exchange views on these issues.

According to Jin10 futures, on August 24, Dalian Commodity Exchange (DCE) warehouse receipts across key chemical futures showed mixed movements: polyethylene fell 7 contracts to 4,336; polyvinyl chloride dropped 114 to 120,897; polypropylene rose 1,104 to 28,800; styrene increased 400 to 400; ethylene glycol declined 150 to 3,666; and liquefied petroleum gas rose 600 to 3,968.

According to Jin10, France's Finance Minister Leclerc stated on August 24 that lowering a major corporate tax originally planned as a one-time measure would face difficulty. The special tax, introduced in 2025, was extended to this year as France struggled to control its budget deficit. Leclerc said the government does not intend to introduce new taxes during upcoming negotiations on the 2027 fiscal bill, noting that increasing taxes has been France's default solution for 40 years but this appro

According to Moonshot AI (operator of Kimi), on August 24, the company announced that its first-generation trillion-parameter multimodal model Kimi K2.5 will be retired at the end of August 2026.

According to Guru Club, Indonesia's candidate for the commodity trading regulator said today, August 24, that he will establish trustworthy infrastructure, price mechanisms, and liquidity markets for the country's incoming commodity exchange.

According to the UK Maritime Trade Operations Office, all crew members are safe as of August 24, with no reports of environmental impact received so far.

According to BlockBeats, on August 24, HertzFlow announced backing from a group of early-stage supporters, including founders and angel investors such as Cedric (Flap), Leo (42space), Mirror Tang (Zerobase), Richard Liu (Huma Finance), Ryan Li (Surf), Shane Qiu (Bitway), Timon (Raydium), Wee Kee (Virtuals), Winchman (Renaiss), Xin Yan (Sign), Henry (Cetus Protocol), and Yisi Liu (Mask Network). The project stated that additional supporters will join in the coming period, with the team working al

According to Guru Club, Claude is investigating an abnormal increase in error rates across its Mythos 5, Fable 5, and Opus models on August 24.

According to the UK Maritime Trade Operations, a tanker was struck by an unidentified projectile approximately 63 nautical miles west of Yanbu, Saudi Arabia. The impact caused the vessel's main deck to catch fire.

According to Yonhapinfomax, LG生活건강 (LG H&H) decided on August 24 to sell its entire stake in The Avon Company for 83 billion won (approximately $62 million) to Stratford Worldwide, LLC. The transaction marks the company's exit from North American direct-sales operations seven years after acquiring Avon for 145 billion won in 2019. The sale represents 0.1% of LG H&H's total consolidated assets and is aimed at strategic portfolio restructuring to focus on core businesses. The transaction is schedu

Iran's foreign ministry spokesman on August 24 dismissed reports regarding millions of barrels of oil passing through the Strait of Hormuz as psychological warfare by adversaries, stating the claims do not reflect reality.