Gate Crypto Flash News and Market Updates

According to Finance Secretary Frederick Go during budget deliberations on August 17, the Philippine government has not allocated any funding for the Pax Silica industrial hub in the proposed 2027 national budget. "There's nothing in the budget that will spend for this proposed industrial hub because nothing has been signed," Go said. "It's still a discussion." Acting Budget Secretary Kim Robert de Leon confirmed that the National Expenditure Program contains no allocation for Pax Silica. Govern

According to Hong Kong Stock Exchange data, on August 11, China Index Fund (易方达) reduced its holdings in Huatai Securities (06886) by 2.625 million shares at HK$16.4973 per share, totaling approximately HK$43.31 million. Following the transaction, the fund's stake in the company decreased to 6.92%.

According to Zhitong Finance, Kingtech Finance International Holdings Limited (09689) reported interim results for the six months ending June 30, 2026, with profit attributable to shareholders of 37.5 million yuan, compared to a loss of 5.3 million yuan in the same period last year. Revenue reached 1.057 billion yuan, up 169% year-over-year, while earnings per share stood at 0.04 yuan. The turnaround was primarily driven by increased gross margins and higher interest income from bank deposits.

According to Goldman Sachs Prime Services data, hedge funds posted the largest net stock purchases in six months as of the week ending August 13, marking the third consecutive week of net buying. The weekly inflow was 1.6 standard deviations above the average for the past year. Long positions drove the majority of purchases, outpacing short covering by approximately 2.5 to 1. Net purchases were spread across nine of eleven global industries, with hedge funds buying U.S. stocks every day last wee

According to Zhitong Finance App, 1957 & CO. (08495) posted a net loss of approximately 10 million HKD for the first half of 2026, compared to a net loss of around 26 million HKD in the same period last year. The company attributed the improvement primarily to an increase in other income, including the release of a 26.5 million HKD deposit following the failed completion of a settlement agreement related to a proposed transfer of its Causeway Bay restaurant business, and government subsidies of

According to Bitfinex's latest report, Bitcoin has been trading within a narrow range with volatility, trading activity, and market liquidity compressed to levels similar to the late stage of a bear market. BTC currently hovers near the "realized price median" of $63,200, while the key profit-taking level for short-term holders (STH) stands at $67,176.

SK Hynix American Depositary Receipts (ADR) surged 3.97% to $172.93 on August 17 in New York premarket trading, according to State Street Global Markets. The stock has rallied for five consecutive trading days and reclaimed its $170 initial public offering price. The gains reflect broader semiconductor strength fueled by strong earnings from Anthropic and OpenAI. According to CNBC, Anthropic reported Q2 revenue of $11.5 billion, up more than 14-fold from $787 million in the same quarter last yea

According to Bloomberg, family offices from the Americas, Europe, and the Middle East have built a combined $3.8 billion stake in SpaceX, the rocket, satellite, and artificial intelligence company founded by Elon Musk. Among them, the family office of Nick Pritzker, heir to the Hyatt hotel fortune, holds approximately $1.8 billion in SpaceX investments.

According to the Philippine Civil Aviation Authority, passenger throughput reached 8.06 million in July, up 1.4% year-over-year.

According to Hong Kong Stock Exchange data, Huang Wenhui increased his holdings in Wisdom Group Holdings International (01539) by 720,000 shares on August 14 at HK$0.3335 per share, totaling approximately HK$240,100. Following the transaction, his total shareholding increased to approximately 1.925 billion shares, representing a 54.40% ownership stake.

According to Hong Kong Exchange and Clearing Limited, FIL Limited reduced its holding in Ruishen Dongsoft Group (09616) by 500,000 shares on August 12, priced at HKD 2.1431 per share, for a total value of approximately HKD 1.0716 million. Following the reduction, FIL Limited's shareholding decreased to approximately 38.34 million shares, representing 5.93% ownership.

According to Hong Kong Stock Exchange data, on August 12, BlackRock increased its stake in Silvantis Smart Equipment (00470) by 4.704 million shares at HK$31.57 per share, totaling approximately HK$148.5 million. Following the purchase, BlackRock's total holding in the company rose to 119.998 million shares, representing an 11.1% stake.

According to Hong Kong Exchanges and Clearing data, on August 13, Wellington Management Group LLP increased its holdings in Kinepharm-B (02595) by 288,000 shares at 31.4819 HKD per share, totaling approximately 906,700 HKD. Following the increase, the firm's total holdings reached approximately 24.63 million shares, representing a 7.00% stake in the company.

According to Hong Kong Stock Exchange data, on August 12, De Yong Jia Group (00321) Chairman Pan Binze increased his stake by 588,000 shares at HK$1.08 per share, with a total transaction value of approximately HK$635,000. Following the increase, his total holdings rose to approximately 774 million shares, representing a stake of 56.01%.

According to Zhitong Finance, Geely Auto Holdings Ltd. (HK:00175) announced management changes on August 17, 2026. Effective August 18, An Conghui has been appointed chairman of the board, Gui Shenyue will serve as vice-chairman and executive director, and Gan Jiayue has been appointed chief executive officer.

According to its official announcement on August 17, Diptech Technology (01384) completed a share placement of 14.286 million new H shares, raising net proceeds of approximately HK$488 million. The funds will support the company's enterprise AI agent and token productivity platform development. Approximately 70% of the proceeds will fund technology research and development for the DeepWorks enterprise AI agent platform and token productivity infrastructure, 20% will be allocated for strategic in

According to Ukraine's Defense Ministry, in June the Ukrainian armed forces achieved a 1:5 cost-benefit ratio when striking Russian targets, meaning every dollar spent resulted in approximately five dollars of damage to Russia.

According to Hong Kong stock exchange data reported by Zhitong Finance, on August 13, eLong, Inc. increased its stake in Didi Chuxing (02559) by 35.58 million shares at HK$1.3875 per share, for a total of approximately HK$49.37 million. Following the transaction, eLong's total shareholding reached approximately 685 million shares, representing 66.71% ownership.

According to Korean Economic TV's survey of 11 major securities firms on August 17, 90.9% predict South Korea's semiconductor concentration will ease in the second half of 2026 as gains broaden across individual stocks and sectors. The survey respondents expect either consolidation with sectoral rotation or a recovery-led by large semiconductor names followed by gains spreading to other industries. Year-to-date data shows semiconductors up 6.15% in August, lagging construction at 21.59%, energy

According to BofA, Micron (MU) could see fiscal 2030 earnings per share of $200-$250, well above Wall Street's current consensus of $160-$170, as the firm believes the memory industry is entering a structurally stronger phase. BofA reiterated its buy rating with a $1,550 price target, implying approximately 59% upside potential. MU shares rose over 3% in Monday pre-market trade, climbing above $1,000 for the first time since July 23, 2026. Rather than viewing current strength as a temporary memo