Gate Crypto Flash News and Market Updates

According to Zhitong Finance, China Biotech Services (08037) posted profit guidance not less than HKD 15 million for the six months ending June 30, 2026, a turnaround from a net loss of approximately HKD 37 million in the same period of 2025. The company attributed the swing primarily to anticipated fair value gains of HKD 77–87 million from convertible bonds issued in February 2026, partially offset by increased financing costs of approximately HKD 9 million related to the new debt issuance.

According to Bloomberg, President Trump is considering proposing a capital gains tax cut and tax exemptions on certain home sales before the midterm elections, according to senior economic advisors and former government officials. The proposed policies would be part of new commitments to voters.

According to PANews, on Aug 12, Eco announced that its Routes API has launched "Any-to-Any Swaps" functionality, enabling users to exchange any token on one chain for any token on another chain in a single transaction. The feature defaults to LayerZero as the settlement layer and initially covers all EVM chains and Solana that Eco supports. The process involves atomically swapping user-input tokens for stablecoins on the source chain, transferring via Eco's cross-chain stablecoin infrastructure,

According to Yonhapinfomax, the dollar-won exchange rate hit 1,417.60 on August 12, marking its lowest level in over 10 months. The currency peaked at 1,417.60 won in New York trading as foreign investors made net purchases of 2.8 trillion Korean won in domestic stocks. The stronger won came amid solid semiconductor earnings and sustained foreign buying interest. The dollar index was trading at 99.779, while the dollar-yen rate stood at 159.081 and the euro-dollar rate at 1.15436. U.S. July cons

According to PR Newswire, KuCoin EU has appointed Hongyu Chen-Birkenbeul as Managing Director, assigning her responsibility for technology, product, operations and ICT security functions as the Vienna-based platform strengthens its regulated European business under MiCAR. Chen-Birkenbeul brings nearly two decades of experience from PwC Germany, where she led cybersecurity advisory, regulatory compliance programmes and technology partnerships. KuCoin EU secured MiCAR authorisation from Austria's

According to Marinade Finance, Solana came within 4.51 percentage points of losing the ability to finalize transactions on Wednesday morning after a routing misconfiguration at hosting provider Teraswitch knocked 28.83% of staked SOL offline. The network stops finalizing at 33.34%, meaning it got roughly 86% of the way there. Around 90 validators were affected, losing a combined 333 SOL in rewards. A single autonomous system, AS20326, held 27.34% of staked SOL—above the 25% cap set by the Solana

According to Foresight News, Wavebridge and BC Card completed a proof-of-concept for stablecoin-based QR payments on the Base network. In the test environment, foreign visitors were able to use US dollar stablecoins from Base network wallets to make purchases at BC Card merchant QR codes, with merchants settling transactions in Korean won as usual. The companies also verified on-chain asset refund mechanisms when payments are cancelled. Wavebridge plans to advance commercialization under its VAS

According to Jito, the FireBAM validator client is now open-sourced and live on mainnet, supporting both Frankendancer and Firedancer clients. Validators running FireBAM gain access to BAM verifiable sequencing capabilities, Jito Tips, and priority fee revenue. Nodes running FireBAM are eligible for JitoSOL delegation under JIP-28 requirements and can participate in the JIP-31 subsidy program to earn JitoSOL rewards from Jito protocol revenue.

According to Foresight News, ENS announced on August 12 that ENS App and ENS Explorer have entered public Beta testing on Ethereum Sepolia testnet. Users can test the new ENSv2 registry and the first public upgrade process. New features include name upgrades, custom themes, renewal functionality, and price change alerts in ENS App; direct renewal, subdomain management, and dedicated top-level domain pages in ENS Explorer. Starting August 18, ENS will run a security audit competition with Immunef

According to Bitget market data, U.S. crypto-linked stocks showed mixed movement over the past 24 hours, with IREN Ltd up 8.54% and Riot Platforms down 6.99%.

According to Yonhap News Agency, on August 12, South Korea's second special prosecution team indicted former President Yoon Suk Yeol and former National Security Advisor Seo Won-shik on charges of distributing martial law justification content. The indictment brings the total number of criminal cases against Yoon to nine.

According to ESPN, Josh Kushner and Bob Iger will acquire the Los Angeles Lakers for over $12 billion. The transaction represents one of the largest sports team acquisitions in history.

According to ChainCatcher, Goldman Sachs has received BTCI, a $1 billion Bitcoin yield enhancement ETF offering 27% returns. The product captures most but not all of Bitcoin's upside movements. Bloomberg ETF analyst Eric Balchunas noted this move explains why Goldman Sachs has not launched a Bitcoin covered call product it filed for months earlier, choosing instead to focus on strategies that go beyond BlackRock's BITA.

According to Korea Exchange, 36 stocks were designated as management list stocks for the first time following tightened delisting criteria aimed at accelerating removal of underperforming companies from the market. The list includes penny stocks trading below 1,000 Korean won as well as companies with market capitalization below regulatory thresholds. Companies that fail to meet recovery requirements may face eventual delisting.

According to the German Ifo Economic Research Institute survey released on August 12, companies deploying artificial intelligence expect wage pressure over the next five years, with junior employees facing the steepest cuts. The June survey of over 3,000 German firms found that approximately 50% of AI-using companies anticipate salaries for employees with less than five years of experience will decline. About 40% of surveyed companies expect wages for more experienced workers to fall, while empl

According to The Verge, Google unveiled the Pixel Watch 5 today at $399, a $50 price increase from the previous generation. The device features a faster Qualcomm processor and improved battery capacity, alongside new colorways. The primary focus of this generation centers on software enhancements. Gemini gains an offline mode, enabling users to set timers and launch apps without an internet connection, though responsiveness is reduced offline. Gemini will also proactively offer contextual sugges

According to CNBC, Alphabet unveiled the Pixel 11 smartphone lineup on Wednesday (August 12), positioning its Gemini Intelligence suite as the centerpiece amid escalating competition with Apple's Siri rebuild. The new lineup includes Pixel 11, Pixel 11 Pro, Pixel 11 Pro XL, and Pixel 11 Pro Fold. Gemini Intelligence integrates across messages, calendars, maps and other Google services to suggest and execute actions such as checking availability or comparing travel options. Rick Osterloh, Google'

According to BlockBeats, on August 12, Killa, a quantitative trader focused on Bitcoin, shared details of his recent trading activity. He shorted Bitcoin at $74,688 in mid-April and reversed to a long position on June 5 amid the market decline. Killa is known for predicting the peak of the current bull market in May 2025 and boasts over 200,000 followers on X.

According to Tencent's Q2 earnings report released on August 12, the company's AI products including Hunyuan, Yuanbao, WorkBuddy, CodeBuddy, and Xiaowe combined to impact non-GAAP operating profit by 1.05 billion yuan, up significantly from the previous quarter.

Gate News message, according to the August 12 update, Bitcoin ETFs recorded a daily net outflow of 265 BTC (approximately $16.97 million), while maintaining a weekly net inflow of 4,711 BTC (approximately $301.16 million). Ethereum ETFs showed a daily net inflow of 3,823 ETH (approximately $7.28 million), with a weekly net inflow of 89,742 ETH (approximately $170.83 million).