Gate Crypto Flash News and Market Updates

Multiple altcoins posted significant gains on August 12-13 across South Korean crypto exchanges. ZKL (ZKLink) led rallies with a 134.47% surge to 0.6 won on Coinone, while CYS (Syslix) jumped 54.49% to 2,359 won on Bithumb and PROM gained 50.46% to 3,900 won on Coinone. Ethereum and other altcoins also rose, with STORJ up 13.98% and VIRTUAL up 10.70% on Upbit. Meanwhile, KAITO fell sharply across multiple exchanges, down as much as 31.81% on Coinone, while NFT declined 25% on Bithumb. Trading ac

According to Nextrade premarket data on the morning of August 13, South Korean semiconductor stocks surged amid relief from U.S. inflation concerns. Samsung Electronics rose 4.31% to 266,500 Korean won, SK Hynix gained 4.92% to 1,578,000 Korean won, and SK Squarex jumped 7.91% to 1,105,000 Korean won. The rally followed favorable U.S. July CPI data that met market expectations, easing interest rate pressure. Analyst Han Ji-young at Kiwoom Securities noted that improved sentiment in U.S. semicond

According to Hong Kong Stock Exchange equity disclosure, H&H International Investment LLC, managed by Duan Yongping, increased its stake in POPMART H-shares from 5.55% to 7.70% on August 6.

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) issued guidance on August 12 reminding prediction market platforms to properly disclose incentive plans and avoid designing incentive structures that could induce misconduct.

According to Yonhapinfomax, South Korea's 10-year bond futures fell 2 basis points to 105.76 in overnight trading on August 13, while 3-year futures closed unchanged at 103.31. Trading volume contracted sharply, with 10-year contracts dropping to 26 from 41 a day earlier and 3-year contracts sliding to 7 from 63, reflecting subdued turnover.

According to Money Today, Okins Electronics, a South Korean semiconductor testing solutions provider, announced the establishment of a Taiwan subsidiary on August 13, aiming to accelerate its entry into artificial intelligence semiconductor and non-memory chip markets. The company reported 2025 consolidated revenue of 94.4 billion Korean won, up 41% year-over-year, with operating profit reaching 11.1 billion won, surging 484%. Market analysts forecast 2026 full-year revenue of approximately 140.

According to the Wall Street Journal, Ukrainian drone operators outperformed U.S. military forces during a joint exercise called 'Combined Resolve' held in Germany earlier this year. The Ukrainian drone operators successfully detected and defeated American troops and armored vehicles deployed from Fort Hood, Texas, according to people familiar with the matter.

According to Barron's, citing reports from Asia Business Daily, Singapore's Temasek, a $400 billion state-owned investment fund, is planning to invest in SK Hynix and Samsung Electronics on Wednesday (August 12), sparking gains across semiconductor stocks. SK Hynix ADR surged 9% and its Seoul-listed shares rose 5.5%, while Samsung climbed 6.7% in Seoul trading. By comparison, Micron Technology gained 4.92%. Temasek's spokesperson told Barron's the fund did not seek advice from South Korean autho

According to Bank of America economist Aditya Bhave, the bank is holding firm on its forecast for three Federal Reserve rate hikes in 2026, even after July's Consumer Price Index rose 0.1% in line with expectations, keeping the annual rate at 3.4%. Bhave argues the Fed cut rates too aggressively last year, hedging against labor market weakness that did not fully materialize, and now needs to unwind 75 basis points of those cuts. He expects the first hike in September, citing long-term borrowing

According to Korea Exchange data released on August 13, Korean retail investors net purchased 162.2 billion Korean won of KODEX 200 index ETF from August 3-12, the third-largest volume among all listed ETFs during the period. Meanwhile, foreign investors net purchased 114.2 billion Korean won of KODEX 200 Inverse 2X—an ETF that generates 2x returns during index declines—reflecting opposing market views. Retail investors also favored U.S. index-tracking ETFs and covered call products, while both

According to KB Securities report released on August 13, Samsung Electronics and SK Hynix stocks fell sharply as of August 12, trading at extreme valuations with 2027 price-to-earnings ratios of 3.7x and 3.2x respectively. KB Securities' Head of Research Kim Dong-won stated both companies face "extreme undervaluation," with operating profits projected to surge 13.2x and 8.2x respectively between 2025 and 2027. Samsung's 2027 operating profit is estimated at 575 trillion Korean won versus SK Hyni

According to BlockBeats, on August 13, trading firms including Hudson River Trading and Citadel Securities have refused to pay for Truth API, a data service launched by Trump's media company, citing it as not essential for trading operations, despite some market participants already subscribing. U.S. Securities and Exchange Commission Chair Paul Atkins stated the agency is monitoring the Truth API data flow situation. Current insider trading regulations do not explicitly address a sitting presid

According to Bloomberg, Taiyo Yuden stock rose 7.51% on Wednesday (August 12) after Situational Awareness disclosed its stake in the Japanese capacitor maker. However, the AI-focused hedge fund had already reduced its position to below the 5% reporting threshold by August 3, weeks before the filing was made. The fund's stake peaked at 16.61% on July 22 before reversing sharply. Margin calls forced Situational Awareness to sell after losses in AI infrastructure stocks, with assets under managemen

According to CNBC and Investing.com, optical components and photonics solutions provider Coherent Corp (NYSE: COHR) reported fiscal 2026 Q4 adjusted earnings per share of $1.74, exceeding Wall Street's consensus of $1.62. Q4 revenue reached $2.05 billion, up 34% year-over-year and topping market expectations of $1.98 billion. Adjusted gross margin improved 215 basis points to 40.2%. The company also provided optimistic guidance, projecting Q1 FY2027 revenue of $22–24 billion (midpoint $23 billio

According to CNBC, on August 12, Michael Burry, known for his role in the financial crisis, warned investors about a notable market anomaly. Citing technical analyst Jonathan Krinsky of BTIG, Burry highlighted that the New York Stock Exchange has not experienced a single "80% downside-volume day"—when 80% of total trading volume occurs in declining stocks—for 182 consecutive trading days. This marks the longest such streak in at least 30 years, significantly exceeding the previous record by appr

According to iM Securities, North American energy storage system (ESS) battery shipments reached 76GWh in the first half of 2026, surging 83% year-over-year. Global ESS battery shipments totaled 461GWh, up 71% year-over-year, signaling stronger-than-expected demand acceleration in the region. LG Energy Solution and Samsung SDI combined shipments increased 159% to approximately 15GWh, raising their market share from 14% to 20%. Both companies are rapidly expanding ESS production capacity: LG Ener

According to The Elec, BOE is seeking to become a second OLED panel supplier for Apple's next-generation iPad Air, scheduled for spring 2027 release. The Chinese panel maker is developing OLED panels for the device at its Chongqing B12 factory and plans to submit samples for quality and production capacity evaluation. Apple is expected to make a final decision on BOE's supply eligibility by the end of 2026. If BOE fails certification, Samsung Display will likely remain the sole supplier for the

According to its filing released Wednesday (Aug 11), CoreWeave Inc. warned investors that shifting away from its current reliance on NVIDIA artificial intelligence (AI) chips would require substantial investment of time, capital, and resources. The company cautioned that changes in customer demand may necessitate acquiring alternatives to NVIDIA graphics processing units (GPUs), potentially affecting its ability to deliver required products to clients.

According to Bloomberg, U.S. consumer price inflation in July met market expectations on August 12, easing concerns about a Federal Reserve interest rate hike in September. Asian stock markets are expected to open higher on August 13 as investor anxiety over accelerating inflation abates.

Gate News message, a whale address has transferred approximately 1,770 BTC (worth approximately $112.14 million) after remaining dormant for about 2 years. The position was initially worth approximately $131.91 million when received from a centralized exchange. The transfer breakdown shows 114 BTC (approximately $7.23 million) sent to a CEX and 1,650 BTC (approximately $104.91 million) moved to a fresh wallet address.