Gate Crypto Flash News and Market Updates

According to Bloomberg, Indonesia's Gresik smelter halted operations over the weekend due to a boiler leak and will suspend work for several weeks for assessment and repairs, delaying copper exports. The facility processes ore from the Grasberg mine and supplies major buyers who have been notified of the extended shutdown.

According to its mid-year results announcement, Kowloon Wharf Group (HKEX: 00004) reported a 16.61% year-on-year decline in underlying net profit to HK$1.697 billion for the six months ended June 30. The company's revenue fell 5.73% to HK$5.344 billion. Despite the earnings decline, the group declared a regular interim dividend of HK$0.2 per share and a special interim dividend of HK$0.2 per share to commemorate its 140th anniversary.

According to Kineta Technology (01478), the company's camera module and LiDAR product sales in July totaled 38.493 million units, down 7.2% month-over-month and 3.2% year-over-year, primarily due to customer project cycle effects and weak smartphone market demand affected by memory price increases. Biometric module sales reached 10.735 million units, declining 10.3% month-over-month and 25.5% year-over-year for similar reasons, while automotive and IoT camera products showed notable growth.

According to the Financial Services Commission statement reported by iNews24, on August 11, South Korea abolished the 1-million-won threshold for the Travel Rule (information provision requirement). All virtual asset transfers between operators must now include customer identification information, regardless of transaction amount. The FSC also expanded supervisory oversight by including major shareholders in the reporting and examination scope for virtual asset operators.

Taiwan's Taiex Weighted Index closed up 0.4% today, reaching 45,120.72 points.

According to iM Securities statement on August 11, the South Korean brokerage announced the issuance of 50 billion won in subordinated bonds, scheduled for August 14. iM Financial Holdings, the parent company, will subscribe to the entire offering. The 30-year bonds carry an annual coupon of 5.78%, paid quarterly. Combined with 150 billion won issued in July, the two-month capital raise totals 200 billion won. The equity capital ratio (NCR) is expected to rise to 531%, up 126 percentage points y

According to Guru Club, coking coal futures rose 3% intraday on August 11, trading at 1,313 yuan.

According to Guru Club, Singapore's benchmark Straits Times Index fell 1.2% to 5,076.81 points on June 4.

According to JPMorgan Chase's strategy team led by Dubravko Lakos-Bujas, the bank raised its S&P 500 year-end target price to 8,000 from 7,800 on August 10, citing improving profit returns from AI capital investments. The index closed at 7,753.11 on Monday. The strategists noted that investors are now seeing returns on the billions of dollars spent on AI infrastructure, translating to stronger earnings growth. Google, Amazon, and Microsoft showed accelerated cloud revenue growth with expanding o

According to Morgan Stanley's Asia-Pacific Technology Review on August 11, analyst Jay predicts that SK Hynix's fiscal 2027 HBM (high-bandwidth memory) contract pricing will increase by less than 40% annually, lower than market expectations of over 50%. The more conservative forecast factors in Nvidia's strategic importance and Hynix's annual repricing flexibility.

Spot gold fell below the $4,400 per ounce level intraday on August 11, reaching a low of $4,381 per ounce. The precious metal declined 0.15% during the trading session.

According to Populus CSO Kang Hee-chang, who spoke at the Injective Institutional Lunch Forum in Seoul on August 11, blockchain is rapidly transitioning from a technology for digital asset investment to core financial infrastructure for asset issuance, movement, and trading. Real-world assets (RWA) excluding stablecoins showed significant growth over the past year, with tokenized stocks climbing 502%, bonds 146%, and commodities 204%, Kang said.

On August 10, Vitalik Buterin and the Ethereum Foundation released a new L1 roadmap called "strawmap" with five core objectives that differ significantly from Buterin's 2023 vision. The priorities include seconds-level transaction finality, one gigagas per second throughput on the base layer, one gigabyte per second data capacity on layer-2, post-quantum cryptographic security, and privacy as a first-class protocol feature. Buterin emphasized that post-quantum security and privacy have risen sub

According to OpenAI, the company recently released GPT-5.6-Cyber, a cybersecurity-specific model built on GPT-5.6 Sol designed for approved defenders. The model completes 95% of requests involving exploit chain development, authentication bypass, and privilege escalation, compared with 1.5% for the general-purpose GPT-5.6 Sol. OpenAI said GPT-5.6-Cyber discovered two vulnerabilities in Google Chrome's V8 engine (CVE-2026-15903) and surfaced over 400 kernel vulnerabilities. Access to the model is

Twelve Nasdaq 100 stocks have more than doubled in price year to date in 2026, with none belonging to the Magnificent Seven mega-cap tech group. SanDisk led the surge at up 406%, followed by Micron at 207% and Intel at 175%, while the broader list favors companies building AI infrastructure hardware including Arm Holdings, Marvell Technology, and Western Digital. Meanwhile, the Magnificent Seven underperformed significantly. Amazon gained only 20%, Nvidia 14%, Apple 13%, and Alphabet 12%, with M

According to Jin10, the robot sector in mainland China's stock market rallied in the afternoon of August 11, with Greenland Harmonic and Zhongda Lide surging over 8%. Multiple robot-focused ETFs, including Guotai Harvest Robot ETF (159272), Penghua Robot ETF (159278), and E Fund Robot ETF (159530), rose over 2%.

According to Vanda Research, SpaceX (SPCX-US) closed at $138.74 on Monday (August 10), up 4.23%, recovering its IPO price for the first time since July 16. However, retail investors recorded their first net sell of $4.5 million on August 7 since the company's June 12 IPO, according to market data firm Vanda Research. Vanda's senior equity strategist Jai Malhi noted that retail investors' average cost basis is $147, suggesting the selling may reflect profit-taking or loss mitigation. Goldman Sach

According to Trader Murphy, Glassnode's latest BTC Seller Exhaustion Index entered an extreme exhaustion zone for the first time in the current bear cycle, indicating extreme sell-side pressure on Bitcoin. The index triggers signals when both low volatility and high losses conditions are met simultaneously. Historically, such signals have appeared multiple times across previous bear markets. Murphy noted that while the first entry into this zone does not necessarily correspond to an absolute bot

According to the Seoul Regional Tax Office Investigation Division 4, the South Korean tax authority launched a tax investigation into Kumho Petrochemical (011780) on August 11. The probe focuses on potential omissions in related-party company disclosures submitted by Park Chan-gu, the group's controlling shareholder, to financial regulators, as well as examining trademark royalty payments between the company and its subsidiaries.

According to Korea Economic Daily TV, approximately 80 companies will be delisted from South Korea's KOSDAQ market after close of trading on August 12 due to market capitalization below 20 billion won or share prices below 1,000 won. The list of delisted companies will be announced tomorrow.