Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
08:50

Hong Kong's Hang Seng Index Closes Down 43 Points, Breaking Above 20-Day Moving Average Then Retreating

Hong Kong's stock market showed volatile movement today, with the Hang Seng Index closing down 43 points to 25,396, or -0.17%. The index opened over 150 points lower at 25,288, then recovered and briefly broke above its 20-day moving average near 25,469, but faced selling pressure around 25,500 and reversed lower. The index has now declined for three consecutive days, with cumulative losses of 540 points or -2.09%. The National Index fell 19 points to 8,426, while the Tech Index rose 15 points t
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08:49

South Korea Delays ETF and Derivatives Policy Push Amid Market Volatility Concerns

According to Hankyung, on Aug 13, South Korean financial authorities have delayed planned initiatives to promote exchange-traded funds (ETFs) and derivatives products, citing concerns that recent market volatility from single-stock leveraged products could be exacerbated by further policy changes. The Financial Services Commission had planned to introduce fully active ETFs by removing correlation coefficient restrictions that currently require delisting if funds fall below 0.7 correlation to ben
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08:49

South Korea Considers Expanding Retirement Fund Risk Asset Limit to 100% on August 13

According to South Korea's financial investment industry, on August 13, the government reviewed plans to expand the investment limit for risky assets in retirement funds from the current 70% to 100%, relaxing the so-called "30% safe asset rule." Mirae Asset Securities, the country's largest pension manager, formally called for regulatory reform on the same day, signaling industry support for the proposed changes.
08:46

CIT Telecom Reports H1 2026 Net Profit of HK$463 Million, Up 0.4% Year-on-Year

According to its interim results announcement, CIT Telecom (01883) reported revenue of HK$4.748 billion for the first half of 2026, down 1.23% year-on-year, while net profit attributable to shareholders rose to HK$463 million, up 0.4% year-on-year. Earnings per share stood at HK12.5 cents, with an interim dividend of HK5 cents per share proposed. Telecom services revenue reached HK$4.078 billion during the period, driven by growth in mobile communications and international telecom services, thou
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08:43

Securitize Falls 16% in Premarket After Q2 Earnings Miss, Tokenization Revenue Down

Securitize shares fell 16% in premarket trading on Thursday (August 13) after missing Wall Street earnings estimates for the second quarter of 2026. The tokenization platform reported $14.4 million in total revenue, falling below the consensus estimate of $20.6 million, according to its official results. Shares traded at $6.62 as of 8:10 am UTC, down from Wednesday's close of $7.86. Tokenization revenue declined to $7.8 million, down 12% year-over-year from $8.9 million in Q2 2025. The company p
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08:43

Suwon Court Rejects Align Partners' Bid to Suspend Dentium Director on August 12

According to Dentium, on August 12, Suwon District Court rejected an application filed by Align Partners Asset Management, Samsung Securities, and Align Partners Korea Fund LP to suspend executive duties for external director Kim Hee-taek. The court found the shareholder meeting held on March 31, 2026, proceeded lawfully with no violations detected and deemed the allegation of forged proxies unsubstantiated based on available evidence. Align Partners stated it will pursue a separate lawsuit to a
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08:43

Samsung, SK Hynix Cash Assets Surge 117 Trillion Won in 2026 Amid AI Chip Boom

According to Seoul Economic Daily on August 13, Samsung Electronics and SK Hynix combined cash and short-term financial assets surged 117 trillion won year-to-date, with Q2 balances reaching 189.9 trillion won and 87.9 trillion won respectively—increases of 50.97% and 151.75% versus end-2025. Across 138 semiconductor-listed firms, Q1 cash assets totaled 103.46 trillion won, up 26.7% from year-end, far outpacing the 2.4% gain across all listed companies. Samsung's Q2 operating profit hit 89.5 tri
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08:42

Solana Avoids Halt as TeraSwitch Routing Failure Pushes 28.83% of Staked SOL Offline

According to Marinade Finance, on August 12, a routing failure at infrastructure provider TeraSwitch disconnected 28.83% of staked SOL across 90 validators, pushing the network within striking distance of a transaction finality halt. The outage affected twelve locations across Europe and Asia-Pacific when a default route propagated from TeraSwitch's Miami site. Despite the severity, the Solana network never stopped processing transactions; 597 of 699 staked validators continued voting, and affec
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SOL-0.19%
08:42

Pepperstone Appoints Xero SVP Nigel Fernandes as CTO Starting October 1 to Build AI-Native Platform

Pepperstone has appointed Nigel Fernandes, Senior Vice President and Executive General Manager of Engineering at Xero, as its Chief Technology Officer, effective October 1. The appointment underscores the Melbourne-based broker's strategy to build proprietary technology and expand beyond traditional CFD trading into cryptocurrency and AI-powered fintech services. Fernandes brings over 20 years of engineering leadership experience, including roles at Publicis Sapient, Coles Group, SEEK, and Envat
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08:42

UK Lawmakers Press Banks on Crypto Access on Aug. 11 Ahead of New Rules

According to Bitcoin.com News, UK lawmakers from the Crypto and Digital Assets All-Party Parliamentary Group (APPG) wrote to chief executives of major UK banks on Aug. 11, pressing them to explain their policies on crypto account restrictions before new regulations take effect. The letter, from APPG co-chairs Gurinder Singh Josan MP and Lord Vaizey of Didcot, asks banks to clarify whether they provide accounts to crypto firms, what restrictions they impose on digital asset transactions, and whet
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08:41

Hyperliquid Lowers Data Infrastructure Access Barriers, HLP Idle Funds to Enter Lending Pool on August 13

According to BlockBeats, on August 13, Hyperliquid Foundation adjusted its on-chain data infrastructure rules to allow professional providers to connect at lower costs. Previously, direct node connection required staking 10,000 HYPE and reaching Tier 1 market maker status. Under the new structure, infrastructure service providers can now access the network and offer connections to external clients at reference prices below $1,000 per month, with 99.9% uptime requirements. Meanwhile, Hyperliquid
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HYPE3.41%
08:41

Robinhood Crypto Trading Volume Plunges 62% YoY to $10.9B in July

According to The Block, Robinhood's crypto trading volume in July fell 62% year-over-year to $10.9 billion, down 33% month-over-month. The Robinhood app saw crypto trading volume decline 74% to $4.3 billion, while Bitstamp reported a 45% drop to $6.6 billion.
08:41

China Mobile Reports H1 2026 Profit of 78.934 Billion Yuan, Down 6.29% YoY

According to its mid-year results announcement, China Mobile (00941) reported operating revenue of 538.035 billion yuan for the first half of 2026, down 1.05% year-over-year, with shareholder profit reaching 78.934 billion yuan, declining 6.29% from the prior year. The company declared a mid-year dividend of 2.51 yuan per share, with basic earnings per share at 3.64 yuan. The company's computing power services division showed strong momentum, generating 52.9 billion yuan in revenue, up 14.0% yea
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