Gate Crypto Flash News and Market Updates

According to China's State Administration of Foreign Exchange, the country's goods and services trade surplus reached $91.2 billion in July 2026. Exports totaled $424.2 billion while imports stood at $333 billion, with goods and services trade covering merchandise trade and services including travel, transportation, and telecommunications.

According to Meituan's Q2 earnings report, the company posted revenue of 104.64 billion yuan for the quarter ended June 30, 2026, a 14.4% year-over-year increase. Net income surged 490% to 2.155 billion yuan, while adjusted EBITDA reached 4.098 billion yuan, up 47.3% YoY. Core local commerce revenue hit 71.531 billion yuan with a 7.9% profit margin.

According to Istat, Italy's consumer confidence index came in at 94.5 in August, falling short of the expected 94.5 and showing a slight increase from the previous month's 94.2.

According to Jin10, on August 28, China's National Development and Reform Commission held a national investment promotion meeting with relevant departments, emphasizing accelerated deployment of central budgetary investment and new policy finance tools. The meeting called for strengthening supervision of major project implementation, expediting issuance and utilization of local government special bonds, ensuring strict fund monitoring and timely disbursement. The NDRC also stressed systematic ad

According to Istat, Italy's consumer confidence index fell to 94.5 in August, below the expected 94.6 and slightly above the previous month's 94.2.

According to Yonhapinfomax, Japan's Nikkei 225 index closed up 273.58 points (0.41%) at 66,405.56 on August 28, while the TOPIX index gained 29.49 points (0.72%) to 4,146.71. The gains were supported by overnight strength in U.S. markets and a rally in semiconductor and AI-related stocks. Semiconductor exporters including Advantest and Taiyoyuden surged over 2% and nearly 4%, respectively, while financial stocks also saw buying pressure. Investors remained cautious ahead of Federal Reserve Chair

Eurozone industrial sentiment indicator came in at -5.3 for August, beating the forecast of -5.2 and improving from July's -6.1, signaling modest recovery in manufacturing confidence.

The Eurozone industrial sentiment index came in at -5.3 in August, falling short of the expected -5.1 forecast and declining from the previous month's reading of -6.1, according to official data released on August 28. The index decline represents a deterioration in industrial confidence across the eurozone.

Italy's Istat business confidence index fell to 89.9 in August, coming in below the expected 89.9 compared to the previous month's 89.6, according to official data.

The eurozone's economic sentiment index for August reached 98.4, exceeding market expectations of 97.5, according to official data. The prior month's figure was revised upward to 97.1 from an initial reading of 96.9.

The Eurozone's August consumer confidence index came in at -15.5, matching both the forecast and the previous month's reading, according to official economic data released today.

Xiangrui Tungsten Industry announced H1 2026 operating revenue of 2.633 billion yuan, up 182.85% year-over-year, with net profit attributable to shareholders reaching 482 million yuan, surging 2,522.40% year-over-year.

According to Morgan Stanley, the company raised Marvell Technology's (MRVL) price target to $246 from $224 on August 28, representing a 9.8% increase.

According to predict.fun, IG holds a 71% probability of defeating TT in today's Knights Path playoff match, scheduled for 5 p.m. local time. The best-of-five series is an elimination match; the winner advances to the LPL playoffs, while the loser ends their season. IG enters with a 4-1 record from the third season phase, while TT qualified from the Ascension group.

According to Seoul Foreign Exchange Market data, the Korean won weakened to 1372.5 against the US dollar today, marking its lowest level in 13 months. The currency fell 8.4 won compared to the same time yesterday. The won has not traded at this level since July 24, 2025, when it reached 1367.20. The Korean won-yen exchange rate also declined, touching lows below 860 won per Japanese yen intraday.

On August 28, Nvidia reported record quarterly revenue of $96.221 billion with net income of $60 billion and gross margin near 75%, up 106% from a year earlier. CFO Colette Kress surprised markets with a 70% revenue growth forecast for fiscal 2028, well above Wall Street's 44% consensus estimate. The stock surged nearly 9% post-earnings, adding approximately $440 billion to Nvidia's market value and breaking a four-quarter pattern of post-earnings declines. The stronger-than-expected outlook tri

According to Maeil Business Newspaper, on August 26, the Trump administration declared a national emergency on the U.S. power grid, effectively banning Chinese battery energy storage systems (BESS) from large-scale power infrastructure on national security grounds. Chinese suppliers had previously dominated 70-80% of the North American BESS market. South Korean battery makers posted sharp gains in response to the policy shift. Samsung SDI shares rose 43.83% this month to 571,000 won, while LG En

According to Lookonchain monitoring on August 28, a suspected insider wallet (0x2078) purchased 2 million FRIEND tokens for 1.88 ETH (approximately $4,700) before the token's price surge. The wallet subsequently sold the entire position at 20.25 ETH (approximately $50,800), realizing a profit of 18.37 ETH (approximately $46,000)—nearly 10 times the initial investment. The FRIEND token price surged approximately 30 times following Machi's announcement of a $1 million acquisition of Friend.tech.

According to Ukrainian President Zelensky, on August 27, Ukraine struck an oil refinery in Yaroslavl region, located 1,000 kilometers from the front lines. Ukraine also responded to Russian military operations in the Black Sea by targeting a Tu-95MS missile carrier aircraft at an airbase in Engels using special forces from the Security Service of Ukraine.

According to the UK government, the country plans to give the Bank of England a secondary objective to support innovation in stablecoins, tokenized finance, and digital payment infrastructure. The mandate will cover emerging technologies and digital settlement assets while remaining subordinate to the central bank's core responsibility for financial stability, according to an official proposal. City Minister Lucy Rigby said tokenization and distributed ledger technology could reshape global fina