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
23:04

Huya Inc. Reports Q2 Revenue of $590.8M, Up 16% YoY, Beats Estimates

Huya Inc. reported second-quarter net revenue of $590.8 million, up 16% year-over-year and surpassing the market estimate of $571 million. Adjusted earnings per ADS from continuing operations came in at $1.24, exceeding the consensus estimate of $1.17. For the third quarter, the company guided net revenue of $602 million to $622 million, above the market estimate of $590.3 million.
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23:02

U.S. Clarity Act Seen With Only 19% Chance of Passing by Year-End, Per Kalshi

According to prediction market platform Kalshi on August 25, market participants have priced the probability of the Clarity Act becoming law by the end of this year at 19%, with the odds of passage before April 1, 2027 standing at 44%. The bill, which passed the House on a bipartisan basis last July, faces a Senate procedural vote on September 15. The legislation clarifies regulatory jurisdiction over cryptocurrencies between the Securities and Exchange Commission (SEC) and the Commodity Futures
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23:01

Premier Partners Doubles K-Bio Vaccine Fund Target to 2 Trillion Won, Acquired Baim Posts 676% Operating Profit Growth

According to Asia Economy, South Korea's first LLC-structured venture capital firm Premier Partners was selected as the main operator of the government's K-Bio Vaccine Fund No. 7, with the fund's target size increased from 1 trillion won to 2 trillion won. As of August 18, 2026, Premier Partners' total assets under management (AUM) reached approximately 3.52 trillion won across VC and PE divisions. The firm's PE portfolio has delivered notable returns, particularly through its 2023 acquisition o
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22:58

U.S. Dollar Falls as Oil Prices Drop on U.S.-Iran Truce Reports, August 25

According to Russian state news agency RIA Novosti, the U.S. dollar weakened on August 25 as international oil prices fell sharply following reports of an easing in U.S.-Iran tensions. The dollar index (DXY) declined 0.134% to 98.883, down from the previous close of 99.016. Oil prices dropped over 3%, with Brent crude closing below $90 per barrel for the first time in seven trading sessions. RIA Novosti reported, citing Pakistani military and Iranian security sources, that the U.S. and Iran agre
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22:55

Meta's Mosseri Denies Withholding Information in Social Media Addiction Trial, Faces Potential $200B Penalties

According to CNBC, on Tuesday, August 25, Instagram chief Adam Mosseri testified at a federal courthouse in Oakland, California that he does not direct employees to hide information from him. "I'm not trying to encourage my team to hide anything," Mosseri said during the first day of his testimony in a landmark lawsuit against Meta. Mosseri responded to questioning regarding whether Meta attorneys requested internal staff to withhold child safety research and teen mental health studies. A bipart
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22:49

China Hog Prices Rise to 11.13 Yuan/kg, Up 7.54% Since Early August

According to China Hog Net, hog prices (Landrace-Duroc-Yorkshire crosses) rose to 11.13 yuan per kilogram on August 25, marking a gain of 7.54% since early August. The recovery was driven by improved downstream demand as high temperatures eased in August, boosting household fresh meat consumption and cold carcass throughput. Collective events such as school celebrations, business reopenings, and weddings also increased institutional dining channel demand. Data from Chuangsui Zixun showed that as
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22:49

U.S. Debt Exceeds $40 Trillion, Federal Reserve's Barkin Warns of "Reckoning"

According to Jin10, on August 26, Federal Reserve Vice Chair Barkin warned that rising U.S. public debt will eventually face a "reckoning," though the exact timing remains unpredictable. With U.S. public debt surpassing $40 trillion, Barkin noted that as long as investors continue purchasing Treasury securities, the government can sustain borrowing. However, he cautioned that investor sentiment could shift. "As things develop, there will ultimately be a reckoning. No one can predict exactly when
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22:47

China's Power Grid Investment Accelerates Energy Storage Deployment in H1 2026

According to China Securities Journal, China's power equipment and energy storage sectors accelerated in the first half of 2026, driven by intensified capital expenditure from major state-owned grid operators. Ultra-high voltage transmission projects and distribution network upgrades expanded rapidly, spurring a surge in energy storage installation demand. Lithium battery material profit margins recovered as energy storage companies reported significant revenue and profit gains in their first-ha
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22:44

Dallas Emerges as Financial Hub, Attracting Major Wall Street Institutions Recently

According to Washington Post, Dallas is rapidly becoming a major financial hub to rival New York's Wall Street, as large financial institutions including Goldman Sachs, JPMorgan, and Bank of America establish significant offices and campuses in the Texas city. The shift has been driven by regulatory relaxation, tax incentives, and aggressive corporate recruitment policies. Texas Governor has recently designated Texas as America's financial capital, following the launch of the Texas Stock Exchang
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22:43

Fed's Warsh to Deliver Jackson Hole Speech Friday; Siegel Sees Potential Catalyst for Stock Surge

According to Business Insider, economist Jeremy Siegel expects Fed Chair Kevin Warsh's speech at Jackson Hole on Friday (Aug 28) could catalyze significant stock gains if he clarifies which economic indicators guide monetary policy decisions. Siegel believes market clarity on policy metrics—such as 5-year inflation expectations or Fed Funds futures—may drive investor confidence. However, he cautioned that if Warsh's remarks lack substantive policy guidance, investors may retest current Treasury
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22:40

Iran's UN Ambassador Warns US Economic Pressure May Have Serious Consequences

According to Iran's UN ambassador, as reported by IRNA on August 25, the US "economic pressure campaign" could result in serious consequences. The envoy called on all nations to reject and condemn the unilateral coercive measures imposed by the US government, which are designed to force member states to comply with American policy while disregarding their sovereignty and legitimate policies.
22:33

Mirae Asset Securities: Long-Term Shareholder Returns Key to Resolving South Korea's Stock Market Valuation Discount

According to Mirae Asset Securities, the research firm issued a report yesterday (August 26) stating that long-term shareholder return policies are essential to resolving South Korea's persistent stock market valuation discount. The firm noted that high valuations in the U.S. stock market reflect not only earnings generation capacity but also the cumulative effect of active shareholder returns over extended periods. Mirae Asset Securities recommended that South Korea's market should similarly im
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22:31

JYP Entertainment Faces Most Target Price Downgrades as Stock Falls 56% in 3 Years

According to F&Guide, JYP Entertainment received 28 target price downgrades from securities firms between August 1 and 23, the most among all individual stocks. The downgrades follow disappointing Q2 results and growing uncertainty around key artists including TWICE's future activities and Stray Kids' mandatory military service. JYP's Q2 revenue fell 15.1% year-over-year to 183.1 billion Korean won, while operating profit dropped 41.4% to 31 billion won. Multiple brokerages cut targets, with SK
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22:31

DRAM Prices Rise Over 50% This Quarter; Micron's Long-Term Pacts Cap Upside

According to Barron's reporting and Susquehanna analysis released Monday, DRAM contract prices are estimated to rise over 50% this quarter compared to Q2, while NAND flash memory prices are forecast to jump approximately 60%. However, Micron Technology has signed long-term supply agreements with major customers that include price caps on certain products, limiting its ability to fully capture the pricing gains. The pacts provide profit protection during future downturns. Separately, Micron share
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22:30

Trump Submits Saudi Nuclear Deal to Congress, Insists on Israel Normalization

According to Wall Street Journal, Trump submitted a landmark Saudi civil nuclear agreement to Congress today (Aug 26), maintaining his requirement that Saudi Arabia normalize relations with Israel. The 30-year deal is expected to spark months of debate among lawmakers on balancing U.S. nuclear industry growth with preventing weapons of mass destruction proliferation in the Middle East. The agreement has drawn controversy over concerns it could permit uranium enrichment activities in Saudi territ
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22:30

Marvell Technology to Release Q2 Earnings on August 27, Seen as Catalyst for Stalled AI Stocks

According to Joe Terranova, chief market strategist at Virtus Investment Partners, speaking on CNBC on August 25, Marvell Technology will release its second-quarter earnings on August 27, which could provide momentum to AI-related stocks that have stalled recently. Terranova stated that the chipmaker's earnings will serve as a gauge of whether hyperscale cloud companies will maintain their data center investment pace, and positive results could help revive semiconductor and AI stocks that have r
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