Gate Crypto Flash News and Market Updates

According to financial investment industry data on August 18, KOSPI 200 companies' Q2 operating profit surged 286% year-over-year to 245.3 trillion won, marking a record high. Net income attributable to shareholders jumped 430% to 237 trillion won. The earnings season was marked by widespread outperformance, with 57.4% of companies beating expectations—the highest ratio since Q1 2021. Profit improvement extended beyond semiconductors into refining, materials, industrials, healthcare, and financi

According to U.S. Deputy Secretary of Energy Hoehstetter, approximately half of Venezuela's current oil production is being exported to the United States.

According to Politico, multiple U.S. oil producers are set to sign an agreement with Venezuela's state oil company PDVSA on Tuesday in Houston.

Bitcoin climbed to approximately $64,847, breaking above $64,500 as traders responded to renewed U.S.-Iran tensions following President Donald Trump's statement that no negotiations with Tehran are underway or scheduled. BTC extended its recovery from the low-$63,000 area despite elevated risks around the Strait of Hormuz. Bitcoin funding rates reached their highest levels in about 20 months, indicating strong leveraged long positioning in perpetual futures markets, though Binance taker buy volu

According to market data on Aug. 18, the S&P 500 fell 0.6%, the Nasdaq dropped 1.4%, and the Dow remained near flat, pressured by a sharp semiconductor selloff and rising Treasury yields. The Philadelphia Semiconductor Index posted steep declines, with Nvidia and other major chip stocks moving lower as investors trimmed exposure to technology shares. The 30-year Treasury yield climbed above 5.3%, while the 10-year yield remained elevated near 4.7%, increasing borrowing costs and weighing especia

As of Tuesday, the 10-year U.S. Treasury yield broke above 4.7%, driven by a selloff in long-dated U.S. government bonds, with the yield curve steepening as investors reassess expectations for economic growth, inflation, and fiscal risk. The surge directly pressures U.S. households through mortgage rates; 30-year mortgage applications now carry rates around 6.75%, significantly raising borrowing costs for homebuyers. Multiple factors are pushing long-term borrowing costs higher. The Congressiona

According to Bloomberg, TerraPower LLC, the only U.S. company currently constructing a utility-scale nuclear power plant, plans to announce its second project this year, which is intended to serve a data center. CEO Chris Levesque indicated the company aims to begin groundbreaking on the second project in 2027.

On Tuesday (August 18), ICE raw sugar futures rose 3.62% and ICE white sugar futures climbed 3.44% in New York close. ICE Arabica coffee futures surged 5.53%, while Coffee C futures gained 4.31% on continued strength. New York cocoa futures fell 2.39% to $5,924 per ton, while London cocoa futures declined 1.83%.

According to Fox Business, the U.S. Securities and Exchange Commission (SEC) has formally proposed Regulation Crypto Assets on August 18, establishing a new framework for cryptocurrency asset offerings in the United States. The proposal permits issuers to raise funds without SEC registration if cumulative fundraising does not exceed $5 million over four years or $75 million annually. The framework introduces conditional safe harbors for crypto assets after completion of key management functions

According to sources cited by Jin10, U.S. negotiators have downgraded expectations for a last-minute deal with Canada to avert new tariffs taking effect on Wednesday (August 20). Insiders indicated the probability of reaching an agreement by midnight Tuesday is "50-50 or lower." Canadian goods valued at billions of dollars face 50% tariffs under the new measures. Trump is expected to call Canadian Prime Minister Chrystia Freeland again on Tuesday, following a conversation between the two leaders

According to Bloomberg Commodity Index data, on Tuesday (August 18), CBOT wheat futures fell 1.78% and soybean oil futures declined 1.71%. The Bloomberg Commodity Index dropped 0.55% to 32.2859 points. CBOT corn futures fell 0.36%, soybean futures slipped 0.06%, and soybean meal futures declined 0.19%.

The U.S. Securities and Exchange Commission (SEC) has proposed a new rule establishing a conditional safe harbor that would exempt certain transactions from the definition of "investment contracts" under the Securities Act of 1933 and the Securities Exchange Act of 1934. The measure aims to remove regulatory barriers to responsible capital formation and innovation in the domestic crypto asset market.

On August 18, the Israeli Defense Forces conducted airstrikes in Gaza's Shati district, targeting Hamas commanders, according to multiple military statements. The airstrikes, which hit a port area in Gaza City's western section, resulted in 20 casualties, according to Palestinian health authorities. The Israeli military said the operation targeted a meeting of Hamas's Nukhba unit.

According to Money Today, major South Korean brokerages sold approximately 10 trillion won (about $7.5 billion) in target-conversion wrap accounts during June, marking a surge in demand for the product. The asset management products, which automatically convert high-risk assets such as stocks or ETFs into safer holdings like bonds or money market funds once a target annual return of 5–8% is reached, generated an estimated 20–30 trillion won in revenue for leading brokerages across the first half

According to SpaceX, the company's recovery team successfully guided the Starship upper stage from Flight 13 to waters near Christmas Island off Australia's coast on Tuesday, approximately 24 days after it soft-landed in the Indian Ocean on July 24. SpaceX engineers are en route to conduct further analysis before attempting to return the intact vehicle to Starbase in Texas. The recovery effort supports SpaceX's goal of advancing full reusability and accelerating development through hardware insp

According to ChainCatcher, a Bitcoin wallet created on August 10, 2012, transferred 212 BTC worth $13.72 million after remaining dormant for 14 years. The wallet, which originally held these coins when Bitcoin traded at $11.07 per unit for a total value of $2,346, now represents a 584,725% gain based on the transfer price of $64,761 per BTC. The 212 BTC were moved from a legacy P2PKH address to an unmarked Bech32 wallet in multiple transactions. The wallet owner's identity remains unknown.

According to Reuters Monday, Trump-backed crypto firm World Liberty Financial is collaborating with Hong Kong-based WorldClaw to expand use of World Liberty's USD1 stablecoin, which WorldClaw accepts as payment for AI model access. WorldClaw offers 43 of its 90 AI models from Chinese developers, including Alibaba, Baidu, Z.ai, DeepSeek, and Moonshot. The U.S. government has flagged these firms over national security concerns: Z.ai was added to the Commerce Department's Entity List in January 202

According to Bloomberg, the U.S. deliberately weakened expectations about reaching a trade agreement with Canada on Tuesday, according to sources familiar with the matter.

According to France Info, French Agriculture Minister Annie Genevard stated this year that major retailers are revising size standards for fruits and vegetables due to smaller yields caused by water scarcity. The retailers are also reconsidering the prices paid to producers to support the country's agricultural system.

According to Jin10, Iran's Supreme National Security Council Secretary Reza'i stated on August 19 that the U.S. is unable to reopen the Strait of Hormuz, exposing a gap between Washington's claims of control and actual capability. Reza'i wrote: "The distance between America's inability to reopen the strait and its claims of control is greater than the 7,000 miles between Washington and Hormuz itself." The comments followed U.S. President Trump posting an image of a map labeling the Strait of Hor