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
04:57

KOSPI-Listed Companies' Operating Profit Surges 258% in H1 2026; Up 76% Excluding Samsung Electronics and SK Hynix

According to the Korea Exchange and Korea Listed Companies Association announced on August 19, operating profit of KOSPI-listed companies surged 258% in the first half of 2026, driven by rising semiconductor prices. Excluding Samsung Electronics and SK Hynix, operating profit still increased 76% year-over-year, reflecting broad-based earnings improvements across the market. Revenue, operating profit, and net income all grew significantly compared to the same period last year.
04:57

Iran's Foreign Minister Says Countries Without U.S. Military Bases Are Safer

According to Jin10, Iran's Foreign Minister Alagchi stated on August 18 that countries without U.S. military bases are safer. In an interview, Alagchi said the presence of U.S. military forces and bases does not guarantee regional security but instead undermines it. He added that Iran seeks to end the conflict entirely rather than pursue temporary ceasefires, avoiding cycles of brief truces followed by renewed conflict.
04:55

Xiaomi Q2 Revenue Hits $16.2B, Up 9.9% QoQ as EV Deliveries Reach 104K

According to Xiaomi on August 19, the company's second-quarter 2026 revenue rose 9.9% quarter on quarter to 108.9 billion yuan ($16.2 billion). Adjusted net profit increased 2.4% to 6.2 billion yuan ($920 million). Smartphone shipments remained in the global top three for a 24th consecutive quarter, per Omdia data. Xiaomi delivered 104,199 electric vehicles in the quarter with a 19.2% gross margin in its EV, AI, and other new initiatives segment. Research and development spending rose 18.9% year
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04:53

Etched Faces Technical Scrutiny After $700M Raise; LVI Chip Claims Lack Third-Party Verification

According to Beating AI, Etched, which just raised $700 million at a $21 billion valuation, faces technical scrutiny over its LVI chip claims. George Hotz's team behind tinygrad has publicly questioned whether the company's core selling point—running AI inference at lower voltage to achieve 80% theoretical peak throughput on trillion-parameter sparse MoE models—truly translates to superior absolute performance. Chip designer Wesley Yue noted that a higher model utilization rate (MFU) doesn't nec
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04:52

High-Priced HBM Chips Risk Accelerating Their Own Replacement, Warn Analysts Wood and Thompson

According to investment analysts Cathie Wood and Ben Thompson, the surging prices of HBM (High Bandwidth Memory) chips—rising 3 to 10 times their previous levels—are paradoxically triggering the very forces that will displace them. Wood, speaking in a recent podcast, cited her experience with cyclical industries to warn that such extreme price movements create incentives for engineering workarounds, similar to how Tesla removed cobalt from batteries. Thompson drew a sharper parallel, comparing m
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04:51

Hafnia Shipping Reports H1 2026 Net Profit $677M, Up 7.39% YoY; Mid-Year Dividend HK$1.50/Share

According to Hafnia Shipping Holdings Limited (01308), the company reported interim results for the six months ended June 30, 2026, with revenue of approximately $1.842 billion, up 10.7% year-over-year, and net profit attributable to shareholders of $677 million, up 7.39% year-over-year. Basic earnings per share reached $0.25, with an interim dividend of HK$1.50 per share proposed. The revenue increase was driven by a 7.8% rise in container volume to 1.972 million twenty-foot equivalent units (T
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04:51

Bitauto (02889) Wins Qualcomm 8397 Platform Designation from Major OEM

According to its official announcement today (August 19), Bitauto (02889) was selected as the supplier for the next-generation 8397 in-cabin platform by a leading OEM electric vehicle manufacturer. The win follows the company's prior selection for the Qualcomm 8295 platform on the same OEM's previous model generation. The 8397 platform is Qualcomm's fifth-generation in-cabin computing platform, designed to support advanced features including multimodal perception and on-device large language mod
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04:49

Billionaire Cooperman Warns of 2026 U.S. Recession as Brent Crude Hits $89, Retail Sales Fall 0.6%

According to Business Insider citing a CNBC interview, billionaire investor Leon Cooperman warned on August 18 that the U.S. economy may face a recession as early as late 2026. Cooperman, CEO of Omega Advisors, drew parallels to the 1970s "Nifty Fifty" bubble, cautioning that markets are underestimating risks from rising oil prices and inflation. Brent crude was trading near $89 per barrel, approximately 22% higher than before the Iran war began, while U.S. retail sales declined 0.6% in July aga
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04:47

HSBC Predicts Japan's Central Bank May Raise Rates in September to Support Yen

According to Jin10, HSBC's Asia foreign exchange research head Joey Chew stated on August 19 that Japan's central bank has an opportunity to support the yen through hawkish rate hikes at its September meeting as the yen weakens again. The market currently expects the Bank of Japan to cumulatively raise rates by 80 basis points over the next 12 months, lifting rates to 1.8%. HSBC's economics team now forecasts two additional rate hikes in September and Q1 2027, with final rates reaching 1.5%, rev
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04:44

U.S. 30-Year Treasury Yields Hit 5.3%, Highest Since 2007, as Foreign Buyers Reduce Holdings

According to Yonhapinfomax, today August 19, U.S. 30-year Treasury yields hit 5.3% intraday, marking the highest level since June 2007. The 10-year yield reached 4.76%, the highest since January 2025. Japan, the largest foreign holder of U.S. Treasuries, reduced holdings by $26.4 billion in June, the second consecutive monthly decline, as rising domestic interest rates improve the appeal of Japanese government bonds.
04:42

Riot Platforms Sold 9,665 Bitcoin in H1 2026 to Fund AI Pivot

According to Bitcoin.com News and SEC filings, Riot Platforms sold 9,665 BTC during the first half of 2026, with 4,300 BTC offloaded in Q2 alone, drawing down its treasury to 11,380 BTC as of June 30. The company is using proceeds to fund operations and expansion into data centers and artificial intelligence infrastructure. Riot's most significant move is a 20-year, 191-megawatt lease with Anthropic projected to generate approximately $9.1 billion in revenue through 2048. The bitcoin miner's shi
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04:38

Southeast Asian Banks Accelerate Cross-Border Payments, 11.8M QR Transactions Recorded in 2025

According to reports published today, August 19, Southeast Asian regional central banks are accelerating the deployment of cross-border payment networks, with Project Nexus—involving central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand—positioned as a key benchmark for standardizing connections between domestic systems to enable single access to multiple regional markets. Bank Negara Malaysia reported 11.8 million cross-border QR transactions in the first half of 2025.
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04:37

KOSPI Slides Over 6% on Aug 19, Steady Near 6,500 Amid Selling Pressure

According to Korea Exchange, KOSPI tumbled over 6% in early trading on Aug 19 afternoon but pared losses as selling by foreign investors and institutions continued, with the index trading around the 6,500 level. Retail investors, meanwhile, purchased over 4 trillion Korean won in net inflows, taking advantage of lower prices.
04:36

Yuyu Pharma's Pan-KRAS Inhibitor ABSK211 Receives NMPA IND Approval

According to an announcement by Yuyu Pharma (HKEX: 02256) today (August 19), China's National Medical Products Administration (NMPA) has approved the investigational new drug (IND) application for ABSK211, an oral, potent pan-KRAS inhibitor targeting advanced solid tumors with KRAS mutations. This approval follows the drug's FDA IND clearance on July 8. Yuyu Pharma will initiate an open-label Phase I clinical trial to evaluate ABSK211's safety, tolerability, efficacy, and pharmacokinetics in pat
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04:34

Iran's Parliament Speaker Visits Iraq on August 19 to Strengthen Strategic Cooperation

According to CCTV News, on August 19, Iran's Parliament Speaker Mohammad Baqer Qalibaf led a delegation to Iraq to strengthen bilateral strategic cooperation and dialogue on regional issues. The visit aims to explore joint solutions to help maintain stability and security in West Asia, and to enhance shared security and prosperity between Tehran and Baghdad.
04:33

Hyperliquid Core Contributor Xulian Solicits Feedback on HIP-4 Testnet Templates; 16 Records Cover 7 Market Structures

According to ChainCatcher, Hyperliquid core contributor Xulian has publicly solicited feedback on HIP-4 testnet templates. The testnet currently contains 16 template records, with 12 representing the latest versions across 7 market structures. Candidate types include expiry price (settled via specified period TWAP), touch markets, range yields, central bank decisions, and sports binary/ternary outcomes. After feedback collection, validators will review and vote on-chain; approved templates will
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