Gate Crypto Flash News and Market Updates

According to Barron's on Friday (August 21), Micron's stock has surged 700% over the past year, yet its valuation remains compressed relative to peers. The memory chipmaker trades at a forward price-to-earnings ratio of 6.4x, compared to 20.6x for the Philadelphia Semiconductor Index average, according to FactSet. Micron CEO Sanjay Mehrotra told CNBC that memory is now strategic infrastructure for AI, not a commodity. However, Barron's notes the market may be pricing in commodity-like cyclicalit

According to Guru Club, Iraq requested on August 22 that Iran grant special passage permits for Iraqi oil tankers to transit the Strait of Hormuz. The request was made during Iranian Parliament Speaker Kalibaev's visit to Baghdad, where he met with Iraqi Prime Minister Zayidi, President Amidi, and National Assembly Speaker Hallebi. Iraq has submitted the request through multiple channels previously, and Iran currently permits some Iraqi tankers to pass through the strait.

According to state media citing China National Petroleum Corporation, Horgos compressor station, the entry point of the West-to-East Gas Pipeline Projects II and III, reached a cumulative 600 billion cubic meters of natural gas output today (August 23). Operating as a key hub under the Belt and Road Initiative, the facility serves to deliver Central Asian and Yili coal-to-gas resources to China's central and eastern regions. The station maintains an annual transmission capacity of 60 billion cub

According to Bloomberg, on August 21, Apple is restructuring its artificial intelligence and product divisions, cutting over 200 positions across Siri, Vision Pro, and software engineering teams. The layoffs affect approximately 100 employees in the Vision Pro department and another 100 in Siri and software teams. The company is closing its Vision Pro game development team and reducing immersive video content production. Apple is redirecting resources toward a new AI-powered Siri and smart glass

On August 23, KT announced an AI Full-Stack strategy spanning semiconductors, platforms, and cloud infrastructure to support South Korea's government-led 'AI for All' initiative, according to Yonhap Infomax. The telecommunications company formed a consortium to connect domestic AI firms' capabilities in infrastructure, models, and platforms for public services. Rebellion will provide domestic NPU chips, while other participants including Upstage, NC AI, and Saltlux contribute AI models and platf

According to KB Securities, the U.S. Treasury Department announced on August 23 it would more than double the size of long-term bond buybacks, expanding purchases to at least $4 billion per session from the previous $2 billion cap, effective from September 9 through November 4. The move comes after the 10-year Treasury yield surged to 4.75%, triggering heightened market instability. KB Securities noted the buyback expansion represents a temporary measure rather than a structural solution, as sho

According to Lookonchain, 13 hours ago on August 23, a whale transferred 2,555 BTC to Binance, valued at approximately $197 million.

According to The Kobeissi Letter, South Korea's semiconductor exports surged 198.8% year-over-year in the first 20 days of August, driven by AI demand. The country's chip trade surplus reached a record $35 billion in June, more than triple the prior year, while overall exports grew 61.5% in August and 62.9% in July. Computer-related products exports also rose 242.1% year-over-year over the same period.

According to Lookonchain monitoring, Trump's team transferred 2.62 million TRUMP tokens to OKX an hour ago, valued at approximately $6.21 million.

According to BlockBeats citing HTX data, FOLD surged over 67% today (August 23) following its listing on Upbit, trading at 0.149 USD. The token is now available on Upbit with trading pairs in KRW, BTC, and USDT.

According to F&Guide, South Korea's stock market entered a downtrend in the second half of 2026, prompting brokerage firms to issue downward target price revisions. Samsung Electronics and SK Hynix, the two largest stocks by market cap, show significant divergence among analysts, with the highest price target reaching twice the lowest estimate, reflecting heightened uncertainty among investors.

According to Herald Economy, SK Hynix faces stock split discussions as its share price reaches 1.73 million won, approaching its historic high of 2.98 million won. SK Group Chairman Chey Tae-won stated the company would "naturally consider" a stock split if requested. The move mirrors Samsung Electronics' May 2018 strategy, when it conducted a 50-to-1 stock split, lowering share prices from 2.5 million won to 50,000 won and boosting first-day trading volume by over 100 times. SK Hynix's U.S.-lis

According to Upbit's official announcement, the exchange will list FOLD trading pairs against South Korean won (KRW), Bitcoin (BTC), and Tether (USDT) on August 23.

According to Onchain Lens, Wintermute holds $146.19M in short positions on Hyperliquid as of August 23, with only $13.85M in long positions. The combined position totals $160.03M in open interest and is currently showing unrealized losses of $3.66M, though the trader has earned $2.14M in funding fees.

According to CoinDesk, BitMart is considering a restructuring combining creditor distributions with a phased restart of operations, less than four weeks after announcing its closure. The exchange has appointed White & Case as restructuring counsel and expects to share a roadmap by September 9. This marks a shift from BitMart's July 26 closure notice, which set August 26 as the trading end date and January 31, 2027, for full platform operations shutdown.

According to Dailian, on August 22, Coinone launched a two-tier branded experience booth as a major sponsor of Waterbomb 2026 music festival in Sokcho, South Korea. The activation featured interactive games, including a water gun shooting game and coin gacha machine offering Bitcoin vouchers worth up to 1 million won. Ahead of the event, Coinone's July new user registrations surged 30% month-over-month, while referral-based new signups jumped approximately 50%.

According to BlockBeats and GMGN data, Solana-based meme coin CATE reached a market cap of $80.26 million on August 23, surging 48% in the past 24 hours.

SK Hynix announced a significant shareholder return program this month, spearheading a broader wave of dividend initiatives among South Korean listed companies. Samsung Electronics is widely expected to unveil its own shareholder return plan, including special dividends, later this month, with Samsung-affiliated subsidiaries gaining in stock trading.

According to Alternative data, the Crypto Fear and Greed Index dropped to 66 on August 23 (down from 71 the previous day), with market sentiment remaining in the "greedy" zone on the 0-100 scale.

According to Chile's Foreign Ministry, the country will close its embassy in Iran on August 31. The ministry clarified that this decision does not mean severing diplomatic relations between the two countries, noting the measure is precautionary amid security concerns in the Middle East region.