Gate Crypto Flash News and Market Updates

Bybit has launched a USDC ecosystem incentive program with a total reward pool of 100,000 USDC, effective from today through August 22. During the activity period, users trading designated USDC trading pairs are eligible to participate in reward distribution.

According to Hong Kong stock exchange data, on August 7, GIC Private Limited divested 2.7 million shares of Dafu CNC (03200) at HK$109.4849 per share, totaling approximately HK$29.56 million. Following the reduction, GIC held 6.8124 million shares, representing an 11.74% stake in the company.

According to Hong Kong Stock Exchange data, Morgan Stanley reduced its stake in Naxin Micro (02676) by approximately 15,687 shares at HK$136.21 per share on August 6, generating total proceeds of approximately HK$2.137 million. Following the reduction, Morgan Stanley held approximately 1.1969 million shares, representing a 5.95% stake in the company.

According to Hong Kong stock exchange data, ESR Asset Management (Fortune) Limited reduced its stake in Fortune Retail Trust (00778) by 3.024 million shares on August 7-11, at an average price of approximately HK$4.68 per share, for a total value of approximately HK$14.16 million.

According to Hong Kong Exchanges and Clearing data, on August 5, Eastmount Global Limited sold 27.8586 million shares of Amway International (ticker: 01094) at HK$0.4 per share, for a total of approximately HK$11.14 million. Following the transaction, Eastmount Global Limited held approximately 201 million shares, representing a 34% stake in the company.

According to Hong Kong Exchanges data, on August 7, Morgan Stanley increased its stake in Skywater Technology (2631) by 469,600 shares at 69.8431 HKD per share, totaling approximately 32.8 million HKD. Following the increase, Morgan Stanley's holding rose to approximately 6.66% of the company.

Iranian Revolutionary Guard Corps (IRGC) commander Nagdi stated recently that Iran produces more missiles daily than it fires. Nagdi emphasized that even if the conflict continues for years, Iranian rockets will continue to be launched until the final day.

Wall Street analysts raised their price targets for Super Micro Computer (SMCI) on Wednesday, August 12, following the company's latest earnings report, sending shares up as much as 10% in pre-market trade. However, multiple firms flagged concerns about the durability of current margins. Bank of America (BofA) raised its price target to $33 from $28 while maintaining an 'Underperform' rating, stating that while revenue growth is "strong," current margins are "not sustainable." Goldman lifted its

According to Zhi Tong Cai Jing, K W NELSON GP (08411) reported H1 2026 results as of June 30, turning profitable with HK$2.44M net income attributable to shareholders, up from a loss a year prior. Revenue reached HK$20.48M, up 66.97% year-over-year, driven by increased office property and medical center project income. The company declared interim dividend of 0.3 Hong Kong cents per share.

According to Jin10, emerging market stocks rallied today (August 12) as Asian chip stocks led gains, with the MSCI Emerging Markets Index rising 1.1%. Samsung Electronics, SK Hynix, and TSMC contributed the most to the advance. The emerging market currency index rose 0.1% as the U.S. dollar weakened against major currencies. South African rand and Hungarian forint outperformed, while the Indonesian rupiah and South Korean won lagged.

According to Maeil Business, Kolmar Korea reported record-high second-quarter operating profit of 110.3 billion Korean won (up 50.2%) on August 12, with consolidated revenue reaching 861.3 billion won (up 17.9% year-over-year). The earnings beat market consensus by approximately 16%. The company cited increased orders for skincare and suncare products driven by indie brand global expansion and new product launches from global customers. K-beauty export momentum is propelling the entire supply ch

According to ChainCatcher, web3 data platform RootData recently launched its tokenized assets beta feature. The platform aggregates real-time trading data from Binance, OKX, Gate, Bitget, Hyperliquid, and Bybit, tracking over 8,000 tokenized stocks. Users can view 24-hour trading volumes, liquidity depth, open interest, and active asset counts across platforms, as well as compare prices, spreads, and on-chain metrics for individual tokenized stocks on different exchanges.

According to the Swiss government, the country's defense fund may borrow up to 6 billion Swiss francs to strengthen military capabilities.

According to Lookonchain, Metaplanet and Hut8 withdrew a combined 1,966 BTC (approximately $125 million) from exchanges on August 12. Metaplanet transferred 1,473 BTC ($93.82 million), followed hours later by Hut8's 493 BTC ($31.36 million) withdrawal. Moving bitcoin off exchanges is typically viewed as a bullish supply signal among large holders.

The Swiss government announced today the need for additional 24 billion Swiss francs (CHF) to be allocated toward military expenditures.

According to Jin10, the Chinese Navy frigate Honghe and Indonesia's KRI Lae completed a joint maritime navigation exercise east of Taiwan on August 12 morning. The two vessels conducted practical drills covering maritime communication, formation movement, sea replenishment, and separation procedures. Both navies coordinated effectively using tactical signal codes and signal flags, successfully executing all planned objectives. The exercise demonstrated the commitment of China and Indonesia to pr

Michael Saylor published a Bitcoin credit model on August 12 that measures the Bitcoin collateral behind MicroStrategy's obligations to bondholders and preferred shareholders. Strategy held 843,775 BTC at the close of the second quarter, against $6.71 billion in convertible notes and preferred stock series. The model tests these instruments against a 10% annual Bitcoin return reference case, assigning each a credit tier, rating, and floor price. Saylor color-codes the output by tier—investment g

According to Zhitong Finance, MI Energy (01555) posted total revenue of 383 million yuan for the six months ended June 30, 2026, up 4.7% year-over-year, with a net loss of 144 million yuan, representing a 2.4% narrowing compared to the prior-year period. The group's average realized oil price increased 16.8% to $81.34 per barrel from $69.63 per barrel in H1 2025, though crude oil net sales volume declined 6.8% to 68 million barrels from 73 million barrels, partly offsetting revenue gains from hi

According to Hong Kong Stock Exchange data, on August 6, Hengrui Group (03638) chairman Zhang Lieyun increased holdings by 60,000 shares at approximately HK$7.48 per share, for a total of approximately HK$449,000. Following the transaction, his total shareholding reached 43.463 million shares, representing 56.48% ownership.

According to Korean media, Samsung Electronics' System LSI division began deploying Anthropic's Claude Code to developers in May 2026. Within approximately three months, the AI has delivered notable results: a custom SoC feature verification project originally estimated to take over one month was completed in two days; an engineer with two years of tenure completed a USB model development task in one day, compared to the typical one month duration.