Gate Crypto Flash News and Market Updates

According to Semafor, Phillips 66 and Marathon Petroleum's merger negotiations broke down recently.

According to Odaily, Texas Governor Greg Abbott announced that Galaxy Digital, Compass Datacenters, and Montera Infrastructure have committed to comply with new standards and regulatory requirements for data center operations in Texas. Under the new guidelines, data center operators must cover their own power infrastructure costs rather than shifting expenses to residents and businesses, implement water recycling systems, reduce overall electricity costs, minimize community disruptions, and redu

Peru's Economy Minister announced on August 14 that fuel subsidies will begin on Saturday, applicable to specific regions and types of drivers. The policy aims to support targeted beneficiaries through localized assistance.

According to The Block, StablecoinX (USDE) shares jumped more than 12% in early trading on Friday after the newly public company reported its first quarterly results as a public entity. The Ethena-focused treasury company revealed it held roughly 3 billion ENA tokens, representing approximately 20% of the total ENA supply and valued at more than $250 million at current prices.

According to financial industry sources, SK Hynix is preparing to pursue a Nasdaq listing for its U.S. subsidiary Solidigm on August 15, concurrent with restructuring the entity to focus on AI operations. The company plans a pre-IPO funding round valued at 5 to 10 trillion won (approximately $3.8-7.7 billion), with Solidigm's NAND and SSD businesses to be transferred to a new subsidiary. Market analysts estimate the partial equity sale could help secure approximately $15 billion in U.S. investme

According to ChainCatcher, Malaysian stablecoin firm BLOX announced the completion of a $1 million seed funding round led by Kivo Technology, the tech investment arm of a Singapore-based venture capital fund. The funds will support the development of MYRC, a stablecoin backed by the Malaysian ringgit. BLOX has participated in blockchain payment proof-of-concept initiatives in Malaysia, exploring localized blockchain-based payment use cases through MYRC.

According to Beating, Qwen released Qwen3.8-27B weights today, a 27B dense model supporting image and video understanding with a context window of 262,144 tokens, extendable to approximately 1 million tokens. Unsloth has added quantization support, enabling the model to run on approximately 17GB of RAM or VRAM—making it feasible to deploy on consumer-grade 24GB graphics cards or high-memory Macs. This opens local deployment options for individual developers that were not available with the earli

Alibaba released Qwen3.8-27B, a 27-billion parameter open-source model, on August 14. The native multimodal dense model surpasses Qwen3.7-Plus in performance and excels in programming and office scenarios. According to Alibaba, Qwen3.8-27B features fast response times, high-quality outputs, and runs smoothly on consumer-grade GPUs after quantization. The model is released under the Apache 2.0 license and is positioned as the primary local deployment solution. Cumulatively, Alibaba has open-sourc

According to The Fact this week, Lotte Rental, South Korea's leading car rental operator by market share, has been acquired by U.S. private equity firm TPG (Texas Pacific Land). The transaction also includes Lotte Hotels selling a 61.17% stake in Busan Lotte Hotel. Market analysts view the acquisition as a strategic step toward strengthening Lotte Rental's competitive position and reassessing its enterprise value.

According to CNBC, Disney CEO Josh D'Amaro will sit down for a live interview with CNBC's Julia Boorstin on Friday from the company's annual D23 expo. D'Amaro, who took the helm in March, will discuss Disney's theme parks and streaming divisions during one of his first major interviews as CEO.

According to Kwality Holdings and Waste2Wear, the South African sourcing specialist partnered with the global manufacturer to introduce blockchain-traced recycled products to the market from mid-2026. The offering includes shopping bags, uniforms, workwear and accessories, each with a customer-accessible QR code linking to verified data on material origin, processing and environmental impact. The system is designed to address greenwashing concerns by enabling independent verification of recycled

According to Zhitong Finance, on August 14, China National Building Material Company Limited (03323) and its affiliate China High-Tech Materials agreed to raise capital for the affiliate at 10.07 yuan per share through cash or equity contribution. The total financing amount is approximately 98.34 million yuan. After the capital increase, China High-Tech Materials' registered capital will increase from approximately 503 million yuan to approximately 601 million yuan, and the company will remain a

According to Yonhap News, SK Group Chairman Chey Tae-won filed an appeal on August 14 against a 944 billion won (approximately $730 million) divorce settlement.

According to Smart Finance, Jinchuan International (02362) released its H1 2026 results on August 14, with revenue reaching $460 million, up 152.35% year-over-year. The group's net profit attributable to shareholders surged to $47.816 million, representing a 766.07% increase compared to the same period last year, with earnings per share of $0.0036. Gross profit expanded to $167.5 million from $38.5 million in H1 2025, driven primarily by rising copper prices and increased production capacity fol

According to SEC filings disclosed on August 14, Saudi Arabia's Public Investment Fund holds 154.1 million shares of SpaceX Class A stock, per PANews.

According to Glassnode analysis, Bitcoin's options market shows declining short-term implied volatility, with the one-week at-the-money level dropping to approximately 26%, while six-month volatility remains at about 39%, indicating traders expect lower price swings near-term but maintain hedging for longer-term uncertainty. Negative Gamma exposure is concentrated around $60,000, while positive Gamma clusters near $70,000, creating a critical decision zone. This structure suggests downward price

China's commodity futures market saw gains in the overnight closing session on August 14, with seven key contracts rising over 2%: synthetic rubber, paraxylene, ethylene glycol, PTA, low-sulfur fuel oil, benzene, and styrene. Coke, PET bottle resin, and soybean futures gained over 1% each. Newsprint and iron ore declined slightly.

According to South Korea's customs data released in August, the country imported 12.2 million barrels of crude oil in July, up from 11.3 million barrels in the same period last year.

According to the U.S. Department of Commerce on August 14, U.S. retail sales fell 0.6% month-over-month in July to $763.62 billion (seasonally adjusted), falling short of the expected 0.1% increase. Year-over-year, sales grew 5.0%. Among categories, auto sales declined 1.8% from the previous month, while clothing and accessories surged 1.9%. Non-store retail, including online shopping, dropped 2.2% month-over-month but rose 7.7% annually. Food services gained 0.5% from June and 5.0% year-over-ye

According to a joint advisory from Singapore Police Force and Cyber Security Agency of Singapore, fake recruiters impersonating cryptocurrency company hiring staff have stolen $11.8 million through fraudulent job offers targeting developers on LinkedIn, as disclosed on Friday. The scam typically starts with a recruiter approaching victims via LinkedIn, then moving to spoofed email domains and video interviews on Google Meet. Victims are then directed to download malicious code during a fake tech