Gate Crypto Flash News and Market Updates

According to SpaceX's earnings call on Tuesday after-hours, T, VZ, and TMUS stock each dropped over 2% in extended trading following the company's announcement of plans to build ground-based infrastructure for a complete wireless service offering, directly competing with the U.S. telecom giants. SpaceX President and Chief Operating Officer Gwynne Shotwell stated the company intends to combine Starlink satellite coverage with newly built cell towers and terrestrial hardware, saying, "I anticipate

According to Iran Foreign Ministry, US and Iranian negotiators made progress on reopening the Hormuz Strait on August 5, with officials signaling potential agreement announcements could come within hours or days. US Secretary of State Rubio stated Washington is making progress with Iran on restoring Hormuz Strait passage and hopes an agreement will be reached quickly. Shipping through the strait remains at risk. An Indian vessel sank after being hit by unmanned boats near Yemen's Hodeidah, and G

According to Axios, on Tuesday (August 5), U.S. Defense Secretary Hegseth and multiple deputy secretaries presented a military budget expansion plan to Senate Republicans during a closed-door briefing. Officials cited the need to replenish weapons stockpiles depleted by conflicts in Iran and Ukraine, and emphasized the necessity of investing in artificial intelligence capabilities.

Palantir reported record second-quarter revenue of $1.935 billion, up 93% year-over-year, with U.S. business accounting for over 81% of total sales. The company posted its first GAAP net profit exceeding $1 billion at $1.062 billion, while adjusted free cash flow reached $1.22 billion with a 63% profit margin. Palantir raised its full-year 2026 revenue guidance to $8.15–$8.158 billion, representing 82% year-over-year growth at the midpoint. The company also increased adjusted operating profit gu

According to BlockBeats, during SpaceX's first earnings call on August 5, CEO Elon Musk announced the company will release Grok 4.6 next week, followed by Grok 4.7 within weeks. Musk stated SpaceX will integrate its entire historical dataset into Grok's training, saying: "We will be putting our entire dataset—basically all data SpaceX has ever generated—into Grok's training."

According to SpaceX's Q2 2026 earnings call on Tuesday (August 3), the company announced an exclusive partnership with Nvidia and accelerated its $1 trillion annual revenue target from 2031 to 2030, with CEO Elon Musk noting a non-zero chance of hitting the milestone as early as 2029. SpaceX will build all AI infrastructure exclusively on Nvidia's Vera Rubin architecture and will design the Starmind AI1 satellite compute payload alongside Nvidia, with satellites planned to launch next year equip

According to Bank of America and KB Securities, major hyperscalers including Google, Microsoft, Amazon, and Meta are forecast to increase capital expenditure (CAPEX) by 80% to $860 billion in 2026, with projections rising to $1.2 trillion by 2027. Memory and AI chip fulfillment rates currently stand at only 60%, with unmet demand expected to accumulate through at least 2029, according to KB Securities analysis on August 5. Amazon raised its 2026 CAPEX guidance to $220 billion from $200 billion t

According to Financial News, at least six Wall Street investment banks initiated coverage of SK Hynix American Depositary Receipts (ADRs) on August 4, with all recommending buy or overweight ratings. The most bullish target price came from Rosenblatt Securities, setting a $320 target, representing a 124% upside from the previous close of $142.72. Bank of America cited AI memory super-cycle demand and SK Hynix's leading position in high-bandwidth memory (HBM) as key drivers. UBS set a $204 target

According to Seoul Bond Market data reported by Yonhapinfomax, South Korea's 10-year government bond futures rose 45 ticks to 106.41 in overnight trading on August 5, while 3-year futures climbed 11 ticks to 103.44. U.S. Treasury yields fell sharply, with the 10-year yield down 6.40 basis points and the 30-year down 5.80 basis points. The gains came as WTI crude oil plummeted 5.69 percent to $75.77 per barrel, marking the second consecutive day of losses above 5 percent and the first close below

According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,429.60 won on Aug 5 at 6 AM KST, declining 2.90 won from the previous Seoul close, after U.S. Treasury Secretary Scott Bessent noted excessive volatility in the Korean won. Bessent stated that excessive volatility has been observed in the Korean currency and emphasized that the U.S. will take all necessary measures to support the yen.

According to its earnings announcement on August 4, Coupang Inc reported Q2 revenue of $8.856 billion, up 4% year-over-year (10% on a fixed-rate basis), marking an all-time high. However, the company posted an operating loss of $556 million in Q2, a swing from a $149 million profit in the prior-year period, primarily due to personal data breach penalties reflected in selling and administrative expenses. Chairman Kim Beom-suk stated that most customer spending impacted by the data breach has reco

According to Haseeb Qureshi of Dragonfly, Coldcard fixed a seed generation flaw on July 31 after AI models discovered it in approximately 8 minutes. The vulnerability caused some devices to generate seeds using a deterministic software generator instead of the intended hardware randomness source. Qureshi estimated the AI audit cost at roughly $2, stating that such an inexpensive security check should have been conducted before release. He urged crypto companies to run AI security reviews before

According to BlockBeats, on Tuesday, August 5, the S&P 500 and Dow Jones Industrial Average rose 1.73% and 1.7% respectively, setting record highs. The Nasdaq Composite gained 2.59%. Semiconductor stocks led the advance, with SK Hynix up 8%, Micron Technology up 7.6%, and SanDisk up 10.8%. Nvidia gained over 2%, while SpaceX surged 9.4%.

According to Wall Street Breakfast, as U.S.-Iran tensions ease following diplomatic signals from Qatar and the U.S., oil prices declined sharply today (August 4). Meanwhile, the Standard & Poor's 500 and Dow Jones indices hit record highs, with the semiconductor index surging 6%. Iran reported "positive progress" in negotiations with Oman regarding the Strait of Hormuz, signaling reduced closure risks in the critical shipping corridor.

South Korean crypto exchanges recorded significant intraday volatility between August 4 at 9 a.m. and August 5 at 8 a.m. CYS (Cysic) led gainers with a 92.44% surge to 764 won on Bithumb, while HOME (DeFi App) jumped 44.11% to 13.1 won on Upbit. BICO (Biconomy) rose 37.23% to 32.66 won, and SKYAI gained 30.18% to 75.05 won on Coinone. Among decliners, ZRC (Zircuit) fell 22.19% to 1.252 won on Bithumb, while LDO (Lido DAO) dropped 15.38% to 396 won and QUID (Squid) declined 11.56% to 176 won. ETH

Japan's nominal wage growth in June rose 3.4% year-over-year, matching consensus expectations and up from 3.2% in the previous month, according to official labor statistics.

Japan's overtime pay rate (year-on-year) fell to 2.8% in June from 2.9% in the previous month, marking a 0.1 percentage point decline.

According to Yonhap News, LG U+ posted revenue of 3.895 trillion Korean won and operating profit of 316.9 billion won in the second quarter of 2026, marking year-on-year growth of 1.32% and 4.08% respectively, based on consensus estimates from 12 brokerages. Growth drivers included rising mobile phone revenue following customer gains from last year's SK Telecom security breach, increased data center utilization rates, and a 7% reduction in personnel expenses following voluntary retirement progra

According to NH Investment & Securities analyst Mo Jin-won on August 5, MK Electronics is positioned as a key beneficiary of expanding SoCAMM2 memory adoption in AI servers, driven by surging demand for bonding wire used in high-stack memory packaging. The semiconductor division alone trades at just 5x price-to-earnings ratio despite strong valuation appeal. NH Investment & Securities projects MK Electronics' 2026 operating profit to reach 124 billion Korean won, representing 774.4% year-over-ye

According to Wells Fargo strategist Ohsung Kwon on August 5, companies manufacturing equipment and tools for data centers represent some of the stocks most closely tied to artificial intelligence trends, with spillover effects now benefiting the broader industrial sector. Wells Fargo estimates that manufacturing activity expanded in July at the fastest pace in over four years, while non-AI capital expenditures grew 10% year-over-year. Industrial stocks have climbed 20% this year, trailing only e