Gate Crypto Flash News and Market Updates

According to Financial News, Kakao announced on August 21 a corporate spin-off separating its AI business into an independent company. The announcement triggered immediate market concern, with Kakao stock falling 7.49% to 35,800 won by August 23. Existing Kakao shareholders will receive shares in both Kakao AI and Kakao X (the legacy business) in a 0.36 to 0.64 ratio. Securities analysts noted investor skepticism, citing Kakao AI's lack of concrete revenue models and competitive achievements. Ma

According to financial industry sources, South Korea's National Assembly passed a capital market law amendment on August 23 that changes how merger valuations are determined—shifting from market-based pricing to fair value assessments. Following this approval, policymakers are now set to begin formal discussions on implementing mandatory tender offer (MBO) systems and preferential new share allocation for minority shareholders, marking an acceleration in capital market modernization efforts. The

According to CoinGlass, the crypto derivatives market saw $114 million in liquidations in the past 4 hours on August 23, with long positions accounting for $105 million and short positions for $8.25 million. Bitcoin liquidations totaled $26.49 million while Ethereum liquidations reached $34.98 million.

According to Korean financial sources, Samsung Electronics and SK Hynix announced shareholder return plans allocating over 50% of free cash flow (FCF) to shareholders over three-year periods, with Samsung covering 2024–2026 and SK Hynix targeting 2025–2027. Micron and SanDisk responded by proposing 100% excess cash returns, prompting questions about the competitiveness of Korean chipmakers' policies. Industry observers noted the policies rely on different cash metrics; FCF-based plans offer grea

According to PANews, on August 23, the whale account 'Setting 10 Major Goals' returned to profitability as Bitcoin fell below $76,000. The account holds 1,830.724 BTC short position worth approximately $139 million, with unrealized gains of about $800,000. Concurrently, the account maintains 12,756.739 ETH short position valued at around $30.25 million, facing unrealized losses of approximately $30,000, according to data tracked by Ai 姨.

According to Financial News, South Korean retail investors' daily average settlement for overseas stocks fell to $2.022 billion (approximately 2.807 trillion Korean won) in the first 21 days of August, marking the lowest level this year. The figure represents a sharp decline from June's peak of $3.154 billion, or roughly two-thirds compression in two months. Despite the Nasdaq and S&P 500 reaching record highs on August 21—with the S&P 500 at 7,674.37 and Nasdaq at 26,180.45—Korean investors hav

According to Herald Economic on August 23, AI company Anthropic is planning an IPO with a valuation of up to $2 trillion, the largest on record, surpassing SpaceX's $1.77 trillion valuation. Underwriters have discussed raising over $100 billion, exceeding SpaceX's $85.7 billion IPO proceeds. Anthropic's valuation has surged dramatically; it was valued at $900 billion in private fundraising earlier this year but now faces double that valuation in its public offering. Monthly revenue annualized ex

According to BlockBeats citing TradingBeats monitoring data, on August 23, trading account Maji reduced its Bitcoin long position from 1,225 BTC to 800 BTC, valued at approximately $59 million. The position is currently facing an unrealized loss of $1 million, with an entry price of $77,637.8 per BTC and liquidation price at $69,348.0 per BTC.

According to Blockworks data, Hyperliquid Builder Codes hit a single-day nominal trading volume of approximately $989.4 million on August 21, marking a new all-time high. The volume comprised perpetual contracts at $983.9 million, spot trading at $5.408 million, and result markets at $66,000. On the same day, approximately 39,982 traders participated, and Builder fee revenue reached approximately $781,600, also setting a recent peak.

According to Econovill citing data from the Korea Financial Investment Association, six foreign brokerages—JPMorgan, Goldman Sachs, Merrill Lynch, UBS Securities, Morgan Stanley, and Citigroup Global Markets—posted a combined net profit of 630.5 billion won (approximately $450 million) in South Korean equities in Q2, representing a 213.8% increase year-over-year. Operating profit reached 828.9 billion won, up 220.7% compared to the same period last year.

According to Jin10, U.S. President Trump posted late on August 23 criticizing Canada: "Canada wants to enjoy the benefits of being a U.S. state but doesn't want to actually become a U.S. state! For years, they've also imposed high tariffs on our great farmers. Enough!"

According to iM Securities analyst Park Sang-hyun, the Korean won-dollar exchange rate is expected to fall to 1,350 won as a dollar supply surplus persists through the second half of 2026. As of Aug 20, the rate had already dropped below 1,400 won for the first time since Sept 29, 2025. The analyst attributes the won's strength to multiple factors including Samsung Electronics and SK Hynix shareholder buyback programs, expanded trade surplus—which is projected to reach $360 billion for 2026, com

According to New York Times reporting, Polish crypto exchange Zondacrypto saw its parent company's license revoked by Estonia's Financial Intelligence Unit (FIU) on June 29, 2022. The exchange's founder, Sylwester Suszek, disappeared in March 2022. His successor, attorney Przemyslaw Kral, subsequently went missing four months before the license revocation. The company holds an estimated $330 million in Bitcoin, but the private keys to access these funds were known only to Suszek.

According to Cointelegraph, on May 20, 2026, the European Union Commission launched a targeted consultation to assess whether to include crypto lending—specifically DeFi vaults—under the Markets in Crypto-Assets Regulation (MiCA). Feedback is due by September 30, 2026. MiCA previously excluded crypto lending and certain fully decentralized activities. The primary regulatory challenge is classification. As explained by EU digital assets lawyer Yuriy Brisov, EU law lacks a "vault" category. Vaults

According to Financial News on August 23, Samsung Electronics announced a record shareholder return of 90 to 110 trillion won for 2026, roughly five times the 20.3 trillion won returned in 2020. The company confirmed approximately 30 trillion won in cash dividends for the third and fourth quarters, with detailed dividend amounts to be finalized by end of October. Meanwhile, SK Hynix has already committed to a distinct approach: investing 40 trillion won to repurchase and cancel up to 24.07 milli

According to Hyperbot data cited by Odaily, crypto trader Kevin Huang's 40x leveraged BTC long position on Hyperliquid has expanded its unrealized loss to approximately $1.1415 million, with a current holding of 1,245 BTC valued at around $95.52 million and an average entry price of $77,637.80. Huang's 10x leveraged HYPE long position shows an unrealized loss of approximately $551,300, while his 25x leveraged ETH long position remains in unrealized profit of about $751,300. The combined unrealiz

According to Odaily, Alibaba (09988.HK) announced plans to issue new shares in Hong Kong, with a total offering size of HK$80 billion.

According to CoinDesk, Fairmint CEO Joris Delanoue warned that the boom in tokenized stocks may recreate a digital version of the 1960s paper crisis that once overwhelmed Wall Street's back-office operations. Global tokenized stock market value has grown from less than $500 million in Q1 to approximately $20 billion in recent months. Delanoue noted that fragmented ownership records across exchanges, special purpose vehicles, tokenization wrappers, and proprietary ledgers pose systemic risks, as

According to Coinglass data, on August 23, if Bitcoin drops below $75,000, cumulative long position liquidations on major centralized exchanges could reach $1.085 billion. Conversely, if BTC breaks above $78,000, cumulative short position liquidations could total $609 million.

According to Financial Times and Kpler data, India's imports of Russian crude oil reached historic highs in June and July, with daily purchases exceeding 2.6 million barrels—more than 50% of the country's total crude imports. This marks a sharp increase from February's low of 1 million barrels per day. Kpler's chief analyst Sumit Ritolia attributed the surge to the Gulf conflict straining global oil supplies and Washington's approval of sanctions waivers allowing Indian purchases of Russian crud