Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
07:27

AIPAC's Support Becomes 'Kiss of Death' in U.S. Midterm Primaries, Aug 2

According to Financial Times, on August 2, the American Israel Public Affairs Committee (AIPAC) is intervening in competitive races ahead of the U.S. midterm elections. While AIPAC endorsements historically boosted candidates' chances of winning, the organization's backing now risks becoming a liability, as growing voter backlash threatens to undermine its political influence.
07:25

South Korea's Financial Services Commission Skipped Stress Tests for Single-Stock Leveraged ETFs

According to South Korea's Financial Services Commission, the regulator did not conduct stress tests on individual single-stock leveraged exchange-traded fund products before their launch. The commission only submitted internal review documents addressing volatility erosion and rebalancing risks, without performing direct product testing or commissioning external institutions to assess structural risks.
07:25

Samsung, Hanwha Launch CPU and Memory ETFs on August 4 as AI Inference Demand Grows

According to Siday, Samsung Asset Management and Hanwha Asset Management will list two new ETFs on August 4, marking a shift in semiconductor investment focus from GPUs to CPUs and memory chips amid AI expansion. Samsung's KODEX US CPU Semiconductor TOP10 will concentrate on the top 10 U.S. CPU chip design, manufacturing, and packaging firms, allocating 75% to ARM Holdings, AMD, and Intel. Hanwha's PLUS SK Hynix Sandisk Bond Mixed 50 combines 50% equity exposure to memory semiconductors—SK Hynix
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07:23

Morgan Stanley Downgrades Apple Price Target to $360 Citing Supply Constraints

According to Morgan Stanley on August 2, the firm downgraded its Apple price target from $364 to $360, citing supply constraints, margin pressures from rising memory costs, and slower services growth. The analyst maintained an Overweight rating while noting that product demand remains strong but supply shortages are limiting near-term growth. Morgan Stanley expects margin headwinds to persist through 2027, partially offset by anticipated iPhone price increases and foldable iPhone launch later th
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07:22

Crypto Assets with $1B+ Market Cap Decline Despite Overall Market Growth

Gate News message, the number of cryptocurrency assets maintaining a market capitalization above $1 billion has decreased. The "$1B crypto club" reached its peak of 107 assets in November 2021, and approached that level again with 103 assets in March 2024. Currently, fewer assets hold unicorn status, even as the overall cryptocurrency market has expanded.
07:22

LpdFi on BNB Chain Suffers Flash Loan Attack, Loses ~$690,000 on August 3

According to Defimon Alerts, LpdFi on BNB Chain suffered a flash loan attack on August 3, losing approximately $690,000 in USDC. The vulnerability stemmed from the protocol's reliance on spot prices from PancakeSwap LPD/USDC trading pair without TWAP protection. Attackers exploited this by manipulating reserve ratios through flash-borrowed USDC, inflating accrued interest claims and extracting roughly $693,000 by burning the protocol's LP position in a single transaction.
USDC0.01%
07:22

Iran Plans Temporary Security Corridor in Strait of Hormuz with Oman on August 3

According to Iran's Foreign Ministry spokesperson Baghei, on August 3, Iran is not currently in dialogue with the United States but is engaged in discussions with Oman regarding the Strait of Hormuz. Iran and Oman are planning to cooperate in establishing a temporary security passage through the strategic waterway.
07:22

XRP Ledger Releases xrpld v3.2.1 Hotfix for Validator Manifest Flooding on July 31

According to the xrpld v3.2.1 release notes, XRP Ledger operators have been urged to upgrade after a hotfix was released on July 31, 2026, to address validator manifest flooding that caused high memory and bandwidth usage on affected nodes. The issue did not disrupt consensus or transaction processing but placed resource pressure on individual nodes. Operators are advised to upgrade and perform a double restart.
XRP-1.32%
07:19

All 24 KOSDAQ ETFs Post Losses as Index Plunges 21.44% in July

According to the Korea Exchange, all 24 KOSDAQ-listed ETFs (excluding leveraged and inverse products) recorded negative returns in July, with the benchmark plunging 21.44% during the month. Passive ETFs tracking the KOSDAQ 150 index fell around 27%, while actively managed ETFs suffered steeper losses ranging from 30% to 36%, underperforming their passive counterparts by an average of 9 percentage points. The wider losses among active ETFs stemmed from concentrated positions in semiconductor mate
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07:16

Standard Chartered Hong Kong Announces Hong Kong Dollar Stablecoin HKDAP in August

According to Hong Kong 01, Standard Chartered Hong Kong announced plans to formally unveil the Hong Kong dollar stablecoin HKDAP in August and sign up distribution partners. Subsidiary Collateral Finance will serve as the stablecoin issuer but will not directly interact with end-users; instead, it will operate through approved distributors to serve corporate and individual clients including SMEs, traders, service providers, fund companies, and individual users. Use cases include cross-border set
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07:14

Musk Tracks DeepSeek on X as DeepSeek-V4-Flash API Launches on August 1

On August 1, Elon Musk quietly followed DeepSeek's official account on X, coinciding with the Chinese AI startup's launch of DeepSeek-V4-Flash API beta version on July 31. When asked about the move, Grok—Musk's AI model—responded candidly that following DeepSeek was a reasonable monitoring strategy. Grok noted that DeepSeek has achieved remarkable efficiency gains, delivering model performance comparable to or exceeding Western standards while using significantly lower computational resources an
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07:14

Global Memory Makers Accumulate $90B Operating Cash Flow Amid AI Server Boom

According to industry data, global major memory manufacturers have accumulated approximately $90 billion in operating cash flow as AI servers drive strong demand for high-bandwidth memory (HBM), advanced DRAM, and NAND flash solutions. Memory prices for DRAM and NAND rose 50–60% year-over-year in recent quarters, benefiting leaders including SK Hynix, Micron, and Samsung Electronics, which control roughly 90% of the global DRAM market. The five largest memory makers saw year-over-year free cash
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07:14

U.S. Officials Urge RISC-V Export Controls as China Shifts to Open-Source Chip Architecture

According to recent reports, U.S. officials are urging that RISC-V, an open-source processor instruction set, be added to export controls to prevent China from bypassing American semiconductor restrictions. A retired U.S. colonel publicly called on House Foreign Affairs Committee Chair to include RISC-V—originally developed at UC Berkeley and freely available to any organization—in export restrictions, citing concerns that the architecture has become a critical workaround for Chinese chip develo
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07:10

Five VLCCs Dock at Saudi Yanbu Port on August 3, Busiest Day in Two Weeks Amid Red Sea Activity Surge

According to Jin10 data, on Saturday August 3, five very large crude carriers (VLCCs) were docked at Yanbu port's oil loading terminals, marking the busiest day for the Red Sea facility in two weeks following Houthi-led disruptions to regional shipping. The activity was confirmed by satellite imagery from the EU's Sentinel-2 satellite. Yanbu has become a critical export hub for Saudi crude oil via pipeline routes that bypass the Strait of Hormuz.
07:10

Meta Misses Q2 Earnings, Stock Tumbles 9%; Bank of America Sees Overreaction

Meta reported second-quarter earnings per share of $6.18 on July 29, falling short of market expectations of $7.20, causing the stock to plunge nearly 9% to $542 in after-hours trading. Bank of America analyst Justin Post argued the market's reaction was excessive, maintaining a bullish outlook with a target price of $810, implying 38% upside from July 30's close of $585.61. Post cited Meta's valuation discount as a key reason for his optimism; at current levels, the company trades at approximat
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07:02

Musk Backs SpaceX Revenue Growth Claim of $95-104B Within 12-24 Months Ahead of Q2 Earnings on August 4

According to Koyfin consensus, SpaceX's Q2 revenue is expected to reach $6.82 billion with EBITDA of $2.05 billion, as CEO Elon Musk backed claims the company could add $95-104 billion in annual revenue within 12-24 months—equivalent to Tesla's latest annual sales. Shares of SPCX edged 0.4% higher overnight heading into Monday, with the company set to release its first earnings report as a public company after the market close on August 4. The stock has retreated sharply since its IPO, recently
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