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
08:16

Zhipu Launches GLM-5.3 with 50% Programming Capability Boost; Paradigm's PhanRouter Integrates Same-Day

According to Zhipu and Paradigm Group, on August 14, Zhipu's GLM-5.3 was officially released, and Paradigm's PhanRouter platform completed integration on the same day, becoming one of the first platforms to support GLM-5.3 calls. The new model, maintaining a 743 billion parameter scale, enhanced programming, terminal operation, and long-context agent task capabilities through reinforcement learning during post-training, with programming ability improved by 50% compared to GLM-5.2. Paradigm's Pha
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08:13

Suspected SIREN Manipulator Transfers 1.324B XPIN to Binance, Token Drops 29% in 2 Hours

According to BlockBeats, citing EmberCN monitoring data, an address suspected of manipulating XPIN—and previously responsible for crashing SIREN by 96% in June—transferred 1.324 billion XPIN (approximately $1.71 million) to Binance Alpha on August 17. Following the transfer, XPIN price fell from $0.0017 to $0.0012, a decline of roughly 29% within two hours.
XPIN-22.23%
08:13

JPMorgan Chase Nears $1 Trillion Market Cap at $965B, Last Friday; Wells Fargo Raises Target to $390

According to Wells Fargo, JPMorgan Chase's market cap reached $965 billion last Friday, positioning the bank just 3.6% away from the $1 trillion milestone. The stock surged 21% over the past three months, driven by strong trading and investment banking activity. Wells Fargo raised its price target to $390, implying 7% upside from Friday's close, and forecasts JPMorgan could become the first bank to surpass the $1 trillion valuation threshold. The bullish case is supported by the bank's second-qu
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08:13

Alibaba Sells Gaming Unit Lingxi Games to Trustar Capital for $1.5 Billion, Pivots to AI

According to multiple reports, Alibaba confirmed on Monday (August 17) that it is selling its gaming business unit Lingxi Games to Asian private equity firm Trustar Capital in a deal valued at approximately $1.5 billion. The sale marks the e-commerce giant's strategic pivot away from non-core assets as it accelerates its transformation into artificial intelligence and cloud computing under CEO Eddie Wu's leadership, with the company setting a target of $100 billion in AI revenue within five year
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08:12

Trader Turns $9,700 into $282K by Copying CZ's Marscoin Burn on August 16

According to Lookonchain onchain data, a trader turned $9,700 into $282,000, a 29x return, by copying Binance founder CZ's wallet activity on August 16. The trader spent 16 BNB (approximately $9,645) to buy 84.61 million Marscoin tokens within seconds of CZ burning 4,444 Marscoin from his public address. Using a "2x and take out initial investment" strategy, the trader sold half the position for 16.4 BNB to recover the original stake, then sold the remaining 42.3 million tokens for 465 BNB (abou
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GIGGLE4.66%
08:12

Bitcoin ETFs See $390M Outflows in Week to August 14 as Oil Prices, Hormuz Tensions Rise

Spot Bitcoin ETFs experienced $390 million in outflows during the week ending August 14, the largest single-week pullback since early July, as rising oil prices and tensions over the Strait of Hormuz raised inflation concerns. Brent crude climbed above $88 a barrel in the week to August 15 after the U.S. maintained its naval blockade of Iran amid deadlocked negotiations to reopen the chokepoint. Despite the outflows, Bitcoin held near $63,500, indicating controlled de-risking rather than panic s
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BTC0.72%
08:11

October Rice Field Showcases Grain Products at Hong Kong Food Festival, 2025 Revenue Hits 6.81 Billion Yuan

According to Zhitong Finance, October Rice Field (09676) exhibited its core grain and corn product series at the 36th Hong Kong Food Festival on August 13, marking the company's first appearance at an international food trade show. The company, through its subsidiary Wuchang Caiqiao Rice Industry, showcased innovative products including corn segments, seven-color brown rice meal balls, and specialty grain products targeting health-conscious consumers. The exhibition attracted significant interes
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08:07

China Releases 15th Five-Year Oil and Gas Plan, Prioritizes Deep-Sea and Unconventional Development on August 17

On August 17, China's National Development and Reform Commission and National Energy Bureau released the "15th Five-Year Plan for Oil and Gas Development," which emphasizes maintaining investment intensity to support new production capacity. The plan prioritizes accelerating deep and ultra-deep oil and gas development, advancing unconventional oil and gas production, and implementing a marine oil and gas enhancement initiative to reach billion-ton-scale output. It also calls for stabilizing prod
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08:06

China Advances CCUS Scale Production and Underground Energy Storage in Oil and Gas Development Plan

According to the National Development and Reform Commission and National Energy Bureau, on August 17, China issued its oil and gas development plan for the 2026-2030 period, advancing carbon capture, utilization, and storage (CCUS) scale industrialization. The plan also promotes new underground energy storage industry development, utilizing depleted oil and gas reserves, salt caverns, and pipeline infrastructure for compressed air energy storage and similar applications, to support regional ener
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08:02

Chinese University Team EDCCS Advances to SCAN 2026 Finals Among Top 20 Teams

According to a Digital Asset interview, EDCCS, a team of four Chinese university students from different institutions, has qualified for the finals of SCAN 2026, the world's first digital asset tracking competition, scheduled for September 28 in Seoul. The team advanced from a preliminary round that included 416 teams and 754 participants. EDCCS brings a cybersecurity and CTF (Capture The Flag) background to the competition. The team emphasizes rapid adaptation to unfamiliar technical challenges
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08:02

South Korean Individual Investors Switch to Gold Net Buying After 4 Months, Purchase 133 Billion Won Through August 14

According to Korea Exchange, individual investors switched to net buying of gold on the KRX market through August 14, purchasing 133 billion won worth of the precious metal. The shift reverses three consecutive months of net selling from May through July, when investors disposed of 1,250 billion won (May), 3,480 billion won (June), and 510 billion won (July) respectively. The buying activity extends to gold-linked ETFs, with individual investors purchasing 370 billion won of the ACE KRX Gold Spo
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08:02

South Korean Personal Investors Return to Gold Buying, Net Purchase 133 Billion Won in August

According to the Korea Exchange, personal investors net purchased 133 billion won of gold in the KRX spot gold market from August 1-14, marking the first net buying month in four months. The shift reverses three consecutive months of net selling in May (125 billion won), June (348 billion won), and July (51 billion won), totaling 524 billion won in outflows. Analysts attributed the buying momentum to easing Federal Reserve tightening concerns following softer U.S. employment data and consumer in
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08:02

Upside Academy Graduates Advance to SCAN 2026 Finals on September 28

A team of Upside Academy graduates has advanced to the SCAN 2026 finals scheduled for September 28 at Monaco Space in Seoul's Seocho District. The team, composed of fourth-year students and alumni from Ulsan University, Ajou University, Seoul Women's University, and Korea University, is among the top 20 teams selected from 416 global participants in the preliminary rounds. According to the team's interview with Digital Asset (디지털애셋), they developed a lightweight automated fund-tracking agent bas
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08:01

Anchorpoint Clarifies HKDAP Design: On-Chain and Off-Chain Controls Run in Parallel, Cleared by External Experts

Anchorpoint, established by Standard Chartered Bank (Hong Kong), clarified in a recent LinkedIn announcement that HKDAP's on-chain functions operate alongside a comprehensive off-chain governance framework. The company stated that on-chain analysis alone does not reflect the complete control system, which ensures compliance with all applicable regulatory requirements while providing reliable, compliant tools for public blockchain networks. Both on-chain and off-chain control measures have been r
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