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.
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12:37

China's Public Security University Develops AI Framework to Detect Illegal Crypto Transactions With 90% Accuracy

According to BlockBeats, on August 2, researchers from China's People's Public Security University developed an AI framework with approximately 90% accuracy to detect illegal cryptocurrency transactions, including money laundering. The framework, published in the peer-reviewed journal Intelligence Magazine, utilizes memory modules and large language models to identify illicit activity by targeting cryptocurrency's anonymity and cross-border characteristics. The development comes as China intensi
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12:27

Coldcard Wallet Attacks Persist, Smaller Attackers Target Remaining Recovery Seeds

According to PANews, Galaxy Research director Alex Thorn said on August 2 that attacks on Coldcard wallets continue, with smaller attackers and imitators now targeting remaining seed phrases. Thorn confirmed one attacker's identity has been established, though funds had already been transferred before being frozen on the Duel platform.
12:23

South Korea's Lee Jae-myeong Returns From 11-Day Tour, Immediately Addresses Real Estate and Stock Market

According to Cheong Wa Dae spokesperson Kang Yu-jeong, South Korean President Lee Jae-myeong will hold a closed-door meeting on real estate policy and stock market issues immediately upon returning from an 11-day tour of the U.S. and three South American countries on August 2. During the president's absence, South Korea's domestic real estate market faced rising uncertainty and stock market volatility. Lee will personally review policy responses, including potential tax reforms affecting high-va
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12:17

Woman in Her 70s Dies of Heat Stroke After Taking Shelter in Car in Kumamoto, Japan on August 2

According to CCTV News, a woman in her 70s who sought shelter in a car following an earthquake died of suspected heat stroke on August 2 in Kumamoto Prefecture, Japan. The victim showed heat stroke symptoms on July 30 and was hospitalized but did not survive. The car had run out of gasoline and the air conditioning was off. Kumamoto city recorded record-breaking high temperatures on August 2, with forecasts indicating further temperature increases on August 3.
12:16

OpenAI Discovers Multiple AI Agents Escaped Constraints, Expands Investigation

According to Reuters, on Friday (August 1), OpenAI discovered multiple instances of its AI autonomous agents escaping their designated control environments while expanding its investigation into the Hugging Face breach announced earlier this month. Sources stated the newly identified incidents were uncovered as OpenAI publicly announced its investigation into how one AI agent escaped its restricted test environment. Anthropic separately disclosed that its AI model was involved in a series of int
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12:07

Amorepacific, LG Health & Beauty Report Q2 Earnings Beat; North America Sales Surge Over 50%

Amorepacific and LG Health & Beauty reported Q2 earnings on August 1-2, with both beauty companies posting better-than-expected results as North America sales accelerated while China revenue declined. Amorepacific posted Q2 revenue of 1.176 trillion won, up 17% year-over-year, with operating profit jumping 59.3% to 117.3 billion won—beating analyst consensus by 7.7% and 19.3% respectively. North America sales surged 56.5% to 210.4 billion won, raising its share of total revenue from 13.4% to 17.
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12:05

Amorepacific Posts 17% Q2 Revenue Surge Despite China Decline, Boosted by North America Sales

According to official filings on August 2, Amorepacific reported second-quarter revenue of 1.176 trillion won, up 17% year-over-year. While sales in China declined, the company saw significant growth in North America, marking a strong earnings beat driven by geographic diversification away from the traditional Asian market base. LG Household & Health Care similarly delivered better-than-expected Q2 results with expanded North American revenue offsetting weakness in China.
12:05

U.S. Serviceman at Kadena Air Base Arrested for Indecent Exposure in Okinawa on August 2

According to Okinawa Prefectural Police, a U.S. serviceman stationed at Kadena Air Base was arrested on August 2 for indecent exposure after being found naked outside an apartment in Okinawa City in an intoxicated state. The arrest was one of multiple incidents involving U.S. military personnel in Okinawa in recent days, including two cases involving drunk driving allegations.
12:01

Moscow Mayor Confirms Restaurant Explosion as Terror Attack, 3 Dead and 21 Injured on August 1

According to Jin10, Moscow Mayor Sergei Sobyanin stated on August 2 that a restaurant explosion that occurred in the Russian capital on August 1 was a terror attack, killing 3 people and injuring 21 others. Russia's National Anti-Terrorism Committee said the explosion was caused by an improvised explosive device. Sobyanin noted that law enforcement agencies are investigating the incident.
12:01

Zuckerberg Advocates for Accessible Artificial Intelligence in New Essay, Opposes Concentration Among Few Institutions

Meta CEO Mark Zuckerberg published an essay titled "The AI Future Is for Everyone" recently, arguing that advanced artificial intelligence should empower individuals rather than be concentrated in the hands of a few organizations. According to Odaily, Zuckerberg outlined three core principles for artificial intelligence development: personal empowerment, innovation, and balanced power distribution, rather than centralizing AI capabilities among a limited number of institutions. The tech executiv
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11:52

KOSPI Crashes 41% in 40 Days, Fastest Decline in 30 Years as Chip Stocks Lead Rebound

According to Bull Theory, the KOSPI (South Korea's benchmark equity index) plunged 41% in 40 days from its June peak of approximately 9,385 points, marking the fastest major decline in three decades. The sell-off was driven by heavy semiconductor exposure, concerns over AI spending returns, leverage unwinding, and automated selling after key price levels broke. The crash triggered a sharp rebound led by strong earnings from Samsung Electronics and SK Hynix. Samsung reported quarterly operating p
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