Gate Crypto Flash News and Market Updates

According to an Indian Oil Corporation executive, the company's refining capacity expansion will increase its crude oil processing volume to 85 million tonnes in the fiscal year 2027-28.

According to HIVE Executive Chairman Frank Holmes, the company's 2026 fiscal year revenue reached $298 million, up 158% year-over-year. The company's 504 NVIDIA B200 GPUs at its Bell Canada facility in Manitoba generated approximately $2.90 per GPU per hour, compared to $0.12 per hour for HIVE's Bitcoin mining equipment—a 24x difference. The BUZZ HPC division, which handles AI and high-performance computing operations, reported revenue of $19.5 million, up 94% from $10 million in the prior fisca

According to Composio's test monitored by Beating, among 6 AI Agent frameworks running Kimi K3, Claude Code's average task cost reached $1.47, nearly 3.8 times higher than Hermes Agent's $0.39. In task execution speed, Claude Code was the slowest at 347.6 seconds per task, compared to Pi Agent's fastest 161.7 seconds. Across the same model and different frameworks, the success rate varied by at most 4 tasks out of 26, while average costs differed by nearly 4-fold and execution times by over 2-fo

According to BlockBeats, on August 1, Ethereum's historical August performance since 2016 shows 4 up months and 6 down months across 10 instances. The average August return is 6.74%, with a median return of -1.74%. The largest monthly gain occurred in August 2017 at 92.86%, while the biggest decline happened in August 2018 at -34.79%.

According to Ukrainian President Zelenskyy, Russia launched 35 missiles and 186 drones to attack Ukraine overnight (August 1).

According to Coinglass data, the Coinbase Bitcoin premium index has maintained negative premium for 75 consecutive days from May 19 through August 1, with the latest value at -0.0973%. This surpasses the previous record of 40 consecutive days of negative premium recorded from January 16 to February 24, 2026.

According to Yoanta Securities analyst Lee Jae-won, South Korea's Kosdaq market is expected to turn around in August as excessive demand concentration in large-cap stocks normalizes and government policy support kicks in. The market has been overlooked by investors compared to Kospi, but the shift in fund flows—with retail investors exiting and leverage ETF inflows easing—may create conditions for recovery in smaller-cap stocks.

According to Sputnik, a Moscow official said on August 1 that Russia remains open to negotiations with Ukraine. The official stated that Russian officials have repeatedly expressed willingness for talks and noted that Moscow has never rejected constructive proposals regarding the form of contact with Ukraine.

According to ChainCatcher and Lookonchain, a whale has purchased 7,919.5 ETH worth $14.89 million as part of a larger accumulation since June 30. Over that period, the whale bought a total of 74,265 ETH at an average price of $1,771, valued at $131.7 million, and 1,050 WBTC at an average price of $64,277, worth $67.49 million.

According to a CFTC order released on Friday, George Santos was fined $35,000 for misleading trading activity on Kalshi, a regulated derivatives exchange. Between February 12 and February 25, Santos posted on social media about attending the 2026 State of the Union while simultaneously betting against his attendance on the platform, profiting $17,569.98. He must return the full amount plus pay a $17,500 penalty and is banned from trading for three years. Santos' lawyer stated he settled without

According to Reuters, Coinbase Global posted a net loss of $1.36 per share in Q2 2026, marking its third consecutive quarterly loss amid declining crypto trading volumes. The company is expanding revenue diversification efforts through stablecoin and derivatives products.

According to Beating, Google has abandoned its standalone iOS and Android app for Google AI Studio after approximately 800,000 users pre-registered. The app was designed to bring AI Studio's application generation and code editing capabilities to mobile devices. The functionality will now be integrated directly into Gemini, allowing users to generate applications through conversations. Google plans to roll out these features across both mobile and desktop platforms, though a specific launch date

According to Guru Club, Hyperliquid, a decentralized derivatives platform, listed a perpetual contract for Longxin Semiconductor on July 15, pricing it at $7.2 per share (approximately 52 yuan). Based on the post-IPO share count of 6.688 billion shares, the implied market valuation reached 3.5 trillion yuan, approximately 6 times the IPO offering valuation of 579 billion yuan. This marks the first time an on-chain pre-IPO contract has directly tracked a Shanghai Stock Exchange STAR Board listing

According to Beating, Amazon completed its $50 billion investment in OpenAI after June 30, part of a larger $110 billion funding round announced in February. The company invested $15 billion in the first quarter, followed by $13.7 billion in the second quarter, with the final $21.3 billion in preferred shares completed after June 30. Amazon now holds approximately 5% of OpenAI.

According to market reports, on July 30, AI-related stocks rebounded sharply after Citadel acquired approximately $16 billion in equity positions from Situational Awareness fund, a $45 billion-asset fund managed by 25-year-old Leopold Aschenbrenner. The fund faced severe margin calls in July after betting heavily on concentrated AI hardware supply chain stocks with approximately 4x leverage, including SK Hynix, Micron, and CoreWeave. During the July downturn, the fund simultaneously suffered los

According to Guru Club, Piper Sandler cut Coinbase's target price to $146 from $155 on July 31.

According to Guru Club, on July 31, Bitcoin fell to $62,660, down 3.29% in the past 24 hours, while Ethereum declined to $1,852.99, down 3.49% over the same period.

According to Guru Club, Brent crude oil broke through $90 today (August 1), rising 5.2% intraday. WTI crude oil surged above $86, up 5.3% in the same period.

According to CCTV Financial News, China's open-source AI models have significantly lowered artificial intelligence costs on August 1, transforming AI from a costly luxury into an accessible tool. The country's AI models have accumulated over 10 billion global downloads, with the national open-source community reaching 11 million users and hosting more than 70,000 models.

According to Kuwait's military, air defense forces are currently intercepting missiles from Iran on August 1.