Gate Crypto Flash News and Market Updates

On August 4, the Shanghai branch of the People's Bank of China (PBOC) pledged sustained pressure on cryptocurrency trading activities during its second-half 2026 work conference. Regulators committed to continuously preventing and addressing risks associated with virtual currency trading and speculation, while intensifying oversight of systemically important financial institutions. Concurrently, authorities are advancing state-sanctioned digital finance initiatives, including digital yuan (e-CNY

According to CryptoQuant analyst Axel Adler Jr., on August 7, Bitcoin long-term holders are surrendering, with the Spent Output Profit Ratio (SOPR) falling to 0.92. Despite this weakness, BTC is trading 30% above the group's average cost basis of $49,300, indicating price support remains above long-term holder break-even levels.

According to POSCO Holdings announcement on August 7, the company is divesting a combined 2.502 trillion Korean won (approximately $1.93 billion USD) in stakes from subsidiaries POSCO International and POSCO DX. Following the divestment, POSCO Holdings will reduce its ownership in both companies to 50% each. The sale of 36.43 million shares in POSCO International will generate 2.0185 trillion won, while the sale of 23.39 million shares in POSCO DX will raise 481.7 billion won. POSCO Holdings sta

According to an update published by the European Securities and Markets Authority (ESMA) on Wednesday, Bridge, the Luxembourg-based stablecoin infrastructure company owned by Stripe, has joined the EU's Markets in Crypto-Assets Regulation (MiCA) register as an authorized electronic money token (EMT) issuer. Bridge's inclusion brings the total number of MiCA-authorized EMT issuers to 42. The company secured regulatory approval from Luxembourg's Commission de Surveillance du Secteur Financier for

According to its official quarterly results, Nasdaq-listed Bitcoin mining company CleanSpark reported revenue of $138 million for Q3 fiscal 2026 on Thursday, narrowly missing analysts' consensus estimate of $142.2 million. The revenue represented a 30.5% year-over-year decrease from $198 million in the prior-year quarter. CleanSpark's shares fell 5.5% on Thursday following the announcement.

According to Reuters, Cloudflare beat second-quarter expectations on August 6, with revenue of $696.1 million versus the $665.5 million estimate, and adjusted earnings of $0.29 per share compared to the expected $0.27. The company raised its full-year 2026 revenue guidance to $2.86–2.87 billion and third-quarter revenue guidance to $736–737 million, both above analyst forecasts. The stronger outlook was driven by growing demand for AI agents, which is increasing traffic across its network and bo

According to Beating, MiniMax Code is set to launch a command-line interface (CLI) version, with the team showcasing test screenshots revealing a complete Coding Agent implementation. The terminal version will enable users to understand tasks, reason through problems, and execute operations directly from the command line.

According to Bloomberg, Chinese AI chip designers recorded significant revenue growth in the first half of 2026, supported by Beijing's push for domestic enterprises to adopt homegrown semiconductors and reduce reliance on U.S. technology. Cambricon reported substantial gains; Iluvatar CoreX, Shanghai-based chip startup, saw sales surge approximately threefold; Moore Threads, Beijing-based, disclosed a projected revenue increase of 149% for H1 2026.

According to OKX official announcement, the platform's dual currency earnings product has added support for five tokenized stock assets: xSKHY, xGOOGL, xAMD, xMETA, and xEWY. Users can now select these assets and choose strategies to participate in the product purchase through the App's "Explore > Dual Currency Earnings" section.

According to Odaily, Huobi HTX released its August Proof of Reserve (PoR) data on August 1, showing all major assets maintain reserve ratios above 100%. BTC reserves stand at 103%, ETH at 100%, TRX at 106%, USDs at 103%, HTX at 102%, XRP at 102%, DOGE at 100%, and SOL at 102%. The platform has consistently disclosed PoR data for 46 consecutive months and commits to 100% redemption.

According to Hong Kong Exchanges and Clearing disclosure reported by Jin10, Goldman Sachs reduced its long position in Zhongjiao Xuchuang (03308.HK) from 12.19% to 11.6% on August 4, 2026.

According to Hong Kong Exchanges and Clearing Limited disclosures, Goldman Sachs reduced its long position in China Xiangsheng (03308.HK) to 11.6% from 12.19% on August 4.

According to Yonhap Infomax, South Korea's 1-year FX swap points closed 0.30 won higher at -12.40 won on August 7. The 6-month maturity ended at -6.00 won, up 0.10 won, while the 3-month maturity closed at -2.25 won, also up 0.10 won. Overnight and shorter-dated contracts finished at -0.070 won and -0.020 won, respectively.

According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,416.10 won on August 7, down 7.70 won from the previous close of 1,423.80 won, marking the lowest closing level since October 2 last year. Exporter redemptions and offshore investor selling drove the decline. Semiconductor firms including Samsung Electronics and SK Hynix increased dollar selling, while foreign investors shorted dollar futures. Dealers see potential for further weakness, with next week potentially seeing levels below

According to Russian Defense Ministry, over the past week, Russian armed forces conducted 2 large-scale strikes and 12 cluster strikes targeting Ukrainian defense industrial enterprises and logistics centers.

According to Russia's Defense Ministry, the Russian military struck 34 Ukrainian naval vessels over the past week.

According to U.S. District Judge Shalina Kumar of the Eastern District of Michigan, Coinbase failed to establish that it is likely to succeed in its claims that federal law preempts Michigan's jurisdiction over sports event contracts. Judge Kumar ruled on Thursday that Coinbase's preliminary injunction bid should be denied. Coinbase sued Michigan in December 2025, arguing that prediction markets fall under exclusive federal Commodity Futures Trading Commission (CFTC) jurisdiction rather than sta

According to ChainCatcher, U.S. President Donald Trump recently stated that artificial intelligence may be more important than oil, emphasizing that whoever wins in AI wins everything.

According to OpenAI, the company released its first global ChatGPT user profile data on August 6, revealing significant usage variations across regions, age groups, and scenarios. In work settings, users employing ChatGPT for execution tasks such as writing, editing, and analysis exceeded 50% of usage, more than double the rate outside work. Globally, users aged 35 and above increased 5 percentage points year-over-year, with France and Czech Republic rising over 10 percentage points. Multimodal

According to Foresight News, Polymarket has upgraded its up/down prediction markets to support time-weighted average price (TWAP) trading and announced $1 million in liquidity rewards. The rewards will be distributed across prediction markets for BTC, ETH, SOL, XRP, HYPE, BNB, and DOGE.