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
06:11

U.S. Plans to Convert 19 Virginia-Class Submarines to Missile-Armed Variants with Enhanced Strike Capacity

According to CNN on August 7, the U.S. Department of Defense decided to convert 19 Virginia-class nuclear attack submarines (SSN) into guided-missile submarines (SSGN). Each submarine will be equipped with a 25.6-meter Virginia Payload Module featuring 12 vertical launch tubes supplemented by 28 additional missile launch cells, significantly increasing their firepower. The SSGN variants will be armed with cruise missiles and hypersonic missiles for long-range strikes and anti-ship operations. Th
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06:09

48 South Korean Penny Stocks Face Management Designation as Delisting Countdown Accelerates

According to the Korea Exchange and Financial Supervisory Service, as of August 7, approximately 48 listed companies with stock prices below 1,000 Korean won are at risk of receiving management designation, a preliminary step toward delisting. The delisting process has accelerated following the government's implementation of strengthened listing maintenance conditions approximately one month ago, with affected companies issuing consecutive notices regarding management designation concerns.
06:07

South Korean Investors Lose $38.7B in Leveraged ETFs as KOSPI Plummets 22.19% in July

According to Bloomberg, on August 9, individual South Korean investors faced an estimated $38.7 billion (54.6 trillion won) loss in leveraged exchange-traded funds (ETFs) as the KOSPI index tumbled 22.19% in July, the worst performance among major global markets. Bloomberg analysis suggests the extreme market volatility and leveraged position liquidations have entered a final phase, with the VKOSPI volatility gauge falling to the mid-70s in August from above 90 in late July. Regulatory restricti
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05:59

Roughnecks Mining Pool Halts BIP-110 Operations, Recommends Miners Pause on August 9

According to PANews, Roughnecks mining pool, which supports the BIP-110 protocol, announced on August 9 that it will halt mining operations under its name and recommended all miners currently mining on the BIP-110 chain to pause operations until further notice. The pool emphasized the decision marks a transition rather than a failure of the BIP-110 movement.
05:55

BTCPay Restricts Remote Lightning Access After Critical Vulnerability Exploited by Attackers

According to BTCPay Server, the platform temporarily restricted public remote connections to Lightning Network nodes running Lightning Network Daemon (LND) software yesterday after attackers exploited a critical vulnerability to steal credentials and drain funds. The vulnerability allowed unauthenticated remote attackers to obtain macaroon credential files used to control LND nodes, enabling them to move funds from affected wallets. BTCPay said version 2.4.2 installs LND version 0.21.1 and autom
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05:55

South Korean Retail Investor Deposits Fall 35 Trillion Won in Two Months Amid Policy Missteps

According to the Financial Investment Association, South Korean retail investors' deposit balances fell to 104 trillion won by August 6, down from 139.7 trillion won on June 4—a decline of over 35 trillion won in two months. The withdrawal reflects eroding confidence in the domestic stock market, driven by AI chip sector pullback and a series of government policy failures including single-stock leverage ETF rollout, existing ISA account revisions, and restrictions that left investors without via
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05:51

Astarter Partners With SVP Chain to Power AI Web3 Economy

According to Astarter's Twitter announcement on August 8, the Web3 platform has partnered with SVP Chain, an AI-agent-focused sovereign Layer 1 blockchain, to develop infrastructure for autonomous AI agents to interact and transact through decentralized networks. SVP Chain features native AI agent identities, one-second transaction finality, on-chain Central Limit Order Book trading, EVM compatibility, and agent-to-agent payment capabilities. Astarter focuses on AI-powered decentralized applicat
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05:49

SK Hynix Plunges 46.3% in H2 2026, Korean Fund Manager Calls for Diversification Beyond Semiconductors

According to Park Ji-hwan, a fund manager at Korea Investment Trust Company, interviewed on the YouTube channel Joktopia on August 7, volatility in semiconductor stocks during the second half of 2026 has prompted a shift toward portfolio diversification. SK Hynix, a major domestic chip manufacturer, surged 307.1% in H1 but declined 46.3% by early August, while Samsung Electronics rose 178.6% in H1 before falling 30.8% in H2. Despite near-term headwinds, Park noted that long-term semiconductor fu
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05:49

Brazil's Supreme Court Rejects Release Petition in $160M Cryptocurrency Fraud Case

According to ChainCatcher citing Livecoins, Brazil's Supreme Court of Justice (STJ) rejected a release petition for suspect Luccas on August 9, 2026, upholding his detention in connection with the $160 million theft from tech company C&M Software. The suspect was accused of illegally accessing the company's liquidation system and stealing approximately 813 million Brazilian reals ($160 million). The criminal organization laundered the funds through multiple blockchains by converting them into Bi
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05:49

SanDisk Soars 430% as Wall Street Shifts Focus from M7 Tech Giants to P7 Chip Suppliers

According to NYSE data as of August 6, semiconductor and infrastructure companies are dramatically outperforming major tech giants in 2026. SanDisk surged 430%, Dell rose 248%, and Micron climbed 209% year-to-date, while Meta declined 10.5% and Tesla fell 29%. The shift reflects changing investor priorities: Wall Street now favors companies supplying AI infrastructure—dubbed "P7" (SanDisk, Marvell, Micron, Intel, Dell, AMD, Broadcom)—over the traditional M7 (Nvidia, Apple, Microsoft, Alphabet, A
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05:46

Three St. Louis Men Charged With Conspiracy to Kidnap Victims for Bitcoin Ransom, Face Up to 20 Years Prison

According to ChainCatcher, citing the Connecticut federal prosecutor's office, three men from St. Louis—Sedric Louis, John Davis, and Martel Williams—were charged with conspiracy to commit robbery by surveilling a residence and forcing occupants to transfer cryptocurrency related to a multi-million-dollar bitcoin theft. Each faces up to 20 years in prison. The three allegedly traveled to Connecticut between August 21-24, 2024, renting a vehicle and preparing firearms and communication devices. T
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05:42

Few and Far Founder Indicted on $10M NFT Fraud Charges on Aug. 5; FAR Token Collapses 99%

According to the U.S. Department of Justice, Few and Far founder Taj Tarsha was indicted on Aug. 5 on securities and wire fraud charges tied to more than $10 million raised from 67 investors beginning in February 2022. Prosecutors allege Tarsha used investor funds for personal gambling, cryptocurrency purchases, and unauthorized compensation instead of building the promised NFT marketplace. The FAR token launched in May 2024 more than two years after the initial fundraise, then collapsed more th
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05:36

Goldman Sachs' Liu Jingjin Rules Out Systematic Bubble in China's AI Sector, Highlights A-Stock Allocation Appeal

According to 澎湃, Goldman Sachs' chief China equity strategist Liu Jingjin stated on August 9 that China's AI-related stocks do not constitute a bubble, as their combined market value has yet to fully reflect the potential economic benefits AI could bring. From a global perspective, Liu noted that Goldman's research team expects the Federal Reserve to hold policy steady over the next six months, maintaining a favorable environment for global risk assets. The Chinese yuan's exchange rate trends ar
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05:34

Trump's Repeated Hormuz Strait Peace Pledges Fail to Deliver; Oil Price Risks Resurface

According to RBC Capital Markets, the Trump administration released optimistic signals this week that a U.S.-Iran agreement on the Hormuz Strait could come quickly, prompting oil prices to fall and stock markets to surge, but the deal has not materialized. Treasury Secretary Scott Bessent said Tuesday an accord ensuring "free passage" of the strait could come "within hours," while Trump claimed Wednesday or Thursday progress was imminent. Markets have repeatedly bought into such pledges—Trump ha
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05:30

SanDisk Executives Offload Shares Worth Tens of Millions Recently

According to X user Marcos Milla, SanDisk executives have increased stock sales recently. CEO David Goeckeler sold shares worth $5.7 million, CTO Alper Ilkbahar $9.8 million, and board member Thomas Caulfield $13.4 million. CFO Luis Felipe Visoso sold $2.5 million in shares, with other executives also conducting sales in the millions.
05:26

Bitcoin On-Chain Activity Surges as New Wallet Addresses Hit 2.27 Million, Highest in 10 Months

According to Santiment Intelligence, Bitcoin experienced a surge in on-chain activity this week, with new wallet addresses reaching 2.27 million, marking the highest level in 10 months. Active wallet count also hit 750,000, a 10-month high. The primary catalyst was disruption from the Coldcard wallet security incident, which prompted users to transfer funds, create new wallets, and reassess custody arrangements.
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