Gate Crypto Flash News and Market Updates

According to Yonhapnews on August 10, South Korea's government initiated a comprehensive review of its 2026 tax reform proposals following President Lee Jae-myung's directive on August 7 over significant investor and youth backlash. The review addresses revisions to Individual Savings Accounts (ISA)—which removed carryover limits and capped contract duration at 5 years—and the stock price manipulation prevention law, which imposes a minimum 30% stock value upward adjustment for tax purposes when

According to its official announcement on August 7, 2026, China Gold International (01380) signed a memorandum of understanding (MoU) with First Asia Merchant Precious Metal Co., Ltd. and First Gold Pawn Holdings Group Limited to explore strategic cooperation opportunities across the gold value chain. Under the MoU framework, the parties aim to collaborate on seven key areas: gold supply from the company's mining operations for trading and retail use; gold refining services; retail gold shop exp

According to Shanghai Securities News, China has unveiled a series of monetary policy reforms since late July, including the launch of DR-based reference rate loans and enhanced disclosure of comprehensive financing costs in personal lending businesses. Financial analysts believe that China's monetary policy toolbox remains well-stocked, with various instruments poised to work in coordination to strengthen counter-cyclical regulation. Additional policy measures are expected to be rolled out in a

Recently, Doosan agreed to acquire 70.61% stake in SK Siltrion for a base purchase price of 2.3 trillion won, according to the transaction agreement. The acquisition targets SK's direct shareholding of 51% and total return swap (TRS) contracts representing 19.61%, while SK Group Chairman Chey Tae-won's 29.39% stake is excluded from the current transaction. The final payment amount may exceed the contract price based on future performance metrics, subject to earnout provisions tied to the company

According to F&Guide, South Korea's top 10 conglomerates saw their combined market capitalization plunge by 1.7 quadrillion won as of August 10, representing a 30% decline from the 5.6 quadrillion won recorded at the end of June. The sharp drop erased roughly half of the market gains the groups had accumulated during the first half of 2026.

According to Israeli officials, on August 9, the Israeli government approved an emergency appropriation plan redirecting one billion New Shekels originally allocated to Intel to the Defense Ministry for urgent weapons procurement. The move, described as an exceptional emergency funding transfer, was attributed to Israel's current state of emergency. The decision had previously been approved by a ministerial-level procurement committee on August 6.

According to JPMorgan's latest report, SK Hynix is expected to see its HBM (High Bandwidth Memory) market share decline significantly over the next three years. In 2025, SK Hynix holds 60% of the HBM market, compared to 20% each for Samsung and Micron. By 2028, however, SK Hynix's share is forecast to drop to 42%, while Samsung is expected to close the gap to 38%. The bank also flagged a major shift in Nvidia's HBM supply chain. SK Hynix currently supplies 91% of Nvidia's HBM needs as of 2023. B

According to the Financial Investment Association, KB Asset Management expanded its ETF market share to 7.80% as of August 5, despite a 91.24% decline in the overall ETF market from July 1 to August 5. The market share increase of 0.43 percentage points from the beginning of July solidified KB Asset Management's third-place ranking in South Korea's ETF industry. During the same period, KB Asset Management's RISE ETF brand products dominated top performance rankings. The RISE 200 High Dividend Co

According to Korean Economic TV, U.S. nonfarm payrolls fell by 23,000 in July, compared to expectations of an 83,000 increase. Additionally, June employment was revised downward to 20,000 from a previously reported 57,000.

According to Russia's Defense Ministry, Russian air defense forces intercepted and destroyed 285 Ukrainian unmanned aerial vehicles across multiple regions between 8 a.m. and 8 p.m. Moscow time on August 9.

According to China Meteorological Administration, Typhoon Baibai weakened to tropical storm as of August 10 at 1 a.m., with maximum wind speed of 9 levels. Its center is located near Taishun County, Wenzhou, Zhejiang Province (27.5°N, 119.8°E). The storm will continue to gradually weaken.

According to Bitcoin.com News, the BIP-110 minority chain stalled after producing just two blocks on Aug. 8 following a chain split initiated when enforcing nodes rejected non-signaling blocks. The chain inherited Bitcoin's 127.48 trillion mining difficulty but attracted minimal hashpower, with miner support never exceeding 2.6% during the signaling period. BIP-110 backers are now discussing switching the minority chain's proof-of-work algorithm to enable mining without relying on Bitcoin's domi

According to Chicago authorities, multiple shooting incidents occurred in Chicago this weekend (August 9), resulting in at least 3 killed and 10 wounded. Eight separate shootings were reported between early morning and morning on August 9, causing 3 deaths and 9 injuries; an additional man was shot early on August 8 with serious injuries. Police have not yet arrested any suspects in connection with the incidents, according to CCTV News.

According to Sky News, Houthi forces launched a fourth wave of missile and drone attacks on Mocha port and nearby government military positions in Yemen on August 9, killing seven people. A Houthi military spokesman also claimed the group struck a Saudi Aramco refinery and hit its target. According to U.S. Central Command, as of August 9, the command had rerouted 55 commercial vessels in the Hormuz Strait, disabled 2 ships, and boarded and inspected 2 vessels to ensure compliance with blockade o

According to Bank of America strategist Michael Hartnett, the bank's Bull/Bear Indicator reached 9.7 in his latest Flow Show report, the highest level since the 2021 meme stock frenzy, signaling extreme market sentiment. Hartnett attributed the persistent bull market to U.S. economic dependence on stock-driven wealth effects; American household stock assets have gained $7 trillion this year, following $9 trillion gains in both 2024 and 2025. While maintaining a bullish long-term stance as long a

Spot gold rose 0.2% on Monday's opening, trading at $4,349 per ounce.

According to CME Fed Watch (via Jin10), as of August 10, the Federal Reserve has a 55.6% probability of holding rates steady in September, with a 44.4% chance of a 25 basis point rate hike. For October, the probability of maintaining unchanged rates stands at 40.8%, while the likelihood of a 25 basis point increase is 47.4% and a 50 basis point cumulative increase is 11.8%.

According to The New York Times, the United States has exhausted over 1,500 Patriot air defense system interceptor missiles in the conflict with Iran, bringing current stockpile levels below 1,700 units, as reported on August 8. Despite the Trump administration's efforts to accelerate production in collaboration with defense contractors, replenishing the depleted inventory will require more than two years, according to sources cited by the publication.

According to a Citrini Research report covered by Business Insider, the market research firm identifies six cybersecurity stocks positioned to benefit from surging security demand driven by AI agent adoption. The firm notes that AI technology is forcing enterprises to accelerate network defense investments, with budgets shifting toward information security. Citrini's six recommended names year-to-date performance: F5 (FFIV) +61%, Fortinet (FTNT) +105%, Palo Alto Networks (PANW) +99%, Cloudflare