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
22:29

Anthropic CEO Criticizes AI Industry for Unfulfilled Promises, Issues Rare Statement Saturday

According to Jin10, Anthropic CEO Dario Amodei issued a rare statement on Saturday (August 16), acknowledging public distrust in artificial intelligence and criticizing the industry for failing to deliver on its promises. Amodei stated that claims about AI curing cancer remain hollow rhetoric rather than inspiring reality, with most people viewing such assertions as deceptive. He emphasized that the most valid criticism of AI companies like Anthropic is failing to realize their pledges to benefi
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22:19

South Korea Restricts Single-Stock Leveraged Trading; Transaction Volume Plunges 93% Since July 31

According to Daily An, on August 17, South Korea's Financial Services Commission evaluated the first wave of regulatory measures introduced on July 31, which raised the minimum deposit requirement for single-stock leveraged products tracking Samsung Electronics and SK Hynix. Multiple securities firms' research centers confirmed the measures delivered positive results in stabilizing the market. Daily transaction volume for the products collapsed from 12.4 trillion Korean won on July 30 to 700 bil
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22:16

BGF Retail, GS Retail Beat Q2 Earnings Expectations; Emart24, Korea Seven Swing to Profit

According to Yonhap Infomax, on August 17, South Korea's top two listed convenience store operators delivered better-than-expected Q2 results. BGF Retail reported revenue of 2.4268 trillion won and operating profit of 84.9 billion won, up 6.0% and 22.3% year-over-year, respectively, beating market expectations of 76.1 billion won. GS Retail posted revenue of 3.1751 trillion won and operating profit of 109.4 billion won, up 6.7% and 27.5% respectively, surpassing forecasts of 100.4 billion won. P
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22:15

APR Reports 342.8B Won Operating Profit in H1 2026, Surpasses Rivals on 25% Margin Rate

According to Korea's Financial Supervisory Service, APR reported operating profit of 342.8 billion won in the first half of 2026, surpassing Amorepacific (244 billion won) and LG Household & Health Care (210.6 billion won) for the first time. The company's operating margin reached 25.2%, more than double Amorepacific's 10.6% and nearly four times LG's 6.5%. Operating profit grew 150.4% year-over-year, while revenue increased 129.2% to 1.36 trillion won. Overseas sales accounted for 90.6% of reve
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22:13

South Korea's Investor Deposits Breach 100 Trillion Won on August 13 After Five-Day Rally

According to the Financial Investment Association, South Korea's investor deposits (excluding derivatives margin) reached 100.07 trillion won as of August 13, rebounding following five consecutive trading days of gains through August 14. The deposits had hit a year-low of 97.93 trillion won on August 11 but recovered by 2.14 trillion won in just two trading days.
22:13

Hamas Political Bureau Chief Meets Egyptian Intelligence Chief Today in Cairo

According to Hamas statement, Hamas Political Bureau Chief Khalil al-Hayya met with Egyptian intelligence chief Hassan Rashad today (August 16) in Cairo. The two discussed the latest developments in the West Bank and Gaza. Hamas reported to Egypt that Israel has recently violated agreements and escalated tensions, and called on the region and the international community to take immediate intervention measures.
22:11

Egyptian President Sisi Meets Kushner, Calls for Gaza Ceasefire Implementation on August 16

According to Egyptian state media, Egyptian President Abdel Fattah El-Sisi met with Jared Kushner, U.S. President Trump's son-in-law, in Alamein on August 16, urging relevant parties to implement the Gaza ceasefire agreement. During the meeting, both sides exchanged views on Middle East developments, including the Palestinian issue, and emphasized that parties should fulfill commitments made at the Sharm El-Sheikh summit held in Egypt last October and advance the Gaza ceasefire accord. Sisi also
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22:02

Garrett Jin Deposits 17M WLFI to Binance Worth $1.01M, Down 41% From $31.66M Purchase

According to Onchain Lens, Garrett Jin deposited 17 million WLFI tokens, valued at approximately $1.01 million, to Binance 41 minutes ago, suggesting a potential sale. The deposit follows a significant loss: Jin acquired 313.31 million WLFI tokens five months ago for approximately $31.66 million. At current prices, the holdings have declined approximately $13 million, or 41%.
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WLFI3.81%
22:02

Polymarket Launches Pokemon Card Price Prediction Markets Today

Polymarket officially launched prediction markets on Pokemon card prices today, August 16, allowing traders to wager on whether individual cards and sealed products gain or lose value. The platform tracks ungraded prices from Collectr, a collectibles pricing app, with over a dozen Pokemon markets now trading. Contracts include Squirtle, Charizard ex, Pikachu ex, Mega Gengar ex, Bulbasaur, and sealed products such as booster boxes, set to settle on August 31. The Mega Gengar ex contract leads in
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22:00

Fed Likely to Hold Rates in September With 66.9% Probability, CME Data Shows

According to CME Federal Reserve Watch data cited by Jin10, as of August 17, the probability that the Federal Reserve will maintain interest rates unchanged in September stands at 66.9%, with a 33.1% probability of a 25 basis point rate hike. For October, the probability of holding rates steady is 53.6%, with a 39.8% chance of a 25 basis point increase and a 6.6% probability of a 50 basis point cumulative hike.
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21:51

South Korean Brokerages Hit Record 1 Trillion Won Overseas Stock Commission Revenue in Q2 Despite Retail Sell-Off

According to half-year reports from 9 major South Korean brokerage firms filed on August 17, overseas stock trading commission revenue reached 1 trillion Korean won in Q2 2026 (April-June), marking a record high. Despite retail investors significantly reducing their positions in overseas markets, increased trading volume drove the surge in commission income across the brokerages, including Toss Securities, Mirae Asset, Korea Investment, Samsung, NH, KB, Kiwoom, Shinhan, and Meritz Securities.
21:50

Kushner Presses Hamas on Disarmament in Cairo, Heads to Israel on Monday

According to U.S. media, Kushner met with Hamas leaders in Egypt on Sunday (August 17), pressing them on disarmament commitments. According to Palestinian sources, Kushner conveyed that President Trump views disarming all factions as a key prerequisite before any other actions in Gaza. Kushner is expected to arrive in Israel on Monday to meet with Prime Minister Netanyahu and discuss "reciprocal measures." Separately, the Israeli military killed senior Hezbollah commander Abu Hassan Arah in sout
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21:49

Prediction Market Novig Sues Wisconsin AG on Friday Ahead of Expected Enforcement

According to The Block, sports-focused prediction market Novig sued Wisconsin Attorney General Josh Kaul and state gaming administrator John Dillett on Friday, filing a 45-page complaint in U.S. District Court for the Western District of Wisconsin. The company had begun offering event contracts to Wisconsin customers the previous week. Novig's lawsuit is a preemptive measure, as Wisconsin had sued other prediction market platforms including Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase
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