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
12:11

IBM Completes Acquisition of HRL Laboratories to Advance Quantum Computing

According to Newswire, IBM has completed its acquisition of HRL Laboratories, a leading research and development institution specializing in quantum computing, quantum sensing, advanced communications, electronics, manufacturing, and materials science. The acquisition strengthens IBM's broader investments in quantum manufacturing and infrastructure. HRL's expertise in silicon-based quantum technology creates opportunities for future collaboration with IBM's quantum foundry operations to support
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12:11

Oil Prices Fall Overnight as U.S.-Iran Ceasefire Consensus Emerges on August 26

According to Buildin Futures research, oil prices fell sharply overnight on August 26 after reports indicated the U.S. and Iran have reached consensus on a ceasefire and may restart peace talks. The broader supply picture shows that after the Strait briefly reopened, it faced renewed blockade, prompting major institutions to downgrade crude oil supply forecasts. Third-quarter supply deficits have widened while global inventory continues to deplete.
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12:08

Intuit Stock Drops 12% in Pre-Market Trading as Analysts Downgrade on Weak 2027 Guidance

According to Bank of America and JPMorgan, Intuit (INTU) shares fell as much as 12% in pre-market trading on Wednesday after the company's fourth-quarter results, with both firms downgrading the stock to Neutral. The downgrade reflects concerns over slowing growth and AI disruption risks affecting TurboTax and QuickBooks. Intuit's fiscal 2027 revenue guidance of 9%-10% represents a sharp deceleration from the 14% growth posted in fiscal 2026, while TurboTax unit growth was guided at just 2%-3% f
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12:07

Taurus Integrates Digital Asset Platforms with Swift's Blockchain Ledger for Tokenized Payments

According to Taurus, the digital asset infrastructure provider integrated its tokenization and custody platforms with Swift's blockchain-based ledger on Wednesday (August 26). The integration enables Taurus clients to connect their existing digital asset infrastructure to the ledger for payments using bank-issued tokenized deposits. The company expects initial client integrations to go live within days, with the first distributed ledger technology transactions through its platforms anticipated w
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12:04

Hyundai Motor Group Grows U.S. Market Share from 8.4% to 11.2% This Decade, Fastest Among Automakers

According to Mobility Global and CNBC reporting, Hyundai Motor Group increased its U.S. market share from 8.4% in 2020 to 11.2% by 2025, the largest gain among major automakers. The group, which includes Hyundai, Kia, and luxury Genesis brands, achieved roughly 50% sales growth over the period, becoming the fourth best-selling automaker in the country. CEO José Muñoz told CNBC the company plans a $26 billion investment through 2028 and aims to increase domestic production capacity at its Georgia
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12:04

Tiger Brokers Reports Q2 Revenue of $182 Million, Record High; Client Assets Reach $60.73 Billion

Tiger Brokers reported second-quarter revenue of $182 million, up 31.4% year-over-year and 17.7% quarter-over-quarter, marking a record high. Non-GAAP net profit attributable to the parent company reached $42.84 million, up approximately 20% sequentially after adjusting for Q1 regulatory penalties. Global retail client assets grew 16.7% year-over-year to $60.73 billion, driven by net deposits exceeding $1.5 billion during the quarter.
12:02

Société Générale Raises Gold Allocation to 10% in June, Sees Metal as Inflation Hedge Above $4,600

According to Société Générale, the French bank raised its gold allocation to 10% in the second quarter, up from 7% in Q1, as renewed investor interest supports the precious metal above $4,600 per ounce. The bank positioned gold as a strategic hedge against inflation risks, policy uncertainty and geopolitical instability, citing a growing disconnect between benign market inflation expectations and an economic environment likely to keep price pressures elevated. Société Générale noted that gold's
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12:01

Lloyds Survey: 76% of Young UK Adults Used AI for Money, but Confidence Gap Reaches 21 Points

According to Lloyds Banking Group, a survey released in August 2026 found that 76% of digitally engaged UK adults aged 18 to 24 used artificial intelligence for personal finance during the previous year. However, only 64% of young AI users felt confident about their finances, compared to 85% confidence among AI users aged 65 to 74, creating a 21-percentage-point gap between the youngest and oldest groups.
12:01

Bitget Launches PURR Perpetual Futures Contract on August 26 with 20x Leverage

According to BlockBeats, Bitget launched PURR (Hyperliquid Strategies) perpetual futures contracts on August 26, according to an official announcement. The contracts are settled in USDT, support up to 20x leverage, and are available for 24/7 trading. This brings Bitget's total equity perpetual contract offerings to 293.
12:01

9 Institutions Predict Coking Coal Price Surge in September 2026; Lithium Mining License Application Withdrawn

According to multiple market sources on August 26, nine institutions jointly assessed China's coking coal market with unanimous bullish sentiment for September, with quantified strength scores averaging 1.02, marking the highest monthly assessment of 2026, though the China Coal Transportation and Sales Association warned of consistency risks requiring market vigilance. In related developments, Yichun Ecological Environment Bureau withdrew the public inquiry period for Ningde Times subsidiary's l
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12:00

NVDA Options Market Prices in 6% Move by Week's End Ahead of Earnings

According to CNBC, options traders are pricing in a potential 6% swing in Nvidia stock by the end of this week following the company's fiscal 2027 second-quarter earnings report on Wednesday. Based on Tuesday's closing price, a 6% rally could push the stock to around $225, nearing May's record high of $236, while a 6% decline would test support near $202. Nvidia shares have gained 14% year-to-date but remain down over 10% from the May peak.
12:00

Avalanche Treasury Company Posts $44.7M Loss in Q2, Authorizes $10M Share Buyback

According to Businesswire, Avalanche Treasury Company (Nasdaq: AVAT) reported a net loss of $44.7 million in Q2 2026, with a loss per share of $1.54. The company's board approved a $10 million Class A common stock buyback plan to address market undervaluation and enhance shareholder returns. AVAT, which listed on Nasdaq on June 11, held approximately 15.3 million AVAX tokens valued at roughly $100 million as of June 30. The company generated $1.5 million in net staking rewards during Q2, bringin
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AVAX-2.48%
12:00

Hyperscale Data Subsidiary Receives $5.4M U.S. Defense Orders in July-August

According to PRNewswire, Hyperscale Data's subsidiary Gresham Worldwide received approximately $5.4 million in orders from U.S. defense projects and contractors between July and August 2026. The orders cover radio frequency and microwave components supporting radar, electronic warfare, communications, and other mission-critical systems, reflecting growing demand for high-reliability RF technology in the U.S. defense sector.
11:59

Iran Reaches Revenue-Sharing Agreement with Oman on Hormuz Strait Control, on Aug 26

According to Iran's Revolutionary Guards official website Sepah News, Iran's IRGC spokesman Hossein Mohbi said on August 26 that Iran has reached an agreement with Oman on revenue distribution from the Hormuz Strait. Mohbi stated that the agreement covers both countries' maritime jurisdiction shares and revenue allocation, and emphasized that Iran maintains full military control over the waterway. He added that U.S. interference has delayed the implementation process, and warned that if the U.S.
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11:58

AI Agent Developer Runable Completes $21M Series A Funding Round

According to TechCrunch, AI Agent developer Runable has completed a $21 million Series A funding round led by Susquehanna Venture Capital and Nexus Venture Partners, with Together Fund and Array VC participating. The company's AI agents can generate websites, applications, and presentations from natural language inputs and handle deployment and data analysis tasks. The new capital will be used to optimize AI inference costs and strengthen infrastructure, marketing, and distribution capabilities.
11:57

LayerZero Unveils ATLAS Settlement Engine, ZRO Surges 20%

According to LayerZero, on August 25 the protocol unveiled ATLAS, a trading and settlement engine designed to sit underneath exchanges rather than compete with them. ATLAS has no app or frontend; trading venues integrate it, retain their own interface and customers, and skip building matching, clearing, settlement, and risk systems. ZRO surged more than 20% on the announcement. Venues stake ZRO for fee rebates of 20% to 65%, with 75% of remaining fees used to buy back and burn ZRO while 25% go t
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ZRO10.59%