Gate Crypto Flash News and Market Updates

According to MoneyToday on August 12, South Korea's top five securities firms (Mirae Asset, Korea Investment, Samsung, NH Investment, and Kiwoom) posted combined first-half net profits of 7.76 trillion KRW, marking a historic high and 144% surge from 3.18 trillion KRW in the same period last year. In the second quarter alone, net profits reached 4.51 trillion KRW, up 153% year-over-year. The surge was driven by sharp increases in stock and ETF trading volumes as the KOSPI index rallied to 9,110

According to Oracle, on August 11, the company launched 8 HR AI agents within Fusion Cloud Human Capital Management (HCM). The agents are designed to automate routine HR tasks including updating job roles and employee profiles, support internal mobility, and identify emerging skills needs. Oracle described the new tools as native extensions that leverage enterprise data, workflows, and policies while surfacing exceptions and decisions requiring human judgment.

According to Yonhap Infomax, Dongwon Industries reported second-quarter operating profit of 151.5 billion won on August 12, up 13.3% year-over-year and surpassing market consensus estimates of 122.6 billion won. Q2 revenue reached 2.572 trillion won, up 9.0% YoY. The company attributed the outperformance to strong growth in its B2B segments—food distribution, packaging, and logistics—which expanded market share and exports. The group also announced an increase to its interim dividend to 600 won

According to Jin10, Pakistan's Interior Minister Naveed Muhammad Tarar arrived in Tehran on August 12 to meet with senior Iranian officials. Pakistan's Foreign Office Spokesperson Tahir Andrabi stated that the visit aims to discuss bilateral relations, security matters, and regional stability. Andrabi added that Pakistan is committed to facilitating US-Iran talks and implementing their memorandum of understanding to advance regional peace and stability.

According to BlockBeats, citing BIT market data, U.S. semiconductor, optical communications, and storage stocks surged in pre-market trading on August 12. Optical communications stocks led gains, with Lumentum (LITE) up 7.73%, Nokia (NOK) up 6.36%, and Coherent (COHR) up 5.12%. Semiconductor and storage stocks also advanced, including Marvell (MRVL) up 3.08%, Micron (MU) up 2.36%, and Western Digital (WDC) up 2.53%.

According to Morgan Stanley analyst Adam Jonas on Tuesday (August 11), SpaceX received a buy rating with a base target price of $300 per share, alongside a bull case scenario projecting $600. SpaceX closed at $133.29 on Tuesday, slightly below its June IPO price of $135, valuing the company at approximately $1.75 trillion. The bull case hinges on extreme conditions: Starship becoming fully reusable with high-frequency operations, cutting orbital AI data center deployment costs in half, and Starl

According to Defense Blog and WyNetGlobal, U.S. defense contractor Covenant Industries successfully conducted live-fire tests of the Anthem low-cost, long-range cruise missile on August 6 at the Africa Multi-Domain Training and Experimentation Center (AMTEC) in southwestern Morocco. The company completed all procedures and achieved successful test results in just 13 days. The U.S. Department of Defense has been pushing domestic defense contractors to accelerate weapons production as ammunition a

According to ChainCatcher and Gate market data, Hong Kong's Hang Seng Index fell 0.83% and the Tech Index declined 0.99% on closing on August 12. Tech stocks came under pressure, with Tencent Music (01698.HK) dropping 12.55% following earnings results.

According to Reuters and shipping tracking data, fuel oil futures surged on Wednesday (Aug 12), with FU2609 gaining over 4% intraday to break above 3,800 yuan per ton. LU2609 low-sulfur contracts climbed over 2%. The rally was driven by an impasse in Hormuz Strait transit negotiations, as Iran's Supreme National Security Council secretary stated that the strait would not reopen unless the U.S. changes its behavior and accepts Iran's conditions. Ship-tracking data showed reduced vessel traffic th

According to ChainCatcher, Supermicro (SMCI) rose approximately 10.4% in premarket trading on August 12, following the company's release of fiscal 2027 revenue guidance that exceeded market expectations.

According to EDaily, L&C Bio Chairman Lee Hwan-chul on August 12 announced plans to sell 826,276 existing shares for approximately 50.7 billion won between September 11 and October 10. He also plans to dispose of roughly half of his expected subscription rights from the company's 140.6 billion won equity offering. Meanwhile, financial investor NowIB has already sold 407,800 shares for 23.8 billion won over recent days, reducing its stake from 2.62 million to 2.22 million shares. The company is p

According to Morgan Stanley on August 12, the firm raised Samsung Electro-Mechanics (SEM) to top pick status, upgrading its target price from 2.56 million won to 2.62 million won. The brokerage maintained its overweight rating. Morgan Stanley cited strengthening multilayer ceramic capacitor (MLCC) prices and improving azinomoylene build-up film (ABF) substrate demand as key drivers. The firm expects SEM's margin and earnings-per-share estimates to exceed consensus forecasts. SEM's AI-related rev

According to Jin10 Futures, the CFETS-NEX yuan funding sentiment index reported 48 as of 4 p.m. on August 12, unchanged from 2:30 p.m. The index for large banks, mid-sized banks, and non-bank institutions stood at 47, 49, and 47 respectively, all flat. (The index ranges from 0 to 100, with 50 representing equilibrium and readings above 50 indicating funding stress.)

According to the IEA Monthly Report, OPEC+ increased crude oil production by 1.5 million barrels per day in July 2026.

According to IEA's July monthly report, non-OPEC+ oil production increased by 590,000 barrels per day in July, driven primarily by Qatar.

According to BlockBeats on August 12, Serenity's analysis of recent earnings reports from major optical communications companies confirms CW DFB laser supply bottlenecks. Lumentum reported unexpected demand and supply imbalances in ultra-high-power CW lasers, with CPO mass production planned to begin shipments in H2 2027. Applied Optoelectronics cited insufficient CW laser capacity, with lasers representing a bottleneck in a 20–40% supply gap, and noted customers request increased supply weekly.

According to ChainCatcher, Foxconn will begin shipping Nvidia's Vera Rubin platform starting in the fourth quarter.

According to the International Energy Agency's latest monthly report, global oil demand is projected to increase by 2.4 million barrels per day in 2027, exceeding the organization's previous forecast of 1.9 million barrels per day.

According to the International Energy Agency monthly report, observed oil inventories have decreased by 410 million barrels since the conflict outbreak.

According to LME data, copper inventories have declined for 40 consecutive days, marking the longest such streak since 2014. The sustained drawdown reflects sustained demand pressures in the global copper market.