Gate Crypto Flash News and Market Updates

According to Jin10 Futures, China's domestic liquefied petroleum gas prices declined and then rebounded in August, falling 164 yuan/ton from late July to an average of 5,839 yuan/ton as of August 18. Early-month price drops were driven by Middle East tensions easing and crude oil declining, but the persistent closure of the Strait of Hormuz triggered a rebound. Rising crude oil prices and strong chemical sector demand supported the recovery, with domestic refinery output increasing gradually and

According to South Korea's Foreign Minister Cho Hyun, on August 19, the government is working closely with the U.S. to prevent weakening of the South Korea-U.S. alliance amid concerns that Seoul may be excluded from North Korea negotiations. Cho stated that the scheduled reduction of joint military exercises with the U.S. is at American request and will not delay the transfer of wartime operational control to South Korea.

Hong Kong Exchanges and Clearing released its H1 2026 interim results on August 19, posting net profit attributable to shareholders of HK$10.568 billion, up 24% year-over-year. Revenue and other income totaled HK$16.702 billion, up 19%. Basic earnings per share reached HK$8.36, with an interim dividend of HK$7.43 per share. Trading volumes across the group's spot market, derivatives market, and Stock Connect programs all hit six-month highs. The London Metal Exchange also recorded record semiann

According to Junghwan Lim, CEO of South Korean AI startup Motif Technologies, the company has developed its latest large language model Motif 3 using $25 million in government-backed Nvidia B200 GPUs. Motif 3 scored 47 points on the Artificial Analysis Intelligence Index, significantly exceeding average performance among comparable models and matching Alibaba's Qwen 3.7 Max.

According to FASB, on Tuesday, the Financial Accounting Standards Board proposed guidance for when companies may classify certain stablecoins as cash equivalents under U.S. accounting principles. The proposed update would add illustrative examples to clarify the treatment of digital assets. A qualifying stablecoin must have an on-demand contractual redemption right with its issuer for a known cash amount and at least one-to-one segregated reserves held in short-term, highly liquid assets. The pr

According to Yonhapinfomax, South Korea's Deputy Prime Minister and Finance Minister Gu Yun-chul announced today (August 19) that foreign exchange regulations will be significantly relaxed. Foreign bank branches' overseas borrowing reporting threshold and consolidated fund management limits will be raised from $5 million to at least $100 million. Gu made the announcement at a Korea-U.S. Chamber of Commerce roundtable in Seoul. He also stated that South Korea's real economic growth rate is projec

According to Financial Times, Iran is considering potential military strikes on European targets should the U.S. escalate conflict, according to sources familiar with the matter. The decision would represent a significant shift in Iran's strategic posture, potentially drawing European nations into an active conflict.

According to Zhitong Finance, Hong Kong's Hang Seng Index rose 0.24% (62 points to 25,533) in morning trading on August 19, while the Hang Seng Tech Index fell 0.82%. Morning trading volume reached 129.3 billion Hong Kong dollars. AI hardware stocks declined across the board, with Cambridge Technology down 12.18%, GigaDevice down over 7%, Fiberhome down 9%, and Accelink down 9.73%. The sector weakness coincided with reports of OpenAI's slowing second-quarter revenue growth and expanded losses, a

According to Jin10, foreign investors' net purchases in major Asian bond markets declined to $2.03 billion in July, marking the lowest monthly level since March. The figure covers combined purchases across India, Indonesia, Malaysia, South Korea, and Thailand, reflecting investor caution amid Middle East tensions and rising oil prices. Despite the slowdown in Asia, emerging market debt globally attracted $26.7 billion in inflows during the same period, while emerging market equities saw $780 mil

According to LSEG analyst survey, Target is expected to report fiscal second-quarter earnings Wednesday morning with earnings per share of $2.33 and revenue of $26.14 billion expected. The retailer's latest earnings come as CEO Michael Fiddelke pushes a turnaround strategy focused on inventory and product selection improvements. In the prior quarter, Target reported its first positive same-store sales in five quarters, jumping 5.6%, prompting the company to raise full-year revenue guidance despi

According to Jin10, China's National People's Congress Standing Committee Chairman Zhao Leji met with Ecuador President Noboa in Beijing on the morning of August 19. Zhao expressed China's willingness to work with Ecuador to implement the important consensus reached by the two countries' leaders, deepen practical cooperation across sectors, and elevate bilateral relations. Zhao noted that China's national legislature aims to strengthen multi-level exchanges with Ecuador's parliament and deepen c

According to ChainCatcher, Mekabot (Xiong'an) Robotics Technology Co. passed Hong Kong Bourse listing hearing on August 16, becoming the first enterprise registered in Xiong'an New Area to obtain approval. The company, founded in 2016 by a Tsinghua alumni team and relocated to Xiong'an in 2024, positioned itself as the first globally in AI+3D vision-guided general-purpose intelligent robot components with 22.1% market share in 2025. Revenue grew to 389 million yuan in 2025 from 181 million yuan

According to Reuters, a U.S. antimony and tungsten producer has been selected by the U.S. Department of Energy to negotiate a potential contract valued up to $18 million for the ASCEND-SB project.

According to Bloomberg, TikTok is developing a peer-to-peer payment feature that would allow users to transfer funds via private messages, with evidence found in the U.S. version of TikTok's app code. The feature's interface design is nearly complete, enabling recipients to click to accept payments and senders to attach text messages, similar to PayPal's Venmo. TikTok confirmed the feature is 'currently not in testing in any market,' though the code's existence, combined with active hiring in fi

According to Jin10, the Philippine peso hit a historic low against the U.S. dollar on August 19, pressured by rising oil prices. Brent crude climbed over 5% in the past four days. Since the Philippines imports nearly all its oil, the peso is vulnerable to energy cost fluctuations. Year-to-date, the peso has depreciated over 5%, ranking among Asia's worst-performing currencies. The country's foreign exchange reserves have declined nearly 7% this year to $103 billion.

According to Coinglass data, Binance recorded net inflows of $242 million USDT in the past 24 hours.

According to Jin10, China's gold jewelry prices fell approximately 21 yuan per gram on August 19, with most brands' prices now trading between 1,311 and 1,318 yuan per gram compared to the previous day.

According to Farside Investors data, U.S. Bitcoin spot ETFs saw net inflows of $189.3 million yesterday (August 19), with Grayscale IBIT accounting for $143.6 million. Ethereum ETFs received $71.4 million in net inflows, with ETHA capturing $64.7 million.

According to the Financial Times on August 19, China approved the import of Nvidia H200 chips to support leading Chinese AI companies in competing with U.S. rivals. ByteDance and Tencent each received approximately 10,000 H200 units in recent weeks, with several other Chinese technology firms expected to secure similar quantities shortly.

According to Thai Industrial Union, the country's industrial confidence index reached 90.0 in July, up from 88.2 in June, reflecting a month-on-month increase of 1.8 points.