Gate Crypto Flash News and Market Updates

According to Trump administration officials, the U.S. is considering delaying tariffs on solar panels and other polysilicon-related products that were originally scheduled for implementation in the coming months.

According to Coinbase CEO Brian Armstrong on X, the U.S. Senate obtained CLARITY a year ago, and lawmakers have completed negotiations on hundreds of pages of modifications and reached consensus on SEC and CFTC nominations. Both the crypto industry and banking sector have made compromises in the legislative process. Armstrong stated that the remaining issue is no longer negotiation, but whether certain groups will attempt to delay or block legislation that has gained broad bipartisan support. He

Japan's household spending fell 6.4% month-on-month in June, significantly below expectations of -3.1% and reversing the prior month's 3.7% increase.

According to Yonhapinfomax consensus data compiled from 14 domestic securities firms, Cosmax's U.S. subsidiary is projected to achieve its first quarterly profit in the second quarter of 2026, with operating income of approximately 18 billion won. The subsidiary's revenue is forecast at around 450 billion won, representing nearly 50% year-over-year growth. Overall, Cosmax is expected to report consolidated second-quarter revenue of 740 billion won, up 18.68% year-over-year, with operating profit

Japan's household spending declined 3.3% year-over-year in June, significantly below the expected increase of 1.0% and a steeper drop than May's -0.4%, according to government data.

According to Yonhapinfomax, South Korea's government bond futures fell overnight on August 7 as oil prices surged on uncertainty surrounding the Strait of Hormuz reopening. The 3-year contract declined 7 basis points to 103.32, while the 10-year contract dropped 30 basis points to 106.24. Brent crude oil October futures surged 3.83% to $82.49 per barrel, recovering above the $80 level for the first time in four trading days. U.S. Treasury yields also rose broadly, with the 10-year yield climbing

According to CNBC, on August 6, Maplebear, the parent company of Instacart, reported second-quarter revenue of $1.04 billion, exceeding Wall Street's forecast of $1.03 billion. The stock surged 9% in after-hours trading to $49.08. Total gross transaction volume (GTV) increased 14% year-over-year, while total orders rose 9% to 90.3 million. Despite missing adjusted earnings per share guidance at $0.45 versus expected $0.54, investors focused on the company's strong revenue growth and cash generat

According to Yonhapinfomax, Naver reported Q2 operating profit of 520.3 billion Korean won on August 7, missing market expectations by 7.9%. The company posted Q2 revenue of 3.3888 trillion won, up 16.2% year-over-year, while operating profit declined 0.2% from the same period last year. Revenue matched analyst forecasts of 3.3571 trillion won, but operating profit fell short of the expected 564.8 billion won.

According to CNBC, on August 6, AMD acquired Taalas, a Toronto-based startup developing custom AI inference chips. Taalas has raised $219 million in venture funding since its 2023 founding and specializes in creating hardware-optimized chips tailored to specific AI models. The company claims its chips can generate outputs thousands of times faster than traditional GPUs. AMD plans to integrate Taalas's chip technology and platforms into its CPU and Instinct GPU systems. The acquisition price was

The US Bureau of Labor Statistics releases its July nonfarm payrolls report today, with economists forecasting a gain of 83,000 jobs and unemployment steady at 4.2%. Bitcoin traders are watching for a repeat of June's reaction, when a weaker-than-expected 57,000-job report triggered a 4% rally that faded by month-end. BTC was trading at $64,305 at time of writing.

According to independent researchers and Galaxy Research, a critical random number generator (RNG) flaw in Coldcard hardware wallet firmware versions 4.0.1 through 4.1.9 allowed attackers to reconstruct private keys offline and steal approximately 2,055 BTC (roughly $130 million) starting July 30, 2026. In the initial attack wave on July 30, over 1,082 BTC (about $68 million) was drained in approximately 41 minutes. Additional theft waves continued through August 3, affecting more than 7,300 com

Federal Reserve official Musalem recently stated that the U.S. labor market remains strong and near full employment, with unemployment hovering between 4.2% and 4.4%. His remarks underscore the Fed's continued focus on its dual mandate of price stability and full employment. Payroll growth was characterized as solid but modest, while inflation concerns persist above the Fed's 2% target.

Solana processed $650 billion in stablecoin transactions in February 2026, the highest monthly stablecoin volume ever recorded on any blockchain and the first time surpassing Ethereum. The volume doubled Solana's previous record set in October 2025. The surge was driven by new institutional activity, including Jupiter's launch of JupUSD backed by BlackRock's BUIDL fund, and BlackRock clearing $550 million onchain through the network. Non-USDC and non-USDT stablecoins surged nearly 10x on Solana

According to OilPrice.com, UK fuel theft is surging amid Middle East conflict escalation, costing approximately $270,000 daily. Petrol prices have climbed from 131.7p to 157.6p per litre, while diesel rose from 141.5p to 191.2p per litre, driven by geopolitical tensions rather than supply shortages. Prediction markets are pricing crude oil reaching all-time highs by September 30 at 3.9% probability, reflecting heightened concerns over potential new oil price records.

According to Business Insider, Nvidia assembled a new AI safety and network engineering team last month (late July), with job openings for senior engineers, security researchers, assessment engineers, and senior managers. The team will conduct safety assessments on AI agents before deployment and develop tools using AI to automatically fix software vulnerabilities. In job descriptions, Nvidia emphasized that open-weight models, technical transparency, and broad scientific review are essential fo

According to Syrian state TV citing the health ministry of the transitional government, a minibus exploded in rural Damascus on August 6, killing at least 2 people and wounding 13 others. Local authorities classified the incident as a terrorist attack.

President Trump signed two executive orders on August 6 to restrict the scope of birthright citizenship and ban 'birth tourism'—the practice of traveling to the United States to give birth in order to obtain U.S. citizenship for newborns.

Bitmine Chairman Tom Lee warned that Bitcoin has yet to reach consensus on quantum defenses, citing research suggesting a potential "Q-day" breakthrough as early as 2028. Lee noted that other networks including Ethereum and Solana are already developing quantum-resistant systems, while Bitcoin developers continue to debate approaches such as BIP-360. The warning echoes remarks from IBM CEO Arvind Krishna, who told CNBC's Jim Cramer that investors should exercise caution within three to four year

According to Iran's state news agency, Iran unveiled draft conditions for Hormuz Strait passage on August 6, prohibiting vessels from the U.S., Israel, and other hostile nations from transiting the waterway. The draft stipulates that Israel-related cargo is banned under any circumstances, and nations or entities that harmed Iran must pay compensation before passage rights are restored. Violating vessels face fines equivalent to 20% of cargo value. International crude oil prices surged over 4% fo

According to CNN and CNBC, SpaceX shares jumped 9% to close at $114.92 on August 6 following the expiration of the first major lockup period since the company's IPO in June. The unlock made approximately 911.5 million shares held by company executives and early investors available for trading—roughly 270 million more shares than were released during the initial public offering. Despite market concerns that the lockup expiration could trigger significant selling pressure, early investors chose to