Gate Crypto Flash News and Market Updates

According to KB Securities, Samsung Electronics stock recovered to 281,500 won on August 21 after a sharp decline of 49.5% from its June 19 high of 374,500 won to a July 29 low of 189,200 won. The stock has risen 48.8% from its recent trough. KB Securities analyst Kim Dong-won said the company could stabilize at the 300,000-won level in the near term if special dividends and earnings growth materialize.

According to Reuters, South Korea plans to submit legislation next month for a proposed Future Response Fund to accompany its 2027 budget proposal. The fund, estimated at more than 100 trillion won (approximately $72.28 billion), would use excess tax revenue to finance youth employment, housing, asset-building, marriage, and childbirth programs, alongside investments in AI, regional development, education, and talent development. The proposal comes as South Korea's youth unemployment rate reache

According to Upbit on August 21, South Korea's largest crypto exchange suspended deposits and withdrawals for MANTRA and listed it as a trading caution asset. The exchange cited unresolved or unrepaired security incidents affecting MANTRA's virtual asset wallets and distributed ledgers. Upbit determined the incidents posed potential user losses and designated MANTRA as a caution asset to protect investors.

According to Korea Exchange, Kakao submitted a preliminary review application for a split and re-listing on the securities market on August 21. The company plans to separate its Kakao Talk-based AI and advertising business through a corporate spin-off. Following the split, the remaining entity will focus on fintech, content, and mobility operations.

According to the London Metal Exchange, copper inventory decreased by 1,350 tonnes and zinc inventory fell by 1,275 tonnes today. Nickel inventory increased by 294 tonnes, while tin declined by 45 tonnes and lead dropped by 250 tonnes. Aluminum inventory remained unchanged.

According to Bank of America, $29 billion flowed into U.S. equity funds in the week ended August 19, marking the largest weekly inflow in three weeks. Global equity funds attracted $40.1 billion during the same period.

According to Jin10 Futures, as of 4 PM on Aug 21, the CNEX market-wide sentiment index stood at 49, down 4 points from 2:30 PM. By institution type, the index for large banks fell 4 points to 48, mid-sized banks dropped 5 points to 50, and non-bank institutions declined 3 points to 48. The index uses a 0–100 scale where 50 represents equilibrium and readings above 50 signal fund market tightness.

The European Central Bank lowered its revenue growth forecast for the coming year to 1% from 1.1%.

The European Central Bank's three-year inflation expectations for the eurozone in July came in at 2.7%, down from the previous expectation of 2.80%.

According to Yonhapnews, on August 18, Mikhaylo Fedorov, Ukraine's former Defense Minister, released a video criticizing the government's democratic governance and anti-corruption policies. "Democracy must not become a hostage to Russia," he stated, calling for wartime elections and highlighting structural governance crises. Fedorov was dismissed from his position last month following conflicts with the existing military command over defense procurement system reforms. He is credited as a key ar

According to an announcement by South Korea's Democratic Party on Aug 21, two-term lawmaker Min Byung-deok was appointed as deputy chief of the party's policy committee for economic affairs. The position gives Min oversight of legislative planning and cryptocurrency-related policymaking. Min is known for supporting the introduction of a Korean won-backed stablecoin with open issuance standards for both banks and non-banks, and for advocating against restrictions on major shareholders of digital

According to Goldman Sachs research on August 20, the investment bank raised CoreWeave's 12-month price target to $139 from $121, implying 53% upside, while maintaining a neutral rating. Q2 revenue met expectations with EBIT margin 200 basis points above consensus; 2026 revenue guidance exceeded market expectations by 1%. Revenue backlog grew 5% sequentially to $104 billion, with over $25 billion in new committed orders added since Q3. Active power capacity increased to 1.5 GW from 1 GW in Q1, w

Eurozone's August composite PMI initial reading came in at 52.1, exceeding the expected 51.7 and the previous month's 52, according to official economic data releases.

According to Goldman Sachs' strategy team led by Ben Snider, hedge fund flagship holdings significantly underperformed the S&P 500 in July by the largest margin since 2000, amid a pullback in AI-related stocks. The month also marked one of the steepest de-leveraging periods in the past decade for hedge funds, as they reduced positions in semiconductors and major AI-linked mega-cap tech stocks after increasing exposure to the sector in Q2.

Eurozone composite PMI came in at 52.1 in August, beating expectations of 51.7 and rising from 51.0 in July, according to the August preliminary data release.

Eurozone services sector PMI came in at 51.7 in August, matching the previous month's reading and exceeding the expected 51.5, according to preliminary data released on August 21.

Eurozone manufacturing PMI initial reading came in at 52.8 in August, exceeding the consensus forecast of 51.8 and rising from the previous month's 51.9.

According to HyperliquidNews, a new spot trading pair EQMETA was added today, with an initial purchase of 500 HYPE tokens valued at $36,900.

According to OKX, BOME surged over 30% today, breaking $0.0014 for the first time. The token is now trading at $0.00141.

According to Yonhap Infomax, HD Hyundai halted its review of establishing a joint venture with India's Kochi Shipyard to build a new ship block manufacturing facility on August 21. The two parties had signed a comprehensive memorandum of understanding in July 2025 for business cooperation. However, HD Hyundai said it will continue technical and business collaboration with Kochi Shipyard, including engine supply for small container vessels contracted between the shipyard and a French shipping com