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
23:15

Burger King Reclaims No. 2 U.S. Burger Chain Spot After 6 Years, Wendy's Posts 7% Same-Store Sales Decline

According to latest Q2 earnings reports, Burger King has reclaimed the No. 2 position in the U.S. burger market after six years, surpassing Wendy's by system-wide sales. Restaurant Brands International reported Q2 same-store sales growth of 8.5% for Burger King in the U.S., marking the fifth consecutive quarter of expansion. Conversely, Wendy's reported a 7% same-store sales decline in the same quarter, extending its streak of six consecutive quarters of U.S. sales contraction. McDonald's remain
More
23:13

Crocs Stock Surges 60% Year-to-Date on Strong Asia Expansion, Q2 Earnings Beat Expectations

According to its Q2 earnings report released on July 30, Crocs stock has surged from $85 to $136 year-to-date, up approximately 60%, driven by explosive growth in Asian markets. The Nasdaq-listed footwear company posted second-quarter revenue of $1.179 billion, up 2.6% and marking record quarterly performance. Adjusted earnings per share reached $4.55, up 7.6%, as the Crocs brand alone exceeded $1 billion in quarterly sales for the first time. The company raised its full-year EPS guidance to $13
More
23:11

Ethereum Whale Capitulates After 3 Years, Losses Exceed $19 Million on 7,323 ETH Sale

According to Lookonchain, an Ethereum whale sold 7,323 ETH this week, pushing cumulative realized losses above $19 million. The whale accumulated ETH at an average price of $2,723 between February 2022 and March 2023, then staked the holdings rather than trading around them. The exit price of roughly $1,906 per token represents a loss of approximately 30% against the whale's cost basis, even accounting for staking rewards accrued over the multi-year hold, per Arkham data.
ETH0.09%
23:07

Three New ETFs Launch in South Korea on August 11, Focusing on U.S. Space Infrastructure and Semiconductors

According to Korea Exchange, three new exchange-traded funds will launch on the Korea Exchange on August 11. KB Asset Management's 'RISE U.S. Space Satellite Communications' ETF will invest in 10 U.S. space infrastructure and satellite communication companies. Korean Investment Trust Management's 'ACE Semiconductor Plus Strategy Industry' ETF will invest in 10 stocks across five industries including semiconductors, shipbuilding, defense, and nuclear energy, with semiconductors allocated at least
More
23:04

U.S. Nonfarm Payrolls Fall 23,000 in July; Dollar Index Drops 0.44% on Fed Rate Pause Bets

According to the U.S. Department of Labor, nonfarm payrolls declined by 23,000 in July, contrary to economist expectations of a 50,000 increase, weighing on the dollar on Friday (August 7). The ICE Dollar Index (DXY) fell 0.44% to 99.50, marking a second consecutive week of losses. The softer employment data dampened expectations for Fed rate hikes. CME FedWatch data showed market odds of the Fed holding rates steady in September rose to 56% from 45% the previous day. Meanwhile, the euro strengt
More
22:43

SK Hynix Announces 375 Won Dividend, Commits to Additional Shareholder Returns Plan in Q3

According to a filing with South Korea's Financial Supervisory Service on August 7, SK Hynix announced a quarterly dividend of 375 won per ordinary share, totaling approximately 273.3 billion won, while pledging to establish and announce additional shareholder return measures by the end of the third quarter. The stock fell 4.88% during regular trading on the same day but recovered losses to minus 1% in after-hours trading. Global investors and analysts attributed the decline to perceived delays
More
22:37

South Korea's Low-Price Stock Crackdown: 48 Companies at Risk, 10.6% of KOSDAQ Under Pressure

According to Korea Exchange and Financial Supervisory Service disclosures on July 7, 48 companies (38 KOSDAQ, 10 KOSPI) issued delisting risk notices after share prices fell below 1,000 Korean won for 25 consecutive trading days. The new rule, effective July 1, mandates management-listed status if prices remain below 1,000 won for 30 consecutive trading days. As of August 7, 163 companies trade below this threshold, with 194 KOSDAQ-listed firms failing market capitalization requirements—10.6% of
More
22:28

S&P 500 Hits Record High With 3.6% Weekly Gain on Weaker Jobs Data, Rate-Cut Bets Rise

The S&P 500 hit a record high on Friday (August 7) with a weekly gain of 3.6%, marking its best week since April, as July U.S. nonfarm payroll unexpectedly fell 23,000 against expectations of a 23,000 gain. The jobless rate dropped to 4.1%, lower than the forecasted 4.2%. CME FedWatch data shows traders now expect the Federal Reserve to hold rates steady in September at 3.50-3.75%, down from a 55% rate-hike probability just one day prior. The Nasdaq composite jumped 5.2% for the week, while the
More
22:26

Bitcoin Blockchain Splits on Saturday as BIP-110 Supporters Fall Behind Main Chain by 7 Blocks

According to The Block, Bitcoin's blockchain split on Saturday at block 961,632 as nodes running the BIP-110 proposal began rejecting blocks that did not signal support for the controversial anti-spam measure restricting data like Ordinals inscriptions. By 6 p.m. ET, Bitcoin's main chain had reached block 961,640 while the BIP-110 chain remained at block 961,633. The split reveals minimal miner backing for BIP-110. During the two-week activation period prior to Saturday, only 51 blocks signaled
More
BTC0.09%
22:16

Hanwha Group Completes Spin-Off, Share Count Drops 24% While Market Value Gains

According to Yonhapinfomax, on August 1, Hanwha Group completed a personnel restructuring, spinning off tech and lifestyle divisions into newly established Hanwha Machinery & Service Holdings (Hanwha M&S) and transferring approximately 900 billion won in assets. The split transfers lifestyle subsidiaries including Hanwha Vision, Hanwha Momentum, Hanwha Galleria, Hanwha Hotels & Resorts, and Auroume to the new entity. Following the restructure, Hanwha's issued shares decreased from 70.5 million t
More
22:16

U.S. Market Awaits July CPI Data This Week; 3.4% Inflation Expected

According to market expectations, U.S. financial markets are focusing on July inflation data to be released this week, particularly the Consumer Price Index (CPI) on August 12. The market anticipates July CPI to rise 3.4% year-over-year, slightly lower than June's 3.5% but still significantly above the Federal Reserve's 2% target. Meanwhile, Berkshire Hathaway reported second-quarter net income of $25.67 billion, representing a 107.5% increase compared to the same period last year.
21:57

US Central Command Chief Visits Israel to Discuss Multi-Front Situation on August 8

According to Israel's Public Broadcasting Corporation, U.S. Central Command Chief Brad Cooper arrived in Israel on August 8 to meet with Israeli military leadership and assess the multi-front situation. Cooper met with Israeli Defense Forces Chief of Staff Zamir and other senior commanders, discussing the situation in Gaza and regional military operations. The U.S. military maintains high-level readiness across the Middle East, with dozens of American aerial refueling tankers, fighter jets, air
More
21:57

China's Largest Bohai Gas Field Begins Full Production with 5,200 Tons Daily Output

According to China National Offshore Oil Corporation (CNOOC), the Bohai 19-6 giant gas field Phase I project commenced full production on August 9, with daily output exceeding 5,200 tons of oil-gas equivalent. The project has proved natural gas reserves exceeding 200 billion cubic meters and oil reserves surpassing 200 million cubic meters.
21:52

Bitcoin Chain Splits at Block 961632 as Antpool, Roughnecks Mine Rival Blocks on Aug. 8

According to bitcoin.com, on Aug. 8 at approximately 4 p.m. EDT, Antpool and Roughnecks mined competing versions of Bitcoin block 961632, causing a chain split. The fork coincided with a 0.99% difficulty adjustment. Mempool.space data shows Antpool's block on the main chain, which has since advanced to block 961634, while the BIP-110-supporting chain remained stalled at 961632 with limited hashrate. Depending on mining support, the BIP-110 chain could remain frozen for days unless supporters imp
More
BTC0.09%
21:37

South Korean Securities Firms' CP and Commercial Paper Issuance Surges 170% Year-over-Year to 723.8 Trillion Won

According to Yonhapnews, South Korean securities firms' combined issuance of commercial paper (CP) and ultra-short-term commercial paper (전단채) reached 723.8 trillion won through August 4, 2026, representing a 170.4% increase from 267.7 trillion won in the same period last year. Ultra-short-term securities, typically maturing within five days, accounted for the majority of the surge, climbing 172.6% from 244.6 trillion won to 666.8 trillion won. Peak issuance occurred in May at 165.5 trillion won
More
21:31

Blash Asset Management CEO Recommends 50-50 Portfolio Split: Cut Semiconductor Exposure, Add Biotech for H2 2026

According to an interview with Daily Economy, Baek Ji-yoon, CEO of Blash Asset Management, recommended a restructured investment portfolio for the second half of 2026. He proposed allocating 50% to Samsung Electronics and 50% to Kosdaq biotech stocks and small-cap names, citing anticipated broadening of market inflows beyond the semiconductor sector that dominated H1 2026. Baek noted that while large-cap semiconductor shares rallied significantly in H1, near-term consolidation is expected. He hi
More