Gate Crypto Flash News and Market Updates

According to BlockBeats, Alibaba released its Qwen 3.8-MAX artificial intelligence model on August 3, featuring 2.4 trillion parameters. The company stated that Qwen 3.8-MAX demonstrates performance comparable to Anthropic's latest model.

According to YonhapInfomax, S-Oil reported second-quarter 2026 revenue of 11.34 trillion won and operating profit of 965 billion won on August 3. The petrochemical division posted a loss of 44.8 billion won, while the lubricants segment hit a record profit of 477.4 billion won, offsetting declines from inventory-related factors in refining. The company is advancing its flagship Shaheen Project, a 9.3 trillion won investment targeting commercial operations in early 2027. The project will add 3.2

According to S-Oil's second-quarter earnings call on August 3, the South Korean oil company confirmed that the Shaheen project will begin commercial operations in early 2027, with preliminary and commissioning tests ongoing. The company aims to complete the startup scheduled for the second half without disruption. S-Oil reported inventory valuation gains of 113.7 billion won in the second quarter, primarily from the lubricating oil division, down significantly from 600 billion won in the first q

According to Michael Saylor, MicroStrategy's Strategy Chair, on August 1, the executive clarified that recent coverage misrepresented the company's Bitcoin sales plan as a new development. Saylor stated that MicroStrategy announced the Digital Credit Capital Framework on June 29, which permits—but does not require—BTC sales for specific purposes including USD reserve rebuilding, preferred stock buybacks, and share repurchases. The framework permits up to $5.1 billion in total capital allocation,

According to KODA, the South Korean digital asset custody firm signed a digital asset insurance contract with KB Insurance on August 3, securing maximum coverage of $40 million (approximately 6 billion Korean won). The policy protects customer-held digital assets against loss, theft, or damage. This represents double the previous domestic maximum of $20 million that KODA introduced as optional coverage in July 2025. The new coverage limit exceeds South Korea's legal minimum insurance standard of

According to Crypto in America, on August 1, the White House reviewed a bipartisan ethics amendment to the CLARITY Act (crypto regulation bill) negotiated by Republican Senator Tom Tillis and Democratic Senator Ruben Gallego over several weeks. The core dispute centers on enforcement authority. Democratic lawmakers are pushing for a provision allowing state attorneys general to sue the U.S. Department of Justice if it fails to enforce ethics rules against federal officials, similar to the struct

Coinone announced on August 3 the launch of its Voucher service, offering a comprehensive fee discount package for all users. Once registered through the app or web interface, customers can enjoy 30 days of benefits including a 0.04% trading fee discount on all assets—the lowest rate among South Korean digital asset exchanges, according to the company. Additionally, USDT maker orders are subject to zero trading fees during the 30-day period. The service can be re-issued unlimited times, with ren

According to Bonanza Factory, on August 3, the compliance firm signed a partnership with VerifyVASP, a global travel rule solutions provider, to build digital asset compliance infrastructure for domestic financial institutions. The collaboration addresses growing regulatory compliance and internal control demands as stablecoins and security tokens (STO) expand into the regulated financial sector. Under the partnership, Bonanza Factory will integrate VerifyVASP's travel rule and identity verifica

According to tech journalist Mark Gurman on August 3, Apple's upcoming iPhone models are expected to see price increases of $100 to $200. Gurman attributed the anticipated price hikes to memory chip and processor shortages, higher costs for new camera systems in iPhone 18 Pro and Pro Max models, and the premium design of the first foldable iPhone. The foldable iPhone is expected to carry a starting price of at least $2,000.

According to the AI Industry Development Alliance (AIIA), on August 3, the alliance's Token Service Working Group held a workshop on token cross-border flow and open cooperation. The working group will advance token cross-border flow mechanisms through five key initiatives, including developing a research report on cross-border token flow policies and technical constraints, and establishing dual compliance and technical standards. These standards will include guidelines for compliance requiremen

Korean retail investors purchasing U.S. stocks saw net inflows reach $4.6 billion in July, marking the highest level in six months, according to market data. The surge follows a slowdown in April and May amid the introduction of domestic investment accounts. Recent volatility in South Korea's stock market has prompted investors to shift focus toward overseas equities, driving increased purchases of U.S. stocks.

According to financial regulators and the Financial Supervisory Service, KOSDAQ market liquidity has sharply contracted in July 2026 as single-stock leveraged exchange-traded funds (ETFs) redirected investor capital to large-cap KOSPI stocks like Samsung Electronics and SK Hynix, even as the Financial Services Commission strengthened delisting standards. As of July 29, the number of penny stocks trading below 1,000 won surged to 221 across KOSPI and KOSDAQ (up from 202 on June 29), while compani

Asian semiconductor stocks fell sharply on August 3 morning. As of 10:40 AM, Samsung Electronics declined 7.62% to 242,500 Korean won, while SK Hynix dropped 7.57% to 1,588,000 Korean won. Taiwan's TSMC fell 2.27% to 237 New Taiwan dollars. Japan's Kioxia bucked the trend, rising 9%, standing alone against the sector decline.

According to the Financial Supervisory Service disclosure system, 195 exchange-traded funds (ETFs) exceeded their premium-discount ratio limits on July 31 as the KOSPI index surged 17.8%. The affected ETFs accounted for 16.8% of all 1,155 listed ETFs, with single-leverage funds among those most impacted by the sharp market movement.

According to an official announcement, Binance Futures will launch GIGADEVUSDT perpetual futures on August 3 at 13:30 (UTC+8).

According to Jin10, as of August 3, 10:30 a.m., precious metal bars from major Chinese banks and brands rose in price, with China Gold posting the largest gain at 6 yuan per gram compared to the previous day.

According to Wall Street analysts, Palantir Technologies' second-quarter revenue is projected to rise 81% year-over-year to $1.81 billion ahead of Monday's earnings report, while adjusted earnings are expected to surge 116% to $0.35 per share. Despite the strong financial outlook, PLTR stock has declined 41% from its peak last November. Analysts remain mixed on the outlook: 20 of 32 analysts rate the stock 'Buy' or higher with an average price target of $182.20, implying 40% upside, while retail

Japan's Finance Minister Kamiyu Katayama stated on Monday he is ready to implement foreign exchange intervention measures without hesitation if needed. He declined to comment on speculation regarding intervention actions conducted on Monday.

According to Shanghai Steelhome data released today (August 3), MMLC battery-grade lithium carbonate midpoint price dropped to 139,350 yuan per ton, down 3,250 yuan per ton from the previous day's 16:30 price.

Japanese Finance Minister Koji Katayama declined to comment today (Aug 3) on whether Japan conducted forex intervention.