Gate Crypto Flash News and Market Updates

According to Elon Musk on SpaceX's first earnings call on Tuesday, the company will build its artificial intelligence systems exclusively on Nvidia chips going forward. The announcement, which locked out AMD and other rivals, sent SpaceX stock down 14% on Wednesday while Nvidia rose 3.4% and AMD fell 6%. SpaceX beat earnings expectations with revenue rising 92% year-over-year to $7.8 billion and AI sales up 247%. However, the exclusive Nvidia commitment raised concerns about rising capital spend

According to Goldman Sachs, strategist Timothy Moe reaffirmed on August 4 the bank's 12-month KOSPI target at 12,000 despite recent market weakness in South Korean equities. The bank characterized the recent decline as a correction within a longer-term bull market rather than a trend reversal, maintaining a positive outlook on Korean stocks and expanding its overweight position in the market.

Spotex has integrated its institutional digital asset venue with BitGo's Go Network, enabling eligible clients to trade through the Spotex electronic communication network while their assets remain in regulated BitGo custody. The integration separates trade execution, asset custody and settlement—functions that exchanges have historically combined. Spotex operates solely as the execution venue and does not act as principal to transactions, while BitGo provides custody, prime services and post-tr

Google Chief Scientist Jeff Dean is departing after 27 years to co-found Discovery Loop, an independent AI research company that Alphabet will fund, according to CEO Sundar Pichai's memo released Thursday. Jeff Dean, senior fellow Sanjay Ghemawat, former DeepMind VP Oriol Vinyals, and Google Brain co-founder Quoc Le are joining the startup. Alphabet shares fell as much as 5% immediately after the announcement, settling near 4% down in pre-market trading on Thursday, wiping over $100 billion in m

According to FinanceFeeds Awards, IQ Option was awarded the Best Islamic Trading Account 2026, recognizing the platform's Shariah-compliant trading solution. The award highlights IQ Option's commitment to providing transparent terms, fair pricing, and access to the same platform features as standard accounts while adhering to Islamic finance principles.

According to ASIC, GFA Capital Markets has had its Australian Financial Services licence suspended for five months, effective from July 23 through December 18, 2026, after the regulator identified multiple breaches involving client money handling, derivative transaction reporting and compliance systems. ASIC found that GFA failed to properly segregate client funds from company money, mixed non-client money with client assets and breached obligations under the ASIC Derivative Transaction Rules (R

Novig obtained Designated Contract Market approval from the U.S. Commodity Futures Trading Commission this week and launched nationwide sports prediction market trading, according to an announcement from Tölt Strategies. Tölt, founded by former CFTC official Dorothy DeWitt, played a key advisory role in the approval process, which Tölt described as among the fastest in CFTC history. The federal regulatory framework allows Novig to operate under a single national standard overseen by the CFTC rat

KuCoin Pay launched a gift card solution today (August 6) that enables businesses to distribute USDT and USDC to users worldwide. The service supports bulk issuance and API integration, allowing organizations to use stablecoin transfers for customer rewards, promotional campaigns, employee incentives, and community engagement. Recipients can redeem the cards via KuCoin and retain flexibility to hold, transfer, or use the assets within the platform's ecosystem.

According to Bernstein, the firm reiterated its outperform rating on Circle on August 6, with a $140 price target, citing the company's second-quarter earnings as evidence against market concerns about competitive pressure and declining reserve revenue. Analysts suggested the market may underestimate Circle's distribution capabilities, regulatory standing, and additional revenue streams from its Layer 1 network Arc.

According to China's Foreign Ministry spokesman Lin Jian, on August 6, deep-sea exploration activities in the Pacific Ocean serve peaceful purposes and strictly comply with international law. The ministry aims to enhance global scientific understanding of the ocean and promote international collective interests. This response addressed questions regarding the research vessel Xiangyang Red 6 approaching Japan's exclusive economic zone near Minami-Torishima Island, as well as China's aircraft carr

According to Bank of England analysis published on August 6, artificial intelligence is raising productivity at UK companies that develop and deploy it, but at the cost of employment opportunities. Over the past three years, job vacancies in professions most exposed to AI have declined 15%, while those moderately affected fell 10% and less-exposed roles dropped 6%. Customer service and administrative positions have been hit hardest, with vacancies down over 20%, according to the central bank's b

According to Bitcoin News, a recent community honeypot test of Coldcard Mk3 wallets showed that attackers continue to prioritize the most easily compromised targets. Researcher @ColeTU funded 5 affected Mk3 wallets: one with only the vulnerable seed phrase, three protected by BIP39 passphrases of 1, 2, and 3 words respectively, and one using a random account index. Within 14 hours, only the unprotected wallet containing just the seed phrase was drained. Data from @jamesob's real-time tripwire da

According to Iran's intelligence authorities, the Kerman Province intelligence agency arrested 21 Israeli Mossad operatives and 4 individuals with alleged links to armed groups on August 6.

According to PANews, Step App announced on August 6 that the project will officially close after four years of operation. All services will cease on August 21, requiring users to unstake locked tokens and manage their exchange positions before the deadline. The platform accumulated over 1 million downloads and tracked billions of steps, contributing to the Move-to-Earn ecosystem.

According to China's Foreign Ministry spokesperson Lin Jian on August 6, Beijing is open to strengthening dialogue and communication with U.S. law enforcement agencies. This response followed FBI Director Patel's statement on August 5 proposing cooperation between China, Russia, and the U.S. to combat transnational crime. Lin Jian said China is willing to advance law enforcement cooperation with the U.S. on the basis of equality, mutual respect, and reciprocity, though he deferred specific quest

Bybit launched three U.S. stock perpetual contracts today: Uber (UBERUSDT), Novo Nordisk (NVOUSDT), and Cloudflare (NETUSDT), with up to 25x leverage. During the launch period, limit orders are charged 0% fees and market orders receive a 50% fee discount.

According to Hong Kong Exchanges and Clearing (HKEx) filings, Xiaomi Group repurchased 1.862 million Class B shares for approximately HK$50 million on August 6.

On August 6, the 81st anniversary of the atomic bombing of Hiroshima, Chinese Foreign Ministry spokesperson Lin Jian opposed Japan's efforts to revise its non-nuclear principles and pursue nuclear sharing with the United States. Lin stated that nuclear weapons' disasters and tragedies should never be repeated, and Japan's history of military aggression must serve as a lasting warning. He criticized Japanese right-wing forces for attempting to whitewash Japan's invasion and the millions of casual

According to Bloomberg, Germany is considering nominating Bundesbank President Joachim Nagel to compete for the European Central Bank presidency, as speculation mounts that current ECB President Christine Lagarde may step down early. German Finance Minister Lars Klingbeil, both from the Social Democratic Party, supports the candidacy, while conservative Chancellor Friedrich Merz has yet to take a position. Nagel's potential nomination reflects Berlin's push to secure the top role at Europe's cen

According to BlockBeats, on August 6, major analysts adjusted AMD price targets after the company released quarterly earnings, with sentiment mixed amid high market expectations. Wells Fargo delivered the most optimistic update, raising its target from $615 to $700, expecting earnings could significantly exceed prior 2029-2030 estimates. Jefferies raised its target to $650 and maintained a buy rating, while Mizuho cut its target from $625 to $580 but kept an outperform rating. Overall, analysts