Gate Crypto Flash News and Market Updates

According to political sources, South Korea's Financial Services Commission and ruling Democratic Party are advancing the so-called "MBK Prevention Law" to regulate private equity funds (PEFs) as a key legislative priority for the second half of 2026. The industry has raised concerns about alleged "reverse discrimination" against domestic PEFs, arguing that regulations designed to target MBK Partners following the Home Plus restructuring case could unfairly restrict local firms.

According to BlockBeats, AI weather technology company WindBorne Systems completed a $37 million Series B funding round yesterday (August 5), led jointly by Khosla Ventures and Galvanize, at a post-money valuation of $250 million. The company deploys long-endurance weather balloons to collect meteorological data for government clients, with AI prediction models processing the information. Currently, WindBorne operates approximately 600 balloons across 20 global launch sites.

According to BlockBeats, South Korea's Ministry of Science and Technology and Industrial Bank of Korea signed a cooperation agreement on August 5, jointly establishing a 1 trillion won AI Infrastructure Fund dedicated to next-generation AI data centers and energy infrastructure. The fund aims to identify and invest in quality AI infrastructure projects. The collaboration marks the two institutions' first joint investment in roughly 20 years, following their 2006 partnership on infrastructure pro

According to the Korean Exchange, South Korea's three major battery makers—Samsung SDI, LG Energy Solution, and SK Innovation—rallied today (August 5) after all three posted turnaround profits in the second quarter, marking recovery from the electric vehicle market slowdown. Analysts cited growing policy support, including discussions around a Korean-equivalent inflation reduction initiative, as additional upside drivers.

According to Reuters, JPMorgan Chase CEO Jamie Dimon is urging banks, technology companies and critical infrastructure operators to work together on artificial intelligence risks, as the Trump administration finalizes new frontier AI guidelines. Dimon's outreach began in July and spans more than 40 companies across financial services, energy, water, utilities, telecommunications, airlines and railroads. The effort aims to help companies share intelligence on AI threats and collaborate with the T

According to Seoul Econ, the South Korean won strengthened to 1,424.5 per U.S. dollar on August 5, falling 8.0 won from the previous day's close, as U.S. Treasury Secretary Scott Bessent signaled support for Japan's defense of the weakening yen. Bessent stated on CNBC that the U.S. would do "whatever is needed" to support Japan in a manner beneficial to the U.S. economy and global stability, while noting concerns about excessive volatility in the Korean won. The won's gains were also supported b

Walt Disney reported on Wednesday (August 5) that its fiscal third quarter (ended June 27) adjusted earnings per share hit $2.06, beating Wall Street expectations of $1.86. Revenue reached $25.2 billion, slightly below forecasts but operating income of $5.56 billion exceeded estimates of $5.24 billion. Disney's entertainment segment operating income surged 64% to $1.7 billion, driven by strong box office performance from Toy Story 5 and The Devil Wears Prada 2, as well as Disney+ and Hulu subscr

According to TASNIM news agency, Iran's Foreign Minister Alaghi will visit Pakistan on Friday (August 7).

According to Foresight News, a Polymarket prediction that the CLARITY Act (H.R.3633) will be signed into law by 2026 has fallen to 13%, the lowest level since the market's inception, declining 14% in 24 hours. The Senate has not scheduled a vote on the bill, with the chamber adjourning on August 10 and not returning until September 14. The market has recorded approximately $4.57 million in cumulative trading volume.

According to the Kremlin website, Russian President Vladimir Putin met with defense ministry leadership on August 5 and announced a series of personnel changes. The reshuffle includes appointing former "Central" military group commander Valery Solodchuk to lead all defense ministry logistics units; designating former "Eastern" group commander Andrey Ivanayev as commander of the "Central" troop cluster; assigning former "Eastern" group chief of staff Pyotr Bolgakov as acting commander of the East

According to Bitcoin.com News, Coldcard hardware wallet theft losses topped $116 million this week, with a fourth wave moving 388.9 BTC on Sunday evening. Developer James O'Beirne's tripwire wallet containing no added entropy was swept by attackers within an hour, confirming continuous scanning of vulnerable seed space. The device vulnerability, stemming from a March 2021 firmware bug, generated recovery seeds with roughly 40 bits of entropy instead of 128. Bitcoin held near $64,000 despite the

According to Johnson Associates, investment banking and commercial banking professionals' bonuses are expected to rise 10%-15% following strong Q2 results by major U.S. banks. Stock traders and M&A advisors are anticipated to see even larger increases, as robust equity trading, wealth advisory, and underwriting activities drove the sector's outperformance.

According to China Economic Daily, Duan Yongping's stake in Pop Mart held through H&H International Investment fell from 7.65% to 5.55% on July 30, a decline of 2.1 percentage points. Pop Mart clarified that the reduction resulted from options contract fulfillment rather than direct secondary market selling. The company stated that Duan executed a predefined options strategy involving selling put and call options at preset price levels, resulting in the automatic delivery of shares when the stoc

According to UAnalyze, AXT (AXTI-US) reported Q2 2026 revenue of $47.6 million, exceeding consensus expectations by 39.97% and surpassing the company's prior guidance by approximately $13.6 million. The outperformance was driven by a significant increase in export license approvals in the quarter. Management stated that export licensing procedures in certain regions have become more routine and faster. The company is also submitting additional license applications to China's Ministry of Commerce

According to SEC filings, TeraWulf reported Q2 2026 revenue of $44.767 million, with HPC leasing revenue accounting for $31.932 million, or approximately 71% of total revenue. The company's Lake Mariner facility in New York has 102 megawatts of revenue-generating IT capacity online, with an additional 336 megawatts under construction. TeraWulf signed a 20-year data center lease with Anthropic at its Justified campus for approximately 401 megawatts, with an initial contract value of around $19 bi

According to Ethereum developers, a new proposal submitted on August 4 would burn validator rewards if staking reaches half of ETH's total supply. EIP-8361, called a tapered issuance burn, introduces a rising deduction on validator duties that scales with the staking ratio, ultimately canceling consensus yield entirely at approximately 60.25 million ETH staked—roughly half the current supply. Co-author Jérôme de Tychey cited an urgent window for action, noting the validator entry queue is adding

According to Galaxy Digital's Q2 2026 earnings report, the company's net loss narrowed to $85.31 million from $216.3 million in Q1. As of June 30, Galaxy Digital held $2.459 billion in cash and stablecoins.

According to MSX data, SpaceX shares declined 12% in premarket trading on August 5 following the company's first earnings release. The report showed revenue surged 92%, significantly exceeding expectations. While AI-related losses narrowed, spending in that segment exceeded projections.

According to PANews, COLDCARD fixed a user interface bug affecting temporary seed phrase display on COLDCARD Q devices on August 5. The issue, which appeared when users generated seeds via the dice-roll function, was a display error rather than a seed generation logic problem. The updated firmware version 1.3.4Q, released September 30, 2025, eliminates the related risk.

According to Galaxy Digital's Q2 2026 earnings report, the company reported a net loss of $85.31 million, narrowing significantly from Q1's $216.3 million loss. The data center division achieved profitability for the first time, with adjusted EBITDA of $11.49 million, as the 133 MW Helios data center site's first phase was fully delivered to CoreWeave. Galaxy projects the Helios facility will contribute approximately $80 million in quarterly lease revenue starting Q3, with adjusted EBITDA margin