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
22:52

SecondFi Renews Bounty Offer After $16.1M ADA Cardano Exploit Affecting 374 Wallets

According to SecondFi, the platform has renewed its bounty offer to recover 16.1 million ADA stolen in a June exploit. The validated data shows the attack affected 374 wallets and stemmed from a key-generation vulnerability in wallet security infrastructure. SecondFi secured 129 million ADA during containment efforts. Security researchers at Groom Lake observed behavior resembling techniques previously associated with North Korea's Lazarus Group, though attribution remains unconfirmed. SecondFi
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ADA-1.29%
22:43

South Korean Retail Investors Pour $2.3B into 3X Semiconductor ETF in July Amid Kospi Volatility

According to Korea Exchange and Korea Securities Depository, South Korean retail investors shifted $4.176 billion into U.S. stocks during July 1-28, roughly six times the $633 million net purchases in June. Of this, $2.335 billion flowed into the Direxion Daily Semiconductors Bull 3X Shares ETF (SOXL), making it the most-bought individual security for the month. Current holdings by Korean investors stand at approximately $4.8 billion. Market analysts attribute the surge to substantial losses in
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22:41

Iran Warns of Strikes on U.S. and Israeli Energy Infrastructure on August 1

According to Iran's Tasnim News Agency, citing senior Iranian security officials, on August 1, Iran warned that it would target U.S. and Israeli energy infrastructure if the United States and Israel attack Iranian facilities. Iranian officials stated that such attacks would be considered a "reckless act," and Iran has formulated a comprehensive plan to respond to any potential aggression. The response plan specifically includes strikes on Israeli critical infrastructure and U.S. energy assets in
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22:37

Big Tech Quartet Pledges $2.4 Trillion for AI Infrastructure Over Coming Years

Over the past year, Alphabet Inc., Meta Platforms Inc., Microsoft, and Amazon have substantially increased their AI infrastructure commitments, pledging a combined $2.4 trillion in capital expenditure over the coming years. The investment encompasses data center construction, leasing, energy infrastructure, and related equipment as the four tech giants accelerate their competition in AI.
22:34

Google Withdraws AI Image Generation Tool from Earth Platform Over Fake Image Concerns

Alphabet Inc. recently announced the withdrawal of its AI image generation feature from Google Earth after users utilized the tool to create modified satellite imagery that violated company policies. The feature allowed users to generate realistic aerial scenes through text prompts, raising concerns among observers that such synthetic images could be mistaken for authentic satellite data. The company is implementing stricter safety measures; AI-generated images were not made available on Google
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22:31

Japan's Yatsushiro Port Halts Operations After July 28 Earthquake Damages Over 1,500 Structures in Kumamoto

Japan's Yatsushiro Port in Kumamoto Prefecture halted all logistics operations following a magnitude 7.28 earthquake on July 28, which caused widespread damage across the region. According to the latest count, over 1,500 structures were damaged, with more than 170 completely collapsed. Port facilities sustained ground liquefaction and subsidence. Japan's Ministry of Land, Infrastructure, Transport and Tourism stated that comprehensive safety inspections of port facilities are underway, with no c
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22:16

South Korea Delisting Reform Faces Conflicts with Other Market Rules; 208 Companies Below Thresholds

According to Hana Investment Securities, one month after implementation of South Korea's delisting reform on July 1, the new rules may conflict with other capital market regulations and could be misused for forced delistings. As of July 30, a total of 208 companies failed to meet revised market capitalization thresholds: 47 on the Korea Composite Stock Price Index (KOSPI) and 161 on KOSDAQ. In July alone, 28 of 30 KOSDAQ companies that received management stock designation warnings fell below th
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22:16

Doosan Completes SK Siltron Acquisition for 2.3 Trillion Won on July 30

According to Yonhapinfomax, South Korean conglomerate Doosan Group completed the acquisition of a 70.6% stake in SK Siltron for 2.3 trillion won on July 30, marking a major portfolio expansion as the company celebrated its 130th founding anniversary on August 1. The deal represents Doosan's vertical integration into semiconductor wafer manufacturing, with the conglomerate stating it will bolster future growth drivers and establish a sustainable revenue base. SK Siltron, South Korea's sole semico
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22:15

Colombia's Central Bank Launches $4 Billion Foreign Reserve Accumulation Plan on July 31

On July 31, Colombia's central bank announced a plan to accumulate up to $4 billion in international reserves aimed at guiding the Colombian peso down from seven-year highs. Central Bank Governor Leonardo Villar made the announcement following a decision to hold interest rates unchanged. The program will begin in early August through monthly put option auctions, with the first auction capped at $400 million.
22:14

Samsung Discloses 60-70% LTA Commitment While SK Hynix Withholds Details; DRAM ASP Divergence Sparks Market Split

According to their Q2 earnings calls on July 29-30, Samsung Electronics and SK Hynix reported record-high profits, yet market reactions diverged sharply—SK Hynix stock fell 14% while Samsung rose 7%, attributed to differences in management disclosure specificity. Samsung's memory division vice president Kim Jae-jun stated that the firm now supplies industry-first HBM4E samples to major customers and targets 60-70% of production capacity under long-term contracts (LTA) with top-five global custom
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22:13

South Korea Stock Market Sees 15% Market Cap Decline as Investors Shift to Bank Deposits

According to DailyAn, South Korea's domestic stock market experienced significant volatility in late July, with total market capitalization declining 15.15% to 3,059 trillion Korean won (from 3,605 trillion won at end-June). Exchange-traded funds (ETFs) contracted 22.32% over the same period. Meanwhile, major banks saw deposits surge by approximately 24 trillion won, with rates at top lenders rising to around 3.2% annually as volatility intensified. Extreme market swings triggered circuit breake
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22:10

US Stock Indices End Friday Higher Led by Amazon 15% Surge; S&P 500 Up 0.7%, Nasdaq Logs Worst Month in Over a Year

According to Stocktwits, U.S. stock indices ended Friday higher as strong earnings lifted sentiment. The S&P 500 rose 0.7% to 7,489.72, the Nasdaq 100 gained 0.6% to 28,274.20, and the Dow Jones Industrial Average added 0.5% to 52,485.03. Amazon surged 15% after reporting better-than-expected second-quarter revenue, while Microsoft also posted strong quarterly results. Despite the week's gains, the Nasdaq logged its worst month in over a year.
22:09

30-Year U.S. Treasury Yield Hits 19-Year High of 5.284% on July 31

According to Yonhapinfomax, on July 31 (U.S. Eastern time), the 30-year U.S. Treasury yield reached 5.284% during intraday trading, marking its highest level since July 2007. The 10-year yield rose to approximately 4.74%, also hitting its highest point since January 2025. Federal Reserve officials Beth Harker, Lorie Logan, and Neel Kashkari, who dissented from the policy decision this week, cited prolonged inflation concerns in their statements. Market expectations of a September rate hike incre
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22:09

Crude Oil Prices Rise on July 31 Amid Iran-U.S. Tensions; WTI Up 1.29% to $84.67

According to NYSE data, WTI crude oil for September delivery rose 1.08 dollars (1.29%) to close at $84.67 per barrel on July 31, while Brent crude climbed 1.09 dollars (1.22%) to $90.12. The price surge followed renewed military tensions between the U.S. and Iran. According to Iran's state media PressTV, Iran's Islamic Revolutionary Guard Corps (IRGC) attacked tankers transiting the Strait of Hormuz on July 31 and diverted four additional vessels. Both sides have been in active conflict since Ju
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22:07

U.S. Court Rules Reddit Can Sue Perplexity, SerpApi for AI Data Scraping

The U.S. Southern District of New York Federal Court ruled that Reddit Inc. can proceed with its lawsuit against Perplexity AI Inc. and SerpApi LLC for allegedly circumventing security measures to scrape user content at scale. The court determined Reddit's copyright infringement claims constitute sufficient damages and recognized that the platform's anti-scraping measures protect user content and privacy. Despite defendants' argument that Reddit lacks authority over user-generated content, the c
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22:07

S&P 500 Companies Beat EPS Expectations at 87% Rate in Q3, Above Last Year's 86%

According to Bloomberg data compiled during Q3 earnings season, 87% of the 292 S&P 500 companies that have reported results beat earnings per share (EPS) expectations, compared to 86% in the same period last year. Revenue beat rates also improved, with 77% of companies exceeding forecasts versus 75% a year ago. Healthcare and technology sectors were among the strongest performers, with 13% of companies missing EPS targets and 23% missing revenue expectations.