Gate Crypto Flash News and Market Updates

According to its interim profit warning, Wynn Macau Limited (00864) expects a net loss of HK$54–56 million for the six months ended June 30, 2026, compared to HK$165 million in the same period of 2025. The company attributed the improvement to lower fair value losses on investment properties during the period. Total comprehensive loss is expected to reach HK$71–75 million, down from HK$196 million in H1 2025.

According to Bloomberg senior ETF analyst Eric Balchunas on August 11, converting bitcoin to spot bitcoin ETF shares does not immediately trigger capital gains recognition, but original cost basis and holding periods carry over. This means taxation is deferred rather than avoided, and the mechanism can be reversed to convert ETF shares back to bitcoin. Balchunas noted the structure applies to grantor trusts, not open-end funds. Tax professional Clinton Donnelly added that current tax positions t

According to Onchain Lens monitoring, BlackRock transferred 838.07 BTC and 12,670 ETH to Coinbase, valued at approximately $53.88 million and $23.96 million respectively, totaling around $77.84 million. BlackRock operates IBIT, the world's largest Bitcoin ETF by assets, which has a market value of $47.784 billion.

According to data from the National Association of Realtors (NAR), the U.S. median home sale price reached $434,100 in July, marking the highest price for the month on record and reflecting a 2% year-over-year increase. July home sales contracted to a three-month low, with contract volume falling 1.7% month-over-month to an annualized rate of 4.06 million units, as elevated home prices and mortgage rates continue to pressure the housing market.

According to Twitter, Morpho markets generated over $4 million in interest last week, marking the highest weekly total since November 2025. The milestone is notable as Base markets outperformed Ethereum markets, an outcome that occurs in only a handful of instances.

According to Patrick Witt, Trump's crypto advisor, the administration remains fully committed to advancing the Clarity Act in September.

According to renowned analyst Benjamin Cowen, Bitcoin trading between $64,000 and $65,000 shows patterns resembling previous bear market bottoms in 2018 and 2022. Cowen noted that social risk indicators have dropped to 0.2—significantly lower than four years prior—while on-chain metrics like the MVRV Z-Score have not yet fallen below zero, signaling the market may not have bottomed. Cowen predicts October as the most likely timeframe for the market bottom, though September and November remain po

According to White House crypto adviser Patrick Witt, the Trump administration is pushing Congress to pass the CLARITY Act when the Senate returns on September 14. Senate Majority Leader John Thune has filed cloture, setting a procedural vote for September 15 that requires 60 votes to advance; Republicans hold 53 Senate seats. Passage odds have declined sharply, with Polymarket traders now pricing a 19% chance the bill becomes law in 2026, down from above 50% in spring. TD Cowen analyst Jaret Se

According to Foresight News, eToro has agreed to acquire TradeZero, an online brokerage firm focused on active traders in the U.S. market, on August 11. Under the agreement, the total acquisition consideration could reach up to $231 million, consisting of cash and up to 2.5 million Class A common shares newly issued by eToro.

Binance launched a USDⓈ-margined DOSUSDT perpetual contract on Aug 11, according to an official announcement. DOS has a market cap of 96.4 million.

U.S. existing home sales declined 1.7% on a monthly annualized basis in July, falling short of the expected 1% decline. The previous month's figure was revised upward to 1.4% from an initially reported 2.4% decline.

US existing home sales in July came in at 4.06 million, above the consensus estimate of 4.05M but down from 4.09M in June.

According to Odaily, today at U.S. market open, artificial intelligence stocks rose broadly. CoreWeave led gains with a 5.86% increase, followed by ASML up 3.11% and Teradyne up 2.13%. The broader market also posted modest gains, with the S&P 500 up 0.13% and the Nasdaq up 0.23%.

According to Bitcoin News, Luke Dashjr proposed today (August 11) at 14:00 UTC a plan to select a new proof-of-work algorithm for a Bitcoin hard fork based on the last character of the next Bitcoin Testnet4 block hash following a predetermined timestamp. A pre-submitted mapping file assigns each possible character to a candidate algorithm. Dashjr stated that no one, including himself, currently knows which algorithm will ultimately be chosen and published the mapping file's SHA256 hash to prove

Canada's trade minister and U.S. Trade Representative Grier will meet in New York on Tuesday at 1:30 p.m. ET, according to market sources.

According to Gate data, WTI crude oil fell 0.47% to $81.88 per barrel today (August 11). Brent crude oil declined 0.6% to $87.79 per barrel.

FIFA President Gianni Infantino has received public backing from U.S. President Donald Trump, according to reports shared on social media, as the football leader faces mounting criticism and calls for his resignation from his role.

According to a Yemeni military official, government forces and Houthi militants exchanged fire in Marib province on August 11, killing at least 8 militants and 3 soldiers.

According to a U.S. State Department official, the Lebanese-Israeli negotiation track will resume in Rome at the beginning of September. Talks will continue in Beirut, Jerusalem, and Washington during the interim period.

According to BlockBeats, Manus announced on August 11 that it will resume independent operations, requiring affected users to complete data backup by 8:59 a.m. Singapore time on August 23 and initiate data restoration from 8:00 a.m. on August 25. Users can back up multiple times before the deadline and continue creating data after the initial backup. During the transition period, affected users will not incur fees, and Manus will provide rewards. Unaffected users require no action and can contin