Gate Crypto Flash News and Market Updates

Hang Lung Group and Hang Lung Properties announced the appointment of Louie Tsai as Chief Executive Officer and Executive Director, effective October 1, 2026. Tsai will succeed Lau Wai-poh, who will continue in his current role until September 30. Tsai will join the company on September 7 as Chief Executive Officer-designate. The 56-year-old executive brings over 30 years of retail and commercial management experience in Asia, having previously served as President of Toys "R" Us Asia and CEO of

According to Seoul Bond Market, South Korea's 3-year government bond benchmark yield fell 1.3 basis points to 3.732% on August 7, as the market shifted to strength from an initially weaker open. The 10-year yield rose 0.5bp to 4.198%, while the 30-year yield climbed 0.1bp to 4.519%. Foreign investors continued net buying of 3-year government bond futures, purchasing 2,063 contracts, providing support to the market. As of 11:04 a.m., the 3-year futures contract traded at 103.44, up 5 ticks, while

According to TrendForce, in 2026, the combined capital expenditure of nine major global cloud service providers is projected to grow approximately 90% year-over-year. Increased NVIDIA rack-scale AI server procurement by hyperscalers and Tier-2 data centers, combined with Google and AWS deploying new-generation ASIC platforms in the second half of 2026, has driven AI server shipment growth upward from 28% to nearly 31%.

According to BofA Global Research, AI-related funding reached $344 billion through August 7, 2026, significantly exceeding 2025's full-year total of $136 billion. U.S. hyperscale cloud providers accounted for $157 billion of the funding, followed by non-U.S. hyperscale cloud operators at $62 billion, data center project financing at $51 billion, and Nvidia and SpaceX-related funding at $50 billion.

According to OnchainDataNerd, Pump.fun sold 84,789 SOL worth approximately $6.25 million on August 7. To date, the platform has cumulatively offloaded 4,823,325 SOL with a total value of around $807 million.

According to Yonhapinfomax, South Korea's inter-bank offered rates (Koribor) were announced on Aug 7 at 11 a.m. The 3-month rate stood at 3.00%, up 0.01% from the previous day, while the 12-month rate was 3.63%, down 0.01% day-over-day.

According to Yonhap Infomax, the USD/KRW exchange rate fell below 1,420 won for the second consecutive day on Aug 7, trading at 1,418.50 won as of 10:56 a.m. Seoul time, down 5.30 won from the previous day's close of 1,423.80 won. SK Hynix-related dollar selling and custody-related selling orders drove the decline, with foreign investors conducting net short selling of 49,000 USD futures contracts. The Korean stock market's 1.21% drop also pressured the won. Dealers noted that selling momentum r

Typhoon Baihaitun, the 13th typhoon of the season, was located approximately 760 kilometers southeast of Wenzhou, Zhejiang Province, on August 7 at 11:00 local time, with maximum sustained winds of 14 grades (super typhoon level). According to the Zhejiang Flood Prevention, Typhoon Defense and Drought Relief Emergency Plan, the Zhejiang Flood Prevention Command Center decided at 12:00 on August 7 to upgrade the typhoon emergency response to Level III. The typhoon is expected to move westward at

According to The Block, Ark Invest bought 267,676 additional shares of Block Inc. (XYZ) on Thursday as the stock dropped 6.15% to close at $79. The purchase, valued at $21 million, was distributed across Ark Innovation ETF (ARKK), Ark Next Generation Internet ETF (ARKW), and Ark Blockchain & Fintech Innovation ETF (ARKF).

According to The Defiant, Robinhood Chain's DEX trading volume fell 72.5% between July 11 and August 1, with daily volume declining from approximately $878 million to $241 million. During the same period, the chain's transaction count, total value locked (TVL), and stablecoin supply all reached historic highs, with transaction count hitting 13.3 million on August 5 and TVL reaching $433 million on August 6. The chain's share of global DEX trading volume dropped from a peak of 16.65% to 4.32% by

According to Jin10, on August 6, China and India held the 36th meeting of their border affairs consultation and coordination mechanism in New Delhi, with representatives from diplomacy, defense, interior, and immigration departments participating. Both sides conducted constructive dialogue on implementing consensus from the 24th meeting of their border special representatives, agreed to jointly prepare for the 25th such meeting, and discussed key border and cross-border issues including demarcat

According to Korea Exchange and ETF Check, 78.3% of domestic exchange-traded funds listed in South Korea fell in price during July, with 891 products declining out of approximately 1,138 total ETFs.

According to Thai media reports, a school shooting occurred in Nakhon Pathom Province on August 7 morning, leaving 2 people dead and approximately 20 others injured. The suspect remains at large near the school premises.

According to Thai media and Xinhua News Agency, a school shooting occurred in Nonthaburi Province on August 7 morning, leaving 2 dead and approximately 20 injured. The gunman remains in the vicinity of the school. People are being evacuated to safe areas.

According to Jefferies, SanDisk shares fell 6.8% on Thursday but edged higher in overnight trading as the brokerage slashed its price target from $3,000 to $1,750, citing concerns over inventory accumulation in the edge business and moderating data center growth. The analyst maintained a 'Buy' rating despite the caution, warning that the company's in-line Q1 guidance may temper near-term investor enthusiasm.

According to BlockBeats, on August 7, Japanese Bitcoin treasury company Remixpoint released its crypto operations report for the period ending July 31, 2026. As of that date, the company held approximately 1,501.27 BTC in lending principal and earned 12.44 BTC in cumulative borrowing fees (approximately 133 million yen) from February through July. Additionally, Remixpoint held 901.45 ETH and 13,920 SOL in staking, generating combined staking rewards of approximately 28.89 million yen.

According to Gavekal, the U.S. Dollar Index is trading at 99.95 as of today, up 0.01% intraday.

According to Barron's, Nvidia (NVDA-US) closed down 0.1% at $218.99 on Thursday, August 6, ending a five-day winning streak after briefly rallying to $223.63 intraday. The stock was the most heavily traded on the S&P 500 and the second-most traded on the Nasdaq-100. Analysts expect the company's earnings report, due later in August, to serve as a key catalyst for further stock movement. Susquehanna analyst Christopher Jacobson noted that Nvidia typically enters a strong pre-earnings trading patt

Microchip Technology announced on August 7 that fiscal Q1 revenue reached $1.49 billion, beating analyst expectations of $1.46 billion, with adjusted earnings per share of $0.76 versus the expected $0.69. The chipmaker also guided fiscal Q2 revenue between $1.59 billion and $1.62 billion, above the consensus estimate of $1.55 billion, with adjusted EPS guidance of $0.91-$0.95 versus the expected $0.79. The stock rose 7 percent after hours. Microchip attributed the strong performance to rising de

According to BlackRock's SEC filing, the firm's spot Bitcoin ETF (IBIT) and spot Ethereum ETF (ETHA) posted combined net outflows of $3.5 billion in capital share redemptions during Q2 2026, compared to $13.9 billion in net inflows during the same period in 2025—a reversal of approximately $17.4 billion year-over-year. IBIT alone saw $2.9 billion in net outflows during the quarter, while ETHA recorded $583.4 million in redemptions.