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
17:05

Base Metals Fall Overnight on August 18, International Copper Down 1.06%, Shanghai Zinc Off 1.07%

Overnight on August 18, base metals declined broadly on the Shanghai Futures Exchange and international markets. International copper fell 1.06%, while Shanghai copper dropped 0.89%, aluminum 0.75%, and zinc 1.07%. Shanghai nickel lost 0.25% and tin fell 1.21%. Lead rose 0.47%. Among derivatives, aluminum oxide declined 0.07% and aluminum alloy 0.46%, while stainless steel gained 0.25%.
17:03

BitMart Founder Faces August 19 Deadline to Disclose $36.5M in Assets and Repayment Plan

According to Cointelegraph, BitMart founder Sheldon Xia faces a 19 August deadline to disclose the exchange's assets, present a repayment plan, and explain frozen user withdrawals. The demands came through BitMart's Chinese-language X account on 17 August, which employees reportedly control. Xia dismissed the claims as "fabricated rumors" on 17 August but did not provide a proof-of-reserves disclosure or repayment timeline. Blockchain analytics firm Arkham tracked BitMart wallets holding approxi
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17:03

Tokenized Assets Hit $4B in DeFi, but Only 11.5% Actively Deployed

According to DefiLlama, real-world assets actively deployed in DeFi lending pools, vaults, and decentralized exchanges reached $3.98 billion as of August 18. However, only 11.5% of the $34.64 billion in total tokenized RWA issuance is actively working as collateral or liquidity on-chain. BlackRock's BUIDL fund, with $2.74 billion in tokenized issuance, shows only $18 million in DeFi utilization, a rate of 0.66%. Franklin Templeton's BENJI product registers zero DeFi activity. Both products were
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17:01

8 of VanEck's 12 Bitcoin Surrender Signals Currently Triggered, BTC Down 49% From Peak

According to Bitcoin News reporting on VanEck analysis, eight of VanEck's 12 Bitcoin surrender signals are currently triggered, with all 12 signals having entered the capitulation zone within the past three months. VanEck predicts the current Bitcoin pullback will be smaller than previous bear markets' 78-94% declines, citing spot ETF demand, expanded institutional ownership, and the absence of major failures like Celsius, 3AC, and FTX.
BTC1.12%
17:01

Bank of America: Nvidia Stock Undervalued by Up to 50%, Target Price $350

According to Bank of America analyst Vivek Arya, on Tuesday (Aug 17), Nvidia's stock is undervalued by 34% to 50% based on sum-of-the-parts valuation analysis. The bank set a target price of $350, implying significant upside from Tuesday's close at $219, down 2.5% for the day. Arya cited the market's overemphasis on risks related to Nvidia's financing commitments to AI ecosystem partners, stating that the stock offers an attractive investment opportunity despite near-term headwinds.
16:53

Japan Reclassifies 105 Crypto Assets as Financial Instruments Under FIEA

Japan's National Diet gave final approval on July 15, 2026, and the amendment was promulgated on July 23, 2026. The legislation moves 105 crypto assets from the Payment Services Act into the Financial Instruments and Exchange Act (FIEA) framework that governs stocks, bonds, and investment trusts, with core provisions taking effect during fiscal 2027. The amended FIEA introduces insider-trading prohibitions, annual disclosure requirements for crypto issuers comparable to public companies, and str
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16:45

Trader's $412,000 Loss as CASHCAT Falls 30% After Robinhood Listing

According to BlockBeats and Arkham monitoring, on August 19, trader 0x4B1 purchased approximately 0.85% of CASHCAT's total supply for around $1.29 million upon the token's Robinhood listing. CASHCAT's price subsequently dropped approximately 30%, resulting in an unrealized loss of about $412,000 for the trader. On-chain data shows the trader has not yet sold any tokens.
16:42

Printr Memecoin Platform to Cease Operations on August 31 Due to Funding Issues

According to its official announcement, Printr, a cross-chain memecoin creation and trading platform, is ceasing operations due to insufficient funding and lack of distribution support. The platform will shut down completely on August 31, 2026. Beginning today, all on-chain staking positions and accumulated rewards are being automatically resolved, with assets returned to users' original investment addresses. The platform's user interface will be closed after August 31, and token creation and tr
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MEME0.08%
16:35

BlackRock CEO Fink Calls Tokenization 'Next Generation' of Markets

According to Forbes, BlackRock CEO Larry Fink called tokenization the "next generation" of markets, noting that mainstream financial institutions are now seriously advancing real-world asset tokenization on-chain. After roughly a decade of hype, multiple setbacks, and promising pilots, the industry is transitioning from proof-of-concept to large-scale practical applications, Fink said.
16:32

Strive Buys 79 Bitcoin Between August 10-14, Total Holdings Reach 20,246 BTC

Strive Asset Management's stock rose 7% as the Nasdaq-listed company expanded its Bitcoin treasury with a purchase of 79 BTC worth approximately $5 million between August 10 and August 14. The company acquired the Bitcoin at an average price of $63,231 per BTC, bringing its total holdings to 20,246 BTC, now valued at about $1.27 billion. Strive also maintains $154.8 million in cash and cash equivalents.
BTC1.12%
16:31

Israeli Official Claims Strike on Idlib Air Base to Block Turkish Presence

According to Axios, an Israeli official claimed the country struck a Syrian air base in Idlib province to prevent Turkish forces from establishing positions there. A senior Turkish official denied Turkish personnel were stationed at the facility and accused Israel of fabricating justification to bomb a neighboring country and destabilize the region.
16:31

Nokia to Shut Down Most China Operations by Year-End After 40+ Years

According to South China Morning Post, Nokia plans to shut down most of its operations in China by year-end, marking a strategic exit from the market where it operated for over 40 years. The Finnish telecommunications equipment maker will lay off the majority of its Chinese workforce in phases, with most adjustments completed by end-2026, citing internal sources. Nokia employed approximately 7,200 people across China, Hong Kong, and Taiwan as of end-2025. The company will likely retain only afte
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16:28

German 10-Year Bund Yield Hits 3.259% for First Time Since 2011; 2-Year Yield Rises 5bps

On Tuesday European close, Germany's 10-year Bund yield rose 3.8 basis points to 3.259%, marking the highest level since 2011. The yield has advanced for three consecutive trading days, accumulating a 12.8 basis point gain. Germany's 2-year yield climbed 5.0 basis points to 2.853%, while the 30-year yield increased 2.4 basis points to 3.770%, approaching levels last seen in Q3 2011. The 2/10-year Bund spread narrowed 1.229 basis points to plus 40.419 basis points.
16:25

Zhibao Technology Completes $154.7M Bitcoin PIPE Financing, Acquires 2,380 BTC on August 19

According to BlockBeats, Nasdaq-listed Chinese insurtech company Zhibao Technology (ticker: ZBAO) completed its previously announced PIPE financing on August 19. Investors subscribed for new shares and warrants with 2,380 Bitcoin, valued at $154.7 million based on a reference price of $65,000 per BTC. The company issued 442 million PIPE units at $0.35 per unit, with each unit containing one Class A common share and one warrant exercisable at $0.35 for two years. According to Zhibao Technology's
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BTC1.12%
16:21

U.S. Diesel Crack Spreads Hit Record High Above $100 Per Barrel

U.S. diesel crack spreads surged above $100 per barrel this week, marking a new historical high. The key profitability indicator, which measures the margin between crude oil and refined diesel output, hovered near $100 per barrel on Tuesday after first reaching triple-digit levels on Monday. The previous record of $89 per barrel was set in October 2022 amid global fuel shortages at the onset of the Russia-Ukraine conflict winter. Global refining capacity constraints continue to drive fuel prices
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