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
05:02

Bloom Energy Stock Slips Despite Q2 Beat; Strategist Sees AI Power Advantage

Bloom Energy Corp. (BE) shares edged lower late Wednesday despite posting a blockbuster second quarter. According to Futrum Equities chief market strategist Shay Boloor, he added BE to his portfolio, citing "Bloom's speed-to-power a massive advantage" amid growing AI infrastructure power demand. The fuel-cell energy provider reported Q2 earnings of $0.78 per share on revenue of $1.07 billion, surpassing Wall Street expectations. Analysts tracked by Koyfin hold an average price target of $280.29
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05:01

South Korea Launches Cornerstone Investor Program Starting November to Stabilize IPO Debut Trading

According to South Korea's Financial Services Commission announced on July 30, a cornerstone investor framework will be implemented starting November to prevent sharp declines on IPO listing day. Under the program, institutional investors committing to hold shares for 6 to 10 months receive priority allocation of IPO shares. Holdings are staggered: 50% locked for 6 months, 30% for 8 months, and 20% for 10 months, designed to mitigate concentrated institutional selling immediately after market de
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04:58

Samsung SDI Returns to Profit in Q2 2026, Beats Forecasts on AMPC Benefits

According to Samsung SDI's earnings filing released on July 30, the South Korean battery manufacturer swung to an operating profit of 203.8 billion won in Q2 2026, surpassing analyst expectations of a 14.8 billion won loss. The company's battery division posted 3.519 trillion won in revenue, up 18.8% year-over-year, with operating profit of 159.3 billion won returning to profitability after seven consecutive quarters of losses. The turnaround was driven by increased U.S. local production benefit
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04:57

KOSPI Declines 0.86% in Afternoon Trading, SK Hynix Down 5%

According to Korea Exchange, KOSPI declined 0.86% to 5,614.36 points this afternoon (July 30), shifting to weakness after earlier gains. The index had risen more than 5% during intraday trading to hit 5,976.82 before reversing lower. SK Hynix fell 5%, among the day's underperformers.
04:55

Six of 14 Brokerages Cut SK Hynix Price Targets After Q2 Miss, Maintain Buy Ratings

According to Maeil Business on July 30, six of 14 brokerages downgraded SK Hynix price targets following the company's second-quarter earnings that fell slightly short of consensus forecasts. Daishin Securities cut its target from 3.9 million to 3.2 million won, while NH Investment & Securities lowered its forecast from 4.1 million to 3.4 million won, among other adjustments. Despite the target reductions, all six brokerages maintained or upgraded their investment recommendations to "buy," citin
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04:51

Marcos Raises Income Tax Exemption Threshold to ₱350,000 in Major Tax Reform

According to Rappler, President Ferdinand Marcos Jr. announced on July 27, 2026 a significant tax reform package that raises the income tax exemption threshold from ₱250,000 to ₱350,000. The measure is expected to benefit over one million taxpayers earning between the two thresholds, allowing them to save approximately ₱15,000 annually, or about ₱1,250 monthly. The reform package also proposes exempting qualified Small and Medium Enterprises from the 2% Minimum Corporate Income Tax.
04:51

Fed Internal Disagreement Weakens Dollar, Lifting Copper and Aluminum in Late July

According to Jin10, internal disagreement within the Federal Reserve triggered a weaker dollar, which lifted base metals including copper and aluminum as of late July. The divergence in Fed policy expectations disrupted market sentiment and supported demand for commodities. Geopolitical tensions in the Middle East, combined with declining aluminum inventory levels and volatility in copper warehouse receipts, added to volatility in the base metals complex.
04:51

POSCO Future M Reports 267 Billion Won Operating Profit in Q2, Up 3,351% Year-over-Year

According to Yonhap Infomax, POSCO Future M on July 30 reported second-quarter operating profit of 267 billion won, surging 3,351% year-over-year. Revenue reached 678.95 billion won, up 2.8% from the prior year, while net profit swung to positive 24.7 billion won. The company's Energy Materials division turned profitable with 2.5 billion won operating profit, compared to a 25.5 billion won loss in the same quarter last year, driven by recovery in cathode material sales volume and production capa
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04:49

KOSPI Rises 2.56% on Samsung's Record Q2 Earnings; U.S. Stocks Tumble After Fed Holds Rates

According to Korea Exchange, KOSPI rose 2.56% to 5,808.07 points today (July 30), buoyed by Samsung Electronics' record second-quarter earnings. Samsung posted revenue of 171.5 trillion Korean won and operating profit of 89.5 trillion won, with its semiconductor division accounting for 99.6% of total operating profit. Samsung shares climbed 4.92% to 218,750 won. Individual investors, however, continued selling pressure, with net outflows of 1.96 trillion won for a second consecutive day, while i
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04:49

CoreWeave Reprices $2.6B Loan With 5.5% Spread as Investors Grow Cautious on AI Debt

According to Bloomberg, on July 30, CoreWeave repriced a delayed-draw term loan by widening the spread to as high as 5.5 percentage points over the benchmark rate, up from 4.25 percentage points, and lowering the loan price to 97 cents on the dollar from 99 cents. The move reflects growing investor caution toward AI infrastructure debt amid scrutiny of the cloud computing company's profitability. The JP Morgan-led financing supports take-or-pay contracts with customers including Anthropic, Jane
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04:46

Jordan Intercepts 5 Iranian Missiles Early Thursday Morning

According to Jordan's armed forces, the country's air defense system intercepted and shot down 5 missiles launched from Iran targeting Jordanian territory early Thursday morning (July 30), according to Jin10 Data. A military spokesman stated that radar detected the incoming missiles, and air defense forces successfully implemented the interception, destroying all five targets.