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
22:16

WTI Crude Rises to $83.27 on August 12; Commercial Oil Stocks Jump 17.42M Barrels

According to the New York Mercantile Exchange, WTI crude for September delivery rose $0.07 to $83.27 per barrel on August 12 (U.S. Eastern Time), while October Brent crude gained $0.07 to $88.98 per barrel. The Energy Information Administration reported that commercial crude oil inventories increased by 17.42 million barrels for the week ending August 7, compared to market expectations of a 1.4 million barrel decline. Negotiations between the United States and Iran over reopening the Strait of H
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22:13

South Korea's Covered Call ETFs Offer Up to 28% Annual Distribution, Yet Top Products Post Negative Returns

According to Dailian on August 13, high-dividend and covered call exchange-traded funds (ETFs) are gaining attention from South Korean investors amid increased market volatility. According to ETF CHECK data, the highest-yielding product, SOL Palantier Covered Call OTM Bond Mix, offers a 28% annual distribution rate, followed by products in the 21–24% range. However, the data reveals a disconnect: while offering high distribution rates, these ETFs often deliver negative total returns. The same 28
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22:11

Solid-State Battery Industry Eyes Technology Breakthrough in 2027, Key Isostatic Pressing Equipment in Focus

According to China Securities Journal, the solid-state battery industry expects a fundamental breakthrough in isostatically pressed equipment control technology by 2026-2027 to solve the core "solid-solid interface contact problem" that has hindered mass production. Liyuan Hengtai, Singularity Intelligent, Kexin Electromechanical, China Harmo Technology, and Rongqi Technology have already began shipping or deploying isostatic pressing equipment as equipment makers and battery manufacturers colla
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22:01

Morgan Stanley Replaces Samsung Electronics With Samsung Electro-Mechanics as Top Pick, Target Price 2.62 Million KRW on August 12

According to Morgan Stanley, the global investment bank replaced Samsung Electronics with Samsung Electro-Mechanics as its preferred Korean technology stock, citing strong AI data center demand. The bank raised its target price to 2.62 million Korean won (KRW) from 2.56 million KRW on August 12-13, representing a 96% upside from the closing price of 1.335 million KRW. The upgrade reflects expectations that AI-related revenue will rise from 20% of total sales this year to 31% next year, with AI r
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22:01

iPhone 20 Pro Gets Larger 6.4" and 7" Screens with Four-Curved Glass Design

According to Weibo leaker Digital Chatter Station, Apple's iPhone 20 Pro and Pro Max (codenames V73 and V74) are expected to feature larger 6.4-inch and 7-inch screens respectively, up 0.1 inches from iPhone 17 Pro models, while maintaining existing aspect ratios. The design employs a flat display panel overlaid with specially shaped four-curved glass to create an optical illusion of a borderless frame through light refraction, rather than using curved display panels. This approach aims to minim
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21:50

Terabytes of Credentials From 2,500+ Organizations Exposed in LiteLLM Supply-Chain Attack

According to security firms CloudSEK and Hudson Rock, terabytes of credentials belonging to over 2,500 organizations, including Microsoft, Amazon, Cisco, Samsung, and Salesforce, were exposed this week in a supply-chain attack on LiteLLM, an open-source AI development tool. The attack occurred during a 40-minute window in March when users downloaded compromised versions of LiteLLM from the Python Package Index repository. The breach exposed cloud keys, repository tokens, SSH keys, Kubernetes sec
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21:49

BlockchainAssn Submits Amicus Brief Supporting Custodia's Supreme Court Challenge to Federal Reserve Master Account Authority

According to ChainCatcher, the BlockchainAssn has submitted an amicus brief supporting Custodia Bank's petition to the U.S. Supreme Court, challenging the Federal Reserve's discretion in denying master account access to qualified state-chartered banks. The organization warned that lower court rulings favoring the Federal Reserve grant the central bank broad powers to deny banking services to disfavored industries or companies. Meanwhile, the Federal Reserve Bank of Kansas City has been granted a
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21:46

U.S. Dollar Rebounds on Safe-Haven Demand as Strait of Hormuz Tensions Persist

On Wednesday, August 12, the U.S. dollar erased earlier losses and finished higher as uncertainty over Middle East peace agreements offset the impact of softer-than-expected inflation data. The U.S. Dollar Index (DXY) rose 0.2% to 99.98 by New York close. Earlier, after July CPI data was released, DXY had fallen to an intraday low of 99.61 before recovering. July's Consumer Price Index (CPI) came in as expected, with headline CPI rising 0.1% monthly and 3.4% year-over-year, while core CPI advanc
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21:43

Samsung Electronics to Return Up to 200 Trillion Won to Shareholders This Month, SK Hynix Plans 100 Trillion Won Additional Return

According to securities brokers' estimates, Samsung Electronics and SK Hynix plan to announce major shareholder return policies this month as record semiconductor profits fuel investor expectations. Samsung is expected to reveal specific shareholder return measures, including a special dividend, by August, with annual payouts potentially reaching up to 200 trillion won—roughly 10 times the prior annual dividend of 9.8 trillion won, according to KB Securities. The new policy is projected to retur
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21:43

Hotel Prices in Reykjavik and Bilbao Surge Past $1,000 Per Night on Aug 12 Solar Eclipse

According to Lighthouse Intelligence, hotel prices in Reykjavik surged to an average of $1,012 per night on Aug 12, doubling year-over-year, while short-term rentals hit $1,172 nightly—up 178% YoY. In Bilbao, short-term rental prices climbed to $1,088 per night, a 206% year-over-year increase, as Europe's first total solar eclipse in over a century drew unprecedented tourism demand across Iceland, Greenland, the UK, Portugal, and northern Spain. However, pricing momentum has softened. As of Aug
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21:42

Bitcoin Whale Dormant for 12.5 Years Moves 27.85 BTC Worth $1.78M, Up 7,700% Since 2014

According to blockchain data, a Bitcoin wallet holding 27.85 BTC moved its entire balance overnight yesterday around 08:25 in block 961,963, after remaining inactive since February 2, 2014. The Bitcoins are now worth approximately $1.78 million, representing a long-term return exceeding 7,700% from an estimated acquisition cost of around $814. Data from Galaxy Research shows the activity extends beyond a single wallet. Three early 2014 Bitcoin addresses transferred a combined 87.43 BTC in consec
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BTC-0.33%
21:37

Gold Futures Touch $4,502.70 on August 12, Highest Since June 5

According to COMEX data, on August 12, gold futures touched $4,502.70, the highest level since June 5. December gold futures (GCZ6) closed at $4,474.30 per troy ounce, up 0.75% from the previous session. The rally was driven by a decline in U.S. Treasury yields after July's consumer price index came in as expected, cooling expectations for a September rate hike.
21:33

Wise's U.S. Trust Bank Charter Rejected by OCC Over AML Compliance Gaps on July 21

On July 21, 2026, the Office of the Comptroller of the Currency rejected Wise's application to establish Wise National Trust in Austin, Texas, citing insufficient anti-money laundering and counter-terrorist financing controls. The OCC concluded it "cannot conclude the proposed national trust bank will have an effective AML/CFT compliance program" until Wise addressed existing shortcomings. Wise US had entered a multistate consent order in July 2025 and agreed to a $4.2 million administrative pen
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21:31

Hawaii Bans Crypto ATMs Effective Oct. 1, Citing $80M in Losses

Hawaii's Governor Josh Green signed House Bill 1642 into law in July, establishing a complete ban on cryptocurrency kiosks and ATMs effective October 1. The prohibition covers "the ownership, operation, or management of a digital financial asset transaction kiosk that accepts United States currency from a customer in exchange for a digital financial asset." According to CoinATMRadar, Hawaii currently has 57 crypto ATMs and kiosks operating across four main islands. The state cited FBI data showi
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21:31

Kraken Launches S&P 500 Perpetual Futures with 5x Leverage and $1M Notional Cap

According to Cointelegraph, Kraken has launched S&P 500 perpetual futures on its proprietary trading platform, offering traders maximum 5x leverage and a notional exposure limit of $1 million. The product is priced via an oracle tracking the S&P 500 index, with no expiration date and no rollover requirement. This marks the second traditional market added to Kraken Prop, following Nasdaq 100 index futures. Users can trade on both evaluation and funded accounts.
21:30

Amazon Tops South Korean Retail Investors' U.S. Stock Purchases in August, $184.04M Bought August 1-11

According to Korea Securities Depository's securities information portal, Amazon ranked as the top net-buy stock among South Korean retail investors in U.S. markets during August 1-11, with net purchases totaling $184.04 million. The buying trend reflects a broader shift from AI semiconductor-focused investments toward cloud platforms, power infrastructure, and storage solutions within the AI ecosystem.