Gate Crypto Flash News and Market Updates

According to BlockBeats and TradingBeats monitoring, a whale address starting with 0x519c initiated a large TWAP order early today (August 12) to acquire 74,500 SPCX tokens worth approximately $9.998 million over 150 minutes. As of publication, 4,420.1 SPCX have been executed for $593,000 at an average price of $134.26, representing 5.9% completion. Upon full execution expected before market open, the whale's SPCX long position will expand to approximately 91,700 tokens with a projected value of

Germany's current account surplus rose to €19 billion in June, up from €10.4 billion in May, according to official data. The seasonally unadjusted figure represents a significant month-over-month increase.

According to K33 research, as of Aug. 10, Bitcoin perpetual trading activity fell to its lowest level since 2023. The 30-day average combined trading volume for BTC/USDT perpetuals on Binance and Bybit declined to $10.8 billion, with only 5% of days since January 2021 recording lower volumes, according to Head of Research Vetle Lunde. Spot trading has also declined sharply. Average daily bitcoin spot volume fell 18% over the past week to $1.8 billion, marking the lowest one-week average since Fe

According to Bloomberg, foreign investors shifted capital from South Korean markets to Taiwan in August, with net inflows of $1.7 billion to Taiwan's Taiex index while Korea's Kospi saw net outflows of $6.2 billion. Analysts attribute the shift to investor preference for lower-volatility markets with stable returns, even as both markets remain exposed to semiconductor and AI sector trends. Taiwan's benchmark has outpaced South Korea year-to-date, with the Taiex up 55.1% versus Kospi's 46.2% as o

Crude oil prices extended their advance Wednesday as Middle East geopolitical risks kept buyers active. Brent crude rose to around $89.63 a barrel, while West Texas Intermediate climbed to roughly $83.91, approaching key resistance levels. Renewed concerns over U.S.-Iran negotiations and shipping disruptions through the Strait of Hormuz and Bab el-Mandeb Strait have intensified supply worries. However, the rally faces a potential headwind: American Petroleum Institute data showed crude inventori

BBSB INTL announced on August 12 that its wholly-owned subsidiary BBSB Holdings Sdn Bhd signed a memorandum of understanding with Shantawood Sdn Bhd, a wholly-owned subsidiary of listed Malaysian company DPS Resources Berhad. The two parties will explore potential arrangements to develop data center facilities on land owned by Shantawood, leveraging BBSB's infrastructure engineering expertise and capabilities.

Delin International (01126) issued a profit warning on August 12, revealing that interim net profit for the six months ended June 30, 2026 is expected to decline by approximately 25%-35% compared with the same period last year. The decline is primarily attributed to increased labor costs and rising raw material prices, the company said.

According to Harmony, on August 12, the team tracked 10,288 transfers of fraudulently minted tokens flowing to 409 wallets and issued alerts to partner exchanges regarding hundreds of suspicious deposits, which have since blocked the hacker wallets. As of the latest update, 53% of validators have completed the emergency patch upgrade released four hours prior. The team is evaluating remediation options, with a chain rollback appearing as the preferred viable approach. Additional details are expe

According to its second-quarter monetary policy execution report released on August 12, the People's Bank of China announced plans to build a high-quality bond market 'tech board' and support private tech-focused enterprises and private equity investment institutions in raising funds through bond issuances. The PBOC will also utilize risk-sharing tools for technology innovation and private enterprise bonds, advance legislation on corporate bonds, and accelerate multi-level bond market developmen

According to Bloomberg, Bitwise Asset Management laid off 14% of its staff, reducing headcount to approximately 155 from 180 employees on August 11. The cuts reflect cost-discipline measures as prolonged weakness in digital-asset prices pressured the crypto industry, though Bitwise's client assets recently surpassed $15 billion. Bitwise's Chief Investment Officer Matt Hougan stated the company believes bitcoin is "in the process of bottoming right now," citing collapsing excess leverage in deriv

According to the People's Bank of China, the central bank released its second-quarter 2026 monetary policy execution report on August 12. The report announced continued implementation of moderately loose monetary policy and support for policy-oriented development financial institutions to advance new policy finance tools worth 0.8 trillion yuan as of June 30, with funds directed toward supplementing capital for major projects. Priority areas include digital economy, artificial intelligence, cons

According to the People's Bank of China's second-quarter monetary policy report released on August 12, the central bank is de-emphasizing bank loans as a single financing channel and taking a more comprehensive view that combines loans with bonds and equity financing. This reflects structural shifts as real estate and infrastructure investment intensity decline while emerging technologies require lighter capital models. Corporate bonds and stock net financing reached 2.4 trillion yuan in the fir

According to China's central bank in its Q2 monetary policy report released on August 12, the PBOC conducted 3.5 trillion yuan in Medium-term Lending Facility (MLF) operations in the first half of 2026, with outstanding balance reaching 7.4 trillion yuan as of end-June, up 1.15 trillion yuan from year-start. The central bank also conducted 4.9 billion yuan in Standing Lending Facility (SLF) operations in H1, with 1 billion yuan outstanding as of June 30. SLF rates stood at 2.25% overnight, 2.40%

According to the People's Bank of China, on August 12, the central bank released its Q2 2026 monetary policy execution report, continuing to implement moderately loose monetary policy to support stable capital market operation. The PBOC will continue its stock repurchase and shareholder increase-holding loan program, guiding financial institutions to provide loans to eligible listed companies and major shareholders. As of end-June, financial institutions signed stock repurchase and increase-hold

According to MBN, apartments in Seoul's Seongbuk ward are surging in price amid demand shifts from higher-priced units. One 2,300-unit complex saw an 84-square-meter unit trade at 2 billion won on July 20, recovering to 2021 peaks, with Seongbuk posting a year-to-date price gain of 10.85%, Seoul's highest. Owners face potential combined property tax increases when new assessed prices take effect next year. The tax threshold is rising from 1.2 billion to 1.4 billion won, but as actual transaction

According to Bloomberg, cryptocurrency market maker Wintermute plans to invest approximately $1 billion over the next five years in high-frequency trading and AI data center infrastructure to expand into traditional financial markets including equities, commodities, and foreign exchange. The company currently derives about 10% of its revenue from non-crypto markets, with a target to increase this share to over 50% by the end of 2027.

Following a hearing on Aug. 7, Binance and RedotPay are disputing whether their Singapore legal proceedings will end. RedotPay told Cointelegraph that it expects Binance to discontinue the case and plans to seek legal costs from the claimant. However, Binance denied the claim, stating it has no plans to abandon its Singapore claims and has informed the court accordingly. The disagreement centers on a broader legal battle that includes a separate Hong Kong case in which Binance-affiliated compani

According to CNBC, Google appointed Koray Kavukcuoglu as senior vice president of DeepMind today, reporting directly to CEO Sundar Pichai. Kavukcuoglu will oversee Gemini model development, frontier AI research, and Gemini application and developer teams. Demis Hassabis, DeepMind co-founder and former CEO, transitions to board chair.