Gate Crypto Flash News and Market Updates

Brent crude fell 9% intraday on Sunday evening after US President Donald Trump announced talks with Iran to reopen the Strait of Hormuz begin Monday afternoon. The price slid from $91.03 to a low of $82.83, later recovering to trade near $84.06, down 7.66% on the day. Trump told reporters that Saudi Arabia, the United Arab Emirates, Qatar, and Iran all asked him to postpone what he described as a planned military action. He said the regional requests signal all sides expect a Hormuz deal, with a

According to OPEC Secretariat statement released August 2, seven OPEC+ member states—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—agreed to increase crude oil production by 188,000 barrels per day beginning September. The adjustment marks the completion of a phased reversal of voluntary production cuts announced in April 2023, implemented to support oil market stability.

According to U.S. Treasury Secretary Scott Besent in a post on X on August 3, the U.S. Treasury will continue close monitoring and coordination with Japan's Ministry of Finance and the Bank of Japan, stating "we will not hesitate to engage in further joint intervention." Besent also noted that the FIMA repurchase mechanism serves as an important backstop measure and encouraged expanding its scale in coming months.

According to Guru Club, on Sunday (August 3), Trump commented on U.S. participation in the foreign exchange intervention that strengthened the yen, describing it as a symbol of U.S.-Japan friendship. Trump stated, "They needed some help, and we always support Japan. We have a good relationship." When asked what economic benefits the U.S. would gain, Trump said the intervention would bring "economic benefits" and compared the arrangement to a currency swap agreement reached with Argentina last ye

According to Financial News investigation, a viral social media post claiming a ₩2.24 billion loss on SK Hynix leverage ETF on July 30 was fabricated using another investor's account screenshot scaled up by exactly 10 times. The original loss documented on July 29 was ₩224.3 million, with all figures—including sale proceeds and total purchase amounts—multiplied precisely by 10. The original post author confirmed the theft in a community comment on July 30 evening, stating the modified post added

According to SK Securities report on August 3, the forced liquidation that triggered South Korea's stock market decline in July is largely over. KOSPI margin financing balances fell from approximately 30 trillion Korean won to 25.5 trillion won, while KOSDAQ margin balances dropped from 11 trillion won to 6.6 trillion won. Cumulative forced liquidation reached 4 trillion won—about four times the annual average for 2024-2025. SK Securities analyst Cho Jun-ki noted that forced sellers have largely

According to Bizwatch, South Korea's Financial Services Commission announced on July 29 measures to reduce trading frequency in single-stock leveraged and inverse ETFs. The regulator plans to increase trading costs through excessive quote fees, targeting investors who repeatedly place orders without execution. The policy aims to address high-frequency trading activity, particularly by foreign investors using direct market access (DMA) services. Data from Korea Exchange shows foreign investors ac

According to SK Securities, forced liquidations that drove a sharp decline in Korean stock markets during July have largely ended. The bank's analyst attributed the July downturn to simultaneous deleveraging in both Korean and U.S. markets, as forced sellers exited positions. Going forward, new inflows from foreign investors—rather than leveraged trades—will be needed to sustain further gains in Korean equities.

According to Business Insider, former Rothschild Group CIO Jim Paulson identified two warning signals on August 2 suggesting the AI investment cycle may decelerate faster than anticipated. First, AI-related stocks have underperformed the broader market, indicating investors are already factoring in a potential slowdown in AI capital expenditure growth. Second, core U.S. capital goods orders have declined sharply, signaling a possible shift in investors' focus from investment scale to return on i

According to Esmail Baghaei, Iranian Foreign Ministry spokesman, Iran and Oman on August 2 agreed in principle on shipping lane arrangements for the Strait of Hormuz that respect both nations' sovereignty and security interests. Baghaei stated the agreed route is neither the northern nor southern corridor, but maintains maritime safety while preserving Iran's national interests. He noted that the northern route has remained fully secure for 22 to 23 days since implementation of the agreement beg

According to an official announcement on August 3, SK Co. decided to pay an interim dividend of 82.659 billion Korean won, with a dividend yield of 0.3% for ordinary shares and 0.5% for preferred shares. The record date is set for August 19, with payment scheduled for August 31. SK also approved the issuance of 87.06 billion Korean won in 2-year convertible bonds. The conversion price is set at 544,785 Korean won per share, resulting in approximately 15,970 new shares, representing 0.02% of SK's

According to Bloomberg, South Korea's Kospi index fell 22% in July, marking its worst monthly decline since the 2008 global financial crisis, as retail investors exited the market en masse due to extreme volatility. The broad retreat followed an 18% rally on July 31, when retail investors instead recorded record net selling despite the intraday surge. Analysts attributed the rout partly to leverage ETF inflows of approximately 78 trillion Korean won that fueled volatility rather than stability.

According to Newsis, South Korea's KOSPI index jumped 17.91% to 6,595.45 on July 31, marking the first time the benchmark gained over 1,000 points in a single trading session. The surge was driven by strong earnings from U.S. tech giants, with Amazon rising 15.32% and Microsoft gaining 3.02% following better-than-expected cloud business performance. However, traders flagged potential headwinds for August 3 trading, citing yen strength from coordinated U.S.-Japan intervention and risks of yen-car

According to BeInCrypto, Cardano (ADA) price jumped nearly 10% in 24 hours to around $0.189 on August 2. The rally follows the van Rossem upgrade completion on July 18 and Intersect's confirmation that planning has begun for the Dijkstra era, Cardano's next major development phase. Key features in Dijkstra include Nested Transactions and Linear Leios, aimed at increasing transaction capacity while preserving decentralization. The Haskell node team targets end-of-2026 delivery to mainnet.

According to CNBC, Berkshire Hathaway's Class A shares hit $768,210 on July 28, marking an 8-month high and signaling strengthening investor confidence. Class B shares closed at $512.37 on the same day, reaching their highest level since November 2024. The stock has narrowed its underperformance gap versus the S&P 500 benchmark to 7.6 percentage points, down from 17.5 percentage points just two months earlier. UBS analyst Brian Meridis raised his price target for Class B shares to $585 from $570

According to iM Securities, on August 3, the brokerage lowered Hanwha Aerospace's target price to 1.49 million Korean won from 1.83 million won, reflecting a decline in valuations across the defense sector. The rating was maintained at "buy" despite the adjustment. The cut reflected lower multiples for ground defense and aerospace divisions (to 35x from 40x) and increased net debt, rather than earnings deterioration. Q2 operating profit of 1.37 trillion won exceeded consensus estimates of 996 bi

According to S&P Global, Australia's manufacturing PMI final reading came in at 52 in July, surpassing the forecast of 51.7 and matching the prior month's level, signaling continued resilience in the manufacturing sector.

According to overseas brokers citing Reuters reports, the U.S. dollar-South Korean won 1-month non-deliverable forward (NDF) surged to 1,442.90 won on the night of August 1, rising 19.40 won from Seoul's prior spot market close of 1,424.00 won. The rally was driven by caution over potential U.S. Treasury intervention in the yen market. Reuters reported that the U.S. Treasury notified multiple banks of the possibility of market intervention and instructed them to prepare for further action, with

New Zealand's building permits declined 4.9% year-over-year in June 2026, down sharply from the previous month's 20.6% growth.

New Zealand's building permits declined 3.6% month-on-month in June. The prior month's figure was revised downward to -4.9% from the previously reported -4.0%.