Gate Crypto Flash News and Market Updates

According to sources, optical connectivity solutions provider AdvanTech has launched pre-IPO financing targeting up to 2 billion yuan, with participation from Singapore's Temasek, Morgan Stanley's private equity division, and CPE. The company submitted its Hong Kong listing application in May and is seeking approximately 500 million U.S. dollars with an estimated valuation of 30 billion to 40 billion U.S. dollars, according to its preliminary prospectus.

According to News1, Korean retail investors made net purchases of $4.64 billion in U.S. stocks in July, marking the year's highest monthly inflow, as major indexes rallied for four consecutive trading days through August 4. The Nasdaq surged 8.77%, the S&P 500 rose 5.75%, and the Dow Jones climbed 4.83%. The rally was driven by the Federal Reserve's neutral policy stance, strong earnings from Microsoft and other tech companies, and eased Middle East tensions. However, analysts note this appears

According to market reports, Samsung Asset Management has captured 62% of South Korea's single-stock leveraged ETF market (measured by net assets) since the government-backed products launched approximately two months ago. The firm also controls 83% of total market operating profits, demonstrating overwhelming dominance as the sector enters a stabilization phase following regulatory measures.

According to China's National Radio and Television Administration, 3.85 million infringing links were removed in July 2026 as part of the agency's crackdown on unauthorized distribution of popular TV dramas. The authority processed 385 infringing accounts during the same period and added Xunlei, a major peer-to-peer platform, to its list of priority monitoring targets.

According to Bank of Korea, the central bank established an Asset Tokenization Division under its Digital Currency Department on August 5. The new division will oversee the tokenization of government bonds and other assets as part of the bank's central bank digital currency (CBDC) strategy. The initiative is part of Project Hangang, which aims to create an integrated ledger platform combining central bank money, bank deposits, and tokenized assets. The bank plans to advance to phase two testing

According to President Trump's statement on Fox News on August 4, the U.S. and Iran held day-long negotiations with positive progress, and Trump expects the blocked Strait of Hormuz to reopen soon. Trump warned that if Iran backs out again, the U.S. will respond with "very heavy blows." According to Axios, citing Middle East sources and a U.S. official, the two nations are nearing a temporary agreement to restore shipping through the strait, with the U.S. hoping to announce a deal by August 5. H

According to The Kobeissi Letter, the S&P 500 and Dow Jones closed at record highs on Tuesday (August 4), driven by diplomatic progress toward reopening the Strait of Hormuz. The S&P 500 advanced 1.79% to 7,736.52, while the Dow Jones rose 1.71%, or 907 points, to 54,085.88. The Nasdaq Composite outperformed both, gaining 2.59% to 26,584.99, and the market added approximately $1.2 trillion in capitalization. Crude oil fell roughly 5% amid signals that a deal to restore full commercial transit co

According to Chosun Ilbo, LG Uplus has acquired Pgo Networks, a South Korean managed detection and response (MDR) provider. The acquisition marks the South Korean telecom company's first deal in seven years and aims to strengthen its security capabilities and expand cybersecurity services for enterprise customers. The acquisition price was not disclosed.

According to Foresight News, liquidators of cryptocurrency hedge fund Three Arrows Capital filed a lawsuit on August 5, 2026, against Evelyn Tao Yaqiong, wife of co-founder Zhu Su, seeking 146 million dirhams ($40 million) from the sale of a Dubai villa in January 2024. The liquidators stated that Zhu Su purchased the property in June 2022 using $50 million in company-provided cryptocurrency loans and transferred it to his wife around October 26, 2023. Evelyn Tao is contesting the lawsuit, claim

According to HSBC CEO Georges Elhedery in a second-quarter earnings call on August 4, the bank's Corporate and Institutional Banking division has secured 70 IPO mandates across Asia, with 40 mandates in Hong Kong, marking significant progress compared to prior years. Elhedery noted that HSBC's trade lending grew 30%, demonstrating strong execution in a key business area. The bank is benefiting from the "Asia buying Asia" trend, a shift the bank is uniquely positioned to capture relative to peers

According to Asia Economy, on August 5, Tiger Alternative Investment Management CEO Kim Yong-hoon faced retaliatory dismissal after reporting internal compliance violations to South Korean financial authorities. The company's 50% shareholder, Tiger Asset Management, moved to remove Kim and reinstate a former executive who had been fired for unauthorized use of the company seal on over 500 documents and improper concurrent positions violating conflict-of-interest rules. Kim had self-reported the

According to Jin10, six forex options contracts with notional values exceeding $1 billion each will expire on August 5 at 22:00 Beijing time. The expiring contracts span major currency pairs including EUR/USD, USD/JPY, GBP/USD, and AUD/USD.

According to on-chain analyst Ai Yi, the address linked to Hyperliquid KAITO TOP1 position added $1.953 million in USDC collateral earlier today. The address 0x2be...f8082, along with another wallet, opened a combined $6.94 million 5x long position on August 3 at entry prices of $1.1178 and $1.1117 per KAITO.

According to monitoring platform Beating, Yanyutech, the parent company of AI design agent Lovart, is nearing completion of a new funding round that could value the company at $3 billion. The company is simultaneously in preliminary discussions with advisors regarding a potential Hong Kong IPO. Yanyutech completed a Series B+ round of approximately $300 million in June with a post-investment valuation exceeding $2 billion. As of May, the company's ARR (annual recurring revenue) surpassed $300 mi

Brent crude oil broke through $80 per barrel today, with a daily gain of 0.81%.

Spain's composite PMI reached 56.5 in July, up from 53.3 in June, indicating strengthened economic activity.

UK 10-year gilt yields fell to 4.889%, marking their lowest level in over three weeks.

Spain's services sector PMI rose to 58.3 in July, exceeding expectations of 54.9 and climbing from the previous month's 54.2, according to official economic data.

According to Korean media reports, SK Hynix subsidiary Solidigm is seeking pre-IPO funding with a target valuation of KRW 50 trillion, reportedly preparing for a Nasdaq listing. Solidigm, established by SK Hynix in 2021, operates as the company's U.S. subsidiary and manages Intel's former NAND flash and SSD business.

According to RootData, Binance, Hyperliquid, and OKX rank as the top three stock derivatives exchanges with 24-hour trading volumes of $23.75 billion, $6.06 billion, and $5.81 billion respectively, up 21.30%, 27.94%, and 21.20% in the past 24 hours. Among top ten exchanges, MEXC, Gate, and Bitget saw the largest gains, surging 93.50% to $1.97 billion, 31.72% to $2.70 billion, and 11.46% to $2.69 billion respectively. Coinbase declined 16.92% to $56.67 million.