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
12:02

German Corporate Closures Hit 20-Year High in 2025, Up 10% to 180,000

According to a joint analysis by German credit reporting agency Creditreform and the Centre for European Economic Research released on August 18, over 180,000 German companies ceased operations in 2025, a year-on-year increase of nearly 10% and the highest level in 20 years. The data, reported by German news agency DPA, ranks 2025 as the second-worst year for business closures since 2007, when approximately 208,000 companies shut down. The hospitality sector was particularly affected, with aroun
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12:02

94% of Mainland Enterprises Plan to Expand into Belt and Road Markets, Choosing Hong Kong as Service Platform

According to the Hong Kong Trade Development Council on August 18, a report titled "Mainland Enterprises Going Global: Choosing Hong Kong as Service Platform" shows that 94% of surveyed mainland enterprises intend to expand into Belt and Road countries and regions, up significantly from 73% in 2023. Among 2,015 companies surveyed across key regions including the Pearl River Delta, Yangtze River Delta, Bohai Bay, and central-western areas, 91% plan to tap Southeast Asian markets, while over 40% t
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12:02

RBC Cuts EyePoint Price Target 86% to $5 After Wet AMD Trial Fails Primary Endpoint

According to RBC Capital and H.C. Wainwright, EyePoint Inc. (EYPT) shares remained under pressure on Tuesday after the company announced its Phase 3 wet age-related macular degeneration trial missed its primary endpoint. RBC downgraded EyePoint to 'Sector Perform' from 'Outperform' and slashed its price target by 86% to $5 from $37, citing clinical and regulatory uncertainty. H.C. Wainwright also downgraded the stock to 'Neutral' from 'Buy'. EYPT crashed 67% to a 16-month low on Monday and was d
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12:01

Yuantong International Express Reports HK$2.184B Revenue, Up 54.4% in H1 2026

Yuantong International Express (06123) posted revenue of HK$2.184 billion for the six months ended June 30, 2026, up 54.4% year-over-year, according to its interim results announcement. Net loss attributable to equity holders expanded to HK$61.691 million, a 2.1% increase from the same period last year, with basic loss per share at 14.76 Hong Kong cents. The widening loss was primarily driven by increased administrative expenses as the company strengthened investments in international expansion
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12:01

U.S. Diesel-to-Crude Crack Spread Hits Record $102.20/Barrel on August 18

According to BlockBeats, the crack spread between U.S. diesel and crude oil hit a record high of $102.20 per barrel on August 18, as crude prices fell while refined product prices climbed amid supply pressures from geopolitical disruptions and seasonal demand. WTI crude oil has broken through the downtrend line that formed since April, suggesting a potential reversal of the four-month decline. The rise in energy prices is driving up U.S. Treasury yields and bond rates across developed economies,
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BTC1.13%
12:01

Xuhui Holdings Plans to Issue 407.94M Shares to Settle 600M Yuan Debt on August 18

According to its official announcement, Xuhui Holdings Group (00884) on August 18, 2026 announced plans to issue approximately 407.94 million shares to settle approximately 600 million yuan in domestic bond debt through a debt restructuring scheme. The company previously repurchased and cancelled 1.1 billion yuan in bonds for 220 million yuan in December 2025. Under the equity option of the restructuring, bondholders holding 100 yuan in face value bonds have the right to receive cash equivalent
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12:00

Iran Reiterates Strait of Hormuz to Remain Closed Until U.S. Honors Deal Today

According to CCTV, Iranian Parliament Speaker Mohammad Bagher Kalibaff reiterated today (August 18) that the Strait of Hormuz will remain closed until the United States fulfills the conditions outlined in its memorandum of understanding with Iran, including lifting the naval blockade and sanctions on Iran and unfreezing Iranian assets.
11:51

Energy Fuels Completes $1.9B Acquisition of German Magnet Maker Vacuumschmelze

Energy Fuels, Canada's largest uranium producer, acquired German rare-earth magnet manufacturer Vacuumschmelze (VAC) for $1.9 billion on August 18, according to Sun Media. The acquisition positions Energy Fuels as one of the world's largest non-Chinese producers of magnets for aerospace, defense, and renewable energy sectors. The company plans to integrate rare-earth processing into its White Mesa uranium facility in Utah, the only fully licensed operating U.S. uranium mill with annual capacity
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11:45

Apple Plans iPhone 17 Global Price Hike Up to 1,000 Yuan per Unit Amid Chip Costs

According to BlockBeats, on August 18, Apple plans to raise iPhone 17 prices globally by up to approximately 1,000 yuan per unit by end of August, driven by surging storage chip costs. The company has already implemented price increases in Japan on July 17, with hikes ranging from 8% to 11.3% depending on model, translating to an increase of 540–835 yuan per device at prevailing exchange rates.
11:42

Trafalgar Takes 96.62% Voting Control as OTCQB Platform Starts With $111 in Cash and Zero Revenue

According to its SEC filing, Trafalgar Asset Management acquired 96.62% of voting control in Greater Cannabis Company on June 29, restructuring the OTCQB issuer into Trafalgar International, a fintech acquisition platform. The transaction involved the purchase of 7,628,665 Series A preferred shares and 1,000 Series B preferred shares, giving Trafalgar Asset Management majority authority over the board and substantially all shareholder matters. However, the company's quarterly filing reveals seve
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11:41

UK Labor Market Weakness Reduces Likelihood of September Rate Hike

According to ICAEW, on August 18, weaker UK labor market data has reduced the likelihood of a Bank of England rate hike in September. The accounting industry group noted that declining job vacancies signal weakening labor demand, and employers remain reluctant to hire, fire, or grant significant wage increases amid rising costs, global headwinds, and policy uncertainty. ICAEW Chief Economist Suren Thiru stated that the labor market remains in a 'low-flow stagnation' that should help suppress inf
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