Gate Cryptocurrency News and Market Analysis

Fidelity and Blackrock drove $61.16 million in net outflows from bitcoin ETFs on Wednesday, reversing the previous day's modest rebound. Fidelity's FBTC recorded $46.82 million in redemptions while Blackrock's IBIT added $14.34 million in withdrawals. The exits occurred as redemptions resurfaced in

Samsung Electronics and SK Hynix are projected to generate combined operating profit approaching 1000 trillion won by 2027, according to KB Securities Research Director Kim Dong-won on the 13th. Despite this earnings trajectory, both Korean stocks trade at price-to-earnings ratios around 3x based on

Coherent Corp. (COHR) received a wave of price target increases from Wall Street analysts after the company delivered stronger-than-expected fourth quarter results and issued an upbeat outlook. According to TheFly, analysts at Needham, Raymond James, Rosenblatt, Northland and B. Riley all raised the

Aptos is expanding real-world asset tokenization through an integration with Archax, an FCA-regulated digital securities exchange, bringing more than 100 Financial Conduct Authority-regulated assets onto the blockchain. The initiative launches with the MembersCap Tokenized Global Reinsurance

Bitcoin has been unable to sustainably break above $67,900 for the past two months, according to crypto analyst Murphy. The resistance level represents the average cost basis for investors who have held Bitcoin for less than three months, creating sustained selling pressure that prevents upward

Britain's Financial Conduct Authority and HTX are in settlement talks over the regulator's claim that the exchange illegally promoted crypto services to UK consumers, with London's High Court pausing proceedings until late August to allow the two sides to reach terms, Reuters reported from court

Delio CEO Jeong Sang-ho received a 15-year prison sentence from the Seoul Southern District Court on Aug. 13 for embezzling about 70 billion won, or $49.2 million, in customer crypto assets and submitting false documents during the company's registration as a virtual asset service provider. The

Bitcoin stayed range-bound below $64,000 on Thursday as soft inflation data failed to lift crypto market sentiment. July's Consumer Price Index showed core inflation at 2.5% and the headline rate stayed flat, while the Producer Price Index for final demand was unchanged in July with services

Ether.fi, an Ethereum-focused decentralized finance platform, announced Thursday the addition of tokenized asset trading, portfolio-backed loans, and fiat accounts to its self-custodial app. The platform now supports trading of tokenized stocks, metals, and crypto assets, with an integrated

Databricks closed a $5 billion funding round at a $190 billion valuation on Thursday, the data analytics software company announced. The funding will support enterprise AI capabilities, including its Unity AI Gateway governance tool and Genie agentic tool. The round comes six months after Databricks

The CNBC Investing Club portfolio delivered mixed results between monthly meetings as the AI trade rebounded, with the Nasdaq climbing 2.7%, the S&P 500 gaining 2.6%, and the Dow advancing 2.3%. Three stocks surged—Microsoft up 22.8% after July 29 earnings, Eaton up 16.1% following July 31 results,

Thunes introduced EURC prefunding for eligible members of its Direct Global Network, allowing the use of Circle's euro-backed stablecoin for treasury funding and cross-border payment operations. The expansion adds EURC to Thunes' existing stablecoin liquidity infrastructure and builds on the

IREN Limited delivered Horizon 1, its first 50MW AI data center, to Microsoft on Thursday, driving the stock up 7.2% in pre-market trade. The milestone occurred under a five-year, $9.7 billion cloud services agreement announced in November 2025. Nvidia granted IREN 'Exemplar Cloud' status after

The United Arab Emirates reportedly released billions of dollars in frozen Iranian assets on August 11 and 12, including approximately 1.5 tonnes of gold valued between $200 million and $283 million, according to reports from The Hormuz Letter and sources on X. Bitcoin price moved back

The U.S. Bureau of Labor Statistics released July Producer Price Index data on Aug. 13 showing final-demand prices flat month over month, below the 0.2% forecast, while annual PPI inflation slowed to 4.7% from 5.5% in June. The unchanged monthly reading resulted from a 0.7% decline in goods prices o

The US Dollar Index (DXY) declined to 99.895 as of 7:42 AM ET on the 13th, down 0.105 points (0.105%) from the prior close of 100.00, according to Yonhap Infomax. The dollar weakened in tandem with falling international oil prices, with West Texas Intermediate (WTI) crude for September delivery

Trezor disclosed Thursday that a data breach at ShipMonk, one of its shipping providers, exposed personal information belonging to 13,689 customers who placed orders between May 10 and August 8. The breach occurred when an unauthorized party accessed ShipMonk's systems holding customer data, with Sh

Financial Times published an analysis by Ara Darzi, director of Imperial College London's Institute of Global Health Innovation, examining Western pharmaceutical dependency on Chinese supply chains. The article references a Council on Foreign Relations report from this year stating China supplies

Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million staked Ether tokens generating an estimated $257 million in annualized revenue, according to a company announcement on Monday. The staking income funds the company's operations and share buyback program,

Gold futures surged 11.35% in August, with December delivery contracts closing at $4,465.42 on the New York Mercantile Exchange on August 12 (local time), up from $4,005 on July 13. The recovery followed growing expectations that the US Federal Reserve will hold interest rates steady, triggered by w