Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, on August 21, newly appointed Bank of Korea Deputy Governor Min-soo Kwon took office and stated he will not predetermine his monetary policy stance as hawkish or dovish, instead deciding based on economic data. In his first media comments, Kwon said the won-dollar exchange rate fundamentally should weaken on a medium-term basis, though recent moves have been driven by short-term capital flows. He emphasized future rate decisions will balance growth, inflation, and fin

Invesco announced a 20% management fee reduction on its Core Real Estate, USA fund (ICRE), a $12.7 billion institutional real estate vehicle, effective through December 2027. The move addresses a $2.2 billion redemption queue as commercial real estate sector pressures mount. The asset manager also committed up to $150 million of internal capital to the fund and launched a tender offer allowing redemptions at 95% of net asset value. New investors committing at least $10 million will receive zero

According to Reuters, Nvidia has denied a report that it plans to ship a China-specific language processing unit by the end of 2026, saying no such product is on its roadmap. An Nvidia spokesperson told Reuters the company has no LPU sales in China and no China-specific LPU product planned. The denial follows The Information's report that Nvidia was preparing small-batch shipments of an inference processor developed with technology licensed from Groq, designed to comply with U.S. export controls

According to Wired, a simulated cyberattack scenario highlighting China's potential to target U.S. civilian infrastructure has influenced market pricing for geopolitical risk. Market odds for a Chinese invasion of Taiwan by the end of 2027 rose from 12% to 13.5% over the past 24 hours, reflecting increased perceived threat levels among market participants following the cyber simulation report.

According to Jin10 Data, on August 21, domestic gold jewelry prices rose 6-8 yuan per gram compared to the previous day. Most brands' prices are trading between 1,361 and 1,365 yuan per gram.

Nasdaq launched the Nasdaq-100 Enhanced Growth Index on August 14, its first optimization in 40 years, raising weightings in AI supply-chain leaders including Nvidia, Broadcom, Micron, ASML, and AMD while reducing constituents to 30. From July 30 to August 14, Fubon Nasdaq Select ETF (009820) tracking the enhanced index gained 14.5%, outperforming the Nasdaq-100's 6.9% gain. The outperformance reflects strong U.S. tech fundamentals: S&P 500 earnings grew 47% year-over-year in Q2, and the informa

According to BlockBeats, on August 21, leveraged traders shifted from AI stocks to the crypto market via Hyperliquid and biotech sectors, according to analyst Serenity, who believes this reallocation may help AI stocks recover faster. The move comes as South Korea's EWY ETF rose, driven by SK Hynix's stock buyback program and Samsung's wafer fabrication pricing increase of approximately 10 to 15 percent. Serenity noted that SK Hynix disclosed its CPO roadmap involving photonic interconnect layer

According to ChainCatcher, analyst Ali Charts stated on X that Bitcoin has established strong support between $61,849 and $63,111, a zone where over 2 million BTC changed hands previously. Based on UTXO realization price distribution data, Charts noted minimal resistance ahead. If Bitcoin breaks through $75,733, the next major supply cluster will emerge around $83,307 to $84,569, where approximately 1 million BTC exchanged hands.

According to Kpler data, on Thursday (Aug 21), Hormuz Strait vessel traffic dropped to 7 tankers, down from 14 on Wednesday, amid escalating regional security concerns as US-Iran peace negotiations remain stalled. Among the vessels transiting the chokepoint, 4 entered the strait while 3 exited. No very large crude carriers (VLCCs) or liquefied natural gas (LNG) tankers passed through the waterway on Thursday. However, one large-scale gas carrier transporting propane and butane exited via an Iran

According to Jin10, on August 21 at 11:31 AM, Chinese futures markets saw mixed fund flows. Lithium carbonate 2701 recorded inflows of 1.916 billion yuan, while silver 2610 and gold 2610 attracted 1.729 billion yuan and 624 million yuan respectively. On the outflow side, CSI 500 2609 and CSI 1000 2609 experienced 4.026 billion yuan and 3.184 billion yuan in withdrawals. 10-year Treasury futures 2609 also saw outflows of 1.84 billion yuan.

According to Jin10, offshore yuan Hong Kong Interbank Offered Rates (CNH HIBOR) on Aug 21 showed mixed performance. One-year HIBOR declined to 1.66758%, marking the lowest level since July 21. Overnight HIBOR fell 4 basis points to 1.37417%; one-week HIBOR dipped to 1.42303%, touching its lowest since Aug 13; two-week HIBOR dropped to 1.43242%.

According to Nethermind's announcement, the Ethereum engineering firm has ended its role as a LayerZero Decentralized Verifier Network participant and moved its cross-chain node operations to Chainlink CCIP. Nethermind will now operate as a Chainlink CCIP node operator, joining Chainlink's growing set of infrastructure providers.

According to JPMorgan, on August 19, Moderna's INT personalized neoantigen therapy met primary and key secondary endpoints in Phase III adjuvant melanoma trial. The bank maintained Underweight rating and $40 price target, representing 36% downside from current $63, noting the market had already priced in the positive result before announcement. JPMorgan views melanoma success as contributing only limited upside, with Moderna's performance in non-melanoma indications as the key valuation driver.

According to Alternative.me, the crypto Fear and Greed Index rose to 72 on August 21, marking its highest level since October last year and up from 62 yesterday, indicating the market remains in a greedy state.

According to Odaily, the trader 'Target 10 Major Goals' on Binance increased their BTC short position to 546.314 coins via 5x leverage at an average entry price of $74,493.23. The trader simultaneously expanded their 7x leveraged ETH short position to 10,000 coins at an average entry price of $2,346.83.

According to Hyperbot data, Huang Licheng (known as Maji Dage) increased his 40x leveraged Bitcoin long position to 193 BTC, valued at approximately $14.36 million with an average entry price of $74,217.6. The trader also holds 25x leveraged Ethereum positions (19,050 ETH), 10x leveraged HYPE positions (191,000 HYPE), and 10x leveraged PUMP positions (2.175 billion PUMP).

According to Binance spot trading data, trader "先定10个大目标" opened a new 7x leveraged ETH short position today with 6.344 ETH at an average entry price of $2,346.83, while increasing their 5x leveraged BTC short position to 96.363 BTC at an average entry price of $74,542.92.

According to BlockBeats and HTX Research analyst Chloe, Bitcoin surged from approximately $64,000 to above $70,000 during the week of August 21, gaining roughly 18%, while Ethereum climbed above $2,350 with weekly gains exceeding 20%. High-beta assets including SOL, XRP, and HYPE also rallied in tandem, indicating the market has shifted from a single-point Bitcoin rebound to broader cryptocurrency beta trading. The rally was supported by three key factors: the U.S. Treasury announced it will at

According to Jin10, on August 21, China's Vice Finance Minister Liao Min stated at a State Council Information Office press conference that over 2 trillion yuan in local government special-purpose bonds and ultra-long-term special treasury bonds remain to be issued and utilized in the second half of 2026. The pending issuance scale represents a historically large volume for the same period, enabling the government to maintain policy intensity.

According to Vice Finance Minister Liao Kun at a State Council press briefing on August 21, China has issued 2.4 trillion yuan in special-purpose bonds through July 2026, supporting 18,000 construction projects. The bonds have been deployed to fund infrastructure and development initiatives across the country.