Gate Crypto Flash News and Market Updates

According to analyst Ali Martinez, XRP rallied 22% in the last 24 hours to hit $1.26 on August 19, following announcements from the U.S. Treasury on increased government bond buybacks and President Trump's pro-crypto initiatives. The broader crypto market capitalization rose 8% to $2.5 trillion. Ali Martinez's $1.64 price target, which he predicted on August 9 when XRP traded at $1.04, remains above current levels. The analyst identified $1.06 as the key resistance level; a breakout could drive

According to Daily An, South Korea's KOSPI index rose 381.41 points (5.89%) to 6,852.58 on Aug 19 as U.S. Treasury announced expanded long-term bond repurchase plans and semiconductor stocks gained on renewed investor confidence. However, July's Federal Open Market Committee (FOMC) meeting highlighted persistent inflation concerns and potential further rate hikes by the Federal Reserve, creating headwinds for AI-related equities that rely on capital-intensive expansion. Market attention is now f

According to foreign investment banks, SK Hynix plans to distribute an additional 180 trillion won in shareholder returns through 2027, separate from its recently announced 40 trillion won in share buybacks and cancellations. Combined with existing programs, total shareholder returns could reach approximately 200 trillion won as the chipmaker benefits from rising semiconductor demand.

According to Kyiv Mayor Vitali Klitschko, Russian airstrikes struck the capital overnight on August 21, killing 8 people and wounding 33 others. Russia's Defense Ministry confirmed it conducted overnight strikes on a drone parts production facility and ammunition depot in Kyiv. President Zelenskyy stated that Russia also launched large-scale attacks on gas infrastructure in the Chernihiv region and that Ukrainian forces struck the Taneco oil refinery and oil terminals in Russia's Krasnodar regio

According to CME FedWatch as of August 21, the probability of the Federal Reserve maintaining interest rates unchanged in September is 63.8%, while the probability of a 25 basis point rate hike stands at 36.2%. For October, the probability of holding rates steady is 51.8%, with a 25 basis point hike at 41.4% and a 50 basis point hike at 6.8%.

According to Yomiuri Shimbun, Japan's Prime Minister plans to reshuffle the cabinet in mid-to-late September.

According to Yahoo Finance, Meta faces a lawsuit this week brought by attorneys general from California, Colorado, Kentucky, and New Jersey. The states accuse the social media giant of deliberately designing its applications to addict children and young users, while making false statements about platform safety. Specifically, the states allege Meta violated the Children's Online Privacy Protection Act (COPPA) by collecting data from users under 13 without parental consent and violated consumer p

According to Bloomberg, a Glencore-led consortium with Texas oil executive Albert Huddleston as anchor investor is seeking to acquire at least 55% of fully diluted shares in Canadian nickel miner Sherritt International Corp. The consortium, which includes one of Sherritt's largest creditors, is challenging the company's exclusive negotiations with Gillon Capital LLC and has filed for a shareholder vote.

According to Jin10 data on August 21, the U.S. military reported 18 deaths and 757 wounded personnel in Iran-related operations, while Iran's Revolutionary Guards warned that Houthi forces have dramatically increased combat capability and will deploy 'more severe' weapons. The Houthis claimed successful strikes against Saudi Arabia's Najran Airport and Saudi Aramco facilities in the region. Meanwhile, Iran and Oman neared completion of negotiations on Hormuz Strait shipping protocols, with Japan

According to the Financial Supervisory Service, foreign investors withdrew 31.6 trillion won from South Korea's stock market in July, marking the seventh consecutive month of net selling. Meanwhile, foreign investors engaged in net purchases in the bond market for the fourth consecutive month, shifting funds toward safer assets including government bonds and medium to long-term securities.

According to Yonhapinfomax, crude oil prices surged over 2% on August 20 (U.S. Eastern time) after U.S. Treasury Secretary Scott Bessent announced plans to impose sweeping economic sanctions on Iran. September WTI crude rose 2.33% to $87.83 per barrel, while October Brent crude climbed 2.36% to $93.78 per barrel on the New York Mercantile Exchange. Bessent told CNBC he would orchestrate "the largest coordinated economic isolation in global history" against Iran, noting that market participants e

According to Korea Economic Daily, JYP Entertainment's stock declined 24.62% since early July, falling to 40,100 Korean won on August 19 from 53,200 won on July 1. The broader entertainment sector recovered during the period, with competitor SM Entertainment gaining 1.77% and YG Entertainment losing only 8.41%, underscoring JYP's steeper decline. The sell-off follows Q2 earnings that missed analyst expectations: revenue fell 15.1% year-over-year to 183.1 billion won, and operating profit dropped

According to Oxford Economics analyst John Canavan, the U.S. Treasury's 4-week and 8-week bill auctions this week attracted strong demand. The Treasury's announcement to increase longer-dated repurchase operations may lead to modest offsetting increases in bill issuance, but insufficient to significantly weaken demand. Meanwhile, expectations of lower Federal Reserve rate increases, combined with elevated money market fund assets and their shortening duration, continue to support short-term Trea

According to Deutsche Bank strategists, Japan's currency intervention in April and May consumed more than half of its Treasury bill holdings. The decline in Treasury bill holdings in June was attributed to Japan rebuilding dollar deposits in the Federal Reserve's foreign reverse repurchase facility, the strategists estimated. Holding dollar deposits and utilizing proceeds from maturing Treasury bills is more economically rational, as yields on dollar deposits and short-term Treasury bills held i

According to Foresight News, on-chain reputation protocol Ethos announced the launch of token WHUF. The token will be auctioned on September 1, with auction allocation representing 20% of total token supply. The auction provides an 85% price guarantee, with initial fully diluted valuation (FDV) starting at $1 million and capped at $99 million.

According to U.S. Federal Reserve data, as of August 19, foreign central banks and monetary authorities held $373 billion in the Fed's reverse repurchase agreement (RRP) facility, up from $357 billion one week prior. Since August 5, the balance has increased by approximately $56 billion, marking the largest two-week rise since October 2022.

Brazil's Central Bank announced on August 21 it will not hold a foreign exchange swap rollover auction, according to its official statement.

According to Reuters, Nvidia denied on Thursday (August 20) a report from The Information claiming the company planned to begin shipping a China-specific AI chip by year-end. In a statement, an Nvidia spokesperson clarified: "Reporting regarding Nvidia's LPU is not accurate. We currently do not sell LPUs in the China market, and there is no China-specific LPU in our product roadmap." The Information earlier reported that two Nvidia employees stated the company intended to start small-volume ship

According to Walmart's official statement on August 20, the U.S. retail giant's U.S. sales growth for the second quarter (May–July) reached 5.9% year-over-year, marking its lowest level in six years. The company's stock declined over 9% following the results. Global e-commerce sales surged 23%, and advertising revenue jumped 38%, with digital and new business segments driving overall performance.

According to Defillama data on Aug. 20, decentralized finance TVL surged 9.15% to $83.216 billion, while spot DEX volume reached $10.886 billion—the first daily break above $10 billion since early June. Perpetual DEX platforms processed $36.72 billion in 24-hour volume. Hyperliquid led derivatives trading with $15.205 billion in 24-hour perpetual futures volume, capturing roughly 45% of total decentralized perpetual DEX volume. The platform's cumulative perpetual volume has reached $5.092 trilli