Gate Crypto Flash News and Market Updates

Ripple has raised $275 million through a private placement of senior unsecured notes, with proceeds directed to Ripple Prime, its non-bank prime brokerage unit, to support US clearing, financing and brokerage activities. The debt carries an 8.25% coupon and matures in 2031, receiving a BBB investment-grade rating from KBRA. This follows a $200 million raise in May at a $40 billion valuation, as Ripple Prime continues scaling operations following its acquisition of Hidden Road in April 2025.

According to HyperliquidNews, TradeXYZ reached $500 billion in trading volume in just under 9 days, with the platform adding $25 billion in new trading volume in that timeframe. The exchange achieved this milestone significantly faster than its earlier pace, when it took 107 days to reach the first $25 billion in trading volume.

According to Odaily Meme Speeding, Cash Cat (also referred to as Flap to Pancake), a meme token on the BSC network, is receiving significant community attention on Aug 20, with a current market cap of $740K. Grok observers note the token's design references a hidden cat motif on Chinese currency, comparing it to a Chinese version of Cash Cat.

According to Odaily, Japanese bitcoin treasury company Remixpoint updated its crypto asset valuation today, reporting overall unrealized gains of approximately 423 million yen, improving by about 237 million yen since the end of June. Bitcoin holdings alone contributed approximately 433 million yen in gains.

According to predict.fun, DK holds a 47% probability of defeating HLE in today's LCK Stage 3 BO3 match at 4 PM. DK currently leads KT by one map point with an additional game remaining, meaning a single map victory in either of its remaining two BO3 matches would secure their playoff spot.

According to JPMorgan Chase on August 20, SK Hynix may provide additional $130 billion in shareholder returns by 2027. The South Korean chipmaker announced a 40 trillion won ($29 billion) stock repurchase plan and raised its shareholder payout commitment to at least 50% of cumulative free cash flow from 2025–2027, up from a maximum of 50% previously. JPMorgan analyst Jay Kwon projected the updated policy will generate at least 180 trillion won in additional shareholder returns, equivalent to 16%

South Korea's KOSPI index surged 5.9% on August 20, driven by foreign net buying of 1.7 trillion won and a rally in semiconductor stocks. SK Hynix announced a major shareholder return program, triggering broad gains across large-cap chipmakers. The KOSDAQ index rose approximately 2%, with Altogen jumping over 11% during the session. Strong buying momentum triggered automatic buy-side circuit breakers during intraday trading.

According to Jin10, spot gold retreated on Thursday (Aug 20) after rallying overnight, dropping 0.6% to around $4,490 per ounce. The pullback came as investors locked in profits following positive U.S. Treasury liquidity news. Gold had earlier climbed to $4,525/oz, marking its highest level since June. Ilya Spivak, global macro strategist at Tastylive, noted that the sharp rally was followed by market consolidation. He added that if gold stabilizes above the $4,400–$4,500 range, upward momentum

According to Onchain Lens, a whale has accumulated 98,500 HYPE from Coinbase Prime over the past two weeks, valued at approximately $6.11 million, with the latest withdrawal comprising 42,460 HYPE ($2.93 million).

According to Ukraine's Prime Minister, Russia recently attacked a food warehouse and a Red Cross facility in the Kyiv region.

According to Jin10, Bulgaria's Defense Minister Dimitur Stoyanov said on August 19 that there is no intelligence suggesting the country faces a direct threat from Iran. Stoyanov stated he had contacted the country's intelligence agencies, and information from these channels differs from a Financial Times report suggesting Iran may target U.S. military facilities in Southeast Europe. According to an intelligence document received by Stoyanov, the risk of Iranian attack on U.S. military facilities

According to Jin10 and Iraq's Oil Ministry spokesperson Salim Rikami on August 20, Iraq plans to construct a new oil pipeline from the Basra oilfield through Hadithah to Syria's Banias and Turkey's Ceyhan ports, with a projected construction timeline of 2 to 3 years following agreement signing. The pipeline is designed to transport 2 million barrels per day, with an estimated project cost of $15 billion.

According to Rapid7, the cybersecurity firm recently discovered Operation ASTERIX, a cryptocurrency fraud campaign combining mass account enumeration, phishing emails, voice-phishing calls, and counterfeit wallet applications to steal users' recovery phrases. The campaign used exposed infrastructure to target 885,000 phone numbers across multiple countries, with automated tools confirming 43,066 Crypto.com accounts from a 316,002-number German dataset, producing a 13.6% hit rate. The attackers c

EUR/USD rose 0.1% to 1.1687, marking its highest level since May 14.

According to BlockBeats, Strategy's bitcoin holdings saw unrealized losses narrow to 7.53% ($4.77 billion) on August 20, as BTC rallied to $69,711 on HTX. The position, which previously posted losses exceeding $10 billion, holds 840,447 BTC with a total cost basis of $63.36 billion.

According to News Tomato, the Korean won-dollar exchange rate returned to the 1,390 won level on August 20 morning, as the stronger dollar trend that had persisted over the past three months showed signs of stabilizing. The currency pair has declined 117.8 won (7.81 percent) in the past three months. The stabilization in the exchange rate is providing relief to domestic-focused stocks, as major domestic-oriented sectors are showing clear recovery in their first-half earnings.

According to PANews, MiniMax launched MiniMax Design, a multimodal creation agent workbench, today (August 20). The platform is designed to unlock the productive capabilities of the company's native H3 video model and integrate it into commercial content production workflows. MiniMax Design enables users to input creative requirements, after which the agent understands objectives, decomposes tasks, and invokes corresponding models and skills to handle material processing, content generation, edi

According to Bank of America's August 19 report, Marvell signed a warrant agreement with Google for custom chip collaboration valued at up to $120 billion in cumulative purchases, with Marvell receiving approximately 60 million shares. While the market worried about Broadcom's TPU supply share, BofA found that Marvell's role is limited to XPU peripheral chips, with core compute chips remaining under Broadcom's control. BofA estimates Google's capital spending over the next five years will reach

According to Gaon Electric's announcement on Aug 20, its U.S. subsidiary LSCUS secured a 200 billion won contract to supply bus ducts for an American AI cloud data center project through 2027. The company also disclosed it is negotiating additional projects valued at two to three times the current contract size, indicating potential further expansion in North America's AI data center infrastructure market.

According to Bloomberg, President Donald Trump stated on Wednesday at a White House crypto meeting that CFTC Chairman Michael Selig is working to bring Hyperliquid into the United States in a "fully compliant and legal fashion." HYPE traded at $69.11 on Thursday, up 18.41% in 24 hours, CoinGecko data shows.