Gate Crypto Flash News and Market Updates

According to ChainCatcher, on August 20, President Trump stated that artificial intelligence's influence could exceed the internet and surpass anything humans have experienced, while calling for measures that strengthen regulation without limiting AI industry development. Trump emphasized that the U.S. currently leads in AI globally and should advance AI infrastructure, including data center and power facility construction. He noted that AI companies are building new power generation facilities

According to CryptoSlate, Nasdaq-listed AIxCrypto Holdings announced on August 20 an ordered liquidation of its cryptocurrency holdings as of June 30. The company held 46 BTC, 616 ETH, 6,659 SOL, 1,308 BNB, and smaller positions in ADA, LINK, TRX, USDT, and XRP, with a cost basis of $10.43 million but a fair value of only $5.21 million, representing unrealized losses of approximately $5.22 million or 50%. The company is shifting focus to its RoboShare robot rental platform and completed its firs

According to Fox Business, several cryptocurrency industry executives, including Brian Armstrong, Chris Dixon, Brad Garlinghouse, and Arjun Sethi, met today with U.S. Commerce Secretary Howard Lutnick ahead of remarks by President Trump and industry leaders at the White House. The group discussed the importance of passing the Clarity Act, its potential impact on U.S. employment and economic growth, and the possibility of bringing crypto entrepreneurs and companies back to America. Participants a

China's five-year loan prime rate (LPR) remained at 3.5% in August, unchanged from the previous month's rate. The central bank maintained the benchmark lending rate amid ongoing economic conditions.

According to Nick Timiraos, the U.S. Treasury announced it will increase the maximum repurchase limit for long-term nominal coupon-bearing Treasury securities from $2 billion to at least $4 billion, effective September 9. Timiraos noted the timing is noteworthy: the announcement came roughly two weeks after the Treasury's last quarterly refinancing statement and hours before the planned issuance of $16 billion in 20-year bonds, potentially suggesting Treasury officials are concerned about curren

According to Bloomberg, Goldman Sachs is gauging investor demand for approximately $1.15 billion in junk bonds to fund the Digital Drive data center in Virginia, to be leased by CoreWeave, with issuance expected in September. CoreWeave, rated as speculative-grade credit, faces higher financing costs than projects backed by major tech firms like Alphabet. A comparable Galaxy Digital bond backed by CoreWeave leases achieved a 10% yield last month amid tightening investor demand for AI infrastructu

According to Yonhapinfomax, The Plaza hotel operated by Hanwha Hotels & Resorts will close its doors on September 30 for a major renovation marking its 50th anniversary. The property will undergo approximately three years of comprehensive renovation starting in early 2027, resulting in revenue impact from the fourth quarter of 2026. Despite the closure, the impact on overall company performance is expected to be limited due to significant operational improvements following the acquisition of Our

According to the union, Kakao Bank's entire membership will launch a five-day strike from August 31 through September 4, marking the union's first extended continuous action. The union cited the company's failure to provide substantive counterproposals after previous one-day strikes and compliance struggles, with union chairman Seo Seung-wook stating that the company had sufficient time and opportunity to resolve the dispute but showed no real change. The union warned that the prolonged staffing

According to the Wall Street Journal, four U.S. Senators led by Chris Van Hollen demanded on Wednesday (August 20) that Federal Reserve Chair Kevin Waller publicly disclose all communications with President Trump. The Senators questioned whether Waller's public schedule omitted calls with Trump despite reports of frequent phone contact between them since his appointment. White House National Economic Council Director Kevin Hassett previously stated that Waller maintains regular economic discussi

According to CFTC, the U.S. Commodity Futures Trading Commission issued supplemental orders against former Alameda CEO Caroline Ellison and former Alameda/FTX co-founder Gary Wang. Ellison received a 5-year trading ban and 10-year registration ban, while Wang received a 5-year trading ban and 8-year registration ban, effective from the initial order date of December 23, 2022. The CFTC cited their substantial cooperation in the agency's investigation and related criminal proceedings, including gu

According to China's Ministry of Commerce, the country's retail sales of consumer goods and services rose 2.6% in the first seven months of 2026. Total retail sales of consumer goods reached 28.77 trillion yuan, up 1.2% year-over-year, with retail sales excluding automobiles increasing 2.7%.

According to Jin10 Futures, crude oil prices continued to rise on August 20, driving fuel oil markets higher with a bullish sentiment. Refineries held back supplies at lower prices while pushing up asking prices, while downstream processors maintained cautious buying attitudes despite adequate processing margins.

According to Jin10 Futures, as of 8:45 today, CNEX money market sentiment index stood at 49, up 1 point from yesterday 4 p.m. Large banks, mid-sized banks, and non-bank financial institutions reported sentiment indices of 48, 50, and 48, respectively, each rising 1 point.

According to Jin10 Futures, on August 20, South China LPG market remained steady with upside potential driven by firmer international oil prices and reduced dock-to-vessel shipment plans. Refineries held prices steady while port traders executed multiple upside transactions. International oil prices and external markets extended their gains, providing support, while easing supply pressures contributed to the bullish sentiment.

According to Axios, Stripe has confirmed the acquisition of AI routing platform OpenRouter for over $80 billion, primarily paid in stock. The payment giant stated in an investor letter that maintaining its private structure is optimal for what it calls "the beginning of the singularity," citing this as a critical inflection point for long-term trends. The company indicated IPO plans will remain on hold to pursue acquisitions and long-term investments without diluting existing shareholders. Strip

According to Hana Securities, on August 20, the brokerage maintained Naver's target price at 400,000 Korean won and designated the current price as a "zone of conviction to buy," with potential for further upside as the Neocloud business scales. Analyst Lee Jun-ho stated that Nvidia is directly executing equity investments in Naver as a "core strategic outpost" for global AI infrastructure expansion. Hana Securities forecasts Neocloud revenue will rise from 1.3 trillion won in 2027 to 12.4 trill

According to Fortune, Coinbase has selected Abu Dhabi as its international tokenization hub to drive real-world asset (RWA) tokenization and expand its presence in the Middle East and global markets. The move leverages Abu Dhabi's regulatory framework and policy support for digital assets.

According to its H1 2026 half-year report, Chinese AI company Kunlun Tech's first-half revenue rose 43.55% year-on-year to 5.4 billion yuan (US$795 million), with net profit of 1.1 billion yuan (US$161 million) compared to a loss of 856 million yuan a year earlier. The company's Tiangong AI business, also known as Skywork AI, drove growth with annualized recurring revenue reaching over US$800 million in Q2.

According to BlockBeats, Nebius Group announced on August 20 plans to issue $4.5 billion in convertible preferred bonds via private placement, comprising $2.75 billion bonds maturing in 2030 and $1.75 billion bonds maturing in 2034. The proceeds will fund data center construction and expansion, development of its full-stack AI cloud platform, expansion of data center infrastructure, and GPU equipment procurement. The company also plans private exchange transactions with certain convertible bondh

According to BlockBeats, on August 20, Goldman Sachs is testing investor demand for a $1.15 billion junk bond issuance to finance a data center leased to AI cloud computing company CoreWeave. The project, developed by PowerHouse Data Centers and Chirisa Technology Parks, is located near Richmond, Virginia, and is expected to enter the market as early as September.