Gate Crypto Flash News and Market Updates

According to CCTV, U.S. Defense Secretary Austin stated on August 13 that the U.S. Navy has sufficient resources to maintain an indefinite naval blockade of Iran and can rotate deployed vessels as needed. Austin told media: "The U.S. Navy is fully capable of sustaining such a blockade for as long as we choose. We will continue rotating deployed ships as we have done previously."

On Wednesday, the Blockchain Association filed an amicus brief supporting Custodia Bank's petition for Supreme Court review of the Federal Reserve's denial of its master account application. Custodia, a Wyoming-based crypto bank providing custody and payments services, has been seeking a master account to settle payments directly with the central bank. The Blockchain Association argues the Fed's denial threatens the dual banking system and could give federal regulators a way to deny lawful busin

According to an interview on Fox Business on Thursday morning, Citigroup CEO Jane Fraser said she would like to see the Clarity Act—landmark cryptocurrency legislation—passed into law, even as concerns over stablecoin reward provisions persist. Fraser said she remains worried the bill's treatment of stablecoin yields could have a detrimental impact on traditional bank deposits and lending, though she believes overall legislation would be beneficial. "We have not given up on pushing to get some i

Turkish Foreign Minister stated on August 13 that Turkey expects the United States to exert necessary pressure on Israel. He warned that if the U.S. does not do so, Turkey, Qatar, and Egypt will be forced to take more aggressive measures on the issue, citing it as their responsibility to their nations, peoples, and Palestinians.

According to Onchain Lens, Hyperliquid destroyed 19,750 HYPE tokens over the past 24 hours, valued at $1.13 million. Cumulatively, the protocol has burned 47.67 million HYPE, representing $2.75 billion and 4.77% of the maximum supply of 1 billion tokens. During the same 24-hour period, Hyperliquid generated $1.6 million in protocol fees.

According to Standard Chartered analyst Geoffrey Kendrick, Robinhood Chain neared $1 billion in total value locked (TVL) as of mid-August, marking the fastest growth rate among all blockchains. Uniswap V2, V3, and V4 provide virtually all of the chain's liquidity needs. Since a Robinhood-linked fee switch was activated on July 27, the UNI burn rate has roughly doubled to an annualized pace of approximately $90 million, equivalent to roughly 25 million UNI tokens or just over 4% of circulating su

According to EU Sentinel-2 satellite imagery reported by Bloomberg, a second supertanker moored at Jubail on Thursday, a key single-point mooring facility at the Kingdom's main oil export hub in the Persian Gulf. The vessel can carry approximately 2 million barrels of crude oil. The Jubail facility is part of the larger Ras Tanura export complex.

According to EU Sentinel-2 satellite imagery released Thursday, a second supertanker has moored at a single-point mooring facility at Saudi Arabia's Ju'aymah oil export terminal in the Persian Gulf, signaling a potential recovery in loading activity at the hub. The supertanker can carry approximately 2 million barrels of crude oil. An adjacent mooring facility that held another vessel on Tuesday is now empty, further indicating increased activity at the export complex.

According to BlockBeats, on August 14, Bitcoin and Ethereum options will expire with significant open interest concentrated around key strike prices. Bitcoin's notional open interest reaches approximately $1.28 billion, with maximum pain at $64,000 and the highest concentration of call options at $68,000, followed by the $70,000–$72,000 range. Ethereum's notional open interest stands at approximately $161 million, with maximum pain at $1,900 and peak call concentrations at $1,950 and $2,000. Bit

The three-month correlation between US Treasury yields and stock returns recently reached its highest level since 1997, with the 120-day measure surpassing 50%, a level not seen since the years preceding the dot-com bubble burst in the late 1990s, according to market data. Rising inflation is breaking the traditional negative correlation between stocks and bonds, potentially pressuring both bond prices and equity valuations simultaneously. Citigroup research notes that high nominal yields alone

According to Nakamoto's Thursday statement, the Bitcoin operating company reported first positive adjusted operating income of $7.3 million for the quarter ended June 30, 2026, marking a turning point despite posting a $133 million GAAP net loss. Total quarterly operating revenue reached $35.9 million, comprising $25.6 million from media and asset management operations and $10.4 million from Bitcoin treasury and derivatives strategy. Nakamoto ended the quarter holding 4,467 Bitcoin, valued at ap

On Tuesday (August 12), the Office of the Comptroller of the Currency announced it is actively reviving de novo bank chartering for crypto companies, with 40 applications received over the past 18 months—compared to fewer than four per year during 2011–2014. Comptroller Jonathan V. Gould said entities engaging in legally permissible activities, including those involving digital assets, should have a path to becoming a national bank. Erebor Bank, backed by Founders Fund investors, became the firs

According to CryptoQuant, Bitcoin is showing signs of macro bottom formation this week, with on-chain metrics indicating long-term holders are now carrying losses greater than the broader market—a pattern historically observed at major cycle lows. Bitcoin is trading at $63,362, down nearly 2% over the past week and roughly 50% below its October peak of $126,080. Bitcoin's 90-day correlation with gold has shifted from -0.9 in early 2026 to around +0.7, according to CryptoQuant CEO Ki Young Ju. Th

According to an announcement on X on August 13, Trezor reported a data breach affecting 13,689 customers from the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal who placed orders within 90 days prior to August 8. The Prague-based hardware wallet manufacturer identified ShipMonk, its third-party fulfillment partner, as the source of the unauthorized access. Of those affected, 11,742 customers had their names, emails, phone numbers, and shipping addresses exposed, while 1,947 customers had

According to Grayscale, Bitcoin's adoption over the medium and long term remains unchanged despite recent price volatility, with the cryptocurrency trading at $63,549 following a near 50% decline from its October record of $126,080. The asset manager attributes the resilience of its adoption outlook to sustained government debt growth fueling inflation and currency-debasement concerns, which it argues will push investors toward scarce assets like Bitcoin. Grayscale further notes that tokenizatio

On Thursday (Aug 12), Bitcoin held near $63,000–$64,000 as softer U.S. inflation data eased rate-hike concerns but failed to ignite broad risk appetite, according to market data. July consumer inflation rose 0.1% month over month and 3.4% year over year, while core CPI eased to 2.5%, reinforcing the disinflation trend. Total crypto market capitalization hovered around $2.16 trillion, consolidating below its 50-period exponential moving average. Bitcoin dominance declined to 59.06%, suggesting se

According to Reuters, the S&P 500 broke above 7,800 for the first time Thursday morning, rising roughly 0.7% to near 7,802 as softer producer inflation and falling oil prices supported investor appetite for risk. The Dow Jones Industrial Average advanced about 0.45% to around 54,019. July Producer Price Index data showed prices unchanged month-over-month, while annual PPI inflation slowed to 4.7% from 5.5% in June, boosting expectations that the Federal Reserve will hold rates steady at its Sept

According to Reuters on Thursday (Aug. 13), General Motors, Ford, and Stellantis warned the Trump administration that stricter rules-of-origin requirements under proposed North American trade agreement revisions could increase costs by at least $2 billion per company annually. The controversial proposal would require vehicles to contain 50% U.S.-made components to qualify for lower tariffs, while raising the North American manufacturing threshold from 75% to potentially higher levels. The Detroi

According to Bitcoin News, MSCI proposed new rules targeting non-operating companies in a May 2026 simulation, with Strategy, Metaplanet, and Yellow Cake identified for removal from MSCI ACWI IMI indices. The screening criteria evaluate companies based on operational assets, expenses and cash flow, fair value changes in non-operating assets, and reliance on capital raises to accumulate assets. The last criterion directly affects Strategy's business model of accumulating Bitcoin through equity an

According to HyperliquidNews, Hyperliquid launched EQSPY spot trading today, with an initial purchase of 500.03 HYPE tokens valued at $28,800.