Gate Crypto Flash News and Market Updates

According to BlockBeats, the U.S. stock market closed lower on Thursday, August 21, with the Dow Jones down 1.3%, S&P 500 down 0.86%, and Nasdaq down 1%. Cryptocurrency-related stocks rallied, with Microstrategy (MSTR) up 7.81%, Coinbase (COIN) up 7.58%, Bit Digital (BMNR) up 6.62%, Circle (CRCL) up 6.42%, Sphere 3D (SBET) up 7.20%, and Purrbox (PURR) up 7.35%.

According to CNBC, JPMorgan initiated coverage of UMB Financial (NASDAQ:UMBF) on August 20 (U.S. time) with an Overweight rating and a $180 price target for December 2027. Analyst Anthony Elian highlighted the Kansas City-based regional bank's strong diversification of non-interest revenue, with fee income representing approximately 30% of total revenue, significantly above the 20% median among comparable peers. Elian noted that UMB Financial has reduced reliance on traditional interest income w

According to BlockBeats, on August 21, Anthropic is targeting an IPO size that would match or exceed SpaceX's record $862 billion raise (from the original $750 billion funding through the exercise of greenshoe options). The AI company is preparing to potentially submit a large-scale IPO application as early as the end of this month, according to sources familiar with the matter.

Japan's unadjusted consumer price index (CPI) increased 0.4% month-on-month in July, up from 0% in June.

According to Wall Street firms, Marvell Technologies (MRVL) stock jumped 6% on Thursday (August 20) ahead of the chipmaker's earnings report on August 27, driven by a $12.2 billion custom silicon partnership with Google. BMO Capital initiated coverage with an Outperform rating and $250 price target, while UBS raised its target to $310 (25% upside from Thursday's close) and Roth Capital set a $350 target, both citing improved investment thesis post-Google deal. Marvell is projected to report $2.7

According to overseas brokers, the dollar-won 1-month NDF closed at 1,394.20 KRW overnight on August 21, up 1.95 KRW from Seoul's previous close at 1,392.60 KRW. The offshore currency strengthened after U.S. long-term Treasury yields reversed earlier declines, with the 10-year yield bouncing back to around 4.70% as the market retraced gains following the U.S. Treasury's expanded buyback announcement. The U.S. dollar also recovered intraday losses against other currencies, while the yen weakened,

Japan's national consumer price index (CPI) for July increased 2% year-over-year, exceeding economist expectations of 1.90% and marking a rise from 1.60% in the prior month.

Japan's core consumer price index (CPI) excluding fresh food and energy rose 1.9% year-over-year in July, matching market expectations. The reading, up from 1.7% in June, held steady at the forecast level.

Japan's consumer price index rose 1.9% year-over-year in July, matching market expectations and climbing from 1.6% in June.

Japan's July core CPI rose 1.8% year-over-year, matching expectations and up 0.2 percentage points from June's 1.6%.

According to Kiwoom Securities report on August 21, profit momentum in South Korea's Kospi index shifted beyond semiconductors to other sectors following the second quarter earnings season. Kospi operating profit forecasts were raised to 986 trillion won, up 5.2% from 937 trillion won at the beginning of July, with 61.8% of listed companies beating consensus estimates compared to 55.6% in Q1. Transport, IT hardware, construction, and machinery sectors saw the largest improvements in Q3 earnings

According to KOMIS, copper spot prices on the London Metal Exchange reached a record high of $14,850 per ton on August 17, before retreating to $14,180/ton over the following two days as major commodity traders, including Trafigura, released substantial volumes. Available inventory increased from 103,075 tons on August 17 to 123,100 tons following the deliveries, marking the largest gain since April and easing the prior supply squeeze. Despite the near-term pullback, analysts at Daishin Securiti

According to Yonhap Infomax, on Aug 21, South Korea's 3-year government bond futures declined 4 basis points to 103.18 in overnight trading, while 10-year bond futures fell 29 basis points to 105.28. The decline followed weakness in the broader market despite earlier support from U.S. Treasury Secretary Scott Bessent's expanded long-term buyback announcement. Meanwhile, U.S. Treasury yields rose across the curve, with the 10-year yield climbing 6 basis points and the 30-year yield increasing 5.7

According to Coinbase, Bitcoin surged to $72,700 on August 21 morning, jumping 5% in 24 hours and 14% over the past week. The rally was driven by a massive short squeeze, with $3.1 billion in forced liquidations recorded in the prior 24 hours—the largest scale since data tracking began in 2021, according to Coinglass. Bitcoin ETF inflows totaled $517.2 million on August 19, marking the largest single-day inflow in three-and-a-half months. BlackRock's iShares Bitcoin Trust (IBIT) received $284.7

According to Yonhapinfo, the U.S. dollar strengthened against the Korean won to 1,396.00 KRW on August 21, up 6.90 won from the previous day's opening. The rally reversed initial losses below 1,390 KRW following U.S. Treasury Secretary Scott Bessent's announcement of expanded long-term debt buyback operations. However, rising U.S. Treasury yields quickly eroded the buyback effect, supporting dollar strength. Geopolitical tensions also contributed, with President Donald Trump announcing "deadly e

According to Guru Club, Bitcoin surged to $72,674 early on August 21 (Beijing time), up 4.42% over the past 24 hours. Ethereum also rose to $2,317.11, gaining 1.95% in the same period. The price gains follow U.S. President Trump's meeting with cryptocurrency industry executives at the White House on Wednesday, where he urged Congress to pass significant crypto legislation.

According to Barron's, RBC Capital Markets downgraded Merck (MRK-US) to market perform from outperform on Thursday (Aug. 20), lowering sentiment despite the company's stock surge on cancer vaccine progress. The stock rose nearly 13% on Wednesday following positive results from the joint Merck-Moderna cancer vaccine, hitting a record high, but fell 2% Thursday to $149.18. RBC analyst Trung Huynh raised the price target to $150 from $142, citing concerns that current valuation already reflects hea

Japan's core consumer price index (CPI) for July is scheduled to be released in 10 minutes, according to the official release calendar.

According to the Korean Exchange, South Korea's KOSDAQ market will implement a tiered segment system in the second half of 2026, dividing listed companies into Premium, Standard, and Management categories based on scale and profitability. The Premium tier will house large-cap quality firms and will be supported by dedicated indices and exchange-traded funds designed to channel institutional and foreign investor capital. Strengthened delisting standards are also accelerating. Effective July 2026,

According to Jin10 Data, China's loan prime rate (LPR) held steady on August 20, with the 1-year tenor at 3.0% and the 5-year-plus tenor at 3.5%, extending its streak to 15 consecutive months without change. The rates were announced by the People's Bank of China via the National Interbank Funding Center. Since late July, DR-based lending rates (deposit institution bond repurchase rates) have continued to be applied, with potential for further efficiency gains in LPR quote pricing ahead.