Gate Crypto Flash News and Market Updates

According to ARK Invest digital asset research lead Lorenzo Valente on July 23, real-world asset (RWA) trading venues can scale with minimal reliance on Bitcoin and Ethereum liquidity. Data showed RWAs accounted for 54% of Hyperliquid's weekly trading volume, with equities comprising 61% of RWA trades. The platform's perpetual contract trading reached $79 billion, with Hyperliquid capturing $50 billion. Valente suggested that if Trade.xyz captures 90% of Hyperliquid's trading volume, it could de

According to Jin10, the APEC Energy Think Tank Forum convened in Dalian on August 20, bringing together over 100 representatives from 16 APEC member economies, international organizations, think tanks, and research institutions. Participants discussed energy security and regional resilience, energy technology and innovation cooperation, and multilateral collaboration and think tank network development. Attendees reached consensus that member economies should deepen regional cooperation through i

According to S&P Global, Australia's manufacturing PMI initial reading stood at 52 in August, unchanged from the prior month's reading of 52.

According to S&P Global, Australia's services sector PMI initial reading came in at 52.9 in August, down from 53.6 in July, signaling a slower pace of expansion.

According to CNBC, on August 20, Deere & Company (NYSE: DE) reported third-quarter earnings per share of $5.10, exceeding LSEG's consensus estimate of $4.70. Revenue reached $11 billion, surpassing the consensus projection of $10.73 billion. The company also raised its full-year net income guidance to $4.75 billion to $5 billion, aligning with Factset's average forecast of $4.88 billion. Deere attributed the strong performance to robust demand and pricing power in its core agricultural equipment

According to Wall Street analysts, on Thursday (August 20), U.S. Treasury Secretary Bessent's expanded long-dated debt buyback program failed to durably suppress bond yields. After the Treasury announced it would at least double the buyback size starting early September, long-term Treasury yields initially fell but quickly rebounded, raising questions about whether the effort is sufficient to counter mounting pressures on the debt market. Analysts at Evercore ISI described the buyback as a "weak

According to reports from Korean Herald and Bloomberg, SK Hynix is seeking to establish its first semiconductor manufacturing facility in Miyagi Prefecture, Japan. The investment could reach tens of trillions of Korean won, marking the first production base in Japan for the Korean chipmaker. SK Group Chairman Chey Tae-won recently visited the region, according to industry sources. SK Hynix stated that any location with necessary infrastructure could be a candidate site, but no final decision has

New Zealand's 12-month trade deficit widened to NZD -5.236 billion in July from NZD -3.746 billion in the prior period, according to official trade data.

New Zealand's imports for July reached NZD 9.34 billion, up from NZD 8.07 billion in June, representing a 15.6% month-over-month increase.

New Zealand's July exports fell to NZD 7.39 billion. The prior month's export figure was revised downward to NZD 7.83 billion from an initially reported NZD 8.09 billion.

New Zealand's July trade deficit reached NZD 1.949 billion, according to official government data. The previous month was revised to a deficit of NZD 237 million, down from an initially reported surplus of NZD 23 million.

According to Bloomberg, Broadcom negotiated a financing deal exceeding $60 billion for AI chips yesterday (Aug 20), with Anthropic and other companies set to benefit. The transaction includes approximately $30 billion in subordinated debt, while Broadcom provides partial guarantees on senior secured debt ranging from $60 billion to $70 billion, with total financing potentially reaching up to $100 billion. Blackstone and Apollo Global Management are discussing participation in the deal, having es

According to blockchain analyst Specter, a user claiming to have lost over 1,000 ETH in a Tornado Cash phishing scam may actually be a threat actor. Specter found that the alleged 73 BTC ($4.6 million) the user claimed was stolen from a compromised Coldcard hardware wallet actually originated from the Whirlpool mixer two weeks earlier. On-chain data shows the funds were then bridged to Ethereum before being deposited through a fake Tornado Cash interface. Specter noted the user had previously ap

A California federal judge ruled that Justin Sun's individual claims against World Liberty Financial will remain in open court rather than moving to private arbitration. World Liberty had sought to move company-related claims behind closed doors, but the court partially rejected that request, ordering both sides to determine which specific claims stay public and which might proceed to arbitration. Sun invested $45 million in WLFI tokens and alleges World Liberty built hidden backdoor controls in

According to Arbitrum's official announcement, Robinhood Chain has committed $1 million in funding to support early-stage teams building through the Arbitrum Open House initiative.

According to Coldcard, the hardware wallet manufacturer recently released new firmware versions—5.6.1 for Mk4/Mk5 devices and 1.5.1Q for Q devices—to address a seed phrase generation vulnerability. The new version requires user-provided entropy for each new seed phrase generation, including at least 65 unpredictable key presses, 50 dice rolls, or 128 coin flips, combined with entropy from STM32 TRNG, SE1, and SE2. Coldcard noted that the firmware update itself does not fix seed phrases already g

Bitcoin broke above $73,000, trading at $73,085 with a 5.4% intraday gain, according to Bitget market data.

CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara clashed during a CFTC roundtable on prediction markets Thursday in Washington, D.C., with Duffy questioning whether platforms like Kalshi face adequate regulatory oversight for market manipulation risks. Duffy, whose CME operates the world's largest futures exchange, singled out Kalshi's contract offerings, sarcastically citing a Nathan's hot dog eating contest as an example of contracts he questioned. He also challenged why K

According to Axios and CNBC, on August 20, CrowdStrike's global CTO Elias Zeitchev resigned to establish Cognition, a new artificial intelligence-focused venture capital fund. The company's stock fell 5.6% to $190.34 following the announcement. Zeitchev, who spent over 13 years at CrowdStrike leading core AI platform and technology strategy, is co-founding the $170 million fund with former company executives Gur Talpaz and Taylor Sipolli. Cognition plans to deploy seed funding averaging $6 milli

According to CNBC's Jim Cramer on Thursday, August 20, there is an "incredibly jarring gulf between stock prices and reality" as broader economic concerns prevent investors from rewarding fundamentally strong companies. The Dow Jones Industrial Average fell 1.3%, the S&P 500 dropped 0.9%, and the Nasdaq declined 1%. Rising bond yields, elevated oil prices linked to Iran conflict, and higher interest rates weighed on sentiment despite Treasury Department efforts to stabilize rates. Cramer noted t