Gate Crypto Flash News and Market Updates

According to Korea Financial Intelligence Unit, BitGo Korea received Virtual Asset Service Provider (VASP) registration on Aug. 18, clearing the way to provide custody, management and transfer services for digital assets to financial institutions, asset managers, corporations and public-sector organizations. South Korean financial giant Hana Financial Group owns approximately 25% of BitGo Korea, while SK Telecom holds about 10%. The registration came just one day before South Korea tightened VAS

According to BlockBeats, on August 21, Federal Reserve officials downplayed concerns that damage to policy credibility was driving the sharp Treasury sell-off, which pushed long-term yields to their highest level since 2007. San Francisco Fed President Beth Hardin and St. Louis Fed President Albert Mussalen attributed the rise in long-term Treasury yields primarily to government financing needs and artificial intelligence infrastructure spending, rather than uncontrolled inflation expectations.

According to Robinhood CEO Vlad Tenev in a CNBC interview, the company launched its own blockchain approximately one month ago with 190 tokenized U.S. stocks now live. The platform supports 24/7 trading and operates across 120 countries, allowing users to transfer stocks on-chain like Bitcoin. Tenev stated that asset tokenization represents a fundamental restructuring of financial market infrastructure rather than simply moving stocks to blockchain, with implications for the future of global fin

According to Forbes, Anthropic, Blackstone, and Goldman Sachs launched AI-native enterprise services company Ode on August 21, backed by $1.5 billion in capital. Ode is positioned as an AI implementation consulting firm, with services including identifying business processes suitable for AI transformation, deploying AI engineers, developing custom applications and agents, automating task workflows, and assisting clients with regulatory compliance. The company will focus on deploying Anthropic's

According to Korea Exchange, Kakao fell 6.2% to 36,300 Korean won on August 21, 9:54 a.m., amid reports of potential governance restructuring and holding company conversion. The company is scheduled to hold a town hall meeting with employees on the same day, though specific agenda details have not been disclosed.

According to The Information, Nvidia planned to ship Groq LPU (language processing unit) processors to Chinese customers by year-end, with several Chinese clients already placing orders. The chip would reportedly require only software adjustments without downgrading specs. Nvidia later denied the report, stating it was "incorrect" and that the company currently has no LPU sales in China. In March, Reuters similarly reported Nvidia intended to sell Groq chips to China; CEO Jensen Huang subsequent

Taiwan's Weighted Stock Index opened with little change today (August 21), trading at 44,923.34 points.

According to the China Maritime Safety Administration website, the Lianyungang Maritime Safety Administration issued a navigation warning on August 21 for military activities in parts of the southern Yellow Sea. Vessels are prohibited from entering the affected areas daily from 8 a.m. to 8 p.m. through August 25.

On August 21 morning session, Shanghai Gold Exchange gold T+D rose 1.02% to 976.38 yuan per gram, while silver T+D climbed 2.1% to 16,506 yuan per kilogram.

According to The Defiant, Arbitrum activated ArbOS 61 Elara upgrade on August 20, introducing optional protocol-level compliance filtering, priority fee support, and alternative data availability interfaces for dedicated chains. The compliance filtering feature is disabled by default and requires chain owners to configure external compliance service providers such as TRM Labs or Chainalysis with custom rules. Priority fees are also off by default and require chain owners to enable them through p

According to Jin10, on August 20, China's Ministry of Finance successfully issued 6 billion yuan in renminbi-denominated bonds in Macau's over-the-counter market targeting professional investors. The issuance received significant demand, with total subscriptions reaching 385.91 billion yuan, approximately 6.43 times the offering size. Interest rates ranged from 1.3% for 2-year bonds to 1.76% for 10-year bonds.

According to Odaily, ARK Invest's digital assets research head Lorenzo Valente recently suggested that Hyperliquid acquire Gemini to establish a U.S.-regulated deployment method for HIP-3/4 perpetual futures. Gemini's current valuation stands at approximately $450 million, down over 85% from its $3.3 billion IPO valuation in 2025. Valente proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from community reserves, valued at roughly $550 million at $70 per token, to complete

XCAD Network announced today it has ceased operations due to insufficient funds, with products and services no longer maintained. The crypto project operated for five years, persisting longer than most projects without major exchange listings. After retail interest waned and the fan token strategy failed, the company exhausted resources. XCAD is considering open-sourcing its code for interested parties to run, though this does not signal continued operations or a restart.

According to The Kobeissi Letter, the U.S. storage chip ETF DRAM received approximately $12 billion in net inflows over the past two months, bringing its assets under management to a record $28 billion despite a 28% decline in fund price. The ETF has recorded inflows for eight consecutive weeks since mid-June.

According to BlockBeats, Upbit announced on August 21 that it will list four new assets including Biconomy (BICO), BubbleMaps (BMT), Nillion (NIL), and Ether.fi Gas (GWEI) with BTC and USDT trading pairs. Trading is expected to open at 13:00 Korean time on August 21, with deposits enabling within 2 hours of the announcement. BICO, NIL, and GWEI will be deposited via Ethereum, while BMT will be deposited via Solana.

According to recruitment officials from Foxconn's Shenzhen facility, the company is conducting large-scale emergency hiring as Apple prepares for new product launches. As of August 20, hourly wages at the factory increased to 26 yuan per hour from 25 yuan on July 24, while sign-on bonuses reached as high as 7,800 yuan. Multiple job posting platforms have flagged these positions with urgent recruitment tags.

According to Jin10 Futures, fuel oil trading sentiment improved on August 21 as crude oil climbed on a staircase pattern. Refiners showed increased confidence in holding prices, with sellers reluctant to offer at lower levels, while downstream buyers gradually increased inquiries focused on restocking needs.

According to Jin10 Futures, as of 08:45 on August 21, China's CFETS-NEX money market sentiment index rose to 56, up 5 points from 4 p.m. yesterday. Among institution types, large banks reported 55 (up 5 points), mid-sized and small banks 58 (up 6 points), and non-bank institutions 54 (up 4 points).

According to crypto journalist Kate Irwin, GalaChain suffered an anomalous asset outflow this Tuesday, with 1.99 billion GALA tokens (approximately $2.9 million) and other assets transferred from five addresses to a new wallet and cross-chained to ETH within one hour. Approximately 82% of the GALA tokens (1.639 billion) originated from wallets associated with Gala CEO and co-founder Eric Schiermeyer, which also saw around $500,000 in other tokens flow out. Gala developers identified the incident

According to E Daily, Woori Technology Investment (041190), a major shareholder of Dunamu which operates South Korea's Upbit exchange, surged 12.46% to 5,550 won this morning (August 21) as Bitcoin broke through the $70,000 level. Domestic cryptocurrency-related stocks broadly strengthened amid the price rally.