Gate Crypto Flash News and Market Updates

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XCAD Network announced today it has ceased operations due to insufficient funds, with products and services no longer maintained.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.

According to the U.S. Commodity Futures Trading Commission (CFTC), on August 21, a federal court issued supplemental consent orders against Alameda Research former CEO Caroline Ellison and FTX co-founder Gary Wang, formally resolving CFTC enforcement cases against both. 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 December 23, 2022. The CFTC declined to seek additional monetary penalties o

Japan's 20-year government bond yield rose 6 basis points to 3.77% today (August 21).

According to PANews, citing on-chain analyst Yu Jin, an unidentified hacker purchased 21,659 ETH for $46.49 million over the past 1.17 days, with an average cost of $2,146 per ETH. The accumulation includes a purchase of 3,386 ETH for $7.954 million just six hours prior to the monitoring. The position is currently up $4.14 million in unrealized gains.

According to ChainCatcher, Upbit launched BICO, BMT, NIL, and GWEI trading today (August 21) at 1 p.m. UTC, supporting BTC and USDT trading pairs. Users should verify network selection before deposits; trading availability may be delayed due to insufficient liquidity.

According to Jin10 Data, China and the United Arab Emirates will conduct their fourth joint air force drills, named Falcon Shield-2026, in Xinjiang's Hetian region from late August through mid-September 2026. The training will include command exercises, flight operations, and mixed formation drills aimed at enhancing the participating units' tactical capabilities and deepening bilateral military cooperation.

According to Yonhap Infomax, Geumho E&C signed a construction contract with Samsung Electronics on August 21 to build a heating, ventilation, and air conditioning (HVAC) manufacturing plant at Samsung's Gwangju facility. The factory will span 23,588 square meters across one floor and is scheduled for completion in February 2028. The project represents Samsung's effort to establish a domestic production base for Flaekt Group, Europe's largest HVAC equipment manufacturer acquired by the South Kore

According to Lookonchain, on-chain address 0x004E suffered 8 consecutive liquidations on BTC and ETH shorts over the past two days, with cumulative losses of $3.28 million as of August 21. All short positions from the address, which previously held approximately $81.6 million in notional value including 20,000 ETH and 500 BTC, have been forcibly closed.

According to The Block, CME CEO Terrence Duffy alleged at a CFTC advisory committee meeting that manipulation risk exists in prediction market contracts, stating "some people are indeed manipulating these contracts, which is extremely harmful to the industry." CFTC Chair Michael Selig immediately countered that such contracts operate offshore and are not a U.S. market issue. Kalshi Chief Operating Officer Luana Lopes Lara challenged CME on whether it had faced similar manipulation problems, inte

According to Coinglass data cited by ChainCatcher, BTC global contract open interest rose 6.46% in the past 24 hours to $53.99 billion. Binance accounted for $10.571 billion, OKX $2.856 billion, Bybit $4.785 billion, and Gate $4.621 billion of the total.

According to Chaos Chenchen Futures research released on August 21, Black Sea cargo volumes have plummeted due to Russian and Ukrainian strikes, with some ports halting operations completely. A strong El Niño pattern is expected to reduce Australian canola production, slowing global canola output growth. Domestic supply remains tight, intensifying near-term delivery competition in commodity markets.

According to Citic Securities research, Shanghai issued an optimized real estate policy notice on August 20, aiming to boost genuine housing demand and unlock property transaction chains. The bank's research team expects the policy to support a modest recovery in home prices through the second half of 2026.