Gate Crypto Flash News and Market Updates

According to ChainCatcher, Bitcoin approached $72,000 on Thursday (Aug 20) European morning trading, up 3.5% in 24 hours and 15% since Monday. The rally was driven by U.S. Treasury Secretary Scott Bessent's announcement of a debt buyback plan and President Trump's remarks at a White House crypto event urging Congress to advance the Clarity Act. Bitcoin's largest corporate holder, MicroStrategy (MSTR), rose 10% premarket after gaining 13% Wednesday, while Coinbase (COIN) continued its upward mome

According to CoinGecko, HYPE token rose 25% in the last 24 hours to around $73.50 on August 20, approaching its record high of $76 set two months ago. The rally followed President Donald Trump's Wednesday statement that CFTC Chair Mike Selig was working to bring Hyperliquid into the United States in a "fully compliant and legal fashion." Meanwhile, PURR stock, which holds approximately 20 million HYPE tokens on its balance sheet, extended gains by rising over 7% in pre-market trading. The stock

According to Morgan Stanley, gold prices are expected to surpass $5,000 per ounce by 2027 or earlier, following recent breaks above $4,450 per ounce on August 20. The bank cited weakening U.S. dollar, fading expectations of further Federal Reserve rate hikes, and strong central bank demand as key drivers supporting the gold rally. Despite elevated long-term yields, gold remains resilient, reflecting growing investor concerns about fiscal risks including high government debt and potential currenc

According to on-chain data from GMGN, an address (0xcbaea88c17888e3c7b84117bd6ebbdbf4f95b810) realized an 8335% return on Niulai tokens, accumulating approximately $701,500 in profits. The address currently holds about 10.924 million tokens valued at around $694,000, representing approximately 1.09% of the token's total supply.

According to predict.fun, BLG has an 83% probability of defeating LGD in tonight's BO3 match (August 20), with top laner Bin making his first official competition return after a month-long absence. Bin rejoins teammates Xun, Knight, Viper, and ON to form the complete roster. This marks Bin's debut since BLG's elimination at EWC by DK.

According to ChainCatcher, citing BitcoinTreasuries.NET monitoring data, Saudi Arabia's government-backed Gulf International Bank has disclosed holdings of 19,842 shares of MicroStrategy (MSTR) valued at $2.27 million.

According to Galaxy Research analyst Alex Thorn, Bitcoin's trading volume in the $62,000–$65,000 price range exceeded all other price levels on August 20, with only the $0–$1,200 range showing comparable volume historically. As Bitcoin price advances, this zone now represents a solid cost support level.

According to BlockBeats, on August 20, Liquid Capital founder Yi Lihua expressed long-term optimism on the crypto industry, stating that bear markets do not diminish crypto's fundamental value. He emphasized that on-chain finance represents crypto's core proposition, with blockchain migrating real-world financial assets and services—such as gold, the U.S. dollar, and equities—to the chain while enhancing accessibility and transparency. Yi highlighted Bitcoin as a more portable and tradable alter

According to Marketwatch, the S&P 500 may face a correction of 10% to 20% before the end of 2026, with technology stocks potentially entering bear market territory as seasonal selling pressure approaches, investor sentiment reaches extreme levels, and corporate earnings growth slows. Multiple indicators show market optimism has reached warning levels: the Investors Intelligence bull-bear ratio recently hit 3.88, approaching the typical alert threshold of 4, while Bank of America's sentiment indi

According to Reuters, a study by nonprofit ACDC released on August 20 found that over 150 wallets on Polymarket International may have used inside information from U.S. military sources to trade on military and defense markets. Of these, 152 wallets achieved particularly high success rates, collectively profiting $8 million with an average win rate of 97.2%, raising concerns about potential information leaks to foreign adversaries. Polymarket stated that the company has strict monitoring measure

According to Iranian authorities, direct flights between Bandar Abbas and both Rasht and Gorgan have resumed operations after several months of suspension, the general manager of Hormozgan Airport announced.

According to ChainCatcher, Idler, a frontier data research lab, completed a $9 million seed round on August 20, led by Paradigm partners Alpo and Frankie. Y Combinator and Long Journey VC also participated, alongside angel investors including marrc, catherynli, dcposch, Janine Leger, Lynett Capital, feross, and nurdaulet. The funding will be used to develop evaluation systems, benchmarking tools, and reinforcement learning environments for leading frontier labs to train and measure their model p

According to Composio, a recent benchmark test of DeepSeek V4 Pro 0813 across five agent frameworks—Pi Agent, DeepSeek Harness, Claude Code, OpenCode, and Hermes Agent—evaluated performance on 30 multi-step agent tasks with max reasoning enabled. Pi Agent led in pass rate with 21/30 successful completions, followed by DeepSeek Harness at 20/30. DeepSeek Harness achieved the lowest cost per successful task at $0.028, while Pi Agent cost $0.031 per success. Claude Code ranked fastest but was most

Brazil's Finance Minister announced adjustments to mandatory expenditures for 2027, reducing spending by over 10 billion reais. The announcement represents the government's effort to manage fiscal constraints in the coming year.

According to its H1 earnings report, Hunan Silver Group posted net profit of 168 million yuan in the first half of 2026, up 170.34% year-over-year. Operating revenue reached 8.719 billion yuan, up 92.54% from the same period last year, driven by higher precious and non-ferrous metal prices and increased product sales volumes.

According to Russian Presidential Spokesperson Peskov, on August 20, there are no prerequisite conditions for a peaceful resolution to the Ukraine conflict due to Kyiv's stance. Peskov acknowledged that some European countries show signs of fatigue in supporting Ukraine, but noted that key nations including the UK are increasing their direct involvement in the conflict.

According to Jin10, Russia's presidential spokesman Dmitry Peskov said on August 20 that no preconditions currently exist for a peaceful resolution to the Ukraine conflict due to Kyiv's position. Peskov noted that while fatigue over supporting Ukraine does exist among European countries, it should not be exaggerated. He added that core European nations such as the UK are increasing their direct involvement in the conflict and working to counter this trend.

According to Reuters, the European Football Union, Asian Football Union, and CONCACAF are discussing a possible no-confidence vote aimed at pushing for the dismissal of FIFA President Gianni Infantino.

According to Yonhap Infomax, South Korea's Industry Minister Kim Jung-kwan announced on August 20 after returning from the United States that "meaningful progress" has been achieved in negotiations regarding South Korea's first major investment project in America. Kim stated that discussions with U.S. Commerce Secretary Howard Reuben Russell resolved several pending issues between the two countries. The first U.S. investment project, which Kim identified as an energy sector initiative, is expect

According to Asia Economy, on August 20, Yongfeng and MBK Partners publicly rebutted voting advisory firm SustainBest's recommendation against their audit committee candidate for Korea Zinc ahead of an extraordinary shareholder meeting scheduled for September 9. Yongfeng and MBK argued that SustainBest's endorsement of management's candidate while opposing theirs contradicts the purpose of Korea Zinc's split election system, which aims to reduce management influence and reflect minority sharehol