Gate Crypto Flash News and Market Updates

According to Reuters, BIS General Manager Pablo Hernández de Cos questioned stablecoins' credibility as a means of payment at scale on Friday, arguing that tokenized bank deposits offer a stronger alternative. De Cos said tokenized deposits provide a more direct path to harness tokenization while preserving the monetary system's foundations. A study from the BIS-linked Financial Stability Institute published Thursday compared stablecoin regulations across the US, European Union, United Kingdom,

According to Jin10, on August 28, Changxin Memory filed a lawsuit against the U.S. Department of Defense in the U.S. District Court for the District of Columbia, challenging its placement on a "Chinese military company" list. The company, first listed in January 2025, stated it is not a military enterprise and only develops and produces DRAM products for commercial and civilian use, with no military applications.

According to ChainCatcher, Neutrl has suspended its smart contracts after discovering position-related issues affecting protocol liquidity. The team stated this was not caused by contract vulnerabilities, hacking, or code defects. The protocol currently holds approximately $27 million in available liquid assets, while other positions remain illiquid and cannot be immediately liquidated. Pending redemptions for NUSD and sNUSD holders are expected to open in early September, subject to new contrac

According to Korea Exchange, Hanwha stock rallied 3.61% to 134,900 won on Aug 28, marking its fourth consecutive day of gains since Aug 25, when it reopened following a corporate reorganization. The stock has climbed 34.1% from its Aug 25 opening price of 100,600 won. The gains reflect market optimism that the spin-off will enable clearer valuation of the conglomerate's core defense and shipbuilding assets. Mirae Asset Securities expects Hanwha's discount rate to narrow from 54.75% to approximat

According to CCTV News, on August 28, the U.S. Immigration and Customs Enforcement (ICE) announced plans to spend $2 million purchasing robotic dogs for enforcement operations. The devices will assist personnel in border protection and infrastructure security, equipped with remote-control capabilities and extendable mechanical arms for opening doors. The robots will conduct inspections and hazard assessments in environments potentially dangerous to human officers, though they lack attack capabil

According to IAEA Director General Grossi on August 29, the external power supply at Zaporizhzhia Nuclear Power Station has been cut for over a week. The facility is currently relying on emergency diesel generators to maintain nuclear safety and security operations. The IAEA warned that without restoration of external power or additional diesel fuel supplies in the coming days, the station faces a potential full blackout within approximately 10 days.

According to Federal Reserve Chair Kevin Warsh's Friday speech at the Jackson Hole Economic Symposium, the central bank views price stability as a greater concern than the slowing labor market. Warsh stated that the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7%, while the six-month reading is 4.1%—both above the central bank's 2% target. He emphasized the Fed must ensure underlying inflation moves toward its objective "clearly and at sufficient speed." The gold

According to Foresight News, Meme token microduck reached an intraday high market cap of $17 million today, with a 24-hour gain of 312%. The token is currently trading at a $12.98 million market cap on Robinhood.

According to LS Securities Research Center, Japanese yen is expected to strengthen significantly starting from the middle of Q2 2027, recovering from current 40-year lows. Currently, the yen has weakened sharply, with the exchange rate at 862 Korean won per 100 yen and USD/JPY reaching 160, driven by Japan's fiscal expansion concerns and weaker macroeconomic outlook. However, accelerating interest rate hikes by the Bank of Japan are projected to support yen appreciation by narrowing the interest

According to Xinhua, Brazilian and Chinese business executives recently convened a high-level dialogue forum in Rio de Janeiro to discuss infrastructure development and investment cooperation opportunities. The forum, organized by the Brazil-China Enterprise Research Institute, brought together government officials, businesses, and institutional representatives from both countries to explore new economic frameworks for collaborative growth.

Changpeng Zhao (CZ), former Binance CEO, reiterated this week that Bitcoin will surpass gold in the next bull market, following a 27% gain in Bitcoin over the past two weeks. CZ also stated that the $1 million price target for Bitcoin will be achieved earlier than previously expected.

According to Jin10, Russian regional authorities reported on August 29 that Ukrainian forces struck the city of Shebekino in Belgorod region with artillery and drone attacks. Shells hit residential areas, killing 3 people and wounding 8 others, including 7 injured by shrapnel and 1 by shockwave. The authorities also reported damage from 3 drone strikes in the city. Ukraine has not yet issued a response.

According to Grayscale on Aug. 27, Bitcoin's 90-day correlation with gold climbed above 50% while its Nasdaq 100 correlation fell from over 60% to roughly 33%, citing Bloomberg data through Aug. 24. The shift reflects investors increasingly treating Bitcoin as a scarce monetary asset rather than a technology stock proxy, as U.S. public debt crossed $40 trillion in August. Treasury borrowing requirements remain elevated, with $739 billion in privately held net marketable borrowing projected for t

According to the U.S. Securities and Exchange Commission and Evernorth Holdings Inc., the SEC declared Evernorth's Form S-4 registration statement effective on Aug. 27, advancing the planned merger between Evernorth and Armada Acquisition Corp. II (Nasdaq: XRPN). The development clears the way for an Armada II shareholder vote on Sept. 30, with the transaction projected to close in late Q3 or early Q4. If approved, Evernorth plans to list on Nasdaq under the ticker XRPN and operate as an activel

According to President Trump, the United States secured a majority stake in over 65 billion barrels of Venezuelan oil reserves yesterday (August 28). Trump announced the agreement on his TruthSocial account, calling it "the largest oil deal in world history." The transaction was conducted through private sector partnerships with no burden to U.S. taxpayers.

According to Decrypt, UK police seized 20.21 Bitcoin and other cryptocurrency and bank funds totaling $1.4 million on August 29. Investigators traced the assets to a dark web marketplace that operated between 2016 and 2019 before being shut down by law enforcement. The now-closed site was previously linked to various crimes including drug trafficking and human trafficking, though police did not disclose the specific marketplace name.

On June 29, 2026, altcoin trading volume share on Binance futures dropped sharply to 47% from 63% a week earlier, with capital rotating into Bitcoin and Ethereum. BTC accounted for 47.9% of the $28.74B total trading volume, while ETH captured 29.2%. The top three assets combined absorbed 84.7% of all volume. Mid-cap altcoins saw steep declines: ASTER fell 76%, WLD dropped 48%, HYPE shed 35%, and ZEC fell 26%. By August 2026, the trend reversed dramatically. Altcoin volume share climbed to 65%, t

According to Jin10 Data, armed militants launched attacks on multiple areas in Niger's capital Niamey early on August 29, targeting Diori Hamani International Airport and the nearby 101 Air Force Base. Sources indicated the militants attempted to breach security perimeters around the presidential palace. A transitional council member, Bana Wagana Ibrahim, stated on social media that attackers focused on the 101 Air Force Base, adding that Niger's security forces controlled the situation. The gov

According to CCTV, Iran's President Pezeshkian said yesterday (Aug 28) that Iran will open the Strait of Hormuz if the United States lifts its maritime blockade, removes sanctions on Iranian oil and petrochemical products, unfreezes Iranian assets, begins investment, forces Israel to cease operations in Lebanon, and complies with relevant agreements. Pezeshkian also stated that Iran will reach agreements with neighboring countries through dialogue to jointly safeguard regional security.

According to the Russian Defense Ministry, on August 29, Russia struck a transshipment hub at Ukraine's Mykolaiv port, including mooring areas used to refuel ships and cargo points for unloading fuel and lubricants.