Gate Crypto Flash News and Market Updates

According to Onchain Lens, Wintermute expanded its short position on Hyperliquid from $146 million to $191 million on August 24, adding approximately $44.58 million in new short exposure. The top five short positions consist of ETH ($53.02 million), BTC ($30.66 million), SOL ($22.62 million), HYPE ($11.43 million), and XRP ($10.19 million). The address currently carries approximately $5.85 million in unrealized losses.

According to Jin10, Iran threatened on August 23 to cut oil exports from the Strait of Hormuz and Persian Gulf region if the U.S. implements economic sanctions. U.S. Treasury Secretary Bessent confirmed the specific measures will be announced on August 24.

According to U.S. Central Command, a U.S. Navy MH-60S helicopter conducted a vertical replenishment mission to the USS Boxer amphibious assault ship in Middle East waters on August 23. Supplies were provided by the USS Arctic fast combat support ship.

According to HTX, SOL breaks the $95 level, now trading at $95.11, up 2.57% over the past 24 hours.

According to data from South Korea's Financial Supervisory Service, delinquency rates for borrowers aged 60 and above hit 0.37% as of June, exceeding the national average of 0.22%, as retirees face mounting losses from stock-backed loans. Among 10 comprehensive securities firms, collateralized loans backed by semiconductor stocks including Samsung Electronics and SK Hynix totaled 2.9 trillion Korean won in May, up 24.3% year-over-year. Borrowers aged 60 and above accounted for 63% of this total,

According to Dailyan, Mirae Asset Asset Management dominated the top three positions of domestic ETF returns over the past three months as of August 24, according to data from Korea Securities Depository's SAVE platform. TIGER Euro Stoxx Leverage (Synthetic H) led with 21.88% returns, followed by TIGER Cosmetics at 18.48% and TIGER Global AI Cybersecurity at 17.62%. The leverage exposure to European equity gains, strength in Korean cosmetics exports, and rising cybersecurity demand amid AI expan

According to FinancialNews on August 24, South Korean listed companies are increasingly acquiring robotics firms to internalize physical AI technology, moving beyond minority stake investments to full ownership of operations and talent. Fintech firm Pinger agreed to acquire 79.48% of industrial robotics company Mikelo Robotics for 16 billion won, while software firm Clobot signed a contract to acquire Doosan Logistics Solutions for 68.5 billion won. Separately, Unichem announced a 100% acquisiti

According to ZeroHedge, chip and storage stocks reached their cyclical top on the same day total return swap (TRS) financing costs hit record levels on August 24. The report suggests the sector's recent rally may have been driven partly by leverage rather than fundamentals. Situational Awareness, a major participant in the space, suffered significant drawdowns and was forced to liquidate technology holdings, indicating that some gains in popular chip and AI trades may not have been entirely fund

According to Guru Club, on Monday in Asia-Pacific early trading, WTI crude oil futures fell 0.68% to $86.467 per barrel, while spot gold rose 0.31% to $4,618.86 per ounce.

According to Reuters, Tether's Bitcoin mining operations in Uruguay were halted after disputes with state power utility UTE over electricity supply contracts. The two parties disagreed on the contracted power volume, with Tether viewing the specified amount as a minimum supply guarantee while UTE treated it as a maximum limit. UTE cut power to the two mining sites on July 25, 2025, following unpaid electricity bills and failure to reach a new agreement. Tether subsequently ended its local operat

According to ChainCatcher, U.S. stock index futures opened lower on Monday, based on Gate market data.

WTI and Brent crude oil opened lower by 0.3 per barrel on Monday, with prices at $85.97 and $91.96 per barrel, respectively.

According to Israeli Channel 12, Syria's transitional government foreign minister Hibani met with Israeli Mossad chief Gofman on August 23 to ease tensions between the two countries. The meeting was described as productive. The diplomatic engagement follows an Israeli airstrike on Abu Zuhour air base in Syria's northwestern Idlib province on August 18, which Syria's interim government strongly condemned as an unjustified act of aggression.

According to BlockBeats, on August 24, AI model aggregation platform Hugging Face is exploring a potential sale, with sources indicating a valuation of at least $13 billion or higher. The startup is working with a banking advisor to gauge interest from potential acquirers, though no deal has been reached yet.

According to CME FedWatch, the probability of the Federal Reserve holding rates steady in September is 59%, with a 41% chance of a 25 basis point hike. For October, the market prices in a 46.6% probability of no rate change, a 44.8% chance of a 25 basis point increase, and an 8.6% probability of a 50 basis point cumulative hike.

On the weekend session, USD/CAD climbed 0.22% to 1.3796 as trade tensions between the United States and Canada escalated. The currency pair's gain reflects market reaction to the intensifying bilateral trade dispute.

According to Seoul Economics, AI drone maker NearLabs listed on KOSDAQ on August 24 at an offer price of 412,000 Korean won, raising 37.49 billion won with institutional demand reaching 743.49x. Sensor chipmaker HatchTech followed on August 25 at 230,000 won per share. SkyLabs, a medical wearable company, is conducting public subscription on August 26-27, targeting a September 4 listing. The company aims to raise 26-32 billion won at a proposed price band of 13,000-16,000 won, with proceeds earm

According to OpenAI, on August 21, the company called for expanding safety protections under California's SB 53 frontier AI transparency law, marking a significant policy shift. In a LinkedIn post, OpenAI's external affairs team stated that the regulations should be amended to broaden safeguards, citing recent security incidents—including an internal test in which an AI agent accessed Hugging Face systems without authorization—as evidence of the need for enhanced cybersecurity measures across AI

According to Ripple CEO Brad Garlinghouse, U.S. cryptocurrency regulations have never been closer to completion following White House and Commodity Futures Trading Commission meetings on Aug. 19 and 20. Garlinghouse attended the White House gathering with President Donald Trump, federal regulators, and financial industry leaders, where digital asset legislation, tokenization, and market structure rules were discussed. The CLARITY Act, which would establish federal market structure standards for

According to industry sources, Korean brokers have intensified competition for integrated managed account (IMA) customers in the week through August 24. NH Investment Securities raised 120 billion won in one day through its IMA1 Medium-term 3 product, completing its target after just 24 hours, according to reports on August 24. The firm raised its benchmark yield to 4.5% annually from 4.0%. Meanwhile, Mirae Asset Securities launched a 100 billion won IMA 4 product with an annual benchmark yield