Gate Crypto Flash News and Market Updates

According to Grayscale's Aug. 27 report, Bitcoin's 90-day correlation with gold has climbed above 50%, while its correlation with the Nasdaq 100 fell to roughly 33%, citing Bloomberg data through Aug. 24. The shift reflects investors increasingly treating Bitcoin as a scarce monetary asset rather than a growth stock proxy. The correlation change coincides with U.S. public debt surpassing $40 trillion in August, intensifying focus on dollar weakness and sovereign debt sustainability. Gold has cli

According to Evernorth Holdings Inc. and Armada Acquisition Corp. II, the U.S. Securities and Exchange Commission declared the companies' Form S-4 effective on Aug. 27, clearing the way for a shareholder vote on the proposed merger on Sept. 30. The development advances Evernorth's planned Nasdaq listing under the ticker XRPN. The combined company intends to operate as an actively managed XRP treasury backed by institutional investors, including Ripple, Arrington Capital, and Kraken. Evernorth pl

According to Beating AI, Elon Musk recently criticized OpenAI CEO Sam Altman and co-founder Greg Brockman, calling them 'completely untrustworthy' and accusing them of stealing an open-source nonprofit organization. Musk's comments come as OpenAI plans to terminate its partnership with Cursor and halt direct model access on November 12.

According to the Bank of Korea, on August 27, the central bank raised its benchmark rate to 3% from 2.75%. The move is expected to increase borrowing costs for retail investors who have taken loans to invest in stocks, as brokerage margin lending and collateral loan rates typically move in line with benchmark rates.

According to Binance futures data, altcoin volume share on the exchange collapsed from 63% to 47% in a single week as of June 29, 2026, with traders rotating capital into Bitcoin and Ethereum amid heightened risk aversion. Bitcoin accounted for 47.9% of the $28.74B total trading volume, while Ethereum captured 29.2%, leaving top altcoins like ASTER (down 76%), WLD (down 48%), and HYPE (down 35%) with sharply reduced futures activity. By August 2026, the rotation reversed sharply, with altcoin vo

According to Crypto Briefing, Bybit rolled out 24/7 options trading on SpaceX and Nvidia shares, allowing traders to buy and sell contracts tied to these equities around the clock. The product targets traditional market constraints, where options trading is restricted by exchange hours and settlement windows. SpaceX remains a private company with limited stock accessibility through conventional channels, while Nvidia has become one of the most actively traded equities globally due to the AI boom

According to the U.S. Bureau of Labor Statistics, gold prices fell to $4,543.80 per ounce on Friday following a downward revision of -79,000 (-0.1 percent) to total nonfarm employment for the 12-month period through March 2026. The preliminary Current Employment Statistics benchmark revision also showed a -178,000 adjustment to private employment. Spot gold ended the session at $4,564.05, down 0.83% for the day.

According to BlockBeats, on August 29, the U.S.-Israeli military strikes on Iran, which began 6 months ago, have sparked a significant rift within America's large Iranian-American community. Some anti-Iran government activists initially welcomed military action, hoping it would lead to regime change, while others opposed external military intervention due to concerns about civilian casualties and regional instability. Arezo Rashidian, an activist who long supported Iran's former crown prince Rez

According to AP and CNN, the U.S. and Venezuela signed a historic oil trading agreement on August 28, giving the U.S. access to 650 billion barrels. Venezuela's government confirmed the deal, describing it as a landmark agreement that will support the country's economic reconstruction.

According to ChainCatcher, New York state officials warned that AI-generated content and fraudulent crypto projects are making investment scams increasingly deceptive. Investment fraud losses exceeded $8 billion in 2026, representing a 38% increase from 2024, with 144,041 consumers reporting losses and a median loss of $10,560 per victim. Scammers use AI to clone voices, fabricate videos, impersonate financial professionals, and create social media ads. NY Attorney General Letitia James highligh

According to Chicago Federal Reserve President Austan Goolsbee on Friday (Aug 28), he endorsed Federal Reserve Chair Kevin Warsh's stance on prioritizing inflation control. Goolsbee stated that while recent inflation data has been moderate, "we are absolutely not out of the woods yet." Warsh, speaking at the Jackson Hole central bank conference, emphasized that recent PCE and CPI readings do not prove meaningful improvement in underlying inflation trends, and the Fed must see inflation move "cle

According to AP and Reuters, the Trump administration on Aug 28 secured majority control over Venezuelan oil reserves through a new partnership structure with the private sector, avoiding U.S. taxpayer burden. The agreement covers confirmed crude reserves from 17 oilfields totaling 65 billion barrels, with the newly established private entity granted 100-year extraction rights. The Venezuelan government confirmed the deal will attract $100 billion in oil sector investment and generate over $209

According to Crypto.news, Bullish provided USD.AI with $100 million in GPU financing loans today (August 29). USD.AI, developed by Permian Labs, connects stablecoin liquidity with enterprises seeking to purchase GPU equipment. The platform issues non-recourse loans collateralized by the computing hardware financed through the facility, without assessing borrowers' overall business creditworthiness.

According to Big Bay Area Voice, Hong Kong Chief Executive Lee Ka-chao has reserved HK$50 million from the Disaster Relief Fund for emergency relief efforts following a mudslide in Nepal on August 29. The disaster caused casualties and missing persons in Gyirong County at Tibet's Gyirong Port, a critical cross-border area. The Disaster Relief Fund Advisory Committee will expedite processing of relief applications.

According to statements made on Friday, Polish Prime Minister Donald Tusk called for a re-vote on the Crypto-Asset Market Act after the $94 million collapse of cryptocurrency exchange Zondacrypto. The law has been vetoed three times by President Karol Nawrocki, leaving Poland unable to enforce EU MiCA standards and preventing domestic exchanges from registering. Tusk accused politicians of receiving bribes related to the failed exchange and stated the situation represents a well-organized corrup

According to Ripple's official announcement, Ripple Prime launched its Delta One business on August 27, expanding into equity derivatives for institutional clients. The platform now offers total return swaps tied to U.S.-listed equities, indices, and digital assets, with cross-margining across supported asset classes through a single counterparty. The expansion is backed by more than $1 billion in regulatory net capital. Ripple Prime closed a $275 million senior unsecured notes offering on Augus

Circle has signed a principal partnership with Chelsea FC to place USDC branding on the front of the men's, women's and academy team shirts starting from the 2026/27 season. According to Circle's official announcement, USDC will debut on Chelsea's Premier League jersey during the club's first home match of the season against Brighton. "We built USDC on the belief that money should work seamlessly for everyone everywhere," Circle co-founder and CEO Jeremy Allaire said. The sponsorship positions t

According to the Wall Street Journal citing sources, Chinese AI startup DeepSeek is seeking to raise $74 billion in a funding round that values the company at $740 billion, announced on August 28. The funds will be allocated toward research and development and expanding computational infrastructure. DeepSeek targets an initial public offering (IPO) in 2027. Investors in this round include existing shareholders Monolith Management and Shixiang, along with Chinese battery maker CATL (Contemporary

According to Arctic Wolf researchers, Dark Caracal deployed a new Go-based malware framework in June 2026 that retrieves replacement command-and-control server addresses from Ethereum smart contracts. The malware, named GoCaracal, was identified during an intrusion into a Venezuelan communications organization and analyzed across 249 samples. The key innovation is GoCaracal's ability to query a Solidity smart contract named BulletproofC2 on Ethereum to obtain updated C2 server addresses, allowin

According to Bloomberg, Lambda, a US-based AI infrastructure provider backed by Nvidia, secured approximately $1 billion in private debt arranged by JP Morgan Chase. The financing is designated to fund Nvidia graphics processing units that Microsoft will lease, according to the arrangement tied to Lambda's infrastructure deployment agreement with Microsoft. The debt facility complements Lambda's ongoing capital raise efforts, positioning the company for potential public market entry next year.