Gate Crypto Flash News and Market Updates

According to Bitcoin.com News, on Friday (August 29), Polish Prime Minister Donald Tusk called for a re-vote on the Crypto-Asset Market Act during a council of ministers meeting, citing the Zondacrypto exchange collapse that affected customers with up to $94 million in losses. The act has been vetoed three times by President Karol Nawrocki, most recently on June 11, leaving Poland unable to enforce EU MiCA (Markets in Crypto-Assets) standards. As a result, cryptocurrency exchanges remain unable

According to Shinhan Investment & Securities, the Currency Debasement ETF that debuted earlier in 2026 has rebounded 24.8% from recent lows as of late August. The rally follows weak first-half returns amid growing demand for alternative assets, driven by U.S. fiscal instability and declining dollar valuations.

According to the European-Mediterranean Seismic Centre, a 4.9-magnitude earthquake struck off the coast of Northern California today (August 29), with a depth of 10.0 kilometers.

According to CoinDesk, Ripple is developing a four-stage quantum-resistant upgrade plan for XRP Ledger to protect against potential quantum computing threats. The plan first assesses network vulnerabilities, then tests alternative cryptographic solutions under current blockchain workloads. Subsequent stages will run current security mechanisms alongside quantum-resistant alternatives before migrating the entire network. The strategy also includes a contingency protocol if quantum computing advan

According to Hana Financial Investment, Alibaba, Baidu, and Tencent combined spent 196.6 billion yuan on AI infrastructure in the first half of 2026, reaching 91.4% of their full-year 2025 capital expenditure. Despite market concerns triggered by Alibaba's equity financing announcement, research analyst Park Yu-jin at Hana Financial Investment assessed that China's big tech firms possess sufficient cash flow to sustain AI investments going forward. Alibaba's AI cloud computing adjusted EBITA sur

According to BlockBeats, on August 29, Meta is testing robots from Watney Robotics, Kinova, and ABB to maintain its AI data center infrastructure, including replacing network cables, restarting servers, moving equipment racks, and conducting facility inspections. The robots currently face limitations in processing speed, battery life, visual inspection accuracy, and handling dense cabling and complex obstacles, requiring human supervision and assistance. A Meta employee estimated that if cable-r

According to Iran's Foreign Ministry, on August 28, Iran condemned U.S. sanctions against the country, calling them violations of international law that threaten the health and livelihoods of millions of civilians. The statement came as the U.S. maintained its economic pressure campaign amid ongoing diplomatic efforts by neighboring countries to reopen the Hormuz Strait, which has been closed due to U.S.-Iran tensions.

According to Bitcoin.com News, Ireland's Criminal Assets Bureau (CAB) moved 500 BTC worth $38 million on Aug. 28, 2026, transferring the funds from a wallet first created on Jan. 23, 2016, to a newer address. The movement marked the first time these coins moved in over a decade. The 500 BTC are tied to Clifton Collins, a cannabis dealer whose assets were forfeited to Irish authorities. To date, CAB has recovered 2,000 BTC valued at $155 million using current bitcoin prices, according to Arkham I

According to Jeffrey Roach, Chief Economist at LPL Financial, Fed Chair Kevin Warsh's Jackson Hole speech this morning may lack explicit policy details, but footnotes and citations could reveal important clues about future monetary policy direction. Roach advised investors to listen for discussions on Fed credibility, inflation-productivity dynamics, artificial intelligence's role in easing policy needs, and Treasury buybacks. He noted that references and citations may offer clearer insights int

According to ETF market data, South Korean investors shifted funds into low-risk products on August 29 as the domestic stock market continued its pullback. The KODEX Money Market Active ETF led inflows over the past week with 531.9 billion won in new capital, as investors temporarily withdrew from equities or moved to funds that generate cash flows even amid market declines. Covered-call ETFs also attracted increased investor interest during the market adjustment.

According to Tangshan Maritime Bureau, certain areas of the Bohai Sea will conduct live-fire military exercises from August 30 at midnight through August 31 at 24:00, and vessel entry is prohibited during this period, the China Maritime Safety Administration website reported on August 29.

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent (CuEq) at its Mocoa flagship project in southern Colombia. The interval, which began 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, and included higher-grade core sections of 313 meters at 0.71% CuEq, 214 meters at 0.77%, and 102 meters at 0.87%. The result tracked Copper Giant's geological model ov

According to Kitco News, spot gold fell to a session low of $4,549.15 on Friday (Aug 29) following the University of Michigan's final August Consumer Sentiment reading, which came in at 51.7 — better than the consensus forecast of 51 but significantly below July's 55.2. Year-ahead inflation expectations eased to 4.0% from July's 4.2%, while longer-term expectations held steady at 3.3%. Gold last traded at $4,556.41 per ounce, down 0.99% on the day.

On Aug. 28, Bitcoin surged to $81,455 but fell to $76,877 shortly after Federal Reserve Chair Kevin Warsh's speech, erasing $107 million in derivatives liquidations across long and short positions. According to market analysis outlet Cryptoreviewing, an additional $193 million in leveraged positions evaporated across the broader crypto market. Liquidity data shows roughly $5.7 billion resting between $75,000 and $78,500, compared to just $2.8 billion above $81,500 to $84,000. Whales maintain hea

According to CNN and BBC, Canada recruited dozens of researchers from top U.S. institutions including Harvard on August 28 amid deteriorating bilateral relations between the two nations.

According to GMGN market data, Solana ecosystem meme coin GOLD surged over 920x in 24 hours, with market capitalization reaching $47.8 million as of the latest quote. The project, framed as "Trump Digital Gold," claims association with the Trump Foundation and combines gold value narrative with blockchain concepts, though further details remain unconfirmed. The actual connection between the project and Trump-related institutions requires further verification.

According to BlockBeats, Qualcomm launched a long-term robotics investment program in Japan today (August 29), establishing a new robotics center to accelerate physical AI industrialization and ecosystem development. The center will focus on research and development, industry collaboration, talent cultivation, and robotics innovation. Participating institutions include FANUC, Kawasaki Heavy Industries, Toyota, Sony, Panasonic, Fujitsu, NEC, NTT DOCOMO, KDDI, and Preferred Networks. The initiativ

According to Jin10, on August 29, President Trump criticized New York Governor Kathy Hochul, stating she supports Canada rather than the United States. Trump claimed Canada has taken advantage of New York for years, particularly during her tenure, and expressed frustration over her stance on disputed border matters. He endorsed Republican candidate Bruce Blakeman for New York governor, offering his "complete and total" support.

According to Affirm's fiscal fourth-quarter earnings reported on Thursday and CEO Max Levchin's remarks to CNBC, the buy now, pay later firm posted revenue of $1.17 billion, surpassing the $1.11 billion LSEG estimate. Gross merchandise volume reached $14.1 billion, beating the $13.39 billion StreetAccount expectation. Levchin told CNBC that higher gas prices are weighing on U.S. shoppers, noting the national average stood at $4.09 per gallon as of Friday. "The consumer undoubtedly sees the highe

According to Bloomberg, Chinese memory chipmaker CXMT's first-half revenue soared to 150.3 billion yuan (US$22.4 billion) with profit of 77.6 billion yuan (US$11.6 billion), reversing a year-earlier loss. AI-driven demand and tight DRAM supply lifted memory prices. About a month earlier, CXMT raised 66.6 billion yuan (US$9.9 billion) in a record Shanghai IPO, valuing it at approximately US$85 billion and making it China's most valuable listed chipmaker. The company also said its next-generation