Gate Crypto Flash News and Market Updates

According to Axios, Sony Music and Warner Music subsidiaries filed a lawsuit against Anthropic on Friday evening in the U.S. District Court for the Northern District of California. The complaint names Anthropic, CEO Dario Amodei, and co-founder Benjamin Merrell as defendants, alleging copyright infringement related to music content.

On Friday, August 28, President Trump signed an executive order at NASA's Johnson Space Center in Houston to launch the establishment of the first U.S. Space Academy, aimed at training next-generation space professionals for the Space Force, commercial space industry, and lunar exploration efforts. Trump issued a directive to establish the U.S. Space Academy Presidential Commission, chaired by NASA Administrator Jared Isaacman, to develop governance structure, graduation service obligations, cam

According to Jin10, South Korea's top 10 brokers posted record combined net profits of 5.9362 trillion won in the second quarter, up 37% from Q1 and 141% year-over-year. The brokers included Future Asset, Korea Investment, Samsung, KB, NH, Shinhan, Meritz, Kiwoom, Hana, and Daishin. Despite strong earnings, broker stocks have faced significant pressure. The Korea Exchange Securities Index climbed to a yearly high of 9,804.97 points on May 9, then declined sharply to the 6,400-7,400 point range i

According to Goldman Sachs Research, gold will reach $4,900 per troy ounce by year-end, driven by elevated central bank demand. Analysts Lina Thomas and Daan Struyven expect central banks to purchase 50 tonnes monthly this year, up nearly 300% from 17 tonnes per month before 2022. Reserve diversification to hedge geopolitical risks and reduced expectations for U.S. rate hikes are fueling the price rise.

According to Korea Securities Depository, domestic retail investors net purchased approximately 9.7 trillion Korean won (roughly $7.5 billion) of U.S. stocks in the past two months as of August 30. The net purchase volume exceeded the amount invested in KOSPI during the same period, reflecting a shift in investment demand toward overseas equities amid increased volatility in the domestic market.

According to Odaily, Robinhood Chain's decentralized exchange recorded a daily trading volume of $945 million on August 29, marking an all-time high and surpassing the previous peak reached in mid-July. The chain's DEX volume has recovered from an approximately $300 million low in mid-August.

According to Mirae Asset Securities analyst Kim Seok-hwan in a recent report, market focus on Nvidia has shifted from questions about AI demand sustainability to verifying actual customer profitability through GPU adoption. The analyst noted that across Nvidia's recent earnings reports, investors have progressively moved away from concerns about demand continuation and are now emphasizing revenue realization from customers utilizing the company's GPUs.

According to Refi Hub co-founder Numa Lunah, he received a malicious download link from Claude AI on Friday and experienced a system compromise. Lunah said he was installing a transcription app when Claude provided a link that appeared legitimate but actually led to a copycat site bundling malware. After rebuilding his system from a clean install, he discovered a poisoned SKILL.md file in his Claude Code configuration designed to silently re-download malware and steal credentials. Microsoft Defe

According to CNBC Investing Club, the Nasdaq Composite gained 0.9% and the S&P 500 added 0.5% this week, driven by strong earnings showing the AI buildout benefits both hardware and software companies. Nvidia delivered better-than-expected fiscal second-quarter results on Wednesday, with revenue accelerating for a fourth consecutive quarter, while Amazon committed to purchasing an additional 2 million Nvidia GPUs in 2027 and 2028. Salesforce surged 22% Thursday after reporting better-than-expect

According to ChainCatcher, Rain, a Solana-based crypto debit card infrastructure, suffered a hack overnight on August 28–29 due to an outdated contract vulnerability, with approximately 1.1 million USD in user funds stolen. Avici, an affected crypto bank, saw its token AVICI plunge 49% from a 24-hour high of $0.43 to a low of $0.217 before recovering to around $0.378. 1,685 Avici users lost approximately $500,800, while another crypto bank, Tria, reported 636 affected users with losses exceeding

According to an Aug. 26 analysis by Grayscale Head of Research Zach Pandl, rising U.S. government debt could strengthen demand for bitcoin, ethereum, and zcash as investors seek alternatives to weakening fiat currencies. Zach Pandl wrote that unchecked government debt growth undermines fiat credibility and drives the "debasement trade," benefiting bitcoin's fixed 21 million coin supply, ethereum's decentralized settlement network, and zcash's privacy features. The analysis comes as U.S. public d

According to Ripple's announcement on Aug. 28, the blockchain payments company donated $300,000 to World Central Kitchen and Mercy Corps to support emergency meal distribution, water, and sanitation assistance in Nepal and Tibet following destructive flooding. The funds will aid affected communities along Nepal's Bhote Koshi and Trishuli river corridors. At least 17,000 children were affected in Nepal, with 18 schools destroyed and 20 sustained damage, according to UNICEF. The organization has s

According to Fundstrat analyst Mark Newton, NVIDIA, currently trading at $217.55 with a market cap between $5.3 trillion and $5.5 trillion, has altered the market landscape alongside global liquidity shifts. U.S. Treasury yields have surpassed 5%, impacting equities and other risk assets across various classes, suggesting broader implications for market participants as the mega-cap stock's performance and liquidity dynamics intersect.

According to the CFTC on Aug. 28, 2026, Gabriel Perez was fined $172,539.02 after winning 39 of 43 Kalshi prediction market contracts by leveraging early access to President Trump's speeches. Perez, who worked as a teleprompter operator for the White House between December 2025 and February 2026, misappropriated non-public speech information to trade presidential mention contracts. The CFTC order requires Perez to disgorge $107,539.02 in profits and pay a $65,000 civil monetary penalty, with a r

According to CNBC, Goodyear Tire & Rubber reported a net loss of $453 million through the first half of 2026, with operating income of just $131 million (1.6% margin), as CEO Mark Stewart continues the company's Goodyear Forward turnaround plan. The tire manufacturer's debt remained above $7 billion at the end of Q2, while capex spending reached roughly $2 billion combined in 2024 and 2025, with $725 million expected this year. Stewart aimed to achieve a 10% operating margin by the end of 2025 b

According to CNBC Investing Club, this week's earnings results demonstrated that AI infrastructure demand remains strong. Nvidia delivered better-than-expected fiscal Q2 results Wednesday with accelerating revenue growth, and Amazon announced it will purchase an additional 2 million Nvidia GPUs in 2027-2028 despite developing its own AI chips. Nvidia CEO Jensen Huang noted return on AI infrastructure investment is now under one year. The chipmaker raised its price target to $280 from $260. Sales

Salesforce reported better-than-expected earnings on Wednesday (August 27), with stock price soaring over 20% following the release. The company's artificial intelligence agent platform Agentforce saw annual recurring revenue (ARR) reach $1.5 billion and above, representing a 240% year-over-year increase within 18 months of launch. Combined AI and data ARR reached $3.9 billion, more than tripling in a single year. The company delivered adjusted earnings of $5.90 per share, nearly double the cons

According to Bitcoin.com News, 15 wallets linked to realtrumpcoins, an account followed by President Trump, executed a coordinated exit of GOLD token on Solana on August 29, netting a 17x return of $312,000. The wallets purchased 224.5 million GOLD tokens for $18,657, then sold the entire position for 3,178 SOL (roughly $330,000) hours later. Before any external buyers participated, insiders—including realtrumpcoins' own 600 million-token holding—controlled 82.45% of GOLD's total supply. After t

According to CNBC, OpenAI announced late Friday (August 29) that it is ending developers' access to its models on Cursor, the AI coding startup acquired by Elon Musk's SpaceX in August for $60 billion. OpenAI cited concerns that it "cannot be confident that SpaceX will use our technology within our terms of service, based on our experience with Elon Musk's companies violating contracts." The proposed shutoff date is November 12, 2026. Cursor CEO Michael Truell said OpenAI models serve about 5% o

According to the Korea Exchange, on September 1, four new ETF products will launch on the Korean securities market. KB Asset Management's RISE Global AI NAND Memory Semiconductor ETF will invest in 10 companies focused on NAND flash memory and storage across South Korea, the U.S., and Japan. Kiwoom Investment Asset Management's KIWOOM Samsung SK Group TOP4+ ETF will hold five core companies from each of Samsung and SK groups. DB Asset Management's Mighty New Drug Focus Bio Active ETF targets dom