Gate Crypto Flash News and Market Updates

According to Ripple, Jeonbuk Bank became the first regional bank in South Korea to use Ripple Payments for cross-border business remittances on August 18. The partnership coincides with XRP gaining 44% over the past week, outperforming Bitcoin (up 21%) and Ethereum (up 28%). The service enables Jeonbuk Bank to settle international business transfers in seconds or minutes, compared to days for traditional SWIFT-routed payments. This speeds up remittances for business customers including import-ex

According to The Canadian Press, Canada's Big Six banks face heightened expectations as they report third-quarter earnings this week, with shares up 20-35% year-to-date. Analysts expect midpoint annual earnings growth of around 13%, but warn that any missteps could trigger volatility given the surge in valuations. Scotiabank and BMO report Tuesday, followed by National Bank on Wednesday, with CIBC, Royal Bank, and TD scheduled for Thursday. Analysts will closely watch credit loss provisions and

According to reports from the financial investment industry, on August 26, Korea's financial regulator conducted a search of Korea-America Accounting Firm as part of an investigation into suspected insider trading using non-public information. The Financial Services Commission, Financial Supervisory Service, and Korea Exchange jointly launched the search operation to obtain business documents and internal records related to the case.

According to Korea Exchange data, Korean Electric Power Company (KEPCO) stock surged 8.56% (up 2,800 won) to trade at 35,500 won as of 1:46 p.m. on August 26. The rally came after reports that the U.S. government proposed South Korea invest in a stake of Westinghouse Electric Company (WEC).

According to Morgan Stanley's August 24 research report, the firm raised its Google TPU unit sales price assumption from $20 billion to $27 billion per GW, with gross margins rising to 30% from 20%. The upward revision lifted Morgan Stanley's 2027 and 2028 TPU-related cloud revenue forecasts to $84 billion and $108 billion respectively, representing a 35% and 37% increase from prior estimates. Morgan Stanley maintained its Overweight rating on Alphabet with a $400 price target, implying 16% upsi

Gate News message, Circle has issued 5 billion USDC to centralized exchanges over the past week. The stablecoin issuer has been actively minting USDC during this period.

According to Korea Exchange data, Eugin Securities reported first-half net profit of 1.202 trillion won on Aug 26, up 203.5% from the prior year, driven by gains in debt and equity trading as well as corporate finance operations. However, the stock price closed at 4,360 won, below its 5,000 won par value and down 37% from a May high of 6,920 won. Market analysts attribute the weak stock performance to the company's lack of share buyback activity over the past 19 years under owner-led management.

According to Jin10, on August 26, Chinese Foreign Minister Wang Yi met with Uzbekistan's Presidential Chief of Staff Mirziyoyeva in Beijing. Wang Yi stated that China views Uzbekistan as a trustworthy partner and pledged continued support for the country's sovereignty, security, and development interests, as well as President Mirziyoyev's policy initiatives. China proposed strengthening high-level exchanges, accelerating construction of landmark projects including the China-Kyrgyzstan-Uzbekistan

According to Jefferies and RBC Capital, overnight (Aug 25), analysts view Nike's recent stock weakness as a potential buying opportunity. Jefferies highlighted strong demand for Nike's running products at Dick's Sporting Goods, particularly models like Vomero and Peg, suggesting the turnaround thesis remains intact despite inventory clearances. RBC maintained its 'Sector Perform' rating with a $45 price target, implying 14% upside potential, though noted that Nike's turnaround is progressing mor

According to The New York Times, Netflix is considering adding rival streaming services like Comcast's Peacock and Fox One to its platform on August 26 to compete with Alphabet's YouTube and Roku. The strategy aims to transform Netflix into a one-stop shop for TV content, though no imminent deal has been announced, and it remains unclear whether Netflix would integrate the content directly or operate as a retailer similar to Amazon Prime Video. Wolfe Research raised its price target on Netflix t

According to OFGEM, the UK energy price cap for households using both electricity and natural gas will rise to £1,723 from October 2026, representing an annual increase of £60 or approximately £5 per month.

According to ChainCatcher, AEON, an AI economic settlement protocol, has processed over 1.4 million x402 transactions totaling $14.73 million since launching its AI payment architecture on BNB Chain. The protocol enables AI Agents to autonomously verify and settle on-chain assets in real-time.

According to Beating AI, OpenAI now enables ChatGPT Work to log in to user accounts with user-provided credentials. Previously, the AI would pause when encountering a login page; it now redirects login prompts to the user, who enters username, password, and verification codes. After authentication completes, ChatGPT Work resumes task execution. OpenAI confirmed that ChatGPT cannot view or store passwords. The feature applies to ChatGPT Plus, Pro, and Business users and supports tasks including i

According to OFGEM, the UK energy regulator, the energy price cap will increase by 4% starting October 2026.

According to GMGN data via ChainCatcher, nosis topped smart money inflows over the past 24 hours with a net inflow of $10,000, gaining 456.2% to $0.0023.

According to ChainCatcher, BlackRock has lowered the minimum threshold for converting self-custodied BTC into iShares Bitcoin Trust (IBIT) shares from $25 million to $1 million. Bitwise reduced its comparable threshold from $100 million to $3 million. The conversions use in-kind creation, allowing investors to exchange BTC directly for ETF shares without selling BTC first and triggering capital gains tax. BlackRock's Digital Assets lead Robbie Mitchnick noted that IBIT has processed over $5 bill

According to Mirae Asset Asset Management on August 26, demand for multilayer ceramic capacitors (MLCCs) and PCB substrates is surging as artificial intelligence server upgrades intensify supply chain bottlenecks. MLCCs function as power buffers in AI servers, while PCB substrates connect multiple chips. Mirae Asset's TIGER AI Semiconductor Core Process ETF allocates 71.41% to MLCC and substrate companies, with Samsung Electro-Mechanics holding the largest weighting at 23.96%, followed by LG Inn

According to World Liberty Financial, the Trump family-backed firm launched its USD1 stablecoin natively on the Canton Network on August 25, enabling institutions to settle transactions in tokenized real-world assets and derivatives collateral. USD1 now serves as the cash leg for tokenized securities, institutional lending, asset issuance and redemptions, and cross-border payments under Canton's privacy controls. The stablecoin's circulation stands at US$4.08 billion, ranking sixth globally amon

According to an announcement on August 25, Subsquid partnered with Google Cloud to integrate blockchain datasets into Google Cloud Web3 Blockchain Analytics, enabling users to access Subsquid-validated data through BigQuery. The collaboration connects decentralized blockchain data infrastructure with enterprise analytics tools for businesses and developers. Subsquid applies six cryptographic checks to every block before its information reaches Google Cloud's analytics platform, ensuring data acc

According to Edaily on August 26, JR Global REIT has submitted documentary evidence to a UK commercial court showing that Jones Lang LaSalle (JLL) manipulated Finance Tower's valuation by lowering rental assumptions and inflating maintenance costs. The final appraisal was set at €920 million, with internal JLL communications allegedly showing satisfaction with the reduced figure. The court is expected to deliver its first-instance ruling by end of August or early September.