Gate Crypto Flash News and Market Updates

The onshore Chinese yuan closed at 6.7205 against the U.S. dollar at 4:30 PM Beijing time on August 26, rising 24 points from the previous trading day's official close, though down 2 points from the previous day's night session close.

On August 26, Yichun's ecology and environment bureau issued a statement withdrawing the draft public notice of an environmental impact report for Ningde Times subsidiary Yichun Era New Energy Mining Co.'s lithium mining project in Yifeng County, citing public concerns about the company's initial website disclosure. The Xiazhawo lithium mine, identified as the world's largest proven lithium mica ore deposit, has been suspended since August last year. When asked about the mine's next steps, sourc

According to Federal Reserve discount rate meeting minutes from today, August 26, four out of twelve regional Reserve banks supported a rate increase, signaling divided opinion on monetary policy tightening among Fed leadership.

According to Jin10, Sri Lanka's President Anura Kumara Dissanayake pledged on August 25 to deepen cooperation with China across all sectors. The statement came as Dissanayake received China's newly appointed Ambassador to Sri Lanka Wei Huaxiang for the presentation of credentials. Dissanayake emphasized Sri Lanka's high regard for relations with China and commitment to advancing bilateral cooperation and jointly developing the China-Sri Lanka strategic partnership. Ambassador Wei expressed China

On August 26, a thinly traded Pendle yield market was manipulated early Tuesday, triggering $36.1 million in liquidations on Morpho between 04:37 and 04:51 UTC. A single wallet purchased reUSD yield tokens to push implied yields to 20%, flooding the principal token pool and depressing its price. The same entity executed 33 liquidation events in 14 minutes, seizing 38.6 million principal tokens from borrowers who had looped positions to health factors as low as 1.03. The three largest liquidated

Shiba Inu surged 22% over the past 24 hours to reclaim the $0.000005 level, driven by broader strength across the crypto market. Simultaneously, the network's token burn mechanism kicked into high gear, with 41.8 million SHIB tokens sent to dead wallets, marking a 441% increase in the burn rate compared to recent days. The burned tokens are permanently removed from circulating supply and cannot be recovered. The timing of the price rally and burn spike has drawn trader attention, as the dual sig

According to Taurex, Internet Computer (ICP) has fallen 99.69% from its $700 all-time high, ranking as the worst performer among 60 major cryptocurrencies analyzed in the report as of August 23. The token currently trades around $2, down from its May 2021 peak, with market capitalization now sitting at approximately $1.2 billion. ICP significantly underperformed during the recent altcoin rally, gaining only 7.56% while Bitcoin climbed above $75,000. Between August 17 and 23, the ICP/BTC ratio fe

According to CryptoQuant, Bitcoin surged 24% since August 17, touching $80,000, the highest level since May 15. The platform's bull market score climbed from 30 to 80 within a week, marking the strongest bullish reading since October 2025. Eight of ten tracked indicators currently show bullish signals.

According to ZDNet, South Korean President Lee Jae-myung will meet Samsung Electronics Chairman Lee Jae-yong on August 26 to discuss semiconductor cluster investments in the southwest region. The meeting agenda includes execution plans for three major projects totaling 4.755 quadrillion Korean won, covering semiconductors, physical AI, and AI data centers. Samsung Electronics and SK Hynix announced plans in June to build the semiconductor cluster, with discussions also covering power and water s

According to HyperliquidNews, Phantom wallet has accumulated over $25 million in profits from Builder Codes, with an additional $2.21 million in referral fees, bringing the total to approximately $27.21 million.

According to CNBC, Amazon will shut down Mechanical Turk, the crowdsourcing platform it launched in 2005, on September 30. The platform, which once hosted more than 500,000 workers, allowed companies to outsource digital tasks such as data annotation, transcription, and surveys. Amazon halted new customer sign-ups last month but did not disclose a specific reason for the closure. The platform's activity has declined in recent years as artificial intelligence systems assumed some simple tasks and

According to Lookonchain, a trader opened a 3x leveraged long position of 143,900 SOL worth approximately $14 million. The trader's track record shows three previous SOL long positions that were all profitable, with cumulative gains of $1.23 million.

According to reports citing the South China Morning Post, Jack Ma, co-founder and executive chairman Cai Chongxin, and CEO Wu Yongming collectively increased their holdings in Alibaba (9988.HK) by over HKD 800 million in recent days. Ma alone spent over HKD 600 million on the acquisitions, while Cai and Wu combined spent over HKD 200 million. The moves follow Alibaba's HKD 8 billion capital raise and signal management confidence in the company's AI strategy and long-term growth prospects.

According to Sun Media, on August 26, the Trump administration announced a $1.55 billion rare earth minerals funding plan, with Critical Metals Corp. (Nasdaq: CRML) stock surging 17.99% to $7.87 per share by midday Tuesday. The package, part of Washington's strategy to reduce U.S. defense supply chain dependence on Chinese rare earths, includes $750 million from the U.S. Department of Defense, $500 million in debt financing, and a $300 million advance purchase contract with USA Rare Earth. Trade

According to LME data released on August 26, copper inventory decreased by 1,250 tonnes, while zinc inventory increased by 2,275 tonnes. Nickel inventory fell 54 tonnes, tin declined 35 tonnes, and lead dropped 1,600 tonnes. Aluminum inventory remained unchanged.

Hyundai Motor announced Wednesday at its CEO investor day in Seoul that it will launch over 100 new and redesigned vehicles, with 58 models headed to the U.S., 41 to Europe, 26 to India, and 22 to China. The initiative marks the company's largest product rollout plan on record and targets the competitive American hybrid segment. Hyundai will enter 18 new vehicle segments, including mid-size pickups, light commercial vehicles, and body-on-frame models.

According to influencer帝师, he was defrauded by a blockchain circle friend of 8 years, losing tens of millions of yuan. He entrusted the friend to purchase Bitcoin, Ethereum and other crypto assets, and invested in an exchange operated by the friend in South Korea. Investigation revealed that some of the purported Ethereum assets were actually fake-chain tokens created by the scammer. The fraudulent chain had only 7 addresses, 6 linked to the scammer and 1 belonging to帝师. The scammer even facilit

According to Huons' disclosure to South Korea's Financial Services Commission, the cosmetics and pharmaceutical company canceled its merger agreement with subsidiary Huons Lab on August 26. The decision came after the company's stock price decline widened the gap between the originally calculated merger price and current market valuation, raising concerns over shareholder value destruction. Huons had initially approved the merger in May to consolidate R&D capabilities, but delayed the process du

According to BitMart's official announcement, on August 26, the cryptocurrency exchange's trading services continued to operate past the scheduled 10 a.m. (Korea time) shutdown announced in July. As of 4:40 p.m. on August 26, trading screens for Bitcoin, Ethereum, and Solana remained accessible. BitMart stated on August 21 that it is exploring restructuring options instead of complete liquidation, potentially including creditor payouts and phased business resumption. The exchange has appointed l