Gate Crypto Flash News and Market Updates

According to CNBC, Citadel CEO Ken Griffin announced on August 21 that he has eliminated over 80% of Situational Awareness' original portfolio risk through nearly 100 large block trades, with total assets exceeding $4 billion. Griffin also stated the fund has rapidly exited most of its vega risk exposure.

According to Saudi state television, Saudi Crown Prince Mohammed bin Salman departed for France today (August 21) on an official visit.

According to ChainCatcher, Ethereum treasury company Bitmine announced on X that BMNR has become the U.S. large-cap stock with the highest price correlation to Ethereum (ETH), surpassing Coinbase (COIN) among major equities. Bitmine's business model as a crypto treasury stock gives its share price greater sensitivity to ETH price movements compared to traditional crypto trading platform stocks. However, market analysts noted that the high correlation between BMNR and ETH means the stock price is

According to the Philippine National Disaster Risk Reduction and Management Council (NDRRMC), 88 municipalities across the Philippines entered "disaster state" on August 21 due to heavy rainfall triggered by the combined effects of the southwest monsoon and tropical cyclone conditions.

According to Coinbase CEO Brian Armstrong (via CoinDesk), the CLARITY Act is expected to secure approximately 60 votes to pass the U.S. Senate's first procedural vote on September 15, following the chamber's recess. Armstrong expressed confidence in the bill's bipartisan support and stated it represents a significant first step in the legislative process ahead of a formal floor vote.

According to WSJ, Monte dei Paschi has proposed a $40 billion bid to acquire two Italian banking peers, Banco BPM and Banca Generali, positioning itself as a major domestic player. Italy's government has expressed support for creating a third national banking champion alongside Intesa and UniCredit, and has indicated it does not want Monte dei Paschi to be broken up. The move represents an offensive strategic maneuver to strengthen Monte dei Paschi's position amid consolidation pressures in the

According to a Commodity Futures Trading Commission filing, prediction market platform Kalshi seeks approval to launch COPPERPERP, a perpetual futures contract tracking spot copper prices in U.S. dollars per pound. The proposed contract would use Pyth Network's XCU/USD price feed and employ a funding mechanism to maintain price alignment with the underlying reference. Trading would occur continuously on weekdays from 6:00 PM Eastern Time Sunday to 5:00 PM Eastern Time Friday, adopting position l

According to MANTRA, the OM token fell 18.5% to a record low of $0.004126 on Thursday, August 21, after MANTRA Chain halted block production due to a software exploit. The network froze transactions and endpoints while developers investigated the vulnerability in upstream dependency software and prepared a patch. Trading volume surged approximately 600% to around $24 million over 24 hours, reflecting increased market activity during the disruption. The project suspended deposits and withdrawals

According to CNBC, Citadel founder and CEO Ken Griffin released an investor letter regarding Situational Awareness today (August 21).

According to ChainCatcher, a whale opened long positions in Bitcoin and Ethereum on July 6 during the market downturn triggered by MicroStrategy's coin sale announcement, with total position value of approximately $80 million. The whale entered BTC at $62,353 and ETH at $1,762, holding positions through today. Following recent market recovery over the past two days, the whale's long positions have generated unrealized gains of approximately $21.1 million.

Tether halted its Bitcoin mining operations in Uruguay after a power supply dispute with state utility UTE forced the stablecoin issuer to walk away from a $120 million investment. The company announced plans to enter Uruguay in May 2023, committing roughly $60 million to each of two mining sites in the Florida department. According to a former contractor, the total investment reached approximately $120 million. The project unraveled after Tether and UTE disagreed on electricity contract terms—T

According to CFTC Chair Michael Selig on Thursday, the agency will build its own crypto regulatory framework if the Clarity Act remains stalled in Congress. Speaking at the CFTC's Innovation Advisory Committee meeting, Selig stated that if the bill does not advance, his agency will utilize existing authorities to establish a regime for digital asset markets. Staff have been directed to explore rules for CFTC market structure covering crypto assets, with formal proposals to follow if lawmakers do

According to CryptoQuant analyst Darkfost, Bitcoin market realized profits reached $1.65 billion on August 20, marking the highest level in 2026 so far. The surge in realized profits indicates large numbers of investors are taking profits at higher price levels.

According to VanEck's Matt Seigel, short-term U.S. Treasury bills now account for 23% of tradable debt, surpassing the Federal Reserve's recommended range of 15–20%. This elevated reliance on short-term financing increases the cost of maintaining higher interest rates and exerts pressure on the U.S. dollar, VanEck noted. The asset manager highlighted that over the past 15 years, Bitcoin has maintained a consistent negative correlation with the dollar, suggesting the cryptocurrency may serve as a

According to Yonhap Infomax, the U.S. Dollar Index (DXY) fell to 98.657 on Aug 21 at 8:08 a.m. ET, down 0.227 points or 0.23% from the previous close. The euro and pound strengthened amid signs of economic improvement in the eurozone and UK, with the eurozone's August composite Purchasing Managers Index reaching 52.1, the highest in 11 months, while UK's August composite PMI rose to 52.5, the highest since April. Oil prices also declined, with WTI crude for October delivery falling more than 1%

According to JPMorgan Chase, Turkey's central bank will resume weekly repurchase auctions in September and cut rates by 100 basis points each in October and December, targeting a policy rate of 35%. The measures are expected to bring the effective funding rate down from 40% to 37%.

According to Harsha MV, Global Head of Marketing and Growth at OrbitX, the HSC Conference held in Ho Chi Minh City on August 15 featured a keynote session on launching successful borderless neobanks. Harsha emphasized that while billions hold stablecoins, most value remains static on digital wallets rather than circulating through real-world payment systems. He outlined a two-part framework: custody infrastructure for holding and transferring stablecoins across blockchains, and geography-specifi

According to FinanceFeeds, on August 18, the SEC proposed Regulation Crypto Assets, a new framework allowing token issuers to raise up to $75 million without registration over a 12-month period, with a smaller $5 million startup exemption available over four years. The proposal introduces a safe harbor mechanism enabling crypto assets to cease being treated as "investment contracts" once issuers complete promised managerial efforts and certify compliance. Antifraud protections remain in full eff

According to PANews, on August 21, a high-performance model called Ox Alpha launched on OpenRouter with support for up to 1 million token context window and multimodal input including text, images, and video. The model will be available free to users for one week. The developer and true identity of the model remain undisclosed, with no AI laboratory or company having claimed ownership.

According to BlockBeats, Tom Lee stated on August 21 that he would choose Robinhood over Kalshi if holding for ten years. Lee highlighted that Robinhood possesses a strong moat and has built genuine customer relationships, noting that investors often underestimate the importance of Robinhood's user interface. He also acknowledged that regulatory risks in prediction markets present a complex issue involving local regulators and court decisions.