Gate Crypto Flash News and Market Updates

The Trump Tariff Losers Index rose 0.50% to 116.45 points on Monday, August 24, displaying a V-shaped pattern for the session.

According to Nikkei, Japan plans to invest $630 million to purchase submarine cable laying ships. The initiative aims to strengthen Japan's infrastructure capabilities in underwater cable infrastructure deployment.

According to South Korea's Financial Supervisory Service and investment banking sector, domestic private equity fund (PEF) commitments reached a record 167.5 trillion won as of August 24, with 1,195 active funds under management by 455 GPs. However, the market shows sharp concentration among large operators: 45 large GPs controlling over 1 trillion won in commitments represent just 9.9% of total GPs but manage 68.7% of all capital. This concentration ratio has widened from 60.4% in 2022 to 64.6%

According to ChainCatcher, U.S. soldier Gannon Ken Van Dyke was charged in April with fraud for allegedly using non-public information to trade on Polymarket event contracts related to Venezuelan President Nicolás Maduro's removal and profit over $400,000. The Commodity Futures Trading Commission (CFTC) filed a civil lawsuit, but a federal judge postponed proceedings pending the outcome of the criminal case. Van Dyke's attorneys filed a motion Monday opposing CFTC intervention in the criminal pr

According to The Fact, mid-sized securities firms in South Korea delivered solid results in the first half of 2026, with net profits surging 63%, but the performance gap with major brokerages widened significantly as the latter's profits jumped 129%. Trading volumes and investor deposits have declined since the second half began, raising concerns for mid-sized firms with higher dependence on brokerage income amid weakening competition in investment banking.

According to Korea Exchange, on August 24, Cosmax shares hit a record high at 286,000 won, up 54.85% in one month. The surge significantly outperformed the benchmark KOSPI index (down 5.64%) and semiconductor stocks (down 7.73%). Other beauty ODM manufacturers also rallied: Cosmetica Korea and Korea Kolmar gained 67.87% and 39.65%, respectively. According to Korea's trade statistics portal TRASS, beauty product exports surged in August. From August 1-20, exports reached $714 million, up 71.8% ye

According to BNP Paribas Wealth Management, the firm has set a 12-month target for the U.S. 10-year Treasury yield at 4.50% in July 2026. The adjustment follows recent observations of the yield around 4.40%, after briefly surpassing 4.60% in May.

On Monday (August 25), the Canadian dollar fell 0.6% against the U.S. dollar as trade tensions between Washington and Ottawa escalated, with new 50% tariffs on approximately $20 billion in Canadian imports taking effect over the weekend. Negotiations between the two nations broke down, and Canada announced retaliatory tariffs beginning September 8. Meanwhile, the U.S. dollar index rebounded 0.2% to 99.01, recovering from a 0.9% decline the previous week. Long-term U.S. Treasury yields, which sur

On Monday (Aug 24), the Information Technology index fell 2.6% to 403.06 points. The AI Winners index declined 2.38% to 387.25 points, while the AI Software Pioneers index dropped 1.49% to 125.53 points.

According to Bitget, Bitcoin fell below 79,000 USDT to 78,975.01 USDT today, down 1.60% intraday.

According to Foresight News, cross-chain protocol warp.green has confirmed a vulnerability in its ERC-20 bridge located in the Chia-side module, which has been exploited. The breach resulted in the loss of 93,000 USDC (comprising 85,000 wUSDC.b and 8,000 wUSDC). The attacker has converted the funds to ETH and currently holds them in an Ethereum wallet. The protocol has sent on-chain messages to the attacker's wallet proposing that if 90% of the stolen funds are returned to a designated multi-sig

According to Morpho, the Lend Callbacks feature is now live, allowing unfilled fixed-rate limit orders in the lending market to earn floating-rate yields while awaiting execution. Users can now submit higher fixed-rate offers while maintaining floating-rate income as a yield floor.

On Monday (Aug 24), the U.S. hyperscaler tech index rose 0.72%, reaching 95.83 points. Meta and Amazon each gained at least 1.33%, while Google and Microsoft advanced by at least 0.84%. Oracle declined 2.74% among the constituent stocks.

According to Reuters, President Trump invested up to $50,000 in SpaceX in June, establishing a direct financial stake in the aerospace company led by Elon Musk. The investment was disclosed in financial documents filed by Trump's office.

According to Blockworks, Solana processed 1.32 billion non-vote transactions in the week of Aug. 17-23, 2026, setting an all-time record for weekly network activity. The figure exceeds Solana's previous peaks from earlier in 2026, when weekly activity had approached but not surpassed the 1 billion mark.

According to a working paper released by the Federal Reserve Bank of Cleveland on July 14, a study based on surveys of approximately 25,000 U.S. households found that cryptocurrency investors have distinctly different risk perceptions compared to non-crypto holders. Crypto investors expected an average return of 22% over the following year, versus just 7% among non-owners, and viewed crypto as less risky than those not invested in the asset. Crypto holders tend to be younger, male, and more libe

According to an August 24 SEC filing, Strive purchased 1,110 Bitcoin worth approximately $81.5 million at an average price of $73,409 per BTC during the week ending August 21. The purchases increased the asset manager's total Bitcoin holdings from 20,246 BTC to 21,356 BTC, worth around $1.7 billion. The company funded the acquisition by issuing 3.65 million common shares and 441,313 preferred shares through at-the-market offerings, increasing its Class A share count by 4.8% and SATA preferred sh

According to Law360, Block Bits founder Dillman was convicted on five counts—four wire fraud and one conspiracy—on Aug. 24 after a 12-member jury deliberated for roughly six hours. The conviction followed the collapse of a $960,000 fundraising scheme targeting about 22 retail investors between June 2017 and August 2018. The alleged fraud centered on a phantom automated trading bot that purportedly traded 100 digital assets across 30+ exchanges. Prosecutors said the bot never existed; instead, co

According to Jin10, former Bank of Japan official Atsushi Adachi said on August 24 that the BOJ is likely to raise rates in September, aligning with market expectations. Adachi noted that the central bank faces pressure to act, with markets nearly fully pricing in a rate hike. He stated that if the BOJ does not raise rates, the yen could weaken significantly again. Adachi indicated that strong inflation momentum supports continued tightening beyond the current cycle. He expects the BOJ may raise

According to Kitco News, gold prices pushed toward $4,700 per ounce this week, reaching their highest level in 15 weeks. The rally was driven by renewed debasement trade sentiment following the U.S. Treasury's announcement to purchase long-dated bonds and as the nation's debt surpassed $40 trillion last week. Bart Melek, Head of Commodity Strategy at TD Securities, noted that gold and silver are surging as investors worry about America's fiscal situation, with the potential for even more aggress