Gate Crypto Flash News and Market Updates

According to ChainCatcher, Afghanistan's Taliban government has banned Bitcoin and cryptocurrency trading nationwide, threatening legal action against traders and related businesses. Over 20 crypto shops in Herat have been closed, and at least 13 traders have reportedly been arrested. Monthly cryptocurrency inflows to Afghanistan have fallen from a peak of over $150 million to below $80,000. Taliban officials have characterized digital assets as fraudulent and view crypto speculation as gambling

According to Xinhua News Agency, Mikhaylo Fedorov, Ukraine's former defense minister, announced on August 28 that he has accepted an invitation to serve as an advisor to Italian Defense Minister Guido Crosetto. Fedorov will focus on defense innovation and modern warfare technology. Fedorov was dismissed by President Zelensky after serving for only six months, which sparked widespread protests across Ukraine.

According to blockchain analytics platform Lookonchain, a Solana-based token called GOLD, promoted by Real Trump Coins on Saturday, collapsed within hours of its launch. The brand, which Trump publicly promoted in 2024, touted GOLD on X before deleting the posts. Lookonchain flagged that the developer held 600 million GOLD while 15 newly created wallets controlled 82.45% of total supply. These 15 wallets subsequently sold all 224.5 million GOLD tokens for approximately 3,178 Solana (about $330,0

According to Bitcoin.com News, Ireland's Criminal Assets Bureau moved 500 BTC worth $38 million from a wallet that remained inactive for 10 years on Aug. 28, 2026. The transfer shifted funds from a legacy P2PKH wallet created in January 2016 to a newer address, representing the first movement of these coins since their creation when Bitcoin traded around $382 per coin. The funds are linked to Clifton Collins, a cannabis dealer who forfeited assets to Irish authorities years earlier. With this la

According to Evercore ISI analyst Mark Mahaney, the firm raised its price target for Amazon to $335 and maintained an Outperform rating on May 1, citing strong momentum from Rufus, the company's AI shopping assistant. More than 250 million customers used Rufus in 2025, with users 60% more likely to make a purchase compared to non-users. Evercore projects that by 2028, Rufus and related AI features could add $56 billion to Amazon's retail merchandise value, representing a 4.4% increase, with an e

According to Ukrainian media, on August 28, President Zelensky held a Supreme Commander's meeting to discuss weapons supply and set a target of 1,000 drones daily to conduct remote strikes against Russia. Zelensky noted that Ukraine currently averages over 300 remote strikes on Russia per day but stated this should increase significantly.

According to Binance futures data, altcoin volume share on the exchange collapsed from 63% to 47% in a single week in late June 2026, with the bulk of capital rotating into Bitcoin and Ethereum. On June 29, Binance futures trading volume hit $28.74 billion, up 18% week-over-week. BTC accounted for 47.9% of that total, with ETH capturing 29.2%, leaving the top three assets with 84.7% of all volume. Mid-cap altcoins including ASTER, WLD, and HYPE saw futures volume fall 76%, 48%, and 35% respectiv

According to Ethena Foundation's governance proposal closing September 2, automated ENA buybacks will activate once the protocol's synthetic dollar USDe reaches $7.5 billion in circulation. At that threshold, 95% of Ethena's net revenue would fund open-market ENA purchases, with approximately $22.5 million estimated for annual buybacks assuming 6% APY on underlying positions. Current USDe supply stands around $4 billion to $4.6 billion, requiring roughly 85% growth to trigger the mechanism. Mark

On August 28, South Korea's Ministry of Science and ICT announced that three consortia—SK Telecom, KT, and Kakao—won a competitive bidding process to operate a nationwide free AI service covering all 52 million residents. The program, launched in mid-July 2026 under the "AI for All" initiative, will provide unlimited access to a general-purpose AI chatbot and a public service AI agent. A public beta is scheduled for late September 2026, with full nationwide rollout expected by year-end. The gove

According to Reuters, Taiwan strengthened defenses on the Penghu archipelago during August's Han Kuang exercises, deploying tanks, artillery, mortars, and armored vehicles across the cluster of 90 islands located about 50 kilometers off Taiwan's southwest coast. Taiwan's Coastal Operations Command deployed Hsiung Feng missile launch vehicles to Penghu for the first time, while thousands of troops garrison the islands, which are home to approximately 110,000 civilians. Military officials noted th

According to Reuters, investors withdrew $22.33 billion from U.S. equity funds in the week through Aug. 26, marking the biggest weekly outflow since March. Large-cap funds suffered the steepest selling with $24.73 billion in net withdrawals, while mid-cap funds attracted $2.24 billion and small-cap funds added $794 million, signaling a rotation away from the largest stocks rather than a broad retreat from equities.

According to DefiLlama data, on August 29, Robinhood's DeFi total value locked (TVL) reached $683 million, up 17.78% over the past week and ranking first among major blockchains in weekly growth rate. The network processed $890 million in decentralized exchange volume in the past 24 hours, ranking fifth globally. Robinhood launched in early July and has emerged as a mainstream blockchain within two months of operation.

According to Kitco News, Copper Giant Resources reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The interval, beginning 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, with a higher-grade core of 102 meters at 0.87% CuEq. Importantly, the mineralization appeared almost exactly where the geological model predicted, supporting the company's 1.12 billion-tonne resource estimate.

On August 28, Solana validators approved SGP 0002 to double the network's annual disinflation rate from 15% to 30%, accelerating the timeline to reach its long-term 1.5% inflation floor. The proposal passed with 67% of participating stake in favor, clearing the required 66.67% threshold, with 176.29 million SOL votes in support versus 66.19 million against. This adjustment, which implements SIMD 550 developed by Helius engineers, is expected to result in roughly 18.9 million fewer SOL issued ove

According to Maeil Business, L&G Asset Management CEO Eric Adler revealed in July the firm increased investment in Korean technology stocks amid market weakness. The London-based asset manager, which operates approximately $1.6 trillion in assets under management with over $240 billion deployed across five Asian markets, views the temporary decline as a buying opportunity. Adler stated the company did not reduce its exposure to Korea's tech sector during the downturn, and certain active portfoli

According to Bloomberg Law, on Friday, a federal judge ruled that SVB Financial Trust has no right to claim $1.7 billion deposited at the failed Silicon Valley Bank. U.S. District Judge Beth Labson Freeman determined that because the bank's former leadership decisions directly caused the collapse, the trust cannot recover the funds. The FDIC's argument prevailed: senior management violations were a material factor in the bank's failure, and the trust must bear responsibility for their negligence

According to Jeffrey Roach, chief economist at LPL Financial, Fed Chair Warsh's Jackson Hole speech this morning is expected to lack explicit policy details, but footnotes and citations may reveal important clues about the Fed's policy direction. Roach advised market participants to listen for discussions on Fed credibility, productivity growth, artificial intelligence, and Treasury buybacks. "If the speech itself is short on specifics, the references and citations may offer the clearest clues a

According to MSN news, the U.S. military plans to discipline a 19-year-old sailor who jumped from the USS Lincoln aircraft carrier on August 3. The sailor was rescued approximately one hour after jumping overboard. Military officials have charged him with violating regulations, citing "intentional self-injury or self-harm to evade duty" and abandonment of his post without authorization. The USS Lincoln, which has been deployed since November last year, spent 272 days mostly at sea conducting com

According to The Wall Street Journal, Sheikh Tahnoon bin Zayed al Nahyan and co-investors hold 49% of the holding company created for World Liberty Financial's planned US crypto bank, following a $500M investment made last year. The Office of the Comptroller of the Currency granted preliminary conditional approval on August 27 for the federally chartered national trust bank to issue, redeem, and safeguard USD1, the dollar-backed stablecoin launched by World Liberty Financial. Tahnoon, the UAE's

According to BlockBeats, on August 29, COPPERINU meme token on the Robinhood blockchain reached a $10 million market cap within 2 hours of launch before declining to $8.98 million, with trading volume exceeding $5.7 million, according to GMGN data. The token's developer transferred 40% of the total supply to KOL him, who stated plans to add staking, claiming, and burn features, and committed to using the tokens for community airdrops.