Gate Crypto Flash News and Market Updates

According to Bitfinex, Bitcoin's correlation with gold has reached historically high levels, signaling the start of a bull expansion phase. The exchange noted that its Delta-Thermo Market Multiple metric hit 2.03, crossing the 2.5x threshold that marks the beginning of a bull phase, suggesting the price has transitioned from accumulation to expansion. However, Federal Reserve Chair Kevin Warsh adopted a hawkish stance at Jackson Hole, signaling potential interest rate hikes that could threaten t

According to Lookonchain, Japanese public company MetaPlanet transferred 3,000 BTC (worth approximately $237 million) to Coinbase Prime in the past 24 hours.

China's Deputy Permanent Representative to the United Nations Sun Lei emphasized on August 28 that military measures alone cannot resolve the Haiti crisis, speaking at an open meeting of the UN Security Council on the Haiti issue.

According to Benzinga Pro, Marvell (MRVL) raised its fiscal 2027 and 2028 revenue guidance on Friday (August 28), projecting $120 billion and $180 billion respectively, increases of $500 million and $1.5 billion from prior forecasts. Despite the upgrade, the stock fell 9.96% to $217.41, as investors worried about margin pressure from custom AI chips and questioned whether revenue growth would translate to earnings expansion. Analysts highlighted the company's strategic partnership with Google (G

According to Coinglass, on Aug. 28, Bitcoin peaked at $81,455 before collapsing to $76,877, wiping out $300 million in crypto liquidations overnight. The plunge followed Federal Reserve Chair Kevin Warsh's inaugural Jackson Hole speech, during which he rejected forward guidance over persistent inflation concerns. Market analysis outlet Cryptoreviewing noted that whales maintained heavy sell walls between $80,800 and $83,000, while a $5.7 billion downward liquidity skew between $75,000 and $78,50

On Friday, President Trump signed an executive order at Johnson Space Center to establish the US Space Academy, a new educational institution under NASA jurisdiction. The academy will offer free tuition to students, who must commit to several years of service upon graduation. According to US space officials, the majority of positions will be allocated to NASA and civilian roles, with the remainder available to the US Space Force. NASA Administrator Jared Isaacman is spearheading the initiative a

According to SoSoValue, Solana spot ETFs saw net inflows of $18.08 million yesterday (August 28, U.S. Eastern Time). Bitwise Solana Staking ETF (BSOL) led the inflows with $11.20 million, bringing its historical cumulative net inflows to $1.022 billion. Grayscale Solana Trust (GSOL) followed with $3.53 million in daily inflows and $131 million in total historical net inflows. The combined SOL spot ETF market now holds $1.426 billion in total assets, with a 2.35% net asset ratio, and cumulative n

According to SoSoValue, XRP spot ETFs recorded net inflows of $26.2 million on August 28 (U.S. Eastern Time). Bitwise XRP ETF (XRP) led with $15.4 million in daily inflows, bringing its total historical net inflows to $603 million. Canary XRP ETF (XRPC) followed with $5.1 million in inflows, reaching a cumulative total of $483 million. As of reporting, XRP spot ETFs held total assets under management of $1.44 billion, with cumulative historical net inflows reaching $1.66 billion.

According to SoSoValue data, Bitwise Hyperliquid ETF (BHYP) recorded net inflows of $4.4799 million on August 28 (U.S. Eastern Time). The fund's total assets under management reached $439 million, with cumulative net inflows hitting $154 million since inception.

According to BlockBeats and GMGN data, on August 29, PONS, the native token of Robinhood Chain's token issuance platform Pons, briefly surged to a market cap of $158 million, hitting an all-time high. The token currently trades at a $148 million valuation with 24-hour gains of 29.20% and approximately $15.3 million in trading volume.

According to Fogo Foundation, the organization suffered a security breach on August 29, resulting in 400 million FOGO tokens being transferred to malicious addresses. The foundation has notified exchanges and is coordinating with law enforcement and blockchain forensics experts. The Fogo blockchain remains operational and unaffected.

B.AI announced yesterday (August 28) that it has made six top-tier AI models available for free to all users with zero restrictions. The lineup includes GLM-5.3-Flash, DeepSeek-V4-Flash, DeepSeek-V4-Flash-Vision-Exp, Hy3 (Tencent Hunyuan), MiMo-V2.5 (Xiaomi), and Qwen3.8-Flash.

According to Kitco News, Federal Reserve Chair Kevin Warsh said Friday at the Jackson Hole Central Bank Symposium that price stability is a bigger concern than the slowing labor market. Warsh noted that the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7 percent, while the six-month change is 4.1 percent. Spot gold fell in reaction to Warsh's comments, dropping 1% to trade at $4,552 per ounce. Analysts interpreted Warsh's focus on inflation as signaling a potential

According to PANews, Solana banking platform Avici disclosed a smart contract vulnerability affecting card balance deposits on August 29. The flaw impacted 1,685 users, with approximately $500,859 in card balances compromised. User-held Solana and EVM wallets remained unaffected. Avici stated all contracts have been upgraded and no further unauthorized activity has occurred. The platform committed to providing full refunds to all affected users and has reported the incident to the FBI's Internet

According to Public Citizen, Donald Trump's memecoin TRUMP surged 20% on Friday to reach a $705 million market cap, as the nonprofit released a report estimating that investors have lost $4.7 billion in Trump-linked crypto ventures. The token climbed from a Thursday low of $2.31 to peak at $2.93 before settling at $2.82. The report cited Trump's $1.4 billion in crypto profits earned in 2025, drawn from supporters, foreign governments, and entities seeking U.S. government favor. Public Citizen cl

According to Federal Reserve Chair Kevin Powell at Jackson Hole, the annualized token sales of two leading AI companies have surpassed $100 billion, representing over 500% growth compared to a year ago. Powell stated that the Fed now views AI as a new variable and potential production factor that will influence economic growth and monetary policy. He noted that AI development has reached a historical inflection point, with advancement exceeding earlier optimistic expectations, and corporate capi

According to Political News, Belgium's deputy prime minister and foreign affairs minister summoned U.S. Ambassador Bill White on August 28 over a social media post in which he mocked Belgian Health Minister Van den Brouck. The summons marked the second time this year the ambassador has been called in by Belgian officials.

According to Bitcoin.com News, Ripple Prime launched Delta One on August 27, expanding its institutional brokerage platform to cover equity derivatives. The new offering allows institutional clients including hedge funds and asset managers to execute total return swaps on U.S. equities, indices, and digital assets. Ripple Prime reported more than $1 billion in regulatory net capital, supported by a $275 million senior unsecured notes offering closed on August 18.

According to Kitco News, the U.S. Bureau of Labor Statistics announced on Friday that nonfarm payrolls for March 2026 were revised downward by 79,000 (-0.1 percent), with private employment revised down by 178,000 (-0.1 percent). In response, spot gold fell sharply to $4,543.80 per ounce, marking a session loss of 0.83%, last trading at $4,564.05.

According to Coinglass, in the past 24 hours, the crypto market experienced $452 million in liquidations, with long positions accounting for $360 million and short positions for $91.98 million. A total of 94,129 traders were liquidated during the period, with the largest single liquidation occurring on Binance's ETH/USDT pair at $11.668 million.