Gate Crypto Flash News and Market Updates

According to Allium Labs data, cryptocurrency projects spent a record $638 million buying back their own tokens so far in 2026, with decentralized exchange Hyperliquid and memecoin launchpad Pump.fun accounting for nearly 90% of the total. Hyperliquid contributed approximately $370 million, while Pump.fun accounted for nearly $200 million, together representing about $570 million of the $638 million spent across the crypto market. The total has already surpassed the $545 million recorded during

According to blockchain security firm Blockaid, More Markets, a decentralized lending protocol on Flow EVM, suffered an exploit today (August 31) that drained approximately 15.5 million WFLOW tokens from its mFlowWFLOW reserve, with an estimated initial loss of $9.3 million. Blockaid identified that the attacker exploited the protocol's E-Mode borrowing configuration in combination with Ankr's liquid staking token (ankrFLOW) to overborrow and drain WFLOW. More Markets acknowledged the incident b

According to CoinGecko data, Bitcoin held around $78,623 on Monday, down just 0.7% over 24 hours despite a weekend of escalating geopolitical tensions and hawkish Federal Reserve signals. The token is on track to close August with a gain exceeding 24%, marking its strongest month since 2017. U.S. military strikes on Iran over the weekend sent West Texas Intermediate crude oil up 2.6% to $85.60 a barrel, while the S&P 500 fell 0.5% and the Nasdaq Composite dropped 0.4%. Meanwhile, Fed Chair Kevin

According to NEAR Protocol, Confidential Intents total value locked (TVL) crossed the $50 million milestone as of August 31. The project is now $20 million away from triggering a snapshot for the Drop 1 campaign. Users can qualify for rewards by maintaining a confidential balance on near.com and executing at least one confidential swap, with a minimum $100 balance required. The achievement reflects growing adoption within NEAR's privacy-focused ecosystem.

According to Bitfinex, Bitcoin surged $14,833 this week ending August 31, marking its biggest weekly gain on record. The performance surpasses the previous record set during the 2024 US election week.

Strategy recently acquired 4,603 Bitcoin at approximately $80.4k per coin, marking renewed corporate interest in the asset. The purchase follows a three-month period during which Strategy raised $2.01 billion without purchasing any Bitcoin. The transaction was highlighted by @bitfinex on X (formerly Twitter).

According to Reuters, on August 31, U.S. Treasury Secretary Scott Bessent stated during the G20 Finance Ministers meeting in Asheville, North Carolina, that he believes Japan's government and the Bank of Japan will take action to strengthen the yen. Bessent indicated he possesses information the market does not yet know, adding that "the market is already reflecting this" when asked if the BOJ will raise rates. Bessent's remarks reinforced expectations for a September rate hike, with sources ind

The Federal Trade Commission sued Amazon on Monday, alleging the e-commerce giant "misled advertisers" about sponsored ads pricing and auction systems. The lawsuit claims a "company-wide effort to deceive" advertisers, citing a 2018 change to Amazon's auction strategy as evidence of the deception.

The European Commission suspended meat imports from Brazil effective Thursday, September 3, 2026, according to an official statement.

U.S. stock markets opened lower on Monday, August 31, as surging oil prices and rising Treasury yields revived inflation concerns. The S&P 500 declined 0.18% to 7,697.52, while the Dow Jones Industrial Average fell 97.4 points to 53,462.6. The Nasdaq Composite slipped 0.17% to 26,358.56. Brent crude climbed above $90 a barrel and U.S. crude moved toward $86.40, following U.S. military strikes on Iranian rocket launchers near the Strait of Hormuz. The 10-year Treasury yield moved near 4.75% as in

According to @a16zcrypto insights shared recently, stablecoin usage in Argentina is stabilizing as inflation eases, with stablecoins accounting for 94% of peso-denominated crypto trading. The stabilization of transaction volumes suggests a potential shift in user behavior, as stablecoins may be increasingly perceived as a habitual financial tool rather than primarily an inflation hedge.

According to Q2 2026 13F filings shared by CryptoTwitter influencer @JSeyff, Goldman Sachs, Jane Street, and Millennium Management have emerged as the top institutional holders of spot Ripple ETFs. The filings provide insights into major financial institutions' interest in Ripple as a digital payment protocol for international transactions.

According to Lookonchain, on August 31, Metaplanet, a Japan-based Bitcoin-focused company, transferred 2,400 Bitcoin to Coinbase Prime within three hours. The transferred BTC was valued at approximately $186 million at the time of transaction. The transfer is part of Metaplanet's 43,000 BTC portfolio, acquired at an average cost of $96,191 per coin, with a total estimated value of around $3.48 billion. While Bitcoin transfers to exchange custody platforms can signal potential sales, they may als

According to TankerTrackers, Arab nations have transported an average of 6.92 million barrels of crude oil daily outside U.S. Navy blockade lines over the past 28 days. Of this volume, 2.53 million barrels per day originated from oil terminals along the Oman coast, while the remaining 4.39 million barrels per day transited through the Strait of Hormuz and were transferred to other tankers awaiting in the Oman Gulf.

On August 31 evening, Shanghai Gold Exchange gold T+D closed down 1.16% at 957.7 yuan per gram, while silver T+D fell 1.78% to 16,150 yuan per kilogram.

According to Sberbank, Russia's regulated cryptocurrency exchanges will open on September 1, with annual trading volume forecast to reach between $46 billion and $46 billion during the first year. By 2029, annual volume could reach approximately 7.5 trillion rubles. Under the new framework, non-qualified investors face a 300,000-ruble annual purchase limit per intermediary and must pass a knowledge test, while qualified investors can trade without caps. The platform will enable Bitcoin and USDT

Shanghai Futures Exchange crude oil 2610 contract rose 3.36% overnight to 637.20 yuan per barrel. Shanghai gold and silver fell 1.88% and 2.74% respectively during the same session.

According to Onchain Lens, a whale accumulated 488,600 HYPE tokens from FalconX approximately five months ago for roughly $17.18 million. The position is now valued at approximately $41.09 million, representing an unrealized gain of $23.91 million and a 139% return. The whale has staked all HYPE holdings to Hyperliquid.

According to Solana's official announcement, Hylo's leverage system on Solana reached $100 million in Total Value Locked (TVL) within four months. The system eliminates traditional margin calls and liquidations, allowing users to adjust leverage dynamically as market conditions change. This model aims to make sophisticated trading strategies accessible to retail investors without exposure to forced liquidations.

According to Bloomberg, on Monday (August 31), Hyperliquid Labs is nearing a partnership with Payward, the parent company of Kraken, to offer crypto perpetual futures to U.S. traders through Payward subsidiary Bitnomial. Under the arrangement, Bitnomial would provide registered U.S. users access to perpetual contracts linked to markets on Hyperliquid's decentralized exchange. Payward has already pitched the Commodity Futures Trading Commission with the structure outline but is still awaiting fin