Gate Crypto Flash News and Market Updates

At Bitcoin Asia 2026 conference in Hong Kong this week, Binance founder Changpeng Zhao predicted Bitcoin will surpass gold in market importance during the next major bull run. Zhao noted that gold currently holds a market capitalization of roughly $32.4 trillion compared with Bitcoin's approximately $1.6 trillion, a gap that has narrowed significantly. Bitcoin traded around $79,700 on Thursday, up 25% over the previous week and 1.5% in the prior 24 hours, according to The Block.

According to Jin10 futures on August 28, the Dalian Commodity Exchange reported the following changes in chemical products warehouse receipts: Polyethylene futures receipts stood at 4,199 lots, down 137 lots from the previous trading day; Polyvinyl chloride (PVC) futures receipts reached 119,425 lots, up 27 lots from the previous day; Polypropylene futures receipts totaled 28,280 lots, declining 137 lots from the prior session.

According to Foresight News, Arrow Finance, a DeFi protocol in the Robinhood ecosystem, announced its mainnet is launching soon and aUSD liquidity has migrated to UP, Robinhood Chain's native DEX. The move aims to provide deeper liquidity and better exchange rates for aUSD trading. Existing liquidity providers need to redeposit their assets on UP to continue earning rewards.

According to China's Foreign Ministry spokeswoman Lin Jian at a press conference on August 26, a mudslide on the Nepalese side of the China-Nepal border caused significant casualties and missing persons at Gyirong Port in Xigatse, Tibet. Lin said the casualty figures and nationality breakdown of those affected—including whether Indian tourists or pilgrims were impacted—are still being verified. China has notified relevant countries' diplomatic missions in Beijing and will maintain communication.

According to Xinhua News Agency, China's Foreign Ministry urged Japan on August 28 to accelerate the disposal of chemical weapons left over from World War II, a longstanding issue in bilateral relations.

According to China's Foreign Ministry spokesperson Lin Jian on August 28, U.S. President Trump implied yesterday that the U.S. might sanction Chinese banks maintaining business ties with Iran, amid efforts to further isolate Tehran. Lin stated that China's opposition to illegal unilateral sanctions remains consistent and clear, and that dialogue and negotiations are the only path to resolving the Iran issue.

According to Jin10, Anthropic plans to file its IPO prospectus after Labor Day (September 7) and may go public in late September or early October.

According to hashrateindex.com heatmap stats, U.S. Bitcoin hashrate share fell 0.823% between Q1 and Q3 of 2026, dropping from 37.523% to 36.7% as of Aug. 27. Despite the decline, the U.S. remained the dominant mining nation. Russia's share rose from 16.417% to 17.2%, and China increased from 11.276% to 12.2%, though both countries experienced absolute hashrate losses of 13 EH/s and 10 EH/s respectively. Bitcoin's total hashrate declined to 892.35 EH/s from over 1,000 EH/s at the start of 2026.

According to Chinese Foreign Ministry spokesperson Lin Jian at today's regular press conference, experts and official institutions from both China and Nepal have concluded that the mudslide disaster in Jilong County, Shigatse, Tibet was triggered by a high-altitude glacier collapse within Nepal's territory, as reported by China Central Television.

On Thursday, New Zealand's ACT party unveiled a proposal to waive capital gains tax for taxpayers holding crypto assets for over a year, according to the party's official policy document. The tax exemption would apply exclusively to individual retail investors; professional traders and businesses remain subject to existing tax rules. Assets held for less than a year would still be taxed. The plan also exempts small personal purchases made with crypto from taxation, aiming to enable digital asset

According to Bank of Thailand, the country's international reserves reached $284.7 billion as of August 21, up from $280.9 billion on August 14, representing an increase of $3.8 billion in one week.

According to Binance, on August 28, the exchange launched five USDT-margined TradFi perpetual contracts featuring Tempus AI (TEM), Merck (MRK), IonQ (IONQ), MARA Holdings (MARA), and Pinduoduo (PDD). The contracts rolled out sequentially beginning at 17:00 Beijing time, with support for up to 20x leverage, 24/7 trading, a 5 USDT minimum notional value, and 8-hour funding rate settlement cycles.

According to Jin10, as of 15:31 on August 28, Chinese commodity futures experienced significant capital outflows from stock index contracts. CSI 1000 September futures saw the largest outflow at 5.718 billion yuan, followed by CSI 300 September at 3.384 billion yuan and SSE 50 September at 1.009 billion yuan. Inflow activity was led by lithium carbonate September at 2.179 billion yuan, coking coal September at 1.189 billion yuan, and Shanghai silver October at 0.998 billion yuan.

According to the Bank of Thailand, on August 21, Thailand's net forward position reached $24.8 billion, up from $24.7 billion on August 14.

According to Palo Alto Networks CEO Nikesh Arora, on Friday, the AI-driven memory 'supercycle' will eventually turn cyclical as excess profits attract innovation and cost optimization, posing potential risks to memory chip makers such as Micron and SanDisk. In an X post, Arora stated: "All supply constraints over time have to equate. When excess profits are made in a category all innovators arrive. Cheaper production, technological innovation etc." He added: "Memory and semis have been cyclical.

According to PPP prediction market monitoring tool, a wallet (0xe015b5a2a299167be835a2fd1e86f09c49e06ffd) that has lost over $500,000 purchased $52,000 in NIP victory predictions against EDG on Polymarket on August 28 at 2 p.m., with an average entry price of 82.3 cents and 63,953.5 shares acquired. The wallet also holds approximately $10,000 in NIP Game 2 victory bets. The NIP vs. EDG match is a best-of-five series; NIP currently leads 1:0.

According to Odaily, TSMC distributed approximately 36 billion New Taiwan dollars in employee bonuses for Q2, up over 50% year-over-year. The company reported Q2 revenue of 40.2 billion U.S. dollars and net profit attributable to shareholders of 706.56 billion New Taiwan dollars, representing 77.4% year-over-year growth, with earnings per share of 27.25 New Taiwan dollars.

According to South Korea's Banking Association disclosure on August 28, three internet banks—Kakao Bank, Toss Bank, and K Bank—met their 30% target for low-credit lending in Q2 2026. On a new loan origination basis, Kakao Bank led with 38.4%, followed by Toss Bank at 32.7% and K Bank at 32.4%. The financial regulator had set a minimum 30% threshold for new originations to low-credit borrowers. However, all three banks showed quarter-on-quarter declines from Q1, when Kakao Bank reached 45.6%, Tos

According to French Finance Minister Lescure, summer's unusually high temperatures have dampened GDP growth, with data reflecting what he described as a "terrible summer." Crop yields in certain regions are expected to be "extremely difficult," with the effects set to continue impacting third-quarter GDP performance.

According to a U.S. Central Command (CENTCOM) commander, American military forces have recently protected approximately 1,500 commercial vessels transporting about 750 million barrels of crude oil through the Strait of Hormuz while simultaneously implementing a naval blockade against Iran.