Gate Crypto Flash News and Market Updates

According to CoinDesk, POSCO International, South Korea's largest trading company, completed tokenization of its trade receivables on the Avalanche blockchain on August 26. The company, which generated $222 billion in annual revenue and operates over 80 overseas branches, partnered with trading finance platform Olea and fintech company Intain to verify and record the receivables on Intain's Avalanche-based network. This marks the company's second real-world asset tokenization initiative, followi

According to CoinDesk, Zerohash resubmitted its application for a national trust bank charter to the U.S. Office of the Comptroller of the Currency (OCC) on August 26, following its initial filing rejection in July due to substantial deficiencies. The crypto infrastructure company narrowed the scope of its revised application to focus on trust activities aligned with its operational timeline. The OCC is seeking public comment on the new application through September 17.

According to CoinDesk, on August 26, 39 U.S. state banking associations formally established the BankChain Alliance, a blockchain network initiative set to launch by 2027. The network aims to facilitate smart payments, tokenized deposits, and stablecoins. Led by Florida Bankers Association CEO and former Consumer Financial Protection Bureau Director Kathy Kraninger as interim chair, the alliance emphasizes the network will be industry-owned, industry-designed, and industry-governed, while mainta

According to The Block, GalaxyOne, the retail platform of Galaxy Digital, launched a crypto-backed credit line today (August 26) allowing qualified customers to borrow USD or USDC against Bitcoin, Ethereum, and Solana holdings without selling assets. The product combines multiple crypto assets as collateral through a single revolving credit facility and features zero origination fees with an 8.99% annual rate. Initial coverage spans 40 U.S. states, with no asset restaking involved.

According to foreign media reports, Wrtn Technologies, a South Korean AI platform, completed Series C financing at a valuation of 1.2 trillion Korean won (approximately $870 million) on August 26, with roughly 100 billion won raised in this round to support global expansion. The company's North American AI narrative platform OOC, which launched in May, has generated monthly revenues exceeding 100 billion won. Wrtn projects full-year 2026 revenues will surpass 200 billion won, compared with appro

According to OpenAI, Chris Malone, the executive overseeing the company's data center construction, has departed, the company confirmed today (August 26). OpenAI reorganized its infrastructure division earlier this year, and the company is now restarting certain data center projects, particularly those involving leasing entire facilities, according to sources familiar with the matter.

According to Wall Street Journal, on August 26, Anthropic disclosed in its IPO filing that the company's potential addressable market (TAM) exceeds $30 trillion, surpassing SpaceX's previously estimated $28.5 trillion. The company is using TAM to showcase growth opportunities that AI models could create by completing various types of work. Anthropic's Q2 revenue already exceeded $11.6 billion, with the company targeting a valuation of approximately $2 trillion in its upcoming IPO, potentially ra

The Nikkei 225 index opened down 342.29 points, or 0.52%, at 65,514.14 points on August 26.

According to Motley Fool, Western Digital's stock could surge 160% over the next three years, from $450 to $1,165. The investment firm predicted the company's earnings per share (EPS) will expand 4.5 times to $44.83 by fiscal year 2029, while its current price-to-earnings ratio of 17x recovers to the Nasdaq-100's leading multiple of 26x. Morgan Stanley data shows annual HDD demand growth of 40–50% significantly outpaces supply growth of 30–35%. Data center-focused nearline drive prices per terab

According to LG Household & Health Care's recent disclosure, the company is selling its Avon North America business for $6 million, down 95% from its 145 billion won (approximately $111 million) acquisition price in 2019. The asset has been a significant drag on performance, accumulating 128.6 billion won in net losses since acquisition. In 2019 alone, Avon's capital position turned negative at minus 54.6 billion won. Revenue declined 32% from its 2020 peak of 394.2 billion won, while cumulative

According to Yonhap Infomax, Coinone removed trading fees for all cryptocurrency pairs from 11 a.m. on August 26, implementing a zero-fee structure through a voucher system. Users can generate vouchers on Coinone's web or app to trade all assets fee-free. Vouchers are valid for 30 days and can be reissued without restriction upon expiration.

According to Yonhap Infomax, on August 26, KB Financial Group's chairman nomination committee will finalize three candidates for the next chairman position on August 27. The committee selected a shortlist of six candidates in July, including four internal candidates—incumbent chairman Yang Jong-hee, Lee Jae-geun, Lee Chang-gwon, and Lee Hwan-joo—and two external candidates, including former Woori Bank Chairman Kwon Kwang-seok. The committee conducted first-round interviews with all six candidate

According to CNBC, Morgan Stanley upgraded Dynatrace (NYSE: DT) to Overweight from Equal-weight yesterday (August 25), raising its price target to $65 from $58. Analyst Sanjit Singh cited strong demand in the observability market, driven by cloud growth, software development expansion, and enterprises entering AI infrastructure deployment cycles. The firm projects Dynatrace will achieve sustainable revenue growth exceeding 20% annually over the next two years with expanding profit margins.

Ahead of the Jackson Hole conference, Federal Reserve officials have issued warnings on debt market stability and inflation concerns. Barkin warned that U.S. Treasury markets could face a "clearing moment" as investors potentially refuse to purchase, while Collins emphasized that inflation risks remain and suggested rate hikes may be necessary in the near term.

According to Jin10, on August 25, Qatar's Foreign Ministry spokesman Ansari criticized U.S. unilateral sanctions against Iran and renewed calls for diplomatic dialogue. Ansari stated Qatar is actively working to bring the U.S. and Iran back to the negotiating table and urged all parties to participate in mediation efforts led by Qatar, Pakistan, and other regional countries. He emphasized the urgency of restoring freedom of navigation in the Strait of Hormuz to pre-crisis open conditions.

According to Yonhapinfomax, GolfZon Holdings shares closed at 7,500 Korean won on August 26, trading 12% above the 6,700-won per-share price set by controlling shareholder SJ Investment Holdings for its second tender offer, which closes September 2. Terton Capital, a minority shareholder, announced it will not tender its shares and is considering legal action, citing inadequate disclosure of valuation methodology by the company's board. SJ Investment had previously acquired 22.74% of shares in i

According to U.S. senior officials, CIA Director Ratcliffe made a secret visit to the Kremlin on August 26 to deliver a final warning aimed at addressing recent drone incursions into NATO airspace and preventing Russia from escalating attacks on Kyiv following Ukrainian strikes on commercial supply chain facilities. Ukrainian President Zelenskyy meanwhile announced that Ukraine can produce 200-300 long-range strike drones daily with operational ranges between 350-3,000 kilometers, though additio

Japan's corporate services price index rose 0.4% month-on-month in July, reversing the previous month's decline of 0.4%.

According to Forbes, cryptocurrency venture capital firm RockawayX, which manages approximately $2 billion in assets, plans to raise $150 million for a new liquidity opportunities fund on August 26. The fund will invest in undervalued tokens and crypto-related equities. RockawayX previously acquired hedge fund Relayer Capital, with founder Austin Barack (formerly a partner at CoinFund) continuing to lead the initiative.

Barry Silbert, founder of Grayscale, predicted at the YZi Labs event in Bhutan that U.S. stock exchanges will achieve 24/7 trading within five years, with competition from Hyperliquid potentially accelerating this shift. Regarding Zcash, Silbert stated the privacy-focused cryptocurrency could eventually reach a market value equivalent to one-tenth of Bitcoin's, around $8,000 per ZEC, citing its enhanced privacy features compared to Bitcoin. He characterized meme coins as essentially "gambling" i