Gate Crypto Flash News and Market Updates

According to Saudi satellite TV, Iraqi factions have proposed modifying the original September 30 deadline for returning weapons to the state. The factions are pushing for a two-year freeze on weapons usage in line with Iran's vision.

According to BlockBeats, on August 23, Jiang Zhuoer, founder of Litbit Mining Pool, warned that investors who missed the current Bitcoin cycle face greater risk than those who miss near-term price gains. Based on historical cycle patterns, if $57,800 marks the cycle bottom, the timeline and drawdown differ significantly from previous cycles, causing many to miss entry points while waiting for deeper pullbacks. Jiang outlined two strategies: Plan A involves buying if BTC retraces to the $67K-$72K

According to Jin10, Zhaojin Mining announced H1 2026 net profit attributable to parent of 1.578 billion yuan, up 9.61% year-over-year. Revenue reached 9.022 billion yuan, up 29.38% YoY, while total net profit was 2.105 billion yuan, up 18.50% YoY. The board does not recommend an interim dividend distribution.

According to the China Earthquake Networks Center (CENC), a 4.3-magnitude earthquake occurred near Tashkurgan County in Kashgar, Xinjiang at 6:04 p.m. on August 23. The epicenter was located at 36.96°N, 74.89°E. The agency noted that the final result will be confirmed by an official rapid report.

According to CCTV, air raid sirens sounded in Ukraine's capital Kyiv on August 22.

According to PeckShield, The Sandbox's cross-chain bridge on Base and BNB Smart Chain was exploited on August 21, with attackers minting approximately 14.9 billion unbackable SAND tokens. The Sandbox confirmed the vulnerability and disabled bridge functions on both networks. Coinbase plans to delist 10 perpetual futures contracts, including SAND, on August 26, with all open positions to be automatically settled. The impact represents less than 0.01% of total SAND supply, with Ethereum and Polygo

The U.S. Department of Education recommended on August 21 revoking the American Bar Association's accreditation authority over law schools, which the ABA has held for over 70 years. The department cited the ABA's accrediting body's lack of independence and failure to revise accreditation standards to require law schools to implement diversity, equity, and inclusion (DEI) policies as mandated by the federal government. A final decision is expected within several months.

According to CZ's post on X, EASY Residency's fourth-season Demo Day will be held next week in Bhutan, with CZ set to attend. The program's fifth season is now accepting applications until September 14, with focus areas including programmable capital and on-chain markets, AI infrastructure and compute economics, AI interaction interfaces and consumer layers, and AI times biotech and programmable science.

According to Onchain Lens monitoring, Machi Big Brother's 28,450 ETH long position on Hyperliquid (valued at approximately $68.56 million) shifted to unrealized profit on August 23, with approximately $1.49 million in unrealized gains. The address simultaneously opened HYPE and PUMP long positions, which were showing unrealized losses of approximately $117,600 and $158,600 respectively at the time of monitoring.

According to Korea Securities Depository data, Korean retail investors' daily average settlement amount for U.S. stocks fell to $1.9498 billion from August 1-21, marking the lowest level in 2026. This represents a 71.6% decline from July's $2.0861 billion and a two-thirds drop from June's peak of $2.9833 billion. Despite the S&P 500 and Nasdaq reaching record highs on August 21, investors remained cautious. Market participants cited concerns over elevated big-tech valuations, higher U.S. Treasur

According to China's State Administration for Market Regulation, Tesla recalled nearly 3 million vehicles on August 21 for emergency mechanical door handle defects affecting Model 3, Y, S, and X. The company informed owners that immediate dealership visits are not required; repairs will be tiered based on priority, with software reminder labels arriving in-store by end of September, and owners given three years to complete service.

According to Onchain Lens monitoring, FalconX transferred 80,200 HYPE tokens, valued at approximately $6.27 million, to Gate exchange yesterday (August 22). The move may precede a potential sale of the tokens.

According to PANews, on Aug 23, Ruby on Rails founder and 37signals co-founder DHH announced the establishment of the Omacom Foundation, a non-profit organization that raised $8 million in seed funding to support Omarchy infrastructure and open-source development. Eight initial donors contributed $1 million each, including Shopify CEO Tobi Lütke, Stripe CEO Patrick Collison, Dell Technologies CEO Michael Dell, Block board chair Jack Dorsey, Cloudflare CEO Matthew Prince, Oculus co-founder Brenda

According to a study by Vietnamese researchers Pham Ngoc Toan, Le Tran Trung Hieu, and Nguyen Vu Trung Nguyen published in MDPI, bitcoin mining operations show statistical correlation with operational shifts to Russia as EU carbon pricing rises. The research analyzed daily power sector emissions from 2019 to 2025 and found that mining companies with hardware in both jurisdictions shut down EU equipment and activate Russian rigs during peak carbon allowance price periods to maximize profits, rath

According to BlockBeats, on-chain monitoring platform OnchainLens detected FalconX transferring 80,200 HYPE tokens worth approximately $6.27 million to a centralized exchange on August 23, potentially indicating a planned sale.

According to the U.S. Treasury Department, U.S. national debt surpassed $40 trillion for the first time on August 20, reaching $40.0332 trillion. The 2026 fiscal deficit widened to $210 billion, equivalent to 6% of gross domestic product, triggering a surge in Treasury supply. The 30-year Treasury yield hit a 19-year high as a result.

According to CryptoQuant analyst Darkfost, altcoin market cap increased by $215 billion from Aug 19–22, marking a 24% gain and pushing the sector past the $1 trillion milestone in just three days.

According to Onchain Lens, FalconX transferred 802,000 HYPE tokens to Gate yesterday (August 22), valued at $6.27 million.

According to Seoul Economic Daily, as of August 21, gold prices rebounded to $4,680 per ounce, up 17.25% in one month, while gold-mining ETFs surged 40% within the same period. The Wisdomtree Efficient Gold + Gold Mining Strategy ETF (GDMN) gained 47.60%, while the iShares MSCI Global Gold Miners ETF (RING) rose 42.85%. The Van Eck Gold Miners ETF (GDX) and Global X Gold Explorers ETF (GOEX) each climbed 38.60%. Gold prices had dropped to a low of $3,992 per ounce in July before recovering. The

According to Korea Exchange, KOSPI's daily average turnover rate fell to 0.56% as of August 23, marking the lowest level so far this year. Despite semiconductor leaders Samsung Electronics and SK Hynix driving a rebound in the index, investor sentiment remains subdued, with trading volumes continuing to decline. The reluctance of institutional and retail investors to participate in the market reflects ongoing caution in South Korea's equity market.