Gate Crypto Flash News and Market Updates

According to Meta's investor statement and California Attorney General Rob Bonta, Meta settled social media addiction litigation with a coalition of U.S. states on August 26 for up to $18 billion. Meta will pay $12.7 billion over 10 years, with the remaining $5.3 billion conditional on TikTok and Alphabet's YouTube adopting similar youth safety measures. Meta committed to fundamental platform changes for users under 18, including a 2-hour daily usage limit (removable only by parents), disabling

According to US Treasury Secretary Scott Bessent, the US Treasury and Bank of Japan conducted coordinated currency interventions in late July and early August 2026. The US purchased $5 to $10 billion in yen, while Japan undertook larger-scale interventions estimated at $52 to $54 billion to support the currency. Bessent clarified that Japan holds no debt obligations to the US Treasury; rather, Japan remains the largest foreign holder of US Treasuries at approximately $1.1 to $1.2 trillion. Addit

According to Morgan Stanley, China's memory manufacturers—specifically Changxin and Yangtze Memory—are poised to fundamentally alter global semiconductor supply dynamics by 2028. The report forecasts Changxin's DRAM monthly wafer capacity expanding from 18 million units in 2025 to 50 million by 2028, potentially capturing 15% of global DRAM bit shipments and surpassing Micron as the third-largest DRAM supplier. While 2026-2027 AI demand and HBM production constraints may absorb China's new capac

According to BlockBeats, Liquid Capital founder Li Lihua said on August 29 that Bitcoin's pullback is proceeding as expected, and if the price continues to retreat to around $75,500, it would present a strong buying opportunity. He remains bullish on a modest recovery following the correction.

According to Zhongzheng Jinnusi, Zhong'ou Fund disclosed in its mid-year report that multiple funds under its management recorded profitability ratios exceeding 99.9% for investors over the past year (July 1, 2025—June 30, 2026). The highest profitability ratio reached 99.92%, shared by Zhong'ou Jiayiyi Year-Blend Fund and Zhong'ou Growth Leadership Year-Hold Hybrid Fund A. Other funds achieved profitability ratios of 99.91% and 99.9% respectively, according to the report.

According to HTX trading data, BNB broke through $700, now trading at $704.72, down 0.5% over the past 24 hours.

According to the University of Michigan, the final reading of the August Consumer Sentiment survey came in at 51.7 on Friday, beating economist expectations of 51 but declining sharply from July's 55.2. The decline reflected persistent concerns about elevated inflation and economic uncertainty. Spot gold fell to a session low of $4,549.15 following the 10 am ET data release, last trading at $4,556.41 per ounce, down 0.99% on the day. Year-ahead inflation expectations ticked down to 4.0% from 4.2

According to Seoul Economics, SpaceX completed the acquisition of Cursor (parent company Anysphere), an AI coding startup, for $60 billion in early August. Founded in 2022 by four MIT dropouts, Cursor is now a wholly-owned subsidiary of SpaceX and provides agentic AI technology that independently executes complex coding tasks. By early 2026, Cursor had reached $3 billion in annual recurring revenue. The acquisition integrated Cursor into SpaceX's software development operations across its core b

According to the Korean Exchange, Hanwha (000880) closed at 134,900 Korean won on August 28, up 3.61%, continuing its upward momentum since returning to trading on August 25. The stock has gained for four consecutive trading days following its relistng after a spin-off. Analysts noted that the holding company's previously undervalued shares are undergoing a formal re-rating as its complex business structure becomes clearer.

According to Grayscale on Aug. 27, Bitcoin's 90-day correlation with gold has climbed above 50%, while its correlation with the Nasdaq 100 has fallen from over 60% to roughly 33%, based on Bloomberg data through Aug. 24. The shift reflects growing investor perception of Bitcoin as a scarce monetary asset rather than a high-beta technology investment. The move coincides with U.S. public debt surpassing $40 trillion in August, reinforcing the debasement narrative as investors reassess exposure to

According to BlockBeats, on August 29, crypto KOL Unipcs (@theunipcs) announced on X that their portfolio on the fomo platform reached an all-time high exceeding $6 million, with $3 million in unrealized gains generated over the past 30 days from trading tokens including PONS, MARSCOIN, and MICRODUCK.

According to Interfax, Russia extended its diesel export ban through September on August 29.

On Thursday, Copper Giant Resources Corp. reported that directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent at its Mocoa project in southern Colombia. The interval began 211 meters downhole and contained 0.33% copper and 0.039% molybdenum, with sub-intervals reaching 0.87% copper equivalent. The results tracked the company's geological model over nearly the entire assayed length, confirming the grade and continuity of the 1.12 billion-tonne inferred resource, which con

According to Niger's Defense Ministry statement broadcast on state television today (August 29) at 11:20 a.m. local time, the situation has been brought under control. The ministry called on citizens to resume normal activities.

Bybit recently launched 24/7 options trading on SpaceX and Nvidia shares, allowing traders to buy and sell options contracts outside traditional market hours. The move is notable for SpaceX particularly, as the private company's shares are notoriously difficult to access through conventional channels. For Nvidia, which has become one of the most actively traded equities globally due to the AI boom, the offering enables traders to react to after-hours news without waiting for Nasdaq's opening bel

In a May 1 note, Evercore ISI analyst Mark Mahaney raised his price target for Amazon to $335 from $315, citing strong potential from Rufus, the company's AI shopping assistant. More than 250 million customers used Rufus in 2025, and those users were 60% more likely to purchase compared to non-users. Mahaney estimates that Rufus contributed approximately $10 billion in incremental gross merchandise value in 2025. By 2028, Evercore projects that Rufus and related AI features could add up to $56 b

According to blockchain analytics platform Lookonchain, Real Trump Coins' GOLD token on Solana collapsed on Saturday hours after its launch, with the developer controlling 82.45% of total supply. Lookonchain reported that 15 newly created wallets linked to the team sold 224.5 million GOLD tokens for 3,178 Solana (SOL), worth approximately $330,000, generating an estimated $312,000 profit. GOLD's market capitalization fell from about $50 million to $500,000 at the time of reporting, according to

According to Arkham Intelligence and Bitcoin.com News, Ireland's Criminal Assets Bureau (CAB) moved 500 BTC worth $38 million on Aug. 28, 2026, from a wallet created on Jan. 23, 2016. The transfer to a newer address marked the first movement of these funds in over a decade, when the 500 BTC was worth only around $191,217 as Bitcoin traded near $382 per coin. The recovered funds are associated with Clifton Collins, a cannabis dealer, and have been transferred to Coinbase Prime. To date, CAB has r

According to Nepal's police on August 29, the death toll from floods in the country's northern region has risen to 669, according to official data released by local authorities.

According to GoPlus security alert, a fraud ring controlling realtrumpcoins[.]com and @realtrumpcoins1 account issued the GOLD token, inflated its market cap to $60 million, then executed a rug pull, netting over $8.2 million. Investigation revealed the developer received initial funding from KuCoin, while 15 operator addresses sourced funds from Binance. The same group deployed a second malicious token, PLATINUM, embedded with code enabling arbitrary fund transfers from any token holder. Users