Gate Crypto Flash News and Market Updates

According to UBS Chief Investment Office, gold prices could reach $5,400 per ounce over the next 12 months, driven by accelerating de-dollarization and dollar weakness. The Swiss bank noted that gold has risen approximately 15% this month, with the dollar index declining 2.4% over the past month. UBS cited robust central bank demand—including the People's Bank of China's 20-tonne gold purchase in July, its largest monthly increase since October 2023—as a key support factor. The bank believes gol

Anthropic announced on August 27 that it is offering 10,000 Claude subscription seats specifically for scientists, with free standard access or premium seats at $15 per month for one year. Eligible applicants must be principal investigators at accredited institutions working in natural sciences, mathematics, computer science, or engineering. The company is also expanding its AI for Science grant program to provide up to $50,000 in compute credits for qualifying research projects across compute-i

According to Foresight News, Federal Reserve Chair Kevin Warsh spoke at the Jackson Hole Economic Symposium on August 28, addressing AI development, forward guidance, and current economic conditions. Following his remarks, cryptocurrency markets declined: Bitcoin fell 0.89% to $78,620 and Ethereum dropped 1.3% to $2,477 within 15 minutes, according to Bitget market data.

According to Farside Investors data, U.S. spot Ethereum ETFs saw net inflows of $225.8 million on Thursday, their strongest single day in 10 months. The funds have now logged nine consecutive sessions of net inflows since August 17, worth $1.42 billion in total. BlackRock's ETHA accounted for $1.02 billion of that run, buying on all nine days. Meanwhile, U.S. spot Bitcoin ETFs took $242.3 million on Thursday, just $16.5 million more than their Ethereum counterparts, narrowing a gap that stood at

According to Arkham, an address linked to Irish drug trafficker Clifton Collins recently transferred 500 BTC. Collins, who purchased approximately 6,000 BTC prior to 2012, was imprisoned in 2017 on drug trafficking charges. Law enforcement had been unable to locate the Bitcoin holdings for years.

According to Foresight News, Avalon Labs announced that its Super Earn market-neutral yield pool accumulated $35.08 million in total deposits within five days of launch. The pool generates returns by capturing funding rates and pricing arbitrage opportunities across major exchanges including Hyperliquid, Binance, and Bybit, with a target annualized yield of approximately 15%. Inflows have remained stable since the product launch.

According to the U.S. Bureau of Labor Statistics, preliminary benchmark revisions for nonfarm payrolls through March 2026 showed a downward adjustment of 79,000 jobs. The final benchmark revision will be released in February 2027 alongside the January employment report.

According to Jin10, citing Turkish media reports, foreign ministers from the UK, Germany, France, Egypt, Saudi Arabia, Pakistan, and Turkey will hold a meeting in Istanbul on Sunday. The meeting, initiated by Germany and Turkey, will address freedom of navigation in the Strait of Hormuz and regional security. Participating countries aim to signal to the United States the necessity of continuing negotiations with Iran.

According to Jin10 data, multiple explosions were reported in Kyiv, Ukraine on August 28 today, following activation of air alert sirens.

According to The Information, on August 28, the U.S. Commerce Department is drafting a new policy to prevent Chinese artificial intelligence laboratories from remotely accessing computing resources at overseas data centers, including facilities in Thailand and Singapore.

According to Jin10, USD/JPY rose 0.3% to 159.86 on August 28, reaching its highest level since July 31.

According to MoneyDJ, on Aug 28, the Shanghai Composite Index closed at 3,952.18 points, down 0.11%, with four consecutive daily gains; the Shenzhen Component Index fell 0.68%, and the ChiNext Index dropped 1.41%. Growth and technology stocks faced selling pressure as market sentiment turned cautious. On a weekly basis, the Shanghai Composite rose 1.20% with a green weekly candle, while the Shenzhen Component fell 1.00% with a second consecutive red weekly candle. The Hang Seng Index closed at 2

According to Morgan Stanley strategists Laura Wang, Chloe Liu, and Vicky Wu, the firm is shifting its investment focus to Chinese A-shares after taking profits on Hong Kong stocks. The strategists cited three key drivers: stabilizing global markets, renewed momentum in the AI supercycle, and digestion of liquidity pressures from major IPOs including chip maker Changxin Memory and humanoid roboticist manufacturer Unitree. While Morgan Stanley remains bullish on Hong Kong stocks, the analysts note

According to MoneyDj Financial, the U.S. rare earth sector received significant government support in late August. On August 24, USA Rare Earth (USAR) completed a $1.55 billion capitalization for a special purpose vehicle acquiring Serra Verde's Phase 1 production capacity, with the U.S. government providing $750 million and including rare earth price floor protections. Similarly, MP Materials (MP) secured $400 million in convertible preferred stock from the U.S. Department of Defense with a 10-

According to a BusinessWire announcement Thursday, BitGo completed its acquisition of NYDIG's institutional trading business, including the company's derivatives, financing, and structured products capabilities along with approximately 30 employees. The transaction adds institutional client relationships and expands BitGo's services to asset managers, hedge funds, and corporate clients. Financial terms were not disclosed. The sale enables NYDIG to focus on power generation, Bitcoin mining, and h

Marvell Technology's shares fell 8.2% in early premarket trading on August 28 after the chipmaker failed to provide a meaningful increase to its long-term revenue outlook in its second-quarter earnings report, despite signing a major AI chip deal with Google. The decline marks the stock's worst single-day drop in over a month. Despite the sell-off, analysts remain optimistic on the company's long-term prospects. Morningstar raised its price target to $300 from $270, citing Marvell's expanding cu

Coinbase announced that it has postponed the planned listing of Dolphin (POD) spot trading pairs originally scheduled for this week. The exchange stated that POD remains on its listing roadmap and will share updates regarding the new trading date at a later time. No specific launch date has been disclosed.

According to Fed Chair Kevin Walsh's prepared remarks for the Kansas City Federal Reserve's economic symposium on Friday, the central bank reaffirmed its 2% inflation target measured by the Personal Consumption Expenditures (PCE) price index as a firm and immovable goal. "There should be no misunderstanding: the Federal Reserve's 2% price stability target, as measured by the PCE price index, is a firm and immovable objective," Walsh said. Walsh confirmed that short-term interest rates remain the

The U.S. two-year Treasury yield rose to 4.286%, marking its highest level since July 31.

SC crude oil futures main contract rose more than 2% intraday on August 28, trading at 604.30 yuan per barrel.