Gate Crypto Flash News and Market Updates

Michael Burry gained 50% to 60% on Nvidia calls within 24 hours after the chipmaker's second-quarter earnings on Wednesday, selling half his position shortly after opening it. His longer-dated Microsoft calls, purchased in June with December 2028 expiration, also appreciated as Microsoft shares surged more than 15% following strong quarterly results and positive capital-spending guidance on July 29. Burry noted the Nvidia calls "did their job" as hedges against his larger bearish positions in th

According to BlockBeats, citing TradingBeats data, on August 28, an unmarked whale address completed 3 trades over the past 7 days with a 100% win rate, netting approximately $3.17 million in weekly profits. The address has maintained a 90% historical win rate, according to the monitoring platform.

IREN Ltd. shares tumbled 8% in overnight trading late Thursday after reporting fourth-quarter revenue of $137.2 million, missing analyst consensus of $157.14 million, while adjusted loss widened to $0.41 per share versus expectations of $0.34. The bitcoin miner and AI infrastructure company's AI Cloud Services revenue surged to $70.5 million from $33.6 million the prior quarter, while bitcoin mining revenue fell to $66.7 million from $111.2 million, reflecting its shift toward AI cloud services.

According to Bloomberg, the Federal Trade Commission has been investigating Alphabet's (GOOGL) YouTube since last year and is in the final stages of preparing a potential lawsuit over the platform's account suspension practices. The probe is examining whether YouTube misled users about what content they could post, only to suspend accounts or remove content later, potentially violating consumer protection laws. An FTC spokesman said the agency would refer information leaks to authorities for inv

According to Arthur Hayes, BitMEX co-founder, Strategy faces three strategic choices this week as Bitcoin trades near $80,000. The digital asset treasury company holds 840,447 BTC and must pay approximately $1.5 billion annually in STRK and STRC dividends. With enterprise value mNAV at 1.01x and diluted mNAV at 0.74x as of August 27, Hayes said Michael Saylor could pursue stock issuance, direct Bitcoin sales, or reduce preferred dividend rates. STRK dividends currently yield 8%, while STRC yield

According to sports business journalist Joe Pompliano, Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion. The deal would transform Kevin Durant's early-stage investment into an estimated $60 million windfall, representing a 240x return. Durant and his business partner Rich Kleiman, through their venture firm Thirty Five Ventures, participated in Hugging Face's seed and Series A rounds, contributing $100,000 and $150,000 respectively since 2018.

According to JPMorgan's report published July 24, global food inflation is projected to reach approximately 5% on an annualized basis in the first half of 2027, nearly doubling from an estimated 2.8% in the first half of 2026. Analyst Nora Szentivanyi attributed the surge to two converging crises: a fractured fertilizer supply chain disrupted by Middle East conflict, and a super El Niño weather pattern expected to persist through 2027. The Middle East accounts for roughly 42% of global urea expo

According to China's Foreign Ministry spokesperson Lin Jian on August 28, Cook Islands PM Mark Brown secured reelection as his party won the majority of parliamentary seats in recent elections. China extended congratulations on Brown's success and expressed commitment to deepening political trust and expanding pragmatic cooperation across sectors with the Cook Islands' new government.

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.