Gate Crypto Flash News and Market Updates

According to sources, Russia's Perm oil refinery ceased operations following a drone attack on August 21. The facility, a key component of Russia's petroleum production infrastructure, has halted processing activities in the wake of the strike.

According to CCTV, on August 24, Vietnam's National Assembly approved the establishment of Quang Ninh and Bac Ninh as two new municipalities. The government will guide both regions to leverage technology and innovation as primary growth drivers, developing modern industries, high-tech sectors, and artificial intelligence while integrating into global supply chains.

According to the Pakistan Virtual Assets Regulatory Authority (PVARA), existing virtual asset service providers have until September 5, 2026, to file for a no-objection certificate (NOC) or stop operations. Firms that file complete applications on time can continue existing services while under regulatory review; those missing the deadline must cease operations, and continued operation without applying constitutes an offense under Section 70 of the Virtual Assets Act, 2026. Pakistan's crypto mar

According to Wentai Technology's official account, Wingtech (Anshi China) held a new product global launch event on August 23 in Shanghai, unveiling its full series of 12-inch wafer process products. The company shipped 17,919,236 units globally within 24 hours.

According to ChainCatcher citing chain sleuth ZachXBT, BitcoinIRA and iTrustCapital allegedly suffered data breaches this year that have not been publicly disclosed. Leaked information reportedly includes personal data, investment portfolios, banking and custodial account details, and verification status. ZachXBT contacted both companies on August 21 for comment but had not received responses as of the report. In one documented case, an attacker using the handle "Tiffany" exploited the compromis

According to CNBC on August 24, the U.S. 10-year Treasury yield fell 2.6 basis points to 4.712%, while the 30-year yield declined 3.6 basis points to 5.240%, as market expectations grew that the Treasury Department would use approximately $1 trillion from its general account (TGA) to buyback longer-dated debt. On August 19, the Treasury announced plans to expand its long-term debt buyback program from a maximum of $2 billion to at least $4 billion. Using TGA reserves instead of issuing additiona

According to Bitcoin Magazine, publicly-traded company Iconic Digital purchased 21 Bitcoin, bringing its total holdings to 2,882 BTC valued at approximately $168 million.

Gate News message, DEX activity experienced sharp acceleration last week. Daily trading volume climbed from $3.3B to a peak of $12.9B, marking nearly a 4x increase. Memecoin activity during this period was fragmented across multiple ecosystems including Base, Solana, and Hyperliquid.

According to Jin10, the Trump administration unveiled on August 24 a proposal to charge foreign workers $103,265 for H-1B visas. The proposed rule was published in the Federal Register on Monday with a 30-day public comment period starting Tuesday. A federal judge ruled the fee illegal in June and blocked its enforcement; the original proclamation expires in September, one year after issuance. The Department of Homeland Security's proposal aims to make the fee permanent, with finalization expect

UK Prime Minister Burnham announced plans this week to lead exercises ensuring multinational forces are prepared for deployment, with operations to commence this autumn once Britain assumes the role of operational headquarters.

According to Onchain Lens, Wintermute's short position on Hyperliquid increased to $211.53 million today (August 24), up from $190.77 million, while its HYPE short position was halved to $5.6 million from $11.43 million. Major short holdings include BTC approximately $70.8 million, ETH $53.83 million, SOL $17.63 million, XRP $7.41 million, and DOGE $6.79 million.

According to Kinetiq, the company announced the launch of Elysium, a Layer 2 network for the Hyperliquid ecosystem. The network is designed to enhance performance and throughput while improving composability with HyperCore. HYPE will serve as the network's gas token.

According to Morgan Asset Management portfolio manager Kelsey Berro, the investment-grade bond market is set for heavy issuance in September, with expected volumes ranging between $175 billion and $250 billion. Despite concerns about the surge in supply, credit portfolio managers view the market as capable of absorbing volumes even at the higher end of the range. "It's not really a problem," Berro said, though she noted uncertainty around final issuance levels could make it harder for market par

According to the U.S. Department of Defense, the U.S. will invest $750 million in US SIIE to advance rare earth initiatives on August 24, announced via PANews.

According to ChainCatcher, an attacker exploited a vulnerability in Cosmos EVM precompile layer on the TAC network today (August 24), transferring approximately 2.99 billion TAC tokens from a single account. The TAC team subsequently halted the network at block height 24,671,475 to prevent further attacks.

According to Jin10, Iran blacklisted 45 oil tankers on August 24 for violating its Strait of Hormuz transit regulations, announcing threats against any vessels conducting cargo transfers with these ships. The Persian Gulf Strait Authority, Iran's newly established agency managing the strategic waterway, stated the flagged tankers face potential fines, seizure, and cargo confiscation.

According to Polish outlet Onet, Przemysław Kral, head of collapsed cryptocurrency exchange Zondacrypto, has been charged with participating in large-scale fraud and is cooperating with prosecutors. Kral is seeking a reduced sentence in exchange for testimony on Zondacrypto's funding of right-wing politicians. Prosecutors estimate customers lost at least 2.4 billion Polish zlotys ($650 million), with investigators alleging the exchange transferred most customer funds to private accounts controll

According to CoinDesk, Goldman Sachs disclosed in its second-quarter 13F filing that it holds positions in five XRP ETFs with a combined value of approximately $86.5 million. The holding represents a restoration of exposure after the firm liquidated its XRP ETF positions in the first quarter, signaling a renewed allocation to spot XRP ETF products.

According to Prime Minister Burnham, the UK government is calling on British industry to support the FREYJA project, which aims to provide a lower-cost alternative for intercepting ballistic missiles compared to the U.S. Patriot system.

According to BlockBeats, monitoring data from TradingBeats showed that crypto trader "Machi" (Huang Lixing) increased his Bitcoin long position 40-fold four minutes before press time on August 24, bringing total holdings to $39.45 million. The average entry price was $78,890.20 per bitcoin, with a liquidation price of $62,268.27.