Gate Crypto Flash News and Market Updates

According to Kitco News, Federal Reserve Chair Kevin Warsh said Friday at the Jackson Hole Economic Symposium that inflation is a bigger concern than the labor market, sending spot gold prices down 1% to $4,552 an ounce. Warsh noted the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7%, while the six-month change is 4.1%, underscoring the central bank's commitment to achieving its 2% price-stability target.

According to ChainCatcher, citing Lookonchain monitoring data, the GOLD token development team currently holds 600 million tokens and controls 82.45% of total supply. The token was launched by the realtrumpcoins account. Fifteen newly created wallets purchased 224.5 million GOLD tokens for $18,700.

According to Scott Bessent, US Treasury Secretary, Japan holds between $1.1 and $1.2 trillion in US Treasuries and owes no debt to the US Treasury. Japan remains the largest foreign holder of American government bonds, making it one of Washington's most important creditors. Around late July-early August 2026, the US and Japan conducted their first coordinated currency intervention in over a decade, with the Treasury committing $5 to $10 billion to support the yen. Tokyo undertook additional larg

According to Evercore ISI analyst Mark Mahaney on May 1, the firm raised its price target for Amazon (AMZN) to $335, citing strong momentum from Rufus, the company's AI shopping assistant. Mahaney maintained an Outperform rating and projects that Rufus and related AI features could collectively add up to $56 billion to Amazon's retail gross merchandise value by 2028, representing a 4.4% increase. In 2025 alone, Rufus contributed roughly $10 billion in incremental GMV. More than 250 million custo

According to U.S. Treasury Secretary Scott Bessent on August 28, the U.S. and Japan acknowledged that their joint intervention in July-August was intended to prevent extreme yen volatility from driving up U.S. Treasury yields. Bessent stated that as a major holder of U.S. Treasury bonds, Japan's currency instability could trigger forced liquidations and ultimately increase borrowing costs for American households and businesses. Japan's Finance Ministry conducted a record 15.3 trillion yen in yen

On August 28, Solana validators approved proposal SGP 0002 to double the network's annual disinflation rate from 15% to 30%, with 67% of participating stake voting in favor. The measure, which implements SIMD 550 developed by Helius engineers, received support representing 176.29 million SOL against 66.19 million opposed. Under the accelerated schedule, Solana is expected to reach its long-term 1.5% inflation floor in 2029 instead of 2032, resulting in approximately 18.9 million fewer SOL issued

According to South Korea's Ministry of Science and ICT, on August 28, the ministry selected SK Telecom, KT, and Kakao to operate a nationwide free AI service for 52 million citizens. The service will be powered by 512 Nvidia B200 GPUs supplied by the government, with the selected operators contributing additional computing resources. At least 50% of the underlying AI models must be domestic Korean models. A public beta is scheduled for late September 2026, with full nationwide rollout expected b

According to Moneydj, on August 24, USA Rare Earth announced completion of a $1.55 billion capital raise for its Serra Verde Phase 1 special purpose vehicle, with the U.S. government contributing $750 million. The arrangement includes price floor protections for rare earth elements, with terms covering heavy rare earths dysprosium and terbium. MP Materials separately secured $400 million in convertible preferred stock investment from the U.S. Department of Defense in late August, backed by a 10-

Bank of England Governor Andrew Bailey praised Federal Reserve Chair Kevin Warsh's latest speech as carrying "real substance," according to remarks made at the Jackson Hole symposium. Warsh has been signaling a shift in Fed communication strategy, moving away from extensive forward guidance toward a framework centered on "price stability" as a broader concept rather than rigid numerical targets.

Ethena Foundation unveiled a conditional ENA buyback proposal on August 27, requiring USDe's circulating supply to reach $7.5 billion before activation. The proposal, put to a governance vote closing September 2, would direct 95% of the protocol's net revenue toward automated ENA purchases on the open market once the threshold is met. Current USDe supply stands around $4 billion to $4.6 billion, requiring approximately 85% growth. ENA surged 16-23% intraday to around $0.17 following the announce

According to Binance futures data, altcoin trading activity on the exchange experienced a sharp two-month swing in 2026. In late June, altcoin volume share collapsed from 63% to 47% within a single week, with capital rotating heavily into Bitcoin and Ethereum. BTC and ETH combined captured 77% of Binance futures volume on June 29, reflecting defensive market positioning. By August, the trend reversed sharply—altcoin volume share rebounded to 65%, the highest level in two years, while BTC and ETH

According to CoinDesk, BitGo acquired NYDIG IF Holdings, the institutional trading unit of NYDIG, on August 28 for $42.5 million in cash and stock, plus up to $15 million tied to revenue milestones. The consideration comprises $7 million in cash and approximately $35.5 million in BitGo stock. The acquisition adds derivatives, structured products, financing, and capital markets services to BitGo's existing custody, settlement, and wallet business.

According to Reuters, Taiwan strengthened defenses on the Penghu archipelago during August's Han Kuang exercises, with troops deploying tanks, artillery, mortars and armored vehicles. The cluster of 90 islands lies about 50 kilometers off Taiwan's southwest coast and is home to thousands of troops and approximately 110,000 civilians. Taiwan's Coastal Operations Command deployed Hsiung Feng missile launch vehicles to Penghu for the first time during the drills, while the military also used drones

According to an announcement on Aug. 27, the U.S. Securities and Exchange Commission declared Evernorth Holdings Inc.'s Form S-4 effective, clearing the way for Armada Acquisition Corp. II (Nasdaq: XRPN) shareholders to vote on the planned merger. The registration statement becoming effective permits the companies to proceed with the shareholder vote but does not constitute SEC approval of the merger's merits. Shareholders of record as of Aug. 20 are eligible to vote on Sept. 30. If the combinat

According to Reuters, the U.S. 9th Circuit Court of Appeals ruled that Kalshi lacks authority to block Nevada's regulation of its sports event prediction market. Judge Ryan Nelson stated that Kalshi's contracts display the typical characteristics of sports betting, which constitutes a "paradigmatic form of gambling" and falls outside the CFTC's regulatory scope.

According to Foresight News, Coinbase will suspend trading for Badger DAO (BADGER) and Storj (STORJ) on September 28. Order books for both assets have been converted to limit-only mode, allowing users to place and cancel orders with possible executions. Following the trading suspension, BADGER and STORJ assets will remain accessible and support withdrawals.

According to Foresight News, ECB Executive Board member Isabel Schnabel stated at the Jackson Hole Symposium that central banks should natively issue tokenized reserves on distributed ledgers. Schnabel emphasized that stablecoins lack resilient liquidity provision and cannot substitute for central bank reserves as ultimate settlement assets, particularly during stress periods; they should instead be treated as regulated supplementary payment tools. Tokenization could enable atomic settlement and

According to Foresight News, decentralized yield protocol Neutrl suspended smart contracts on August 29 after discovering a strategy position issue affecting reserve liquidity. The protocol has approximately $27 million in usable liquid assets and holds unrealized strategy positions with corresponding gains or losses; recovery timeline and amount remain unconfirmed. Neutrl will open an early redemption mechanism for NUSD and sNUSD holders, targeting early September pending deployment of new rede

According to Kitco News, on Friday (August 29), spot gold fell to $4,543.80 per ounce after the U.S. Bureau of Labor Statistics released employment data showing a downward revision of 79,000 to nonfarm payrolls for the 12 months to March 2026. The revision represented a 0.1 percent decline. Gold last traded at $4,564.05 per ounce, down 0.83 percent on the session.

On Friday, August 28, investor Michael Burry trimmed his position in Veeva Systems (VEEV) after the stock nearly doubled in recent months, reducing his stake to approximately 3% while maintaining the holding. According to his Substack post, Burry remains bullish on Veeva's intrinsic value and competitive position despite the gains. On PayPal Holdings (PYPL), Burry said he reduced his position ahead of Stripe and Advent International abandoning their reported $53 billion-plus takeover bid on Frid