Gate Crypto Flash News and Market Updates

According to data from the Digital Asset Exchange Association (DAXA), South Korea's major cryptocurrency exchanges adopted divergent listing strategies as of end of July. Upbit increased its supported assets from 301 to 340 (adding 39 tokens), while Bithumb expanded from 451 to 474 (adding 23 tokens). In contrast, mid-sized exchanges reduced listings: Coinone decreased from 394 to 375 (minus 19 tokens), Cobit fell from 203 to 199 (minus 8 tokens), and Gopax contracted from 124 to 116 (minus 8 to

According to SK Securities, on August 24, LS Electric received a top-pick rating in the power equipment sector with a target price of 310,000 won, implying 65.8% upside from August 21's close of 187,000 won. The brokerage maintained a buy recommendation, citing the company's three-pronged strategy: expanding from low-voltage distribution into transmission and power transformers, entering the U.S. AI data center market, and pioneering DC conversion technology including semiconductor transformers

According to overseas brokers, the dollar-won 1-month NDF in New York fell to 1,385.80 KRW (mid-price) on August 21 (UTC), down 0.55 KRW from Seoul's spot market close of 1,386.50 KRW after adjusting for swap points. Bid-ask spreads were 1,385.60-1,386.00 KRW. The decline reflected ongoing tensions over Hormuz Strait negotiations, with Iran's President Masoud Pezeshkian stating "the world recognizes our victory" and calling to end the war, while U.S. President Donald Trump countered that Iran la

According to Barron's, DZ Bank analyst Markus Leistner initiated coverage of SpaceX on Friday, August 21, with a sell rating and target price of $100 per share. The target implies approximately 25% downside from SpaceX's closing price of $136.97 on that day. Leistner's price target is 126% lower than Wall Street's consensus estimate of $226, highlighting significant divergence between the sell-side view and broader analyst sentiment. Approximately 75% of analysts covering SpaceX currently hold b

According to Treasury data, the US national debt crossed $40.047 trillion on August 18, 2026, marking the first time in history. The milestone came faster than analysts anticipated, with the debt rising $1 trillion in just five months since March 2026. Of the total, approximately $32.26 trillion is held by the public through bond markets and foreign governments, while $7.78 trillion remains in intragovernmental holdings. According to the Committee for a Responsible Federal Budget, annual net int

According to WSJ, on August 23, Nvidia signed a $6 billion contract with AI startup Fullside to advance open-source AI model development. Nvidia will acquire a license to Fullside's technology and hire most of its engineering team. Approximately 100 employees, including engineers, will join Nvidia to contribute to the Nemotron project, an open-source AI model initiative Nvidia launched in 2023.

According to Federal Reserve officials, Fed Chair Kevin Warsh is scheduled to deliver his inaugural Jackson Hole Economic Policy Symposium keynote on August 28 at 10 a.m. ET. The speech is drawing heightened market attention amid elevated Treasury yields and policy uncertainty. Thirty-year Treasury yields have climbed to approximately 5.2%, and July FOMC meeting minutes revealed a 9-3 vote split—the widest policy division among policymakers in roughly two decades. Inflation has remained above th

According to Bitwise Asset Management, the firm reported $1.8 billion in net inflows across crypto investment products during H1 2026, despite a 36% decline in crypto asset prices over the period. The standout performer was BSOL, Bitwise's Solana staking ETF, which attracted $267.1 million in net subscriptions and ended H1 with $592.3 million in net assets. In contrast, BITB, the firm's spot Bitcoin ETF, saw $755 million in creations offset by $900 million in redemptions, resulting in a net outf

According to Ukrainian President Zelenskiy, Russia could boost annual ballistic missile production to 1,300 units and mobilize an additional 300,000 troops following September elections. Zelenskiy also stated that by 2026, he expects the territories occupied by Russia and those liberated by Ukraine to be equal.

The cryptocurrency market surged to $2.74 trillion in mid-August, adding $500 billion driven by U.S. Treasury bond buyback announcements and White House support for the sector, according to Bitcoin.com News. Bitcoin led the rally, gaining 22% to trade above $77,000, while its market capitalization reached $1.55 trillion. Zcash posted the strongest performance with a 70% weekly surge to peak above $873, while XRP gained 51% to trade near $1.70, making it the second top-performing major altcoin be

According to Jin10, Alibaba announced plans yesterday to allocate 800 billion Hong Kong dollars (approximately 102 billion USD) through a new share offering, with all proceeds directed toward artificial intelligence development and expansion.

According to Guru Club, on August 24, Michael Burry revealed he has sold all his Alibaba (BABA.N) holdings and shifted his position to JD.com (JD.O), citing overvaluation concerns. Burry previously planned to repurchase most Alibaba shares within one to two months but has now changed course, stating he will not be interested in the stock unless its price falls 50%. He also expressed opposition to Alibaba's recent equity offering to raise approximately 800 billion Hong Kong dollars for artificial

According to E Daily, BitMax (stock code 377030), a KOSDAQ-listed software company, reported a debt-to-equity ratio of 9,435% at the end of Q2 2026, the highest level among all KOSDAQ peers, jumping 8,475.6 percentage points from 959.68% at year-end 2025. Shareholders' equity collapsed to 7.7 billion won against total debt of 72.67 billion won. The company's capital erosion stemmed from unrealized losses on approximately 551 Bitcoin units held as treasury assets, as BTC prices fell from 170 mill

According to Hana Securities, on August 24, the South Korean brokerage downgraded its target price for Kakao to 50,000 won while maintaining a buy rating. The adjustment followed Kakao's announcement on August 21 to split its business into two entities via separation: Kakao AI (platform and AI operations) and Kakao X (investment, content, and tech finance), with the split effective January 1, 2027 and trading resumption scheduled for January 27. Hana Securities valued Kakao AI at 12.5 trillion w

According to U.S. Treasury Secretary Steven Mnuchin, the United States will formally announce unprecedented economic isolation measures targeting Iran on August 24. The sanctions will employ secondary measures against countries and companies conducting business with Iran, focusing on three categories of economic activity: purchasing Iranian oil, transferring funds to Iran, and maritime ship-to-ship transfers of Iranian crude. Mnuchin warned that any country providing financial support to Iran sh

According to MarketWatch, Evercore ISI analyst Amit Daryanani recently recommended six technology stocks for further gains in the second half of 2026, citing strong AI hardware spending. The list includes storage device makers Seagate (STX) and Western Digital (WDC), which have surged 207% and 170% respectively this year, alongside datacenter networking suppliers Amphenol (APH), Arista Networks (ANET), Cisco Systems (CSCO), and Apple (AAPL). Daryanani noted that continued demand for AI hardware

According to Onchain Lens, Wintermute expanded its short position on Hyperliquid from $146 million to $191 million on August 24, adding approximately $44.58 million in new short exposure. The top five short positions consist of ETH ($53.02 million), BTC ($30.66 million), SOL ($22.62 million), HYPE ($11.43 million), and XRP ($10.19 million). The address currently carries approximately $5.85 million in unrealized losses.

According to Jin10, Iran threatened on August 23 to cut oil exports from the Strait of Hormuz and Persian Gulf region if the U.S. implements economic sanctions. U.S. Treasury Secretary Bessent confirmed the specific measures will be announced on August 24.

According to U.S. Central Command, a U.S. Navy MH-60S helicopter conducted a vertical replenishment mission to the USS Boxer amphibious assault ship in Middle East waters on August 23. Supplies were provided by the USS Arctic fast combat support ship.

According to HTX, SOL breaks the $95 level, now trading at $95.11, up 2.57% over the past 24 hours.