Gate Crypto Flash News and Market Updates

According to Daily Telegraph, on August 30, UK Chancellor Jeremy Hunt is considering imposing windfall taxes on banks and oil companies in his first budget, as treasury officials explore ways to close a £4.7 billion gap in public finances while avoiding direct increases to personal taxes. Hunt aims for a low-profile budget announcement next month.

According to Guru Club on August 30, U.S. Democratic Senator Elizabeth Warren accused President Trump of benefiting from oil industry profits tied to the Iran conflict. Warren alleged that oil companies that had donated $1 million to Trump's campaign were "raking in massive profits." Exxon Mobil posted second-quarter profits exceeding $14 billion, double year-over-year, while Chevron's Q2 profits hit $12.1 billion, a fourfold increase from 2025. Trump's financial disclosures show his oil and gas

According to Guru Club, Bitcoin broke through $78,000 on August 29, gaining 0.22% in intraday trading.

According to Derrick Choi, OpenAI Codex product lead, the developer community in Thailand is growing rapidly. Codex weekly active usage in Thailand surged over 350 times in 2026 as of today. OpenAI is partnering with Thailand's Ministry of Higher Education, Science, Research and Innovation to gather 10 Thai startups for an eight-week accelerator program.

According to Korea Exchange and Korea Securities Computer, in the month following July 31 regulation implementation, retail investors net sold 1.77 trillion won of single-stock leveraged and inverse products across 16 Samsung Electronics and SK Hynix instruments. Average daily trading volume plummeted to 1.01 trillion won from 11.68 trillion won prior to the regulation, a roughly 19-fold decline. SK Hynix-related products accounted for 1.24 trillion won of the net sales, while Samsung Electronic

The Independent Community Bankers of America (ICBA) has demanded a total ban on stablecoin rewards, swaying at least two Republican senators, Josh Hawley and Jerry Moran, to oppose the Digital Asset Market Clarity Act (CLARITY) in its current form, according to Banking Dive. ICBA warned that stablecoins could trigger a $1.3 trillion deposit flight from the banking system, reducing local lending by $850 billion. The Senate is scheduled to vote on the bill on September 15, but the legislation appe

According to CNBC, Meta agreed to pay up to $17 billion in a landmark settlement this week following a lawsuit by a bipartisan coalition of state attorneys generals. The company was accused of endangering children and teens through addictive social media features on Facebook and Instagram. As part of the settlement, Meta will impose a default two-hour daily time limit for teens, mute notifications during school hours, and enhance parental controls. The settlement reflects escalating public backl

According to Iran's official statement released on Friday (Aug. 28), Supreme Leader Mojtaba urged the government to expand domestic production and progressively reduce the U.S. dollar's role in the economy as part of a "resistance economy" policy to address inflation, unemployment, and price management challenges. The statement was released as the Iranian rial reached a historic low of 2 million per U.S. dollar on the free market this week, pressured by recent U.S. sanctions escalation. Mojtaba

According to its latest earnings reported Wednesday, Salesforce delivered blowout results that defied market skepticism about software companies in the AI era. The company's combined AI and Data annual recurring revenue reached $3.9 billion, more than tripling year over year. Salesforce Data 360 ingested 104 trillion customer records this quarter, up 355% year over year, while Agentforce ARR grew to over $1.5 billion, up 240% year over year. The stock surged 20% following the announcement. CEO M

According to Sosovalue data, U.S. spot bitcoin ETFs recorded $202 million in net outflows on August 28, ending a nine-day inflow streak that accumulated $3.04 billion. The outflow came as Bitcoin's price slipped to around $77,500 from its opening level of $80,261.86 that day. In contrast, spot ether ETFs bucked the trend by adding $102 million, extending their own buying run to ten consecutive days. This marks a divergence from Bitcoin's momentum, as ETF inflows have fueled rapid asset growth, w

According to Odaily, Neutrl suspended related smart contracts after discovering a strategy position issue affecting the protocol's reserve liquidity. The protocol currently has approximately $27 million in available liquid assets, while holding unrealized strategy positions with corresponding gains or losses; the timeline for recovery remains uncertain. In response to user liquidity needs, Neutrl plans to open early redemption for NUSD and sNUSD holders starting in early September, treating all

According to Bitcoin.com News, Bitcoin fell 2.5% to $77,588 today, August 29, following Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole keynote on Friday. Warsh stressed the Fed has "work to do" and that forward guidance had "overstayed its welcome," sending rate hike odds from 35% to the mid-50s and pressuring crypto markets. U.S. spot bitcoin ETFs snapped a nine-day inflow streak with $202 million in outflows on Friday, though August inflows remain strong at approximately $3.1-$3.3 bi

According to recent surveys and filings, the US government has executed approximately 30 equity and quasi-equity transactions totaling nearly $27 billion since early 2025, converting federal grants into direct ownership stakes in private companies. The Trump administration now holds a 10% stake in Intel and 15% in MP Materials, both tied to CHIPS Act funding. A July 2026 CNBC poll found that 49% of voters view government ownership in US companies as inappropriate, while only 19% expressed suppor

According to Yonhap Infomax, on August 26, Hyundai Motor raised its 2030 operating profit margin target to above 9%, up from the previous 8-9% guidance, while maintaining its mid-to-long-term sales target of 5.55 million vehicles. The announcement emphasized cost reduction and portfolio diversification to drive profitability. The stock declined 3.09% immediately after the event to 408,000 won on August 28. Securities analysts praised Hyundai's electrification strategy and cost innovation efforts

According to Yonhapinfomax, U.S. equity markets this week (ending September 4) will be driven primarily by the August employment report, due September 4, and chip maker earnings. The unemployment rate is expected to rise 0.1 percentage points to 4.2%, while non-farm payrolls are forecast to increase by 45,000 jobs, reversing July's decline of 23,000. However, economists differ sharply on outlook, citing challenges from baby boomer retirements, immigration policy, and soft hiring-firing dynamics.

According to Yonhap News, South Korea's KOSPI volatility index (VKOSPI) fell to 50.08 on August 28, down sharply from 97.99 in late June, following regulatory restrictions on single-stock leveraged exchange-traded products (ETPs) implemented in late July. The circuit breaker triggers, known as "sidecars," fired only 5 times in August versus 15 times in July, indicating significantly reduced market turbulence. However, the volatility reduction came with a cost to market activity. Daily trading vo

According to Finnish President Alexander Stubb in an interview with German newspaper Bild on Saturday (Aug 30), Russia will not attack NATO, describing it as "the world's strongest military alliance." However, Stubb emphasized that NATO should "prepare for the worst case to prevent it from happening." He noted that Russian soldier losses exceed recruitment numbers and predicted Russia may mobilize additional troops in autumn, which would carry "domestic political consequences." Stubb stated that

Marvell (MRVL) plummeted 10.28% on Friday, Aug. 28, closing at $216.62 and wiping out approximately $21.78 billion in market capitalization, according to its earnings report. Despite robust financial results and guidance, the chipmaker failed to meet market expectations for AI-driven growth. Investors focused on the company's newly announced custom chip partnership with Google (GOOGL), which could generate up to $120 billion in revenue through fiscal 2033. However, Chief Executive Matt Murphy no

According to NH Investment & Securities, South Korea's KOSPI index is expected to rally this week in the 6400-7500 range if U.S. interest rates and oil prices stabilize. The U.S. 30-year Treasury yield has stabilized above 5.3% as debt concerns ease, while oil price movements following U.S.-Iran negotiations remain a key variable. Analysts highlight that continued earnings growth driven by AI infrastructure investment, combined with easing rate-hike concerns, could support additional rallies. Ke

According to TASS, Sberbank, Russia's largest bank, plans to offer crypto-backed loans accepting Bitcoin, Ethereum, and Tether as collateral once Russian regulators authorize their public circulation. The bank is preparing to expand the model following successful testing with mining firm AO Intelion Data last year. Anatoly Popov, deputy chairman of Sberbank's management board, said Bitcoin will be part of the collateral offering, while Ethereum and Tether could be added after the Bank of Russia