Gate Crypto Flash News and Market Updates

According to Lookonchain, three market-making firms—Abraxas Capital, Fasanara Capital, and Wintermute—currently hold the largest on-chain short positions. Combined, they hold 138,569 ETH short positions valued at $338 million and 3,425 BTC short positions worth $265 million.

According to Goldman Sachs, if liquefied natural gas exports through the Strait of Hormuz fail to increase further, European TTF natural gas prices will need to surge above €100 per megawatt-hour (MWh) for December 2026 delivery to effectively absorb winter inventory. The investment bank estimates that under a scenario where Middle East energy exports gradually normalize only until 2027, the price surge would need to reach above €100/MWh—110% higher than its €50/MWh baseline scenario—to signific

According to BlockBeats, trader xm39 expanded long crude oil and short Nasdaq positions on Hyperliquid on August 24, raising combined exposure from $17.6 million to $48.2 million, a 173.8% increase. WTI long positions grew from $7.3 million to $12.8 million, with an average entry price of $81.80 and current unrealized gains of $5.35 million. Nasdaq short positions surged from $10.3 million to $35.4 million. Total unrealized gains across both positions reached $730,000, with cumulative realized p

According to Yonhap Infomax, Hanmi Pharmaceuticals signed a technology license agreement with Genentech on August 24 for HM17321, an obesity drug candidate targeting muscle gain. The total deal value is $2.305 billion in non-refundable upfront payments plus $21.15 billion in milestone payments tied to clinical development, regulatory approval, and commercialization milestones. Genentech receives exclusive global rights excluding South Korea; Hanmi retains domestic rights. HM17321 selectively act

According to ChainCatcher, Hsin-Ju, former partner and platform lead at Hack VC, plans to publicly disclose evidence from her time at the firm on August 26. She has rejected a settlement agreement that required her to remain silent, choosing to accept zero compensation instead, and has fired her legal representation. Hsin-Ju alleged she faced threats and retaliation while working at Hack VC. She reported requesting to leave multiple times due to serious medical emergencies, including Graves' dis

According to Strategy's official X account, on August 14, MSCI proposed removing non-operating companies from its Global Investable Market Indexes, affecting Bitcoin treasury firms like Strategy and Japanese rival Metaplanet. Strategy fired back, stating on X Friday: "Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own." The company added: "Bitcoin doesn't need MSCI. Neither does Strategy." Strategy holds approximately $63.3 bil

According to the Korea Exchange and financial regulators, the delisting market cap standard was raised to a maximum of 500 billion won (approximately $375 million USD) on August 21, based on 25% of the 2,000 billion won listing entry requirement. However, the specific rationale behind the 2,000 billion won baseline and the 25% calculation was not disclosed in detail, as revealed during a Seoul Southern District Court preliminary injunction hearing on the delisting criteria.

According to Herald Economics reporting, U.S. government and AI hyperscaler companies have sharply increased bond issuance in recent weeks, pushing long-term interest rates to 19-year highs. The U.S. national debt reached $40.047 trillion as of August 18, while hyperscaler corporate bond issuance jumped to $165 billion through August 2026, compared to an average of $28 billion annually from 2020-2024. The surge in bond supply—coupled with weakening demand from traditional buyers including foreig

In July, Leopold Aschenbrener's artificial intelligence hedge fund was forced to liquidate its positions after prime brokers including Goldman Sachs and JP Morgan demanded additional collateral, with assets under management plummeting from $45 billion to approximately $10 billion, according to reports. The fund had employed up to 4x leverage across semiconductor, data center, and power infrastructure stocks, including SK Hynix. The forced selling triggered a cascade of market pressure, contribut

Traders on prediction market platform Kalshi predict Bitcoin will trade around $75,000 by the end of 2026, according to Guru Club, implying a modest decline from current levels.

According to Joseph Carson, former chief economist at AllianceBernstein, U.S. Treasury Secretary Bessent likely has no credible plan to reduce the national debt. Speaking on August 24, Carson questioned why such a plan would remain confidential if it existed, suggesting the Trump administration is promoting a misleading narrative. Carson noted that Bessent lacks direct control over federal spending, which is Congress's authority, and cannot unilaterally change tax policy without congressional ap

According to Ray Dalio, founder of Bridgewater Associates, on August 22, major economies including the U.S., UK, EU, China, and Japan face similar debt and fiscal deficit challenges. In a statement on X, Dalio warned that most economies will experience currency depreciation and debt adjustments. He recommended that investors reduce exposure to debt assets such as bonds and increase allocations to gold and bitcoin, citing their status as non-government-produced assets. Dalio projected a $2 trilli

According to SoSoValue, U.S. Bitcoin spot ETFs recorded net inflows of $1.92 billion in the week ended August 21, marking the largest weekly inflow since October 2025. The surge reversed the prior week's outflow of $389.71 million, while trading volume jumped to $22.15 billion, more than triple the previous week's $6.94 billion.

According to Onchain Lens, on August 23, Wintermute's associated wallet expanded short positions on Hyperliquid DEX to $190.77 million from $146.19 million, adding approximately $44.58 million in shorts. The positions generated unrealized losses of $5.85 million. Top short positions include Ethereum at $53.02 million, Bitcoin at $30.66 million, Solana at $22.62 million, HYPE at $11.43 million, and XRP at $10.19 million.

According to the Ethereum Korea Consortium, DB Securities will serve as title sponsor of the Ethereum Korea One: Genesis conference, scheduled for September 28-29 in Seoul. The event, co-hosted with Korea Economic TV, will feature keynote speakers including Ethereum co-founder Joseph Lubin, BitMain Chair Tom Lee, and DB Securities CEO Kwak Bong-seok. Day 1 will take place at Conrad Seoul for approximately 300 institutional participants; Day 2 opens to public registration at Seoul Forest Informat

According to the Korea Fair Trade Commission, on August 24, it issued revised guidelines requiring credit union and installment payment service providers to refrain from excessive investment of advance payments in high-risk digital assets, including cryptocurrency and leveraged financial products. The guidelines emphasize balancing stability, liquidity, and profitability when managing advance payments. Service providers with advance payments exceeding 100 billion won as of the end of the prior f

According to Re, the decentralized reinsurance protocol stated that it was not affected by Term Finance's governance vulnerability exploit. The markets for reUSD and PT-reUSD on Term Finance also remained unaffected. Users can independently verify reserves and backing through the official portal.

According to Foresight News, Ledger CTO Charles Guillemet confirmed on August 24 that an Ethereum app bug has been fixed. The vulnerability, which involved a specific signing process, was discovered by Ledger's Donjon security team using an AI vulnerability research tool and was patched two weeks ago. Users who keep their Ledger app updated are protected from the issue.

According to BlockBeats, on August 24, LIT surged over 5% to $3.95 following Upbit's listing of the LIT/KRW (Korean Won) trading pair, based on HTX market data.

According to a16z data released on August 24, lawyers using OpenAI Codex saw weekly active growth of 108 times, significantly outpacing other professions. Sales and recruiting professionals each saw 41x growth, followed by marketing at 26x and healthcare at 24x, while engineers recorded the lowest at 5x. Codex has evolved beyond code completion into an autonomous digital coworker capable of breaking down tasks and running for hours. Lawyers are using it to process large volumes of documents and