Gate Crypto Flash News and Market Updates

According to Bloomberg television interview, Bank of England Governor Andrew Bailey downplayed second-round inflation risks ahead of the central bank's September 17 rate decision. Bailey stated at the Jackson Hole Economic Symposium that inflation effects remain "quite muted" and the labor market has been weak for some time. Meanwhile, UK household inflation expectations for the next year reached 3.9%, though private sector wage growth continues to decline.

As of July, generic GLP-1 weight-loss drug sales in India reached only about 20% of the projected $261 million, according to market reports. Medical experts increasingly recognize that cost is only one barrier to adoption in India; cultural attitudes, local traditions, and socioeconomic factors play equally significant roles. Social stigma around obesity and weight-loss treatment, combined with patient reluctance to disclose therapy and physician hesitancy to prescribe generic alternatives, furt

According to The Sandbox, the blockchain gaming platform will repay eligible SAND holders 1:1 after a bridge exploit on Aug. 21 drained 14.744 million SAND tokens, worth approximately $700,000, from an Ethereum vault. Compensation will come from The Sandbox treasury with no new tokens minted. The claims process is expected to open within two weeks. The attacker exploited a configuration flaw in SAND's Base and BNB Chain contracts, allowing them to become the sole verifier of incoming bridge mess

California lawmakers passed Assembly Bill 2409 on Wednesday in a 40-0 vote, restricting digital asset service providers from offering memecoins issued after January 1, 2027, that are linked to federal or state officials, according to Legiscan data. The Assembly subsequently voted 78-0 to concur. The bill defines memecoins as digital assets whose value derives primarily from public interest, speculation, or community engagement, and cites concerns around conflicts of interest and pay-to-play arra

According to CNBC, on Friday, August 28, Apple raised the monthly price of Apple TV to $14.99 from $12.99, or $119 per year from $99 per year. The price of Apple One, a bundle subscription that includes Apple TV, iCloud storage, Apple Music and other services, increased to $21.95 from $19.95 per month.

According to Bitcoin News, Core Lightning released version 26.06.7 to patch multiple vulnerabilities disclosed responsibly over the past three weeks. The development team is withholding technical details and source code for two weeks to allow node operators time to upgrade before public disclosure, preventing attackers from reverse-engineering the fixes. All Core Lightning node operators are urged to upgrade immediately. The team explicitly warned users not to wait for Docker images, which are n

According to Baker Hughes, the number of U.S. energy company drilling rigs remained unchanged in the latest week.

A U.S. appeals court recently rejected Kalshi's request for a preliminary injunction seeking to prevent the Nevada Gaming Control Board from overseeing sports betting contracts, according to court documents.

The U.S. oil drilling count declined to 447 in the week of August 28, compared with 452 the prior week, according to energy data.

This week ending August 28, the total number of U.S. oil drilling rigs fell to 447, compared to 452 in the prior week, according to drilling data.

The U.S. oil rig count remained unchanged at 588 for the week of Aug 28, holding steady from the previous week's 588.

U.S. natural gas rig count rose to 132 in the week ending August 28, up from 127 in the previous week, according to energy data.

According to OneKey CEO Yishi Wang, the open-source wallet provider's security team successfully reproduced a transaction replacement attack against Ledger Ethereum app 1.22.1 in a test environment. The exploit allows attackers to overwrite a transaction awaiting user signature by exploiting a previously patched vulnerability. Ledger released app-level safeguards through Ethereum app 1.22.2 on Aug. 13 and fixed the underlying issue in Secure SDK 26.6.1 on Aug. 21. The company stated no Ledger us

According to Odaily, Coinbase CEO Brian Armstrong posted on X that the U.S. invented modern derivatives markets but has failed to keep pace with global financial innovation as the world shifts to around-the-clock perpetual contracts. Armstrong urged the U.S. to open stock perpetual futures and bring the most innovative new markets to American markets.

According to Coinglass, over $220 million in leveraged positions were liquidated across crypto markets in the past hour, with long positions accounting for $209 million. Short positions represented $10.52 million of liquidations. Bitcoin liquidations reached $97.37 million and Ethereum liquidations hit $62.13 million during the same period.

According to HyperliquidNews, HIP-4 permissionless deployment will be enabled at the next network upgrade. The announcement was made via the official X platform account.

According to CNBC, Marvell Technology shares fell 6% on Friday (August 28) despite beating Q2 earnings expectations, as its raised fiscal 2028 revenue outlook of $18 billion failed to meet elevated investor expectations. The chipmaker reported Q2 revenue growth of 37% to $2.7 billion, beating guidance by $39 million. Its data center business, which powers AI infrastructure, accelerated to 46% revenue growth year-over-year. The company had previously forecast $16.5 billion for fiscal 2028 revenue

According to Kitco News, Larry Lepard, Managing Partner at Equity Management Associates, predicted in a recent interview that gold will reach $5,000 to $10,000 per ounce, citing mounting government debt and fiscal constraints that will ultimately force currency debasement. Lepard argued that rising debt levels constrain policymakers' ability to combat inflation through traditional tight monetary policy, as higher interest rates would worsen government debt-servicing costs. He expects central ban

According to University of Michigan, the U.S. consumer sentiment index for August came in at 51.7, down 6.3% from July's 55.2. The current economic conditions index declined to 51.9 from 54.8, while the consumer expectations index fell to 51.5 from 55.4. Joan Chow, the university's consumer survey director, noted that sentiment declines were steeper among groups with less capacity to absorb rising living costs, including older consumers and low-to-middle income households.

According to Copper Giant Resources Corp., on Thursday, directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent (CuEq) at its Mocoa flagship project in southern Colombia. The interval, which began 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, with a higher-grade core of 102 meters averaging 0.87% CuEq. "MD-070 confirms the grade and continuity where it matters for the study," said Frank Giustra, the company's principal shareholder, noting that the dril