Gate Crypto Flash News and Market Updates

Huawei Cloud launched CodeArts Agent in Singapore on August 28, introducing an AI coding tool with 16 specialized agents across the software development lifecycle. The tool covers requirements analysis, architecture design, coding, testing, issue resolution, and code review, while supporting code generation, Q&A, and automated unit test generation. Huawei also announced a Singapore Early Bird Program offering eligible enterprises three months of free access to the Professional Edition.

According to the U.S. Commodity Futures Trading Commission (CFTC), former White House teleprompter operator Gabriel Perez was ordered to pay $172,539 on Aug. 29 for illegal trading on prediction market platform Kalshi using advance information from Trump speeches. Under a settlement agreement, Perez must disgorge $107,539.02 in illegal profits and pay a $65,000 civil penalty. He has also agreed to a three-year trading ban and pledged not to violate the Commodity Exchange Act or CFTC regulations.

According to Asia Economy on August 25, South Korea is advancing plans to relocate major pension funds and financial institutions away from Seoul amid regional development efforts. The move has sparked concerns about concentration of capital and talent networks required for alternative investments. Eight major pension funds manage approximately 134.9 trillion Korean won in combined assets, with alternative investments—including real estate, infrastructure, and private equity—accounting for 63-74

According to KB Securities researcher Lim Jae-gyun on August 29, South Korea's government bond issuance this year could fall to approximately 214 trillion won, down over 11.6 trillion won from the original plan. This forecast reflects lower-than-guideline allocation to longer-term bonds, with the 30-year bond competitive bidding size reduced to 2.5 trillion won in September, marking the lowest level since December 2016. The long-term bond allocation (20–50 year maturity) reached 29.51% through S

According to Goldman Sachs and UBS, international gold prices surged 18% over one month to reach $4,712.8 per ounce on August 24, with year-end targets at $4,900 and predictions of $5,000 per ounce by the first half of next year. The rally reflects weakening U.S. dollar momentum and reduced expectations for Federal Reserve rate hikes amid economic slowdown concerns. Central bank gold purchases have expanded structurally, with holdings rising approximately 62% year-over-year in Q2 2026. The price

According to Asia Economy, space data center startup Starcloud raised $250 million in Series A funding today (August 29), with its valuation doubling to $2.3 billion. Manhattan West led the investment. Starcloud has already deployed artificial intelligence computing in orbit; its Starcloud-1 satellite, launched via SpaceX rocket in November 2025, became the first satellite to operate Nvidia H100 GPUs in low Earth orbit. The company plans to launch Starcloud-2 via Falcon 9 rideshare in January 20

On August 26, SK Biopharmaceuticals acquired global exclusive rights to opicapine and other Kv7 series compounds from BioHaven for up to $795 million (approximately 1.1 trillion Korean won), marking the largest overseas drug acquisition by a domestic South Korean biotech firm. Multiple Korean securities firms including Hana Securities, Meritorious Securities, and DS Investment Securities raised their target price to 160,000 KRW on the same day. The strategic value stems from SK's ability to leve

According to KB Securities analyst Oh Jae-young on August 30, the won-dollar exchange rate, which recently fell to the late 1,300s, is expected to trade in the 1,350-1,450 won range in the near term.

According to Circle, the company signed a principal partnership with Chelsea FC starting from the 2026/27 season, placing USDC branding on the front of the club's men's, women's and academy team shirts. Circle and USDC will debut on Chelsea's men's Premier League jersey at the club's first home match of the season against Brighton. The sponsorship marks a shift in crypto branding toward regulated financial infrastructure, with USDC positioned as global digital money for payments rather than sole

According to the Ukrainian state news agency, President Zelenskyy held a Supreme Commander meeting on August 28 to discuss weapons supplies and set a daily target of using 1,000 drones to conduct long-range strikes against Russia.

According to The Verge, Meta rolled out an update on Friday to its AI glasses that stops the camera from recording if the LED indicator light is covered during capture. The fix addresses a loophole that allowed users to disable the LED alert—which notifies bystanders of active recording—by covering the light after starting a video, rather than before. Meta's executive vice president of wearables, Alex Himel, announced the change on Threads, stating the camera will now stop working if the light i

Gunfire and explosions were reported across multiple areas of Niger's capital Niamey on August 29, according to market reports. The sounds of sustained gunfire and blasts continued throughout the day.

According to Ai 姨, a BIT-affiliated entity opened 8,000 ETH long positions through address 0x6c9…259a4 overnight (Aug 29) at an entry price of $2,440.49. The entity's total ETH long positions have increased to 29,500 contracts, worth approximately $72 million in notional value. The position has swung from previous profits of $55.095 million to current unrealized losses of $1.042 million, making it the fifth-largest ETH position on Hyperliquid.

Major South Korean listed companies including LG, Lotte, and Orion this year have introduced interim dividend payments, departing from their traditional single annual dividend model. The shift marks a significant change in capital allocation policy for these established corporations. The move follows South Korea's government corporate value-up program and dividend-related regulatory reforms, including the implementation of a preferential tax treatment for dividend income this year. Companies wit

According to President Trump, the United States reached an agreement with Venezuela on August 28, gaining majority control over more than 65 billion barrels of the country's proven oil reserves.

According to TIME's 2026 AI list released recently, Nvidia founder and CEO Jensen Huang was excluded from the TIME100 AI rankings for the first time since the list's inception in 2023, drawing scrutiny over the selection criteria. This marks Huang's debut absence after appearing on the previous three lists. The omission comes as Nvidia reported record earnings on August 26, with second-quarter revenue of $96.2 billion, up 106% year-over-year and 18% sequentially, driven by data center revenue of

According to Onchain Lens monitoring, AVICI was attacked today, resulting in losses of approximately $1.02 million. An attacker transferred 10,000 SOL to another wallet and converted it to approximately $1.02 million in USDC. The funds were then bridged across chains and swapped for approximately 418 ETH.

According to PANews on August 29, Justin Sun issued a statement regarding a personal civil property dispute, confirming it has entered legal proceedings. Sun stated he respects the court and the legal process, and will accept the outcome regardless of the result.

According to on-chain analyst Ai Yi, bit-affiliated entity (0x6c9...259a4) opened a new 80,000 ETH long position during overnight ETH decline at an entry price of $2,440.49. The entity now holds a cumulative 295,000 ETH long position valued at $72 million, making it the fifth-largest ETH position on Hyperliquid.

According to a report from South Korea's International Finance Center on August 29, Japan's 10-year government bond yield climbed near 3%, marking its highest level in 30 years. The surge reflects multiple factors including expectations for additional Bank of Japan (BOJ) rate hikes, yen weakness-driven inflation concerns, expanded fiscal spending and increased debt supply, and reduced BOJ bond purchases (quantitative tightening), according to analyst Ju Hye-won.