Gate Crypto Flash News and Market Updates

According to Onchain Lens monitoring data, a whale transferred 1.983 million LINK tokens to Coinbase, worth approximately $2.3 million. The tokens were previously purchased from Cumberland.

According to Jin10 data, nearly 200 vessels transited the Strait of Hormuz last week, up from 150 in the preceding week and approximately 40 two weeks prior. Data from maritime intelligence firm Kpler shows that over 80% of liquid cargo transported through the strait in the past two weeks either rerouted via the U.S.-backed Oman shipping lane approved by the UN International Maritime Organization or disabled their automatic identification systems to obscure their movement.

According to Newsis, on August 20, major South Korean brokerages began cutting margin loan rates following pressure from financial regulators over excessive interest charges. Samsung Securities lowered its rate from 9.0% annually to 7.5%, while Shinhan Investment Securities reduced rates to 6.95% from 9.0%. Additional brokers including Mirae Asset Securities, NH Investment Securities, and Kiwoom Securities announced similar cuts to the 7.95-8.75% range. Margin loans (known as "mae-dam-dae") allo

According to Iran's Defense Ministry spokesperson Reza Talaei-Nik on August 22, defense equipment production over the past year has doubled. Some strategic equipment prioritized for wartime deployment saw production increases of more than 300 percent, he noted. Certain systems remain undisclosed for security reasons.

The U.S. Dollar Index (DXY) fell 0.1% to 98.80 on Friday (August 21), marking its worst week since late July as underlying fiscal concerns weighed on the currency. The index declined approximately 0.9% for the week, hovering near three-month lows. The weakness was driven by mounting doubts over U.S. fiscal sustainability following the Treasury Department's unexpected decision on Wednesday to increase long-term debt repurchases from $2 billion to at least $4 billion. Meanwhile, the euro strengthe

According to Yonhapinfomax, New York's three major stock indices declined last week, with the Nasdaq Composite dropping 2.05%, the S&P 500 falling 1.43%, and the Dow Jones Industrial Average sliding 0.85%. The selloff was driven by a sharp surge in long-term U.S. Treasury yields, with the 30-year yield hitting 5.339%, its highest level in 19 years, approaching the 2007 peak of 5.435%. This week (August 24-28) will bring several major market-moving events: Federal Reserve Chair Kevin Powell will

According to Hyundai Motor Company on August 23, Genesis, the company's luxury brand, has reached cumulative sales of 454,000 units in the United States since its market entry in 2016, approaching the 500,000-unit milestone. The brand set its fifth consecutive annual sales record in the U.S. market from 2021 through 2026. In the first half of 2026 alone, Genesis sold 39,088 units in the U.S., marking a record for any first half-year period. The brand's growth follows its 2025 milestone of breaki

According to IBK Securities, the firm on August 23 launched IBKS Black Numbers SPAC fund, a discretionary wrap account that distributes investments across 8-10 domestic listed SPACs (special purpose acquisition companies). The minimum investment is 50 million won. The fund is managed in collaboration with Black Numbers Investment Advisory, which analyzes merger progress, remaining periods, and merger feasibility for individual SPACs. Fee structure includes a 1% upfront fee, 1% annual fee, and ad

According to Korea Exchange data released on August 21, South Korea-focused North Korea economic cooperation theme stocks surged sharply amid speculation about potential North Korea-U.S. summit talks. Goodpeople shares jumped 80% to 595 won from 330 won during the week, marking the top gainer among Kospi and Kosdaq-listed companies, while IndieF climbed 77% to 3,270 won. The Korea Exchange designated Goodpeople as a subject of caution on August 20, escalating to investment warning status on Augu

According to Iran's President Masoud Pezeshkian, on Friday, August 21, Iran should seize the opportunity to end the conflict with the United States while the nation remains in a position of "strength and dignity." Pezeshkian, speaking at a medical conference in Tehran, argued that allowing the situation to deteriorate would be worse than negotiating from a position of relative power. He emphasized that Iran was not seeking peace as a defeated nation, citing U.S. military attacks on schools, hosp

According to Grayscale, Bitcoin rose to $79,461 on August 21 before retreating to approximately $77,000. Grayscale's research notes that the current bear market has persisted for 10 months, approaching the historical average duration of 11 to 12 months across previous cycles. The company cited three structural adoption drivers—government deficits, expanding blockchain applications in financial services, and generational shifts in asset allocation—as supporting long-term investment positioning, t

According to President Trump, U.S.-Canada trade negotiations are "almost" complete as of yesterday (August 21), with both sides aiming to reach an agreement before the midnight deadline. The proposed deal would reduce Canadian auto tariffs from 25% to 15% and lower steel and aluminum tariffs from 50% to 25%, aligning them with rates applied to other trade partners. Trump emphasized that any agreement must be fair to both nations and increase U.S. goods access to Canadian markets, while the U.S.

According to Korea's Financial Supervisory Service, South Korea's retirement pension reserves reached 553.9 trillion won in the second quarter, marking a record quarterly increase of 45.1 trillion won from the prior quarter. The surge was driven by individual-managed products, with personal defined contribution (DC) and individual retirement accounts (IRP) accounting for 95% of the inflow. Separately, South Korea's securities industry captured 29.8% of total assets under management, surpassing t

According to Jin10 Data, a 5.8 magnitude earthquake struck Honshu, Japan on August 23, with multiple injuries reported. As of 4:00 AM local time, nine people were injured in Saitama Prefecture; by 5:00 AM, three people were injured in Kanagawa Prefecture; Tokyo also reported individuals injured by broken glass. The Tokyo Fire Department received approximately 30 earthquake-related emergency calls by 3:00 AM on August 23.

Coinkite released new Coldcard firmware on Thursday after a seed-generation flaw dating to 2021 exposed users to more than $130 million in Bitcoin thefts. The company urged Coldcard Mk4, Mk5, and Q users to upgrade to firmware 5.6.1 or 1.5.1Q. The flaw reduced entropy from 128 bits to roughly 40 bits, making wallet seeds easier for attackers to guess. By August 14, Galaxy Research tracked roughly 1,778 BTC worth approximately $112 million stolen across multiple attack waves. The updated firmware

Blockchain investigator ZachXBT recently published a ranking of the worst jurisdictions for handling crypto crimes, naming Canada as the most problematic country for victims despite its first-world status. The United Kingdom ranks second and India third. ZachXBT cited instances where Canadian law enforcement ignored evidence of crimes and failed to assist victims, contrasting with other nations' efforts. He announced he is declining all victims from Canada and stated his upcoming support website

According to Korea Exchange, cosmetics-focused ETFs significantly outperformed the broader market between August 3-21. The SOL Cosmetics TOP3 Plus ETF, which holds stakes in Korean beauty manufacturers, rose 30.09%, ranking fourth among all domestic listed ETFs. This contrasted sharply with the KOSPI's 4.81% gain over the same period, driven by strong corporate earnings including record quarterly operating profit at Kolmar Korea exceeding 100 billion won. Gold-related ETFs also rallied amid weak

According to investment banking industry data, only 10 BBB-rated or lower-grade Korean companies launched public bond offerings through August 21, 2026, the lowest number in five years. Subscription demand also collapsed, with total orders reaching 901 billion won, down 65.6% from 2.616 trillion won in the same period last year. Recent credit events involving major conglomerates have frozen investor appetite for lower-rated bonds. Even relatively stronger BBB+ issuers like Hanjin faced unsold po

U.S. Trade Representative Grier recently proposed reducing tariffs on most Canadian steel products to 25%, while cutting aluminum tariffs from 50% to 25%.

According to Korea Exchange, as of August 21, KOSPI's average daily turnover rate dropped to 0.56% this month, marking its lowest level since August 2025. This represents roughly one-third of the peak 1.74% recorded in March. Average daily trading volume reached 333.51 million shares and daily trading value 26.5 trillion won, both the lowest this year. Despite Samsung Electronics gaining 3.87% and SK Hynix rising 2.31% on August 21, trading volumes for both semiconductor leaders declined 22% and