Gate Crypto Flash News and Market Updates

According to U-Analyze, Marvell Technology (MRVL-US) stock fell more than 8% to $221.6 during Friday's (Aug 29) trading session, despite the company raising fiscal 2027 and 2028 revenue guidance. Investors focused on the timing of revenue recognition from Google's custom AI chip collaboration. Marvell's custom chip deal with Google carries cumulative revenue potential of up to $120 billion through fiscal 2033, but CEO Matt Murphy stated that meaningful Google-related revenue would not scale unti

According to Fed chair Powell's Jackson Hole speech, on Friday, August 28, Germany's 2-year bond yield surged 4.2 basis points to 2.906%. Powell's newly disclosed remarks signaled a hawkish tone, significantly expanding the yield gain after initial market moves. Germany's 10-year bond yield rose 2.6 basis points to 3.279%, while the 30-year yield increased 1.3 basis points to 3.768%. The 2/10-year yield spread narrowed 1.697 basis points to 36.990 basis points.

According to analysts and market reactions, Fed Chair Kevin Warsh reaffirmed the 2% inflation target at the Jackson Hole economic symposium on Friday (August 28), stating that if inflation does not decline quickly enough, the Fed "still has work to do." Markets interpreted the speech as hawkish, though Warsh deliberately preserved policy flexibility for September without committing to rate hikes. Following the speech, September rate hike expectations surged from approximately 35% to around 50%.

According to Kitco NewsWire, on Friday, spot gold traded near $4,593.20 an ounce, down 0.16%, while spot silver rose to $70.17 an ounce, up 1.50% in early U.S. trading. Markets await two key 10 a.m. ET catalysts: Fed Chair Kevin Warsh's Jackson Hole keynote speech and the Labor Department's preliminary payroll benchmark revision through March 2026, which could reset confidence in labor-market data following July's decline of 23,000 payrolls.

Ukrainian President Volodymyr Zelenskyy expressed hopes today that Ukraine could conduct 1,000 remote drone strikes per day against Russian targets. The statement reflects Ukraine's strategic emphasis on long-range unmanned systems in its ongoing military operations.

Institutional crypto exchange operator Bullish provided USD.AI with a $100 million stablecoin-based debt facility on Friday to finance loans secured by GPU infrastructure. USD.AI, an onchain financing platform developed by Permian Labs, will use the facility to lend to AI infrastructure operators with loans backed by underlying GPU hardware. Bullish plans to list USD.AI's sUSDai token across multiple trading pairs and support it with a dedicated market-making program to improve secondary liquidi

According to CNBC, IMAX stock reached an all-time high of $54.79 this week, up nearly 80% over the past 12 months, even as CEO Rich Gelfond opened the door to a potential sale in December. However, the company has not fielded any official acquisition pitches and no major suitors have appeared. The company's momentum has been fueled by strong box office performance, with IMAX ticket sales for Christopher Nolan's "The Odyssey" surpassing $400 million globally over the weekend, the first film in co

According to on-chain data monitored by PANews, Huang Licheng (known as Machi Doge) saw all long positions turn from profit to loss on August 29, with his investment return rate dropping to approximately -35% and total unrealized losses exceeding $1.608 million. The largest loss came from his 25x leveraged Ethereum position, which posted an unrealized loss of $952,000, followed by a 40x leveraged Bitcoin position with losses of approximately $345,000.

The US 5-year Treasury yield climbed to 4.48%, marking its highest level since February 2025. The move reflects ongoing market dynamics in the fixed-income space.

According to Guru Club, Andreessen Horowitz (a16z) on Aug 28 announced it has raised $1.1 billion for its artificial intelligence infrastructure fund.

On August 28, UK 2-year gilt yield rose 4.8 basis points to 4.405%, marking its weekly gain. According to the trading data, the yield dipped to a daily low of 4.351% at 22:00 Beijing time when Federal Reserve Chair Powell's remarks were released, then rebounded sharply. Meanwhile, the 10-year gilt yield climbed 3.3bp to 5.063%, posting a V-shaped reversal pattern throughout the week.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago and a voting member of the Federal Open Market Committee in 2027, will appear on CNBC for an interview in approximately ten minutes.

According to BusinessWire, BitGo completed the acquisition of NYDIG's institutional trading business on Thursday. The deal brings approximately 30 NYDIG employees to BitGo and includes the company's institutional client relationships. The acquired business provides derivatives, structured products, financing and capital markets services to asset managers, hedge funds and companies. The financial terms were not disclosed.

New York silver fell 3.0% during intraday trading on August 28, reaching $68.08 per ounce.

NYMEX silver futures declined 3.0% intraday on August 28, trading at $68.08 per troy ounce.

According to Masahiko Loo, senior fixed income strategist at State Street Global Advisors, the Bank of Japan may conduct another round of FX market intervention before its earliest possible rate hike in September 2026.

According to Arthur Hayes on the Unchained Podcast, Strategy's market value to net asset value (mNAV) premium sat near 0.74x on August 27, erasing its historical edge. The company holds 840,447 BTC but faces roughly $1.5 billion in annual obligations on preferred shares STRK (8% dividend) and STRC (10–11.5% dividend). Bitcoin briefly topped $81,000 on August 25 before retreating to the high $70,000s, creating the sideways grind Hayes says punishes Strategy's model. Hayes argues Saylor faces thre

According to CNBC, on Thursday (August 28), streaming platforms Netflix and Twitch experienced service disruptions as they premiered the first official gameplay preview of Grand Theft Auto 6. Netflix users reported error messages due to high demand, while Twitch faced bandwidth issues as viewers posted reactions. Wells Fargo analysts described player feedback as "largely positive." Global pre-orders for the game have reached an estimated $260 million, with analytics firm Newzoo projecting $4.5 b

According to HTX market data, SOL breaks below $105 to trade at $104.96 as of today, down 1.49% over the past 24 hours.

According to California Attorney General Rob Bonta's office on Friday, California sued the Trump administration and Golden State Wind over a $120 million agreement to cancel an offshore wind project lease. The state claims the deal violates the Outer Continental Shelf Lands Act and other federal laws. California seeks to block the agreement's implementation and overturn it.