Gate Crypto Flash News and Market Updates

According to bitcoin.com, on Friday (Aug. 29), Bitcoin fell 2.5% to $77,588 after Federal Reserve Chair Kevin Warsh delivered a hawkish keynote at the Jackson Hole Economic Policy Symposium. Warsh stressed the central bank has "work to do" and that forward guidance had "overstayed its welcome," causing rate hike odds to jump from 35% to the mid-50s. U.S. spot Bitcoin ETFs snapped a 9-day inflow streak with $202 million in net outflows on Friday. Bitcoin support currently holds at $76,800–$77,000

According to Iran's Deputy Foreign Minister Garibabaadi on August 29, Iran and Oman have reached an understanding on Strait of Hormuz transit arrangements. However, the agreement will not enter an implementation phase unless the U.S. fulfills its obligations, with Iran expressing no urgency to reopen the strategic waterway.

According to BlockBeats, on August 30, Pons, the token issuance platform on Robinhood chain, recorded daily revenue of $550,000 yesterday for the first time, breaking the $500,000 threshold. The platform's cumulative revenue has reached $8.16 million, according to DefiLlama data.

According to Odaily, Meme coin trader Bonk Guy issued a warning on X platform on August 30, cautioning followers against blindly copy-trading after his portfolio gained over $3 million in one month. Bonk Guy stated he sometimes builds positions without in-depth research and may sell at any time for any reason, providing no investment logic. He emphasized that his token purchases should not be viewed as project endorsements, and stressed that no cryptocurrency will only rise indefinitely—all posi

According to Tibo, OpenAI fixed eight classes of token consumption bugs in Codex today and reset usage credits for all Codex and ChatGPT Work paid subscribers. Users can now stretch the same quota by 10-50% more depending on usage patterns. The most wasteful bug was the /goal command, which could consume 15-70% of weekly quota in a single task even after completion; Computer History also caused excessive token drain of approximately 20% in some cases.

According to ChainCatcher citing GMGN data, BSC Meme coin surged to break $80 million in market capitalization on August 30, with the token currently trading at approximately $79 million, up 40% in 24 hours.

According to BlockBeats, on August 30, Meme coin "Niu Lai" on the BSC chain briefly reached a market capitalization of $87 million, marking a new all-time high. The token was trading at $83.06 million at the time of reporting, with a 24-hour gain of over 48%, according to GMGN data.

According to TASS, Sberbank, Russia's largest bank, plans to offer crypto-backed loans to corporate clients, initially using Bitcoin as collateral after successfully testing the model with mining firm AO Intelion Data last year. Ethereum and Tether will be added to the collateral offering once Russian regulators authorize their public circulation and the remaining provisions of new crypto legislation take effect, said Anatoly Popov, deputy chairman of Sberbank's management board.

Nvidia reported fiscal Q2 2027 revenue of $96.2 billion on August 30, 2026, up 106% year-over-year, with data center revenue reaching $89 billion. However, analysts and investors are focusing on the company's growing financial commitments. Nvidia's gross debt has jumped to $33.5 billion from $8.5 billion a year earlier, while estimated peak liabilities through 2028 could reach between $80 billion and $200 billion, including customer financing guarantees and a $105 billion residual-value guarante

According to Fundstrat's Mark Newton, NVIDIA's recent market moves and global liquidity conditions have altered the market landscape across various asset classes. NVIDIA, the world's largest company by market value, is trading at around $217.55 with a market cap estimated between $5.3 trillion and $5.5 trillion. Concurrently, U.S. Treasury yields have surpassed 5%, significant for equities and risk assets. Newton suggested that the combined impact of NVIDIA's performance and global liquidity dyn

According to Foresight News citing GMGN data, PONS, a token launchpad on Robinhood Chain, briefly surpassed a market cap of $260 million today, marking an all-time high. The token gained 72.89% in 24 hours, with current market cap at $253 million.

According to Foresight News, NEAR protocol co-founder Illia announced that near.com has enabled privacy as default, with the team completing its transition to full on-chain financial privacy. All account balances, deposits, exchanges, yields, and payment activities are now visible only to the account holder.

According to the Wall Street Journal, the U.S. government announced on Friday night that it will hold a 35% passive stake in a private Venezuelan oil company and secure first-right-of-purchase on 20% of its production. The company, North American Blue Energy Partners led by Venezuelan businessman Alejandro Betancourt, will be granted a century-long concession to develop 17 oil fields containing an estimated 65 billion barrels—equivalent to one-fifth of Venezuela's reserves.

According to edaily, Fed Chair Jerome Powell delivered hawkish remarks on August 28 at Jackson Hole, stating concerns over inflation indicators and emphasizing the need for confidence that "core inflation is moving meaningfully toward our 2% objective." The comments sparked a market shift, with CME FedWatch data showing September FOMC rate-hike probability rising to 57.5%. Meanwhile, South Korea's KOSPI fell to 6,788.88 this week after briefly approaching 7,000 earlier. Samsung Electronics and S

According to Doctor Profit (via BlockBeats), on August 30, Bitcoin is expected to trade sideways between $71,000 and $82,000, with $71,000 as the range bottom and $82,000 as the resistance level requiring a breakout. The trader remains bullish on an eventual upside breakthrough and continues holding spot positions built near $62,000, with no short positions or sales.

According to Goldman Sachs analysts Lina Thomas and Daan Struyven, gold is forecast to reach $4,900 per troy ounce by year-end 2026, driven by elevated central bank demand and expectations for the Federal Reserve to maintain holding rates. Central banks are expected to purchase 50 tonnes of gold monthly this year, representing a roughly 300% increase from pre-2022 levels of 17 tonnes per month. The surge reflects banks' efforts to diversify reserves and hedge geopolitical and financial risks. In

According to Yonhapnews, South Korean oil refiners surged in August as of August 30, with GS rising 45.17%, S-Oil gaining 17.20%, and SK Innovation up 5.79%, all outpacing the KOSPI's 2.93% gain. The rally was driven by improved crude sourcing conditions that lowered input costs, while relatively low global oil inventories kept refined product prices strong. Weak refinery supply recovery meant refiners could maintain higher profit margins despite lower crude prices.

According to Jin10, on August 30, Venezuela's interim president Delcy Rodríguez revealed details of a 25-year petroleum agreement with the U.S., covering 17 prospective oil fields with a production target of 1.5 million barrels per day. Under the accord, oil is priced at $69 per barrel, with the Venezuelan government retaining a profit of $19 per barrel, plus a 16% mining concession fee and 34% corporate income tax on operating oil companies.

According to Korea Exchange data released on August 30, South Korea's KOSPI index fell 1.8% this week to 6,788.88, weighed down by foreign investors' net selling of approximately 9 trillion won. The index fluctuated between 6,696.96 and 6,912.37 during the trading week. Domestic individual investors purchased 1.1 trillion won in net buying, while institutional investors added 7.8 trillion won, but foreign outflows limited upward momentum. Among institutions, financial investment companies purcha

On August 28, U.S. Central Command chief Brad Cooper stated that approximately 50,000 U.S. troops are deployed in the Middle East, with many executing a naval blockade of Iran. According to CCTV International, more than 20 warships have maintained the blockade since mid-July.