Gate Crypto Flash News and Market Updates

According to Crypto.news, Bullish provided USD.AI with $100 million in GPU financing loans today (August 29). USD.AI, developed by Permian Labs, connects stablecoin liquidity with enterprises seeking to purchase GPU equipment. The platform issues non-recourse loans collateralized by the computing hardware financed through the facility, without assessing borrowers' overall business creditworthiness.

According to Big Bay Area Voice, Hong Kong Chief Executive Lee Ka-chao has reserved HK$50 million from the Disaster Relief Fund for emergency relief efforts following a mudslide in Nepal on August 29. The disaster caused casualties and missing persons in Gyirong County at Tibet's Gyirong Port, a critical cross-border area. The Disaster Relief Fund Advisory Committee will expedite processing of relief applications.

According to statements made on Friday, Polish Prime Minister Donald Tusk called for a re-vote on the Crypto-Asset Market Act after the $94 million collapse of cryptocurrency exchange Zondacrypto. The law has been vetoed three times by President Karol Nawrocki, leaving Poland unable to enforce EU MiCA standards and preventing domestic exchanges from registering. Tusk accused politicians of receiving bribes related to the failed exchange and stated the situation represents a well-organized corrup

According to Ripple's official announcement, Ripple Prime launched its Delta One business on August 27, expanding into equity derivatives for institutional clients. The platform now offers total return swaps tied to U.S.-listed equities, indices, and digital assets, with cross-margining across supported asset classes through a single counterparty. The expansion is backed by more than $1 billion in regulatory net capital. Ripple Prime closed a $275 million senior unsecured notes offering on Augus

Circle has signed a principal partnership with Chelsea FC to place USDC branding on the front of the men's, women's and academy team shirts starting from the 2026/27 season. According to Circle's official announcement, USDC will debut on Chelsea's Premier League jersey during the club's first home match of the season against Brighton. "We built USDC on the belief that money should work seamlessly for everyone everywhere," Circle co-founder and CEO Jeremy Allaire said. The sponsorship positions t

According to the Wall Street Journal citing sources, Chinese AI startup DeepSeek is seeking to raise $74 billion in a funding round that values the company at $740 billion, announced on August 28. The funds will be allocated toward research and development and expanding computational infrastructure. DeepSeek targets an initial public offering (IPO) in 2027. Investors in this round include existing shareholders Monolith Management and Shixiang, along with Chinese battery maker CATL (Contemporary

According to Arctic Wolf researchers, Dark Caracal deployed a new Go-based malware framework in June 2026 that retrieves replacement command-and-control server addresses from Ethereum smart contracts. The malware, named GoCaracal, was identified during an intrusion into a Venezuelan communications organization and analyzed across 249 samples. The key innovation is GoCaracal's ability to query a Solidity smart contract named BulletproofC2 on Ethereum to obtain updated C2 server addresses, allowin

According to Bloomberg, Lambda, a US-based AI infrastructure provider backed by Nvidia, secured approximately $1 billion in private debt arranged by JP Morgan Chase. The financing is designated to fund Nvidia graphics processing units that Microsoft will lease, according to the arrangement tied to Lambda's infrastructure deployment agreement with Microsoft. The debt facility complements Lambda's ongoing capital raise efforts, positioning the company for potential public market entry next year.

According to yesterday's ruling by Judge Rita Lin of the US District Court for the Northern District of California, the Trump administration's blacklisting of Anthropic was unlawful retaliation in violation of the First Amendment. The government designated the maker of Claude AI technology a supply-chain risk to national security after Anthropic refused to drop restrictions on its products' use for lethal autonomous warfare and mass surveillance. Trump and Defense Secretary Pete Hegseth ordered

According to CNBC, Meta reached an $18 billion settlement this week in a landmark social media addiction lawsuit brought by a coalition of U.S. states including California, New Jersey, Colorado, and Kentucky. The Instagram and Facebook parent will pay $12.7 billion over 10 years to the states, with the remaining $5.3 billion contingent on TikTok and YouTube implementing similar youth protection measures. Meta also committed to fundamental platform changes for users under 18, including a 2-hour d

According to an interview with Lee Jae-man, head of global investment analysis at Hana Securities, the analyst's May prediction of a bull market end signal came true on June 22 when SK Hynix' market cap surpassed Samsung Electronics. KOSPI subsequently dropped approximately 40% from its peak of 9,114 in June to near 5,500 in July. Lee forecasts that next year, profit growth rates for battery makers, renewable energy companies, semiconductor component suppliers, and defense contractors will excee

According to China's National Data Bureau, on August 29, the computing network forms deep coupling with water networks, power grids, telecommunications networks, urban underground pipelines, and logistics networks, creating an integrated ecosystem. The computing network serves as the "brain" of this system, enabling intelligent dispatch of power grids and new energy consumption, facilitating data flow through next-generation telecom networks, supporting precise watershed forecasting and water re

According to Shinhan Investment Corp., South Korea's wind power industry entered a gradual recovery phase on Aug 29, with the firm upgrading sector weighting and recommending CS Wind as its top pick. The brokerage noted Europe-led price normalization, contract renewals, and policy support as tailwinds. The South Korean government expanded its 2040 wind capacity target to 60.5GW, up from an earlier 9.2GW goal for 2030, signaling accelerated offshore expansion. Shinhan also identified SK Ocean Pla

According to CCTV, on August 28, Spain requested assistance from the European Union to address a migration crisis in Ceuta, its North African enclave. Spain is seeking personnel from the European Border and Coast Guard Agency to help manage the situation. Thousands of illegal migrants remain stranded in Ceuta following a major unauthorized crossing incident in late July.

According to Coinglass data, Bitcoin peaked at $81,455 overnight on Aug. 28 following Federal Reserve Chair Kevin Warsh's Jackson Hole speech, then fell sharply to $76,877 within hours. The reversal triggered $465 million in 24-hour liquidations across derivatives markets. Market analysis from Cryptoreviewing revealed a severe liquidity imbalance, with $5.7 billion concentrated below $75,000-$78,500 versus only $2.8 billion overhead at $81,500-$84,000. Whales maintained heavy sell walls at $80,8

According to Bitget, TRUMP briefly touched $3.068 in the past 24 hours and is currently trading at $2.99, up 9.7% over the same period.

According to the UN Economic Commission for Europe, on August 28, severe drought and record-high summer temperatures in Europe and North America are intensifying pressure on forest ecosystems. Data from the European Drought Observatory, an EU-affiliated institution, shows that 50% of the EU and UK regions are currently in drought conditions, with significantly reduced precipitation adversely affecting soil moisture and forest health.

According to Kitco News, spot gold fell to a session low of $4,549.15 per ounce on Friday, August 29, following the release of weaker U.S. economic data. The University of Michigan's final Consumer Sentiment index for August came in at 51.7, down from July's 55.2 reading, as consumers remained concerned about elevated inflation. Spot gold last traded at $4,556.41, down 0.99% on the day. The August survey also showed year-ahead inflation expectations eased to 4.0% from 4.2% in July, though longer

According to CoinDesk, six Bitcoin wallets inactive since 2011-2014 transferred 553.59 BTC (worth approximately $40 million) between August 16-26. Five wallets sent their holdings to addresses with no known exchange affiliation, while one transferred 40 BTC to German crypto custody and trading provider Boerse Stuttgart Digital.

According to Bitcoin.com News, Ireland's Criminal Assets Bureau moved 500 BTC worth $38 million on August 28, 2026, marking the first movement from a wallet created in January 2016 after more than a decade of inactivity. The funds were transferred from a legacy P2PKH wallet to a newer P2SH address and subsequently moved to Coinbase Prime. With this transfer, CAB has now recovered a total of 2,000 BTC valued at $155 million from assets linked to cannabis dealer Clifton Collins.