Gate Crypto Flash News and Market Updates

On Aug 27, China's onshore yuan closed at 6.7199 against the U.S. dollar, rising 6 pips from the previous trading day.

According to CCTV Finance, daily token usage in China surpassed 500 quintillion as of June 2026, driven by accelerating deployment of artificial intelligence applications. The rapid growth in token-scale demand reflects intensifying global competition in large language models and surging computational requirements.

According to LME data released today (August 27), copper inventory fell by 1,900 tons. In the same period, lead inventory decreased by 2,100 tons and nickel by 240 tons, while zinc inventory increased by 550 tons, tin by 470 tons, and aluminum remained flat.

According to Guru Club, Chicago wheat futures hit a three-year high on August 27 amid growing market concerns that escalating Russia-Ukraine conflict could further disrupt global grain supplies, one of the world's most critical granaries.

According to Market In, Homeplus will hold a stakeholder meeting on September 2 to vote on its revised restructuring plan, with a legal deadline of September 4. This marks the retailer's final opportunity to secure approval before the 18-month statutory restructuring period expires. The meeting will determine whether creditors approve a refinancing scheme involving approximately 1.5 trillion Korean won, designed to repay obligations and improve operations through store consolidations. Under Sout

According to Odaily and Hyperbot data, trader Huang Lixing (Ji Da) closed out his entire 10x leveraged ENA long position within just 1 hour of opening it, and simultaneously liquidated his PUMP long holdings. As of now, his total position value has declined to approximately $117 million, comprising $60.35 million in 25x Ethereum longs, $41.32 million in 40x Bitcoin longs, and $16.32 million in 10x HYPE longs.

According to the Ministry of Commerce on August 27, China and Switzerland are accelerating domestic procedures to finalize the upgraded free trade agreement as soon as possible. Under the agreement, both parties made high-level bilateral opening commitments across goods, services, and investment. In goods trade, the final zero-tariff import ratio for both sides exceeds 99%. The upgrade also includes enhancements to rules of origin, trade facilitation, and cooperation on standards and conformity

According to Odaily, Ave.ai launched $ANTH and $SHEIN Pre-IPO contract trading pairs on August 27. Anthropic, the developer of Claude AI, is an unlisted company attracting significant capital in the global AI sector. SHEIN, a cross-border e-commerce platform, is also a focal point for IPO discussions. Unlike U.S. stock market hours, traders can access 24/7 leverage trading on these contracts based on business developments and IPO expectations.

According to Odaily, Nvidia CEO Jensen Huang joked during the latest earnings call that the best stock trading strategy for 2026 is watching who he eats lunch with, claiming their stock prices would double the next day. Nvidia reported fiscal Q2 2027 revenue of $96.22 billion, up over 100% year-over-year, driven by data center segment revenue exceeding $89 billion.

Qatar's Prime Minister is set to visit Tehran on Thursday (August 28) to push for the resumption of negotiations between the United States and Iran. The visit marks another diplomatic mediation effort as Qatar seeks to facilitate dialogue between the two nations on regional and nuclear matters.

According to Iraq's Armed Forces Commander spokesperson, the international coalition's mission in the country will conclude as scheduled on September 30.

According to Spokesperson Huang Ling of China's Ministry of Commerce, from January to July 2026, China-Kyrgyzstan bilateral trade reached $11.7 billion, with China's "new three" products and electrical machinery exports to Kyrgyzstan growing rapidly. China remains Kyrgyzstan's largest source of foreign direct investment, with cumulative direct investment exceeding $2 billion as of end-July. Major projects in infrastructure, energy, minerals, agriculture, and green development are progressing smo

According to the International News Agency TASS, Russia's intelligence chief held a meeting with CIA Director in working format, officials stated.

According to the World Platinum Investment Council, platinum will maintain a 9.2-ton supply deficit throughout 2026, with long-term structural undersupply persisting through 2029 at an average annual deficit of approximately 19 tons. The organization cited limited new mining capacity and resilient demand as key factors. Global visible platinum inventories remain at historically low levels.

According to Korea Times via The Block, on August 27, South Korea's Mirae Asset Financial Group unveiled plans to build a 1.09 billion dollar digital assets business centered on its Digital X platform. Digital X will focus on cryptocurrencies, stablecoins, real-world assets including tokenized precious metals and energy, and security tokens.

According to INTERFAX, Ukrainian drones struck the spent nuclear fuel storage area at the Zaporizhzhia nuclear station in Russian-controlled territory on August 27, with no major damage reported.

According to Bloomberg, the U.S. government is investigating Singapore-based Apex Logistics, a unit of shipping giant Kuehne+Nagel, for allegedly smuggling Nvidia AI chips to China in violation of American export restrictions. The probe focuses on whether the company transported artificial intelligence systems assembled by Super Micro Computer. This marks a potential first enforcement action against a logistics firm involved in illegal semiconductor trade.

According to Jin10, Germany's digital affairs minister Carsten Wildebrandt said on August 27 that artificial intelligence demand is straining Europe's largest economy's data center capacity. Germany plans to double data center capacity to approximately 6GW by 2030. In contrast, U.S. data centers are projected to reach 118GW by the same year. The German government will accelerate data center approval processes to address the shortage.