Gate Crypto Flash News and Market Updates

According to Yonhap Infomax, the USD/KRW exchange rate traded at 1,384.50 won in New York on August 24, down 2.00 won from the previous day's close. The rate marked its lowest level in 11 months since September 17, 2024. Selling pressure from exporters and offshore investors ahead of month-end outweighed import settlement demand, driving the won stronger.

According to Seoul Economic, on August 24, Samsung SDI shares rose 7.74% to close at 515,000 won, driven by the company's announcement to sell its Samsung Display stake for approximately 4.45 trillion won. The proceeds are expected to fund battery factory expansion in Indiana, including the SynergyCell facility. Analyst Park Hyun-soo from Shinhan Securities noted the financing clarifies funding for North American energy storage system (ESS) battery production, with SynergyCell's planned conversi

U.S. stock indexes opened lower on Monday (August 24), with the Nasdaq Composite declining 0.52% and the Philadelphia Semiconductor Index falling 2.18%. Weakness in technology and chip stocks offset gains from declining U.S. Treasury yields. Markets remained cautious as investors awaited details on U.S. sanctions against Iran, Nvidia earnings, key inflation data, and Federal Reserve Chair Kevin Warsh's speech at Jackson Hole on Friday. The Dow Jones gained 0.17% to 53,367.94, while the S&P 500 d

According to Jin10, Iran's rial has depreciated nearly 10% over the past two weeks as of August 24. Central Bank Governor Abdolnasser Hemmati stated in a televised address that the currency decline is merely a temporary phenomenon and that volatility is expected. Hemmati attributed economic pressures to U.S. political messaging, expressing confidence that conditions would improve.

According to Russian Presidential Spokesperson Peskov on August 24, the UK's plan to transfer cruise missile production technology to Ukraine is adding fuel to the fire, with Russia offering an extremely negative assessment. British Prime Minister Keir Starmer is visiting Ukraine on August 24 and is expected to transfer technology information related to UK components of cruise missiles.

According to BlockBeats, on August 24, the Philadelphia Semiconductor Index fell 2% at the market open. SanDisk plunged over 9%, while Micron Technology (MU) declined 5.5%, Seagate Technology (STX) fell 4.48%, and Western Digital (WDC) dropped 4.1%, according to BIT price data.

According to the Copernicus Climate Change Service, the global daily average sea surface temperature reached 21.10 degrees Celsius on August 22, surpassing the previous record of 21.09 degrees Celsius set in March 2024, marking the highest temperature on record.

According to Coinglass, the crypto market saw $337 million in liquidations over the past 24 hours, with $159 million from long positions and $178 million from short positions. Bitcoin long positions accounted for $29.48 million, while Bitcoin short positions totaled $59.98 million. Ethereum saw $40.13 million in long liquidations and $61.96 million in short liquidations. Over the same period, 78,352 traders were liquidated globally, with the largest single liquidation occurring on Binance's ETHU

According to ChainCatcher, the U.S. stock market opened on August 24 with mixed performance: Dow Jones up 0.13%, S&P 500 down 0.19%, and Nasdaq down 0.4%. The storage sector led declines, with SanDisk falling approximately 6% and Micron Technology down about 3%, according to Gate's market data.

Jiang Zhuoer, founder of mining pool BTC.TOP, recently reversed his bearish Ethereum stance and now expects ETH to outperform Bitcoin in the current crypto cycle. He had sold ETH between $1,738 and $1,931 and positioned for further declines, only to close those bets at a loss after Ether moved above $2,000. He later repurchased ETH near $2,100 and said he is now roughly 90% confident the crypto bear market has ended. US spot Ethereum ETFs attracted approximately $220.8 million in inflows as ETH

According to Yuanalyze, U.S. stocks opened weak Monday morning as markets await Nvidia (NVDA) earnings this week and Federal Reserve Chair Kevin Warsh's remarks at Jackson Hole. Recent AI gainers faced profit-taking pressure, with memory storage and optical communications stocks declining sharply. SanDisk (SNDK), Lumentum (LITE), and Coherent (COHR) fell over 5% premarket, while Micron (MU) dropped 3.2%. Separately, steel stocks bucked the trend, with Steel Dynamics (STLD) surging 4.7% and Nucor

According to Odaily, Pharos Network and R25 protocol launched pRNH Vault today (August 24), offering qualified users on-chain access to U.S. high-yield corporate bonds. The vault is backed by NYLIM Anemoy U.S. High-Yield Bond portfolio (HYB), tokenized via Centrifuge, and co-initiated by NYLIM and Anemoy. Users can deposit USDC on Pharos and exchange it for pRNH tokens to indirectly hold HYB assets. The vault targets $100 million in assets under management with an estimated annual yield of 7%, i

According to BlockBeats, HertzFlow, a perpetual futures protocol backed by YZi Labs, launched mainnet trading today (August 24). The protocol added 390,000 WLFI as liquidity rewards for the USD1 Vault, with the incentive program running through August 31 with no deposit cap. Early Genesis participants and testnet active users can access mainnet directly, while new users require an invitation code. The platform currently supports BTC, ETH, and BNB trading pairs, with plans to expand to additional

According to Guru Club, on August 24, Ethylene Glycol 2610 futures surged 3.64%, with prices breaking above 5,500 yuan/ton. Daily trading volume reached approximately 8.57 billion yuan, with open interest increasing 18,900 contracts. The contract extended its winning streak to 14 consecutive trading days.

According to Reuters, Stand With Crypto, a crypto advocacy group backed by Coinbase, endorsed 32 incumbent House members on August 24 for the November U.S. midterm elections. All endorsed candidates previously voted for the Clarity Act, key industry-backed legislation. The organization aims to mobilize its 3 million registered advocates to help secure these pro-crypto lawmakers' reelection. The crypto industry has increased political spending ahead of the 2026 elections, with commitments now app

Gate Event Markets launched its Big Five Leagues Hub on August 24, consolidating fixtures, standings, match events, schedules, and leaderboards into a unified interface for users on Gate App version 8.33 or above. The platform simultaneously introduced an Event Points campaign that distributes scratch cards automatically based on trading volume, with one card issued per 20 USDT on standard Event Markets or per 10 USDT on designated crypto price markets. Scratch cards yield rewards including USDT

Nvidia will report fiscal second-quarter earnings on Aug. 26, with Wall Street expecting approximately $92 billion in revenue, up from $81.6 billion in the first quarter. The company guided for roughly $91 billion, plus or minus 2%, and analysts anticipate net income above $51.5 billion. Nvidia has exceeded earnings estimates for 14 consecutive quarters, though rising expectations are making future beats increasingly difficult.

According to on-chain analyst @ai9684xtpa tracked by ChainCatcher, as of August 24, BIT-associated entities across 10 addresses held over $323 million in ETH and BTC longs with unrealized gains exceeding $41.95 million. Breakdown: 65,977.97 ETH valued at $165 million generated $15.08 million in unrealized gains, while 2,000 BTC worth $158 million produced $26.87 million in unrealized gains. One associated address previously closed a position for $9.897 million in realized gains.

According to BlockBeats, Bitget launched DOS perpetual savings on August 24, offering users up to 20% APR through its "Simple Earn" feature. The campaign runs from August 24, 19:00 to September 23, 19:00 UTC+8, with a per-account purchase cap of 400,000 DOS tokens.

According to a presidential decree published by Russia's government website on Monday (Aug 24), President Putin authorized the government to temporarily take over critical infrastructure deemed unable to adequately protect against Ukrainian drone attacks if they fail to implement required security measures. The targeted facilities include energy complexes, industrial sites, logistics hubs, and communications and utilities infrastructure. The government will determine when to end temporary manage