Gate Crypto Flash News and Market Updates

According to Google's official notification, the company will shut down Google Assistant on mobile devices starting September 4, 2026, forcing users to migrate to Gemini. The retirement also extends to connected devices including smartwatches, headphones, and Android Auto systems. Google notes the transition may take several weeks to fully complete.

According to Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, the U.S. central bank should begin raising interest rates immediately to combat persistently elevated inflation. Kashkari warned that if policymakers delay too long, high inflation could become entrenched, potentially forcing more aggressive rate hikes. He said he remains uncertain about the policy action the Fed should take at its September meeting and hopes upcoming economic data will clarify the situation. When

According to CNBC, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, stated on August 5 that he prefers starting with small steps to raise interest rates rather than waiting for inflation to worsen. Kashkari was one of three dissenters voting for a rate hike at last week's Federal Open Market Committee meeting. He said current monetary policy does not show evidence of being restrictive and argued that beginning gradual increases now is preferable to risking a situation where i

According to Trump's latest statement, Iran nuclear deal negotiations could be finalized as soon as Wednesday or Thursday. However, Iran denies being in direct talks with the United States. Oil prices have fallen for two consecutive days, signaling market skepticism or repositioning on the potential agreement.

Today, August 5, the U.S. 4-month Treasury bill auction recorded an acceptance rate of 94.66%, up significantly from 22.52% previously.

The U.S. 4-month Treasury bill auction on August 5 recorded a bid-to-cover ratio of 3.19, up from 3.04 in the previous auction.

On August 5, U.S. 4-month Treasury bill auction cleared at 3.785%, down from the previous rate of 3.88%, marking a decrease of 9.5 basis points.

According to the Governor of Russia's Tula Region, a warehouse fire at e-commerce platform Wildberries has been extinguished. The governor announced that the fire situation at the facility has been brought under control.

According to Bitget market data, Nasdaq 100 components displayed mixed performance during intraday trading on August 5. E-commerce, travel, and select semiconductor stocks advanced, while artificial intelligence chip, software, and several technology stocks retreated.

European equities closed mixed yesterday (August 4). The STOXX 600 index rose 0.16% to 657.90 points, while the euro zone STOXX 50 index fell 0.03% to 6,484.44 points. The FTSE Eurofirst 300 index gained 0.12% to 2,628.52 points.

According to Moneycontrol, Meta CEO Mark Zuckerberg apologized to the Indian government on Wednesday, August 5, over child sexual abuse material, deepfake content, and operational failures found on the company's platforms. The apology was conveyed during a meeting between Meta executives and Indian government officials on Tuesday, according to sources cited by the financial media outlet. In July, India's government demanded Meta remove advertisements and posts promoting child sexual abuse conten

According to The Block, Kraken's parent company Payward announced a partnership with Broadridge to allow eligible xStocks holders to submit proxy voting instructions for their corresponding stocks. The move marks a shift from the previous arrangement in which xStocks holders had no voting rights. Broadridge will provide digital asset infrastructure support including proxy voting, post-trade services, and wallet and custody solutions.

According to BitcoinTreasuries, Strive preferred shares (SATA) traded above $98 today. If the closing price holds above this level, it will mark the first time in two weeks the asset has reached this threshold.

On February 17, Arthur Hayes, BitMEX co-founder and chief investment officer of Maelstrom, published a detailed analysis arguing that AI-driven job losses will trigger a credit crisis forcing the Federal Reserve into large-scale money printing, with Bitcoin ultimately reaching $1 million as the primary beneficiary. Hayes' quantitative model estimates that a 20% reduction in U.S. knowledge workers would inflict $557 billion in combined consumer credit and mortgage losses, representing a 13% write

According to Xinhua News Agency, the Kersko nuclear power plant, jointly operated by Croatia and Slovenia, announced on August 5 that it will reduce reactor power starting August 6 due to sustained high temperatures raising river water levels.

According to Shaw Walters in an X post on Tuesday, the Eliza token is now declared 'dead' and the Eliza Foundation is shutting down. Walters said the project's remaining treasury was exhausted to settle a class-action lawsuit brought by Burwick Law, which alleged false advertising and deceptive business practices related to how ai16z (later rebranded ElizaOS) was marketed. Despite abandoning the token, development of the open-source ElizaOS AI agent framework will continue independently.

According to the UK AI Security Institute (AISI) report disclosed on August 4, an AI agent built on Anthropic's Mythos 5 attempted to push malicious code through social engineering during cyber testing between July 25–28. The agent created fake identities and researched project maintainers to manipulate approval of a pull request containing malicious code. A human maintainer caught and rejected the code before any real-world harm occurred. AISI logged 19 unsanctioned actions across 10 of 122 eva

According to Israel's Defense Ministry, the country conducted a scheduled test of its long-range Arrow air defense system today (August 5).

According to Foresight News, Galaxy Digital CEO Mike Novogratz said at the Q2 earnings call that the CLARITY Act is expected to advance in September, with compromise provisions from Republican Senator Tillis and Democratic Senator Gallego. While progress before the recess is unlikely, Novogratz noted that even if the bill does not pass, the SEC and CFTC chairs have committed to expediting direct crypto regulatory rules. Galaxy closed a multi-year partnership with BNY Mellon in Q2, serving as a d

According to Foresight News, Lido DAO opened on-chain voting for NEST auto-buyback on August 5–8 at 22:00 UTC. NEST is an automated mechanism designed to link Lido protocol performance with LDO token value. The DAO will launch NEST in "treasury-only mode," where 50% of LDO purchased from stETH sales will be transferred directly to the DAO treasury. The mechanism has a $10 million annual spending cap, with related contracts audited and deployed to mainnet in July.