Gate Crypto Flash News and Market Updates

According to BlockBeats, on August 27, anonymous Q&A gaming platform Chomp completed a $3.6 million funding round led by Jsquare and Blueyard, with participation from Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, and Caballeros. Chomp is a social game that lets users answer questions and predict others' responses to uncover authentic opinions and perception gaps. Beyond consumer gaming, the platform applies its anonymized, labeled opinion data to AI model training and consumer rese

China's coking coal futures main contract rose nearly 2% today to 1,618 yuan per ton. The September 2609 contract surged over 4% to 1,719 yuan per ton. Since the start of August, the contract has climbed more than 45%.

According to Zhuhai Border Control Station, as of August 27, the Hong Kong-Zhuhai-Macau Bridge's Zhuhai road port saw cumulative inbound and outbound passenger flows break 20 million for the year, marking the fastest record since the port's opening. The figure was disclosed by Zhuhai Border Control Station.

According to India's Foreign Secretary Sibi George, Indian Prime Minister Narendra Modi and Russian President Vladimir Putin will hold bilateral talks during the 26th Shanghai Cooperation Organization summit in Bishkek on August 31-September 1. Modi will visit Uzbekistan on August 29-30 before traveling to Kyrgyzstan for the SCO summit.

According to official sources, Trade.xyz launched a Pre-IPO perpetual market for SHEIN on August 27. The market reflects expected pricing per share of SHEIN Global Holdings Limited Class B ordinary shares. SHEIN is scheduled to list on the Hong Kong Stock Exchange on September 1 under ticker 0625, with an IPO price range of HK$47.60 to HK$49.50. After listing, the platform's oracle will convert Hong Kong Dollar share prices to USD based on prevailing exchange rates.

According to the European Union Sugar Market Observatory's latest market dynamics report, EU sugar production for the 2026-27 sugar season is forecast to decline 19% year-over-year to 13.4 million tonnes, down from an estimated 16.6 million tonnes in the 2025-26 season. The EU Sugar Market Observatory's MARS bulletin released on Monday also shows EU sugar beet yields are projected at 72.2 tonnes per hectare for 2026, down 11.5% compared to the previous year.

According to IRGC spokesman Hossein Mohbani, Iran and Oman reached a mutually agreed framework on August 26 regarding control and revenue-sharing of waters in the Strait of Hormuz. However, a senior Iranian official said the two sides remain in negotiations over specific details of the accord.

According to CNBC, Nvidia on Wednesday launched hardware optimizations for leading Chinese open-source AI models, including DeepSeek's V4 Flash and Alibaba's Qwen 3.8. The move aims to secure developers' preference for Nvidia's infrastructure. In its second-quarter SEC filing released the same day, Nvidia warned that potential White House restrictions on supporting applications built on Chinese AI models could materially impact its business.

According to reports from British sources, Persian Gulf oil producers have recently adjusted crude export strategies amid tightening Hormuz Strait shipping security. Measures include expanding existing tanker fleets and modifying transshipment routes. The shift has driven up oil tanker spot prices and charter rates, marking significant changes in the shipping market landscape.

JPMorgan Chase has begun preliminary discussions with potential lenders on a $5 billion debt financing arrangement to fund AI data center construction for Volta Infra Holdings Ltd., according to reports this month. Volta raised $300 million in venture financing earlier this month at a $2.4 billion valuation, aiming to help technology companies access expensive AI chips.

South Korea-based cryptocurrency exchange Bithumb won the first of four lawsuits filed against users who retained mistakenly distributed Bitcoin. The court ruled that approximately 194 million South Korean won, or about $145,000, earned from the sale of the erroneous Bitcoin must be returned to the exchange. The incident originated from Bithumb's February reward distribution campaign when the platform mistakenly sent 620,000 Bitcoin to user accounts, valued at around $5 billion at the time. Bith

According to TIME magazine, Alibaba Group CEO Wu Yongming was selected for TIME 100 AI 2026 on August 27, recognized in the "AI Leaders" category for leading Alibaba as a global AI open-source pioneer. He appears on the magazine's cover as one of the featured figures, alongside SpaceX CEO Elon Musk, Amazon founder Jeff Bezos, and OpenAI co-founder Sam Altman.

According to Jin10, Iran's Parliament Speaker Mohammad Baqer Qalibaf met with Qatar's Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al-Thani on August 27, exchanging views on regional tensions and ways to ease them. Al-Thani stressed the necessity of reopening diplomatic channels, noting that dialogue is the best approach to resolve differences and prevent further regional escalation.

According to Glassnode report released on August 27, Bitcoin has rallied 26% since mid-August lows, with record single-day short liquidations on August 19 serving as the primary trigger. The rebound has been supported by $2.23 billion in cumulative net inflows to U.S. spot Bitcoin ETFs over the period, with no outflows recorded for seven consecutive days—the strongest 7-day ETF inflow so far this year. Glassnode identifies the 81,000 to 86,000 USD range as the current key resistance zone, where

According to ChainCatcher, U.S. clearing and custody firm RQD Clearing completed a $74 million Series funding round led by Bain Capital Tech Opportunities, with participation from ABN AMRO Clearing Bank and Nyca Partners. The funding will expand RQD's operations across North America, Asia, and the Middle East, and accelerate infrastructure development in digital asset custody and asset tokenization. RQD provides post-trade clearing and custody services for brokers, investment advisors, and overs

On Aug. 27, cybersecurity firms CrowdStrike and Okta surged during intraday trading following stronger-than-expected Q2 earnings and raised guidance citing AI-driven security threats. CrowdStrike (CRWD-US) rose 18%, while Okta (OKTA-US) jumped 222%. CrowdStrike CEO George Kurtz stated the security market is experiencing an "arms race" driven by increasing AI-powered attacks, accelerating enterprise spending on cybersecurity solutions. Okta CEO Todd McKinnon noted new products already captured ne

According to UAnalyze, Best Buy reported Q2 revenue of $9.78 billion with same-store sales up 4.1% on August 27, both beating market expectations. The company raised its adjusted full-year EPS guidance to $6.70-$6.90, above analyst expectations of $6.62. U.S. same-store sales grew 4.5%, with online sales up 5.1%, while international business declined 1.8%.

According to the U.S. Energy Information Administration, U.S. natural gas inventories last week increased by 15 billion cubic feet, with a week-over-week gain of 0.47%, reaching 3.18 trillion cubic feet. Bloomberg users had projected an increase of 16 billion cubic feet, while analysts expected 16.22 billion cubic feet.

According to Burlington Stores official earnings report on August 27, the U.S. discount retailer reported Q2 net income of $184.3 million, or $2.88 per share, significantly above the prior year's $94.2 million ($1.47 per share). Adjusted earnings per share came in at $2.37, beating analyst expectations of $2.19. However, revenue reached $3 billion, up 11% year-over-year but slightly below analyst estimates of $3.03 billion, while same-store sales growth of 2% also fell short of the 3% expected.

According to the U.S. Energy Information Administration (EIA), natural gas inventories fell to 15 billion cubic feet for the week ended August 21, down from 16 billion cubic feet in the prior week.