Gate Crypto Flash News and Market Updates

According to Iranian state media Fars News on August 30, Iran disputed U.S. President Trump's oil agreement with Venezuela, stating the deal would produce only 63 billion barrels of heavy crude over 100 years—translating to daily output less than half of Iran's current production and just 8% of normal Strait of Hormuz export volumes. The same day, Democratic Senator Elizabeth Warren criticized Trump over the Iran conflict, suggesting oil companies close to the administration benefit from the war

According to DefiLlama, Pons generated $693,125 in protocol revenue over the past 24 hours, surpassing both Polymarket ($635,221) and fomo ($646,539) to rank 8th among all protocols, just behind Hyperliquid ($758,325).

According to Bank of America chief investment strategist Michael Hartnett, contrarian investors are closely monitoring two potential catalysts that could trigger a shift to defensive assets as bullish consensus reaches extreme levels. The first signal is an easing of U.S.-Iran tensions coupled with further oil price declines, which could spark a wave of short-selling in risk assets. The second is the outcome of the U.S. mid-term elections, particularly whether Republicans lose Senate seats or th

According to Ki Young Ju, CEO of Cryptoquant, on Aug. 27, the peak of bitcoin's current bull cycle will likely be driven by institutional capital and exchange-traded funds (ETFs) outside the United States. Ju highlighted South Korea as an example of untapped markets, noting the country has no spot bitcoin ETF and retail investors cannot access foreign-listed spot bitcoin ETF products. He illustrated the opportunity: "This cycle's top might be when a banker at a regional bank in Korea recommends

According to ChainCatcher, Bitcoin spot ETF recorded net outflows of $202 million on Friday (August 29), ending a nine-day streak of consecutive inflows. Ethereum spot ETF maintained its strength, continuing net inflows of $102 million. Trader Jiang Zhuoer sold 50% of his ETH spot holdings during the market decline, citing the current downturn as a potential test of the rally's resilience.

IonQ finalized its $1.8 billion acquisition of SkyWater Technology on July 31, creating a vertically integrated quantum computing platform that combines semiconductor design, fabrication, and advanced packaging. SkyWater, a pure-play semiconductor foundry, generated approximately $442 million in revenue in 2025, with quantum-related services growing 30% during that period. Under the deal, SkyWater shareholders received $15 in cash plus 0.4883 IonQ shares per share held, totaling roughly $741 mil

According to the Texas Lottery Commission, a $1 million Powerball ticket sold at Circle K store #2704686 (6107 W. Parmer Lane, Austin) expired on August 1, 2026, after the winner failed to claim the prize within the 180-day deadline. The ticket, purchased for the February 2, 2026 drawing, matched all five white balls—3, 8, 31, 60, and 65—but missed the red Powerball number 4. Under Texas Lottery rules, unclaimed prizes are now set to revert to state-authorized programs authorized by the Texas Le

According to Foresight News, crypto trading application fomo will support Arc on the blockchain's launch day. fomo co-founder Se Yong Park announced the commitment on social media.

According to ChainCatcher, Russia's largest bank Sberbank plans to expand its crypto loan collateral offerings to include Tether's USDT stablecoin and Ethereum, currently limited to Bitcoin. The expansion will proceed after Russia's new crypto law takes effect on September 1, pending Central Bank approval. Russia's President Putin signed the crypto legislation on August 4. The Central Bank proposed on August 11 that Bitcoin, Ethereum, and USDT be permitted for trading on regulated exchanges, cit

United Airlines will resume service between Tel Aviv and San Francisco on March 27, 2027, with three weekly flights.

According to Russian officials, Ukrainian forces launched an attack on Russia-controlled Lugansk region on August 30, killing 1 person.

According to Nick Timiraos, Fed Chair Powell's Friday speech shifted the central bank's default policy stance from holding rates steady to raising rates. Former Fed Vice Chair Don Kohn stated that Powell has "changed the original assumption," with the new logic being that the Fed will raise rates unless data shows it is unnecessary. The final decision will depend on economic data before the September meeting, particularly the August CPI report due September 11. If data supports action, the Fed m

According to a PR Newswire announcement, Bullish extended a $100 million debt facility to USD.AI this week for GPU-backed AI loans. The NYC-listed institutional crypto platform plans to leverage the funds for loans to businesses building artificial intelligence and related infrastructure, with borrowers using their GPUs as collateral. Bullish's shares have climbed 44% over the past month as the company bets on tokenizing real-world assets onchain.

According to The Information and CNBC, the Trump administration is drafting new rules targeting Chinese AI companies remotely accessing advanced American chips through overseas datacenters. The policy aims to close a gap in existing export controls that currently track chip shipments but not remote compute access. White House official Michael Kratsios named Moonshot AI in July for using GB300 chips at a Thai datacenter. Chinese firms including ByteDance, Alibaba, and Tencent reportedly use simil

According to the American Automobile Association, U.S. gas prices have surged by approximately $1.25 per gallon in August 2026 due to geopolitical tensions linked to the Iran conflict, as reported by @MarioNawfal. The national average price of regular gasoline currently stands at $4.081 per gallon, up significantly from $3.2013 one year ago. The additional cost translates to roughly $560 annually for the average American driver.

According to Chainalysis, an attacker drained Jaredfromsubway.eth's sandwich bot of $7.5 million in June 2026 using 66 fake token contracts mimicking WETH, USDC, and USDT. The bot's automated arbitrage logic approved token-spending permissions to malicious contracts, which then swept the bot's real holdings before laundering proceeds through Tornado Cash. None of the funds have been recovered. Despite the attack, the bot had extracted over 117,007 ETH (approximately $295 million) from trades sin

According to the Reuters Econ World podcast, in late August, US Treasury Secretary Scott Bessent announced plans to double the size of regular buyback operations from $2 billion to at least $4 billion per operation, effective September 9. The 10-year Treasury yield stands at approximately 4.73%, while the 30-year yield reached roughly 5.3%, its highest level in 19 years. Bessent's buyback program aims to reduce the supply of long-term bonds in circulation by issuing more short-term debt while si

According to Bitcoin.com News, crypto markets ended Aug. 29 flat at approximately $2.73 trillion after volatile trading throughout the week. Solana (SOL) led altcoin gains following Charles Schwab's announcement to add SOL alongside AVAX and LINK to its crypto accounts, while Dogecoin (DOGE) fell 7.2% and XRP declined nearly 7%. Bitcoin posted a modest 1% weekly gain, reclaiming $78,000 by Saturday after dipping below $77,000 following Federal Reserve Chair Kevin Warsh's Jackson Hole address. Co

According to CryptoQuant, Bitcoin miners' holdings dropped to 1.191 million BTC on August 29, down 265 BTC from a week earlier—the lowest level in two weeks. The decline indicates miners are actively selling, lending, or pledging their mined Bitcoin. Bitcoin's 7-day average hash rate fell to 899.49 million TH/s on August 28, down 16.665 million TH/s from the previous week, suggesting reduced mining activity.

According to Digital Asset, on September 1, ThunderCore Foundation is ending its mainnet operations and migrating to Binance Smart Chain (BSC). Upbit, South Korea's major exchange, will simultaneously halt support for TT trading and TT withdrawals via the ThunderCore network, accelerating its originally planned September 14 deadline. The same week, KITE will unlock 109.26 million tokens on September 1 at 9 a.m., bringing circulating supply to 2.559 billion from 7.46 billion locked as of August 2