Gate Crypto Flash News and Market Updates

Baidu Cloud recently completed an organizational restructuring. Its Platform Product Business Division was renamed to the Intelligent Agent Business Division, with its MaaS business, Qianfan brand, and related products transferred to the Infrastructure Business Division. The Data Platform Department was renamed to the Data Intelligence Department and moved under the Intelligent Application Business Division, which was formerly known as the Application Product Business Division.

According to Guru Club, copper futures on the darkpool broke below $6.7 on August 29, declining 1.4% intraday.

According to Cnyes, China's A-share market fell on Friday (August 28), with major indices declining across the board. The Shanghai Composite Index (SSE) closed at 3,952.18 points, down 0.11%, while the Shenzhen Component Index fell 0.68% and the ChiNext Index dropped 1.41%. Combined trading volume in Shanghai and Shenzhen markets reached 2.1 trillion yuan.

According to official Circle data, USDC circulating supply increased by $10 billion over the past seven days as of August 27, 2026, reaching $73.7 billion. Total reserves stood at $74 billion, maintaining the 1:1 USD redemption mechanism. Over the 7-day period, Circle issued $11.2 billion in USDC and redeemed $10.2 billion; over 30 days, $33.4 billion was issued and $31.9 billion redeemed, with 30-day net growth of $1.5 billion.

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT) reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The interval began at 211 meters downhole and contained 0.33% copper and 0.039% molybdenum, tracking closely with the company's geological model. A second hole, MD-068, intercepted 544 meters grading 0.45% copper equivalent from 145 meters depth, with stronger alteration and denser

According to Kitco News, spot gold fell below $4,550/oz on Friday (August 29) after the University of Michigan released its August Consumer Sentiment survey showing a final reading of 51.7, better than the consensus forecast of 51 but significantly down from July's 55.2. Spot gold declined to a session low of $4,549.15 shortly after the 10 am ET data release, last trading at $4,556.41 per ounce for a loss of 0.99% on the day. The August survey also showed year-ahead inflation expectations eased

According to Lee Choong-jae, a researcher at Korea Investment Securities, President Donald Trump declared a national emergency regarding the U.S. power grid system on August 26 (local time). The declaration is expected to provide growth opportunities for South Korean secondary battery companies. Lee noted that the measure will completely exclude China from the power supply chain for the U.S. AI industry, reflecting shifting dynamics in technology infrastructure development.

According to iM Securities, WTI crude oil fell to $82.36 per barrel on August 29, down 3.1% from the previous month, as tensions between the U.S. and Iran eased. The decline brought prices close to the $70 level, a threshold analysts say could prompt the Federal Reserve to hold interest rates steady through year-end.

According to Bitcoin.com News, on Aug. 28, 2026, Irish authorities' Criminal Assets Bureau (CAB) transferred 500 BTC worth $38 million from a wallet created on Jan. 23, 2016. The transfer, discovered by btcparser.com and flagged on Arkham Intelligence, marked the first movement of these coins in over 10 years; the same amount was worth only $191,217 when acquired in 2016. The funds are tied to Clifton Collins, a cannabis dealer who forfeited cryptocurrency to Irish authorities years ago. To date

According to Guru Club, Singapore's benchmark stock index fell 1.2% to 5,076.81 points on June 4.

According to Jeffrey Roach, chief economist at LPL Financial, Fed Chair Kevin Warsh's Jackson Hole speech this morning may reveal important policy insights through its footnotes and citations rather than the main text. Roach noted that investors should focus on references to Fed credibility, productivity growth, AI's inflation implications, and Treasury buybacks—topics potentially shaping the new Fed chair's thinking. Roach does not expect Warsh to provide a detailed policy roadmap. "If the spee

According to Korea Exchange data, other corporate entities posted net purchases of 10.1 trillion won on the KOSPI index from August 20 to 28, the seven trading days following SK Hynix's launch of its share buyback on August 20. During the same period, individual investors and foreign investors both showed net selling activity, with the share buyback demand becoming the primary support for the benchmark index.

According to official data from Circle, USDC in circulation increased by 1 billion over the past 7 days ended August 27, with 11.2 billion issued and 10.2 billion redeemed during the period. Total USDC supply stands at 73.7 billion with reserves of approximately 74 billion dollars, comprising 49.6 billion in overnight reverse repurchase agreements on U.S. Treasuries, 13.2 billion in Treasury bills with maturities under 3 months, 10.5 billion in deposits at systemically important institutions, an

According to the Hong Kong Securities and Futures Commission, the regulator added Star Bridge Capital, Star Bridge Capital Group, SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd to its unlicensed company and suspicious website list on August 28. The entities are not licensed or registered to conduct regulated activities in Hong Kong and are prohibited from actively promoting their services to the Hong Kong public.

According to Japan's Ministry of Finance, Japan spent approximately $96 billion defending the yen from April to July 2026 as the currency weakened to historic lows. The April-to-May intervention window alone cost 11.7 trillion yen, roughly $73 billion to $73.5 billion, the largest single-month operation on record. The yen hit 160.725 per dollar on April 30, triggering one of the most aggressive currency defense operations in modern financial history. Japan's single-day intervention on April 30 r

According to CICC analysis on August 29, Federal Reserve Chair Jerome Waller adopted a hawkish stance at Jackson Hole, acknowledging persistent inflation and reaffirming interest rates as the primary policy tool while committing to 'take action as needed.' He pointed to economic resilience, stable employment, and loose financial conditions as evidence that policy risks remain tilted toward inflation. Waller attributed 65 months of inflation overshoots to the Fed itself, correcting July's ambiguo

According to US Treasury Secretary Bessent, Japan—the world's fourth-largest economy—has no debt obligations to the US Treasury. In fact, the financial relationship runs in the opposite direction: Japan is the largest foreign holder of US Treasuries, with holdings estimated between $1.1 and $1.2 trillion, making Tokyo one of Washington's most important creditors. From July 31 to August 1, 2026, the US Treasury and Japan conducted their first coordinated currency intervention in over a decade, wi

According to Kitco News, gold prices fell sharply after the U.S. Bureau of Labor Statistics announced Friday that nonfarm employment was revised down by 79,000 (-0.1 percent) for the year to March 2026. Spot gold dropped to a session low of $4,543.80 per ounce and last traded at $4,564.05, down 0.83 percent on the day.

According to ChainCatcher, Hong Kong Securities and Futures Commission (SFC) designated Star Bridge Capital, Star Bridge Capital Group, SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd as unlicensed companies on August 29, prohibiting them from conducting any regulated activities in Hong Kong or actively promoting services to Hong Kong residents. The designation follows a recent forex trading platform collapse involving abnormal liquidations

According to BlockBeats on August 29, Serenity questioned whether leading AI laboratory valuations have become excessive. The analyst noted that a 10% stake in Anthropic at a projected $2 trillion valuation would represent $200 billion—equivalent to the combined market capitalization of major consumer brands including Nike, Taco Bell, Pizza Hut, KFC, Gap, American Eagle, Levi's, Victoria's Secret, and Cheesecake Factory, with approximately $51.6 billion remaining. Serenity's core observation is