Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
04:42

Steak 'n Shake Declares Itself a Bitcoin Company as Q2 Same-Store Sales Jump 13.8%

On Aug. 30, Steak 'n Shake declared itself a bitcoin company, more than 15 months after it began accepting cryptocurrency payments at its restaurants. Parent company Biglari Holdings Inc. (NYSE: BH) reported 13.8% same-store sales growth for domestic company-operated and franchise locations in the second quarter of 2026. The company stated: "From the moment we started accepting bitcoin payments, Steak n Shake has produced the best same-store sales in the fast food industry."
BTC-0.77%
04:41

KOSPI Falls 1.71% on August 31, Recovers to 6,600 Level After Retail Bargain Buying

On August 31, South Korea's KOSPI index fell 115.92 points, or 1.71%, to trade around the 6,600 level. The benchmark equity index declined in early trading, sliding to the 6,500 level amid concerns over potential U.S. Federal Reserve rate hikes and continued weakness in semiconductor stocks. However, retail investors' bargain-buying interest helped narrow losses by the early afternoon session.
04:41

Nepal Mudslide Death Toll Reaches 903 as of August 31

According to Nepal's National Disaster Risk Reduction and Management Authority, the death toll from mudslides in Nepal has risen to 903 as of 9 a.m. local time on August 31 (11:15 a.m. Beijing time), with 4,247 people reported missing.
04:40

U.S. Stocks Slip on Friday as Warsh Signals More Work Needed on Inflation

According to reports, on Friday, Aug. 29, U.S. stocks declined as Federal Reserve Chair Kevin Warsh reiterated the 2% inflation target at the Jackson Hole Global Central Bank conference and signaled that further policy action may be needed if inflation does not show clear progress toward the target. The S&P 500 fell 0.25% to 7,711.76, the Nasdaq Composite dropped 0.52% to 26,402.42, and the Dow Jones Industrial Average edged down 0.02% to 53,559.99. Traders increased bets on a September rate hik
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04:37

Top-Performing Investors Accumulate Samsung Electronics, SK Hynix Amid Morning Selloff on August 31

According to MiraeAsset Securities, the most active investors—those in the top 1% by returns over the past month—accumulated Samsung Electronics and SK Hynix most heavily on August 31 through 11 a.m., despite semiconductor weakness. Samsung Electronics traded down 1.90% at 1.394 million won, while SK Hynix fell 2.00% to 1.62 million won. The buying interest reflects expectations for demand expansion in AI servers, with Samsung Electronics commanding two consecutive days of top accumulation posit
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04:37

Michael Burry Buys Beaten-Down Stocks, Shorts AI Favorites in August; Long Bets Average +0.8%, Shorts +11.9%

According to StockTwits, investor Michael Burry in August purchased undervalued stocks including MercadoLibre (MELI), Zoetis (ZTS), Lululemon (LULU) and Molina Healthcare (MOH), while expanding shorts against Palantir (PLTR), Nvidia (NVDA), Oracle (ORCL), Micron (MU) and Nebius (NBIS). His 17 tracked long holdings rose an average of 0.8% for the month, with Veeva Systems (VEEV) leading at +35.8% and Adobe (ADBE) gaining +16.4%. His 10 tracked short positions climbed an average of 11.9%, with Pal
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04:37

SLS Stock Rises 2% Overnight as Healthcare Execs Tout AML Drug GPS as 'Game Changer'

According to LinkedIn comments, healthcare executives publicly praised Sellas Life Sciences' galinpepimut-S (GPS) as a 'game changer' for acute myeloid leukemia (AML) treatment overnight on August 30, driving SLS stock 2% higher. Michael Anglestein, a senior respiratory biologics sales specialist at AstraZeneca, highlighted the ongoing REGAL Phase 3 trial, noting it had run for 5.5 years with no futility signals and minimal side effects. Johnson & Johnson product director Michael Frascello also
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04:33

Supertanker Hit by Two Naval Mines, Catches Fire in Strait of Hormuz on August 31

According to Iran's Islamic Revolutionary Guard Corps, a supertanker was struck by two naval mines and caught fire in the Strait of Hormuz today (August 31), the Iranian state television reported. The vessel halted navigation after being hit. The IRGC stated the tanker was attempting to pass through the southern section of the Strait of Hormuz illegally, and emphasized that ships must comply with its regulations for transit through the waterway.
04:33

China Issues Navigation Warning for South China Sea Live-Fire Drill Through September 5

According to China Maritime Safety Administration, the Maoming Maritime Safety Administration issued a navigation warning on August 31 for live-fire training exercises in parts of the South China Sea from August 31 to September 5, 2026. The restricted zone will be in effect daily from 1 p.m. to 6 p.m., and entry is prohibited during these times.
04:33

U.S. Strikes Iran Over Hormuz Mining Threat Aug. 30; Brent Crude Cracks $90

According to U.S. Central Command, on Aug. 30, the U.S. military struck Iranian Islamic Revolutionary Guard Corps launchers preparing sea mines for deployment in the Strait of Hormuz. CENTCOM stated the operation was preemptive, aimed at blocking an imminent threat to shipping lanes recently cleared of Iranian mines. Gen. Hossein Mohebi of the IRGC called the strike a "fatal mistake" and vowed military retaliation. Brent crude briefly touched $90 on Sunday evening, up 1.7% to 2% from Friday's cl
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BTC-0.77%
04:33

5.2 Magnitude Earthquake Strikes Southern Philippines on August 31

According to the Philippine Institute of Volcanology and Seismology, a 5.2 magnitude earthquake struck the seafloor near Surigao del Norte province, Mindanao, southern Philippines, on August 31 at 12:04 p.m. The earthquake had a depth of 10 kilometers and is not expected to cause significant damage.
04:32

Nvidia Tops $96.2B Q2 Revenue, Truist Raises Price Target to $346 Amid AI Surge

According to earnings reports and analyst upgrades on Aug. 26, Nvidia reported fiscal Q2 revenue of $96.2 billion, up 106% year-on-year and exceeding Wall Street's $92.2 billion expectation. Data center sales jumped 117% to $89 billion. Truist raised its price target to $346 from $307, saying sales could grow 100% next year despite potential supply constraints. CrowdStrike posted Q2 revenue of $1.47 billion, up 26% year-over-year, with new annual recurring revenue reaching $332.8 million. Argus
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04:32

HNT Drops 11.13% to $0.663 in Last Hour, Despite 28.88% Surge in 24 Hours

Helium (HNT) dropped 11.13% in the last hour, bringing its price to $0.663309, according to market data. The decline follows a robust 28.88% increase over the past 24 hours, with trading volume reaching $191,026,899. HNT traded between a high of $0.972542 and a low of $0.656491 within the same period. The token's market capitalization stands at $123,779,375.
HNT27.07%
04:31

Asian Refiners Boost Argentine Crude Imports as Iran War Disrupts Middle East Supply

According to Jin10 and market sources, Asian oil refiners have increased purchases of Argentine Medanito crude oil in recent weeks amid supply disruptions in the Middle East caused by the Iran conflict. Refineries in Japan and South Korea have purchased the crude, with at least one cargo loaded earlier this month. Medanito crude quality is comparable to WTI crude oil. U.S. crude oil sales to Asia for September shipment have surged approximately 64% since the war began. Argentina currently export
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04:31

Ferry Capsizes in Northern Cyprus Waters: 8 Dead, 17 Missing on August 30

According to CCTV, a passenger ferry capsized in northern Cyprus waters on August 30 afternoon, leaving at least 8 people dead and 17 missing. Among the approximately 250 passengers and crew on board, 242 were rescued. The ferry captain and several crew members were arrested. According to the captain's statement, the vessel began taking on water shortly after departure, and capsized while the captain was attempting to return to port. The wreck lies at a depth exceeding 500 meters; authorities ar
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04:31

Dell Set to Report Q2 Earnings Next Tuesday; Options Market Prices in ~10% Stock Swing

According to Investopedia, Dell Technologies (DELL) is expected to report second-quarter earnings next Tuesday after the close. Option prices signal traders anticipate the stock could swing as much as 10% by the end of the week, potentially reaching $506 or falling to $413 from Friday's close of $456.24. Analysts tracked by Visible Alpha project Q2 revenue of $451.9 billion, up over 50% year-over-year, with adjusted earnings per share at $4.91, more than double the prior-year quarter. The averag
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