Gate Crypto Flash News and Market Updates

According to Jin10 data on August 31, Pakistan stated that 6 to 7 Muslim-majority nations are interested in joining the Mecca Joint Defense Pact. Senior diplomats from Pakistan, Saudi Arabia, and Turkey met in Istanbul on Monday to discuss security and military cooperation. Pakistan's Foreign Minister Ishaq Dar said officials are developing a framework to ease accession by other countries, though he did not disclose their names. Bangladesh is the latest nation to express interest in the agreemen

According to the Hong Kong Monetary Authority, deposits held by licensed institutions in Hong Kong rose 0.9% in July 2026, with both Hong Kong dollar and foreign currency deposits each increasing 0.9%. Year-to-date through July, total deposits grew 5.8%, while Hong Kong dollar deposits rose 6.2%. Hong Kong yuan deposits increased 2.9% in July to reach 1.1254 trillion yuan.

According to ICE data, Dutch wholesale natural gas prices rose 5.1% recently to €70.10 per megawatt-hour, marking the highest level since March 19.

According to Digitalasset, on August 31, South Korea's National Tax Service plans to introduce a commercial tracking program used by domestic and international investigation agencies to monitor fund flows between digital asset wallets, aiming to close taxation gaps on personal wallet holdings. The government clarified that any gains from transfers or lending of digital assets held in personal wallets or overseas exchanges are subject to taxation. Overseas exchanges will be addressed through the

According to BlockBeats, SHEIN Pre-IPO contract on Hyperliquid plunged nearly 15% on August 31, touching a low of $5.46 and breaching the IPO price range of HK$47.6–49.5 per share, currently trading at $5.6 (approximately HK$43.9). SHEIN is scheduled to list on the Hong Kong Stock Exchange on September 1 with a valuation of $27 billion, offering approximately 280 million shares with a maximum fundraising target of about HK$138.6 billion ($17.7 billion).

According to Yonhap Infomax, on August 31, Samyang Corporation received exemption from antitrust penalties related to starch and corn syrup price-fixing, while CJ Group was ordered to pay 2.34 trillion won in fines by October 29. The fine represents 21.34% of CJ's equity as of end-2025. Samyang's original penalty of 210.3 billion won was waived under Korea's leniency program for self-reporting cartel violations.

WTI crude oil and Brent crude oil both rose more than 3% intraday on August 31, trading at $85.25 per barrel and $90.62 per barrel, respectively.

According to Yonhap Infomax, SK Ecoplant signed a stock purchase agreement with the Deoshan Consortium on August 31 to divest its entire 35.62% stake in SK Ocean Plant for approximately 410 billion won. The company will use proceeds to strengthen its semiconductor and AI infrastructure solution businesses, including semiconductor materials and industrial gases, as well as to improve its financial structure through debt repayment.

As of August 2026, The New York Times has invested over $20 million in its copyright lawsuit against OpenAI and Microsoft, with the case still in discovery phase. According to the publication, the legal battle centers on whether the tech companies unlawfully used millions of articles to train generative AI models. NYT Publisher A.G. Sulzberger emphasized the company is not opposed to AI but rather the emerging business model in which tech firms freely use news, books, music and films as training

On August 31, Rosatom CEO Likhachev stated that the Zaporizhzhia Nuclear Power Plant has operated solely on its backup diesel generators for 11 consecutive days, with the facility's situation described as concerning.

According to Riksbank Deputy Governor Jansson, Sweden's inflation started on a positive trajectory this summer, but unexpectedly elevated inflation readings have created uncertainty about the outlook ahead. The central bank official did not provide specific forecasts or policy implications in the statement.

According to GME data, Oman crude oil's official price for October reached $87.84 per barrel, up $11.48 from $76.36 per barrel in September.

On Aug 31 at 4:30 PM Beijing time, the onshore yuan fixed at 6.7198 against the U.S. dollar, rising 6 pips from the previous day's official close and gaining 109 pips from the previous night's settlement.

Jack Yi, founder of Liquid Capital, expressed a bullish outlook on Bitcoin on August 31, targeting a retracement toward $75,500 as a favorable entry opportunity for renewed long exposure. Bitcoin was trading at approximately $78,196, with a 24-hour intraday range of $77,320 to $79,340, according to market data. Meanwhile, Ki Young Ju, chief executive of CryptoQuant, declared the end of Bitcoin's 2026 bear market after the firm's Bull/Bear Market Cycle Indicator registered a positive reading of 0

According to Gate data, USD/JPY fell to 159.494 on August 31, down 0.4% from the previous trading session close.

According to Rida Futures research on August 31, the EC2610 container shipping index fell 5.9% week-over-week, with the SCFIS Europe route settlement rate index dropping to 3,047.62. The decline comes as U.S. military strikes on Iranian Revolutionary Guard targets on the night of August 30 briefly supported rates amid renewed geopolitical tensions. Major carriers have adjusted pricing, with Maersk cutting rates by $200–300 to $4,300–4,400 per 40-foot container; actual freight rates have softened

According to China Council for the Promotion of International Trade, the 2025 Brazil Business Environment Report was released on August 31. The report showed that 71.4% of surveyed Chinese enterprises rated Brazil's business environment as favorable, while 73% of these firms plan to strengthen supply chain-based cooperation with Brazilian companies.

According to Kazakhstan's presidential website, President Tokayev on August 31 appointed Yerlan Kalin, first deputy chief of the presidential staff, to the position of vice president. The appointment was approved by the parliament's Kurultai during a session held the same day, according to Kazinform.

According to Asia Economy, a Korean corporate governance forum held on August 31 highlighted structural governance risks as preferred shares on domestic markets trade at an average 45% discount to common shares. Data shows 114 preferred shares are listed with a combined market capitalization of 200 trillion won, with companies like Samsung Electronics, Hyundai Motor, and Doosan experiencing discounts of 25%, 50%, and 63%, respectively. Analysts attribute the gap to concentrated shareholding stru

According to Sberbank deputy chairman Anatoly Popov, Russia's largest bank predicts regulated crypto exchanges will process 4 trillion rubles ($464 million) in trading volume in the first year after the new regulatory framework takes effect on September 1, 2026. The framework, signed by President Putin in early August, is projected to grow to approximately 7.5 trillion rubles ($871 million) by 2029. Retail investors face an annual purchase limit of 300,000 rubles ($3,700) for the most liquid cry