Gate Crypto Flash News and Market Updates

According to PANews, Chinese memory chipmaker Longsys (江波龙) priced its Hong Kong IPO at HK$240.6 per share on August 31, planning to raise approximately HK$62.8 billion (US$9.3 billion) from the offering of 26.08 million H-shares. With the exercise of over-allotment options, total fundraising could reach up to HK$71.4 billion (US$10.6 billion), implying a company valuation of approximately 167.72 billion yuan (US$24.9 billion). Longsys plans to allocate the proceeds to chip design and advanced m

According to BlockBeats, on August 31, U.S. Treasury Secretary Jeremy Bessen stated that the U.S. will continue to maintain pressure on Iran.

According to BeInCrypto, Coinbase CEO Brian Armstrong said on-chain reputation could replace FICO scores, which currently govern 90% of top lending decisions in the U.S. Armstrong noted that public blockchains can record repayment history, wallet age, and counterparty behavior, allowing any lender to access the same on-chain record. Ethos Network already scores wallets through mutual user endorsements, and the lending app Credifi offers unsecured loans up to $3,000 to wallets scoring 1,800 point

According to LS Securities on August 31, the South Korean brokerage cut SK Hynix's target price to 2.4 million won from 3.3 million won, citing lower-than-expected HBM operating margin estimates. The analyst lowered next year's high-bandwidth memory operating profit margin forecast to approximately 60% from 80%, driven by Samsung Electronics' HBM4 entry intensifying competition and eroding SK Hynix's premium pricing. The brokerage maintained a buy rating despite the revision.

According to BlockBeats, OpenAI disclosed on August 31 that ChatGPT's advertising business has reached $1 billion in annualized revenue.

According to the Saudi Ministry of Communications and Information Technology, on August 30, Saudi Minister Abdullah Al-Swaha stated that China's tech sector shows strong momentum and the kingdom values its partnership with China. Swaha expressed willingness to further expand cooperation with Chinese tech companies.

According to BeInCrypto, JFrog has disclosed a critical vulnerability in Artifactory (CVE-2026-82329) with a CVSS score of 9.8, requiring no authentication to exploit and posing significant supply chain attack risks. OpenAI's model independently discovered nine zero-day flaws in Artifactory during testing in July.

China's commodity futures rose broadly in overnight trading on August 31, with ethylene glycol (EG) leading gains at over 4%, followed by bottle-grade polyester (PET), SC crude oil, methanol, fuel oil, and propylene all climbing over 3%. Pure benzene and styrene (EB) gained over 2%. On the downside, Shanghai silver fell over 2%, Shanghai gold declined nearly 2%, pulp dropped over 1%, and rapeseed meal and cotton yarn each retreated nearly 1%.

According to Fortune, British serial entrepreneur Timothy Armoo stated in a recent interview that the current era is the easiest time in human history to accumulate wealth, particularly through AI-powered ventures. Armoo criticized Gen Z for using "poor job markets" and "AI replacing jobs" as excuses for inaction, noting that tools like ChatGPT and Claude are nearly free to use. Armoo, who built his fortune from scratch, sold his influencer marketing agency Fanbytes for an eight-figure sum at ag

According to Odaily, Bitcoin options markets are showing significant bullish bets on reaching $100,000 in the final four months of 2026, with call options in the $80,000 to $100,000 strike price range holding billions of dollars in notional open interest. Bitcoin surged 23% in August amid concerns over U.S. debt levels, as market participants increasingly view the cryptocurrency as a hedge against fiscal deterioration.

According to Odaily, the S&P 500 held near its 7,800 peak in late August, staying within 2% of its all-time high, even as market breadth remained weak and trading volumes shrank. However, analysts warned that the apparent calm masks rising tension: Treasury yields are climbing and Nvidia's valuation disconnect signals a potential market inflection point. Market strategist Michael Santoli noted that multiple key indicators are stretched. On individual names, Nvidia (NVDA) faces an awkward valuati

According to Reuters, Yorkville America, the asset manager overseeing Trump's Truth Social-branded ETF products, launched its first MANGOS Plus Index ETF on Monday, listing on both NYSE and NYSE Texas. The ETF tracks companies including Meta, Anthropic, Nvidia, Alphabet, OpenAI, and SpaceX. Yorkville CEO Steve Neamtz said this marks the company's entry into digital assets and crypto products. The firm is also nearing completion of an institutional asset management acquisition expected in Septemb

According to the European Commission, EU member states have met their deadlines and completed all reforms and investments specified in their national recovery and resilience plans today (August 31). The Commission has disbursed 440 billion euros to date, with an additional 133 billion euros to be distributed in coming months.

According to BlockBeats, on Aug 31, U.S. 10-year Treasury yield rose to 4.75%, reaching its highest level since January 2025.

According to The Motley Fool columnist Neil Patel, the S&P 500 has gained 13% year-to-date as of August 28, 2026, despite persistent market uncertainty. Two major concerns are driving investor anxiety: the Federal Reserve's monetary policy following Kevin Warsh's appointment as chairman in May, with potential rate increases possible by year-end, and the sustainability of the AI rally, given that the "Magnificent Seven" tech stocks now represent roughly one-third of the S&P 500's weight. Patel no

According to NextTrade, on August 31, the South Korean exchange introduced enhanced stability measures for its pre-market trading, effective September 14. The exchange will implement a new static volatility interruption (VI) mechanism that triggers when a security moves more than 10% from the previous closing price or benchmark price. When either static or dynamic VI activates, trading halts for two minutes while orders accumulate, after which the exchange executes trades at a single unified pri

Europe's High Performance Computing Joint Undertaking has selected French supercomputing company Bull to build the LUMI-AI artificial intelligence supercomputer, deployed at CSC's data center in Finland. The system will feature AMD Instinct MI430X GPUs paired with 6th-gen EPYC processors with 256 cores, delivering 2x higher HPC performance and 10x greater AI performance compared to the existing LUMI system. The system is expected to become operational in H2 2027.

According to Lookonchain, over the past two months, Strategy—the entity controlled by Michael Saylor—sold 6,916 BTC at an average price of approximately $62,081, generating $429 million in proceeds. The entity subsequently repurchased 4,603 BTC at around $80,300, spending approximately $370 million. The trading sequence resulted in an unrealized loss of about $84 million.

Japan's Ministry of Economy, Trade and Industry announced on August 31 its intent to establish a nuclear waste repository in a city near Tokyo to handle high-level radioactive waste from nuclear power plants.

According to Renaiss, on August 31, the BNB Chain-based tokenized collectibles protocol announced that its platform Renaiss.xyz reached $30 million in cumulative revenue. The protocol also launched "Proof of Fair," the first standard in its Renaiss Improvement Proposal series, providing a publicly verifiable method for blind box and collectible random draws. Renaiss.xyz will be the first platform to apply this standard. The verification method allows users to check through transaction hashes whe