Gate Crypto Flash News and Market Updates

According to Onchain Lens monitoring reported by ChainCatcher, a suspected whale controlled by a single entity accumulated 223,350 HYPE tokens worth approximately $14.83 million over the past two weeks. In recent minutes, two wallets associated with the same whale withdrew 83,630 HYPE tokens valued at roughly $6.69 million from Coinbase Prime.

According to Hanmi Pharma's announcement on August 24, the South Korean pharmaceutical company agreed to license its Phase 1 obesity treatment candidate HM17321 to Roche subsidiary Genentech. The deal is valued at up to $23.05 billion, with a non-refundable upfront payment of $1.9 billion, plus potential milestones and royalties. Market analysts noted the upfront payment represents 8.2% of the total contract value, more than double the typical 4% average for comparable Big Pharma licensing deals

According to Kitco News, Federal Reserve Chair Kevin Warsh said Friday at the Jackson Hole Economic Symposium that inflation remains a bigger concern than the slowing labor market, signaling a tightening bias. Warsh noted the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7%, with the six-month reading at 4.1%. "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed," he said. The remarks triggered gold selling pre

According to Kitco News, spot gold fell sharply to $4,543.80 per ounce on Friday (August 28) following the U.S. Bureau of Labor Statistics' announcement of a downward revision to nonfarm employment. The preliminary benchmark revision totaled -79,000 (-0.1 percent) for the 12-month period through March 2026, while private employment saw a -178,000 revision (-0.1 percent). Spot gold last traded at $4,564.05, down 0.83% on the session.

According to Zangle, a crypto data analytics firm, U.S. spot Bitcoin and Ethereum ETFs saw net inflows of $1.156 billion and $746.7 million respectively during the week of August 21-27. The inflows came as the U.S. Securities and Exchange Commission proposed a new regulatory framework, 'Regulation Crypto Assets,' designed to provide exemptions and conditional safe harbors for crypto investment contracts. Additionally, the U.S. Treasury Department expanded its Treasury buyback program for 10-year

Affirm Holdings reported stronger-than-expected fiscal fourth-quarter results on Friday, with revenue reaching $1.17 billion versus the $1.11 billion estimate, while gross merchandise volume hit $14.1 billion, surpassing the $13.39 billion expectation. CEO Max Levchin told CNBC that high gas prices are weighing on U.S. shoppers, with the national average at $4.09 per gallon as of Friday. "In times of inflation, we see more demand because folks are budgeting," Levchin said, adding that consumers

According to The Sandbox, the platform pledged on Thursday to repay eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained 14.744 million SAND tokens worth approximately $700,000. Users who held bridged SAND on Base or BNB Smart Chain before the attack will receive an equivalent amount of Ethereum-based SAND from The Sandbox treasury, with no new tokens minted. The claims process is expected to open within two weeks and remain open for another two weeks. Two centralized exchanges will

According to Cointelegraph analysis, this week Bitcoin's rally above $80,000 drove crypto stocks soaring, with miners and digital asset treasury companies posting double-digit gains. Bitcoin extended its weekly advance past 23%, while Ether gained nearly 30% to trade above $2,500 over the past week, according to onchain data. Canaan, MARA Holdings and Strive were among the biggest gainers, with Coinbase and Robinhood also rallying. The recovery was fueled by the US Treasury's plan to double cert

According to OneKey CEO Yishi Wang, the open-source wallet provider's security team successfully reproduced a transaction replacement attack against Ledger Ethereum app version 1.22.1. The vulnerability allows attackers to overwrite a transaction waiting for user signature, but requires control over device-host communications through malware or compromised software. Ledger released security fixes on Aug. 13 (app-level safeguards in version 1.22.2) and Aug. 21 (root fix in Secure SDK 26.6.1). "No

According to WSJ, the Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval on Aug. 14. Sheikh Tahnoon bin Zayed Al Nahyan's StringZ Holding RSC owns 49% of WLTC Holdings, which operates the proposed trust bank, while an entity affiliated with US President Donald Trump's family holds 38%. If approved, the trust bank would handle issuance, redemption and custody of World Liberty's USD1 stablecoin under federal supervision. The venture canno

According to Korea Exchange data, Samsung Electronics shares fell 3.38% to 257,000 won on Aug 28, while SK Hynix declined 4.45% to 1.653 million won. Despite current weakness, major securities firms maintained buy ratings, citing Samsung's massive shareholder return plan and competitive advantages in high-bandwidth memory (HBM). Mirae Asset Securities kept a buy rating with a 370,000 won price target, implying 44% upside. Analyst Kim Young-gun noted that current valuations have fallen to pre-AI

BitGo completed the acquisition of NYDIG's institutional trading business on Thursday, Aug 27, according to a company announcement via BusinessWire. The transaction includes NYDIG's institutional client relationships and approximately 30 employees who joined BitGo. The acquired business provides derivatives, structured products, financing and capital markets services to asset managers, hedge funds and institutional companies. BitGo did not disclose financial terms. The sale allows NYDIG to focus

U.S. Secretary of State Rubio announced that a new agreement will bring nearly $100 billion in private investment to Venezuela. The details of the investment framework were not disclosed in his statement.

Salesforce shares jumped 23% on August 27, marking their best single day since 2020, after the company reported revenue growth of 11% and announced a strategic partnership with Anthropic dubbed "Claudeforce." Annualized revenue from Salesforce's Agentforce AI products soared 240% year-over-year to exceed $1.5 billion. Additionally, approximately 22 former Salesforce employees at OpenAI are in talks to return to the company, according to The Information.

According to MarketWatch, Microsoft (MSFT) stock hit a six-day consecutive winning streak on Friday (August 28), marking its longest winning stretch since October 2025. The stock closed up 1.68% at $513.53 per share, with cumulative gains of 6.7% over the six-day period. The rally reflects renewed investor confidence as concerns about artificial intelligence's impact on software companies fade. Over the past month, Microsoft stock has surged 30%, driven by strong second-quarter earnings and impr

According to reports, Dunamu (Upbit's parent company) and Visa signed a partnership on Aug. 27 in San Francisco covering stablecoin payments, cross-border remittances, and AI-integrated financial infrastructure. The deal centers on Open USD (OUSD), a dollar-pegged stablecoin backed by a consortium including Visa, Mastercard, BlackRock and over 140 companies. Dunamu CEO Oh Kyung-seok said the companies will explore how AI, stablecoins, and tokenization can connect digital assets with traditional

According to Guru Club, on August 29, President Trump announced reaching an oil agreement with Venezuela, stating that the US has gained majority control over 65 billion barrels of oil reserves.

According to Yonhap Infomax, on August 28, the USD/JPY exchange rate surged to 160.082 yen in New York afternoon trading, marking the first time above 160 yen since July 31 coordinated intervention by Japan and the U.S. The dollar index (DXY) rose 0.506% to 99.655, the largest single-day gain since mid-June. The rally was driven by Federal Reserve Chair Kevin Wassle's Jackson Hole speech, which was interpreted as hawkish. Market expectations for a September rate hike jumped to over 50%, up more

According to The Verge, Meta rolled out a fix on Friday to address privacy concerns with its AI glasses by closing a loophole that allowed users to cover the recording indicator LED light. The update ensures that the camera will stop working if the LED light is covered during an active recording, according to Meta executive vice president of wearables Alex Himel on Threads. Himel stated that the capture LED can now reliably alert bystanders when photos or videos are being captured. The fix addre

Bullish provided USD.AI with a $100 million stablecoin debt facility on Friday to finance loans secured by GPU infrastructure, the companies announced. USD.AI will deploy the facility to lend to AI infrastructure operators, with loans backed by underlying GPU hardware rather than borrowers' corporate assets. USD.AI is an onchain financing platform by Permian Labs connecting stablecoin liquidity with GPU infrastructure financing demand. Bullish plans to list USD.AI's sUSDai token across multiple