Gate Crypto Flash News and Market Updates

According to ChainCatcher, Strategy's cash reserves reached $66.9 billion on August 26, bringing the bitcoin treasury company's net leverage near zero as its dollar assets nearly match its $67.5 billion outstanding convertible debt. The company's preferred stock STRC rebounded over 35% since June lows to $97.23 per share, driven by continuous buybacks and bitcoin's rise to near $80,000. In May, Strategy repurchased $1.5 billion of convertible bonds due 2029 to reduce debt burden.

Tesla responded on August 26 to recent rumors about "FSD's hopeless entry into China" by stating the claims were false and that it has filed a police report. The company emphasized that its data center is operating normally and recruitment for its assisted driving program is accelerating, with all related work proceeding smoothly.

According to Coinglass data, Binance recorded net outflows of $41.08 million USDT over the past hour.

According to an order entered Tuesday, Judge Katherine Polk Failla of the Southern District of New York postponed Roman Storm's retrial to April 26, 2027, as Storm's motion for acquittal remains undecided. A Manhattan jury convicted the Tornado Cash developer in August 2025 of conspiring to operate an unlicensed money transmitting business but deadlocked on conspiracy to commit money laundering and conspiracy to violate U.S. sanctions. The two retried counts carry a combined maximum of 40 years.

According to RootData's latest data, HTX, BingX, and OrangeX recorded the highest 24-hour volume-weighted bid-ask spreads among major stock derivatives exchanges, at 0.856%, 0.332%, and 0.258% respectively. Higher spreads typically indicate increased trading costs for users.

According to BlockBeats citing HTX data, HYPE broke through $83.6 on August 26, marking a new all-time high. The token gained 2.97% over the previous 24 hours.

According to Bloomberg, BlackRock reduced the minimum Bitcoin holding required for direct conversion into IBIT shares from $25 million to $1 million on August 25, a 96% cut that expands access beyond the largest institutional players. The new threshold opens in-kind conversion eligibility to mid-sized institutions, family offices, and high-net-worth individuals previously locked out by the higher barrier. Bitwise made a similar move, lowering its Bitcoin ETF conversion minimum from $100 million

According to Lookonchain, Ethereum trader 0xD81a purchased 2,165 ETH for $5.33 million at $2,463 per ETH, marking his return to active trading after a six-month market hiatus. The purchase price sits just above $2,452, the average price at which the trader exited his previous position with a $12 million loss. The trade is notable given current Ethereum market conditions, which are characterized by low trading volume and heightened volatility.

According to ChainCatcher citing WEEX TradFi, nuclear and AI power stocks surged on August 26, with OKLO up 11.08%, URA up 5.62%, and IREN up 5.18% in 24 hours. Nvidia gained 2% as markets focused on the company's earnings report expected today. WEEX Labs noted that these assets remain sensitive to policy changes and order flows, with potential for increased short-term volatility.

According to the Securities and Futures Commission (SFC) quarterly report released as of end-June, Hong Kong's 15 tokenized retail products saw combined assets under management reach HK$10.3 billion, a 280% increase year-over-year. The 11 spot virtual asset ETFs grew 55% since launch to $451 million.

According to Lookonchain data, a Solana trader has opened a new 3x leveraged long position, purchasing 143,890 SOL tokens valued at approximately $14 million. The trader previously achieved three consecutive profitable trades, accumulating gains of $1.23 million before taking this latest position.

According to Foresight News, Bybit today listed three TradFi perpetual contracts: Direxion Daily S&P 500 Bull 3X ETF (SPXL USDT), T-Rex 2X Long MSTR Daily Target ETF (MSTU USDT), and Infleqtion (INFQ USDT). All three contracts support up to 25x leverage.

According to Trail of Bits, the Provenance blockchain maintained by Figure Technology Solutions was found in March to contain an authorization vulnerability affecting 82 mainnet accounts with approximately $500,000 in custodial assets at risk. The bug allowed zero-balance accounts to potentially take over other accounts and mint tokens or withdraw assets due to a system misidentification of outdated supply fields as equivalent to new account zero balances. Trail of Bits reported the flaw in Marc

According to ChainCatcher, Upbit will list Polyswarm (NCT) on August 26 at 21:00 UTC+9 with KRW trading support. During the promotional period through August 27 at 20:59 UTC+9, trading fees will be reduced from 0.05% to 0%.

Japan's Financial Services Agency is supporting a demonstration experiment to test blockchain-based settlement for stocks, bonds and investment trusts using atomic delivery-versus-payment mechanisms with stablecoin payments. The initiative, part of the FSA's Payment Innovation Project, aims to enable near-instantaneous settlement in Tokyo's market by synchronizing securities transfers and cash movements through programmable infrastructure. Major Japanese banks including Mitsubishi UFJ Financial

According to Jin10, central bank officials gathered in Jackson Hole, Wyoming on August 26 to discuss how to reassess global inflation and rising borrowing costs amid new inflationary threats. Spiros, an economist at Thin Ice Macro, said central banks are likely to take a cautious stance, viewing inflation as their most unwanted risk. Economists noted differing exposures to energy shocks: Europe and Japan are more sensitive to Middle East tensions and oil prices, while the U.S. and U.K. have more

According to a Form D filing with the US Securities and Exchange Commission on Tuesday, prediction market operator Kalshi disclosed that $1.12 billion has been sold under a $1.5 billion equity offering that began on April 3. The filing lists 71 investors, with approximately $380 million remaining to be sold under the offering. Kalshi is relying on Rule 506(b) of Regulation D, an exemption that allows companies to sell securities without SEC registration.

According to MSX.COM data, U.S. premarket AI stocks fell broadly on August 26. SAP declined 4.12%, NOW fell 2.34%, ACN dropped 1.32%, PLTR declined 1.26%, and MU fell 0.79%.

According to Cnyes.com, Hong Kong's main stock indices rose on August 26 close, with the Hang Seng Index climbing 0.56% to 25,652.97 points, the Enterprises Index up 1.05% to 8,533.84 points, and the Technology Index advancing 0.82% to 4,626.15 points. Broker stocks surged on the back of earnings and dividend payouts, with China International Capital climbed over 8% to lead gains, followed by China Merchants Securities and China CITIC Securities both up over 6%. Nonferrous metals stocks performe

According to the Gaza Health Ministry, since the start of the war on October 7, 2023, 73,438 people have been killed and 174,447 others injured.