Gate Crypto Flash News and Market Updates

During the week of August 3-7, South Korea's 3-year government bond yield fell 1.3 basis points to 3.747%, while the 10-year yield declined 4.7bp to 4.215%, according to market data. The yield curve flattened as the spread between 10-year and 3-year rates narrowed from 50.2bp to 46.8bp. Foreign investors drove much of the strength, achieving 12 consecutive trading days of net buying, including net purchases of 17,806 3-year futures contracts on August 3, 14,534 on August 4, and 19,804 on August

According to South Korea's Yonhap Infomax, the U.S. reported last week that nonfarm payrolls declined by 23,000 in July, well below market expectations of 80,000 job gains. The unemployment rate fell to 4.1% month-over-month. This week, the U.S. July Consumer Price Index, scheduled for release on August 12, will be a key variable for currency markets; it is expected to rise 3.4% year-over-year.

According to Cypherpunk, the ZEC treasury company, Ironwood has surpassed Orchard to become the largest shielded pool on Zcash, according to latest data. Ironwood currently holds 1,976,378 ZEC with a value exceeding $1 billion.

According to Dow Jones Market Data, Nvidia (NVDA) surged 11.6% this week, ending August 7, with market cap increasing $562 billion—a company record. The rally was driven by SpaceX CEO Elon Musk endorsing Nvidia's upcoming Vera Rubin chip architecture during SpaceX's inaugural earnings call, stating the company will exclusively adopt Nvidia chips as "the best AI computer." Meanwhile, major cloud providers including Google, Amazon, and Meta have raised capital expenditure guidance, signaling susta

According to Guru Club, on August 8, domestic gold jewelry prices returned to 1,300 yuan per gram, with multiple brands offering 24-karat gold ornaments at this level. Chow Sang Sang's 24-karat gold jewelry rose to 1,315 yuan per gram, up 30 yuan in a single day.

According to Odaily and X user CLR, who disclosed protocol documents on August 9, Pump.fun is offering incentive packages to attract users migrating from the FOMO platform. The program provides a one-time sign-up bonus of $20,000 and monthly fixed compensation of $30,000 to eligible participants. Users must transfer FOMO platform funds and positions to Pump.fun, use a new wallet exclusively for the platform, link their X account, publicly declare it as their sole trading wallet, and permanently

According to BlockBeats, on August 9, Solana perpetual contract protocol FlashTrade announced shutdown, with founder Anas seeking to sell the existing technology stack to compensate FAF token holders. Anas attributed the closure to severe internal team disagreements, market contraction, and prolonged lack of profitability, stating the Solana Foundation's inattention was "personally most damaging." He noted the Foundation focuses support on a single team, believing it best serves Solana's success

According to Iran's IRNA news agency, on August 8 local time, Mohammad Baqer Zolgadr, secretary of Iran's Supreme National Security Council, warned that "the Strait of Hormuz will not open unless the United States corrects its behavior." Zolgadr laid out six conditions including ceasing threats against Iran, ending wars and invasions against Iran and its allied forces in Lebanon, Palestine, Yemen, and Iraq, lifting maritime blockades, withdrawing U.S. military forces from Iran's vicinity, compen

According to Zach Pandl, Grayscale's research head, the U.S. two-party CLARITY Act's chances of passing Congress this year have declined significantly due to Senate scheduling and election-year politics. The researcher noted the act's failure to pass would not impact major blockchain operations, Bitcoin's role as a store of value, or stablecoin payment growth in the near term.

According to Dongguan Public Security Bureau, on August 9, Dongguan Hengxi police successfully intercepted a cryptocurrency investment fraud case and blocked a 1.1 million yuan cash transfer just 5 minutes before the planned transaction. The victim, Ms. Li, was lured by an online scammer who promised high returns from "exclusive cryptocurrency investment channels" and forged profit screenshots to create false investment gains. The fraudster then pressured her to withdraw 1.1 million yuan in cash

According to Newsis, on August 7, President Lee Jae-myung ordered a comprehensive review of the Individual Savings Account (ISA) reforms and stock price stabilization measures unveiled on August 3. The directive came after intensifying backlash from investors and younger people over the tax reform plan. The revised ISA system would introduce a new "productive financial ISA" offering tax-free status for domestic stock and domestic fund investments. However, the overhaul reduced existing ISA benef

According to Flashbots strategy lead Hasu in a statement reported by ChainCatcher, Ethereum's core issue is not excessive ETH inflation but rather insufficient investment in its ecosystem. Hasu argued that charging fees to passive token holders to fund ecosystem projects—such as those supporting Ethereum client teams and DeFi infrastructure—is justified. He added that reducing inflation would necessarily suppress investment in the network, and lamented that Ethereum's research community has hist

According to analyst Alpha Analyst, memory chip makers Micron Technology (up 208% year-to-date) and SK Hynix face diverging investor views. While Micron's strong gains have raised valuation concerns—with forward P/E around 12x—SK Hynix trades at roughly half Micron's valuation despite similar AI-driven fundamentals. SK Hynix benefits from its leading HBM market position and more flexible long-term supply agreements, giving it potential upside as memory prices rise. Micron's contracts include pri

According to Ripple's Aug. 5 insight, the company announced its European crypto business is ready to scale following full Crypto Asset Service Provider (CASP) authorization from Luxembourg's financial regulator on July 6. The authorization enables Ripple to offer regulated crypto payment services across all 30 European Economic Area countries. Ripple said stablecoin payments and institutional digital asset infrastructure are central to its expansion strategy, with 72% of European fintech firms b

According to ChainCatcher, Bitcoin miner BitFuFu produced 112 BTC in July, with 72 BTC from proprietary mining and 40 BTC from cloud mining, averaging 3.6 BTC daily. The company's Bitcoin holdings fell 21% month-over-month to 1,314 BTC from 1,671 BTC in June. BitFuFu attributed the decline to prepayments for 330 days of future hashrate capacity starting August 2026, rather than asset sales. Operationally, total managed hashrate decreased to 14.2 EH/s from 15.3 EH/s in June, while proprietary has

According to Bank of America (via Citrini analyst jukan), Samsung Electronics is expected to announce shareholder returns including over 30 trillion Korean won in special dividends to be distributed in Q3 or Q4, and over 40 trillion won in share buybacks planned for H1 2027. The bank also anticipates a 30 trillion won year-end dividend payment in April 2027, with an additional 30 trillion won buyback allocated for employee compensation. Bank of America similarly forecasts SK Hynix will return 50

According to Bitcoin Magazine, on August 7, Senators Cynthia Lummis and Angela Alsobrooks reaffirmed their bipartisan commitment to advancing the Clarity Act after its Senate vote was delayed to September. Lummis stated: "We've come too far to quit. I will continue working with my colleagues to get this done --- this fight is far from over." Alsobrooks added that the team has worked over a year on a bipartisan basis to protect consumers and fight illicit finance, pledging to continue efforts to

According to Axios, Trump Media and Technology Group pulled back from two cryptocurrency deals with Crypto.com on Friday, August 7. The company cancelled a prediction market platform called Truth Predict and a digital asset treasury product backed by $6.4 billion in Cronos tokens. The decision was driven by market saturation in the digital asset treasury sector over the past year, according to comments from Kevin McGurn, interim CEO of fusion energy company TAE.

According to TechCrunch, OpenAI acquired presentation startup NextSlide earlier in 2026, with the startup's team now working on ChatGPT. NextSlide, founded by Ahmed Beshry, created a product that converts prompts, notes, documents, or research into editable presentations. Financial terms were not disclosed. The acquisition may expand ChatGPT's presentation capabilities alongside its existing Canvas workspace and features.

According to Korea Exchange on August 9, KOSPI's daily average trading value in August fell to 26.277 trillion won, the lowest level this year, as semiconductor heavyweight stocks declined and macro economic uncertainty increased market caution.