Gate Crypto Flash News and Market Updates

According to Jin10, on August 24, China and South Korea held the fifth ministerial-level strategic dialogue on information and communications technology in Beijing. MIIT Minister Li Lecheng and South Korea's Vice Prime Minister and Minister of Science and ICT Pae Kyong-sun attended the meeting. The two sides discussed next-generation ICT development directions, digital inclusion, and wireless spectrum policy.

According to MSX.COM data, artificial intelligence-related stocks declined in U.S. premarket trading on August 24. Marvell (MRVL) fell 3.35%, Micron (MU) dropped 3.53%, ARM declined 2.18%, while SPCX and KLAC slipped 1.99% and 1.86%, respectively.

According to PANews on August 24, Circle announced that USDC deposits on OSL StableHub, a multi-stablecoin hub launched by OSL Group in February 2026, have surpassed $200 million after four months of operation. The platform offers 1:1 zero-slippage, zero-fee swaps between major U.S. dollar stablecoins and USD, demonstrating strong institutional demand for USDC in Asia's digital dollar market.

According to Jin10, Czech Foreign Minister Peter Machínka emphasized on August 24 that the country must strengthen ties with Asian nations to avoid missing economic opportunities as global economic power shifts eastward. Speaking at an annual ambassadors conference in Prague, Machínka stated that the increasingly multipolar and competitive global environment requires Czech diplomatic missions to prioritize economic diplomacy over value-oriented foreign policy approaches.

According to institutional trading quotes, the Czech koruna surpassed 24.100 against the euro, marking its strongest level in nearly three years since September 2023.

According to Israeli media reports, Iran's state television on August 24 aired a segment describing how to access U.S. President Trump's son Barron Trump, mentioning a $10 million bounty. The roughly 3-minute report displayed alleged locations and online platforms related to such activities and attempted to map social connections around Trump's youngest son while seeking ways to penetrate U.S. Secret Service security. The report largely relied on staged imagery and provided no evidence substanti

According to Coinglass data, 100 million USDT transferred from an unknown wallet to Binance on August 24 at 6:20 PM UTC.

According to a working paper released by the Federal Reserve Bank of Cleveland on July 14, 2026, showing households bitcoin's 14.3% one-year return increased later crypto ownership by 2.5 percentage points, a 23% relative increase. The study, based on 5,352 respondents surveyed in 2025, found that exposure to bitcoin's return data also raised desired crypto allocation by approximately 2 percentage points, mostly by reducing planned cash and savings account holdings. The response varied by invest

According to PANews, Shanghai released a five-year industrial development plan on August 24 aimed at comprehensively enhancing intelligent computing capabilities. The plan focuses on developing high-performance, low-power intelligent chips, improving cluster networking and cloud services, and exploring innovative architectures including heterogeneous computing, photonic computing, and quantum AI. The plan also emphasizes advancing next-generation large language models through architectural desig

According to Yonhapinfomax, South Korea's 1-year interest rate swap (IRS) rate declined 3.50bp to 3.4275% as of 4:30 p.m. today (August 24), with the 3-year and 5-year rates falling 3.50bp and 4.25bp respectively. The decline reflected market expectations ahead of the Financial and Monetary Committee meeting later this week. Meanwhile, the 1-year credit risk swap (CRS) rate rose 2.50bp, while the 3-year and 5-year CRS rates each fell 2.00bp.

According to TradingBeats monitoring, on August 24, the largest HYPE long holder's 5x leveraged position of 1.38 million HYPE tokens generated approximately $56.56 million in unrealized gains as HYPE reached a new all-time high. The address has paid $5.03 million in funding fees to maintain this position.

According to Bloomberg, on August 22 Nvidia notified major customers that AI server prices will increase by more than 15% for systems shipping in early 2027, including those built on its Grace Blackwell and Vera Rubin platforms. The hikes are driven by soaring memory chip costs. High-bandwidth memory and server DRAM prices have surged at record rates as memory makers shift capacity toward AI chips. Conventional DRAM contract prices rose an estimated 90% to 95% quarter over quarter in Q1 2026, wi

According to Glassnode analysis, approximately 85% of altcoins currently feature funding rates above their respective mean levels, marking the highest level for this metric since Bitcoin reached its all-time high. Such elevated funding rate environments typically persist for several weeks during altseason periods.

According to Yonhap Infomax, South Korea's government bond yields declined across the board on August 24, with the 3-year yield falling 1.8 basis points to 3.836%, the 10-year yield down 4.1 basis points to 4.335%, and the 30-year yield dropping 2.6 basis points to 4.677%. The decline was driven by falling international oil prices and weakness in U.S., Australian, and New Zealand bond markets. Foreign investors significantly increased purchases of 3-year government bond futures, with net inflows

According to Jin10, Ukrainian drones conducted a large-scale attack on multiple regions of Russia early on August 24, targeting logistics centers of Russian e-commerce giant Ozon located in Krasnodar Krai, Adygea, Dagestan, and Stavropol Krai. The strikes triggered fires at the facilities. Ozon stated it has begun evacuating affected warehouse staff, with some regional product listings removed from the platform and orders canceled or rerouted.

According to China's central bank, Shanghai Gold Exchange Au(T+D) contracts closed at 884.6 yuan per gram at the end of July 2026, up 0.7% month-on-month. In July, the exchange recorded gold trading volume of 6,942.7 tonnes, a 30.8% year-on-year increase.

The South Korean Marine Corps announced on Monday that the United States has canceled a planned joint amphibious landing exercise scheduled for next month. According to the Marines, Washington attributed the cancellation to limited troop availability due to the Iran conflict. This follows President Trump's unexpected order last Friday to reduce another annual joint military exercise, citing high costs and Seoul's refusal to participate in operations against Iran.

According to Ramp enterprise spending data, Anthropic's Fable 5 model accounts for only 11.4% of enterprise spending two months after its launch, despite being the company's most advanced offering. Token usage share is even lower at 6%, significantly trailing adoption of competing models like OpenAI's GPT-5.6 Sol, which captures 25% of enterprise tokens. Price is the primary barrier. Fable 5 API costs $10 per million tokens for input and $50 for output—double the rate of Opus 5, which Anthropic

According to the People's Bank of China, in July 2026, interbank lending average daily transactions fell to 392.9 billion yuan, down 24.3% year-over-year. Bank-to-bank bond repurchase average daily transactions totaled 650 billion yuan, declining 14.2% year-over-year. By end of July, outstanding interbank lending stood at 1.0 trillion yuan, while outstanding bank-to-bank bond repurchase reached 9.8 trillion yuan. The overnight quality pledge repurchase rate (DR001) averaged 1.39% with a 1 basis

According to the People's Bank of China, the Shanghai Composite Index closed at 3832.3 points, down 6.4% month-on-month, while the Shenzhen Component Index fell to 13578.9 points, down 16.2% in July 2026. Daily average trading volume across both markets reached 2.69 trillion yuan, declining 13.8% from the previous month.