Gate Crypto Flash News and Market Updates

According to Iran's Foreign Ministry spokesman Baghaei, Pakistan's Army Chief of Staff visited Iran on August 24 to discuss bilateral relations, with Baghaei stating that ties between the two countries are currently at "one of their best phases." Baghaei added that an Oman delegation will separately address maritime security and navigation in the Strait of Hormuz, noting both countries as regional coastal states will exchange views on these issues.

According to Jin10 futures, on August 24, Dalian Commodity Exchange (DCE) warehouse receipts across key chemical futures showed mixed movements: polyethylene fell 7 contracts to 4,336; polyvinyl chloride dropped 114 to 120,897; polypropylene rose 1,104 to 28,800; styrene increased 400 to 400; ethylene glycol declined 150 to 3,666; and liquefied petroleum gas rose 600 to 3,968.

According to Jin10, France's Finance Minister Leclerc stated on August 24 that lowering a major corporate tax originally planned as a one-time measure would face difficulty. The special tax, introduced in 2025, was extended to this year as France struggled to control its budget deficit. Leclerc said the government does not intend to introduce new taxes during upcoming negotiations on the 2027 fiscal bill, noting that increasing taxes has been France's default solution for 40 years but this appro

According to Moonshot AI (operator of Kimi), on August 24, the company announced that its first-generation trillion-parameter multimodal model Kimi K2.5 will be retired at the end of August 2026.

According to Guru Club, Indonesia's candidate for the commodity trading regulator said today, August 24, that he will establish trustworthy infrastructure, price mechanisms, and liquidity markets for the country's incoming commodity exchange.

According to the UK Maritime Trade Operations Office, all crew members are safe as of August 24, with no reports of environmental impact received so far.

According to BlockBeats, on August 24, HertzFlow announced backing from a group of early-stage supporters, including founders and angel investors such as Cedric (Flap), Leo (42space), Mirror Tang (Zerobase), Richard Liu (Huma Finance), Ryan Li (Surf), Shane Qiu (Bitway), Timon (Raydium), Wee Kee (Virtuals), Winchman (Renaiss), Xin Yan (Sign), Henry (Cetus Protocol), and Yisi Liu (Mask Network). The project stated that additional supporters will join in the coming period, with the team working al

According to Guru Club, Claude is investigating an abnormal increase in error rates across its Mythos 5, Fable 5, and Opus models on August 24.

According to the UK Maritime Trade Operations, a tanker was struck by an unidentified projectile approximately 63 nautical miles west of Yanbu, Saudi Arabia. The impact caused the vessel's main deck to catch fire.

According to Yonhapinfomax, LG生活건강 (LG H&H) decided on August 24 to sell its entire stake in The Avon Company for 83 billion won (approximately $62 million) to Stratford Worldwide, LLC. The transaction marks the company's exit from North American direct-sales operations seven years after acquiring Avon for 145 billion won in 2019. The sale represents 0.1% of LG H&H's total consolidated assets and is aimed at strategic portfolio restructuring to focus on core businesses. The transaction is schedu

Iran's foreign ministry spokesman on August 24 dismissed reports regarding millions of barrels of oil passing through the Strait of Hormuz as psychological warfare by adversaries, stating the claims do not reflect reality.

STMicroelectronics and the National University of Singapore (NUS) launched the ST-NUS HELIX Corporate Lab on August 24, a four-year research initiative supported by Singapore's Research, Innovation and Enterprise 2025 plan. The lab will develop edge AI hardware for embodied AI applications including robots, humanoids, and drones, focusing on memory-centric architectures and in-memory computing to reduce energy consumption and latency. STMicroelectronics will provide a dedicated design chassis ba

According to Sanctum's announcement on August 24, CLOUD staking rewards are now available for claiming. The reward cycle runs from August 24 to July 28, with a total of 15 million CLOUD tokens allocated to the rewards pool. Eligible stakers can claim their share based on their staking score ratio relative to the total score. Sanctum is a Liquid Staking Token (LST) protocol in the Solana ecosystem.

According to Sam Altman's recent account, OpenAI considered abandoning ChatGPT in early 2023 despite rapid user growth, with internal staff questioning the sustainability of the expansion and labeling it "low-quality growth." Altman had drafted five to six alternative directions for discussion with investor Peter Thiel. Thiel advised against the pivot, comparing ChatGPT's simple interface to Google's early search box and arguing that Silicon Valley had pursued Google's model for two decades with

According to Jin10, EUR/USD, JPY/USD, and GBP/USD FX options with notional amounts exceeding $1 billion across 4 strike prices will expire at 22:00 Beijing time on August 24.

According to Korean securities analysts, following Kakao's announcement of a personnel spin-off to address the conglomerate discount, multiple brokerages have downgraded the company's target price. The analysts warned that the structural change alone may not resolve the valuation discount and could instead accelerate the erosion of growth premium previously priced into the stock.

On August 24 (Monday), the Shanghai Gold Exchange reported closing prices for its derivatives contracts. Gold T+D rose 2.68% to close at 1,004.0 yuan per gram, while silver T+D gained 0.68% to close at 16,750.0 yuan per kilogram.

According to BlockBeats, C宇树-W stock (Unitree Technology) closed at 603.08 yuan on August 24, down over 10%. The company's market capitalization shrank by over 200 billion yuan intraday, from the prior trading day's close.

Ledger patched a race condition vulnerability in its Ethereum app on August 12 by releasing version 1.22.2, though the fix was not publicly disclosed until TestMachine security researchers independently identified and published the same flaw between August 21 and 23, 2026. The flaw involved APDU commands that could allow a malicious application to swap a legitimate transaction with a harmful one during clear signing approval on the device screen. Users upgrading only desktop or mobile companion

On Aug. 24, stablecoin neobank Fasset completed a $68 million Series C funding round led by Japan's SBI Group, achieving a $1 billion private valuation. The round brings Fasset's total 2026 fundraising to $119 million, following a $51 million Series B in May. The company processes over $40 billion in annualized transaction volume across 125 countries using its Own Network, an Arbitrum-based settlement layer with AI-driven payment routing that connects more than 100 banking corridors. CEO Mohamma