Gate Crypto Flash News and Market Updates

According to ChainCatcher, Ethereum (ETH/USDT) broke through $2,450 today, trading at $2,451.35 based on Gate's market data. The cryptocurrency gained 1.61% over the past 24 hours.

According to a Federal Reserve study released recently, cryptocurrency investors are primarily belief-driven rather than demographic-driven, with crypto holders expecting average returns of 22% over the next year compared to 7% among non-holders. Research from the Federal Reserve Bank of Cleveland, based on U.S. household survey data covering up to 25,000 families per round, found that a 1 percentage point increase in expected returns correlates with roughly 0.8 percentage point increase in prob

According to Upbit DataLab, XRP dominated trading activity on South Korea's largest cryptocurrency exchange on Saturday (August 23), with Upbit recording 1.15 trillion won ($830 million) in volume within a single hour. XRP accounted for 32.20% of the exchange's 24-hour trading volume, far ahead of TRUMP meme coin at 10.93%. Daily volume surged to approximately $3.81 billion, up 273% from August 21's $1.84 billion—the exchange's highest level since mid-March.

According to Coinglass data, the cryptocurrency market recorded $405 million in contract liquidations over the past 24 hours on August 23, with long positions accounting for $246 million and short positions $159 million. Bitcoin liquidations totaled approximately $94.67 million, while Ethereum reached $132 million. The largest single liquidation occurred on Binance ETHUSDT pair, worth $11.73 million.

According to an interview with Decrypt, Bitcoin Red Team member Calle said the group was formed as an emergency effort to identify security threats across the Bitcoin ecosystem as AI capabilities advance. The team, consisting of about 20 to 25 volunteers, has proactively scanned much of Bitcoin's significant open-source ecosystem and works directly with projects to identify and fix vulnerabilities. Calle noted that Chinese AI models are used far more than U.S. counterparts for security research

According to BankXRP, XRP's market capitalization reached approximately $94 billion recently, surpassing Belarus' estimated 2025 GDP of $93.4 billion based on World Bank figures. With XRP trading at $1.51, the token has marked another significant milestone in its recent rally. Market commentator ChartNerd reported that XRP open interest surged from roughly $2.3 billion to $3.56 billion, reflecting increased positioning in futures and perpetual contracts. The rise coincides with large holders acc

According to HyperliquidNews monitoring, HyperEVM's average Gwei value surged from approximately 0.15 Gwei on August 22 to 3 Gwei, and further climbed to 60 Gwei on August 23, representing a 400-fold increase over the two-day period.

According to Canadian Prime Minister Carney, Canada will impose retaliatory tariffs worth approximately $20 billion on U.S. goods, effective September 8, 2026. The measures will target steel, dairy, aluminum, and automotive sectors. Carney stated that Canada announced details of the new tariff measures in recent days and remains open to canceling the tariffs if the U.S. resumes negotiations.

According to CoinDesk, crypto card spending reached $1.04 billion in July, up over 200% year-over-year. U.S. dollar stablecoins USDC and USDT funded approximately 70% of more than 10 million transactions, with average transaction value rising from $59 last year to $86, indicating a shift from large cash-outs to everyday purchases such as groceries, rideshare, and food delivery. Emerging markets drove growth, with low-GDP regions recording 600% transaction volume increases between March 2025 and

According to Bloomberg reporter Mark Gurman, Apple's first foldable iPhone is expected to be unveiled around September 9, with a price tag exceeding $2,000.

According to the Israeli military, on Aug 23, Israeli forces struck a Hamas weapons production facility in Maghazi, central Gaza, killing a commander of the group.

According to South Korean media outlet Daum, Korean investors have accumulated net purchases of $835 million in SK Hynix ADRs (American Depositary Receipts) on Nasdaq since the company's listing on July 10 through August 19, making it the second-most purchased U.S. stock by Korean investors during the period, accounting for 16.4% of total U.S. stock net inflows. The purchases have driven ADRs to trade at a premium exceeding 40% relative to SK Hynix shares on the home market. On August 19, the Ko

Tunisia's National Guard announced on August 23 that a migrant boat capsized off the country's southeastern coast on August 21, resulting in 11 deaths.

According to Axios, Syrian and Israeli officials met on Sunday to ease tensions between the two countries.

According to Bloomberg, on August 23, U.S. Treasury Secretary Scott Bessent's attempt to lower long-term bond yields through expanded buybacks and increased short-term debt issuance—a strategy he called "Treasury Twist"—produced only one day of results. The 10-year U.S. Treasury yield bounced back to 4.73%, approaching the highest level since Bessent took office. Structural headwinds continue to push rates higher. Experts cite the U.S. national debt exceeding $40 trillion, rising capital demand

According to CoinGlass, in the past hour, $63.71 million in futures positions were liquidated globally, with long liquidations accounting for $50.99 million and short liquidations for $12.71 million.

According to Odaily and Hyperbot, Bitcoin trader Maji Ge's 40x leveraged BTC long position was fully liquidated today due to a short-term BTC price decline. His total portfolio value has dropped below $100 million.

According to Coin Glass, over $61.14 million in positions were liquidated across crypto markets in the past hour on August 23. Long positions accounted for $50.41 million of liquidations, while short positions totaled $10.73 million. Ethereum led individual asset liquidations with $25.78 million.

According to reports, Iranian-linked hackers targeted water utility facilities across 12 U.S. states and power plants in the United Kingdom over the weekend (August 24). The coordinated cyber operation represents a significant cross-border attack on critical infrastructure in both nations.

According to Jin10 Data, on August 23 local time, the UK's major train operator announced a significant service disruption after a power outage at its control center in Birmingham. The operator said almost all train lines were canceled or delayed, with no immediate recovery timeline provided.