Gate Crypto Flash News and Market Updates

According to an X post today, trader Bonkguy (unipcs) announced that cumulative spot trading profits have exceeded $10 million, with $2.3 million in gains over the past 24 hours and $5.7 million over the past 30 days. Key profitable trades include PONS, up approximately 6,000% from average entry price and 9,100% from initial entry; DELTA, up around 1,500%; and Microduck, up roughly 610%. Over the past month, Bonkguy executed more than a dozen new trades with a win rate exceeding 80%.

According to Token Terminal, the seven most-traded tokenized stocks generated $4.3 billion in decentralized exchange volume over the past 30 days, with most trading activity concentrated on BNB Chain and Robinhood Chain. QQQb on BNB Chain topped the list with $1.6 billion in 30-day volume, followed by SPCXb and SPYb with $849 million and $645 million respectively.

According to Korea Securities Depository and Clearing Corporation, South Korean retail investors recorded $9.3 billion in settlement volume on SOXL (Direxion Daily Semiconductor Bull 3X) in August, maintaining its position as the most-traded U.S. stock among domestic traders for the 10th consecutive month since November 2024. The aggregate settlement volume over this 10-month period reached approximately $78 billion, while accumulated holdings grew to $6.5 billion. The Philadelphia Semiconductor

According to Yonhapinfomax, on August 31, Korea Investment Holding approved a spin-off merger between Korean Investment Trust Management (KITM) and Korean Investment Value Asset Management (KIVAM), transferring approximately 77 trillion won in traditional assets including stocks, bonds, and money market funds. The restructuring separates KITM's securities and money market fund operations from its exchange-traded fund (ETF) business, with ETFs remaining under KITM and traditional asset management

According to AP and Axios, the U.S. military struck Iran's Islamic Revolutionary Guard Corps (IRGC) rocket launcher sites on Larac Island in the Strait of Hormuz on August 30 (local time), triggering a sharp rise in crude oil prices. As of 7:03 a.m. Korean time on August 31, October-delivery WTI crude futures on the New York Mercantile Exchange traded at $85.59 per barrel, up 2.63% from the previous trading session. Market analysts attributed the surge to renewed concerns over potential supply d

Jim Cramer, a renowned U.S. investor and financial commentator, recently introduced the "20% rule" as a stock investment principle to minimize losses. According to the rule, investors should sell 5-10% of their holdings whenever a stock price rises 20% or more above the purchase price, locking in profits while keeping the remaining position. The strategy prioritizes securing gains incrementally rather than attempting to time market peaks.

According to Jin10 Futures, ethylene glycol futures declined consecutively in recent sessions but found stronger support at lower levels on August 31. Geopolitical tensions remained unresolved over the weekend, keeping crude oil elevated. This week, the market is expected to stabilize with the main trading range between 5,700 and 5,900.

According to Jin10 Futures on August 31, U.S. commercial crude oil inventories stood at 428.9 million barrels as of August 21, remaining essentially flat compared to the prior week but up 2.5% year-over-year. Strategic petroleum reserves fell to 289.7 million barrels, declining 1.26% week-over-week and 28.3% year-over-year. International oil prices maintained elevated levels amid Middle East tensions and Strait of Hormuz transit concerns, with shipping costs and insurance premiums rising as tank

According to Korea Exchange, CEO Jung Eun-bo visited the United States on August 31 to sign a memorandum of understanding (MOU) with the New York Stock Exchange and conduct a global investor roadshow. The trip aimed to promote the investment appeal of South Korea's capital market to global institutional investors and strengthen cooperation between the two exchanges.

According to Yonhap Infomax on August 31, the autonomous driving industry is experiencing a major technological shift from hardware-centric systems to AI-driven software solutions. Tesla, using only eight cameras with advanced neural networks, has abandoned expensive LiDAR sensors and pre-built HD maps, deploying tens of thousands of NVIDIA GPU clusters to accelerate E2E (end-to-end) model learning. Chinese automakers are now aggressively pursuing similar strategies. Xpeng recently pivoted to pu

According to a Financial Supervisory Service filing on Aug 31, Korea Investment Trust Management decided to spin off its equity fund and money market fund (MMF) divisions into Korea Investment Value Asset Management, consolidating resources entirely on ETF operations. The spin-off is expected to be approved at a shareholders meeting on Sept 11. ACE ETF, launched in 2022, has grown from 3 trillion KRW in net assets to nearly 33 trillion KRW, with market share rising from 3.99% to 7.35%. The growt

According to Yonhap Infomax, Hyundai Motor plans to debut its first mass-produced software-defined vehicle (SDV) equipped with Level 2+ autonomous driving technology in 2028 in collaboration with Nvidia. The company is currently in the demonstration phase for end-to-end (E2E) AI-based autonomous driving after shifting from rule-based development methods. Hyundai's strategy to catch up with competitors focuses on building a data flywheel by standardizing sensor architecture across Hyundai, Kia, P

According to Bloomberg, on August 30, Apple internally tested and prototyped an Apple Pencil stylus designed for a foldable iPhone. The prototype, shorter than the iPad version to fit the phone's unique dimensions, would attach magnetically to the device's side for storage and charging. However, the product is unlikely to launch alongside Apple's new foldable iPhone model. Challenges include potential interference during device unfolding and risk of visible scratches on the delicate foldable scr

According to Front Office Sports, prediction market platform Kalshi has signed an exclusive partnership agreement with the United States Tennis Association (USTA) to become the official prediction market platform for the US Open on August 31. Under the deal, USTA has prohibited all other prediction market platforms from advertising within the tournament venue or on television, including ESPN's broadcast channels.

Korea Finance Holding announced today (August 31) that it is reorganizing its subsidiary asset management companies ahead of a planned insurance acquisition, according to the company's disclosure on August 27. The restructuring is aimed at strengthening the group's capabilities in liability-driven investment (LDI) and building a comprehensive financial services platform.

According to ChainCatcher, ASUS and MSI's initial RTX Spark PC allocations have sold out as demand exceeded expectations. ASUS co-CEO Hu Shubin stated that channel pre-orders were stronger than anticipated, with the first batch fully booked, and the company is actively seeking additional supply orders from Nvidia. MSI product manager Peng Renfang noted that customers in mainland China, Taiwan, and the U.S. are placing orders actively, with high-end N1X-equipped notebooks nearing full pre-order s

According to ChainCatcher, Blockstream released Jade firmware 1.41 following extensive AI-assisted security audits and human reviews, confirming the hardware wallet is unaffected by the Coldcard random number generator vulnerability. The latest update strengthens stack protection, updates dependencies, audits sensitive memory cleaning processes, and upgrades the Jade runtime environment. Blockstream stated that Jade's RNG mechanism uses multiple entropy sources including hardware chip noise, tim

According to SK Securities on August 31, the brokerage maintained its buy rating and 800,000 Korean won (KRW) price target for SK, representing 47.3% upside from the August 28 closing price of 543,000 KRW. The rating reflects expectations for significant earnings improvement driven by SK Ecoplant, coupled with shareholder returns through buybacks and potential special dividends. SK Ecoplant posted first-half revenues of 10 trillion KRW, up 82.2% year-over-year, with operating profit reaching 1.4

According to BlockBeats and GMGN data, the crypto market saw a sharp decline this morning (August 31), with weekend hot-spot tokens retreating sharply. BSC ecosystem meme coin Bull dropped below $100 million, now trading at $98.82 million. On the Robinhood chain, PONS fell from a $400 million high reached early this morning to $321 million, while CASHCAT briefly broke below $200 million and is currently at $201 million.

According to Token Unlocks data, eight tokens—GUN, GPS, SUI, ZETA, EIGEN, ENA, OPN, and HYPE—will see substantial unlocks this week.