Gate Crypto Flash News and Market Updates

According to Korea Exchange data released on August 23, single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix combined for 977.1 billion won in trading volume on August 21, following 1.05 trillion won on August 20. The KODEX SK Hynix single-stock leverage ETF led with 352.8 billion won, while the KODEX Samsung Electronics version recorded 185.6 billion won. The surge follows Samsung and SK Hynix announcements of major shareholder returns: Samsung approved 90–110 trillion won in 2

According to Jerusalem Post, Iran has been invited to join the Mecca Joint Defence Agreement, which was established earlier this month by Saudi Arabia, Turkey, and Pakistan.

According to BlockBeats, on August 23, prominent trader Huang Licheng (known as Mahjong) opened a $4.22 million Bitcoin long position at $76,719.4, as monitored by TradingBeats. This move came shortly after he closed a Bitcoin long position that resulted in a $2.46 million loss the same day.

According to Odaily, analyst Jiang Zhuoer recently shared a Bitcoin historical cycle comparison chart on X, noting that if the current cycle low settles near $57,800, the market adjustment extent and duration would be similar to the previous three cycles. Jiang suggested many investors may currently be in a "fear of missing out" state. As consolidation continues, FOMO sentiment could intensify, potentially leading to capital inflows that limit further downside in the market.

According to Hyperbot data cited by Odaily, trader Majidage just opened a 40x leveraged Bitcoin long position holding 50 BTC with an entry price of $76,712.2. The position has generated an unrealized gain of approximately $8,237. Majidage's overall portfolio is valued at approximately $103 million, with significant positions in ETH and HYPE tokens.

According to Saudi satellite TV, Iraqi factions have proposed modifying the original September 30 deadline for returning weapons to the state. The factions are pushing for a two-year freeze on weapons usage in line with Iran's vision.

According to BlockBeats, on August 23, Jiang Zhuoer, founder of Litbit Mining Pool, warned that investors who missed the current Bitcoin cycle face greater risk than those who miss near-term price gains. Based on historical cycle patterns, if $57,800 marks the cycle bottom, the timeline and drawdown differ significantly from previous cycles, causing many to miss entry points while waiting for deeper pullbacks. Jiang outlined two strategies: Plan A involves buying if BTC retraces to the $67K-$72K

According to Jin10, Zhaojin Mining announced H1 2026 net profit attributable to parent of 1.578 billion yuan, up 9.61% year-over-year. Revenue reached 9.022 billion yuan, up 29.38% YoY, while total net profit was 2.105 billion yuan, up 18.50% YoY. The board does not recommend an interim dividend distribution.

According to the China Earthquake Networks Center (CENC), a 4.3-magnitude earthquake occurred near Tashkurgan County in Kashgar, Xinjiang at 6:04 p.m. on August 23. The epicenter was located at 36.96°N, 74.89°E. The agency noted that the final result will be confirmed by an official rapid report.

According to CCTV, air raid sirens sounded in Ukraine's capital Kyiv on August 22.

According to PeckShield, The Sandbox's cross-chain bridge on Base and BNB Smart Chain was exploited on August 21, with attackers minting approximately 14.9 billion unbackable SAND tokens. The Sandbox confirmed the vulnerability and disabled bridge functions on both networks. Coinbase plans to delist 10 perpetual futures contracts, including SAND, on August 26, with all open positions to be automatically settled. The impact represents less than 0.01% of total SAND supply, with Ethereum and Polygo

The U.S. Department of Education recommended on August 21 revoking the American Bar Association's accreditation authority over law schools, which the ABA has held for over 70 years. The department cited the ABA's accrediting body's lack of independence and failure to revise accreditation standards to require law schools to implement diversity, equity, and inclusion (DEI) policies as mandated by the federal government. A final decision is expected within several months.

According to CZ's post on X, EASY Residency's fourth-season Demo Day will be held next week in Bhutan, with CZ set to attend. The program's fifth season is now accepting applications until September 14, with focus areas including programmable capital and on-chain markets, AI infrastructure and compute economics, AI interaction interfaces and consumer layers, and AI times biotech and programmable science.

According to Onchain Lens monitoring, Machi Big Brother's 28,450 ETH long position on Hyperliquid (valued at approximately $68.56 million) shifted to unrealized profit on August 23, with approximately $1.49 million in unrealized gains. The address simultaneously opened HYPE and PUMP long positions, which were showing unrealized losses of approximately $117,600 and $158,600 respectively at the time of monitoring.

According to Korea Securities Depository data, Korean retail investors' daily average settlement amount for U.S. stocks fell to $1.9498 billion from August 1-21, marking the lowest level in 2026. This represents a 71.6% decline from July's $2.0861 billion and a two-thirds drop from June's peak of $2.9833 billion. Despite the S&P 500 and Nasdaq reaching record highs on August 21, investors remained cautious. Market participants cited concerns over elevated big-tech valuations, higher U.S. Treasur

According to China's State Administration for Market Regulation, Tesla recalled nearly 3 million vehicles on August 21 for emergency mechanical door handle defects affecting Model 3, Y, S, and X. The company informed owners that immediate dealership visits are not required; repairs will be tiered based on priority, with software reminder labels arriving in-store by end of September, and owners given three years to complete service.

According to Onchain Lens monitoring, FalconX transferred 80,200 HYPE tokens, valued at approximately $6.27 million, to Gate exchange yesterday (August 22). The move may precede a potential sale of the tokens.

According to PANews, on Aug 23, Ruby on Rails founder and 37signals co-founder DHH announced the establishment of the Omacom Foundation, a non-profit organization that raised $8 million in seed funding to support Omarchy infrastructure and open-source development. Eight initial donors contributed $1 million each, including Shopify CEO Tobi Lütke, Stripe CEO Patrick Collison, Dell Technologies CEO Michael Dell, Block board chair Jack Dorsey, Cloudflare CEO Matthew Prince, Oculus co-founder Brenda

According to a study by Vietnamese researchers Pham Ngoc Toan, Le Tran Trung Hieu, and Nguyen Vu Trung Nguyen published in MDPI, bitcoin mining operations show statistical correlation with operational shifts to Russia as EU carbon pricing rises. The research analyzed daily power sector emissions from 2019 to 2025 and found that mining companies with hardware in both jurisdictions shut down EU equipment and activate Russian rigs during peak carbon allowance price periods to maximize profits, rath

According to BlockBeats, on-chain monitoring platform OnchainLens detected FalconX transferring 80,200 HYPE tokens worth approximately $6.27 million to a centralized exchange on August 23, potentially indicating a planned sale.