Gate Crypto Flash News and Market Updates

According to the U.S. Department of Justice, Walmart agreed to pay $50 million to settle allegations of illegally issuing opioid prescriptions. The company also signed a memorandum of understanding with the Drug Enforcement Administration to clarify its obligations regarding the dispensing of controlled substances going forward.

Polish Prime Minister Donald Tusk called on parliament to organize a re-vote on the Crypto Assets Market Law on August 28, after the bill faced its third presidential veto from President Karol Nawrocki on June 11. Tusk described the Zondacrypto bankruptcy as one of Poland's largest corruption cases in the crypto sector, with affected customers losing up to $94 million. He accused ruling coalition members of receiving cash and other benefits. The repeated vetoes have prevented Poland from impleme

According to Fed Chair Kevin Walsh, inflation pressures have not shown meaningful slowdown, positioning the September Federal Reserve policy meeting as a critical moment in the central bank's mission to contain prices. If inflation continues to exceed the Fed's 2% target, policymakers will have limited options but to raise rates this year.

According to CNBC, Meta's free cash flow plunged 91% to $31.1 billion in the second quarter as capital expenditure jumped 88%, signaling growing strain on Big Tech's balance sheets amid massive AI investments. Alphabet posted its first-ever quarterly cash outflow since going public in 2004 after doubling capex to $44.9 billion, while Amazon reported negative free cash flow of $8.8 billion as capex surged 68% to $54.21 billion. S&P Global analysts noted that the hyperscalers' combined capex is es

According to Allianz chief economist Mohamed El-Erian, the U.S. Treasury yield curve flattened today, with the 2-10 year spread narrowing 7 basis points and the 2-30 year spread narrowing 10 basis points. El-Erian attributed the moves to hawkish repricing in fixed income markets following recent policy signals, alongside market recognition of the Federal Reserve's long-term credibility.

According to the European Space Agency, on Thursday ESA signed contracts with three European launch startups to support the development of small-lift rockets. Rocket Factory Augsburg received 186.9 million euros for the RFA One rocket, PLD Space received 158.9 million euros for the Miura 5 rocket, and Isar Aerospace received 197.8 million euros for the Spectrum launcher. The funding supports Europe's access to space and launch supply diversification.

According to Bitfinex, Bitcoin's correlation with gold has reached levels that signal the start of a bull expansion phase, with the exchange's Delta-Thermo Market Multiple reading at 2.03—at the 2.5x threshold marking the beginning of a bull phase. Bitfinex highlighted that Bitcoin trades as a higher-beta version of a debasement hedge alongside gold, though this correlation has historically not sustained long-term. However, Federal Reserve Chair Kevin Warsh took a hawkish stance at Jackson Hole,

According to NBC, U.S. Defense Secretary Pete Hegseths is considering a potential run for the presidency in 2028.

According to market analysis outlet Cryptoreviewing and Coinglass data, Bitcoin peaked at $81,455 on August 28 before tumbling to $76,877 following Federal Reserve Chair Kevin Warsh's Jackson Hole speech. The sharp reversal, occurring less than 24 hours after BTC reclaimed $80,000, triggered $107 million in derivatives liquidations ($50 million in longs, $57 million in shorts), with roughly $300 million in leveraged positions wiped out across the broader crypto market. Weekly gains compressed to

According to CNBC, BlackBerry's stock has doubled this year as investors reward the company's strategic shift away from smartphones toward automotive software and secure communications. The company's QNX operating system business, which powers safety-critical features in 275 million vehicles globally, is now positioning for expansion into robotics. BlackBerry has accumulated a $950 million backlog of orders for QNX, with a portion dedicated to robotics, CEO John Giamatteo said. Robotics has beco

According to Korea Securities Depository data, Korean retail investors surged purchases of the Direxion Daily Semiconductor Bull 3X ETF (SOXL) to $798 million in net inflows during the week of August 21-27, ranking the product first among overseas stocks for the period. The buying spree stands in sharp contrast to earlier this month, when SOXL did not appear in the top 50 list for the entire month through August 27, underscoring a dramatic shift in investor sentiment. The 3x leveraged product tr

According to market data and Cryptoreviewing analysis, Bitcoin peaked at $81,500 on Thursday but fell to $76,877 on Friday following Federal Reserve Chair Kevin Warsh's speech rejecting forward guidance. The retreat triggered $465 million in 24-hour liquidations, with $107 million wiped across derivatives in the immediate pullback. Liquidity data shows a sharp imbalance: $5.7 billion sits below between $75,000-$78,500, versus $2.8 billion overhead between $81,500-$84,000. Whales are maintaining

According to Deutsche Bank on August 29, the bank's economists predict the Federal Reserve will raise rates by 25 basis points in both September and December. Federal Reserve Chair Powell emphasized in his Jackson Hole speech the need to bring inflation back to the 2% target, signaling a hawkish stance. The bar to avoid a 25 basis point hike in September is now very high unless future economic data comes in significantly weaker than expected. Market pricing shifted sharply higher following the r

According to CNBC, Apple on Friday increased the monthly subscription price of Apple TV to $14.99, or $119 per year, up from $12.99 monthly or $99 annually. The company also raised the price of Apple One, its bundle subscription that includes iCloud storage, Apple Music and other services, to $21.95 from $19.95 per month. Apple attributed the adjustment to the addition of significant content, including the F1 series and Ted Lasso's fourth season.

According to Galaxy Research, in the week ending August 23, Bitcoin gained $14,264, or 22.7%, closing at $77,387—the largest single-week dollar gain since the asset began trading. The rally continued afterward, with Bitcoin touching $81,000 before easing back to the $79,000 region. Galaxy's analysis points to Bitcoin's 50-week moving average near $82,470 as the next key signal; historically, a weekly close above this level has aligned with bear market bottoms in 11 of 13 cycles since 2011, sugge

According to Kitco News, the U.S. Bureau of Labor Statistics announced on Friday that nonfarm employment was revised down by 79,000 for the 12 months ending March 2026, representing a -0.1% adjustment. Private employment was revised down by 178,000 over the same period. Spot gold fell sharply to $4,543.80 per ounce following the announcement and last traded at $4,564.05, down 0.83% on the session.

According to CNBC, Meta's free cash flow plunged 91% in the second quarter as the company's capital expenditures jumped 88% to $31.1 billion. Alphabet posted its first-ever quarterly cash outflow since going public in 2004 after doubling capex to $44.9 billion, while Amazon posted negative free cash flow of $8.8 billion following a 68% capex increase to $54.21 billion. Microsoft saw free cash flow decline 23% to $19.6 billion despite capex more than doubling. To address mounting cash pressures,

According to Kitco News, Federal Reserve Chair Kevin Warsh said on Friday at the Jackson Hole Central Bank Symposium that price stability is more of a concern than the slowing labor market. Spot gold fell 1% to $4,552 per ounce following his speech, as markets priced in potential rate hikes. Warsh highlighted that the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7%, while the six-month change is 4.1%, indicating underlying inflation remains above the central bank'

According to CNBC, Affirm CEO Max Levchin said on Friday that high gas prices are weighing on U.S. consumer spending. The national average gas price stood at $4.09 per gallon, down from May's peak of $4.50 but still elevated. Levchin noted that consumers are seeking payment flexibility tools to manage inflationary pressures. Affirm reported fiscal Q4 revenue of $1.17 billion, beating the $1.11 billion estimate, with gross merchandise volume reaching $14.1 billion versus $13.39 billion expected.

According to industry data, South Korea's 10 major brokerages (Mirae Asset, Korea Investment, Samsung, KB, NH, Shinhan, Meritz, Kiwoom, Hana, Daeshin) posted combined net profit of 5.9 trillion won in the second quarter of 2026, up 37% quarter-on-quarter and 141% year-on-year. However, brokerage stocks have diverged sharply from earnings strength, with the Korea Exchange's securities sector index falling roughly 49% from its May 9 peak of 9,804.97 to the 5,000-5,500 range by August 28. Market an