Gate Crypto Flash News and Market Updates

According to Lookonchain monitoring, a trader sold 19.98 million PONS tokens on August 26 for 0.47 ETH ($1,166), having purchased them at 0.25 ETH ($610). The transaction realized only $556 in profit. The same tokens are now valued at $2.2 million, meaning the trader forfeited over $2 million in potential gains.

According to BlockBeats, trader Luyao stated on August 26 that while the broader crypto market remains in a bear cycle, HYPE is in a bull market after reaching all-time highs and will continue to break new records. Luyao emphasized that trend predictions are probabilistic, and traders should avoid overextending positions during uncertain market conditions. Per HTX exchange data, HYPE surged from a low of $51 to $81, briefly breaking through its previous all-time high of $83.

According to Barron's, this week Asia is emerging as the next competitive frontier in global quantum computing, with China, Singapore, Japan, and South Korea ramping up strategic investments and attracting major players including Quantinuum, Infleqtion, IQM, and IBM to deploy equipment and establish partnerships. Singapore committed to investing $37 billion by 2030 for quantum technology and has deployed Quantinuum's Helios quantum computer. Japan's Molecular Science Research Institute launched

According to CEO Sasan Goodarzi on Tuesday's earnings call, Intuit identified pricing as the primary reason TurboTax customers are leaving and said it will deliberately lower prices for its DIY tax products in fiscal 2027 to boost retention. "Price is now the number 1 reason customers leave TurboTax," Goodarzi said, adding the company lost quality DIY customers to low-cost competitors during the latest tax season. Intuit's fiscal 2027 revenue forecast of $23.28 billion to $23.51 billion fell sho

According to Citibank, on August 26, South Korea's central bank is expected to raise its benchmark rate from 2.75% to 3.00% in August, followed by additional rate hikes in November and February, bringing the benchmark rate to 3.50%. Citibank also retained the possibility of faster-than-expected tightening, noting that the benchmark rate could rise as high as 3.75% annually if the central bank accelerates its pace of rate hikes in response to inflation and economic conditions.

According to iNews24, Hanmi Pharmaceutical signed an exclusive technology transfer agreement with Genentech, a Roche subsidiary, on August 26 for the investigational obesity and metabolic disease treatment HM17321, with a total deal value of approximately $2.3 billion. The company will receive $190 million in upfront payments with no repayment obligation, equivalent to 1.5 times its prior-year operating profit. This marks Hanmi's second major technology transfer deal in 2026, following a June ag

China's overnight SHIBOR (Shanghai Interbank Offered Rate) traded at 1.4120% overnight, down 2.3 basis points. The 7-day SHIBOR declined 2.95 basis points to 1.4240%, while the 3-month SHIBOR remained flat at 1.4300%.

According to Singapore Maritime Port Authority data, Singapore maritime fuel sales in July 2026 reached 4.73 million tons, rising 1.35% month-on-month and declining 3.78% year-on-year. The number of vessels bunkering at Singapore ports reached 3,675, up 1.57% from the previous month, with average fuel per vessel at approximately 1,287 tons. August supply tightness continued to support the market, as reduced arbitrage inflows of low-sulfur fuel and Middle East tensions plus Ukrainian strikes on R

According to BlockBeats, a whale address (0x6046) closed a 559.36 BTC short position yesterday, incurring a loss of approximately $810,100, then reversed into a long position within 10 minutes. The address purchased 428.287 BTC for approximately $34.59 million at an average entry price of $80,761. The long position now shows an unrealized loss of approximately $677,100. Combined with the realized loss from the short closure, total losses across both position reversals amount to approximately $1.

According to RootData, DoubleZero (2Z) will unlock approximately 13.541 million tokens worth about $7.64 million on September 2 at 1 PM Beijing time.

According to RootData, Somnia (SOMI) will unlock approximately 19.97 million tokens worth around $2.18 million on September 2 at midnight Beijing time.

According to RootData, Zama will unlock approximately 279.58 million ZAMA tokens valued at around $14.8 million on September 2 at 00:00 UTC+8.

According to RootData, Quack AI (Q token) will unlock approximately 248.6 million tokens worth about $5.45 million on September 2 at 00:00 UTC+8.

According to RootData, the Web3 asset data platform, Ethena (ENA) will unlock approximately 110.95 million tokens on September 2, 2026, worth approximately $16 million.

According to TradingBeats, a whale trading SKHX yesterday (Aug 26) has accumulated 35,600 long positions worth approximately $44.2 million and achieved unrealized gains of about $2.559 million at current price of $1,240, which represents a 24-hour increase of 7.8%. This morning before the U.S. market close, the whale posted 100 sell orders concentrated between $1,320-$1,350, with a weighted average price of $1,335, planning to exit nearly its entire position worth approximately $47.59 million. I

According to Money Today, South Korea's stock market entered a holding pattern on August 26 ahead of Nvidia's earnings report and the U.S. July personal consumption expenditures (PCE) inflation data scheduled for release today. The KOSPI opened down 0.23% at 6,727.25 points, while the KOSDAQ fell 0.29% to 824.77 points. By 11:29 a.m., the KOSPI recovered to 6,816.82, up 1.10%. Analysts note that investors are adopting a wait-and-see approach until key corporate earnings and inflation data clarif

London spot gold rose 0.21% overnight to touch $4,696.83, marking a new high since mid-May. U.S. August consumer confidence fell to 89.4, the lowest level since January, according to the Conference Board. Meanwhile, U.S.-Iran ceasefire negotiations advanced significantly, with media reports indicating the two sides have reached consensus on ceasefire terms including freedom of navigation in the Strait of Hormuz, weighing on oil prices. Boston Federal Reserve President Beth Colins noted that cont

According to on-chain analyst Ai Yi's monitoring, mtaavebank.eth opened an 8x short position in CRCL early today, becoming the largest CRCL position holder on Hyperliquid with 162,593.75 CRCL worth approximately $14.95 million. The position was entered at $91.241 and is currently facing an unrealized loss of $121,000. Notably, this marks the address's first short trade in CRCL. Across 11 previous long trades, mtaavebank.eth accumulated profits exceeding $981,000.

According to Taiwan Affairs Office spokesman Zhang Han on August 26, the Democratic Progressive Party said it has no plans to reopen the Penghu 'mini three links' due to security concerns over mainland military activities. In response, Beijing highlighted the route's importance as a civil exchange channel. Since August 2024, mainland residents have made approximately 350,000 visits to Kinmen and Matsu via the existing links, Zhang stated, calling it a vital livelihood corridor connecting both si

According to Guru Club, on Tuesday (Aug 26), New York copper futures hit a record high of $6.7270 per pound, up 1.8%, surpassing the previous record of $6.7140 set on Aug 12. The September contract equivalent was approximately $14,830 per ton. Trade flows are being reshaped by anticipated U.S. tariffs of 15% on refined copper starting January 2027, potentially rising to 30% by 2028. Traders are redirecting large volumes of copper to the U.S. market in advance, triggering global price increases a