Gate Crypto Flash News and Market Updates

According to Ripple's Head of Product Jazzi Cooper, five new features will be included in xrpld 3.3.0 expected next week. The updates aim to expand XRP Ledger's use in institutional finance and tokenized asset markets. The features include Confidential MPT for native privacy support, Batch for atomic multi-transaction execution, Delegation of Authority for limited transaction permissions, Sponsored Fees and Reserves to cover user transaction costs, and Dynamic MPT to allow token issuers to updat

At Rare Evo in Las Vegas this week, Margie Feng, Head of Marketing at Solayer and Margin Trade, outlined why blockchain adoption depends on product quality, not marketing narratives. Feng argued that mainstream adoption is a product problem: users adopt services that work better and feel familiar, not because they are decentralized. Solayer Pay, a Visa-compatible payment card, has already issued over 13,000 cards allowing users to spend USDC like traditional payment methods. Margin Trade, the co

According to BNB Chain's Saturday post on X, the blockchain firm is pursuing legal action against a former employee who allegedly used unauthorized access to a tutorial wallet's seed phrase to launch and profit from memecoin Asteroid Shiba (ASTEROID). The wallet was originally created for a video tutorial featuring test token TST in February 2025. The former employee deployed ASTEROID and used four newly created wallets to purchase 796.7 million tokens (79.67% of supply) for approximately $10,00

According to Bitcoin.com News, a firmware vulnerability in Coinkite's Coldcard hardware wallet discovered on Aug. 1 allowed attackers to reconstruct private keys and steal approximately 1,128.6633 BTC from roughly 1,100 addresses. The flaw, dating back to 2021, caused the device to skip its internal random-number generator in favor of a weaker process tied to non-secret device information, narrowing the possible key space for attackers. Security researcher Kevin Loaec's assessment published Aug.

According to Iran's Foreign Ministry statement on August 1, Iran vowed to continue defensive strikes as the country accused the United States of violating a June 28 ceasefire agreement. The statement alleged that the U.S. maintains a maritime blockade on Iranian ports and commercial shipping, carries out military attacks across the nation, and intensifies economic pressure through illegal sanctions. Iran's armed forces said they would pursue full-scale defensive operations in response.

According to Bitcoin News monitoring, Galaxy has identified a third wave of COLDCARD attacks with estimated losses exceeding $88 million. Users holding funds in ColdCard devices of any model manufactured after 2020 are advised to transfer Bitcoin immediately.

According to Sky News, Ukrainian President Volodymyr Zelenskyy thanked the United Arab Emirates President for ongoing diplomatic efforts in facilitating prisoner exchanges between Russia and Ukraine.

According to CoinGecko, Pi Coin (PI) rose 8% to $0.0870 on Saturday, ranking second on the platform's trending list. The price surge comes days before an August 11 hard deadline for node operators to install Protocol v26. Nodes missing the deadline will be disconnected from the network.

According to Coinbase, the exchange's Head of Institutional Strategy John D'Agostino expressed confidence the Digital Asset Market Clarity Act will ultimately pass the Senate, citing precedent from the GENIUS Act's similarly contentious final passage in July 2025. However, market participants show far lower conviction: JPMorgan analysts assign the bill only a 37% chance of passage, while Polymarket bettors put odds at 31%, down from 39% two weeks earlier. The Senate Banking Committee advanced th

According to Onchain Lens, Hyperliquid destroyed 8,570 HYPE tokens worth approximately $494,400 over the past 24 hours. The protocol's cumulative HYPE burn has reached 46.17 million tokens, valued at approximately $2.4 billion, representing 4.62% of the 1 billion token maximum supply. In the same period, Hyperliquid allocated $1.45 million in protocol revenue to its Assistance Fund.

U.S. President Trump stated today that he is destroying Iran's currency, with the country facing serious inflation. The statement reflects ongoing U.S. economic pressure on Iran's economy.

According to Minnesota's commerce department and Governor Tim Walz's signed law SF 3868, a crypto ATM ban took effect in the state on August 1, 2026, following reports of approximately $1 million in losses from crypto ATM scams between 2023 and 2025. All crypto ATM operators must deactivate machines by August 1 and remove them by December 31. Before the ban, 201 crypto ATMs and kiosks were operating in Minnesota. Minnesota's commerce department reported that such schemes disproportionately targe

According to Jin10, the EU announced on August 1 that it will hold an emergency video conference on August 4 with interior ministers from member states to discuss the migration crisis in Spain's Ceuta enclave and EU response measures. The meeting was proposed by Spain, with Prime Minister Pedro Sanchez having previously urged EU leadership to coordinate action on the ongoing crisis.

According to Bitcoin.com News, U.S. spot bitcoin ETFs posted $265.4 million in net outflows on July 31, led by Blackrock's iShares Bitcoin Trust (IBIT) with $122.7 million in redemptions and Fidelity's FBTC with $54.8 million. The two funds accounted for roughly two-thirds of the day's total outflow. Spot ether ETFs bucked the trend with approximately $9.03 million in net inflows on the same day, with Blackrock's iShares Ethereum Trust (ETHA) again leading contributions.

According to Jin10, former U.S. Vice President Harris stated on August 1 that the Iran war is a conflict that current President Trump chose to enter, in alliance with Israel, while no clear national security issue exists for the United States.

According to Israel's Channel 12, an Israeli official stated on August 2 that current tensions have reached their peak and the situation is on the brink of escalation. The Israeli government assessed that U.S. President Trump is closer than ever to launching a major strike against Iran, though no decision has been finalized. The White House has reportedly proposed targeting Iran's energy facilities with large-scale, targeted strikes that could destabilize the regime without necessarily triggerin

Revolut has partnered with OpenAI to offer ChatGPT Go free to millions of its paid customers beginning Thursday, with subscription length varying by membership tier. Ultra subscribers receive 12 months of ChatGPT Go plus a separate 12-month Buddy pass. Metal and Premium customers receive 12 months and 6 months respectively. Standard and Plus customers qualify for 3 months on a promotional basis. ChatGPT Go normally costs £7 per month in the UK.

Senator Cynthia Lummis (R-WY) challenged Democratic holdouts on the Digital Asset Market Clarity Act, also known as the CLARITY Act, during a Thursday Senate floor speech, asking them to name specific provisions they oppose. According to Lummis, the bill already incorporates over 100 Democratic proposals after 11 months of negotiations, including 33 edits to Title One, three new titles, and 23 sections addressing illicit finance. The legislation now includes ethics provisions that prohibit the p

According to Israeli Channel 13, senior Israeli officials predicted on August 1 that Trump will soon order the resumption of fighting. Israel has entered its highest alert status in response to the anticipated development.

According to Jordanian officials, Iraq has pledged to strike pro-Iranian militias should they attack Jordan on August 1. Jordan expects Iraq to take measures to contain the militia groups.