Gate Crypto Flash News and Market Updates

According to Cryptoquant, altcoin trading volume reached 65% of Binance's total trading volume on August 25, the highest share recorded in two years. Bitcoin accounted for 21% and Ethereum 13.6% of the exchange's trading activity during the same period, as traders shifted capital toward smaller tokens amid the broader market rally. Altcoin market capitalization rose by approximately $135 billion during the rally window, while Bitcoin surpassed $81,000. The total cryptocurrency market added close

According to Coinpaper, investor Michael Burry disclosed increased short stock positions in Nvidia, Palantir, Oracle, Nebius, and Caterpillar, representing more than 21% of his portfolio in fiscal second quarter 2027. Burry simultaneously purchased December Nvidia call options with strike prices in the mid-to-high $200 range as a hedge against his larger short positions, clarifying that the calls are designed to limit risk rather than signal a reversal of his bearish thesis. Burry's move reflect

According to SMIC's official H1 2026 financial report (period: January 1 - June 30, 2026), the company generated revenue of 38.635 billion yuan, up 19.4% year-over-year, with net profit attributable to shareholders reaching 4.467 billion yuan, surging 94.2%. Operating cash flow reached 20.76 billion yuan, more than tripling from the prior year.

According to Financial News, on August 27, SK Telecom received a combined 3.08 trillion won investment from KKR and IMM Investment-Stonebridge Capital consortium for a 49% stake in AI infrastructure company SK Horizon. The transaction followed a two-stage structure: KKR and IMM first acquired SK Telecom's existing shares for approximately 1.88 trillion won, reducing SKT's ownership to 63%, then SK Horizon issued new shares worth 1.2 trillion won to the consortium, bringing SKT's final stake to 5

According to PeckShieldAlert, Moonwell, a lending protocol on Base, suffered an attack today (August 27), resulting in $8.7 million in losses.

According to the Israeli Defense Forces, Hezbollah fired two unmanned drones at Israeli forces deployed in Lebanon on Thursday evening (August 27).

According to NATO Secretary General Mark Rutte, today's meeting in Brussels demonstrates that the United States is consulting with allies on its military deployment in Europe.

Best Buy reported second-quarter fiscal results that exceeded expectations on Thursday (quarter ended August 1), with comparable sales growth of 4.1% versus prior guidance of 1%, according to CNBC. The company also raised its full-year financial guidance, now expecting revenue between $42.3 billion and $42.8 billion compared to prior guidance of $41.2 billion to $42.1 billion. The consumer electronics retailer reported adjusted earnings per share of $1.47 versus analyst expectations of $1.38, an

Best Buy reported Q2 revenue of $97.8 billion, exceeding the forecast of $95.9 billion. Adjusted earnings per share came in at $1.47, above the expected $1.38. The retailer raised its full-year revenue guidance to $423–$428 billion from the prior range of $412–$421 billion. Same-store sales growth guidance was upgraded to 1.9%–3.0% from a previous forecast of a decline of 1% to growth of 1%.

According to Tech Funding News, OpenAI is currently preparing a second venture investment fund worth $400 million, significantly larger than its initial $175 million fund. The company plans to recruit experienced venture capital professionals to manage the new fund.

According to CoinDesk, Unstoppable Domains and five brand partners have abandoned efforts to secure ICANN approval for 14 domain name extensions, including .crypto, .wallet, .bitcoin, and .brave, to become recognized on the traditional internet. The decision was driven by prohibitive costs, with ICANN charging $227,000 in assessment fees per new generic top-level domain application, bringing total application expenses to over $2 million.

According to Jin10, on August 27, Russian presidential spokesman Dmitry Peskov said Russia currently has no concrete plans or timeline for the next round of negotiations with Ukraine, responding to Ukrainian official statements about a possible September meeting. Peskov noted that Moscow continues contacts with the United States and remains open to peace negotiations.

This week, a fire at the Amur Gas Chemical Plant in Russia claimed 15 lives, according to reports. The incident has been confirmed as the plant's most significant casualty event reported this week.

According to Binance founder Changpeng Zhao at Bitcoin Asia 2026, he has discussed tokenization of data centers with multiple leading AI companies as a potential fundraising mechanism. Building 1 gigawatt of compute capacity requires $30-50 billion, while some AI firms plan to construct hundreds of gigawatts over the coming years, with total investments potentially reaching trillions of dollars. Tokenizing data centers would allow token holders to share future revenues from infrastructure usage.

According to its official announcement, Huobi HTX opens TAO/USDT spot and grid trading on August 27 at 21:00 UTC+8. TAO deposits are now available, with withdrawals opening on August 28 at 21:00 UTC+8.

According to IRNA, Iran and Qatar's foreign ministers held talks in Tehran on August 27.

According to Citrini, Nvidia stock is expected to reach new highs, with the research firm noting that short sellers financing positions will rapidly cover while benchmark SPX-based long managers adjust positions more slowly. As of premarket trading on Aug 27, Nvidia was quoted at $224.6, up 7.17%, according to BIT exchange data.

According to ChainCatcher, U.S. spot Bitcoin ETFs recorded net inflows of $2.8 billion over eight consecutive trading days through Thursday, with BTC trading near $79,520 and up 1.1% in 24 hours. BlackRock's IBIT accounted for $2.02 billion of the inflows, representing 72% of the total, while Grayscale's GBTC saw net outflows of $50.4 million on Wednesday. Daily inflows have declined from a peak of $606.3 million on August 20, suggesting moderating buying pressure.

According to India's Foreign Minister, Prime Minister Narendra Modi will attend the Shanghai Cooperation Organization summit in Bishkek, Kyrgyzstan, from August 31 to September 1.

According to Reuters, Brent crude fell to $87.43 per barrel and West Texas Intermediate to $81.86 early Thursday (Aug 27), extending multi-session declines as Iran, Oman and Qatar pursued talks aimed at easing disruptions around the Strait of Hormuz. U.S. distillate inventories declined 2.2 million barrels to 103.4 million barrels in the latest reporting week, leaving stocks about 14% below the five-year seasonal average, even as crude prices retreated.