Gate Crypto Flash News and Market Updates

According to Bloomberg, U.S. federal authorities are preparing to sue a military officer for insider trading on the Polymarket prediction platform on August 28. The officer allegedly profited over $1 million by betting on military strikes related to Iran and Venezuela since spring. The Justice Department is also investigating a KPMG employee accused of betting on a company's earnings exceeding market expectations, as part of a broader enforcement push against war contract trading involving class

According to Hanhwa Asset Management, on August 28, the company slashed total fees on two S&P 500 ETFs to 0.0062% annually. The PLUS S&P 500 (unhedged) ETF dropped from 0.07% to 0.0062%, while the PLUS S&P 500 (H) (currency-hedged) product fell from 0.30% to 0.0062%. The unified fee structure allows investors to choose between currency-hedged and unhedged versions based on their outlook without cost differentiation.

According to Yonhapinfomax, Bank of Korea announced on August 28 the establishment of IT operating procedures for its 24-hour won international settlement network. The procedures, disclosed ahead of the system's pilot launch in September, outline emergency protocols for system failures and disasters affecting won settlement processes. The framework includes mandatory disaster recovery drills for participating financial institutions and contingency procedures to maintain settlement functions even

According to market sources, South Korea, the United States, and Japan will launch joint military exercises called 'Freedom Edge' starting September 7, 2026.

According to Cointelegraph, on August 28, the U.S. Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) finalized a new regulation requiring bank regulators to demonstrate substantial financial risk or legal violations before taking enforcement action against unsafe or unsound banking practices.

Japan's Nikkei 225 index opened lower on Friday, August 28, falling 103.36 points, or 0.16%, to 66,028.62.

According to Ethena, on August 27, the protocol's foundation acquired remaining unlocked ENA tokens from early investors via over-the-counter transactions and agreed to fully unlock all remaining investor allocations on October 5. The moves eliminate monthly token releases from early investors into the market. Ethena is also activating a fee switch governance vote that will direct an increasing share of protocol revenue to the foundation as USDe stablecoin circulation grows—5% at $7.5 billion, 1

According to NXT, Samsung Electronics and SK Hynix declined around 1% in pre-market trading on Aug 28, as of 8:34 a.m. local time. The decline came despite Nvidia surging over 8% overnight on the New York Stock Exchange, as gains from the previous day's earnings expectations were already reflected in domestic markets, triggering profit-taking.

According to The Block, Polish Olympic Committee President Radosław Piesiewicz was detained on August 28 over bribery allegations linked to crypto platform Zondacrypto. The investigation revealed that the platform's CEO gave Piesiewicz a watch worth over $40,000 as part of a sponsorship agreement. Zondacrypto collapsed in April due to liquidity crisis. Polish Sports and Tourism Minister said Piesiewicz had "tarnished Poland's Olympic spirit."

According to Odaily, crypto miner IREN reported Q4 FY2026 revenue of $137 million, falling short of the $157 million analyst consensus. Adjusted EBITDA came in at $19.2 million, approximately 53% below expectations, and shares declined over 8% in after-hours trading. The company, which is transitioning to neocloud services, saw AI cloud service revenue rise to $70.5 million while bitcoin mining revenue declined to $66.7 million.

According to Yahoo Finance, on August 27, Apple investors are facing renewed concerns about the company's near-term earnings outlook amid astronomical increases in memory chip prices. Nvidia CFO Colette Kress stated on August 26 that memory semiconductor prices have surged to astronomical levels, with uncertainty over supply volumes and pricing even after securing orders. Apple issued conservative revenue guidance in late July, primarily due to insufficient memory chip supplies. CEO Tim Cook, pr

According to Yonhap Infomax, on August 27, SK Hynix experienced unusual market trading as individual investors, foreign investors, and institutions collectively sold the stock while corporate entities—primarily through SK Hynix's own share buyback program—purchased 1.1 trillion won in shares. Individual investors sold 911.4 billion won, foreign investors sold 130.8 billion won, and institutional investors sold 79.1 billion won, with the corporate buyback absorbing all selling pressure. SK Hynix

According to Reuters on Aug 28, Anthropic had discussed acquiring artificial intelligence chip startup MatX for approximately $7 billion to accelerate custom hardware development for its AI business. The acquisition talks later evolved into discussions about a partnership, according to sources. MatX is currently seeking new funding at an estimated $4 billion valuation. The discussions also indicate Anthropic may be interested in developing training chips, while other chip startups and OpenAI foc

According to Daishin Securities, South Korea's KOSPI index is expected to recover above the 7,000 level next week (August 28), driven by strong performance from semiconductor stocks and shareholder return initiatives. Daishin Securities analyst cited robust earnings from Nvidia and accelerating shareholder buyback programs as key momentum drivers for the semiconductor sector. The index has been supported by these positive factors as major chip companies implement capital return policies.

According to CCTV News, heavy rainfall is expected to persist in Jilong County, Tibet for the next three days starting August 27, with daytime temperatures of 18-20°C and overnight lows of 8-9°C. Precipitation will be frequent but light, mainly drizzle, though authorities warn of potential impacts on transportation. The Sichuan-Tibet region will also experience sustained rain; road surfaces are expected to remain slippery.

According to South Korea's Coast Guard, a 7,000-ton product tanker caught fire off Incheon on Thursday evening (August 27) at approximately 10:38 PM. The vessel was carrying petroleum products; the fire has been extinguished and did not spread to the fuel storage compartment. Of the 18 crew members aboard, 2 were killed and 16 were rescued in stable condition. The Coast Guard suspects the fire originated in the ship's engine room.

According to CNBC, Goldman Sachs analyst Gabriela Borges maintained a Buy rating on Salesforce (NYSE: CRM) on August 27, setting a price target of $271, which implies approximately 32% additional upside from current levels. Borges noted that Salesforce is demonstrating early success in both product maturity and monetization of its AI strategy. The company's latest earnings beat expectations, posting adjusted earnings per share of $5.90 against a Wall Street consensus of $3.27, with revenue reach

According to CNBC and Tech Stocks, Autodesk shares fell 5% in after-hours trading on August 27 after posting better-than-expected fiscal 2027 Q2 results. The software company reported revenue of $2.046 billion, up 16% year-over-year, with non-GAAP EPS of $3.30 and Q2 free cash flow of $561 million, up 24% year-over-year. The stock decline followed Autodesk's decision to cut its full-year free cash flow guidance midpoint to $2.725-2.750 billion from $2.750-2.775 billion, despite raising its annua

According to Jin10 data, Russian forces conducted coordinated strikes against Ukraine's military-industrial facilities, oil refineries, logistics centers, and Black Sea ports on August 28, targeting Kyiv and multiple coastal cities. The Russian Defense Ministry stated it attacked military supply infrastructure, petroleum extraction and refining plants, and port facilities serving Ukrainian armed forces. Ukrainian officials reported significant damage to critical infrastructure, including a therm

According to the Wall Street Journal, Nvidia has suspended part of its AI compute partnership program on August 28, citing antitrust concerns. The company's employees worried the plan could trigger regulatory scrutiny regarding Nvidia's influence over customers' business operations. The suspended "AI Compute Partnership Program" promised cloud service providers revenue guarantees by committing to rent their GPU capacity if they could not find other customers. Nvidia disclosed this week that such