Gate Crypto Flash News and Market Updates

According to the State Council Information Office, on August 28, China's 2026 Service Trade Fair will establish its first dedicated 'China Services' exhibition section in the core area of the main theme pavilion. The section will showcase innovation achievements and representative cases from service trade sectors across regions. The fair will continue hosting the Global Service Trade Summit at high profile level and release authoritative reports including the China Service Trade Development Repo

Japan's 5-year government bond yield increased 2.5 basis points to 1.16% today. The move reflects recent shifts in market expectations regarding monetary policy and economic conditions.

According to market data, Nvidia's market cap surged by approximately 611 trillion won on Aug 28 following strong earnings results. The tech giant's financial performance confirmed robust demand for AI data center services, driving renewed investor confidence in the global semiconductor sector. Strengthened U.S. regulations against Chinese power equipment also fueled gains in South Korean power equipment and battery stocks, which posted significant advances on the back of the earnings momentum a

According to ChainCatcher, New Zealand's Association of Consumers and Taxpayers (ACT), the fourth-largest party in parliament, has proposed exempting capital gains tax on crypto assets held for over one year by individual retail investors. Assets held for less than one year and those held by professional traders or businesses would remain subject to current tax rules. ACT further proposed tax exemptions for small personal purchases using crypto and called for clear regulatory and tax rules for c

According to South Korea's Ministry of Science and ICT on August 28, three consortiums—led by SK Telecom, Kakao, and KT—were selected to operate the 'AI For All' project, a nationwide free AI service backed by government funding. The ministry plans to sign agreements with the consortiums in September and launch the service by year-end. The government will provide 512 Nvidia B200 GPUs to the operators this year, with full service costs covered through the state budget starting next year. SK Telec

The People's Bank of China conducted a 20 billion yuan 7-day reverse repurchase agreement operation today (August 28), with both bids and accepted amounts at 20 billion yuan. The operation rate was set at 1.40%.

BitGo completed the acquisition of NYDIG's institutional trading business today, according to its Thursday announcement. The deal includes approximately 30 NYDIG employees and their client relationships. NYDIG's business provides derivatives, structured products, financing, and capital markets solutions. BitGo plans to expand its institutional markets platform by offering derivatives and enhancing financing capabilities. BitGo's NYSE stock (BTGO) rose 1.99% to close at $7.16 on Thursday. NYDIG w

According to Bitcoin News, on August 28, French tax authorities disclosed that approximately 678,000 personal and corporate records were stolen in a data breach affecting the tax agency. The leaked data included names, addresses, income, and property information. CertiK data shows that among 52 verified crypto-related physical attacks globally in the first half of 2026, 33 occurred in France. French prosecutors previously charged a tax employee with using government databases to identify crypto

According to The Fact on August 27, Kiwoome Securities recorded a 62.5% withdrawal rate for new IPO preliminary reviews in 2024-2025, the highest among nine major Korean securities firms. The firm filed 8 petitions for general company IPOs during this period, with 5 withdrawn at the preliminary examination stage. The next highest withdrawal rate among competitors was 33.3%, leaving a gap of 29.2 percentage points. As of mid-August, Kiwoome Securities has not filed any new general company IPO app

According to BlockBeats, major Bitcoin holder Garrett Jin stated on August 28 that Bitcoin is approaching a supply-dense zone, with key resistance between $80,000 and $82,500. U.S. spot ETFs have accumulated $2.8 billion in inflows over eight consecutive trading days, with August totaling $3.3 billion—the highest monthly inflow this year. On-chain data shows seven-day average net realized profit of $752 million, with realized gains near $1.1 billion against losses of $354 million. Garrett Jin no

China's CNY/USD midpoint rose to 6.7811 on August 28, up 29 pips from the previous session's 6.7840. The official closing rate was 6.7199 on the previous trading day, with the evening session closing at 6.7200.

According to Jin10 data, 1,018 new ETFs were launched globally in the second quarter of 2026, with active management strategies accounting for 63.6% of total issuance. The surge in ETF creation reflects growing demand for structured investment products amid geopolitical tensions, including Venezuela's reported consideration of withdrawing from OPEC and escalating trade disputes, with Canada expanding retaliatory tariffs on U.S. goods including copper wire and charcoal. Domestic Chinese markets s

According to analysts at the Accelerating Bitcoin conference earlier this month, bitcoin mining consumes 30% of Paraguay's total electricity, potentially sparking an energy crisis by 2029. Energy researcher Victorio Oxilia stated that mining operations consume the output of one and a half turbines from the Itaipu dam. Mining energy contracts expire in 2027, and Paraguay would need $11–15 billion in infrastructure investment over the next 13 years to meet future demand.

According to Chosun Biz Money Move, Enexx's management rights acquisition faced financing difficulties from the buyer on August 27, potentially delaying the deal's completion to year-end and raising the risk of subsidiary listing designation.

According to Yonhap Infomax, on August 28, the USD-KRW exchange rate was expected to fluctuate around 1,380 won amid large foreign dividend inflows. Listed companies' quarterly dividends are projected to bring foreign investor reverse remittance demand worth approximately 1.6 trillion won ($11.6 billion), with Samsung Electronics accounting for $900 million. This currency conversion demand could exert upward pressure on USD-KRW. Market movement remained cautious ahead of Federal Reserve Chair Ke

According to CryptoQuant, on August 26, Bitcoin's Coinbase premium index returned to zero after 14 consecutive days of deficit, accompanied by large-scale profit-taking. Realized profits averaged $933 million weekly, up 824% week-over-week, while exchange inflows for tokens held 1-3 months surged 280%, and daily inflows from 1,000-10,000 BTC wallets reached 1,136 BTC, up 235%. Exchange flows diverged sharply: Binance saw net inflows of 2,184 BTC on average while total exchange net outflows reach

According to ChainCatcher, researchers from SemiAnalysis and P Equity Research, including Nick Doyle, recently discussed high-bandwidth flash (HBF) technology in an X Space session. Doyle stated it remains too early to assess how much HBF's cost premium versus HBM could narrow, as current data largely reflects vendor claims; Sandisk suggests per-bit costs at roughly one-eighth of HBM, yet structural costs from TSV, stacking, and pSLC modes will persist, while durability represents a critical unk

According to CNBC analysis, the two High-Flyer affiliate funds have secured $26 million in pre-IPO shares of memory chipmaker CXMT this year, marking their largest allocation among China's strategically important tech IPOs. CXMT surged more than fivefold during its Shanghai debut in July and has gained an additional 20% as of August 28. High-Flyer, the hedge fund founded by DeepSeek founder Liang Wenfeng, also secured $5.8 million in Unitree Robotics, which jumped 460% on its IPO day last week b

According to Shin Young Securities, U.S. President Donald Trump signed an executive order on August 26 restricting foreign power equipment imports on grid security grounds, signaling potential benefits for South Korean battery makers. The move aims to reduce China's dominance in the North American energy storage system (ESS) market, where Chinese firms currently hold 76% market share compared to Korea's 20%, according to SNE Research data for the first half of 2026. South Korean battery companie

According to Guru Club, Shanghai Silver main contract futures rose over 2% on Aug 28, trading at 17,024 yuan per kilogram.