Gate Crypto Flash News and Market Updates

Canadian Prime Minister Chrystien Freeland announced on August 22 that equivalent retaliatory tariffs on U.S. goods will take effect on September 8 in response to American tariffs. The move follows U.S. imposition of 50% tariffs on C$200 billion in Canadian goods. The retaliatory measures will cover multiple sectors including dairy, steel, appliances, pulp and paper, and electronics.

According to Korea Exchange on August 24, the SOL Cosmetics TOP3 Plus ETF surged 30.09% this month, becoming the top-performing listed ETF in South Korea. The rally reflects shifting investor demand from semiconductor-focused positions toward sectors with improved earnings performance.

According to Chosun Biz, on August 20, Stick Investment, the second-largest shareholder of electric vehicle fast-charging infrastructure operator Chaabi, encountered significant difficulties recovering over 100 billion won (approximately $750 million USD) invested in the company following its IPO. Despite implementing hedging mechanisms including put options to protect against losses, Stick faces substantial unrealized losses as Chaabi's share price has declined since the public listing.

According to Syria's state news agency, Syria reiterated that the Golan Heights constitute occupied Syrian territory and that the timing to discuss its final status remains premature.

According to the Syrian National News Agency, Syria stated today that its primary objective is for Israeli forces to withdraw to the border lines that existed before December 8, 2024, and to fully implement the 1974 Disengagement Agreement between Syria and Israel.

According to blockchain security firms PeckShield and CertiK, Term Finance's vaults were drained of approximately $8.5 million on Sunday after a governance exploit allowed an attacker to withdraw 2,843 ETH and 1.68 million USDC. The attacker converted the USDC to DAI and subsequently moved funds through a mixing protocol, according to PeckShield's on-chain analysis. The reported loss represents roughly 68% of the vaults' total value locked across all chains and nearly all Ethereum-denominated TV

China's chicken prices rose to 22.45 yuan per kilogram in the third week of August, marking two consecutive weeks of gains with a week-on-week increase of 0.1% and year-on-year gain of 0.2%. Driven by avian influenza and geopolitical disruptions affecting global poultry supply, Chinese chicken exporters capitalized on the opportunity through diversified products, competitive pricing, and high adaptability, resulting in a surge in export volumes.

According to Syria's state news agency, Syrian and Israeli delegations held talks in Jordan on Sunday (August 23) to discuss establishing mechanisms to halt Israeli aggression and restart negotiations. The meeting aims to reach a security agreement that would serve as the foundation for a broader accord, according to Syrian diplomatic sources.

According to Shanghai Securities News, on August 24, Alibaba completed pricing of an 80 billion Hong Kong dollar (approximately 10.2 billion US dollar) equity offering at HK$112.70 per share, raising 710 million shares. The net proceeds will be fully allocated to investment in full-stack AI capabilities and strengthening AI infrastructure. The offering involved participants including China International Capital Corporation, HSBC, Morgan Stanley, and UBS, with sovereign wealth funds from the Midd

On Aug. 23, economist and gold advocate Peter Schiff warned that artificial intelligence could threaten Bitcoin by competing with miners for electricity, capital, and data-center infrastructure. Schiff, a longtime Bitcoin critic, said on social media platform X that AI companies and bitcoin miners are rivals for speculative investment and computing power, rather than complementary technologies. Schiff also argued that increasingly powerful AI could discover vulnerabilities in Bitcoin's code or c

U.S. House Speaker Mike Johnson said he expects the Iran conflict to enter a new phase soon and believes allied nations will help the U.S. conclude the conflict. During an interview, Johnson stated: "I believe we will enter a completely new phase very soon. I am confident our allies will provide assistance in the next phase, and we will ultimately resolve this matter."

According to Pakistan's Foreign Ministry, Deputy Prime Minister and Foreign Minister Ishaq Dar arrived in London this week for an official visit. During his stay, he will meet with British officials to discuss bilateral relations and engage with the International Maritime Organization secretary-general on regional maritime security issues in the Middle East.

According to U.S. Central Command on August 23, the USS John Finn destroyer is conducting maritime interdiction operations against Iran in the Arabian Sea. The U.S. military has directed 70 vessels to alter course, disabled 3 commercial ships, and boarded 2 for inspection.

According to Xinhua News Agency, Brazilian left-wing leader Luiz Inácio Lula da Silva and right-wing candidate Flavio Bolsonaro held separate campaign rallies in Rio de Janeiro on August 23 to campaign for the 2026 presidential election. Both candidates appeared to rally their respective supporters.

According to the Wall Street Journal on August 23, Nvidia agreed to a $6 billion technology licensing deal with AI startup Pulsewide to develop competitive open-weight AI models targeting DeepSeek and Kimi. Nvidia will invest $1 billion in Pulsewide (valued at $12 billion) and pay an additional $6 billion for licensing, acquiring most of its engineers. Approximately 100 Pulsewide employees will transfer to Nvidia to develop the Nemotron model. Meanwhile, Nvidia notified major customers that AI s

According to Jin10 Data, this week bond investors will closely watch Federal Reserve Chair Wosh's speech at Jackson Hole for guidance on persistent inflation and fiscal challenges. Long-term U.S. Treasuries face potential further sell-off pressure if the Fed chair fails to provide additional forward guidance. Wosh has offered limited policy guidance since taking office in May, and his previous post-FOMC remarks triggered major bond market sell-offs, reflecting market sensitivity to his Friday ad

According to the UK Maritime Trade Operations (UKMTO), over the past 48 hours, merchant traffic through the Strait of Hormuz has sharply declined, with bidirectional vessel counts dropping to single digits. UKMTO reported no confirmed attacks or disruptions, but noted Iran continues threatening activities including drone overflights, directed surveillance of merchant vessels, and occasional VHF radio calls, which "demonstrate Iran's intent to maintain presence along critical shipping lanes and c

According to Donga Ilbo, South Korean investors ages 20-24 have suffered significant losses following investment advice from finfluencers on social media platforms including Instagram, Threads, and YouTube in recent months. A November 2024 survey by the Korea Financial Consumer Protection Foundation found that 10.5% of 2,500 surveyed investors lost money due to false information from finfluencers, with an average loss of 8.84 million won per person. The South Korean Financial Supervisory Service

According to Jin10, Canada-U.S. trade negotiations collapsed on the evening of August 22 over multiple issues, with discrepancies between the draft agreement text and prior consensus cited as a key factor, Canadian Ambassador to the U.S. Marc-André Blanchard said on August 23. Blanchard noted that no single issue caused the breakdown, which subsequently triggered a new round of tariff measures.

Iraq's Prime Minister security advisor recently proposed the establishment of a unified security coordination committee involving Iran and Saudi Arabia, according to the official statement.