Gate Crypto Flash News and Market Updates

According to U.S. Treasury Secretary Scott Bessent's statement on August 27, the U.S. and Japan's rare joint intervention to support the yen in July was intended to prevent disorderly market moves that could force liquidations and threaten global financial stability, ultimately raising U.S. interest rates and borrowing costs. Bessent emphasized that Japan, the largest foreign holder of U.S. Treasury debt, faces contagion risk if the yen experiences severe volatility. Japan disclosed Friday that

WTI October crude futures closed at $83.40 per barrel today. Abu Dhabi Murban crude futures rose 1.09% to $94.04 per barrel, though the contract has declined 9.13% since the start of the week.

According to Shanghai Gold Exchange, gold and silver futures prices declined during evening trading on August 28. Gold (T+D) fell 2.64% to close at 964.55 yuan per gram, while silver (T+D) dropped 3.89% to 16,187.0 yuan per kilogram.

Shanghai Futures Exchange crude oil futures (DCE crude, 2610 contract) closed up 3.66% overnight on Aug 28, settling at 614 yuan per barrel. Shanghai gold futures fell 2.65% and Shanghai silver futures declined 3.62% during the same overnight session.

According to CNBC, Imax shares reached an all-time high of $54.79 this week, up nearly 80% over the past 12 months, despite limited acquisition interest nine months after CEO Rich Gelfond first signaled openness to a sale in December. The company held preliminary discussions with potential buyers earlier in 2026 but has not fielded formal bids. Analysts attribute the lack of suitors partly to the stock's elevated valuation, with major studios facing potential conflicts of interest and tech giant

According to The Verge, Meta closed a loophole on Friday that allowed users to bypass the recording alert LED by covering it after recording started. Previously, Meta only deactivated recording if users covered the light before starting to capture video, creating an opening for users to circumvent the safeguard. In a Threads post, Meta's VP of wearables Alex Himel announced that an update will be rolled out soon ensuring that "the camera will now stop working if the light is covered during a rec

According to Legiscan, the California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday to restrict digital asset service providers from offering memecoins issued by or in partnership with public officials. The bill defines memecoins as digital assets whose value derives primarily from public interest, speculation, or community engagement. The restrictions take effect on January 1, 2027. The Assembly subsequently voted 78-0 to concur in the Senate's amendments, and the bill now awaits

According to Arthur Hayes on Laura Shin's Unchained Podcast, Strategy Inc. (Nasdaq: MSTR) mNAV premium compressed to roughly 0.74x on August 27, erasing the stock's historic valuation edge. The company holds 840,447 BTC while owing approximately $1.5 billion annually in STRK and STRC preferred-share dividends. Hayes argued that bitcoin need not fall for Strategy's model to break—sideways price grind is sufficient. With the premium nearly gone, Strategy can no longer fund a new buying cycle throu

According to CNBC, Netflix released the first official preview of Grand Theft Auto 6 on Thursday, causing both Netflix and Twitch to experience significant technical strain from overwhelming demand. Netflix confirmed viewers briefly encountered access issues, while Twitch faced bandwidth constraints as players posted reactions on the platform. Global preorders for the game totaled $260 million, with analytics firm Newzoo projecting potential sales of $4.5 billion by launch week. Take-Two Interac

According to ChainCatcher, citing BitcoinTreasuries.NET, Strive's ASST product acquired 2,680 BTC over the past five days, marking a historical record for the company. ASST has also surged 100% over the past month, as the firm experienced its best week on record.

According to Guru Club, on Friday (August 28), China's main stock indices closed lower. The Shanghai Composite fell 0.11% to 3,952.18 points, the Shenzhen Component dropped 0.68% to 13,953.07 points, and the ChiNext Index declined 1.41% to 3,424.40 points. Combined trading volume on both exchanges reached 2.1 trillion yuan. Healthcare and semiconductor stocks weighed on the market, while chemical and agricultural sectors rallied.

According to the European Space Agency (ESA), announced Thursday, the agency signed contracts with European launch startups to support development of new launch vehicles under the European Launcher Challenge initiative. Rocket Factory Augsburg received 186.9 million euros for development of the RFA One rocket, PLD Space received 158.9 million euros for the Miura 5 rocket, and Isar Aerospace received 197.8 million euros for the Spectrum launcher. Germany, Spain, Austria, Norway, and the United Ki

According to Lookonchain data, Chinese crypto analyst Garrett Jin opened a new long position of 600 BTC on August 26 at approximately $79,000, worth around $47.4 million. Following this position, Jin's total long position reached 1,868 BTC with an average entry price of approximately $77,090.

According to the Intercontinental Exchange (ICE), as of the week ending August 25, speculators reduced their net long positions in Brent crude oil by 28,299 contracts to 223,598 contracts.

According to the Wall Street Journal, citing U.S. officials, Defense Secretary Hegseths is considering inviting hundreds of senior military personnel to Marine Corps Base Quantico, Virginia, this year to hear remarks.

According to an Aug. 28 announcement, French Bitcoin treasury company Capital B raised €21.0 million ($24.5 million) through private share placement, with participation from legendary cypherpunk and Blockstream CEO Adam Back as well as asset manager TOBAM. Capital B plans to use the proceeds to acquire 270 Bitcoin, raising its total holdings to 3,415 BTC. The company currently ranks as the 29th largest publicly traded Bitcoin treasury, holding 3,415 BTC worth approximately $249 million at the ti

According to The Verge, Meta on Friday rolled out an update that closes a privacy loophole in its AI glasses. Previously, users could cover the LED indicator light after starting a recording to hide that the device was capturing footage; the glasses only blocked recording if the light was covered before recording began. The new update ensures the camera stops recording if the LED light is covered during an active recording session, Meta executive vice president of wearables Alex Himel announced

According to CoinMarketCap data, Bitcoin surged above $80,000 this week, driving crypto stocks to double-digit gains. Miners and digital asset treasury companies including Canaan, Mara Holdings, and Strive posted strong performances, while Coinbase and Robinhood also rallied. Bitcoin advanced over 23% for the week, while Ether gained nearly 30% to trade above $2,500. Meanwhile, Bernstein analysts remain bullish on Circle, citing a new growth cycle for USDC stablecoin. USDC supply increased by ro

According to Circle's Friday announcement, the USDC stablecoin issuer will become Chelsea FC's sponsor, with its name and USDC brand appearing on players' jerseys starting the 2026/2027 season. The partnership deal comes approximately three months after the UK's Financial Conduct Authority (FCA) sent warning letters to Premier League clubs, potentially including Chelsea, cautioning against sponsorship deals with unauthorized crypto companies that could breach UK financial services laws. Circle U

According to Bitcoin.com News, bitcoin ETFs crossed the $100 billion asset mark on Thursday with $242.24 million in inflows, led by Blackrock's IBIT which attracted $277.61 million. The inflow extended a 9-day buying streak, with combined ETF inflows surpassing $3 billion over the period. Bitcoin ETF assets reached $100.93 billion on $3.45 billion in trading volume, while ether ETFs added $234.51 million to reach $15.57 billion in total assets.