Gate Crypto Flash News and Market Updates

On August 31, Bitcoin fell below $78,000, recording an intraday decline of 1.08%.

According to ChainCatcher, Ethereum treasury company Bitmine Immersion Technologies added 53,501 ETH last week, bringing total holdings to 5,901,112 ETH. The company has staked 5,067,309 ETH, valued at approximately $12.7 billion.

According to Reuters, Adobe on August 31 announced a partnership with Saudi Arabia's Ministry of Communications and Information Technology and government-backed AI firm Humain, committing over $40 billion to provide free AI tools to 27 million Saudi citizens and residents for 12 months. Users will receive free access to Adobe Firefly Standard subscription and select features of Adobe Express Premium, including a culturally optimized image generation model jointly developed by Adobe and Humain fo

According to Reuters, on August 31, Nvidia invested $3.5 billion to purchase convertible bonds issued by MediaTek. The investment deepens the long-term partnership between the two companies to build artificial intelligence platforms spanning edge computing to cloud computing.

On Monday (August 31), GameStop announced Q2 preliminary results showing a significant profit rebound, lifting GME shares 3.25% to $18.45 in premarket trading. The company expects net income of $290-310 million for the quarter, nearly double last year's $168.6 million, despite lower revenues of $780-800 million versus $972.2 million a year ago. The stock rally was further supported by GameStop's amended convertible note exchange announced the same day, with approximately $358.4 million now to be

According to @SolanaFloor, Pumpfun's August 2026 revenue reached $55.9 million, surpassing HyperliquidX's $49.6 million and ending the latter's 15-month streak of dominance.

According to Fox News, U.S. President Donald Trump stated that the United States will respond to Iran's attack on American military forces.

Arthur Hayes, BitMEX co-founder, backed Ethereum as his "number one pick" this weekend (August 30), projecting the asset could rally 3 to 5 times "pretty quickly" and calling it "one of the most unloved large-cap assets in crypto." The endorsement comes as ETH strengthened against Bitcoin despite trading in the mid-$2,400s with a technically overbought RSI of 76.3. Hayes reiterated his long-term Bitcoin outlook toward roughly $1 million within four years, but emphasized his near-term rotation ca

According to August 30 data, XRP remained in a corrective pocket after climbing 31% in August, while RLUSD stablecoin volume on the XRP Ledger crossed $1 billion and active addresses surged 650% to 356,070 in two weeks. The sharp rise in network participation came alongside XRP's recent rally, indicating the move was supported by stronger blockchain activity. XRP shed about 5% over the past week but needs to reclaim the $1.55–$1.60 resistance zone to potentially open a path toward the $2 level.

According to BlockBeats, Etherscan officially launched an AI-focused toolkit on August 31, enabling developers and agents to access on-chain data directly from Etherscan's infrastructure. The suite supports over 60 EVM-compatible chains and provides three integration methods: MCP for natural language queries with Claude and Codex, CLI for terminal-based JSON and CSV output, and Skills for advanced tasks including contract auditing and transaction debugging. Etherscan stated that the toolkit aims

According to the Associated Press, U.S. Vice President Vance will hold a private meeting with the Republican Jewish Coalition today (August 31).

According to CCTV International News, U.S. President Trump stated on social media on August 31 that Iran has become a failed state, citing lack of navy and air force, currency collapse, inability to pay military and police salaries, and 300% inflation rate. The statement came after U.S. forces struck southern Iran's Larrak Island on the evening of August 30, following which Iran launched retaliatory missile and drone strikes against regional U.S. military bases.

According to MPost, on August 31, Chainalysis Government Solutions filed a post-award protest in U.S. Court of Federal Claims challenging a $94.66 million sole-source contract awarded by U.S. Immigration and Customs Enforcement (ICE) to blockchain analytics firm TRM Labs. Chainalysis alleges ICE bypassed full and open competition and improperly designed requirements to favor TRM, including specifications for a proprietary scam-victim dataset, automated notifications to virtual asset service prov

According to @SolanaFloor, Solana launchpads created 313K tokens last week, marking the highest weekly total in nearly 19 months and signaling increased activity within the ecosystem.

According to The Block, Russia's largest bank Sberbank predicts its regulated crypto trading volume will reach 4 trillion rubles ($464 billion) in the first year after new crypto regulations take effect on September 1, 2026. Sberbank deputy chairman Anatoly Popov made the projection, adding that the trading volume is expected to grow to approximately 7.5 trillion rubles ($871 billion) by 2029.

According to Turkish Foreign Minister Hakan Fidan, Turkey is charting a roadmap for additional countries to participate in the trilateral joint defense agreement involving Turkey, Saudi Arabia, and Pakistan.

According to Strive CEO on X, the company acquired 1,800 Bitcoin for $143 million with an average cost of $79,431 per coin. Strive's total Bitcoin holdings have increased to 23,156 BTC.

According to BlockBeats and HTX market data, Strategy's Bitcoin holdings recorded unrealized gains exceeding $2.602 billion on August 31, with BTC trading at $78,492. The account holds 845,050 Bitcoin with an average purchase price of $75,412 per coin.

Tomorrow, Interior Secretary Burgum will discuss gasoline prices at the White House. The Trump administration aims to support refineries rather than allow them to go bankrupt, Burgum stated.

According to the U.S. Department of Defense, General Dynamics and Lockheed Martin will increase production capacity for the THAAD (Terminal High Altitude Area Defense) system and PAC-3 (Patriot Advanced Capability-3) missile system.