Gate Crypto Flash News and Market Updates

According to Wrightson, the U.S. Treasury is expected to finalize the buyback size for remaining Treasury issuance in the current quarter this week.

According to iFlytek, the Intelligent Chemical Engineering LLM 3.0 Pro, jointly developed by the Dalian Institute of Chemical Physics, iFlytek, and Alibaba Cloud, was unveiled today, August 31. As the latest iteration of China's first large language model for the chemical industry, 3.0 Pro advances beyond traditional knowledge Q&A applications, enabling planning, execution, and verification capabilities. The model shifts AI from a knowledge retrieval tool to an intelligent engineering partner.

According to Blockchain Association's recent statement, major banks' claims that stablecoins threaten community bank deposits lack evidence, while FDIC data through 2023 clearly shows large banks have eroded that market share for decades. Non-community banks hold at least 87% of U.S. domestic deposits, versus just 13% for community banks; JPMorgan Chase and Bank of America alone control 1.5 times more deposits than the entire community banking sector combined. Since the GENIUS Act was signed on

The Dallas Federal Reserve's August Business Activity Index is set to be released shortly, marking the latest economic activity gauge from the regional Fed bank on August 31.

According to Foresight News, Lido DAO allocated $60,000 to the D.U.C.K. Funding Launch for Audit Participants (DUCK FLAP) grant pool to support ValOS, a community-driven framework for ethereum staking infrastructure operators. The funds will cover up to 50% of audit costs for early adopters implementing the validator operating standards.

According to Italian media reports, on August 31, Italy extended border inspection measures for Spanish entrants by 15 days. Spain reciprocated the same day, also extending border checks on Italian entrants for 15 days.

Brazil's Planning Minister Moraiti projects the country will achieve approximately 19 billion reais in primary fiscal surplus by 2027, while the growth rate of mandatory expenditures will slow significantly, according to his statement.

According to BlockBeats and Ember monitoring, an institution transferred 52,739 ETH (approximately $129 million) to six CEX platforms including Binance and OKX over the past two days as of August 31. The address still holds 101,561 ETH worth about $249 million. The ETH originated from Coinbase withdrawals at roughly $1,700 per coin in 2021-2022, was staked on Ethereum in 2023, and was unstaked in January 2025 before being consolidated into two wallets and gradually transferred to multiple CEX in

According to Bloomberg, reported by PANews on August 31, Dragoneer Investment Group raised approximately $1 billion for its continuation fund, falling short of its initial $2 billion target. The fund was backed by the firm's stakes in OpenAI, SpaceX, and other private equity assets. To attract investors amid a weak exit environment, Dragoneer considered adding holdings in Databricks and wealth management firm Creative Planning. The continuation fund is primarily designed to extend holding period

According to Federal Reserve Bank of New York data, the secured overnight financing rate (SOFR) reached 3.65% on August 28, up 1 basis point from 3.64% the previous trading day. The effective federal funds rate remained steady at 3.63%.

Gate News message, according to the August 31 update, Bitcoin ETFs recorded a single-day net outflow of 2,689 BTC, equivalent to $209.79 million, while maintaining a 7-day net inflow of 11,724 BTC totaling $914.72 million. Ethereum ETFs showed a contrasting trend with a single-day net inflow of 31,399 ETH worth $76.99 million, and a 7-day net inflow of 302,035 ETH amounting to $740.57 million.

According to Strive CEO Matt Cole, the company recently acquired 1,800 BTC for approximately $143 million, at an average price of $79,431 per BTC. The acquisition brings Strive's total Bitcoin holdings to 23,156 BTC, reflecting the company's strategic approach to expanding its cryptocurrency portfolio amid market conditions.

According to the Wall Street Journal, South Korea announced Friday a plan to provide free access to premium generative AI to its entire population through a programme called "AI for All." The government will divide up to 512 Nvidia B200 chips among three tech consortia, including the country's largest telecoms operators and Kakao, the messaging platform. Each consortium will launch dedicated apps and integrate AI into existing services, with usage uncapped and no token limits. Beta testing is se

According to Trump's social media post on August 31, U.S. communities rejecting data center construction risk falling behind economically. Trump stated that embracing data centers would bring substantial tax reductions and job creation. He emphasized that refusing development could only harm local prosperity, and warned, "If we kill this golden goose, the responsibility will be entirely theirs."

According to BlockBeats, Microsoft co-founder Bill Gates said on Aug 31 that he would not invest in cryptocurrency. When asked about diversifying assets beyond the U.S. dollar, Gates expressed skepticism toward "assets driven purely by mania," stating that a diversified portfolio of global stocks represents the best long-term investment strategy.

According to Jin10, Chinese President Xi Jinping met with Russian President Vladimir Putin on August 31 during the Shanghai Cooperation Organization summit in Bishkek. Xi emphasized that amid rapid global shifts and growing uncertainties in international affairs, nations remain committed to pursuing peace, development, cooperation, and mutual benefit. Xi stated that the SCO bears the responsibility of maintaining regional stability and promoting development, and that China is willing to work wit

According to Bitget market data, U.S. cryptocurrency-linked stocks posted mixed results over the past 24 hours. BitMine (BMNR) led gainers with a 3.25% increase, while Riot Platforms (RIOT) fell 3.00%, marking the largest decline among major players. Coinbase (COIN) dropped 1.33%, and Galaxy Digital (GLXY) lost 1.24%, among other decliners in the sector.

According to Foresight News, tZERO and Intercontinental Exchange (ICE) have agreed on a partnership where ICE will participate in tZERO's latest funding round and receive licensing rights to tZERO's blockchain patent portfolio comprising 103 patents across 23 patent families. The patents cover compliance-aware transfer logic, upgradeable smart contract frameworks, scalable corporate action handling, and broker-level identity interoperability for securities tokenization. The two parties signed a

According to Yonhapinfomax, the U.S. dollar weakened on August 31 morning (US Eastern time), with the dollar index (DXY) tracking the greenback against six major currencies falling to 99.510, down 0.145 points (0.146%) from the previous close of 99.655. The euro strengthened after German regional consumer price index data showed higher-than-expected inflation readings. The euro-dollar exchange rate rose to 1.16009. Meanwhile, WTI crude oil futures for October delivery surged 3.5%, trading around

According to Foresight News, Bybit opened the "Stock Buzz" trading competition on August 31 at 20:00 UTC. The competition runs through September 14, with a minimum trading volume of 5,000 USDT required to participate. Users are ranked by cumulative trading volume in NIULAIUSDT perpetual contracts over 14 days, with the top 200 winners sharing prizes. The platform offers a guaranteed prize pool of 2,000 USDT, scaling up to a maximum of 100,000 USDT based on total trading volume achieved.