Gate Crypto Flash News and Market Updates

According to the New York Federal Reserve, the secured overnight financing rate (SOFR) reached 3.65% on August 21, up from 3.63% the previous day. The effective federal funds rate held steady at 3.63%.

According to state broadcaster CCTV, on August 24, French President Emmanuel Macron announced he has signed legislation banning high school students from using mobile phones at school beginning the autumn 2026 term. Macron stated that protecting children from the negative effects of electronic screens has become urgent, describing phone-free schools as essential to restoring a calm learning environment.

UK Prime Minister Burnham pledged today to deploy air defense systems to support Ukraine and work with allies beyond current coalitions, while calling for intensified efforts to restrict Russian oil and liquefied natural gas exports. Burnham also urged British industry to support the FREYJA project, which aims to develop a cost-effective alternative to the U.S. Patriot system for intercepting ballistic missiles.

French President Emmanuel Macron said in recent weeks that France must accelerate the delivery of air defense interceptors and pledged to increase efforts in this direction.

Ukrainian President Volodymyr Zelensky called on allies to provide air defense systems and help fill a €27 billion funding shortfall in the defense sector for 2026, ahead of the winter months. The appeal underscores Ukraine's urgent need for military support and resources as it heads into the colder season.

According to Jin10, Houthi forces struck Saudi oil tanker 'Amzan' with a ballistic missile off Yanbu coast in the northern Red Sea on August 24, setting it ablaze. The group said the strike achieved a direct hit; nearby vessels reportedly fled the scene. In a statement, the Houthis said they are prepared to escalate actions further with stronger and more widespread attacks, framing the operation as part of a blockade-for-blockade strategy against Saudi forces.

According to the Hong Kong stock exchange, on August 24, Alibaba Chairman Joseph Tsai and CEO Daniel Zhang increased their holdings of Alibaba shares worth approximately 120 million Hong Kong dollars in total. Tsai purchased 720,000 shares at an average price of 112 HKD, spending about 80 million HKD, while Zhang acquired 350,000 shares at an average price of 111.6 HKD, spending approximately 40 million HKD. The purchases came a day after Alibaba announced an 8 billion HKD share placement to fun

According to Scott Szwast, UPS Vice President of International Strategy, the logistics giant announced on Aug 24 that it will invest over $2 billion through 2028 in international operations, healthcare logistics, and supply chain solutions to strengthen its global network. The company has already activated a technology-enabled logistics center in Taiwan that uses automation and robotics to reduce overall supply chain delivery time by one day. Investments include new regional hubs in the Philippi

According to SBI Holdings, stablecoin neobanking platform Fasset raised $68 million in a Series C funding round led by Japan's SBI Group on Monday, reaching a $1 billion valuation. The round comes just three months after Fasset's $51 million Series B in May, bringing the company's 2026 fundraising total to $119 million. Fasset reported $40 billion in annualized transaction volume, serving more than 3 million wallets across 125 countries. SBI said Own Network, Fasset's infrastructure connecting b

According to HTX, BNB breaks $700 today (August 24), trading at $700.10 with a 0.21% gain over the past 24 hours.

According to MSX.COM data, major U.S. stock indices showed mixed performance at market open on August 24. The Dow Jones Industrial Average rose 0.13%, while the S&P 500 fell 0.25% and the Nasdaq-100 declined 0.57%. The VIX volatility index surged 4.69%. AI-related stocks led the decline, with Astera Labs falling 5.84%, Teradyne dropping 5.16%, Marvell declining 4.78%, Micron down 4.61%, and Arm slipping 3.9%.

According to Gate, gold rose to $4,675.87 per ounce with a 1.46% intraday gain on August 24. Silver climbed to $69.698 per ounce but declined 0.29% during the same period. WTI crude oil fell 0.55% to $86.62 per barrel, while Brent crude gained 0.28% to $93.83 per barrel.

According to Odaily, Twitch is facing a class action lawsuit filed last week in Northern California federal court, with plaintiff Warren Pandiscia, a streamer with roughly 1,000 followers, alleging the platform used creator livestreams, clips, chat logs, and photos to train parent company Amazon's AI models without consent or compensation. The 37-page complaint accuses Twitch of violating creators' implied agreements and California's unfair competition laws. The lawsuit marks the first public co

According to Coinglass data, on August 24 at 21:51 UTC, 30 million USDT were transferred out of Binance to an unknown wallet.

According to BlockBeats, on August 24, Applied Optoelectronics (AAOI) crashed 17.47% following its announcement of a $600 million at-the-market (ATM) offering, dragging the broader optical communications sector lower. The stock sale agreement, signed on August 21 with Raymond James and Needham & Company, allows the company to sell shares at market prices in batches to fund business expansion, with no obligation to complete the offering and the option to suspend or terminate at any time. The sect

Houthi militants claimed to have attacked a ship near Yanbu, Saudi Arabia, earlier this week. Saudi authorities have not yet confirmed the incident.

According to its 13F filing, Thiel Macro disclosed eight U.S.-listed holdings worth $418.7 million as of the end of the second quarter, with the fund concentrating its portfolio on energy companies and AI infrastructure plays. Amazon was the only technology company in the portfolio at approximately $118 million, or roughly 28% of disclosed holdings, providing direct exposure to the AI infrastructure boom through Amazon Web Services. The remaining positions were concentrated in oil, electricity g

According to on-chain data, USDC Treasury minted 250 million USDC on the Solana blockchain today (August 24) at 21:46 Beijing time.

According to Aptos co-founder Avery Ching, the Aptos testnet surpassed 10 billion transactions on August 22, amid proposal AIP-147 to manage testnet storage growth. The proposal would reset the testnet no more than once every six months, with developers and infrastructure providers receiving one month advance notice before each reset. The reset mechanism would apply exclusively to the testnet and would not affect the Aptos mainnet. A defined reset schedule is intended to control storage accumula

According to PANews, citing Trump's Truth Social post on August 24, Trump announced that effective January 1, 2027, he will raise tariffs on all Canadian automobiles, trucks, auto parts, and steel to 50%. Trump cited Canada's long-standing high tariffs on U.S. agricultural products and approximately $60 billion in bilateral trade deficit as justification. Products manufactured in the United States would be subject to zero tariffs.