Gate Crypto Flash News and Market Updates

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.

According to mempool.space, Bitcoin mining difficulty fell 1.31% to 125.81 trillion today (August 23), leaving it barely 0.7% above its 2026 low of 124.93 trillion reached in June. Throughout 2026, Bitcoin has recorded ten downward difficulty adjustments versus seven increases, with cumulative losses significantly outpacing rebounds. The decline reflects roughly 150 exahash per second (EH/s) of mining power remaining offline. Bitcoin's price, currently down 38.8% from its October 2025 all-time h

According to Money Today, medical apparel company FIGS reported Q2 2026 revenue of $196.6 million, a 28.8% increase year-over-year, marking three consecutive quarters of growth exceeding 25%. Net income reached $28.4 million compared to $9.9 million in the prior year period, with net profit margin reaching 14.4%. International sales surged 67% in the first half of 2026, with the company expanding its geographic footprint to 85 countries from 58 countries a year earlier. The company also strength

According to Reuters, Minneapolis Federal Reserve President Neil Kashkari said on August 23 that the U.S. Treasury market is functioning normally with adequate trading and liquidity, despite recent sharp increases in bond yields. The 10-year Treasury yield closed at approximately 4.73% on August 21, while 30-year yields remain near levels not seen since 2007. Kashkari noted that while inflation concerns remain, he will defer judgment on whether to support a rate hike at the September Federal Ope

According to Russia's Defense Ministry, Russian air defense forces struck down 269 Ukrainian drones on August 23 between 8 a.m. and 8 p.m. Moscow time across multiple regions including Arkhangelsk, Belgorod, Bryansk, and Moscow.

According to ChainCatcher, Bitwise CEO announced that the firm received over $1.8 billion in net inflows from investors during the first half of 2026. ETFs/ETPs, active private funds and alpha strategies, staking, and vaults each generated over $100 million in inflows during the period.

According to Iranian National Security Council Secretary Rezaei, today (August 23), Rezaei stated that if economic warfare continues, no oil will be exported from the Strait of Hormuz and the Persian Gulf. He added that Iran will consider any country's participation in or support for U.S. economic sanctions against Iran as an act of war.

According to Iran's Strait of Hormuz Authority, on August 24, the body announced that vessels violating Iranian regulations for passage through the Strait of Hormuz will face penalties including fines, seizure, or confiscation of cargo on subsequent transits. Cargo owners with destinations or origins in the Persian Gulf must check the authority's official website for the updated list of non-compliant vessels before chartering. Additionally, effective immediately, any vessel engaging in ship-to-s

According to Polish outlet Onet Wiadomości, updated on August 21, Zondacrypto CEO Przemysław Kral was identified as a front man rather than the true controller of the exchange. A source within Poland's National Prosecutor's Office told Onet that Marian W., known as "Maniek," was the exchange's actual creator and principal, using a Polish term describing Kral as a nominal proxy figure. Investigators traced payments placing both men in Dubai. The New York Times reported on Sunday that Kral has not