Gate Crypto Flash News and Market Updates

According to ChainCatcher, a whale leveraging long positions on ETH and BTC charged 3000 ETH worth $7.24 million to Binance 4 hours ago on Aug 23, realizing profits of $1.91 million. The whale executed the deposit at an average price of $2,413.4, compared to an average exit price of $1,776.83. Since Aug 19, the whale has cumulatively deposited 13,887.15 ETH to exchanges, generating total profits of $6.727 million.

According to Money Today analyst Park Jun-young, SK Hynix announced on August 19 a 40 trillion won share buyback and cancellation program, combined with dividend distribution, to return over 50% of cumulative free cash flow through 2027. The company projects total shareholder returns exceeding 245 trillion won over the three-year period. Park noted the buyback is unlikely to be a one-time measure, with expectations for continued execution to increase per-share value. SK Hynix shifted its 50% FCF

According to Daily Economy, Kiwoom Asset Management will launch the 'KIWOOM Samsung-SK Group TOP4+' ETF on September 1, with Samsung Electronics and SK Hynix comprising 50% of holdings. The fund will also include Samsung Electro-Mechanics, SK Square, Samsung C&T, Samsung Life Insurance, and SK. Meanwhile, U.S. asset manager Roundhill Investments, known for its memory chip-focused DRAM ETF, filed for approval to launch a 'Roundhill Samsung Group' ETF on August 12, with a listing expected in Octob

According to Kyodo News, on August 23, Japan's Cabinet led by Prime Minister Takaichi Sanae saw its approval rating drop to 50.2%, marking the lowest level since taking office.

According to bond market analysts on August 23, South Korea's central bank is expected to raise its base rate by 0.25 percentage points to 3.0% from the current 2.75% at the monetary policy committee meeting scheduled for August 27. Core inflation reached 2.6% year-over-year in July, the highest level in 27 months, according to government data. International credit rating agency Moody's also raised South Korea's 2026 GDP growth forecast to 3.5% from 2.1% previously, citing semiconductor supercyc

According to Mirae Asset Asset Management, its U.S. subsidiary Global X filed for listing of the Global X Magnificent 6 ETF on the U.S. stock market on August 23. The fund will trade under ticker symbol SIX and holds six components: Nvidia, Apple, Alphabet, Microsoft, Amazon, and Meta. The product excludes Tesla from the Magnificent 7 group and is expected to list after October 28, 2026, when the fund becomes effective.

According to BlockBeats, on August 23, the S&P Global U.S. Composite PMI index rose 1.5 points to 56.0 in August, marking the highest level since April 2022 and the third consecutive month of growth. The services PMI increased 2.2 points to 56.8, the highest since March 2022, while the manufacturing PMI declined 0.7 points to 53.9, remaining in expansion territory. U.S. companies accelerated hiring, particularly in the services sector, at the fastest pace since January 2025. These figures sugges

According to Yonhap Infomax, U.S. Treasury Secretary Scott Bessent is expected to announce fiscal deficit reduction measures this week, while Federal Reserve Chair Kevin Walsh will deliver the opening speech at Jackson Hole Symposium on August 28. The 10-year Treasury yield rose 4.00 basis points to 4.7340% for the week ending August 21, marking a second consecutive weekly gain. The 2-year yield climbed 6.30bp to 4.2380%, posting its first weekly increase in four weeks. The 30-year yield gained

According to NYSE data, Merck stock reached a 52-week high of $152.55 on Aug 21, closing up $3.56 or 2.39%, after its Phase 3 clinical trial for Intismeran Autogene—a personalized mRNA cancer treatment co-developed with Moderna—met its primary endpoint. In a study of 1,137 high-risk melanoma patients, the treatment combined with Merck's immunotherapy Keytruda significantly extended recurrence-free survival. Morgan Stanley raised its price target from $116 to $179 and upgraded its rating to overw

According to Bitwise data cited by Bitfinex, public companies and U.S. spot bitcoin ETFs have purchased 1.55 million BTC since the launch of spot Bitcoin ETPs in January 2024, while new bitcoin supply in the same period totaled approximately 455,000 BTC—representing a 3.6x multiple of new issuance.

According to Wall Street Journal reporting on SEC filings, sandwich chain Jersey Mike's completed its New York IPO last month, raising $1 billion approximately 1 year 8 months after Blackstone acquired the company in November 2024 for $8 billion. Following the acquisition, Blackstone removed the company's $41 million corporate jet, eliminated family member salaries that totaled $50.5 million annually, and consolidated dispersed offices into a single headquarters. The company added 8.4% more loca

According to analyst Ali on X platform, bitcoin surged from $62,700 to $79,500 over the past week, marking a 26.81% gain. Ali noted that similar weekly rallies have historically preceded new bull market cycles. Bitcoin experienced a 31.98% weekly gain in 2019 as its bear market ended, followed by an extended bull run. In January 2023, bitcoin jumped 24.90% in a single week after the FTX collapse, reversing prior bearish sentiment. Ali attributed such rallies to forced liquidations of short posit

According to Hyperbot, Huang Licheng (known as Machi Big Brother) just opened a 10x leveraged long position on PUMP, currently holding 2.075 billion PUMP tokens worth approximately $10.55 million with a floating loss of $358,000. Licheng's total portfolio across PUMP, Ethereum, and HYPE positions is valued at around $100 million.

According to PPP prediction market tool monitoring Polymarket, the probability of Trump appointing Margo Martin as next White House press secretary briefly surged to 15% this week before retreating to 9%, up 5% in the past 24 hours. When asked at Andrews Joint Base in Maryland this week about the successor to outgoing press secretary Caroline Levitt, Trump asked reporters: "What about Margo? What do you think of her?" He also joked that he doesn't know the pick, suggesting it could be someone in

According to Serenity's post on X, the U.S. government released a series of policy documents this week, with focus on space transportation, mining, and supply chain sectors. The administration outlined a "Golden Age of Space Transportation" initiative, setting a goal to achieve 1,000 annual launch and reentry missions by 2030. Companies like Rocket Lab (RKLB) are positioned as potential beneficiaries. Additional policy areas under review include drone component tariffs, U.S. mining resources coo

According to Investing.com, the U.S. Treasury's bond buyback measures to curb rising long-term Treasury yields prompted a weaker dollar on August 23, while gold and bitcoin rallied in tandem. The short-term dollar weakness accelerated capital inflows into alternative assets, with gold and bitcoin emerging as primary beneficiaries of the shift away from traditional currency holdings. December gold futures traded on the New York Mercantile Exchange, with broader market movement reflecting investor

According to HTX market data, Ethereum (ETH) fell below $2,400 to trade at $2,399.99 today, down 1.34% in the past 24 hours.

According to Jin10, China's Vice Foreign Minister Miao Deyu met with Iran's Deputy Foreign Minister Garibaabadi on August 17 in Beijing. This year marks the 55th anniversary of China-Iran diplomatic relations. Miao stated that both nations have established a comprehensive strategic partnership since 2016, with cooperation progressing steadily across multiple sectors. China aims to promote long-term stability in China-Iran relations and remains committed to regional peace initiatives in the Middl

According to Bloomberg, citing Stanford's AI Index report, China's artificial intelligence models have narrowed the performance gap with U.S. counterparts to 2.7% as of March 2026, with the competitive focus shifting from raw model capability to cost efficiency. Kimi K3, developed by Chinese AI lab Moonshot AI, scored 60 points in composite reasoning, knowledge, mathematics and coding benchmarks, approaching Anthropic's Claude Fable 5's 62 points. However, Kimi K3's average task cost stood at $0

According to ChainCatcher, Hong Kong's Securities and Futures Commission (SFC) announced today it has listed "Kong Kong Coin" and "Kong Kong Fund" as suspicious digital token investment products. The digital token claims to represent equity interests in a fund investing in ancient artworks and historical artifacts, with a target annual return rate exceeding 30%. The SFC warned investors to be cautious of any related social media accounts or posts promoting the product.