Gate Crypto Flash News and Market Updates

According to The New York Times, the SEC issued subpoenas to major Wall Street banks on August 24 seeking information about AI hedge fund Situational Awareness' trading activities.

Nvidia stock has declined for seven consecutive trading days, marking the longest losing streak since 2022.

According to Bernstein research published Monday, the analyst firm maintained an Outperform rating on Circle (CRCL) and a $140 price target, implying roughly 60% upside from current levels. Bernstein cited a new growth cycle for USDC stablecoin after its supply increased by approximately $2 billion in seven days, reversing six months of stagnant growth. The firm highlighted USDC's rising transaction dominance, with its share of adjusted stablecoin transaction volume rising from roughly 40% in 20

Nvidia has made a strategic investment in Lancium, a Blackstone-backed AI data center company, to expand capacity for demanding AI workloads. The companies will deploy Nvidia's accelerated computing, networking and software across Lancium's campuses, which currently include 4 gigawatts of leased capacity with over 15 gigawatts in the development pipeline. Using Nvidia DSX reference designs, the partnership aims to improve performance per megawatt and cost per token. DSX MaxLPS will enable up to

On Monday (August 24), U.S. industry ETFs posted mixed results, with semiconductor ETF declining 2.43%. Global technology stock index ETF and technology sector ETF fell up to 1.94%, while energy sector ETF dropped 0.83%.

According to ChainCatcher citing Gate market data, on Aug 24, the Dow Jones index rose 139.98 points (up 0.26%) to close at 53,416.99. The S&P 500 declined 21.41 points (down 0.28%) to 7,652.96, while the Nasdaq Composite fell 200.26 points (down 0.76%) to 25,980.19.

According to the U.S. Department of Agriculture, soybean crops in the U.S. rated 60% good to excellent last week, while corn crops rated 57% and cotton crops 37%.

Canada's stock market rose 0.3% on August 24, reaching its highest closing price since August 14.

Nvidia (NVDA) shares dropped over 3% during the afternoon close of today's trading session, marking a notable decline in the final hours of the market day.

According to Sui, the network has launched Squid Mode, allowing AI agents to access wallets without requiring private keys. The feature executes strategies outside of agents and splits each signature across independent validators to eliminate single points of failure. Squid Mode is built on 2PC-MPC technology.

According to Odaily, on-chain analyst tracked wallet bowen1476 opened its 15th Bitcoin short position in five days on August 24, using 40x leverage to short 300 BTC with a nominal value of approximately $23 million. The entry price was around $77,100, compared to Bitcoin's price of approximately $77,500 at the time. The previous 14 trades in this sequence resulted in consecutive losses totaling $4.56 million. Since May 2026, when the wallet closed a 700 BTC short position, it has not realized an

According to Heraeus analysts, gold prices rallied to their highest level since early June on August 21, reaching $4,600 per ounce following the U.S. Treasury Department's announcement to double buybacks of long-dated securities to at least $14 billion in additional purchases between September 9 and November 4. The 10-year Treasury yield fell around 6 basis points to 4.65%, while the 30-year yield dropped nearly 10 basis points to around 5.19%, reducing the relative attraction of government bond

According to an interview with Kitco News, monetary historian Barry Eichengreen said he has changed his view on how quickly the dollar could lose confidence, becoming worried since April 2, 2025, about an abrupt shift before alternatives emerge. The Berkeley economist, who authored the standard history of international monetary flows, noted the dollar's share of global reserves has declined from over 70% at the century's start to under 60% now, with gains primarily flowing to non-traditional res

According to New York Times, on August 23, California Attorney General Rob Bonta canceled scheduled antitrust settlement talks with Paramount, citing the studio's alleged leak and misrepresentation of negotiation details. Bonta stated in a statement that Paramount failed to engage in good faith discussions. The dispute centers on Paramount's $110 billion acquisition of Warner Bros. Discovery, which California and 11 other states have sued to block, arguing the merger would harm competition in fi

According to Iran's Economy and Finance Minister Shahab Madanizadeh, on the evening of August 24, Iran is fully prepared to respond to new U.S. sanctions. Madanizadeh stated that the Iranian government has long been planning for potential sanctions and emphasized that the United States cannot completely sever Iran's financial and trade connections. He added that if the U.S. takes any action, it should expect retaliation from Iran.

According to Kitco, spot gold was trading near $4,657 per ounce, up 1.19%, while spot silver was at $69.160, up 0.43%, on Monday morning. A weaker U.S. dollar, fiscal-risk hedging and ongoing Strait of Hormuz uncertainty supported buying activity despite elevated Treasury yields. Gold is testing the $4,661 resistance level. Key economic data this week include July PCE figures and second-quarter GDP estimates on Wednesday at 8:30 a.m. ET, followed by Fed Chair Kevin Warsh's Jackson Hole speech Fr

According to U.S. Treasury Secretary Scott Benson on August 24, the Trump administration officially launched 'Operation Economic Outcast' to isolate Iran from global financial systems. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) will now impose secondary sanctions on individuals and entities worldwide engaged in Iran trade across five sectors: digital assets, precious metals, aviation, maritime shipping, and advanced technology. Benson warned that any financial institu

According to Foresight News, Ethereum engineer Mislav Javor has joined the nonprofit Ethlabs research lab. Javor has worked in Ethereum development since 2016 and is a two-time startup founder who co-authored "Developers Guide to Ethereum," one of the earliest EVM development resources. He will focus on platform-level work, specializing in account systems and interoperability.

According to Iran's state media Fars News, Iran's economy minister attributed the country's currency devaluation to tensions in the media environment on August 24. The minister stated that the government is working to restore normal conditions in the foreign exchange market.

On Aug 24, U.S. Treasury yields declined significantly during New York's close. The 10-year yield dropped 3.18 basis points to 4.7021%, then refreshed its daily low at 4.6782% at 00:04 UTC. The 30-year yield fell 4.01 basis points to 5.2308%, hitting an intraday low of 5.2056% at the same time.