Gate Crypto Flash News and Market Updates

Shenyu, a prominent cryptocurrency mining entrepreneur, responded to his famous quote about "not knowing how to spend money" during an appearance on podcast show The Golden Age, saying he now knows how to spend it. Over the past decade, Shenyu noted that one of the biggest changes has been AI significantly lowering execution barriers. Tasks that were once considered difficult or unimaginable two decades ago can now be quickly accomplished with just an idea and AI assistance.

According to Trader Killa on August 26, Bitcoin must break and hold above $83,000 to confirm a significant trend reversal on the weekly chart. The trader expressed about 80% confidence that BTC has formed a bottom, but emphasized that technical confirmation remains incomplete until this key level is reclaimed. If Bitcoin breaks above $83,000 and gains market acceptance, short positions could face a squeeze, potentially driving the price toward $95,000, according to Killa. In the near term, the t

According to ChainCatcher, five U.S. economic indicators are due for release in 10 minutes: Q2 real GDP annualized quarterly rate (revised), July durable goods orders month-on-month, personal spending month-on-month, and core PCE price index month-on-month and year-on-year.

According to Jin10 Futures, today propylene, PX, ethylene glycol, and methanol futures all hit limit down, while low-sulfur fuel oil fell nearly 9%. Iran said it has reached an agreement with Oman on revenue distribution from the Strait of Hormuz.

According to Jin10, Icelanders will vote this Saturday (August 29) on whether to resume negotiations with the European Union. The latest poll by Maskina research firm, commissioned by Icelandic media Visir and published on Wednesday, shows 51.3% of respondents support continuing talks, compared to 48.7% opposed. The gap between the two sides has narrowed from 6.2 percentage points in June to 2.6 percentage points.

According to Foresight News, Coinbase and Better Mortgage have officially launched a cryptocurrency-backed mortgage product now available to the public. Coinbase One members approved for a Better loan receive up to $10,000 in cashback (1% of loan amount), credited toward settlement costs. The cashback benefit will extend across Better's full mortgage portfolio, including standard mortgages, home equity lines of credit (HELOC), and refinancing. Data from the waitlist, which opened in June, shows

According to BNB Chain's official announcement, the blockchain has joined Mastercard's crypto partnership program. The collaboration aims to accelerate the integration of digital assets into everyday business payment scenarios.

According to ChainCatcher, Hyperliquid Policy Council (HPC) and TradeXYZ submitted joint comments to the U.S. Commodity Futures Trading Commission (CFTC), calling for energy-linked perpetual contracts to be brought into regulated U.S. markets. This follows the CFTC's May approval of the first crypto-asset perpetual contracts as futures for trading in the U.S., and its June public comment period on energy perpetual contracts. The letter cited a February Middle East conflict that disrupted crude o

According to Galaxy Research, a Bitcoin address dormant since May 28, 2012 transferred 40 BTC worth approximately $3.14 million today to Boerse Stuttgart Digital. The address had an average holding cost of $5 per BTC, generating unrealized gains of $3.16 million with a return of 1,535,911% over the 14.2-year period.

The U.S. will release key economic data at 8:30 a.m. ET (20:30 Beijing time) on August 26, including the Q2 GDP revised estimate, July durable goods orders (initial), July personal income, and July Personal Consumption Expenditures (PCE).

According to Politico, Canadian Prime Minister Carty plans to speak at the European Parliament in Strasbourg on September 17 to deepen Canada's relationship with the European Union. Carty will attend European Commission President von der Leyen's State of the Union address on September 16. The move comes as Canada-U.S. trade tensions escalate under President Trump, prompting Canadian leadership to strengthen European support.

According to market sources, the Caspian Pipeline Consortium expects mixed crude exports in September at 1.5 million barrels per day, with August output ranging between 1.5 million and 1.6 million barrels per day.

According to Russian presidential spokesman Peskov, President Putin did not meet with CIA Director Ratcliffe during the official's recent visit on August 26.

According to Newswire, IBM has completed its acquisition of HRL Laboratories, a leading research and development institution specializing in quantum computing, quantum sensing, advanced communications, electronics, manufacturing, and materials science. The acquisition strengthens IBM's broader investments in quantum manufacturing and infrastructure. HRL's expertise in silicon-based quantum technology creates opportunities for future collaboration with IBM's quantum foundry operations to support

According to Buildin Futures research, oil prices fell sharply overnight on August 26 after reports indicated the U.S. and Iran have reached consensus on a ceasefire and may restart peace talks. The broader supply picture shows that after the Strait briefly reopened, it faced renewed blockade, prompting major institutions to downgrade crude oil supply forecasts. Third-quarter supply deficits have widened while global inventory continues to deplete.

According to Bank of America and JPMorgan, Intuit (INTU) shares fell as much as 12% in pre-market trading on Wednesday after the company's fourth-quarter results, with both firms downgrading the stock to Neutral. The downgrade reflects concerns over slowing growth and AI disruption risks affecting TurboTax and QuickBooks. Intuit's fiscal 2027 revenue guidance of 9%-10% represents a sharp deceleration from the 14% growth posted in fiscal 2026, while TurboTax unit growth was guided at just 2%-3% f

According to Taurus, the digital asset infrastructure provider integrated its tokenization and custody platforms with Swift's blockchain-based ledger on Wednesday (August 26). The integration enables Taurus clients to connect their existing digital asset infrastructure to the ledger for payments using bank-issued tokenized deposits. The company expects initial client integrations to go live within days, with the first distributed ledger technology transactions through its platforms anticipated w

On the evening of August 26, Shanghai Gold Exchange gold T+D fell 0.46% to 999.8 yuan per gram during early trading; silver T+D rose 0.54% to 16,720.0 yuan per kilogram.

According to Mobility Global and CNBC reporting, Hyundai Motor Group increased its U.S. market share from 8.4% in 2020 to 11.2% by 2025, the largest gain among major automakers. The group, which includes Hyundai, Kia, and luxury Genesis brands, achieved roughly 50% sales growth over the period, becoming the fourth best-selling automaker in the country. CEO José Muñoz told CNBC the company plans a $26 billion investment through 2028 and aims to increase domestic production capacity at its Georgia

Tiger Brokers reported second-quarter revenue of $182 million, up 31.4% year-over-year and 17.7% quarter-over-quarter, marking a record high. Non-GAAP net profit attributable to the parent company reached $42.84 million, up approximately 20% sequentially after adjusting for Q1 regulatory penalties. Global retail client assets grew 16.7% year-over-year to $60.73 billion, driven by net deposits exceeding $1.5 billion during the quarter.