Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
19:25

Trump Administration Allocates Over $2 Billion to Battery Producers; Siranomics Gets $1.4 Billion Loan on Friday

According to White House officials, the Trump administration committed over $2 billion in funding to battery and critical mineral producers on Friday, with the Department of Defense providing a $1.4 billion loan to next-generation battery company Siranomics. The administration also signed agreements with three additional companies as part of the effort to reduce U.S. dependence on Chinese suppliers.
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19:21

ICE Raw Sugar Futures Surge 12.48% This Week as Commodity Markets Rally

This week, ICE raw sugar futures surged 12.48%, while ICE white sugar futures rose 9.34%. New York cocoa futures climbed 5.62%, closing Friday (August 7) at $5,847 per ton, with London cocoa up 1.83%. ICE cotton futures gained 3.17%, and Chicago WCE canola futures rose 1.54%. Arabica coffee futures edged up 0.42%, while robusta coffee gained 0.16%; C futures fell slightly by 0.32%.
19:21

Firmus Raises $2 Billion at $10.5B Valuation, NVDA Shares Trade Near Record High on August 7

According to Reuters and a Firmus official statement, the Nvidia-backed AI infrastructure firm closed a fully subscribed $2 billion equity round on August 7, lifting its valuation above $10.5 billion. Investors included Nvidia, Coatue Management, Blackstone-managed funds, and trading firm Jane Street. Meanwhile, NVDA stock traded at $223.67 on Friday, up 2.14% and approximately $13 below its all-time high of $236.54 set on May 14. Among 37 analysts covering Nvidia, 36 rate the stock a Buy, with
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19:19

Danube River Water Level in Serbia Drops to Nearly 100-Year Low on August 7 Amid Heat Wave

According to Serbian Deputy Prime Minister Dacic, the Danube River water level in Serbia dropped to its lowest level in nearly 100 years on August 7 due to sustained heat waves and drought. The low water level has impacted inland navigation and energy sectors. Nine wildfires are currently burning across Serbia, and authorities are implementing measures to ensure water supply and infrastructure stability.
19:15

CBOT Soybean Meal Falls 2.2% This Week, Soybean Oil Gains 1.2%

According to Bloomberg grain index data, CBOT soybean meal futures fell 2.18% this week, ending at a level below recent highs, while soybean oil futures rose 1.22% through Friday, Aug. 7. The broader Bloomberg grain index closed up 0.50% Friday and was down 0.31% for the week. Other CBOT agricultural futures this week: corn fell 0.54% to $4.6150 per bushel, wheat rose 0.15% to $6.5650 per bushel, and soybeans declined 0.97% to $11.76 per bushel. In livestock markets, lean hog futures dropped 3.2
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19:14

Martin Shkreli Shorts AAOI After 11% Friday Rally Following $191.9M Record Revenue Beat

Martin Shkreli announced on Friday that he is shorting Applied Optoelectronics (AAOI) shares following a sharp post-earnings rally, arguing that a temporary supply bottleneck in optical transceivers for AI data centers does not translate into durable competitive advantages. In a post on X, the former hedge-fund manager stated: "One year of bottleneck on a commodity product does not make a great company." Applied Optoelectronics reported second-quarter results Thursday evening that beat expectati
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19:05

U.S. Investment Funds Buy $52.774B in 5-Year Treasuries in Latest Biweekly Report

According to the U.S. Department of Treasury, investment funds purchased $52.774 billion in five-year U.S. Treasury securities maturing on July 31, 2031 in the latest biweekly report period, compared to $50.626 billion in the previous month. Foreign investors purchased $6.623 billion in the same securities during the period, down from $8.865 billion a month earlier.
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19:04

Iran Warns Locations Used to Launch Attacks May Become Strike Targets, on August 7

According to Iran's President Masoud Pezeshkian, on August 7, Iran has no intention to target neighboring countries, but locations that are used to launch attacks against Iran may themselves become strike targets. Pezeshkian also stated that Iran and France had reached consensus in negotiations to prevent rapid restoration of sanctions mechanisms, but the United States blocked the agreement, adding that Europe lacks authority to make independent decisions.
19:02

CFTC Warns Prediction Markets Against American-Style Moneyline Odds on Friday

According to Bloomberg, the Commodity Futures Trading Commission sent warning letters to regulated prediction market platforms on Friday, instructing them to refrain from using American-style moneyline betting odds, citing concerns over deceptive practices in listing and advertising. The CFTC referenced a study showing American-style wagers lead to increased risk-taking behavior compared to prediction market pricing, which displays odds directly as implied probabilities in cents. Polymarket and
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19:02

eToro Restores eToro Money Outbound Payments Across EU, UK and Australia After 5+ Hour Halt on August 7

According to eToro, the company restored outbound eToro Money payments across the European Union, United Kingdom and Australia on Friday after temporarily halting the service for more than five hours. The broker first reported the incident at 08:41 UTC on August 7, saying it had temporarily stopped all outbound payments while investigating the problem. At 14:09 UTC, eToro confirmed the issue had been resolved and outbound payments were fully available again. eToro did not disclose the cause of t
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