Gate Crypto Flash News and Market Updates

According to SemiAnalysis on August 23, 3D NAND production is transitioning from tungsten to molybdenum as stack layer counts exceed 300, with molybdenum addressing electrical resistance, process chemical, and material filling challenges that tungsten faces at ultra-high aspect ratios. SemiAnalysis projects molybdenum's share of global NAND capacity will rise from single-digit percentages in 2025 to approximately 30% by 2027. The molybdenum deposition equipment market alone could exceed $1 billi

According to Ukrainian President Zelenskyy, Ukraine received 10 soldiers today through Belarus as part of a prisoner exchange operation.

According to AP, Iran's rial fell to a historic low of 2.02 million per dollar in the unofficial exchange market on Aug 24, as concerns over additional U.S. economic sanctions intensified. The official rate stands at around 1.5 million rials per dollar, but Iranians predominantly use the unofficial market rate. Iranian Foreign Ministry spokesman Esmail Baghaei stated that Iran would mobilize all bilateral capacity to counter U.S. economic sanctions and warned countries cooperating with American

According to supply chain sources, Samsung Electronics' glass substrate subsidiary GlaSSEM is pushing back mass production targets to 2028 or later due to customer reliability testing delays, causing equipment procurement orders to slip from December 2025 to June 2026 with no firm timeline announced. The setback reflects the industry's shift from material development to customer certification and yield management as the key bottleneck for glass-based advanced packaging. Meanwhile, Intel and Corn

According to BlockBeats, on August 24, Serenity maintained its bullish outlook on Applied Optoelectronics (AAOI) while criticizing the timing of its approximately $600 million ATM (at-the-market) equity offering. Serenity argued the offering should have waited until the company completed its 1.6T optical module qualification, expected within weeks, noting the stock fell from $220 to $130 before the ATM launch. Despite the criticism, Serenity cited capacity constraints and strong demand visibilit

According to Jin10, Chinese Communist Party Politburo Standing Committee member and National Committee of the Chinese People's Political Consultative Conference Chairman Wang Huning met with U.S. representatives attending the third China-U.S. Track 1.5 Dialogue on Aug 24. Wang stated that in May, Xi Jinping and visiting U.S. President Donald Trump held in-depth discussions on major issues concerning China-U.S. relations and world peace. China is willing to work with the U.S. to comprehensively a

According to Reuters, gold prices surged for a third consecutive week, reaching above $4,640 per ounce on August 24, marking the highest level in three months. The rally was driven by growing concerns over the U.S. national debt surpassing $40 trillion and rising anxiety about government bonds and the dollar. Prominent investor Ray Dalio advised reducing bond holdings and allocating 10-15% of assets to gold.

According to Bloomberg, Microsoft's AI revenue is highly concentrated among a small number of large technology clients, with OpenAI contributing approximately 70% of the company's AI revenue in the fiscal year ending June 2026. The AI-related revenue from OpenAI reached $24.1 billion during this period.

According to Guru Club on August 24, ByteDance completed a team integration of its office AI products, merging TRAE and Coze teams into the Douyin system. TRAE Work and Coze will integrate with Douyin's workplace capabilities, while TRAE IDE and CLI will continue as a dedicated programming product line under the Douyin brand. The company plans to launch 'Douyin Work,' a unified AI office product and brand, as early as this week. ByteDance stated the reorganization aims to better coordinate produ

According to security firm PeckShield and confirmed by Term Labs, a governance exploit drained approximately $8.5 million from the DeFi protocol's vaults on August 23. The attacker extracted about 2,843 ETH valued around $6.87 million and 1.68 million USDC worth $1.68 million. Rather than exploiting smart contract code, the attacker accumulated sufficient governance voting power to control decisions on multiple USDC strategy vaults and approximately 91% of the Ethereum Meta Vault, allowing malic

According to the Wall Street Journal, on August 24, Trump administration energy officials claimed substantial oil flows through the Strait of Hormuz, but independent ship-tracking agencies reported sharply lower figures. U.S. Energy Secretary Wright said last week the military assisted over 15 million barrels of crude and petroleum products through the waterway, with average daily exports exceeding 8 million barrels over the past 7 days. Commercial vessel trackers, however, estimated actual flow

According to Jin10 data, President Xi Jinping met with King Abdullah II of Jordan on the afternoon of August 24 at the Great Hall of the People in Beijing for a state visit. The two leaders exchanged views on the Middle East regional situation. Xi emphasized China's consistent position on achieving comprehensive ceasefire and resolving disputes through political and diplomatic channels. He stressed that the sovereignty and security of regional countries, including Jordan, should be respected. Xi

According to QCP Capital, Bitcoin surged over 20% last week (August 24) to touch approximately $79,500, marking its strongest weekly performance since March 2024. The rally coincided with sharp movements in rates markets; the 30-year U.S. Treasury yield briefly approached 5.3%, a level not seen since 2007, before the U.S. Treasury announced on September 9 that it would increase repo operation sizes for long-term liquidity support from up to $2 billion to at least $4 billion per operation, causin

According to CNBC, United Parcel Service announced on Monday it is investing more than $2 billion across its international, healthcare and supply chain solutions businesses through 2028, with investments having begun in 2024. Projects under the plan include a new hub in the Philippines, a Canadian facility in Ontario opening next year and an air hub at Hong Kong International Airport in 2028. UPS has also launched a tech-enabled logistics center in Taiwan and a supply chain solutions facility in

Eric Trump denied rumors that the Trump family is preparing to launch another cryptocurrency on August 22, warning that anyone promoting an unauthorized Trump token is spreading fraudulent information. "No one is launching any kind of coin. If anyone is suggesting otherwise, it's a fraud," Eric Trump wrote in response to an X account called WhaleScan that claimed President Donald Trump was planning a new coin launch. The denial sparked significant market movement among existing Trump-linked toke

According to Apple's announcement in April, on September 1, John Ternus becomes chief executive of Apple (NASDAQ: AAPL), with Tim Cook transitioning to executive chairman. Ternus, 25-year-old senior vice president of hardware engineering, joins the board, while Cook retains external and regulatory engagement roles. The company reported Q3 fiscal 2026 revenue of $109.4 billion, up 16%, with diluted EPS of $2.02, up 29%, though roughly half the earnings beat came from a one-time tariff refund. iPh

According to CNBC, Paramount agreed last month to delay its $110 billion acquisition of Warner Bros. Discovery until as late as June 2027—roughly nine months past the originally planned closing—as an antitrust challenge brought by state attorneys general heads to trial. The deal had already won approval from the U.S. Department of Justice and global regulators. The delay is creating a regulatory chill across the media industry. Multiple pending media deals now face scrutiny from state regulators

According to Bloomberg Intelligence, SoftBank issued 1 trillion yen (approximately $6.3 billion) in corporate bonds to Japanese individual investors this month, setting a record for personal investor purchases of domestic corporate debt. The seven-year bonds carry interest rates between 4.3% and 4.9%, with minimum denomination of 1 million yen. Proceeds will fund AI investments and debt repayment, with OpenAI representing the primary capital demand. This marks SoftBank's third retail bond offeri

According to Odaily, the Meme coin 'Niu Lai' dropped 30.6% in the past 24 hours and is now trading at a market cap of $34.66 million. The token's issuer address has minted 12 different tokens and accumulated 236.94 BNB (approximately $165,000) in transaction fees.

According to CoinDesk, Gemini and Apex Fintech Solutions have signed a memorandum of understanding to distribute Gemini's crypto event contracts to broker clients served by Apex. Under the agreement, Gemini Titan will serve as the exclusive CFTC-regulated trading venue for distributing crypto event contracts through Apex's futures commission merchants (FCM), with Gemini handling trade execution and clearing. This eliminates the need for participating brokers to independently connect to predictio