Gate Crypto Flash News and Market Updates

According to Reuters, on Friday BIS General Manager Pablo Hernández de Cos argued that stablecoins do not function credibly as a means of payment at scale, instead advocating for tokenized bank deposits as a stronger alternative to harness tokenization while preserving monetary system foundations. Hernández de Cos acknowledged stablecoins could lower government borrowing costs but warned of potential downsides: if customers shift bank deposits into stablecoins, banks may face higher funding cost

According to GMGN data, Robinhood ecosystem Meme coin COPPERINU surged to a $15 million market cap intraday on August 29, marking a gain of over 2,296%. COPPERINU was deployed by Pons Vault developer and 40% of tokens were allocated to crypto influencer Him, who stated the allocation supports planned staking, claims, and burn mechanisms, with tokens to be used for community airdrops.

According to Odaily, Robinhood DEX achieved $582 million in trading volume over the past 24 hours, marking a rise in trading activity, according to crypto researcher Adam.

According to CNBC, Meta agreed to pay up to $17 billion to settle a lawsuit brought by a bipartisan coalition of state attorneys general this week. The landmark settlement requires Meta to implement substantial changes to Facebook and Instagram, including a default two-hour daily time limit for teens, muted notifications during school hours, and enhanced parental controls. The case alleged that Meta's social media platforms endangered children and teenagers. The settlement comes amid mounting pu

Japan's Ministry of Finance deployed 11.7 trillion yen (approximately $73 billion to $73.5 billion) in currency intervention during April-May alone after the yen hit 160.725 per dollar on April 30, marking the largest single-month intervention on record. A subsequent operation on July 30 cost around $53 billion, bringing Japan's total 2026 intervention spending to approximately $96 billion. The yen's weakness stems from the interest rate differential between Japan and the United States, as highe

According to Crypto Briefing citing South Korea's Ministry of Science and ICT, on August 28, the government selected three consortia—SK Telecom, KT, and Kakao—to operate its "AI for All" initiative, providing free, unlimited AI chatbot access to approximately 52 million residents. The ministry announced the competitive bidding process on July 13, with winners chosen from six bidders. The government is supplying 512 Nvidia B200 GPUs to power the service, which will remain free through at least 20

According to GMGN data reported by BlockBeats, on August 29, multiple meme tokens on Binance Smart Chain surged significantly today. The token "4" led gains with a 52% increase, reaching a market capitalization of $17.78 million. "Lobster" followed with an 18.11% gain and a market cap of $71.27 million, while "I Came" rose 21.35% to $13.64 million in market value.

According to Kitco News, spot gold fell to $4,552 an ounce on Friday (August 28) as the market reacted to Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Central Bank Symposium. Warsh emphasized that price stability is a greater concern than the slowing labor market, citing PCE inflation at 3.7% on a 12-month basis and 4.1% on a six-month basis. Market analysts interpreted his comments as signaling a potential rate hike as early as next month, causing gold prices to drop more than

According to FinanceFeeds analysis, Brent crude settled at $88.10 on August 28, 2026, while the consensus forecast from J.P. Morgan and the EIA sits at $80 in Q4 and $78 at year-end—implying the current market price carries a geopolitical risk premium that forecasters do not expect to survive. The 12-month scenario framework is $120 bull case, $80 base case, and $60 bear case. The core tension: the Hormuz disruption cut Middle Eastern crude exports from 18.3 million to 8.8 million barrels a day,

According to BlockBeats, on August 29, crypto KOL 0xkioto summarized the common pattern of Robinhood chain tokens with market caps exceeding or near $100 million. Tokens such as CASHCAT, AI, and PONS initially attracted significant capital inflows through strong market appeal. After first-wave rallies, these tokens experienced crashes ranging from 60% to 95%, transferring supply to long-term holders and related teams ahead of potential next-phase demand.

According to an Aug. 27 announcement, the U.S. Securities and Exchange Commission declared Evernorth Holdings Inc. and Armada Acquisition Corp. II's Form S-4 effective, clearing the way for Armada II shareholders to vote on the proposed merger on Sept. 30. Evernorth founder and CEO Asheesh Birla stated the company aims to operate as an actively managed XRP treasury on Nasdaq under the ticker XRPN, with the transaction projected to close in late Q3 or early Q4 2026. The SEC's action permits the v

According to Bank of England Governor Andrew Bailey, Federal Reserve Chair Kevin Warsh's latest remarks at the Jackson Hole Economic Symposium carry "real substance." Warsh, who took the Fed's helm in 2026 after succeeding Jerome Powell, has signaled a shift away from the detailed forward guidance that characterized the Powell era. Instead, he is pushing for a framework centered on broader "price stability" concepts rather than rigid numerical targets, allowing the Fed greater flexibility in res

On Aug. 27, the National Football League announced multi-year sponsorship agreements with DraftKings, FanDuel, and Fanatics Betting and Gaming, marking its first sportsbook partnerships since prior deals expired on March 31. All three partners agreed to prohibit wagers on injuries, officiating, and outcomes easily manipulated by a single actor, in alignment with game integrity policies. The league did not disclose financial terms. Regarding prediction markets, NFL Executive Vice President Renie

According to Sosovalue data, U.S. spot bitcoin ETFs recorded $202 million in net outflows on August 28, snapping a nine-day inflow streak that had accumulated roughly $3.04 billion. The reversal marks the first outflow day after bitcoin ETF assets surpassed $100 billion in net assets on August 27. Meanwhile, spot ether ETFs bucked the trend by pulling in $102 million on the same day, extending their buying streak to ten consecutive days. Bitcoin's price opened at $80,261.86 on August 28 before f

According to the Commodity Futures Trading Commission (CFTC), former White House teleprompter operator Gabriel Perez was ordered on August 29 to pay $172,000 to settle charges that he used advance access to President Trump's speeches to profit from prediction markets on Kalshi. Perez was ordered to repay $107,539.02 in profits and pay a $65,000 civil fine, and is barred from trading on CFTC-registered entities for three years. The CFTC said Perez read Trump's prepared remarks approximately one h

According to Terminal-Bench, GLM-5.3 + Claude Code achieved 41.8% in the latest Terminal-Bench 4.0 ranking, climbing to third place and surpassing GPT-5.6 Sol + Codex's 37.3%. The model improved significantly from Terminal-Bench 3.0, where it ranked fourth with 32.4% and trailed behind Sol's 34.6%.

According to Pons official on X, 29% of PONS total supply has been burned to date. The Robinhood Chain ecosystem token reached an all-time high market cap of $2.14 billion and currently trades at $2.08 billion, up 61.32% in 24 hours, according to GMGN.

According to Jin10, Italy's Eni announced on August 29 it is collaborating with Venezuelan authorities to support the country's energy sector recovery. The move comes as the Trump administration seeks to control 55% of actual output from a joint venture involving oilfields with approximately 65 billion barrels of proven reserves. Eni stated it is working with all relevant departments to support Venezuela's energy revival and has recently expanded its operations, including signing a gas export ag

According to The Daily Telegraph, UK Prime Minister Burnham shelved two key green tax plans on August 29 to ease cost-of-living pressures. The government abandoned plans to impose environmental fees on waste incinerators and ports as part of the carbon emissions trading scheme (ETS). The original plan by former PM Starmer would have expanded the ETS to cover domestic ports and waste facilities, requiring companies to pay for carbon emissions exceeding government-set limits. Officials cited conce

According to New York's Division of Consumer Protection, the state issued an investment scam alert on Aug. 26 after 144,041 consumers reported losing over $8 billion in 2025, representing a 38% increase from 2024. The median reported loss reached $10,560. Fraudsters increasingly use artificial intelligence to clone voices, fabricate videos, and create convincing social media advertisements promoting fake cryptocurrency projects and trading platforms. State officials warned consumers to verify pr