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
18:37

Bitcoin Nearly Touches $79,989 on Monday as $396M in Liquidations Hit Market

Bitcoin nearly reached $79,989 on Monday before settling around $79,200, marking an approximate 3% daily gain and pushing its market capitalization to $1.59 trillion. The cryptocurrency briefly dipped below $77,000 earlier in the day before rebounding through multiple surges. Market liquidations topped $396 million across the 24-hour period, with short positions wiped out accounting for $222 million, according to Coinglass data. Bitfinex analysts noted that sustained spot demand is needed to bre
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BTC2.14%
18:33

Crypto M&A Deals Hit $8.6B in 2025, Nearly Quadrupling 2024 Levels

According to PitchBook data reported by Bloomberg, crypto mergers and acquisitions reached $8.6 billion across 267 transactions in 2025, nearly four times the $2.17 billion recorded in 2024. Architect Partners, using different methodology, placed total deal value at $12.9 billion for the same period. Three major transactions defined the year: Coinbase completed a $2.9 billion acquisition of Deribit, combining $700 million in cash with approximately 11 million Class A shares; Stripe closed a $1.1
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18:32

Kraken Postpones IPO to 2027 With Valuation Ranging From $12.19B to $20B

According to Bloomberg, Kraken's IPO, initially planned for Q1 2026, has been postponed to 2027, reported CoinDesk. The exchange paused its listing plans in March 2026 after confidentially filing with the SEC in November 2025, citing difficult market conditions. Kraken's valuation has shown significant divergence between primary and secondary markets. The exchange raised $800 million at a $20 billion valuation in November 2025, but Forge Global's secondary market pricing placed Kraken at $12.19
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18:32

Hyperliquid Hits Record High as $1.2B Token Unlock Looms on August 29

According to Tokenomics.com, 14,175,778 Hyperliquid (HYPE) tokens worth approximately $1.2 billion will unlock on August 29, representing 1.4% of total supply and 2.7% of the token's $19.5 billion market cap. Insiders, including early investors, will receive 46.6% of the release, with the community and Hyper Foundation receiving 46.3% and 7% respectively. HYPE touched an all-time high of $83.27 on August 24 before settling around $77.50 (CoinGecko). Historical data shows mixed price reactions to
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HYPE-4.46%
18:31

Pelosi Acquires 15,000 BE Shares and 200 Call Options Expiring June 2027

According to Congressional disclosures filed with the Clerk of the House, Nancy Pelosi acquired 15,000 Bloom Energy (BE) common shares, 200 BE call options with a $100 strike price, and 10,000 Intel (INTC) common shares in transactions on July 24 and July 28. The BE call options and INTC call options are set to expire on June 17, 2027. The combined disclosed portfolio value ranges between $3 million and $12 million for BE holdings and $250,000 to $500,000 for INTC holdings. Following the disclos
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18:19

KOSDAQ ADR Rises to 107.11% on August 24 as Leverage ETF Curbs Improve Market Flows

According to Money Today, South Korea's KOSDAQ market showed signs of recovery on August 24 following regulatory curbs on single-stock leverage ETFs. The KOSDAQ Advanced Decline Ratio (ADR) climbed to 107.11%, up 7.04 percentage points from the previous day, indicating improved fund circulation across the market. The KOSDAQ index rose 1.42% to 813.33, posting gains in 11 of the month's 15 trading days. KODEX KOSDAQ 150, the largest passive ETF tracking the index, attracted 360.5 billion Korean w
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18:14

Crypto Exchange Volume Doubles to $37 Billion Last Week as Market Rebounds

According to The Block, cryptocurrency exchange volume doubled last week to $37 billion, rebounding from yearly lows. The volume remains below the 12-month high of $105 billion recorded shortly after the 10/10 liquidations. Bitcoin and Ethereum gained over 23% and 30% last week respectively, with the broader altcoin market rising approximately 13% in the same period.
BTC2.14%
ETH1.33%
18:13

U.S. Central Command Forces 71 Merchant Vessels Off Course on August 24

According to the U.S. Central Command, on August 24, the military has forced 71 merchant vessels off course, disabled 3 ships, and boarded 2 vessels to ensure compliance with related requirements. The command has permitted more than 40 vessels carrying humanitarian aid supplies to proceed.
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18:13

Trump Criticizes Canadian Leaders Over Dependence on U.S., Warns of Consequences

According to Jin10, on August 25, U.S. President Trump criticized Canadian leaders on his Truth Social platform, dismissing Ontario Premier Doug Ford's statements as "posturing" and accusing Canada of decades-long dependence on American support. Trump stated that Canada's economy relies heavily on U.S. funds and energy, with significant electricity, oil, and natural gas transiting through American territory. He warned that if Canada does not "behave properly," it will face more severe consequenc
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18:02

Goldman Sachs Reports $86.5M in XRP ETF Holdings as XRP Surges 45.57% in Strongest Weekly Rally in 2 Years

According to market analyst Xaif Crypto, Goldman Sachs reported $86.5 million across five spot XRP ETFs in its Q2 2026 13F regulatory filing. Following subsequent gains, that position is now estimated at roughly $113.7 million, representing a 31% increase in value. The disclosure arrives as XRP delivered its strongest weekly performance in two years, surging 45.57% and outpacing Bitcoin (+24.28%), Ethereum (+33.63%), and other major cryptocurrencies, according to CoinCodex data.
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XRP-1.65%
BTC2.14%
ETH1.33%
18:01

Polestar Barred From US While Volvo Approved Despite Nearly Identical Vehicles, Letter Reveals

According to a letter to dealerships seen by the Wall Street Journal, Polestar said it remains unclear why the U.S. Commerce Department blocked its sales in June while approving Volvo Cars, both owned by Chinese conglomerate Geely Holding, despite selling nearly identical vehicles on the same South Carolina production line. The ban, which applies to 2027 model year vehicles onward, stems from Biden-era rules preventing China from accessing American driver data through connected car technology. P
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