Gate Crypto Flash News and Market Updates

According to analyst qinbafrank on August 2, the recent Nvidia Rubin HBM downgrade rumors do not apply to the already-shipped standard Vera Rubin NVL72 variant, but rather to the planned Rubin Ultra upgrade whose specifications remain unfinal. Dell delivered the first NVL72 systems to CoreWeave in early June, and as of July, dozens of customers including Microsoft, OpenAI, Anthropic, Google Cloud, Oracle, Nebius, and SpaceX AI have received test units or initial shipments, with some already runn

According to foreign media reports, increased intervention by NVIDIA CEO Jensen Huang in market activities is generating more investor anxiety rather than confidence. Foreign observers noted on July 24 that such interventions mirror central bank market involvement, creating uncertainty among investors. The observation followed Huang's participation in a Global AI Leaders dinner in San Francisco, where he engaged with attendees including South Korean President Lee Jae-myung.

According to the Greek Fire Department, two firefighting helicopters collided west of Athens today (August 2). Rescue operations are underway, with casualty figures not yet disclosed.

According to Xinhua, Brazilian President Luiz Inácio Lula da Silva registered officially as the Workers' Party presidential candidate at the Superior Electoral Court on August 2, Labor Party chairman Edinho Silva announced before the party's national convention.

According to Jin10, next week (August 3-9) will bring multiple key economic data releases. Monday will see China's July manufacturing PMI and the U.S. July ISM manufacturing PMI; Tuesday features the U.S. June trade balance and JOLTS job openings; Wednesday brings the U.S. ADP employment change and ISM non-manufacturing PMI; Thursday will release the U.S. July unemployment rate and nonfarm payrolls; and Friday will feature multiple Federal Reserve officials' remarks.

According to on-chain analyst Ai Yi, a whale address withdrew 3,500 ETH from Binance half an hour ago (Aug 2), valued at $6.495 million at $1,856 per token. The withdrawal marks the address's re-entry into ETH after a two-year gap; it previously profited $700,000 from ETH swing trading in 2024, buying at $2,459 and selling at $3,159.

According to Abdullah Bandar Al-Etabi, assistant professor of international affairs at Qatar University, on August 2, neither the US nor Iran has shown flexibility in their respective positions following the latest statements. The threat of broader conflict remains, particularly over the Strait of Hormuz, where Iran has not softened its stance. However, Al-Etabi noted that recent developments have created more time for diplomatic efforts, allowing Iran and regional countries to work toward arran

According to the Financial Supervisory Service (FSS), South Korean exchanges sent $367 million more in stablecoins to foreign platforms than they received in June 2026, marking the 18th consecutive month of net outflows since January 2025. The gap widened significantly: roughly $1.8 billion flowed out while approximately $1.44 billion returned. The outflow matched 77.6% of Korea's foreign stock purchases that month, compared to just 20% a year earlier, indicating that crypto money now exits the

According to on-chain analyst Ai Yi, address 0x008...E295f withdrew 20,000 HYPE tokens from Coinbase approximately 1 hour ago, valued at $1.03 million. Since June 11, the address has cumulatively withdrawn 240,000 HYPE tokens worth $15.88 million, with an average withdrawal price of $66.17 per token.

According to CoinDesk, crypto exchanges' traditional asset perpetual futures trading volume reached $1.32 trillion in the first five months of 2026, far surpassing the full-year 2025 total of $104.21 billion, per CoinGecko data. Monthly volume grew from $230 million in January 2025 to $347.17 billion in May 2026, marking a 13-fold increase. Coinbase and Binance are among platforms launching "super exchange" models offering crypto assets, stocks, commodities, and tokenized asset trading. The tren

According to CCTV, U.S. Treasury Secretary Bessent announced on July 31 that the Treasury Department is pursuing Iranian assets worldwide under President Trump's direction as part of an ongoing economic campaign against Iran. Bessent cited measures taken since March 2025, including actions that led to the collapse of Iran's largest private bank by year-end, forcing the central bank to increase money printing and driving inflation higher. He stated Iran now lacks sufficient funds to pay military

Aave founder Stani Kulechov has backed plans for the protocol to wind down deployments on six blockchains and remove dozens of lightly used asset markets this week. The cleanup affects $98.1 million in supplied assets and $15.6 million in outstanding debt. Separately, Russian lawmaker Andrey Svintsov advised citizens to avoid Gram cryptocurrency as Pavel Durov, founder of Telegram, faces charges from authorities.

According to South Korea's securities exchange on August 2, regulatory scrutiny over single-stock leveraged ETFs is rippling into broader market segments, causing delays in new ETF listing reviews. Asset management firms are facing postponed approval timelines, raising concerns about new product launches scheduled for the second half of the year.

According to Seeking Alpha, next week's key U.S. stock catalysts include July nonfarm payrolls data, SpaceX's first earnings report, and the end of SK Hynix's IPO quiet period. Economists expect July nonfarm payrolls to rise by 88,000 versus 57,000 in June, with unemployment rate holding at 4.2%. SpaceX's debut earnings call on August 4 will focus on Starlink growth, Starship development timelines, and capital expenditure plans. Other major earnings include AMD, Shopify, Disney, McDonald's, Merc

According to Odaily, Michael Saylor, founder and executive chairman of MicroStrategy, recently released an update related to Bitcoin Tracker information. Based on historical patterns, MicroStrategy typically discloses changes to its Bitcoin holdings the day after such announcements, with disclosure expected next week.

According to Bitcoin News, Michael Saylor hinted that MicroStrategy will resume purchasing Bitcoin after pausing accumulation for over a month.

According to CNBC, Berkshire Hathaway's Class A and B shares reached eight-month highs this week. The stock rally was supported by strong performance from three major holdings: Apple, Coca-Cola, and Bank of America, all posting significant year-to-date gains. Despite the recent momentum, Barron's noted that Berkshire has underperformed the S&P 500 for the year.

According to Standard Chartered and on-chain data, Ripple's private market valuation has surged to an estimated $50 billion, representing a 400% increase from approximately $10 billion in 2019. The milestone comes as Standard Chartered reaffirmed its 2030 price target of $28 for XRP in its latest long-term cryptocurrency outlook. XRP is currently trading at $1.08, meaning a rally to $28 would represent approximately a 2,500% gain. U.S. spot XRP exchange-traded funds have attracted more than $1.5

According to Fars News Agency, Iran denied on August 2, 2026 that a deal exists to reopen the Strait of Hormuz, contradicting President Donald Trump's claim posted on Truth Social earlier that morning. An Iranian source close to nuclear talks stated, "There is no agreement regarding the reopening of the Strait of Hormuz, and the news published about it is false." WTI crude oil jumped approximately 2.4% to $86.79 from Friday's close of $84.67 on the denial, as roughly 20 million barrels per day d

According to BlockBeats, on August 2, Michael Saylor, founder of MicroStrategy, posted Bitcoin Tracker-related information with the caption "Bitcoin Drive engaged."