Gate Crypto Flash News and Market Updates

According to CME Fed Watch data as of August 28, the probability of the Federal Reserve maintaining interest rates unchanged in September stands at 64.3%, while the probability of a 25 basis point rate hike is 35.7%. Fed Chair Kevin Powell is set to deliver his first Jackson Hole speech at 10:00 PM Beijing time tonight, with markets closely monitoring whether he signals policy direction for the September 15-16 FOMC meeting.

According to Glassnode, BTC options open interest has rebounded to near 550,000 BTC as the asset approaches $80,000. The DVOL volatility index recovered to around 41, though remaining below the prior 50-60 range. The 25 Delta Skew across maturities narrowed significantly with short-term skew turning negative, indicating reduced downside protection demand and positions tilting toward balanced or bullish directions.

According to ChainCatcher, data from Hyperbot shows an anti-CZ whale's leveraged long positions have generated over $7.2 million in unrealized gains with a 491% return on investment. The whale currently holds 31.32 BTC in a 20x leveraged long position and 8,092.45 ETH in a 15x leveraged long position.

According to Poland's Justice Minister Waldemar Żurek, Radosław Piesiewicz, president of the Polish Olympic Committee (PKOl), was detained on Aug. 27 in connection with a fraud probe into Zondacrypto, a collapsed cryptocurrency firm that served as the official sponsor for Poland's 2026 Winter Olympics team. Prosecutors intend to press charges against Piesiewicz, who allegedly received a $46,605 luxury watch from former Zondacrypto CEO Przemysław Kral in exchange for using his influence with Pola

According to the Wall Street Journal, Chevron is set to expand its long-term operations in Venezuela by adding two heavy oil fields to its portfolio, according to people familiar with the matter.

According to Bitget market data, U.S. stock indices showed mixed performance at market open on August 28. The Dow Jones rose 0.21%, while the S&P 500 gained 0.05% and the Nasdaq fell 0.09%. Semiconductor and storage stocks were mostly lower, with Marvell Technology (MRVL.O) leading declines at 7.24%. Other major chip stocks declined including Intel (INTC) down 1.70%, AMD (AMD) down 1.23%, Nvidia (NVDA) down 0.72%, and Seagate Technology (STX) down 0.88%, while Broadcom (AVGO) and Western Digital

According to IHS Markit, U.S. Chicago PMI fell to 47.1 in August, missing the forecast of 57.9 and declining from the previous reading of 57.6.

According to Arora's statement on X on Friday, Palo Alto Networks CEO Nikesh Arora warned that the AI-driven memory sector's unprecedented "supercycle" will eventually become cyclical as excess profits attract new competitors and technological innovation. "All supply constraints over time have to equate. When excess profits are made in a category, all innovators arrive with cheaper production and technological innovation," Arora said, adding that the memory industry remains fundamentally cyclica

On August 28, President Trump signaled potential sanctions on Chinese banks engaged in transactions with Iran, replying "Who said I'm not?" when reporters asked why he has not yet imposed such measures from the Oval Office. The remark followed Treasury Secretary Scott Bessent's August 25 announcement of Operation Economic Outcast, which designated over 60 Iranian-linked entities across five sectors: digital assets, technology, gold, aviation, and shipping. The sanctions package excluded major Ch

Marvell Technology reported strong fiscal second-quarter results on Friday, but shares fell 6% in premarket trading. The chipmaker posted revenue of $2.74 billion, up 37% year-over-year, and adjusted earnings of $0.94 per share, topping Wall Street expectations. According to analyst Jim Cramer, the decline reflected valuation and positioning concerns rather than weakness in fundamentals, as the stock had already gained roughly 178% in 2026. Data center revenue climbed 46% year-over-year to $2.17

According to an interview with Kitco News, Larry Lepard, Managing Partner at Equity Management Associates, said rising government debt will force central banks to choose currency debasement over aggressive interest rate hikes. Lepard argued that U.S. government debt has reached approximately 120% of GDP, compared with roughly 30% during the 1970s-80s inflation crisis, leaving policymakers with limited flexibility. He expects the monetary system to face a "doom loop" where higher rates increase d

According to Bitget market data, over the past 24 hours, U.S. crypto-linked stocks showed mixed movement. MicroStrategy (MSTR) led gainers with a 6.02% increase, while IREN Ltd suffered the largest decline at 7.88%. Other movers included Coinbase (COIN) up 0.80%, Riot Platforms (RIOT) down 4.00%, and Galaxy Digital (GLXY) down 1.08%.

According to Foresight News, Bitwise's Solana staking ETF (BSOL) reached $1 billion in assets under management 10 months after its launch. The milestone reflects significant investor interest in Solana-based staking products despite broader market conditions.

According to Spark, the protocol has launched a new domain spark.finance and integrated its lending features. The updated Spark App combines two complementary borrowing options: SparkLend, which supports multi-asset collateral lending on Ethereum mainnet, and Isolated Markets, which offers single-collateral borrowing with market-specific risk parameters. The Isolated Markets are powered by Morpho's infrastructure with Spark serving as vault manager, with plans to expand across multiple chains.

According to Jin10 on August 28, Federal Reserve Chair Waller faces a communication dilemma as analysts and investors scrutinize his policy stance. The Fed has missed its inflation target for 65 consecutive months, with limited progress over the past 18 months. Waller has repeatedly pledged to achieve the Fed's inflation goal but provided no specific roadmap, fueling market calls for a policy shift. EY-Parthenon Chief Economist Gregory Daco noted concerns about Fed independence, stating Waller m

The European Space Agency said Thursday it signed contracts with three European launch startups, awarding a combined €543.6 million in development funding. Rocket Factory Augsburg, developing the RFA One rocket, received €186.9 million. PLD Space, developing the Miura 5 rocket, received €158.9 million. Isar Aerospace, developing the Spectrum launcher, received €197.8 million. The European Launcher Challenge initiative aims to expand European launch service supply and ensure more robustness in Eu

OpenAI rolled out ads on ChatGPT's free tier and 399-rupee ($4) per month Go plan in India, one of its largest and most active markets. The ad feature, which clearly labels ads and displays them below responses, is now live across 38 countries including the U.S., Japan, Korea, and European nations. OpenAI will launch self-serve ads on September 4, allowing advertisers to directly bid for ad impressions on the platform. The company stated that ads will not influence answer independence and will n

U.S. stocks opened with mixed signals on August 28: the Dow Jones Industrial Average rose 0.21%, the S&P 500 gained 0.05%, while the Nasdaq-100 fell 0.09%. PayPal plunged nearly 14%, marking its steepest decline since February 3. Separately, BioNTech dropped over 8% after announcing the termination of its Phase 2 clinical trial for colorectal cancer.

According to the U.S. Commodity Futures Trading Commission (CFTC), crypto ATM-related fraud losses reached $388 million in 2025, up 58% year-over-year, according to FBI data. Scammers are increasingly using crypto ATMs, gift cards, third-party applications, and courier delivery services to trick victims into transferring funds. The CFTC warned that legitimate government agencies, financial institutions, and trusted companies will never request payments via crypto ATM, gift cards, or courier serv