Gate Crypto Flash News and Market Updates

According to CoinGlass, 72,459 traders were liquidated across crypto markets in the past 24 hours on August 29, with total contract losses reaching $311 million. Long positions accounted for $263 million in liquidations, while short positions saw $47.89 million wiped out. Bitcoin liquidations totaled $111 million, while Ethereum accounted for $73.33 million. The largest single liquidation occurred on Binance's ETH/USDT pair, worth $11.67 million.

According to CNBC, Salesforce reported robust quarterly results Wednesday, with its combined AI and data annual recurring revenue reaching $3.9 billion, more than tripling year over year. The company's Agentforce product grew to $1.5 billion in ARR within 18 months of launch, up 240% year over year, while Data 360 ingested 104 trillion customer records this quarter, up 355% year over year. The stock surged over 20% following the announcement. CEO Marc Benioff stated the 'SaaSpocalypse' narrative

According to CNBC, on Aug. 26, 2026, Meta settled a social media addiction lawsuit with a coalition of U.S. state attorneys general, agreeing to an $18 billion settlement. The agreement includes $12.7 billion to be paid directly to states over 10 years, with the remaining $5.3 billion conditional on TikTok and YouTube adopting similar platform safeguards for minors. Meta committed to implementing fundamental changes for users under 18, including a 2-hour daily usage limit that only parents can o

According to CNBC, Goodyear CEO Mark Stewart revealed on August 14 that the company posted a net loss of $453 million in the first half of 2026, while debt remained above $7 billion. The tire manufacturer's operating income was $131 million, representing a 1.6% margin, falling short of its 10% target. Despite cost reductions of $1.5 billion since launching the Goodyear Forward turnaround plan, the company continues heavy restructuring with capital expenditures of $725 million expected this year.

According to CNBC's Investing Club with Jim Cramer, technology stocks surged this week (Aug 25-29) as earnings results showed AI demand remains robust and benefits extend beyond hardware makers. The Nasdaq Composite gained 0.9%, the S&P 500 rose 0.5%, and the Dow Jones Industrial Average added 0.5%, marking the Dow's first winning week in three. Much of the rally occurred Thursday following Nvidia's stellar fiscal second-quarter results and strong forward guidance. Nvidia shares finished the wee

According to Grayscale, on Aug. 27, Bitcoin's 90-day correlation with gold has climbed above 50%, reversing from near-zero levels at the start of 2026, while its correlation with the Nasdaq 100 fell from more than 60% to roughly 33% through Aug. 24, based on Bloomberg data. The shift coincides with U.S. public debt surpassing $40 trillion in August, sharpening fiscal concerns and reviving the debasement trade, where investors favor assets with constrained supply over government-issued currencies

According to BlockBeats, on August 29, COPPERINU meme coin founder him announced plans to conduct manual community airdrops modeled after the ANSEM token approach. "Ultimately, I will distribute nearly all of my supply," him stated. The token's market cap reached $20.36 million as of the report. Previously, the token's developer transferred 40% of total supply to him's wallet. Him subsequently committed to developing the token with staking, claiming, and burning features, and to allocate the tra

On June 29, 2026, Binance futures volume hit $28.74B with Bitcoin and Ethereum capturing 77.1% combined—Bitcoin at 47.9% and Ethereum at 29.2%. Altcoin volume share collapsed from 63% to 47% week-over-week, with significant outflows from mid-cap tokens: ASTER fell 76%, WLD dropped 48%, and HYPE shed 35%. By August 2026, the rotation reversed sharply. Altcoin volume share rebounded to 65%, the highest in two years, while Bitcoin's share fell to 21% and Ethereum to 13.6%. The 18-percentage-point s

Evercore ISI analyst Mark Mahaney raised Amazon's price target to $335 on May 1, citing strong momentum from Rufus, the company's AI shopping assistant. More than 250 million customers used Rufus in 2025, and those users were 60% more likely to make a purchase compared to non-users. Mahaney estimates that Rufus contributed roughly $10 billion in incremental gross merchandise value in 2025 alone. By 2028, the analyst projects AI-powered commerce features could add up to $56 billion to Amazon's re

According to Coinpaper, U.S. spot XRP ETFs attracted $110.49 million in net inflows during the week ending Aug. 28, marking the strongest weekly performance of 2026. XRP, however, traded near $1.38 on Aug. 29, down approximately 7% over the past seven days. Cumulative inflows reached $1.66 billion, with total net assets near $1.44 billion. The latest inflow figure more than doubled the previous 2026 weekly high of roughly $60.5 million.

According to BlockBeats, citing trader Killa, the data across several Bitcoin bull-bear cycles shows the bear market depth is gradually becoming shallower, indicating the cycle bottom may have already formed. Killa stated tonight that the scenario of Bitcoin falling to $50,000 in October is "nearly impossible." However, if Bitcoin falls to $61,000, liquidations for long positions could reach $20 billion, creating potential incentive for market makers to clear longs and reposition.

According to trader Killa on X tonight, Bitcoin's bear-to-bull cycle data suggests the current cycle bottom may have formed, with bear market depths gradually shallowing. Killa stated that Bitcoin falling to $50,000 in October is highly unlikely. However, if Bitcoin declines to $61,000, the expected liquidation value for long positions could reach $200 billion. Killa, a quantitative trader focused on BTC with over 200,000 followers on X, predicted the bull market peak in May 2025. In mid-April,

According to onchain data flagged by LookOnChain and reported by Bitcoin.com News, 15 newly created wallets linked to the realtrumpcoins X account conducted a coordinated dump of GOLD tokens on Solana on Aug. 28, netting a $312,000 profit. The wallets purchased 224.5 million GOLD tokens for just $18,657, giving insiders control of 82.45% of total supply alongside the developer's 600 million tokens. Hours later, the same 15 wallets sold their entire position for 3,178 SOL (roughly $330,000), secu

According to CoinDesk, a Bitcoin Policy Institute study released August 29 shows the "digital gold" narrative has limited persuasive power among mainstream Americans, ranking last in national testing. The most compelling messaging emphasizes personal control, past performance, and security—highlighting that buyers need not commit large sums and can invest as little as $10. Among the 52% of respondents classified as persuadable, those completely uninterested dropped from 39% to 32% after exposure

According to Reuters, Taiwan strengthened defenses on the Penghu archipelago during August's Han Kuang exercises, with troops deploying tanks, artillery, mortars, and armored vehicles. The 90-island cluster lies approximately 50 kilometers off Taiwan's southwest coast and could be targeted in an initial invasion wave, according to Taiwanese security officials. Taiwan's Coastal Operations Command deployed Hsiung Feng missile launch vehicles to Penghu for the first time during the drills, and the

According to GMGN, COPPERINU meme coin on the Robinhood chain surged over 1000% in 24 hours, pushing its market cap to $18 million. The token reached its all-time high during the rally. The COPPERINU token was deployed by Pons Vault developers, with 40% of the token supply sent to crypto KOL Him. Him confirmed receiving the token and stated plans to integrate staking, claiming, and burning mechanisms for the asset, with proceeds directed to community airdrops.

According to hire reports, Joseph Thompson, senior vice president and head of treasury at the London Metal Exchange, is joining Ripple's Trading and Markets team on Aug. 31. His role will focus on tokenized real-world assets as Ripple expands into institutional trading and corporate finance.

According to CNBC, Salesforce delivered a blockbuster earnings report released Wednesday, with shares surging 20% following the announcement. Adjusted earnings of $5.90 per share nearly doubled consensus estimates of $3.27, while revenue grew 11% year-over-year to $11.35 billion, with non-GAAP operating margins reaching 34.1%. CEO Marc Benioff highlighted the company's dominance in enterprise data: Data 360 ingested 104 trillion customer records this quarter, up 355% year-over-year, while Agentf

According to Al Jazeera, on August 29, the Iraqi armed group Kataib Sayyid al-Shuhada linked compliance with domestic weapon oversight to 10 conditions, with complete U.S. military withdrawal from Iraq as the primary demand. The group, which maintains ties with Iran's Revolutionary Guards, called for ending American military presence "under any pretext" and prohibiting the use of Iraqi airspace for attacks on neighboring countries. Additional conditions include strengthening Iraqi armed forces a

According to HTX data, on August 29, Bitcoin briefly broke through $78,000, trading at $78,007.56 with 24-hour losses narrowed to 0.28%.