Gate Crypto Flash News and Market Updates

According to the U.S. Commerce Department, the nation's second-quarter real GDP grew at an annualized rate of 1.5% on a seasonally adjusted basis on August 26, matching market expectations and the preliminary estimate. The growth was slower than the first quarter's 2.1%. The revisions reflected increases in consumer spending, exports, and investment, partially offset by a decline in government spending. Real final sales to private domestic purchasers rose 4.2% in the quarter, up 0.3 percentage p

According to Jin10, India's state-owned Hindustan Aeronautics Limited (HAL) and France's Safran Group's helicopter engine subsidiary signed a final contract today (August 26) to jointly design and develop the Aravalli helicopter engine. The engine will produce 3,500 to 4,000 shaft horsepower and will be used in HAL's planned 13-ton multi-purpose helicopter and its naval variant.

According to a joint statement, Coinbase and Better Mortgage made their token-backed conforming mortgage generally available to Coinbase One members on Aug. 12, allowing eligible borrowers to pledge crypto as collateral. Approved borrowers receive a lender credit equal to 1% of the mortgage value, capped at $10,000, applicable to standard mortgages, home equity lines of credit, and refinances. The waitlist prior to launch represented over $260 million in projected loan volume.

According to The Block, Better Mortgage and Coinbase have fully opened their crypto-collateralized mortgage product to Coinbase One users on August 26. The offering allows borrowers to use BTC and USDC as down payment collateral without selling their holdings. Eligible Coinbase One users receive a 1% lender credit (capped at $10,000) toward closing costs when applying for mortgages, home equity lines of credit, or refinancing with Better.

According to ChainCatcher, Dune announced changes to its free plan starting September 10, 2026. Users who created accounts before July 21, 2026 will see their free plans converted to view-only mode, allowing them to browse all content but requiring a paid plan to run queries. Existing work will be preserved, and affected users will automatically receive a 14-day Plus plan trial to access premium features. Users who opened accounts after July 21 will not be impacted.

According to Bloomberg, citing knowledgeable sources, JPMorgan Chase recently evaluated launching its own stablecoin. The evaluation reflects the bank's ongoing interest in blockchain and digital asset technologies.

According to U.S. District Judge Katherine Polk Failla's ruling on Tuesday, Tornado Cash co-founder Roman Storm will face a retrial on unresolved money laundering and sanctions charges on April 26, 2027, at the Thurgood Marshall Courthouse in New York. The retrial was originally scheduled for October 2026, but prosecutors' request was delayed pending a decision on Storm's separate motion challenging his existing unlicensed money transmitting conviction. A final pretrial conference is scheduled f

According to Jin10, data released on August 26 showed the U.S. July PCE price index, the Federal Reserve's preferred inflation gauge, remained at 3.7% year-over-year, higher than economist expectations of 3.6%. The print marks the 65th consecutive month above the Fed's 2% target. Separately, the USDA reported private exporters sold 333,000 tons of soybeans to China for delivery in 2026/2027. The EIA reported U.S. commercial crude oil inventories (excluding strategic reserves) increased 95,000 ba

According to Bloomberg, French-German tank manufacturer KNDS NV plans to restart investor meetings regarding a potential initial public offering as early as late September. The company will hold meetings next week to brief investors on the latest developments, after a defense sector downturn halted its summer IPO plans earlier this year. A KNDS representative stated the company is "prepared to immediately restart the IPO process once market conditions become favorable."

According to Odaily, Flop Labs published its initial FLOP token economics proposal, allocating 172 billion tokens by year 10 with a final annual inflation rate of 0.6%. The plan includes no VC allocation or presale; all FLOP must be earned through network participation. Miner rewards account for 88 billion tokens (51.2% of total), while 35 billion tokens (20.4%) are designated for airdrops split between miners (12 billion), validators (3.1 billion), delegates (12 billion), and reserves/incentive

According to Morningstar, Ed Yardeni, president of Yardeni Research and longtime Wall Street bull, has raised his S&P 500 year-end target three times this year, from 7,700 to 8,250 and then to 8,400. Yardeni argues the current market rally is driven by "excellent earnings momentum" (FEMO) rather than fear of missing out (FOMO). He notes that while the S&P 500 forward price-to-earnings ratio has expanded, the semiconductor sector trades at approximately 17x PE and the overall market at 20x PE, si

According to Morgan Stanley's Chief Economic Strategist Ellen Zentner, August's core personal consumption expenditures (PCE) price index rose 0.2% month-over-month and 3.3% year-over-year, both in line with expectations. Zentner noted that while the data showed a modest upside surprise in inflation and relatively strong economic performance, it remains insufficient to alter the decision-making trajectory ahead of the Federal Reserve's September Federal Open Market Committee (FOMC) meeting.

According to official announcement, MiniMax revised its API and cloud service agreements with Alibaba on August 26, with the revised terms extending through December 31, 2028. The amendments modify the annual caps for continuing connected transactions under both the main API service agreement and the Alibaba Cloud computing service agreement for the years ending December 31, 2026, 2027, and 2028.

According to Odaily, Flop Labs announced its FLOP tokenomics framework with no venture capital allocation or pre-sale, all tokens earned through network participation. The protocol projects cumulative supply of 17.2 billion FLOP by year 10 with a final annual inflation rate of 0.6%. Of the total allocation, miners receive 8.8 billion FLOP (51.2%), followed by airdrops at 3.5 billion (20.4%), team and foundation at 2 billion (11.4%), validators at 1.2 billion (6.9%), brokers and agents at 1.2 bil

According to Handelsblatt citing industry sources, Volkswagen AG plans to bring former supervisory board member Marianne Heiss back to its highest supervisory body, replacing Susanne Wiegand. Heiss, 53, previously served on Volkswagen's supervisory board from February 2018 to July 2025 and was a member of the audit committee. Wiegand left her position two months ago after serving less than a year. Heiss currently holds supervisory board positions at Audi and Porsche SE.

According to the U.S. Energy Information Administration (EIA), American refinery utilization rates rose to their highest level since September 2018 in the latest week.

According to Wall Street Journal reporter Nick Timiraos, Fed Chair Kevin Warsh will deliver remarks at Jackson Hole Global Central Bank symposium on Friday, August 28, with markets focused on whether he will signal support for a rate hike. The key question centers on the source of U.S. inflation: temporary shocks from tariffs and energy disruptions, or structural demand overheating requiring tighter policy. Fed officials remain split on whether current policy rates around 3.6% are restrictive en

According to Delta Air Lines' statement, Delta and United Airlines will resume daily nonstop flights from New York to Tel Aviv starting September 6, marking the first service restoration since the 2023 Hamas-Israel conflict. Delta's inaugural flight is scheduled to depart on September 6, arriving in Israel the following morning, with return service from Tel Aviv on September 7.

According to on-chain data, an address associated with Tron founder Justin Sun unlocked 5,000 stETH via Lido for the first time since July 18, 2025. The transaction valued approximately $12.3 million. Sun currently holds around 243,000 stETH on-chain, worth an estimated $600 million. The redemption purpose remains unclear; market participants will monitor whether the redeemed ETH is transferred to centralized exchanges.

According to Jin10, intraday on August 26, WTI crude oil surged 1.00% to $81.50 per barrel, while Brent crude oil climbed 1.00% to $86.72 per barrel.