Gate Crypto Flash News and Market Updates

According to ChainCatcher, Solana's dual deflationary governance vote is now live. The proposal aims to adjust the network's inflation arrangement by increasing the deflation rate from the current -15% to -30%, thereby achieving greater overall inflation reduction. Community members can now participate in the governance decision.

According to the China Steel Industry Association's 14th Member Conference held recently in Shijiazhuang, newly elected chairman Liu Jian outlined the industry's green transition strategy. The association will advance low-emission retrofits of remaining steel production capacity and accelerate industry-wide green transformation under a "dual-carbon" framework. Key initiatives include promoting emissions-reduction technologies and implementing differentiated environmental performance policies.

According to Apollo Global Management chief economist Torsten Slok, AI's impact on employment remains "negligible," but its effects are evident in wage growth slowdown. Analysis by Slok and Sania Edlich found that positions with high AI exposure saw wage growth 6.7% slower than low-exposure roles, with the effect more pronounced among lower-income workers. Slok noted that AI has accelerated business formation, with new company registrations reaching historic highs. He characterized AI's dominant

According to TS Lombard macro strategist Daniel Von Ahlen, the U.S. government's low tolerance for rising Treasury yields is driving increased demand for emerging market carry trades. The firm's emerging market foreign exchange carry trade environment indicator has improved again, reinforcing confidence in the trend's continuation.

According to Bloomberg, dollar-funded emerging market carry trades have delivered approximately 22% returns since the end of 2024 while recording positive gains for seven consecutive quarters—their longest winning streak since 2008. The performance, calculated across eight major emerging market currencies, significantly outpaced other global fixed-income strategies, including U.S. Treasury investments at 5.9% and developing-country dollar bonds at 14%.

According to Iran's official news agency, Iraq requested that Iran grant special transit permits for Iraqi oil tankers to pass through the Strait of Hormuz during Iranian Parliament Speaker Kalibaev's visit on August 22. The report noted that Iraq has previously submitted similar requests through various channels, and Iran currently allows certain Iraqi oil tankers to transit the strategic waterway.

According to Bybit data reported by PANews, Ethena (ENA) rose 11.31% in the past 24 hours on Aug 23, trading at $0.176. The token has accumulated gains exceeding 112% over the past week, reaching its highest level since January 2026.

According to Kepler satellite tracking data cited by the Financial Times, India's daily imports of Russian crude oil surged to over 2.6 million barrels in June and July, up significantly from approximately 1 million barrels in February, accounting for more than half of the country's total daily crude oil imports. The increase follows continued disruptions to shipping through the Strait of Hormuz.

According to the Wall Street Journal, Russia is conducting military mobilization preparation drills nationwide, with Western intelligence officials citing planning exercises in the Kaliningrad enclave last month as part of broader preparations. The exercises included detailed planning for how to recruit, supply, and arm mobilized personnel. Intelligence officials stated that the Kremlin has not yet decided whether to implement full mobilization but will likely make a decision after parliamentary

According to PANews, AAVE hit $130.76 on August 23, reaching its highest level since February 2026, with a 24-hour gain of 3.65%, according to Bybit data.

According to Baidu's officials, on August 23, the company ruled out any secondary equity offering and stated its current cash and operating cash flow are sufficient to support planned operations. Baidu's cash and investments totaled 2.83 trillion yuan as of the end of Q2, with positive operating cash flow for four consecutive quarters. The company's AI cloud infrastructure revenue grew 50% year-over-year, while GPU cloud revenue surged 283% year-over-year, with AI business now accounting for 50%

According to Reuters, altcoins added approximately $215 billion in market value between August 19-22 following Donald Trump's White House crypto summit on August 19. Total2, which tracks the cryptocurrency market excluding Bitcoin, climbed more than 24% over the three-day period and recovered above the $1 trillion threshold. Bitcoin simultaneously broke above $70,000 for the first time since June, as Trump used the summit to pressure Congress to advance digital-asset legislation, including a "fa

According to Iranian media, on August 22, an Iranian military official called on Qatar to transfer a detained Iranian pilot from a floating facility to a land-based hospital. Qatar's Foreign Ministry reiterated this week its position of welcoming an Iranian delegation to review search and rescue details, while denying previous reports of detaining the pilot.

On August 23, according to BlockBeats, Michael Saylor, founder of MicroStrategy, stated that Bitcoin's most significant breakthrough lies in its ability to convert economic resources into digital form and securely connect them to individuals, households, companies, machines, or nations.

According to their joint statement, on August 22, the Democratic Republic of Congo's government and M23 rebel movement reached consensus on a negotiation roadmap for peace talks. The two parties outlined phased steps and timelines for subsequent negotiations, and agreed to establish a mechanism to track the implementation of relevant agreements and commitments. Both sides welcomed progress in the ceasefire verification mechanism and reaffirmed their commitment to advancing conflict resolution th

On August 23, Israel's Defense Minister Kalatz directed the Israel Defense Forces to take immediate hardline action against kite launches from Gaza. The response includes direct strikes on Hamas commanders and operatives responsible for the launches, and destruction of related infrastructure.

According to Iran's Islamic Republic News Agency, President Pezeshkian stated on August 22 evening that Iran must rationally extricate itself from the state of neither war nor peace. Speaking at an event commemorating Doctors' Day in Tehran, Pezeshkian said Iran cannot indefinitely depend on war and must eventually make a decision to end this ambiguous state, as it hinders the nation's ability to attract investment.

Tesla announced Saturday that it will hold a Cybercab unveiling event in Austin, Texas on September 3. The all-autonomous vehicle features no steering wheel or brake pedal, marking a distinct departure from the modified Model Y vehicles currently used in Tesla's Robotaxi services. The company has been conducting Cybercab road tests across multiple U.S. locations since June and employee trials at its Austin facility since July.

The U.S. Office of Government Ethics disclosed on August 22 that President Trump's investment accounts reported 1,051 securities transactions in June, valued between $78.1 million and $263.1 million. The filing, which covers purchases and sales of stocks, bonds and exchange-traded funds, revealed large trades in Berkshire Hathaway, Visa, Mastercard, Meta and Coinbase. According to the White House, independent financial institutions manage Trump's portfolio through discretionary accounts using co

According to Tom Lee, BitMine chairman, speaking on CNBC today (Aug 23), next week could serve as a critical inflection point for the U.S. stock market. Tom Lee highlighted that AI market sentiment recovery hinges on whether Nvidia CEO Jensen Huang can demonstrate sustained strong demand for AI computing power in upcoming appearances, while Federal Reserve officials' public remarks will signal the central bank's policy direction. The S&P 500 hovered near 7,678 level this week, down approximately