Gate Crypto Flash News and Market Updates

According to Jin10, on August 21, China's Vice Finance Minister Liao Min stated at a State Council Information Office press conference that over 2 trillion yuan in local government special-purpose bonds and ultra-long-term special treasury bonds remain to be issued and utilized in the second half of 2026. The pending issuance scale represents a historically large volume for the same period, enabling the government to maintain policy intensity.

According to Vice Finance Minister Liao Kun at a State Council press briefing on August 21, China has issued 2.4 trillion yuan in special-purpose bonds through July 2026, supporting 18,000 construction projects. The bonds have been deployed to fund infrastructure and development initiatives across the country.

China and Indonesia held the inaugural meeting of their comprehensive strategic dialogue mechanism in Jakarta on August 21. The talks represent the first formal engagement under the newly established mechanism aimed at strengthening bilateral relations.

According to Einfomax, on August 20, U.S. President Donald Trump claimed in an interview with former lawyer Michael Cohen that the United States had destroyed Iran's military forces and leadership to prevent Tehran from acquiring nuclear weapons. Trump stated that Iran would "certainly use" nuclear weapons if it obtained them, characterizing Iran as the "bully of the Middle East." He asserted that U.S. military operations, including B-2 bomber strikes, were justified. Trump framed the economic c

According to China's Ministry of Finance, in the second half of 2026, fiscal policy will focus on three areas: accelerating fund utilization, expanding domestic demand, and strengthening fiscal reform and management. The ministry stated that additional policies will be introduced in response to macroeconomic conditions to support quality and reasonable growth.

According to TradingBeats data monitored by BlockBeats, the fourth-largest ETH long position on Hyperliquid has expanded unrealized gains to $7.3 million as of August 21, with an entry price of $2,027. The trader initiated the position on August 19 when ETH rose to $2,057 and has already taken partial profits, realizing $864,565 in gains on August 20 morning.

According to the Ministry of Finance, the central government will increase investment in basic research, applied basic research, and national strategic technology initiatives during China's 15th Five-Year Plan period (2026-2030).

JPMorgan Chase downgraded Popmart (09992.HK) to underweight from neutral today, cutting its target price to HK$120 from HK$165. The bank highlighted that Q2 marked a true inflection point, with revenue declining 11% year-over-year—the first single-quarter decline since 2023. First-half revenue reached 17.2 billion yuan, up 24% annually but below JPMorgan's forecast. The bank predicts Q3 revenue will drop over 35% year-over-year, narrowing to around 20% in Q4.

According to Jin10 data, on Friday (August 21), the Nikkei 225 index fell 0.3% by mid-session close, as Middle East conflict uncertainty pushed up oil prices and stoked inflation concerns. The index is expected to post a 4% weekly decline—its largest single-week drop since mid-July. The broader Topix index declined 0.1% and is forecast to slide 3.4% for the week. Nomura Securities strategist Maki Sawada noted that with Middle East uncertainties persisting, profit-taking is likely to accelerate a

According to RBC Capital Markets, the S&P 500 historically exhibits a distinct pattern during U.S. midterm election years: peaks in August or September, dips to lows in October, rebounds in November, and experiences a second dip in December. Analyzing 2018 and 2022, RBC identified consistent volatility in both years but found the market-formed lows more resilient afterward. RBC strategist Lori Calvasina projects that unless an economic recession or major interest rate shock occurs, the S&P 500 c

According to ChainCatcher, MANTRA Chain halted operations today as a preventive measure following an incident under investigation. All endpoints and transactions have been frozen, temporarily affecting deposits to and withdrawals from the chain. The team stated no root cause or recovery timeline is currently available and will update users through official channels once verified information is obtained.

According to Beating AI, OpenRouter launched Ox Alpha, a new anonymous model, today (August 21). The model features 1 million token context and supports text, image, and video inputs, designed for code, long-horizon agent tasks, and production environments. The model is currently available for free testing, and the provider will not use user prompts or outputs for model training. Community speculation suggests Ox Alpha may originate from Xiaomi's MiMo team, aligning with recent statements from X

South Korea's National Assembly yesterday proposed amendments to the Special Finance Act (SFA) granting the Financial Intelligence Unit (FIU) direct enforcement authority over unreported cryptocurrency asset operators, according to a proposal sponsored by 10 legislators including Rep. Eom Tae-young on August 20. The amendment allows any individual to file reports with the FIU director regarding SFA violations and empowers the FIU director to conduct investigations and analysis upon receiving suc

According to the Ministry of Finance, the government has allocated 187.5 billion yuan for consumer goods trade-in initiatives since the beginning of 2026. The program has driven approximately 13.2 trillion yuan in related commodity sales and benefited 178 million consumer transactions to date, according to state media Xinhua.

According to Jin10, Cuba condemned new U.S. sanctions announced by the United States on August 20. President Díaz-Canel stated on August 21 that Cuba will persist in resistance and ultimately prevail, and that the U.S. will eventually be listed among perpetrators of genocide. Foreign Minister Rodríguez criticized U.S. Secretary of State Rubio on the same day, accusing him of continuous suppression of Cuban enterprises and deliberately seeking to damage Cuba's economy and obstruct the government'

According to BlockBeats, on August 21, trader Killa stated that Bitcoin has formed a bottom and may enter a consolidation range, which could serve as an accumulation phase before the next rally expansion.

According to Yonhap Infomax, as of August 21, South Korea's dollar-won exchange rate has fallen 163.20 won in just over a month, yet 3-year government bond yields have risen, breaking their historical correlation. The exchange rate dropped from a July 2 peak of 1,555.80 won to 1,392.60 won as of August 20, while 3-year government bond yields increased from 3.745% to 3.822% (up 7.7 basis points). Analysts attribute the divergence to the Bank of Korea's reduced focus on exchange rates when determi

According to BlockBeats, Bitget Launchpool project ALIGN opened deposits on August 21 with a total reward pool of 9,666,666 ALIGN tokens. The locking period closes on August 27 at 11:00 UTC+8. Two staking pools are available: BGB pool offering 8,333,333 ALIGN and ALIGN pool offering 1,333,333 ALIGN, with separate deposit limits per pool tier.

According to the Chinese Ministry of Finance on August 20, the government expanded fiscal subsidy programs to support domestic demand. The central government will now provide 1% annual subsidies for new working capital loans issued to eligible small, medium and micro-sized private enterprises, with subsidy periods capped at 2 years. Additionally, credit card installment services including promotional installments, consumer financing installments, and cash advance installments were brought into t

According to South Korea's Ministry of Economy and Finance, the country submitted its first-ever tax expenditure report to the National Assembly on August 18, 2026. Last year's national tax relief totaled 76.1 trillion won, marking a 5.6 trillion won increase from the previous year. The national tax relief rate reached 15.9%, exceeding the statutory limit of 15.5% by 0.4 percentage points. This year's tax relief is projected at 80.5 trillion won with a 16.1% relief rate, expected to remain withi