Gate Crypto Flash News and Market Updates

According to on-chain data, BTC long positions have maintained stable levels since August 23, with price increases followed by neutral consolidation, according to BlockBeats on August 26. Meanwhile, BTC short positions have continuously declined since August 17, indicating sustained liquidation of short capital. Market conditions now satisfy two of three key catalysts for a broader rally: Bitfinex whales have completed long position accumulation, and both Korean kimchi premium and Coinbase premi

UK 10-year gilt yields fell to 4.981% today, marking the lowest level in 13 days.

According to Guru Club, Indonesia's benchmark stock index fell 4.2% to 5,688.574 points on June 4, marking its lowest level since December 2020.

According to HTX, BNB broke through $700 today, trading at $700.07 with a 24-hour decline of 2.19%.

According to CoinGecko, Upbit's 24-hour trading volume reached approximately $749 million in the past 24 hours, down 55.3% from the previous 24-hour period. The top three trading pairs by volume were: XRP/KRW accounting for 16.15% of volume ($205 million), USDT/KRW at 14.46% ($184 million), and BTC/KRW at 11.37% ($144 million).

According to Hana Financial Investment, LG Household & Health Care sold its Avon North America business for $6 million (8.4 billion won) on August 26, marking a significant loss on the deal. The company acquired the unit in 2019 for 145 billion won (approximately $110 million). Since acquisition, Avon accumulated net losses of 128.6 billion won through 2024, with revenue declining 32% from its 2020 peak of 394.2 billion won. LS Securities noted that while annual revenue will decline by approxima

According to IMF chief Kristalina Georgieva on August 25, all countries must establish and present credible plans to address fiscal issues and ensure debt and deficits remain on sustainable paths. Speaking at IMF headquarters, Georgieva emphasized that central banks must remain highly focused on price stability. She warned that if oil prices rise further, central banks may need to increase interest rates, which could cascade into higher government borrowing costs and slower economic growth. Geor

According to Hyundai's investor day held on August 26, the company raised its 2030 operating profit margin target to 9% or above, up from the previous 8-9% guidance. The automaker maintained its 2030 global sales target of 5.55 million vehicles and 60% xEV sales share amid competitive global markets. Hyundai plans to launch over 100 new vehicle models by 2030 and expand global production capacity by 1.27 million units, including 500,000 units in North America and 320,000 in India. To support pro

Gate News message, crypto startups raised $1 billion in strategic funding rounds in August, marking the highest monthly total across all of 2024. However, only 11 rounds were announced this month, setting the lowest monthly count of the year. The data shows a concentration of larger funding rounds despite fewer total deals.

According to strategist Joe Terranova of Virtus Investment Partners, speaking on CNBC on August 25, Marvell Technology's Q2 earnings release on August 27 could provide a boost to the stalled artificial intelligence sector. Terranova stated that the semiconductor company's results will serve as a gauge of whether hyperscale cloud operators will continue their data center investment pace, potentially reviving interest in semiconductor and AI-related stocks.

According to CNN Business on August 24, billionaires are rapidly acquiring stakes in major sports franchises as an alternative investment amid concerns that artificial intelligence will disrupt traditional business models. The Los Angeles Lakers sold for a record $12.5 billion to former Disney CEO Bob Iger and venture investor Josh Kushner, while the Seattle Seahawks are valued at approximately $9.6 billion and the San Diego Padres sold for $3.9 billion. Investment banker Sal Galatioto noted tha

According to Edaily, SK Innovation announced on August 25 its decision to absorb SKIET, a subsidiary spun off in 2019, with a merger ratio of 0.1174540 SK Innovation shares per SKIET share, effective January 1, 2027. The merger price of 14,783 won per share represents an 85.9% decline from SKIET's 2021 IPO price of 105,000 won, when the offering attracted 80.9 trillion won in retail investor deposits and a subscription ratio of 1,883-to-1. SKIET's 335,222 retail shareholders, comprising 99.9% of

According to an NH Investment & Securities report released on August 26, considering Samsung Electronics and SK Hynix's combined shareholder return plan of around 150 trillion Korean won, the first support level for the dollar-won exchange rate is estimated at 1,340-1,350 won, with potential further downside of 40-50 won. Analyst Kwon A-min noted that the two companies' foreign ownership stakes are 47% and 51% respectively, and the recent won weakness reflects dollar supply sentiment from the an

According to Yonhapinfomax, on August 25, the three major U.S. stock indices rose for a third consecutive day. The Dow Jones Industrial Average closed up 160.24 points (0.30%) at 53,577.40, the S&P 500 rose 24.42 points (0.32%) to 7,677.28, and the Nasdaq Composite gained 171.11 points (0.66%) to 26,151.30. The rally was driven by declining geopolitical tensions between the U.S. and Iran, which triggered a sharp drop in crude oil prices and lower U.S. Treasury yields.

According to ChainCatcher, Chinese AI infrastructure firm Dawning will release a next-generation token acceleration solution targeting large language model inference, designed to address redundant computations and data scheduling challenges. The company's ParaStor distributed storage is already deployed in Dawning 8000, China's first domestically-manufactured 100,000-card AI supercluster. A Sedi Consultant report ranks Dawning first in AI, education, embodied AI, and autonomous driving sectors.

According to Jin10, Ho Chi Minh City announced plans on August 26 to restrict gasoline and diesel vehicles from entering the city center starting mid-2027 as part of a low-emission zone initiative. The city will launch a trial program in July 2027 covering the core downtown area and Thu Thiem new district (approximately 930 hectares). Following a two-year pilot phase, the low-emission zone will expand to all areas within the city's second ring road starting early 2029. This timeline marks a dela

According to Trump's Truth Social post on August 25, U.S. President Donald Trump ordered Defense Secretary Pete Hegseth to significantly scale back joint military drills with South Korea. Trump stated he disapproved of the joint exercises due to his relationship with North Korea's Kim Jong Un, citing high costs and the fact that the U.S. typically bears a substantial portion of the expenses. Trump also noted that South Korea declined his proposal to participate in joint efforts regarding Iran's

According to the Conference Board, U.S. consumer confidence declined to 89.4 in August, down 0.8 points from July and missing market expectations of 90.2. The index has fallen for two consecutive months. The Present Situation Index rose 6.8 points to 121.2 after three months of decline, while the Expectations Index dropped 5.8 points to 68.2. Chief Economist Dana Peterson noted that consumers' assessments of current business conditions improved slightly and labor market sentiment strengthened, o

On August 26, Shinhan Financial Group and Visa formalized a strategic cooperation agreement to advance digital asset services and payment infrastructure, with the partnership signed by Shinhan Financial Chairman Jin Ok-dong and Visa President Chris Newkirk in Seoul. Under the agreement, Shinhan Financial will utilize Visa's stablecoin platform for token issuance, transfers, and redemption, while jointly designing business models aligned with South Korea's regulatory framework. Shinhan Card, the

According to a joint statement by Iranian Foreign Minister Abbas Araghchi and Omani Foreign Minister Badr bin Hamad Al-Busaidi on August 25, the two countries have agreed on a framework for establishing a temporary joint shipping corridor through the Strait of Hormuz and implementing joint mine-clearing operations. The framework will remain in effect until a permanent safe passage agreement is finalized, and includes provisions for information sharing, traffic management, and maritime security c