Gate Crypto Flash News and Market Updates

According to Coinglass data, Ethereum's open interest across all networks rose 7% over the past 24 hours, reaching a total of $33.084 billion. Binance accounted for $9.15 billion, followed by Gate at $2.718 billion and Bybit at $2.253 billion.

According to AT&T, the company reduced AI coding costs by 56% through model routing technology between February and July 2026, with only a 2% performance decline. The telecom giant implemented LiteLLM-based routing that directs routine employee queries, particularly coding-related tasks, to lower-cost open-source models, while reserving premium models from OpenAI and Anthropic for complex work. Currently, open-source models handle approximately 40% of employee AI queries on AT&T's internal "Ask

According to BlockBeats and HTX data, Zcash (ZEC) surged past $833 today (Aug 22), marking an all-time high and posting a 1970% gain over the past year. The rally was driven by multiple catalysts, including Grayscale's fourth S-3 amendment filing to convert its Zcash Trust into a spot ETF (proposed ticker ZCSH) and DCG's potential injection of approximately 200,000 ZEC into the fund. Additionally, Cypherpunk Technologies, backed by the Winklevoss twins, launched a major ZEC mining cluster contro

International gold prices have surged over 12% in roughly a month, triggering renewed investor interest in bank gold products in South Korea. As of August 19, combined gold deposit balances at three major commercial banks reached 1.7822 trillion Korean won, rebounding for the first time in approximately seven months. Additionally, gold bar sales at the nation's five largest banks hit a daily average of 1.83 billion Korean won this month.

According to Jinshi Data, eight foreign ministers from Egypt, Jordan, the UAE, Indonesia, Pakistan, Turkey, Saudi Arabia, and Qatar released a joint statement on August 21, condemning Israel's illegal settlement policies in occupied Palestinian territories. The statement explicitly opposes the E1 settlement plan and settlement activities in East Jerusalem. On August 18, Israel's government announced a tender for 1,234 housing units in the E1 area. In August 2025, Israeli Finance Minister Bezalel

According to Tushar Jain, co-founder of Multicoin Capital, Strategy's perpetual preferred stock STRC has failed to recover to par value despite Bitcoin's significant rally on August 22, citing dividend yield that is too low. STRC, initially positioned as a fixed-income product, has experienced approximately 30% drawdown.

According to Ken Griffin's letter to clients on Friday (August 21), Citadel has disposed of over 80% of the risk in its original acquired portfolio through more than 100 block trades worth over $4 billion, involving 10 different stocks. Griffin described these trades as "the largest single-day block trading activity of the year." Citadel's flagship Wellington multi-strategy fund delivered a July return of 5.94%, marking its best monthly performance since 2022.

According to BlockBeats, on August 22, a node identified as "Kraken HIP-3 test DEX" enabled compliance features on Hyperliquid testnet, including whitelisting, forced liquidation controls, and collateral transfer management. The node registered 10 wallets on the whitelist and established a "Kraken Exchange Validator" account. While the testnet supports permissionless deployment, the move was widely interpreted by the community as a major compliance-focused exchange testing Hyperliquid's permissi

According to Jin10, on August 22, during a rally in Myrtle Beach, South Carolina, U.S. President Donald Trump stated that America has not built a new automobile factory in 40 years, but the country is now constructing more factories than at any point in history. Trump also said tariffs are his favorite word, though he noted facing criticism from media outlets. Additionally, Trump mentioned that the U.S. inflation rate declined at the fastest pace in years last month, and the country now has more

According to ChainCatcher, SOL/USDT hit $95.03 today, based on Gate's market data. The cryptocurrency gained 6.4% over the past 24 hours.

According to OKX market data, multiple altcoins surged on August 22. TRB rose 45% intraday to $21.6, while ZEC jumped 42% to break its all-time high at $815. GALA, STX, and PEPE also gained over 32% each on the day.

According to BlockBeats, HYPE broke through $79.3 on August 22, marking a new all-time high based on HTX market data. The token has since retreated to $78.79 with a 24-hour gain of 6.66%.

According to Ukrainian military intelligence, on August 21, approximately 8,500 North Korean troops are currently deployed in Russia, including 400 drone operators and 1,000 engineers and mine clearance personnel, according to CNN. Deputy Chief of Ukraine's Defense Intelligence Vadym Skibitskyi stated that the North Korean forces are primarily stationed in Russia's Kursk region. Ukraine estimates that a total of 25,000 North Korean troops have been deployed or rotated through Russia since North

According to ChainCatcher, a Bitcoin-associated entity (0x6c8...d84f6) took profit for the first time in four months by reducing 38,000 ETH and generating $9.407 million in gains. The address currently holds 8.2 million ETH across four addresses with over $20 million in unrealized gains.

According to TechCrunch, space-based data center startup Starcloud raised US$250 million at a US$2.3 billion valuation on Aug. 21 to expand AI infrastructure with orbital data centers. The company has already launched an orbital AI data center equipped with Nvidia H100 graphics processing units, demonstrating progress beyond the concept stage.

According to NVIDIA, Microsoft's first batch of Vera Rubin GPUs has arrived at its data center, marking the start of mass production for the AI computing platform. Each NVL72 rack integrates 72 Vera Rubin GPUs and 36 Vera CPUs. NVIDIA confirmed that compared to the GB200 NVL72, Vera Rubin reduces inference cost per million tokens to approximately one-tenth and cuts the number of GPUs required for training mixture-of-experts models to roughly one-quarter.

On August 21, a U.S. federal district judge overturned the Trump administration's policy suspending immigrant visa issuance to applicants from 75 countries. Judge Janet Bargas ruled the policy, announced by the State Department in January, "clearly violates" federal immigration law and exceeds Secretary of State Marco Rubio's statutory authority. The administration may seek an appeal, and the policy remains in effect pending litigation.

According to Bespoke Investment, Nvidia will report earnings and guidance on Wednesday, August 26, after market close. With a market cap of $5.26 trillion and a 7.6% weight in the S&P 500, the chipmaker's results are expected to significantly impact broader markets. Options traders anticipate Nvidia stock could swing up to 5.3% in either direction through Friday's close. However, Bespoke notes a troubling pattern: while Nvidia achieved a "triple-play" of beating both earnings and revenue forecas

According to on-chain analyst Ai 姨, trader Jason60704294 (known as "先定 10 个大目标") has increased short positions totaling approximately $169 million. The position includes 1,830.724 BTC (valued at $139 million, opened at $76,397.56) and 12,756.739 ETH (valued at $30.25 million, opened at $2,371.57), with current unrealized losses of approximately $2.84 million. The trader maintains a stop-loss level at $80,500 and has previously closed portions of the position, incurring cumulative losses of appro

According to LayerZero's announcement on X, the protocol will discontinue off-chain support for 15 low-activity chains over the next 30 days. The affected networks are EDU Chain, Meter, Shimmer, Cyber, Silicon, Sophon, Bitlayer, DFK Chain, Arbitrum Nova, DOS Chain, Cronos zkEVM, Degen, Skale Europa, Superposition, and Shrapnel. LayerZero's DVN and Executor services will no longer support these networks, and some will also lose Stargate Hydra support.