Gate Crypto Flash News and Market Updates

According to Reuters, the U.S. Department of Treasury is expected to announce an expansion of secondary sanctions targeting countries and entities engaged in commercial activities with Iran.

According to Jin10 Futures, as of 20:30 Beijing time on August 24, WTI crude oil futures fell 1.36% and U.S. natural gas futures rose 1.77%.

According to on-chain tracker Lookonchain, wallets linked to the TRUMP memecoin team withdrew approximately $3.39 million in USDC from Solana liquidity pools over a 10-hour period during a price rally. The withdrawal followed the team's established pattern of depositing TRUMP tokens into single-sided liquidity positions on Meteora, where trader activity gradually converts the tokens into stablecoins. Similar activity occurred in April 2025, when team-linked wallets withdrew $4.6 million in USDC.

According to Bank of America, Alibaba shares fell over 2% in premarket trade on Monday following the company's $10.2 billion Hong Kong share placement. The bank cited immediate dilution, rising AI infrastructure depreciation, and uncertainty over elevated capital expenditure duration as potential headwinds. BofA analyst Justin Post nevertheless characterized the transaction as "a mix of growth financing, funding diversification, and pre-emptive balance-sheet strengthening," maintaining a Buy rat

The Chicago Federal Reserve's National Activity Index fell to -0.08 in July, down from -0.02 in the prior month, reflecting a slight softening in U.S. economic activity.

The Chicago Federal Reserve's National Activity Index came in at -0.08 for July. The previous month's reading was revised upward to 0.06 from an initially reported -0.02.

According to Odaily, Wells Fargo upgraded Marvell Technology (MRVL) to overweight on August 21, raising its stock price target from $240 to $310. The new target implies approximately 31% upside from Friday's close. Wells Fargo analyst Aaron Rax noted in a client report that the bank views Marvell as a semiconductor company with independent growth logic, potentially outpacing the broader chip industry regardless of overall sector cycles.

According to Odaily Planet Daily, citing Jiang Zhuoer's X post, the trader recently summarized two ETH trading experiences. In the first trade, he shorted from $1,834 to $2,100 stop-loss, resulting in losses of millions of dollars—the largest loss since starting wave trading. In the second trade, he shorted from $2,525 to $2,450 stop-profit, entering at less than 1% below the peak, successfully identifying the market top.

According to two senior U.S. Treasury officials, as reported by Jin10, the U.S. Treasury Department moved to deploy nearly $1 trillion from its general account on August 24 evening (Beijing time), triggering sharp U.S. Treasury yield swings. The 2-year Treasury yield rose 0.17%, while the 5-year fell 0.18%, the 10-year declined 0.57%, and the 30-year dropped 0.66%. The deployment is intended to support the Treasury's expanded bond buyback program and provides the department a powerful tool to in

According to Fortune, Hyperliquid Strategies is accelerating its push into the U.S. regulated derivatives market, signaling the platform's commitment to compliance-focused expansion. The entity is advancing domestic business development amid Hyperliquid's growing market influence in perpetual futures trading. The platform has been using trading fee revenue to repurchase and burn HYPE tokens.

According to Bloomberg, legendary investor Michael Burry disclosed yesterday that he has fully exited his Alibaba position, stating the stock needs to drop 50% before he would reconsider buying it. Burry, founder of Scion Capital and known for betting against the U.S. housing market during the 2008 financial crisis, moved proceeds into competitor JD.com instead. He initially planned to reverse the transaction, but changed his investment thesis due to Alibaba's deteriorating profitability and dil

Federal Reserve Chair Kevin Warsh will deliver his first keynote address at the Jackson Hole economic symposium this Friday (August 28), with markets increasingly expecting him to signal a potential path toward rate hikes amid rising U.S. Treasury yields. The speech comes as U.S. inflation has remained above the Fed's 2% target for more than five years, and Treasury Secretary Scott Bessent has intervened in the debt market by expanding bond buyback programs, intensifying pressure on Warsh to add

According to The Wall Street Journal, Nvidia invested $6 billion in technology licensing from AI startup Poolside this week and will absorb over 100 engineers, including core technical staff, to accelerate development of Nemotron, an open-weight AI model. Under the deal, Nvidia also invested $1 billion in Poolside at a pre-money valuation of $12 billion. The acquisition targets building one of the world's most powerful open-weight models to compete with global players including China's DeepSeek

MicroCloud Hologram announced that it has acquired 140,268 shares of MicroStrategy, valued at approximately $15.76 million, through the settlement of a structured note. The acquisition provides the holographic display and LiDAR sensor firm with indirect exposure to Bitcoin, leveraging MicroStrategy's substantial Bitcoin treasury holdings. HOLO shares rose 2.8% to $1.82 following the announcement, reflecting investor interest in the company's diversification into emerging technology assets.

According to Securities Times, Xpeng CEO He Xiaopeng recently took on the additional role of chief executive for the company's robotics division. He stated that Xpeng's 12 years of full-stack software and hardware development will enable the company to coordinate group-wide resources, integrating automotive supply chain expertise, vehicle-grade manufacturing capabilities, and self-driving technology—including Turing AI chips and AI infrastructure—to accelerate robot mass production and commercia

According to mpost.io, Zano Hard Fork 6 is scheduled to activate on or around August 26, 2026, at block 3,833,000. The upgrade introduces bidirectional bridging, allowing native ZANO and supported Confidential Assets to move from Zano to transparent networks including Ethereum, TON, and Solana. Assets remain public on external chains and regain privacy only when bridged back to Zano. The upgrade introduces Gateway Addresses, a new account-based address type that enables centralized and decentral

On August 24, MEXC announced the launch of the RealStocks API with zero commissions, a new tool designed for quantitative traders to automate trading and build customized strategies on the platform. RealStocks, developed in partnership with regulated broker Atomic Vaults Securities, allows users to purchase real shares of 7,000+ U.S. stocks and ETFs directly using USDT. The product opened more than 120,000 user accounts within its first month. The new API enables automated trading and programmat

According to Shanghai Stock Exchange, Sunway Technologies announced on August 24 that it will conduct an initial public offering and list on the Shanghai Stock Exchange STAR Board. The preliminary pricing date is set for August 28, with final pricing to be determined on August 31.

According to an SEC 8-K filing on Monday, Strategy sold approximately $2 billion in MSTR shares between August 17 and 23 but made no bitcoin purchases during the period. Of the net proceeds, $136.4 million were used for preferred stock repurchases, $300 million increased the USD reserve to $5.1 billion, and the remaining $1.59 billion established a new 'USD Cash' liquidity pool for future deployment including potential bitcoin acquisitions, dividend payments, and securities repurchases. Strategy

According to on-chain analyst Yuchen, a whale deposited 8 million USDC to Hyperliquid half an hour ago and subsequently opened long positions worth 71.8 million in Bitcoin and Ethereum. The whale opened 600 Bitcoin at an entry price of 78,032 USD, valued at 46.94 million, and 10,000 ETH at 2,479 USD per token, valued at 24.89 million.