Gate Crypto Flash News and Market Updates

According to Bitcoin News, Senate Majority Leader John Thune submitted a motion to end debate on advancing the CLARITY Act on August 8, with the Senate scheduled to vote in September on whether to formally begin debate on the bill. A motion to end debate typically requires 60 votes of support; if passed, the Senate can proceed to debate and consideration of the act.

According to Slow Mist, DEX Atomic's protocol was attacked on August 8 due to a signature replay vulnerability, resulting in a loss of approximately 29,984 USDC. The flaw in smart contract 0xa806010f lacked binding of position ID, position manager, caller, nonce, deadline, and chain ID in the signature digest, allowing the same manager signature to be replayed across 21 different position IDs. Under flash loan price manipulation, this enabled unauthorized destruction of LP positions without TWAP

According to Elon Musk's Grok AI, XRP is trading at $1.03501 today (August 8) and could reach $2.80 to $5 by the end of 2026, with predictions stretching to $8 if spot XRP ETF flows scale sufficiently. CLARITY Act passage is identified as the key regulatory trigger, which would codify XRP's commodity status under the CFTC following the 2025 SEC case closure and joint SEC-CFTC guidance in March 2026. This would unlock deeper institutional access. Spot XRP ETF cumulative inflows have reached appro

According to Mehr News Agency, Iran's state media outlet released a video of Supreme Leader Mujtaba Khamenei on August 8 via social media platforms, according to reporting by Xinhua News Agency.

According to The Defiant, NFT marketplace Rarible launched on Solana today (August 8), with Claynosaurz as its first collection. Rarible now supports four blockchains—Solana, Ethereum, MegaETH, and Base—and has launched dedicated pages for Solana exploration, minting, and Gacha features. The platform completed months of testing and community engagement ahead of the rollout.

According to Guru Club, on August 6, eight major Chinese polysilicon enterprises including Tongwei Co., Xinte Energy, and Daquan Energy signed a joint initiative in Shanghai committing to maintain all photovoltaic product sales prices above production costs calculated using industry standards. The move follows the China Photovoltaic Industry Association's release of cost accounting standards on July 27 and market regulator guidance on price compliance on July 31. China's polysilicon industry fac

According to xAI, the company unveiled Imagine Image 2.0 image generation model today, August 8, now live on the Grok platform and iOS and Android apps. The model ranks second in both image editing and text-to-image categories on Arena Image Edit and Text-to-Image leaderboards. Imagine Image 2.0 supports regional editing, background removal, multi-image blending, and intelligent resizing for design and creative workflows.

According to CBS News, U.S. President Trump announced on Friday plans to provide over $180 million in grants to support mining industry education and trade programs, aiming to increase critical mineral production. The Department of Energy will launch a $100 million grant program to expand talent in mining and critical minerals over the next two years. Trump stated at a mining roundtable that the U.S. has achieved energy independence and must now develop domestic mining, refining, and manufacturi

According to HTX, SOL fell below $75 to trade at $74.97 on August 8, with a 24-hour gain of 1.84%.

According to the UAE National News Agency, ADNOC (Abu Dhabi National Oil Company) reported that a vessel came under attack overnight with no personnel injured in the incident.

According to the UAE national news agency, an ADNOC vessel was struck by a missile while transiting the Strait of Hormuz on Saturday morning. The situation is reported to be under control.

According to Iran's Revolutionary Guard spokesman, the reopening of the Strait of Hormuz depends on the United States fully accepting Iran's conditions. The spokesman clarified that this is unrelated to ongoing negotiations between Iran and Oman.

According to ChainCatcher, the U.S. Commodity Futures Trading Commission (CFTC) issued a notice requiring regulated entities listing, promoting, or facilitating trading of event contracts to provide consumers with clear and accurate pricing information. The CFTC's Market Supervision and Market Participants divisions emphasized that registered institutions must ensure users fully understand product characteristics and enhance disclosure oversight of intermediaries and partners. The regulator spec

Iraqi Oil Minister Bassem Muhammad Hudair said on August 8 that Iraq's oil exports have slumped 75% due to the closure of the Hormuz Strait. Iraq is currently negotiating with Iran to permit its oil exports, though the arrangement has not yet taken effect.

According to Torsten Slok, chief economist at Apollo Management, capital expenditure on data center infrastructure by major cloud service providers is projected to surge from 1.4% of U.S. GDP in 2025 to approximately 3% by 2027-2029, a growth rate that marks the fastest expansion in history. The acceleration—rising roughly 0.85 percentage points annually—nearly doubles the rate during the peak of the 2002-2005 housing boom and far exceeds the 1990s telecom bubble. Slok cautions that if AI commer

According to the Hong Kong Stock Exchange filing on August 7, Qinhao Pharmaceuticals resubmitted its listing application to the HKEx main board, with Huatai International as sole sponsor. This marks the company's second filing after an initial application in January 2026. The biopharmaceutical firm reported revenue of approximately 558 million yuan for the first five months of 2026, primarily driven by an upfront payment of 80 million U.S. dollars received from Gilead Sciences for licensing GH31

According to the Central News Agency, on August 8, the U.S. Pentagon announced a $400 million conditional loan to Australian miner Sunrise Energy Metals to build the first major scandium mining facility in the Western world. The mine will be located in Fifield, New South Wales, approximately 450 kilometers west of Sydney. Scandium is typically a byproduct of other mineral extraction, with global supply and processing currently dominated by China.

According to Odaily, Circle has renewed its USDC partnership with Coinbase in Q2 2026 under existing terms, with USDC continuing to be integrated across Coinbase products. Specific economic terms were not disclosed. Circle reported Q2 total revenue of $701 million, up 7% year-over-year, with circulating USDC reaching $73.3 billion at quarter-end. The company has signed distribution agreements with over 150 partners. Circle's CFO Jeremy Fox-Geen stated the company has no plans to introduce quarte

Robinhood announced on X that it is lowering the gas fee subsidy threshold for Robinhood Wallet on Robinhood Chain from $5 to $0.5, a 90% reduction. More users' swap transactions will now qualify for gas subsidies, with the program running through September 29.

According to ChainCatcher, Morgan Stanley increased its Bitcoin holdings by 232.548 BTC for $15.05 million through its spot Bitcoin ETF MSBT. The bank's total Bitcoin holdings have reached 6,563 BTC, surpassing the 6,500 BTC mark for the first time, with a combined value exceeding $426 million.