Gate Crypto Flash News and Market Updates

According to Jin10, on August 22, Canadian Prime Minister Justin Trudeau announced that Canada will implement retaliatory tariffs equivalent to U.S. duties on $20 billion in Canadian goods, effective September 8. The move comes in response to the U.S. imposing 50% tariffs on the same value of Canadian products. Ontario Premier Doug Ford, British Columbia Premier David Eby, and Quebec Premier François Legault voiced support for the retaliation. Ford called for Canadian provinces to unite as a "Te

According to Bloomberg, QTS Realty Trust issued $3.9 billion in investment-grade bonds this week to fund data center construction for Microsoft-related projects, with a coupon yield of approximately 7.23%, exceeding typical yields offered by some mid-tier junk-rated debt. The offering reflects growing investor appetite for AI infrastructure assets amid rising data center development demand. Separately, BlackRock issued similarly rated bonds in July for its Texas data center project at a 7.53% yi

According to Korea Exchange data, as of August 20, exchange-traded notes (ETNs) issued by South Korean brokerages saw assets grow only 5% year-to-date, significantly lagging exchange-traded funds (ETFs) which surged roughly 30% in the same period. ETN holdings reached 19.89 trillion won compared to 18.95 trillion won at end-January, while the number of ETN products increased 15% from around 320 to 370 offerings. Despite record profits at major brokerages this year, ETN underperformance remains a

According to ChainCatcher, ECX will launch its mainnet on October 31 at Bitcoin block height 973,728, distributing ECX tokens on a 1:1 basis to most Bitcoin holders. Users controlling private keys through self-custodial wallets will receive corresponding assets directly at snapshot time; exchange users will need to wait for platform decisions on fork support. The project is driven by Paul Sztorc, founder of Layertwo Labs and developer of Drivechains and BIP-300/301. ECX will roll out in three ph

According to South Korea's exchange and Yonhapnews, seven of eight companies newly listed from July through August 21 saw share prices fall below their IPO prices as the market entered an adjustment phase in the third quarter.

According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,386.20 on Aug 22, marking its lowest level since September 2025. Exporter selling and weak U.S. dollar flows drove the decline. Market focus this week turns to the Bank of Korea's monetary policy meeting on Aug 27, where 11 of 21 surveyed financial institutions expect the base rate to hold at 2.75%, while 10 expect a 25 basis point increase to 3.00%. Federal Reserve Chair Kevin Warsh's Jackson Hole speech on Aug 28 may also influenc

According to Yonhap Infomax, South Korea's monetary policy committee will make its August interest rate decision on August 27, with market expectations sharply divided. A survey of 21 domestic and foreign financial institutions found 11 respondents expect the benchmark rate to hold at 2.75% annually, while 10 anticipate a 25-basis-point increase to 3.00%. South Korea's 10-year government bond yield rose to 4.370% over the week, while 30-year yields touched a low of 4.659%. The dot plot accompany

According to analyst Dan Ives in a CNBC interview, the AI memory market faces a severe supply shortage, with the supply-demand ratio reaching approximately 15:1. Ives stated that major corporations, including Apple, must now pay higher costs for memory chips as demand and prices rise simultaneously. Memory ETF (DRAM-US) and Micron Technology (MU-US) have seen strong investor interest in recent months. Ives believes this trend will persist, adding that Nvidia's Q2 earnings report on August 26 cou

According to the Daily Telegraph, Iran-linked hackers launched unprecedented cyberattacks in July, forcing a UK power plant to shut down for four days. The same period saw attacks on water infrastructure across 12 U.S. states, drawing White House attention. The affected UK facility is relatively small; the government declined to disclose which plant was targeted, citing security concerns. The U.S. water systems affected remain under investigation.

According to OpenRouter, on August 20, the company launched an anonymous new model codenamed Ox Alpha designed for coding, long-context agent tasks, and production use. The model features a context window of approximately 1.048 million tokens and supports text, image, and video inputs, with free access during preview. Independent researcher Ben Davis tested Ox Alpha on 10 subtasks from the DeepSWE software engineering benchmark, achieving an 80% pass rate, outperforming Claude Fable 5 (65%), GLM

Circle issued approximately $7.5 billion USDC and redeemed about $6.7 billion in the seven days through August 20, resulting in a net increase of approximately $8 billion in circulating USDC. Total USDC in circulation reached $72.7 billion with reserves of approximately $72.9 billion, comprising overnight reverse repurchase agreements ($48.1 billion), short-term Treasury bills under 3 months ($12.7 billion), deposits at systemically important financial institutions ($11.4 billion), and other ban

According to Goldman Sachs on Aug 23, AI trading entered a deleveraging phase similar to July's market selloff. The bank's high-beta momentum portfolio declined 12% for the week, while its AI hedge portfolio fell 10% over five days. Despite leverage levels in AI stocks retreating from extremes, momentum-driven indiscriminate buying persists. Goldman identified data centers and storage as offering the greatest tactical opportunity, with significant valuation gaps where earnings recovery remains u

According to reports, Nvidia has reached a $6 billion agreement with Poolside to develop open-weight AI models. Open-weight models enable lower-cost AI deployment, greater customization, and enhanced enterprise control.

According to TechCrunch, Nvidia announced on August 21 a partnership with Cloverleaf Infrastructure, with the chipmaker investing hundreds of millions of dollars in the data center development company. Cloverleaf, founded in 2024 and having raised $300 million that year, acts as an intermediary between utilities and data center operators, providing power and critical infrastructure for site development.

According to BlockBeats and CoinGlass data, Coinbase's Bitcoin premium index has remained in negative territory for 97 consecutive days from May 19 to August 23, extending the all-time record for longest negative premium streak, with the latest reading at -0.0266%. The previous record was 40 consecutive days from January 16 to February 24, which itself surpassed the roughly 30-day negative premium period during last year's market downturn.

According to Circle, USDC circulation increased by 800 million during the 7 days through August 20, as the company issued 7.5 billion USDC and redeemed 6.7 billion. Total USDC in circulation stands at 72.7 billion, backed by 72.9 billion dollars in reserves including 48.1 billion in overnight reverse repurchase agreements, 12.7 billion in Treasury bills maturing within three months, and 11.4 billion in deposits at systemically important institutions.

According to BlockBeats and HTX market data, Bitcoin broke below $77,000 on August 23, triggering a broad altcoin selloff. TAC led the decline with a 24-hour drop of 40.86% to $0.001672, while FHE fell 30.03% to $0.01978 and SQD declined 29.01% to $0.03. Other major altcoins also faced sharp losses, including PTB down 27.11%, INX down 26.43%, and BASED down 25.35% in the same 24-hour period.

According to Odaily, YOMOGI token on Solana is trending with a market cap of $1.41 million as of August 23, according to GMGN data. The surge follows social media activity from Eno, who disclosed on August 23 that YOMOGI may be connected to Yomogi, a cat recently adopted by Kabosu Mama, the owner of Kabosu, the Shiba Inu that inspired the Doge meme.

According to GMGN data, meme coin CATE plummeted over 40% on August 23, with its market cap reaching a low of approximately $40 million. The asset was trading around $50 million at the time of reporting.

According to Odaily Meme Speed Run monitor, YOMOGI token on BSC is gaining community traction today with a market cap of $410K on GMGN. The spike in interest follows a discovery by Eno on August 23 that the adoptive cat of Kabosu Mama—the owner of Kabosu, the original Doge dog—is named Yomogi, a detail Eno cited from a leaked publication.