Gate Crypto Flash News and Market Updates

According to BlockBeats and CoinGlass, on August 28, Bitcoin trades at $79,564.25 (up 1.24% in 24 hours) with weighted funding rates of 0.0070% and 0.0057%, both in neutral territory. Ethereum trades at $2,482.63 (down 0.07% in 24 hours) with weighted funding rates of 0.0027% and 0.0039%, both below the 0.005% threshold indicating bearish sentiment in derivatives markets.

According to JPMorgan's July 24 report "Food Security is National Security," the bank projects global food inflation could reach approximately 5% annualized in the first half of 2027, nearly doubling from an estimated 2.8% in the same period of 2026. Two factors compound the outlook: Middle East conflict and Strait of Hormuz closures have fractured the fertilizer supply chain, with the region accounting for roughly 42% of global urea exports and about 27% of ammonia exports. Concurrently, JPMorg

According to Treasury Secretary Scott Bessent's announcement on August 25, the U.S. designated over 60 Iranian-linked entities across five sectors—digital assets, technology, gold, aviation, and shipping—under a sweeping sanctions package called Operation Economic Outcast. The sanctions notably excluded major state-backed Chinese banks, despite congressional pressure to target institutions that handle an estimated 80-90% of Iran's seaborne crude exports. President Trump responded to questions ab

According to USNI News on August 26, the USS Theodore Roosevelt nuclear-powered aircraft carrier will deploy to the Middle East within weeks from San Diego to relieve the USS George Washington after more than a seven-month mission. The deployment comes as the USS Abraham Lincoln, which completed an eight-month deployment in the region, returned on August 20 after being relieved by Washington.

According to Foresight News, Brian Roberts, head of stock product development at Hong Kong Exchanges and Clearing (HKEX), stated at the Bitcoin Asia 2026 conference that mainland China would need to launch its own cryptocurrency-tracking ETFs comparable to Hong Kong's offerings before bitcoin ETFs could be included in the Stock Connect mechanism. Roberts emphasized that mutual access has always been built on the principle of mutual recognition, with both jurisdictions' products needing to be equ

According to the Wall Street Journal citing sources, Chinese AI startup DeepSeek is seeking to raise $7.4 billion to fund research and expand computing infrastructure as of August 28. The financing round values the company at $74 billion, up from over $50 billion in June. The company aims to go public next year. Existing shareholders including investors Monolith Management and Shixiang, as well as battery maker CATL, plan to participate in the round. DeepSeek disclosed annual recurring revenue o

According to Twenty One Capital CEO Raphael Zagury at Bitcoin Asia 2026 in Hong Kong on August 28, Bitcoin is experiencing its first hashrate bear market. Network hashrate has declined from a peak of 1.3 ZH/s reached in late 2025, marking the longest period below this level in history. Zagury noted that while most publicly listed mining firms are exiting the industry, the hashrate downturn benefits miners that remain, as their network share naturally increases. He attributed past mining failures

According to New York Times reporting, Donald Trump Jr. urged Republican state attorneys general in March not to pursue prediction markets, arguing that states should instead fall under federal oversight rather than state gambling regulations. Trump Jr. made the remarks at a Republican Attorneys General Association event in New Orleans, claiming states were being influenced by gambling companies seeking to protect their "monopolies." The comments drew attention due to his financial ties to both

According to Bloomberg, a consortium led by private equity firm Advent International and payments giant Stripe has decided to abandon its plan to acquire PayPal. The group had previously submitted an offer exceeding $50 billion for the company. Sources indicated that the situation may change in the future, with Advent and Stripe retaining the possibility of resubmitting an acquisition proposal.

According to Jin10, Thai central bank governor Wattanachai said on August 28 that the central bank may further tighten gold trading restrictions if necessary. Online gold trading limits could be reduced from 50 million baht (approximately $1.5 million) to 30 million baht or lower. Current restrictions implemented in March have proven effective in weakening the link between gold prices and the Thai baht; the 60-day correlation coefficient declined from a high of 0.85 last year to 0.3 in April, th

According to China Earthquake Networks Center, a 4.9-magnitude earthquake occurred near Lonchangg City, Neijiang, Sichuan Province at 1:13 p.m. on August 28 (coordinates: 29.25°N, 105.21°E). The final magnitude will be confirmed by official rapid report.

According to Goldman Sachs strategist Rich Privorotsky on Aug 28, oil price movements may have a greater impact on markets than Federal Reserve Chair Powell's Jackson Hole speech. The bank believes the market may be overweighting Powell's remarks while underestimating oil's influence on inflation and financial markets. Privorotsky stated that unless Powell's comments significantly deviate from his previous policy stance, the Jackson Hole meeting may not pose a major event risk.

According to MoneyDJ, USA Rare Earth completed a $1.55 billion capital raise on August 24, with $750 million from the U.S. government funding a special purpose vehicle for the Serra Verde Phase 1 project. The arrangement includes price floors for rare earth magnets, with terms extending to heavy rare earth elements dysprosium and terbium. In the same period, MP Materials received $400 million in convertible preferred stock investment from the U.S. Department of Defense and a 10-year supply agree

According to Financial News citing Korea Financial Investment Association data, as of August 28, margin trading debt in South Korea's stock market surged by 4.17 trillion won over the past month, reaching 33.1 trillion won. Of this increase, 39.9% concentrated in just two stocks: Samsung Electronics and SK Hynix, whose combined margin holdings rose by 1.36 trillion won. Meanwhile, investor deposit funds declined by 5.22 trillion won during the same period, falling to 98.9 trillion won. Securitie

According to reports, Mujtaba Khamenei, appointed Iran's supreme leader six months ago, has remained out of public view and made no public statements as of August 28, leaving a power vacuum at the country's leadership core. High-ranking officials attributed his absence to concerns over potential assassination attempts. Meanwhile, the Islamic Revolutionary Guards Corps has strengthened its position since the conflict began, maintaining a central role in strategic decisions around the Supreme Nati

Cathie Wood's ARK Invest on Wednesday (August 26) sold 37,977 shares of AMD worth approximately $18.1 million and simultaneously purchased 57,705 shares of Broadcom for about $20.51 million, repositioning its AI chip holdings ahead of Broadcom's fiscal Q3 earnings on September 3. According to daily trading data, the moves reflect a continued shift from AMD, which has doubled in value this year, toward other AI semiconductor players. RBC Capital analysts expect Broadcom to report revenue of $29.2

According to the Bank of Korea, resident foreign currency deposits reached a record-high $128.34 billion as of end-July, up $15.01 billion from the previous month. Dollar deposits surpassed $100 billion for the first time, reaching $108.92 billion, driven by large corporations' receipt of operating income and securities firms' foreign bond issuance inflows amid declining exchange rates. The central bank attributed increases in euro deposits to $8.06 billion and yen deposits to $8.61 billion to c

According to Korea Investment Corporation (KIC), the state-backed fund held a forum in New York on Aug 27 with domestic financial professionals and local investment experts to discuss global economic outlook and investment strategy. Participants highlighted AI-related investments as a key driver of robust U.S. economic growth, while flagging elevated inflation and fiscal deficits as headwinds.

Three major cybersecurity stocks soared to 52-week highs on Thursday after posting strong quarterly results and receiving price target hikes from Wall Street analysts. CrowdStrike Holdings Inc. (CRWD) jumped over 20% to $229.08, Okta Inc. (OKTA) surged nearly 29% to $174.85, and Zeta Global Holdings Corp. (ZETA) climbed 7% to $30.39. CRWD posted Q2 revenue of $1.47 billion, up 26% from the year prior, with annual recurring revenue rising 25% to $5.84 billion and record net new ARR of $333 millio

According to E Daily, South Korea's KOSPI index fell to 6,841.61 on August 28 at 1:21 p.m., down 70.76 points or 1.02% from the previous close. The index touched the 6,800 level amid losses in semiconductor heavyweights Samsung Electronics and SK Hynix, which fell over 2% each despite strong earnings from Nvidia overnight. Uncertainty over U.S. semiconductor tariffs and cautious sentiment ahead of Federal Reserve Chair Kevin Walsh's Jackson Hole speech on August 28 at 11 p.m. weighed on market s