Gate Crypto Flash News and Market Updates

According to Grayscale on Aug. 27, Bitcoin's 90-day correlation with gold climbed above 50% while its Nasdaq 100 correlation fell from over 60% to roughly 33%, citing Bloomberg data through Aug. 24. The shift reflects investors increasingly treating Bitcoin as a scarce monetary asset rather than a technology stock proxy, as U.S. public debt crossed $40 trillion in August. Treasury borrowing requirements remain elevated, with $739 billion in privately held net marketable borrowing projected for t

According to the U.S. Securities and Exchange Commission and Evernorth Holdings Inc., the SEC declared Evernorth's Form S-4 registration statement effective on Aug. 27, advancing the planned merger between Evernorth and Armada Acquisition Corp. II (Nasdaq: XRPN). The development clears the way for an Armada II shareholder vote on Sept. 30, with the transaction projected to close in late Q3 or early Q4. If approved, Evernorth plans to list on Nasdaq under the ticker XRPN and operate as an activel

According to President Trump, the United States secured a majority stake in over 65 billion barrels of Venezuelan oil reserves yesterday (August 28). Trump announced the agreement on his TruthSocial account, calling it "the largest oil deal in world history." The transaction was conducted through private sector partnerships with no burden to U.S. taxpayers.

According to Decrypt, UK police seized 20.21 Bitcoin and other cryptocurrency and bank funds totaling $1.4 million on August 29. Investigators traced the assets to a dark web marketplace that operated between 2016 and 2019 before being shut down by law enforcement. The now-closed site was previously linked to various crimes including drug trafficking and human trafficking, though police did not disclose the specific marketplace name.

On June 29, 2026, altcoin trading volume share on Binance futures dropped sharply to 47% from 63% a week earlier, with capital rotating into Bitcoin and Ethereum. BTC accounted for 47.9% of the $28.74B total trading volume, while ETH captured 29.2%. The top three assets combined absorbed 84.7% of all volume. Mid-cap altcoins saw steep declines: ASTER fell 76%, WLD dropped 48%, HYPE shed 35%, and ZEC fell 26%. By August 2026, the trend reversed dramatically. Altcoin volume share climbed to 65%, t

According to Jin10 Data, armed militants launched attacks on multiple areas in Niger's capital Niamey early on August 29, targeting Diori Hamani International Airport and the nearby 101 Air Force Base. Sources indicated the militants attempted to breach security perimeters around the presidential palace. A transitional council member, Bana Wagana Ibrahim, stated on social media that attackers focused on the 101 Air Force Base, adding that Niger's security forces controlled the situation. The gov

According to CCTV, Iran's President Pezeshkian said yesterday (Aug 28) that Iran will open the Strait of Hormuz if the United States lifts its maritime blockade, removes sanctions on Iranian oil and petrochemical products, unfreezes Iranian assets, begins investment, forces Israel to cease operations in Lebanon, and complies with relevant agreements. Pezeshkian also stated that Iran will reach agreements with neighboring countries through dialogue to jointly safeguard regional security.

According to the Russian Defense Ministry, on August 29, Russia struck a transshipment hub at Ukraine's Mykolaiv port, including mooring areas used to refuel ships and cargo points for unloading fuel and lubricants.

According to ChainCatcher, microduck, a Meme coin on Robinhood, surged over 352% in 24 hours today (Aug 29), briefly pushing its market cap above $13 million, according to GMGN data. The token is trading at $12.71 million as of latest reports.

According to Herald Economy, the optical communication equipment and component market for AI data centers is projected to expand up to four-fold within the next two years. As AI investments are expected to continue and high-performance AI chip development accelerates, data transmission between chips will surge, driving increased demand for optical communication equipment to rapidly transfer this data.

According to New York's Division of Consumer Protection, on Aug. 26, 144,041 consumers reported losing more than $8 billion to investment scams in 2025, a 38% increase from 2024, with a median loss of $10,560. The Federal Trade Commission confirmed the 2025 total at $7.9 billion. Investment schemes began via social media, dating apps, emails, and online advertisements, Secretary of State Walter T. Mosley cautioned that fraudsters increasingly use AI to create convincing voices, videos, and deepf

According to GMGN data cited by ChainCatcher, BLUECHIP, a meme coin on Base, hit a market cap of $12 million earlier today, representing gains of over 50% from its daily low. The token is currently trading at $10 million.

South Korean retail investors have increased gold investments by 200 billion won recently as gold prices strengthen amid concerns over U.S. dollar purchasing power. The strength in gold follows the U.S. Treasury's expanded buyback program for long-term bonds, which has raised concerns about currency debasement and triggered increased retail interest in gold as an alternative store of value.

According to Polish PM Donald Tusk, on Friday (August 29), he called for a re-vote on Poland's Crypto-Asset Market Act following the collapse of cryptocurrency exchange Zondacrypto, which resulted in approximately $94 million in losses. The law has been vetoed three times by President Karol Nawrocki, most recently on June 11, leaving Poland unable to enforce EU MiCA standards and preventing domestic exchanges from registering. Tusk accused ruling politicians of receiving bribes from the failed e

According to Ripple Prime's official announcement, the company launched Delta One on August 27, expanding equity derivatives for institutional clients including hedge funds and asset managers. The new business enables total return swaps on U.S.-listed equities, indices, and digital assets with cross-margining across asset classes through a single counterparty. Ripple Prime President Noel Kimmel stated the launch represents a natural extension of the platform's multi-asset prime brokerage offerin

According to Alternative data, the Crypto Fear and Greed Index declined to 68 on August 29, down from 73 yesterday, signaling the market remains in a greedy sentiment state. The index is calculated using volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin dominance (10%), and Google search trends (10%).

According to Guru Club, Indonesia's benchmark stock index fell 4.2% to 5688.574 points on June 4, marking its lowest level since December 2020.

According to Foresight News, GiggleFund, the official X account of Meme token GIGGLE, announced it has submitted a federal trademark application for NIANNIAN to the U.S. Patent and Trademark Office (USPTO) through subsidiary Giggle Holdings. The application covers cryptocurrency exchange, transfer, and trading services as a standard character mark. The team stated that the application will next undergo review by examining attorneys. If approved, it will enter a 30-day opposition period before po

According to CNBC, Meta settled a social media addiction lawsuit brought by a coalition of U.S. state attorneys general in late February 2026, agreeing to pay up to $18 billion. The company will pay 70%, or around $12.7 billion, directly to states over 10 years. The remaining $5.3 billion is conditional on TikTok and YouTube making similar changes to protect younger users, including usage limits and stricter age verification. California Attorney General Rob Bonta said the state will continue pur

According to PANews, on August 29, Elon Musk responded to OpenAI's termination of its partnership with Cursor, stating "I don't care at all." Musk criticized OpenAI CEO Sam Altman and co-founder Greg Brockman as untrustworthy, accusing them of having "stolen an open-source nonprofit organization."