Gate Crypto Flash News and Market Updates

On Monday (August 31), U.S. stock indices declined, with the Dow falling 0.7%, the S&P 500 down 0.33%, and the Nasdaq losing 0.12%. Tesla rose 5.5%, while the Nasdaq China Golden Dragon Index dropped 2.18% and Alibaba fell 4%.

According to Financial News, South Korean retail investors retreated from the domestic stock market on August 31 as KOSPI trading remained flat, with the benchmark's average daily trading volume hitting 322 million shares and trading value reaching 25.76 trillion won—both year lows. The listed stock turnover rate fell to 0.54% in August, the lowest this year, while investor deposit balances plummeted from 140 trillion won in early June to 96.71 trillion won. Amid sideways trading, the Bank of Ko

Huya Inc. announced that it will officially change its name to YYFORCE and its Nasdaq stock ticker symbol to YFOR, effective September 2.

According to Guru Club, the Fear and Greed Index data for Aug 31 (Monday) was released after U.S. market close.

On Monday, August 31, U.S. sector ETFs posted mixed results, with global aviation ETF declining 2.33%, internet stock index ETF down 0.65%, global tech stock index ETF up 0.38%, tech sector ETF up 0.44%, semiconductor ETF up 0.64%, and energy sector ETF up 2%. For the January-August period, semiconductor ETF has gained 54.56%, energy sector ETF up 44.97%, global tech stock index ETF and tech sector ETF each up at least 29.86%, while consumer discretionary ETF declined 1.97%.

According to Bloomberg, the Bloomberg Electric Vehicle Price Return Index fell 0.42% to close at 3497 on Monday, August 31. The index gained 4.27% for the month of August and has been consolidating around the 3497 level since August 10.

Tesla added at least seven Cybercabs to the official Texas Department of Motor Vehicles automated-vehicle roster on Monday, according to state records, bringing the total registered vehicles in its Robotaxi network to over 270. The pedal-less, steering-wheel-free Cybercabs appear on the official count ahead of a Sept. 3 invite-only launch event in Austin. Tesla has not disclosed whether the Cybercabs are already in passenger service or still in testing. TSLA stock traded 5.5% higher at the time

On August 31, the S&P 500 index fell 0.3%, with the telecommunications sector declining 1.5% and the energy sector gaining 2.1%. The Nasdaq 100 index rose 0.1%. Among notable movers, CrowdStrike and Tesla climbed 5.7%, while SanDisk jumped 5.4%. For the month of August, the S&P 500 gained 2.5%, the Dow Jones index rose 1.4%, and the Nasdaq index climbed 4%.

According to regulatory filings from Hoisington Investment Management, veteran bond strategist Lacy Hunt has reversed his four-decade bullish stance on long-term U.S. Treasuries. The company's portfolio bond duration has declined sharply from approximately 20.88 years in September 2025 to less than one year as of June 30, 2026, with long bond positions largely converted to cash. From June 30 to August 21, 10-year and 30-year Treasury yields rose 36 and 41 basis points respectively. Other institu

According to market data, ICE sugar futures rallied 21.35% in August, while New York cocoa futures surged 22.25% to $6,768/ton. ICE cotton futures gained 13.67% over the same period. ICE Arabica coffee futures rose 3.84%, while coffee C futures declined 0.21%, and Chicago WCE canola futures climbed 5.69%.

According to Bloomberg commodity data, CBOT wheat futures rose 18.49% to $7.7525 per bushel in August through August 31, marking the month's strongest performance among major grains. CBOT corn futures gained 15.84% to $5.3750/bu, while soybean futures climbed 8.44% to $12.8775/bu. Bloomberg's grain index increased 13.72% for the month after holding near 31 points between August 3-11.

According to the National Tax Service, on January 1, 2027, South Korea will deploy commercial cryptocurrency tracing software to track private wallet transfers as its 22% crypto income tax takes effect. The levy combines a 20% national income tax with a 2% local surcharge on annual gains exceeding 2.5 million won (roughly $1,800) and applies to transactions on five major exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—as well as self-custodied wallets and overseas platforms. The NTS confirm

Robinhood Chain recorded $874.8 million in decentralized exchange volume with 5.5 million transactions on August 30, according to on-chain data. The chain surpassed Ethereum, BNB Chain, and Base in daily DEX volume the same day, trailing only Solana. By August 31, Robinhood Chain's 24-hour volume reached approximately $1.33 billion, marking another record. Pons token launchpad accounted for $445.98 million of the August 30 activity, roughly 51% of daily volume. On August 25, DEX protocol Arcus i

According to BIS General Manager Pablo Hernandez de Cos, stablecoins lack three critical mechanisms needed for everyday payments, he warned on August 28 at the Jackson Hole Economic Symposium. First, they lack reliable par redemption into central bank money, meaning a dollar-pegged coin could trade below par when needed. Second, cross-chain transfers require expensive workarounds like bridges or sell-and-repurchase schemes, introducing slippage and counterparty risk. Third, self-custodied wallet

According to Base's announcement, the platform will launch new wrapped assets tomorrow, September 1. The move is aimed at enhancing the platform's versatility and increasing liquidity in the crypto market.

According to President Trump, Iran's strike impact will be limited, with the Strait of Hormuz experiencing robust shipping activity overnight. The president stated that a large volume of oil continues flowing through the strategic waterway, averaging approximately 30 vessels per night. Trump added that the U.S. may take further action against Iran, with the situation remaining under observation.

On August 31, U.S. President Donald Trump stated that the impact of Iran's strikes on American military bases would be limited. Trump also expressed confidence in the situation in the Strait of Hormuz, describing conditions there as "extremely good."

According to ChainCatcher, privacy blockchain Zano activated its sixth hard fork (HF6) at block height 3,833,000, marking the network's largest upgrade in seven years. The update enables native ZANO to cross-chain to Ethereum, Solana, and TON without custodial intermediaries, becoming public on external networks and regaining privacy protection upon return to Zano. HF6 introduces Gateway Addresses, providing exchanges, DEXs, and cross-chain bridges with single trackable balances and real-time sy

According to Jin10, on Aug 31, WTI crude for October delivery closed at $85.76 per barrel, up $2.36 or 2.83%, while Brent crude for November delivery rose $2.39 to $90.49 per barrel, gaining 2.71%.

According to Jin10, the U.S. Dollar Index, which measures the dollar against six major currencies, fell 0.28% on August 31 and closed at 99.428 at the close of the New York forex market. EUR/USD rose to 1.1616 from 1.1580, while GBP/USD climbed to 1.3550 from 1.3531, indicating weakness in the dollar.