Gate Crypto Flash News and Market Updates

According to Bloomberg, reported by PANews on August 31, Dragoneer Investment Group raised approximately $1 billion for its continuation fund, falling short of its initial $2 billion target. The fund was backed by the firm's stakes in OpenAI, SpaceX, and other private equity assets. To attract investors amid a weak exit environment, Dragoneer considered adding holdings in Databricks and wealth management firm Creative Planning. The continuation fund is primarily designed to extend holding period

According to Federal Reserve Bank of New York data, the secured overnight financing rate (SOFR) reached 3.65% on August 28, up 1 basis point from 3.64% the previous trading day. The effective federal funds rate remained steady at 3.63%.

Gate News message, according to the August 31 update, Bitcoin ETFs recorded a single-day net outflow of 2,689 BTC, equivalent to $209.79 million, while maintaining a 7-day net inflow of 11,724 BTC totaling $914.72 million. Ethereum ETFs showed a contrasting trend with a single-day net inflow of 31,399 ETH worth $76.99 million, and a 7-day net inflow of 302,035 ETH amounting to $740.57 million.

According to Strive CEO Matt Cole, the company recently acquired 1,800 BTC for approximately $143 million, at an average price of $79,431 per BTC. The acquisition brings Strive's total Bitcoin holdings to 23,156 BTC, reflecting the company's strategic approach to expanding its cryptocurrency portfolio amid market conditions.

According to the Wall Street Journal, South Korea announced Friday a plan to provide free access to premium generative AI to its entire population through a programme called "AI for All." The government will divide up to 512 Nvidia B200 chips among three tech consortia, including the country's largest telecoms operators and Kakao, the messaging platform. Each consortium will launch dedicated apps and integrate AI into existing services, with usage uncapped and no token limits. Beta testing is se

According to Trump's social media post on August 31, U.S. communities rejecting data center construction risk falling behind economically. Trump stated that embracing data centers would bring substantial tax reductions and job creation. He emphasized that refusing development could only harm local prosperity, and warned, "If we kill this golden goose, the responsibility will be entirely theirs."

According to BlockBeats, Microsoft co-founder Bill Gates said on Aug 31 that he would not invest in cryptocurrency. When asked about diversifying assets beyond the U.S. dollar, Gates expressed skepticism toward "assets driven purely by mania," stating that a diversified portfolio of global stocks represents the best long-term investment strategy.

According to Jin10, Chinese President Xi Jinping met with Russian President Vladimir Putin on August 31 during the Shanghai Cooperation Organization summit in Bishkek. Xi emphasized that amid rapid global shifts and growing uncertainties in international affairs, nations remain committed to pursuing peace, development, cooperation, and mutual benefit. Xi stated that the SCO bears the responsibility of maintaining regional stability and promoting development, and that China is willing to work wit

According to Bitget market data, U.S. cryptocurrency-linked stocks posted mixed results over the past 24 hours. BitMine (BMNR) led gainers with a 3.25% increase, while Riot Platforms (RIOT) fell 3.00%, marking the largest decline among major players. Coinbase (COIN) dropped 1.33%, and Galaxy Digital (GLXY) lost 1.24%, among other decliners in the sector.

According to Foresight News, tZERO and Intercontinental Exchange (ICE) have agreed on a partnership where ICE will participate in tZERO's latest funding round and receive licensing rights to tZERO's blockchain patent portfolio comprising 103 patents across 23 patent families. The patents cover compliance-aware transfer logic, upgradeable smart contract frameworks, scalable corporate action handling, and broker-level identity interoperability for securities tokenization. The two parties signed a

According to Yonhapinfomax, the U.S. dollar weakened on August 31 morning (US Eastern time), with the dollar index (DXY) tracking the greenback against six major currencies falling to 99.510, down 0.145 points (0.146%) from the previous close of 99.655. The euro strengthened after German regional consumer price index data showed higher-than-expected inflation readings. The euro-dollar exchange rate rose to 1.16009. Meanwhile, WTI crude oil futures for October delivery surged 3.5%, trading around

According to Foresight News, Bybit opened the "Stock Buzz" trading competition on August 31 at 20:00 UTC. The competition runs through September 14, with a minimum trading volume of 5,000 USDT required to participate. Users are ranked by cumulative trading volume in NIULAIUSDT perpetual contracts over 14 days, with the top 200 winners sharing prizes. The platform offers a guaranteed prize pool of 2,000 USDT, scaling up to a maximum of 100,000 USDT based on total trading volume achieved.

According to ChainCatcher, social trading platform Fomo announced in August that it has acquired the proprietary software and intellectual property developed by on-chain data infrastructure company Mobula. Several Mobula team members, including founder Sacha Marcus and CTO Sacha Delhoux, will join Fomo's engineering team. Fomo's user base doubled to over 1.9 million since early July, with daily new user additions exceeding 30,000. Active users in August surpassed 1.2 million, and the platform's

According to MSX.COM data, AI stocks rose broadly on August 31 at the U.S. market open, while the broader market declined slightly. CrowdStrike climbed 4.56%, Atlassian rose 2.72%, The Trade Desk gained 2.51%, onsemi increased 1.73%, and Baidu added 1.71%. Meanwhile, the Dow Jones Industrial Average fell 0.48%, the S&P 500 dropped 0.23%, and the Nasdaq Composite declined 0.14%.

According to Jin10, Iranian Armed Forces spokesman Kioumars Shekarchi stated on August 31 that Iran is determined to expel U.S. forces from the West Asia region. Dismissing remarks about the Strait of Hormuz, Shekarchi said, "If Trump thinks the Strait of Hormuz is American territory, he must be dreaming." Shekarchi noted that despite significant economic costs, Iranian unmanned aircraft and ballistic missiles have penetrated American and Israeli defensive systems, successfully striking military

According to BlockBeats, Shein-W announced on August 31 that the final offering price for its shares is set at 48.56 Hong Kong dollars per share.

According to BlockBeats, on August 31, U.S. 5-year Treasury yields rose to 4.5%, marking the highest level since January 2025.

According to Kuaishou's announcement today (August 31), Beijing Keling received investment from two parties under separate subscription agreements: the National AI Fund contributed 1.4 billion RMB, while Zhengda Robotics invested approximately 192.9 million USD (equivalent to about 131.45 million RMB).

According to Eric Balchunas, South Korea's leveraged ETF trading volume has dropped to just 4% of its June peak, attributed to recent market selloffs and new regulatory requirements. The South Korean government has introduced a mandatory five-day training course requirement for leveraged ETF traders, which is expected to deter market participation. This regulatory approach, combined with ongoing market volatility, has significantly reduced trading activity in the region.

According to Congo's Ministry of Health, the country's Ebola outbreak reached 6,041 confirmed cases and 2,911 deaths as of August 29, with a fatality rate of 48.2%. The epidemic has affected 60 health zones across six provinces: Ituri, North Kivu, South Kivu, Upper Uele, Lower Uele, and Chopo.