Gate Crypto Flash News and Market Updates

According to the Korea Exchange, foreign investors' net selling in the KOSPI market dropped dramatically on August 26, selling only 116.2 billion Korean won compared to 3.8 trillion won the previous day. This represents a 96.95% decrease in selling pressure. The KOSPI continued its upward momentum for a second consecutive day, with individual investors providing buying support across various sectors including utilities and construction stocks.

According to The Block, U.S. District Judge Katherine Polk Failla ordered on Tuesday (August 26) that Tornado Cash developer Roman Storm's retrial will begin on April 26, 2027, in New York. Storm, co-founder of the crypto mixing service, was convicted in August 2025 on a money transmitting count but the jury did not reach a verdict on money laundering and sanctions evasion charges. Prosecutors are retrying him on the two unresolved counts, which could carry a maximum sentence of 40 years if conv

According to ChainCatcher, Lorenzo, ARK Invest's head of digital assets research, has criticized recent improvement proposals from Solana and Ethereum for overlooking competitive pressures. Lorenzo noted that platforms like Hyperliquid pose significant competition, yet both communities are spending time adjusting inflation mechanics and compute unit limits, potentially weakening their application competitiveness. Lorenzo argued that Layer 1 blockchains should prioritize proposals that enhance ne

According to Bank of America equity strategist Savita Subramanian, on August 5 the firm identified 16 non-AI growth stocks as an alternative for investors facing "AI fatigue." The stocks, selected from BofA's buy-rated universe, meet two criteria: projected EPS growth in the top 20% of the S&P 500 over five years, and low correlation with major AI stocks. The list spans five categories: healthcare companies benefiting from obesity, diabetes, and aging trends (Eli Lilly, Insulet, Dexcom, AbbVie,

According to The Fact, on August 26, Koryogin and Young Poong/MBK Partners clashed anew over OriginAsia Partners investments, with YP/MBK alleging over 69 billion won in company funds were deployed as follow-on investments after Chairman Choi Yoon-beom's family made initial investments. Koryogin countered that individual investment decisions were made independently by the fund operator and attributed the dispute to pre-shareholder meeting publicity. The conflict intensifies ahead of a September

According to Thailand's central bank, the baht has strengthened in recent trading driven by gold purchases, the central bank said.

According to BlockBeats, citing TradingBeats monitoring, NVIDIA futures contracts on Hyperliquid saw open interest plummet 37.2% to $97.9 million on August 26 ahead of earnings. The contract was trading at $213.72, up 1.4% in 24 hours. Among mega-sized addresses, the largest long position (0xbbf) holds approximately $4.49 million in NVDA longs at an average price of $202.57, with take-profit targets set at $231.33–$244.44 for 90.5% of the position. The largest short (0xd8c) has scaled into a 5x

According to market analysts, foreign investors sold over 4 trillion won in Samsung Electronics and SK Hynix shares in the past week as of August 26. The KOSPI index closed up 0.97% to 6808.21 on the day.

According to IDC and Central Television Finance, major tech companies including Amazon, Apple, Microsoft, and Dell have recently raised hardware prices in response to surging demand for AI computing power and resulting storage chip price increases. IDC warned that global memory shortages may continue through 2027, with industry projections suggesting storage chip prices could peak in 2028 before gradually stabilizing.

On August 26, Hyperliquid activated AQAv2 for USDC, redirecting approximately 90% of stablecoin reserve yield revenue to its Assistance Fund, which will use the income to conduct open-market purchases of HYPE tokens. With approximately $5 billion in USDC circulating on Hyperliquid, market analysts estimate the framework could generate between $135 million and $160 million annually, though Hyperliquid has not confirmed this figure. The first revenue payment to the Assistance Fund is scheduled for

Switzerland's investor confidence index climbed to 12.1 in August, up from 10.0 in the previous month, marking a gain of 2.1 points.

According to Guru Club, on August 26, a tanker carrying 4 million barrels of Saudi crude conducted a ship-to-ship transfer in the Strait of Oman, with cargo bound for Asia.

Switzerland's ZEW investor sentiment index reached 12.1 in August, up from 10 in the previous month, reflecting a month-over-month improvement of 1.1 points.

According to the People's Bank of China Shanghai branch, deposits in the Yangtze River Delta region totaled 92.14 trillion yuan at the end of July, up 8.9% year-over-year. Renminbi deposits stood at 89.01 trillion yuan, growing 8.8% YoY.

According to Lookonchain, a trader on AsterDEX turned $24,000 into $275,000 in less than a month, achieving an 11x return. The address used up to 100x leverage to long Bitcoin, ETH, and LINK, generating over 10x gains on each trade. The trader has withdrawn $91,000 in profits, with $184,000 remaining in the account.

According to MSX.COM data, U.S. storage sector stocks traded lower in premarket trading on August 26. Micron Technology declined 0.65%, SK Hynix fell 0.87%, SanDisk dropped 0.62%, Western Digital slid 0.76%, and Seagate Technology decreased 0.37%.

According to infiniFi, the DeFi protocol announced its token generation event (TGE) will take place in Q4 2026. Starting from tomorrow (August 26, 11:00 AM ET) until TGE, infiniFi Points rewards will increase significantly with a new fixed allocation mechanism that prevents dilution from new participants.

According to a Blue House official on August 26, the South Korean government clarified it will not significantly reduce government bond issuance following the establishment of a new future response fund. The official stated that Korea's government bond market remains relatively small and requires adequate issuance to maintain its role as a benchmark asset and ensure market liquidity. Sudden reductions in bond issuance could destabilize financial markets, the official noted. Park Sung-hun, head o

According to Herald Economy, South Korean construction stocks surged today (August 26), with the construction sector index rising approximately 25% for the month. Hyundai Engineering and Doosan Enerbility led gains, climbing 28.22% and 20.27% respectively, driven by accelerating U.S. nuclear energy development. Hyundai Engineering completed the basic design (FEED) for a large-scale nuclear project in Texas, with the next phase involving an EPC contract for construction. The U.S. Department of En

According to sources, Saudi Aramco is providing Asian refiners Arab Medium and Arab Heavy crude oil for September shipment.