Gate Crypto Flash News and Market Updates

According to Jin10, offshore yuan HIBOR rates mostly climbed on Monday (August 10), with the one-year rate hitting 1.70682%, marking the highest level in three weeks since July 20. Other tenors included overnight HIBOR at 1.34439%, one-week at 1.40636%, and two-week at 1.43515%.

SHIBOR overnight rate rose to 1.3770% today, up 1.6 basis points. The 7-day SHIBOR climbed to 1.4000%, up 0.9 basis points, while the 3-month SHIBOR held steady at 1.4300%.

According to Binance spot data via ChainCatcher, the crypto market saw significant volatility today. IOTX dropped 24.34% in 24 hours, while ADX jumped 11.27% to hit a new daily high. Among other tokens, AIXBT and FORM fell 5.59% and 14.37% respectively after earlier rallies, while HEI, KAITO, and HOME recovered with gains of 5.24%, 7.6%, and 8.11%.

According to Cloudflare, machine-generated Internet traffic will surpass human-generated traffic by 1,000 times within five years, with the inflection point arriving ahead of schedule in May 2026. Tesla and SpaceX CEO Elon Musk endorsed the research, stating on X that "AI agentic Internet traffic will obviously VASTLY exceed human usage" and that "Cloudflare's forecast is accurate." Cloudflare CFO Thomas Seifert noted that humans will become "a rounding error on the internet" due to the explosiv

According to Pay Protocol, Dannal's subsidiary Pay Protocol launched the enterprise beta version of PayChain on August 10. PayChain is an on-chain financial infrastructure that records the entire settlement process using digital receipts. The beta period runs through November 30, with companies accepted on a rolling basis. PayChain balances blockchain transparency with financial privacy by storing only validation evidence on-chain while granting access to detailed transaction records exclusively

According to South Korea's Financial Supervisory Service, overseas real estate funds pose significant risks including total principal loss, despite common investor assumptions that real estate backing ensures safety. On August 10, the regulator issued guidance following mounting disputes, citing a case where a securities firm employee told a client the funds were safe because they held real estate, only for the investor to lose their entire principal. The FSC highlighted that these funds often u

According to Bank of America, the bank's Bull & Bear indicator rose to 9.7 this week, marking the highest level since 2021 and triggering a sell signal. Over the past seven days, $52.9 billion flowed into cash while $32.9 billion entered equities and $23.1 billion went to bonds. The technology sector recorded its first outflow in six weeks at $700 million, and semiconductor ETFs saw outflows of $2.4 billion. Bank of America recommends a portfolio rotation from risk assets into defensive sectors

According to Onchain Lens, a whale deposited 37,390 HYPE tokens (worth $2.03 million) to KuCoin 6 hours ago. The same wallet transferred 290,750 USDC (worth $290,750) to Kraken 1 hour later.

According to SoSoValue data, XRP spot ETFs recorded net inflows of $1.0127 million during the trading week of August 3-7 (EDT). Canary ETF XRPC led with $1.1467 million in weekly net inflows, bringing its historical cumulative net inflows to $468 million, followed by Franklin Templeton's XRPZ with $564,000 in weekly inflows and $427 million in cumulative net inflows. The aggregate XRP spot ETF market saw $953 million in net assets, representing 1.49% of XRP's total market value, with cumulative

According to SoSoValue, HYPE spot ETFs recorded net inflows of $2.8408 million during the trading week of August 3–7 (U.S. Eastern Time). As of the latest update, total HYPE spot ETF assets under management reached $257 million, representing 2.13% of HYPE's total market capitalization, with cumulative historical net inflows of $281 million.

According to SoSoValue, SOL spot ETFs saw net inflows of $144,900 for the week ended August 7 (U.S. Eastern time). Morgan Stanley's MSOL led with $1.004 million in weekly inflows, while Fidelity's FSOL experienced outflows of $859,500 during the same period. As of the reporting date, total assets under management for SOL spot ETFs reached $870 million, with a cumulative net inflow of $1.15 billion.

According to SoSoValue data, Ethereum spot ETFs saw net inflows of $245 million during the week of August 3-7, continuing five consecutive weeks of inflows. BlackRock's ETHA led the category with $203 million in weekly inflows, bringing its historical total to $11.65 billion. The combined Ethereum spot ETF complex now holds $10.74 billion in assets under management, with cumulative net inflows reaching $11.46 billion since inception.

According to SoSoValue, Bitcoin spot ETFs saw net inflows of $854 million this week (Aug. 3-7). BlackRock's IBIT led inflows with $694 million, bringing its all-time net inflows to $61.17 billion. Fidelity's FBTC followed with $116 million in weekly inflows.

According to CCTV News, on August 10 at 8 a.m., China's State Flood Control and Drought Relief Headquarters and Ministry of Emergency Management activated a Level 4 flood emergency response for Hubei and Shandong provinces in response to Typhoon Baihaitun. The typhoon is expected to bring heavy to torrential rains across central-northern Hubei and Shandong from August 10-13, creating elevated risks of flash floods and landslides.

According to Onchain Lens, a whale deposited 373,900 HYPE (approximately $2.03 million) to KuCoin 6 hours ago on August 10. The same wallet transferred 2.9075 million USDC (approximately $2.9065 million) to Kraken one hour prior.

According to SK Hynix in a recently published article, AI data center competition is shifting from single-chip performance to comprehensive infrastructure architecture design. The company emphasized that competitiveness no longer depends on individual components but on seamless integration of five key factors: computing, memory, storage, networking, and power/cooling systems. Omdia forecasts the AI data center chip market will grow from $123 billion in 2024 to $207 billion in 2025 and reach $286

According to Yonhap Infomax, U.S. stock index futures declined on Aug 10 morning (Korean time 10:09 AM) as uncertainty grew over U.S.-Iran negotiations regarding freedom of navigation through the Hormuz Strait. E-mini S&P 500 futures fell 5.50 points (0.07%) to 7,724.25, while E-mini Nasdaq-100 futures dropped 9.75 points (0.03%) to 29,825.00. The dollar index rose 0.08% to 99.665, and U.S. 10-year Treasury yields climbed 2 basis points to 4.663%. Earlier expectations for a Hormuz Strait agreeme

According to ING Bank, U.S. non-farm payrolls declined by 23,000 month-on-month in July, missing market expectations of an 80,000 job gain. Additionally, May and June figures were revised downward by a combined 103,000 positions. The unemployment rate fell to 4.1% from 4.2% in June, but ING noted this decline reflects reduced labor force participation rather than job growth, with the participation rate hitting 61.4%—its lowest level since March 1976, excluding the pandemic period.

According to Neutral Trade, the Solana-based quantitative strategy platform has launched Autopilot, a multi-strategy auto-allocation service that automatically deploys user deposits across multiple real-time market-neutral strategies while dynamically rebalancing based on market conditions. The service employs a multi-manager architecture, distributing capital across independent professional trading platforms including options market-making and cross-exchange arbitrage to mitigate single-strateg

According to SEC filings, Grayscale withdrew registration statements for three spot ETFs on August 7, completing all three withdrawals within 190 seconds. The withdrawn funds are Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF. Grayscale stated it does not intend to proceed with share issuance, and the registration statements had not yet become effective. The company did not disclose specific reasons for the withdrawals.