Gate Crypto Flash News and Market Updates

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."

According to Hanwha Investment Securities on Aug 29, South Korea's KOSDAQ index has significantly underperformed the KOSPI this year, with the benchmark equity index up more than 60 percent while the tech-focused index declined 13 percent. The gap widened in the first half, when KOSPI surged 122.7 percent compared to KOSDAQ's 32.8 percent gain. Analyst Yim Dong-chan attributed the divergence to stronger corporate earnings on KOSPI and the concentration of artificial intelligence semiconductor co

Baidu Cloud recently completed an organizational restructuring. Its Platform Product Business Division was renamed to the Intelligent Agent Business Division, with its MaaS business, Qianfan brand, and related products transferred to the Infrastructure Business Division. The Data Platform Department was renamed to the Data Intelligence Department and moved under the Intelligent Application Business Division, which was formerly known as the Application Product Business Division.

According to Guru Club, copper futures on the darkpool broke below $6.7 on August 29, declining 1.4% intraday.

According to Cnyes, China's A-share market fell on Friday (August 28), with major indices declining across the board. The Shanghai Composite Index (SSE) closed at 3,952.18 points, down 0.11%, while the Shenzhen Component Index fell 0.68% and the ChiNext Index dropped 1.41%. Combined trading volume in Shanghai and Shenzhen markets reached 2.1 trillion yuan.

According to official Circle data, USDC circulating supply increased by $10 billion over the past seven days as of August 27, 2026, reaching $73.7 billion. Total reserves stood at $74 billion, maintaining the 1:1 USD redemption mechanism. Over the 7-day period, Circle issued $11.2 billion in USDC and redeemed $10.2 billion; over 30 days, $33.4 billion was issued and $31.9 billion redeemed, with 30-day net growth of $1.5 billion.

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT) reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The interval began at 211 meters downhole and contained 0.33% copper and 0.039% molybdenum, tracking closely with the company's geological model. A second hole, MD-068, intercepted 544 meters grading 0.45% copper equivalent from 145 meters depth, with stronger alteration and denser

According to Kitco News, spot gold fell below $4,550/oz on Friday (August 29) after the University of Michigan released its August Consumer Sentiment survey showing a final reading of 51.7, better than the consensus forecast of 51 but significantly down from July's 55.2. Spot gold declined to a session low of $4,549.15 shortly after the 10 am ET data release, last trading at $4,556.41 per ounce for a loss of 0.99% on the day. The August survey also showed year-ahead inflation expectations eased