Gate Crypto Flash News and Market Updates

Volcano Engine has launched a web-connected question-answering AI agent for the education sector, offering question-photo answering, homework grading, and AI tutoring capabilities. The platform covers subjects across elementary through high school levels and features step-by-step problem guidance and automated full-page grading. Content reliability is ensured through integration with over 100 authoritative sources via Douyin Search. Educational apps, smart hardware providers, and in-school devic

Russian media citing local authorities reported a drone attack in Yekaterinburg, leaving 4 people injured and damaging 3 buildings.

According to Thaiger, Thailand's Ministry of Digital Economy and Society launched the 'TH-AI Passport' platform on August 31, providing free access to 5 million registered users. The platform offers Pro-level AI services from 14 providers, covering 33 AI models across multiple use cases including image generation, video creation, music production, deep research, coding, and website building.

According to Jin10, on August 31, Ireland unveiled details of a new government-backed savings account designed to encourage retail investment through tax incentives. The account is expected to launch in early 2027, offering tax-free investment returns up to a certain limit, with a reduced uniform tax rate applied above that threshold. Investment-eligible products include listed stocks, listed bonds, and ETFs, while derivatives and crypto assets are excluded. The government confirmed that the cur

According to PANews, Polymarket's Trading API (CLOB) experienced a major outage on August 31, triggering multiple service halts and maintenance windows throughout the day. The platform activated cancel-only mode to troubleshoot and repair the issue. The team plans to fully restore trading by 18:00 UTC+8, with a 15-minute cancel-only window prior to recovery. Perpetual futures trading and related APIs remain operational.

According to Beating, Mango TV's AIGC drama series 'Post-Journey to the West' premieres on Hunan Satellite TV's prime-time slot tonight (August 31). The first season comprises 30 episodes with 40 minutes each; the debut 'Flower Fruit Mountain' arc contains 5 episodes. The series is China's first AI-generated drama to air on a satellite TV prime-time schedule, with all visuals and character performances created entirely by AIGC technology. Production was supported by Seedance 2.0 and Seedance 2.5

According to Seoul Economic, South Korea's KOSPI index fell to 6,820.02 on August 31 amid growing concerns over a U.S. interest rate hike in September. Biotech stocks, including Alteo Genene (down 3.91%), Peptron (down 4.78%), and ABL Bio (down 5.46%), posted sharp declines on rate sensitivity. Securities stocks also retreated, with Mirae Asset Securities down 4.01%. August daily average trading volume on KOSPI dropped to 25.75 trillion won, the lowest monthly level of the year compared to 50.35

According to BlockBeats, Canadian trader Akshay Sapra disclosed on August 31 that he lost over 350,000 Canadian dollars in a week after betting on SpaceX. After SpaceX was added to the Nasdaq-100 index, Sapra purchased thousands of call options and shares. The stock price subsequently dropped from $158.92 to $149.47, causing a single position loss exceeding $200,000. He then bought 2,200 put options in a reversal trade but lost most of the remaining funds.

According to Bloomberg, Trump-backed government investments in U.S. public companies face mounting political and legal risks as midterm elections approach, with polls showing Democrats may regain control of at least one chamber of Congress. If Democrats gain control of relevant committees, they could launch congressional investigations and hearings into government equity deals, potentially pressuring corporate valuations. Intel surged over 300% after the Trump administration's reported stake acq

According to Jin10 Futures, citing a report from Donwu Futures on August 31, China's chemical products sector surged collectively as escalating Middle East geopolitical tensions—triggered by recent U.S.-Iran missile exchanges—raised Strait of Hormuz shipping risks. Methanol and ethylene glycol port inventories remain near multi-year lows with import sources concentrated in the Middle East, while Hormuz disruptions amplified supply concerns. PVC traded on expectations for the property market's tr

According to ChainCatcher's official data panel, over the past 7 days, Binance led exchange reserve assets with net inflows of $8.85 billion, followed by OKX with $76.72 million. Among top-10 exchanges by BTC wallet balance, Bybit saw the largest decline at 3.07%, while OKX posted the biggest gain at 0.86%. On the outflow side, Bybit reported the largest reserve asset net outflow at $119 million.

According to Gate trading data, ETH/USDT reached $2,450.46 on August 31, down 0.28% in 24 hours.

According to Hankyung, KOSPI rose 0.46% to 6,820.02 on August 31 despite hawkish comments from Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium. The index fell as much as 3.55% in morning trading to 6,547.76 before recovering on afternoon gains. Samsung Electronics climbed 1.17% to 260,000 won and SK Hynix gained 1.27% to 1.674 million won, as both companies executed share buyback programs. Other corporations logged net purchases of 1.54 trillion won, offsetting net sel

According to Yonhap Infomax, on August 31, the USD/KRW exchange rate fell to 1,368.60 won, marking its lowest level in 13 months. The decline was driven by month-end supply dynamics, with exporters actively selling dollars and foreign funds from the World Government Bond Index (WGBI) flowing into the market. Despite Federal Reserve Chair Kevin Warsh's hawkish remarks on August 28 at the Jackson Hole symposium, which had initially supported dollar strength, the subsequent downward pressure on the

According to Yonhap Infomax, FX swap points across all tenors declined on August 31, with the 1-year tenor falling 0.70 won to -8.50 won from opening. The 6-month tenor closed at -4.10 won and the 3-month at -1.80 won, while the 1-month ended at -0.55 won. The broader decline followed Fed Chair Kevin Warsh's hawkish remarks at Jackson Hole, which pushed market expectations for a 25 basis point rate hike in September to 63% from 57% on August 28, according to CME FedWatch data.

According to Korea Exchange data through August 28, private equity funds' share of KOSPI average daily trading volume surged to 1.9% in August, up from 1.1% in February. The increase reflects reduced participation from individual investors, whose average daily trading volume halved from 35.5 trillion won in June to 16.6 trillion won in August, and foreign investors. Private equity funds have concentrated purchases in cosmetics stocks including Korea Kolmar and Comax, as well as nuclear energy-re

According to the UAE Ministry of Foreign Affairs, on August 31, Iran launched a drone attack against the country, which was successfully intercepted by air defense systems over territorial waters. The ministry condemned the assault as a dangerous escalation and a violation of UAE's sovereignty and security, in breach of international law and UN Charter principles. The UAE emphasized it will not compromise on national security and sovereignty, and reserves all legal rights to respond in accordanc

According to Barron's, the S&P 500 rose just 0.5% this week, with the index nearly flat over the past three weeks. However, the benchmark is maintaining a strong 22% gain over the past five months. Federal Reserve Chair Kevin Warsh's Friday speech at Jackson Hole signaled potential rate increases ahead. While Warsh emphasized focus on inflation, noting that recent modest inflation data does not indicate a substantial improvement in underlying trends, CME FedWatch data shows traders currently ant

According to Iran's Tasnim news agency and Turkey's Anadolu Agency, on August 31, Iran's President Pezeshkian stated Iran does not seek war but will firmly respond to aggression and will not remain silent in the face of invasion. The statement came after the U.S. military struck Iran's southern Larak Island on August 30, reportedly causing casualties among Iran's Islamic Revolutionary Guard Corps and civilians. On August 31, Iran's Islamic Revolutionary Guard Corps launched missile and drone str

According to BlockBeats, South Korean cryptocurrency exchange Upbit suspended deposits and withdrawals for Ontology-based digital assets on August 31, citing network checks on the Ontology network. The suspension affects Ontology (ONT), Ontology Gas (ONG), and MovieBloc (MBL). Trading services for these assets remain unaffected. Upbit warned that deposits sent during the suspension period may fail to arrive or face permanent loss. Deposit address registration and withdrawal processing are also h