Gate Crypto Flash News and Market Updates

Canadian Prime Minister Carney announced plans to launch intensive discussions with the European Union this fall to establish a stronger and deeper economic and security partnership between the two regions.

According to Israeli media, the Israeli Air Force recently conducted airstrikes targeting what it described as terrorist infrastructure in central Gaza.

According to Houthi statements on August 24, the Iran-backed Houthis claimed they successfully attacked the Saudi oil tanker Amzan using ballistic missiles in the northern Red Sea off the coast of Yanbu, causing fires aboard the vessel. The group also stated it conducted parallel military operations against Saudi forces, alleging it struck large military convoys in the Al-Abr and Al-Wadiya regions with multiple ballistic missiles and drones, destroying over 10 armed vehicles. In a second operati

According to ChainCatcher, the Crypto Council for Innovation (CCI) and Blockchain Association (BA) recently filed a lawsuit against Illinois officials challenging the state's 0.2% digital asset tax, which is scheduled to take effect on January 1, 2027. The tax will be levied on transaction volume rather than income. In their filing with the Sangamon County Circuit Court, the organizations argue the tax violates the U.S. Constitution, Illinois Constitution, federal and state due process laws, and

According to Fox Business Channel, U.S. Treasury Secretary Bessent is considering aggressive measures to push 10-year Treasury yields toward 5%. Under consideration are debt buybacks by the Treasury, increased issuance of short-term government bonds, and potential elimination of the 20-year Treasury. The Trump administration is not expected to pursue fiscal austerity but instead plans to rely on higher tax revenue and economic growth to address debt challenges, according to Wall Street executive

According to Stand With Crypto, the Coinbase-backed crypto advocacy group on Monday backed 32 House candidates it views as pro-crypto, including Republican Warren Davidson and Democrat Ritchie Torres, as it aims to flex political influence in the upcoming midterm elections. SWC Executive Director Mason Lynaugh stated that the group will announce Senate endorsements closer to Election Day. The move builds on crypto industry efforts in 2024, when groups like the Fairshake super PAC spent $12 milli

According to ChainCatcher, Lancium announced that Nvidia has made a strategic investment in the company. Details of the investment amount were not disclosed.

According to Guru Club, the U.S. Dollar Index broke above the 99 level on August 24, rising 0.16% during the day.

Today, Iran's currency hit an all-time low as the rial fell to 2.04 million against the U.S. dollar. The decline came as the Trump administration prepares to announce new economic sanctions designed to further pressure Tehran later today. The move compounds existing pressures on Iran's economy, with both U.S. and Iranian blockades continuing to restrict oil shipments through the Strait of Hormuz and the country's crude exports to Asia nearly halted.

According to Trump's statement on Truth Social on August 24, U.S. President Donald Trump announced 50% tariffs on Canadian vehicles, trucks, auto parts, and steel effective January 1, 2027. Goods produced in the United States will face 0% tariffs, Trump stated.

According to Bitget market data, Nasdaq 100 component stocks showed divergent performance during today's U.S. trading session. Consumer stocks, online services, and crypto-related equities gained traction, while storage stocks saw broad declines. Some semiconductor and optical communication names also weakened.

According to CoinMarketCap, Virtuals Protocol (VIRTUAL) rose 15.01% to $0.8275 today (Aug 24), leading gains among the top 100 cryptocurrencies by market cap. Injective (INJ) climbed 10.30% to $5.76, while Aerodrome Finance (AERO) gained 9.05% to $0.523.

On August 6 at the close of European trading, the UK 10-year gilt yield fell 5 basis points to 5.055%. The 2-year gilt yield rose 2.2 basis points to 4.379%, while the 30-year and 50-year yields declined 1.5 and 1.2 basis points respectively. The 2-10 year gilt spread compressed 2.672 basis points to 67.543 basis points.

According to Odaily, Coinbase will open BASECAT-USD and DRB-USD spot trading pairs today, subject to sufficient liquidity conditions and regional support for trading.

Pakistan's Army Chief met with Iranian Parliament Speaker Kalibaev this afternoon to hold talks. The meeting is part of Pakistan's efforts to strengthen regional peace and security.

According to New York Post, U.S. President Trump will visit Ireland in September 2026.

According to TradingBeats monitoring, crypto trader Huang Lisheng added $12 million to his Bitcoin long position within 10 minutes on August 24, bringing his total BTC holdings to approximately $87.44 million. His BTC position is currently marked by an entry price of $79,449.30 and liquidation price of $72,419.26, with floating gains around $500,000.

According to Blockworks Research analyst Shaunda Devens, perpetual futures revenues surged 243% last week, significantly outpacing a 43% price gain across the broader crypto market. Devens noted that in ten of sixteen blockchain sectors, revenue growth exceeded price appreciation, reflecting how higher asset prices directly drive increased trading volumes and leverage demand within crypto protocols.

According to FinanceFeeds and Strategy's 8-K SEC filing, the company sold $2.01 billion of MSTR shares between August 17 and August 23 without purchasing any bitcoin. Strategy sold 18,261,118 common shares during the period, leaving its bitcoin holdings unchanged at 840,447 BTC. Instead of bitcoin purchases, most proceeds went into a new USD Cash pool holding $1.59 billion, while the company also allocated $136.4 million to preferred stock repurchases and added $300 million to its existing USD R

Nvidia is set to release its third-quarter earnings after market close on August 26, with analysts projecting revenues of approximately $92 billion, nearly doubling year-over-year, and maintaining profit margins of roughly 75%. Meanwhile, Amazon's chip division has surpassed $25 billion in annual revenue with triple-digit percentage growth, signaling intensified competition in the AI accelerator market expected to reach $1.4 trillion by 2030. AMD's data center revenue surged more than 100% last