Gate Crypto Flash News and Market Updates

According to the U.S. Office of the Comptroller of the Currency (OCC), World Liberty Financial (WLFI), a Trump family-linked company, received conditional approval for its bank holding company application in early August, making Trump the first sitting U.S. president with a child-founded bank while in office. WLFI aims to expand the use of its USD1 stablecoin by obtaining a chartered bank to hold reserves, reducing custodial costs and enabling potential access to the Federal Reserve's discount w

Raw sugar prices reached 17.99 cents per pound on August 20, their highest level in more than a year, amid tightening global supplies. Benchmark raw sugar traded at 17.61 cents on August 21, up nearly 20% over the past month. India announced on August 20 it would allow 1 million metric tons of raw sugar to be imported duty-free until October 31, its first major import move in nearly a decade and a shift from its normal 100% import duty. Brazil's crop agency Conab projected 2026/27 sugar producti

According to Jin10, on August 24, the Korean won continued to strengthen as markets anticipate a potential rate hike from the Bank of Korea on Thursday. The currency gains persisted despite ongoing weakness in the KOSPI stock index, with the U.S. dollar facing continued downward pressure amid fiscal intervention.

European Council President António Costa and UK Prime Minister Keir Starmer arrived in Kyiv today to mark Ukraine's Independence Day on August 24, according to Ukraine's Foreign Minister.

According to Seoul Econ, on August 21 Samsung Electronics announced a record 90-110 trillion won shareholder return plan, with 30 trillion won in cash dividends to be executed in the third quarter. However, securities analysts project actual share buybacks and cancellations will reach only 10-20 trillion won due to restrictions under South Korea's Financial Holding Company Act. The 10% threshold caps Samsung Life Insurance and Samsung Fire & Marine Insurance's combined shareholding, forcing the

According to Russia's Defense Ministry, on August 24, it struck a tanker carrying fuel and lubricants for Ukrainian forces near Pivdennyi Port in Odesa, along with port infrastructure used for unloading and storing military cargo.

On August 21, Anthropic announced the hiring of Amir Salek, who founded Google's custom chip business and previously led TPU development, to establish an AI chip design team. The move is part of Anthropic's strategy to reduce reliance on Nvidia and diversify chip suppliers. Anthropic has secured approximately 3.5GW of next-generation TPU capacity for 2027 through expanded partnerships with Google, Broadcom, and British startup Fractile, which includes a $250 million initial purchase agreement. A

According to Korean Economic TV, Kakao's stock price plummeted on Friday following the announcement of a share split designed to preserve shareholder value. Short-selling trading volume surged nearly 10-fold in response to the announcement.

According to Korea Exchange data, Samsung Electronics fell 8.17% to 258,500 won as of 2:20 p.m. on August 24, while SK Hynix declined 2.25% to 1,691,000 won on the same day, after both semiconductor giants announced large-scale shareholder return programs in recent trading sessions. Analysts attributed the pullback to profit-taking following sharp rallies. KB Securities researcher Kim Dong-won noted that Samsung's existing policy of returning 50% of free cash flow could generate over 600 trillio

According to Barcleys interest rate strategists on August 24, Federal Reserve Chair Powell will likely advocate for reducing the central banks reliance on forward guidance at the Kansas City Feds annual Jackson Hole Economic Symposium, to be held August 27-29. The strategists believe Powell views forward guidance as a source of past policy mistakes. The Fed chief is expected to emphasize long-term economic drivers, particularly productivity trends and their impact on potential growth. While Powe

According to Russia's Defense Ministry, Russian forces shot down 351 Ukrainian unmanned aerial vehicles overnight on August 23-24.

According to Foresight News, Robinhood CEO Vlad Tenev said in a recent interview that prediction markets have become the company's fastest-growing business line, generating hundreds of millions in annual revenue. The company launched its prediction market product shortly after legal approval of presidential election-related prediction markets and has since expanded the offering significantly. Tenev highlighted that a key challenge now is maintaining core user experience consistency as the produc

According to Foresight News, Term Finance shut down all Meta Vaults yesterday (August 23) following a governance attack that resulted in losses of approximately $8.5 million, as detected by CertiK. The platform has also revoked all DAO governance roles. The closure is irreversible and permanently bars new deposits, though withdrawals remain open. The underlying Term protocol and its direct lending markets have not been affected, and the team is continuing to assess the full scope of the incident

According to MarketWatch columnist Brett Arends, rising long-term Treasury yields and elevated U.S. stock valuations pose significant risks to financial markets. The 10-year U.S. Treasury yield returned to approximately 4.70% on Thursday morning, erasing gains from the Treasury Department's expanded buyback announcement. Arends, citing views from former Federal Reserve official Bill Dudley, identified three key concerns: overvalued U.S. equities, circular financing in the AI boom (where tech gia

According to Ray Dalio, founder of Bridgewater Associates, on August 21, the U.S. federal government could face a debt crisis within three years. In response, Dalio recommended reducing bond allocations in investment portfolios while increasing gold holdings to 10-15%, according to his LinkedIn post.

According to Jin10, Moonshot AI announced that Kimi K2.5, its first-generation trillion-parameter multimodal model, will cease operations by the end of August.

Shanghai Futures Exchange Europe-Asia shipping futures main contract rose 8% today, closing at 2,040 points.

According to Pakistan's Virtual Assets Regulatory Authority (PVARA), the regulator opened its crypto licensing portal on Saturday following notification of regulations governing virtual asset service providers. Companies operating before March 5 must submit an application for a no-objection certificate by Sept. 5 or cease operations. Operating without submitting an application after the deadline will constitute an offense. The framework covers exchanges, custody, lending, derivatives and mining

According to Odaily, PopMart's largest shareholder 段永平 responded to critics following the company's disappointing H1 earnings, stating he focuses only on the company's long-term prospects rather than market expectations. "I don't care about public expectations, only about the company's future," he said, adding "I don't care about short-term things" and that he believes the financial report looks "quite good." When a commenter sarcastically suggested 段永平 would regret the investment in his old age

According to Odaily, Popmart released its H1 2026 financial report on the week, reporting revenue of 171.7 billion yuan, up 23.8% year-over-year, with adjusted net profit of 51.6 billion yuan and 30% net margin. Six major intellectual properties (THE MONSTERS, Starry Beings, CRYBABY, DIMOO, SKULLPANDA, Hirono) each generated over 1 billion yuan in revenue, with 11 IP lines exceeding 100 million yuan. THE MONSTERS family, led by LABUBU, topped the chart with 44.5 billion yuan in revenue, while St