Gate Crypto Flash News and Market Updates

According to the Chinese Foreign Ministry, Wang Yi, a senior official and China's special representative on border issues, will meet with India's National Security Advisor Doval on August 25 in Beijing for the 25th round of talks on the China-India border dispute.

According to Standard Chartered, on August 24, international bond issuers are accelerating yuan and Hong Kong dollar bond issuance amid rising U.S. dollar funding costs. Dimsum Bonds issued in Hong Kong surged 46% year-over-year to RMB 683.04 billion, while Panda Bonds in mainland China jumped 80% to RMB 199.68 billion as of mid-August. Dim Sum Bonds (offshore HKD-denominated bonds) also rose 76% to HKD 671.42 billion during the same period. Standard Chartered executive David Yim noted that high

According to South Korea's Marine Corps, the U.S. canceled a planned joint amphibious exercise with South Korea scheduled for September due to troop constraints stemming from the Iran war. The two countries are in close consultations to resume the drills, a Marine Corps spokesperson said. This follows an unexpected order from Trump last Friday to reduce another annual joint military exercise, citing high costs and Seoul's refusal to participate in the Iran war.

According to Jin10 on August 24, eurozone government bond yields opened lower today as oil prices eased market pressure. German 10-year government bond yields fell 2.4 basis points to 2.324%, while Irish 10-year yields declined 2.2 basis points to 3.388%, according to Tradeweb data. Moody's upgraded Ireland's sovereign credit rating from Aa3 to Aa2 on Friday, maintaining a positive outlook.

Iran's Strait of Hormuz management authority stated today that vessels violating shipping regulations through the Hormuz Strait may face fines, detention, or confiscation, according to official statements.

According to Bitget trading data, Hong Kong-listed semiconductor stocks fell sharply on August 24. Tsingus Semiconductor declined over 9%, SMIC dropped 8%, while Gigadevices and Hongxing Micro fell over 5%.

Marvell Technology will report its second-quarter earnings on August 27 at 4:45 p.m. Eastern Time, according to the company. Investors are focusing on a potential long-term custom semiconductor procurement agreement with Google's parent company Alphabet worth up to $120 billion, with Marvell potentially receiving about 58.97 million warrant shares, each exercisable at $206.58 per share. The ASIC market is expected to grow at a 43% compound annual growth rate through 2035, outpacing the broader A

European stock markets opened lower today (August 24). The Stoxx 50 index fell 0.31%, Germany's DAX dropped 0.20%, France's CAC 40 declined 0.11%, and the UK's FTSE 100 slipped 0.01%.

On Aug 24, platinum and palladium spot prices rose during afternoon trading in Beijing. Platinum gained 1.15%, while palladium increased 0.43% as of 3 p.m. Beijing time.

Europe's major equity indices opened mixed on Monday (August 24). Germany's DAX 30 declined 0.15% to 26,089.00 points, while the UK FTSE 100 fell 0.01% to 10,815.00 points. France's CAC 40 slipped 0.06% to 8,479.41 points, and the Stoxx Europe 50 dropped 0.31% to 6,445.75 points. Spain's IBEX 35 gained 0.12% to 19,985.75 points, while Italy's FTSE MIB declined 0.13% to 52,600.00 points.

According to Goldman Sachs, China's semiconductor self-sufficiency rate in IC unit volume reached 70% as of June 2026, up from 38% in January 2010, the bank said in its fourth annual Chips Act report on August 24. Goldman Sachs raised its 2030 China semiconductor capital expenditure forecast to $82 billion, a 79% increase from its previous estimate. The bank projects China's AI chip market size will reach $678 billion by 2030, with a compound annual growth rate of 69% from 2025 to 2030.

According to ChainCatcher, on August 24, Alibaba completed an 80 billion Hong Kong dollar (approximately 10.2 billion USD) share offering pricing, attracting nearly 3-fold oversubscription with total bids exceeding 200 billion Hong Kong dollars. The company stated that 100% of the net proceeds will be allocated to full-stack artificial intelligence capabilities and infrastructure development. Sovereign and long-term funds accounted for over 40% of final subscriptions, with major sovereign wealth

According to Odaily, D2 Finance publicly raised five concerns regarding Tori Finance's approach to covering a $454,000 USDC loss from the Term Finance governance incident. The questions focus on Tori Finance's decision to mint 250,500 trUSD instead of using existing reserves, the collateral source for the minting, the involvement of Kraken's hot wallet for half the funds, and a buffer of only $17,600 (approximately 3 basis points). Tori Finance and RockawayX previously stated the loss had been f

According to Yonhap Infomax, the USD/JPY exchange rate traded near 158.89 yen on August 24, down 0.03% from the previous session amid strong dollar-selling pressure from Japanese exporters. The pair fluctuated in the late-158 yen range throughout the day. Initial gains from Middle East-related uncertainty were offset by selling demand from exporters and declining crude oil prices. October WTI crude fell 1.69% to $85.59 per barrel. Downside for the yen was limited by ongoing Middle East tensions

According to Money Today on August 24, South Korea's single-stock leveraged and inverse ETFs saw trading volume plunge 92% after regulators tightened investment requirements on July 31. Daily trading volume for Samsung Electronics and SK Hynix-linked products dropped from 12.4 trillion won on July 30 to 977 billion won by August 21, following the increase of minimum deposit requirements from 10 million won to 30 million won in cash. Financial Times reported that while Korean market momentum has

U.S. crude oil futures fell over 2% intraday on August 24, trading at $85.23 per barrel and hovering near the lowest level in four trading sessions.

Palladium futures gained 2% intraday, trading at 466.70 yuan per gram.

According to The Information on Sunday (August 23), Nvidia is in discussions to invest billions of dollars in Perplexity as part of an equity financing round that would value the AI startup at over $300 billion. This represents a more than 50% valuation increase from Perplexity's prior funding round a year ago. The startup's annualized revenue has surged to over $750 million from less than $250 million at the start of the year, with growth partially driven by its Perplexity Computer product.

On August 19, South Korea's Financial Intelligence Unit (FIU) issued supervision regulations restricting virtual asset transfers to personal wallets. High-risk transactions will be prohibited, with transfers limited to wallets under the customer's own name. The rules codify what was previously self-regulated by crypto asset businesses. For overseas exchanges, the FIU established a three-tier risk classification system: low-risk exchanges may conduct transfers if they comply with international AM

According to Grayscale's Form 8-K filed on August 21, the Grayscale Zcash Trust is anticipated to begin trading on NYSE Arca on or about August 25 under ticker ZCSH, subject to regulatory approvals. Amendment No. 5 to the trust's Form S-3, filed the same day, sets the sponsor's annual fee at 2.5% of the net asset value basis. The trust held approximately US$155.16 million in net assets as of June 30, with Coinbase Custody Trust Company holding the ZEC and Bank of New York Mellon serving as trans