Gate Crypto Flash News and Market Updates

According to The Block, Evernorth, XRP's treasury company, announced that its SEC S-4 form related to the merger with Armada has become effective, advancing its Nasdaq listing process.

According to Onchain Lens monitoring, Bitwise's BHYP wallet sent approximately 12.04 million dollars worth of HYPE to Hyperliquid over the past 6 days. The wallet transferred 145,170 HYPE tokens in total, with the most recent transaction of 82,580 HYPE (approximately $7.11 million) occurring 5 hours ago.

According to industry sources, on August 28, South Korean asset managers confirmed they will not participate in ETF trading on Korea Exchange's aftermarket set to launch September 14. Asset managers cited difficulties in securing liquidity providers and concerns over price divergence from spot markets. The decision affects over 1,000 ETF products with combined assets under management of roughly 500 trillion won. Meanwhile, alternative exchange NextTrade (NXT) is developing ETF trading capabiliti

According to Yonhapnews, on July 28, South Korea's state-run National Growth Fund approved equity investments in seven companies, including roboticist Woonjin Robotics, with direct funding of 150 billion Korean won through convertible preferred shares. Woonjin Robotics, a non-listed subsidiary 96% owned by listed parent Woonjin Holdings, is constructing a robot hand production facility in North Jeolla province and requires total capital increases of 350 billion Korean won. The fund's approval ma

According to Lookonchain data shared by ChainCatcher, an address received 440,000 HYPE tokens worth $37.25 million from FalconX 30 minutes ago.

According to Korea Economic Daily, Samsung BioLogics announced today (August 28) a 3 trillion won capital raise, prompting the stock to plunge 6.96% to 1.495 million won in early trading. The company said it will issue approximately 2.27 million new shares, representing about 5% of existing shares, at a discounted price of 1.322 million won per share with a 15% discount applied. Proceeds of 2.7062 trillion won will fund the previously announced acquisition of global peptide CDMO Polypeptide Grou

According to BitcoinTreasuries.NET, Strive CEO Matt Cole predicted on August 28 that Bitcoin could break $500,000 per coin within 4–5 years. Cole stated that the U.S. dollar is continuously depreciating and may lose value at a faster rate in the coming 4–5 years than it did over the past 15 years, meaning the same dollar would purchase less in the future. He also projected that precious metals like gold and silver would rise significantly during the period.

According to Chosun Biz, SK Hynix's NAND flash memory conversion has fallen behind rivals, with 176-layer products still accounting for roughly 50% of output as of Q2 2026. Samsung has completed its transition to 236-layer as its primary offering, while Micron's 232-layer accounts for 53% and YMTC reaches 68%, according to Omdia data. The lag has impacted SK Hynix's market position. The company's NAND revenue share dropped from 21.4% in Q4 2025 to 16.4% in Q1 2026, while YMTC advanced from 11.5%

According to GMGN data reported by Odaily, Solana meme coin fone surged to a $30 million market cap overnight on August 28, with a 58x gain in 24 hours. The token is currently trading around $23.56 million market cap.

According to SoSoValue data, HYPE spot ETFs saw net inflows of $24.421 million on August 27. Bitwise Hyperliquid ETF (BHYP) led with $23.219 million in single-day inflows, bringing its historical total to $149 million. HYPE spot ETF assets under management reached $467 million as of press time.

According to The Information, Anthropic plans to publicly disclose its registration statement after September 7 as it advances its initial public offering. The company is considering allowing existing shareholders to sell their stakes in the IPO.

According to Yonhapinfomax, on August 27, South Korea's government announced second-phase evaluation results for the independent AI Foundation Model project, with SK Telecom ranking first at 70.6 points while Motif Technologies fell short at 65.8 points. Despite scoring 11.9—the highest on the international AI Aggregate Index (AAII)—Motif was eliminated due to lower user evaluation scores. SK Telecom received 19.1 points in user evaluation compared to Motif's 14.1 points, giving SK a 4.8-point a

According to South Korea's Ministry of Science and ICT on August 27, SK Telecom secured first place in the second-stage evaluation of the nation's independent AI foundation model project with 70.6 points, followed by Upstage (69.9 points), LG AI Research Institute (69.0 points), and Motif Technologies (65.8 points). Despite Motif's top-tier performance in the global AI comprehensive benchmark (AAII at 11.9 points) and NIA benchmark for Korean language capabilities (12.7 points), the company rank

According to Nikkei Asia, SK Hynix Chief Executive Kwak Noh-Jung stated that global memory chip shortages are expected to persist through the end of 2030, with low risk of supply oversupply. He noted that in the AI era, memory chips are no longer mere commodities, and no signals of oversupply or industry downturn have emerged, as AI customer demand remains robust.

According to Bitwise, the Solana staking ETF BSOL recorded $126 million in trading volume on August 27, setting an all-time daily record. Over the past seven trading days, BSOL accumulated $500 million in total trading volume. Solana (SOL) traded at $108.8 at the time of reporting.

Gate News message, BlackRock-linked ETF wallets received 2,559.28 BTC (approximately $205.6M) over the past 9 hours. The wallets also received 9.34K ETH (approximately $23.53M), totaling around $229M in cryptocurrency accumulation.

Japan's Nikkei 225 index expanded its intraday gain to 1% on August 28.

According to Bloomberg, Kalshi, a prediction market platform, partnered with The Weather Company on August 28 to provide data verification and quality control for its weather contracts. The collaboration comes after data manipulation concerns at Paris Charles de Gaulle Airport highlighted vulnerabilities in weather contract reliance on official measurements. Kalshi's weather and climate contracts saw 500% trading volume growth year-to-date, with annualized trading expected to reach $1.1 billion,

According to GMGN data, Robinhood Chain ecosystem meme coin microduck surged to $3.04 million in market capitalization today, up over 718% in 24 hours.

South Korea's National Pension Service (NPS) posted a 27.2% investment return for the first half of 2026, the state-run pension fund announced.