Gate Crypto Flash News and Market Updates

On August 24, Standard Chartered Bank announced it became the first bank to distribute HKDAP, a Hong Kong-dollar-backed stablecoin issued by Anchorpoint Financial. The London-listed bank will initially provide eligible institutional clients and partners with access to HKDAP, designed to maintain a one-to-one value with the Hong Kong dollar. Standard Chartered Bank (Hong Kong) is Anchorpoint's majority shareholder, while Standard Chartered Trustee (Hong Kong) holds HKDAP's reserve assets in trust

According to Wccftech, Chinese memory chipmaker Yangtze Memory Technologies (YMTC) faces significant constraints in meeting Apple's memory demand for China, with production capacity already booked through 2027 and utilization reaching 95%. YMTC's current monthly output of 200,000 wafers, set to increase to 300,000 by year-end 2026, would only satisfy 6.6% of Apple's estimated annual China-market memory requirement of 600 million GB. Goldman Sachs projects YMTC's memory output will reach 10 billi

According to Yahoo Finance and JPMorgan analyst Harlan Sur, Nvidia's forward price-to-earnings ratio stands at 24 times ahead of the company's earnings report on Wednesday, roughly in line with the S&P 500's 21 times despite Nvidia being one of the fastest-growing U.S. corporations. JPMorgan's report released Monday noted that historical earnings guidance beats of 4% above consensus have failed to drive stock gains, with shares typically declining 3-5% in the 7-30 days following guidance updates

According to Lookonchain, Michael Saylor's Strategy turned from over $9.5 billion in losses to over $4.7 billion in profits within a week as of August 25.

According to PANews, Zhiyue Technology (追觅) announced on August 25 that it is winding down exploratory-stage businesses and consolidating related technical assets and research outcomes into its core operations. The company confirmed its four primary strategic directions: smart home, outdoor gardens, smart mobility, and embodied AI. Zhiyue emphasized that its overall strategic direction remains unchanged and core business operations remain stable.

According to Onchain Lens, Fireblocks Custody transferred $28 million USD1 to Binance over the past 21 hours in three separate transactions: $10 million, $15 million, and $3 million.

According to venture capitalist Tomasz Tunguz (ChainCatcher), the AI infrastructure supply chain demonstrates a cascading bottleneck effect, with constraints transmitting sequentially from GPUs to memory, CPUs, and storage over years of production delays, pushing downstream costs higher. In early 2023, GPU constraints drove H100 rental prices above $9 per hour and reduced server shipments by 22%. Subsequent constraints cascaded to HBM, raising enterprise SSD prices 80% in a single quarter and DR

U.S. stock futures traded mixed late Monday night as investors awaited Nvidia's quarterly earnings report, July's personal consumption expenditures inflation data, and Federal Reserve Chair Kevin Warsh's speech at Jackson Hole scheduled for this week. Dow futures declined 0.04%, while S&P 500 futures gained 0.01% and Nasdaq-100 futures rose 0.07% at 11:03 PM EDT. On Monday's close, the Dow Jones Industrial Average advanced 0.26% to 53,417.16, while the S&P 500 and Nasdaq Composite declined 0.28%

According to Digital Asset's interview, BITSkrieg, a cybersecurity team from India's BITS Pilani K.K. Birla Goa Campus, has qualified for the finals of SCAN 2026, the world's first cryptocurrency tracking competition, advancing among 20 top teams selected from 416 global participants. The finals will be held on September 28 in Seoul. The team comprises four students with expertise spanning blockchain security, digital forensics, binary exploitation, and web vulnerability analysis. BITSkrieg has

According to Bloomberg, Apple plans to launch updated Mac mini models within the coming days, with M5 and M6 chip variants undergoing testing. The new Mac mini could debut before Apple's iPhone announcement expected in September, sources said. The refresh comes as Mac mini demand surges among users running AI applications locally. However, memory chip shortages are constraining supply; some customers face delivery wait times stretching weeks to months. The supply crunch has become a significant

According to securities filings, Paul Pelosi, husband of former House Speaker Nancy Pelosi, invested up to $13.5 million in Bloom Energy (BE-US) and Intel (INTC-US) in late July, with Bloom Energy as the primary focus. Pelosi purchased 15,000 shares of Bloom Energy and 200 call options on July 24 and 28, along with 10,000 Intel shares and 50 call options. Wall Street analysts forecast significant upside for Bloom Energy, with an average price target of $269, implying 38% upside from Monday's clo

According to Jin10, on Tuesday (August 25), offshore Chinese yuan Hong Kong Interbank Offered Rates (CNH HIBOR) showed multiple tenors moving higher. Overnight HIBOR rose 4 basis points to 1.42061%, marking its highest level since August 19. One-week HIBOR increased to 1.42303%, two-week HIBOR climbed to 1.43788%, and one-year HIBOR advanced to 1.66849%.

According to Odaily, EntropyIO announced completion of a $14 million funding round led by Ribbit Capital, and also secured $40 million in HYPE equity investment. The startup has built a liquidity-weighted oracle that enables perpetual futures trading of new assets including Anthropic, pre-IPO companies, and startups. Its first market launched on Hyperliquid with around-the-clock trading and deep liquidity.

According to BlockBeats, on August 25, Arthur Hayes announced that Maelstrom fund has reached maximum risk exposure, with core holdings including Bitcoin, Ether, Ethena, and Ether.fi. Hayes stated that regardless of whether U.S. Treasury Secretary Bessent increases dollar liquidity quickly or slowly, Bitcoin will continue to rise, though market volatility may intensify. He cautioned against using leverage unless one is a full-time trader, and noted that Bessent's recent expansion of long-term Tr

According to the Central Meteorological Administration, the agency issued an orange typhoon warning on August 25 at 10 a.m. for Typhoon Saderol (Category 15 super typhoon). As of 8 a.m. that day, the typhoon's center was located approximately 970 kilometers east of Taipei, Taiwan (26.0°N, 131.2°E) in the Northwest Pacific. The maximum sustained winds near the center reached 48 meters per second (Category 15), with central pressure at 945 hectopascals.

According to Kpler vessel tracking data, the number of commercial ships passing through the Strait of Hormuz fell to a 3-month low on August 24.

According to Pakistan's military statement, on Tuesday, Pakistan Army Chief Munir held consultations with Iran focused on preventing further escalation of conflict in the Middle East and reopening the Strait of Hormuz. The statement noted that discussions also covered regional peace and resolving disputes through negotiations.

According to ChainCatcher, on August 24, decentralized over-collateralized stablecoin USDD officially launched its Vault feature on Ethereum, allowing users to mint USDD using ETH and WBTC as core collateral assets. This expansion extends USDD Vault functionality from the TRON network to Ethereum, broadening the range of supported collateral and enabling mainstream asset holders to access USDD's ecosystem through additional entry points.

According to Hyperliquid Policy Center via ChainCatcher, the organization has submitted applications to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to confirm that equity perpetual futures can be listed as security futures. The CFTC began addressing the classification question in May, allowing the first batch of perpetual contracts to be listed as futures on U.S. exchanges. The requested confirmation aims to provide necessary regulatory c

According to Bitwise Asset Management President Teddy Fusaro, the Bitwise XRP ETF traded over $200 million across three sessions ending Aug. 24. Trading on Aug. 24 exceeded $80 million, while each of the prior two days saw over $60 million in volume, marking record trading days for the fund since its November 2025 launch. Trading volume measures secondary-market activity and does not represent net inflows into the fund.