Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
10:52

USDC Captures 99% of AI Payments, Transaction Share Climbs to 60% in 2026

According to Coinfomania, Circle CEO Allaire disclosed that USDC holds a 99% share of AI-driven machine transactions. Additionally, Bernstein research cited by Cointelegraph showed that USDC's adjusted stablecoin transaction volume surged from approximately 40% in 2025 to exceeding 60% in 2026 to date, overtaking Tether's USDT by that measure despite USDC remaining smaller by total market capitalization. The growth reversed six months of stagnant trends, with USDC supply expanding roughly $2 bil
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10:52

Coinbase Selects Chainlink to Price Four Stock Tokens on Base

Coinbase has selected Chainlink as the oracle infrastructure for its tokenized stocks on Base, starting with products linked to Apple, Alphabet, Meta and Nvidia. Trading is now available through 1inch, while Aave Labs describes stock-backed lending as coming with Aave V4 on Base. The Chainlink feeds provide decentralized applications with reference pricing for trading and collateral, though the lending market remains in risk-assessment phase. Distributed tokenized-equity value reached $2.3 billi
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LINK-0.27%
1INCH-0.07%
AAVE-4.88%
10:52

Altcoin Market Cap Surges $215 Billion in 72 Hours, Total2 Crosses $1 Trillion

Between August 19-22, altcoin market cap excluding Bitcoin and Ethereum (Total2) surged by approximately $215 billion in 72 hours, crossing above the $1 trillion mark for the first time in weeks, confirmed by multiple market trackers. About 56% of Binance-listed altcoins now trade above their 200-day moving average, up sharply from November levels. Altcoin ETFs pulled in nearly $90 million in net inflows during the week ending August 21, with XRP leading at $39.78 million, followed by Solana at
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BTC1.83%
ETH0.16%
XRP-0.18%
SOL4.98%
LINK-0.27%
10:49

Raymond James Upgrades AMD to Strong Buy on Tuesday, Raises Price Target to $641

According to Raymond James, Advanced Micro Devices (AMD) stock received an upgrade to 'Strong Buy' from 'Outperform' on Tuesday, with the investment bank raising its price target to $641 from $565, implying over 40% upside potential from Monday's close of $456. The firm projects AMD's server CPU revenue will grow at a 44% compound annual growth rate through 2030, positioning the company as 'the strongest combination of direct earnings leverage, data center positioning and market-share gains.' BM
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10:44

Shanghai Targets Chip, AI, and Seven Other Industries to Boost Export Competitiveness

According to Guru Club, Shanghai's municipal government released the "15th Five-Year Plan for Accelerating International Trade Center Construction" on August 25, which prioritizes eight key sectors to strengthen export advantages: integrated circuits, artificial intelligence, biopharmaceuticals, new-energy vehicles, green power equipment, shipbuilding and marine engineering, aerospace products, and electronic information. The plan aims to enhance enterprises' independent export capacity and expa
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10:43

UK PM Starmer to Meet Trump in September, First Face-to-Face Talks

According to Financial Times, UK Prime Minister Keir Starmer will meet U.S. President Donald Trump in September for their first face-to-face talks. Starmer confirmed he will attend the United Nations General Assembly in New York in September, with British officials also exploring the possibility of meeting Trump at the White House.
10:42

Former Bitget Executive Forest Bai Launches AI Trading App Mojo, Mainnet Debuts Aug 27

According to Foresight News, Forest Bai, former Bitget executive and co-founder of Foresight Ventures, launched AI trading app Mojo on August 27. The platform integrates data, research, decision-making, and trade execution through a single AI interface, supporting spot trading, RWA, perpetual futures, and Polymarket prediction markets. Users can express trading intent in natural language, and Mojo executes trades across platforms 24/7. Limited beta access begins August 27, with early slots distr
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10:40

Domestic Coking Coal Prices Rise to 2,575 Yuan/Ton on August 25; Coke Makers Plan Second Price Hike

According to Mysteelchina, domestic coking coal prices extended gains on August 25. Linfen medium-sulfur main coal averaged 2,407 yuan per ton, up 261 yuan from August 18, while Lüliang low-sulfur main coal hit 2,575 yuan per ton, up 562 yuan from August 11. Supply remains tight due to strict safety inspections limiting mine production, while coking plants plan a second round of price hikes as early as August 26 amid continuous margin pressure.
10:38

Two U.S. Democratic Senators Call for Pentagon Investigation Into Navy Ship Living Conditions on August 24

According to CNN on August 24, two influential Democratic U.S. senators called on the Defense Department to investigate living conditions aboard three naval vessels: USS Lincoln, USS Ford, and USS Lenah H. Sutcliffe Higbee (DDG-123). USS Lincoln and USS Ford have faced reports of clogged toilets, laundry room fires, poor living conditions, and multiple cases of personnel experiencing mental health crises. USS Lenah H. Sutcliffe Higbee lost electrical power in the South China Sea for four days in
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10:32

XRP Hits $12.5B in 7-Day Spot Volume as $2.89 Price Target Looms

According to X Finance Bull, XRP recorded more than $12.5 billion in 7-day spot volume across 10 major exchanges, signaling renewed momentum from the $1.00 region. Binance, Upbit, and Coinbase generated approximately $8.11 billion in combined volume, with OKX, Kraken, Bybit, Gate, Bitstamp, Bitget, and Crypto.com adding a combined $3.46 billion. Market analyst Diana flagged the $1.53-$1.64 resistance zone as a critical breakout level. A clean move above $1.64 could unlock rallies toward $1.79 an
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XRP-0.18%
10:32

Thailand Advances Bitcoin, Ether ETF Draft Rules, Seeks Feedback by Sept 20

On Monday (August 25), Thailand's Securities and Exchange Commission released draft regulations for locally listed spot Bitcoin and Ether ETFs and revised its approach to foreign digital asset custodians, according to the regulator's official statement. During the initial phase, asset managers can establish passive ETFs tracking Bitcoin (BTC) or Ether (ETH). The ETFs would trade exclusively on the Stock Exchange of Thailand and maintain average net exposure of at least 80% of their net asset val
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BTC1.83%
ETH0.16%
10:31

Global Liquidations Hit $85.89M in 4 Hours, Longs Hit Hardest: CoinGlass

According to CoinGlass, global cryptocurrency liquidations totaled $85.89 million in the past 4 hours, with long positions accounting for $73.61 million and short positions for $12.27 million. Bitcoin liquidations reached $41.10 million, while Ethereum liquidations hit $13.77 million.
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10:29

U.S. Plans 7.5% Tariffs on Chinese Goods Ahead of Trump-Xi Meeting; China Stocks Mixed on August 25

According to Bloomberg, the U.S. government plans to impose additional 7.5% tariffs on Chinese goods, citing overcapacity in China's manufacturing sector, ahead of President Trump and Chinese President Xi Jinping's scheduled meeting next month. This would raise Trump's second-term tariffs on China to approximately 20% total. On August 25, China's three major indices closed mixed: Shanghai Composite rose 0.19% to 3,889.45, Shenzhen Component fell 0.35% to 13,745.87, and ChiNext Index declined 1.0
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