Gate Crypto Flash News and Market Updates

On August 25, the Spanish government held a cabinet meeting to address the Ceuta migration issue, discussing economic and health measures as well as support for local residents. The government approved a draft bill aimed at reforming immigration and asylum legislation.

According to the TON Foundation, the legacy bridge at bridge-v3.ton.org will be permanently decommissioned on September 1. Users holding Wrapped TON as an ERC-20 token on Ethereum or BNB Chain, as well as j-tokens such as jUSDT on TON, must bridge their assets back to native forms before the deadline to avoid losing access. This is a planned infrastructure transition.

According to CoinDesk, citing Glassnode data, Bitcoin's recent climb to $80,000 was primarily driven by short position liquidations rather than fresh buyer demand. As short positions were cleared, Bitcoin futures open interest fell to 587,584 BTC, the lowest level in approximately five months, indicating reduced market leverage.

According to ChainCatcher, YZi Labs announced the selection of 24 early-stage companies for Season 4 of its flagship EASY Residency incubation program, with each receiving $500,000 in investment. The 10-week program will launch online before bringing founders together in Bhutan. The cohort focuses on next-generation global financial infrastructure, including stablecoin payments, on-chain foreign exchange, institutional-grade market infrastructure, privacy, credit, and AI-native execution.

According to its public announcement on Aug 25, Shenzhen Zhonghua A stated that its precious metals jewelry business focuses on design, processing, and supply services to downstream brands and distributors rather than retail operations. The company reported a gross margin of 7.59% in the first half of 2026, noting that gold price fluctuations have limited direct transmission to its earnings. The firm flagged that raw material price volatility, driven by domestic and global economic conditions, m

According to an announcement on August 24, Nvidia's Groq 3 LPX rack entered full production and will be online later this year, marking the commercial realization of the chipmaker's $20 billion Groq asset acquisition, Nvidia's largest acquisition on record. The Groq 3 LPX rack can deliver 3,400 tokens per second, a metric central to low-latency AI inference and responsive AI agent performance. All eyes remain on the chipmaker ahead of its earnings report tomorrow, as Nvidia shares have fallen fo

According to Ukraine's General Staff, Ukrainian forces struck multiple Russian military targets overnight on August 24-25, damaging military equipment including a Mig-29 fighter jet. The operation targeted various sites, with detailed damage assessments disclosed through the General Staff's social media statement on August 25.

According to Bank of America, Canada Goose's effective tariff rate on U.S. imports surged to 41.4% from 4.3% this weekend when a 50% tariff on Canadian goods took effect. Wells Fargo analysts also noted on Monday that the prospect of a warmer winter courtesy of El Niño is not favorable for the outerwear business, adding to headwinds for the company that has struggled to grow in recent years.

On Aug. 24, US spot Bitcoin ETFs attracted $338 million in net inflows, with BlackRock's iShares Bitcoin Trust (IBIT) capturing $209 million, or 62% of the day's total. This reinforced BlackRock's lead in the US spot Bitcoin ETF market as Bitcoin remained above $80,000.

According to ING commodities strategist Ewa Manthey, reported by Kitco News, gold prices have surged above $4,600 per ounce, driven by renewed investment demand and growing concerns over the U.S. fiscal outlook. The move followed the U.S. Treasury's decision to increase purchases of longer-dated government debt, with buyback operations in the 10-to-30-year segment rising from $2 billion to at least $4 billion. Global gold-backed ETFs attracted $3 billion in July, lifting holdings by 23 tonnes ac

According to a joint statement from the Israeli Defense Forces (IDF) and Shin Bet on August 25, Israeli forces conducted multiple airstrikes on Gaza on August 24, destroying 5 Palestinian Hamas weapons caches and 1 launch site.

According to He Yi, Binance co-founder, Binance Wallet handles approximately 75% of overall wallet transaction volume and processes more than $13 billion in transactions daily, as announced on August 25. The wallet employs multi-party computation (MPC) architecture to enhance asset security and account recovery capabilities, and includes features such as incorrect address protection, malicious contract warnings, and high-risk token/network alerts.

Canada's Minister of International Trade, Leblanc, announced today that the government plans to unveil retaliatory tariffs in response to U.S. trade measures.

According to ChainCatcher, on August 21, Binance and Coinbase received combined stablecoin inflows of approximately $3.47 billion, with Binance accounting for $2.026 billion and Coinbase $1.447 billion. The two exchanges' combined inflows represented over 50% of total market stablecoin inflows that day, marking the largest single-day inflow volume in recent weeks.

According to ChainCatcher, JPMorgan Chase reiterated its overweight rating and $240 price target for SpaceX, citing increased confidence in Grok artificial intelligence prospects. Cursor, acquired by SpaceX, generates approximately $4 billion in annual recurring revenue, with 75% sourced from enterprise business, and JPMorgan expects it to enhance SpaceX's enterprise AI strategy and Grok performance.

According to BlockBeats, on August 21, Binance received $20.261 billion in net stablecoin inflows and Coinbase received $14.472 billion, marking the largest single-day stablecoin inflow in recent weeks. The combined inflows from both platforms accounted for over half of total market stablecoin inflows on the day.

The KOSDAQ index closed at 827.15 today, up 1.70 points from the previous trading day, after rebounding from an intraday low of 781.89. Seven out of every 10 KOSDAQ-listed stocks have advanced so far this month, though only one-quarter of those rising stocks have outpaced the index's gain.

According to an interview with Newsmax on August 21, Vice President JD Vance revealed Treasury Secretary Scott Bessent's strategy to address the soaring U.S. national debt, which surpassed $40 trillion last week. Vance stated the administration's approach focuses on making the economy grow faster than the debt. When asked about President Trump's proposed crypto reserve, Vance did not mention cryptocurrency as a viable instrument and instead emphasized the sovereign wealth fund plan as a possible

According to The Energy Mag's analysis as of Monday (August 25), a Bitmain Antminer Z15 Pro mining Zcash generated an estimated $727.30 in gross revenue per megawatt-hour of electricity—approximately 3.3 times the industry-average HPC yield of $222.73 per MWh and 4.5 times the $162.11 estimated for Bitmain's latest-generation Antminer S23 Pro Bitcoin miner. Zcash gained roughly 70% over the past seven days and traded as high as approximately $890, surpassing prior market peaks on its practical t

Israeli Prime Minister Benjamin Netanyahu announced today (August 25) that Israel will evacuate the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) office located in Kafr Aqab, Jerusalem, effective immediately.