Gate Crypto Flash News and Market Updates

According to The Information and Nvidia's statement on August 22, Nvidia denied reports that it planned to ship a customized AI chip to Chinese customers by year-end. The company's spokesperson clarified: "The Information's report about Nvidia's LPU is inaccurate. We currently have no LPU sales in China, and there is no LPU product for the Chinese market in our product roadmap." The Information had reported the chip was a variant of Groq 3 LPU unveiled at the company's GTC event in March, develo

According to Korean securities data, South Korean retail investors made net purchases of approximately $85.61 million (118.5 billion Korean won) in Roundhill Memory ETF in a single week, marking it the second-largest net inflow among overseas individual stocks and ETFs during the period. The ETF primarily invests in major memory chip companies including Samsung Electronics, SK Hynix, and Micron. The buying surge follows a recent rally in the memory chip sector, with SK Hynix and Samsung Electron

According to the Israeli Defense Forces, the military recently opened fire on a terrorist preparing an attack in southern Syria. The individual's activities posed a direct threat to IDF soldiers, the military said.

According to SoSoValue data, Bitcoin spot ETFs recorded a combined net inflow of $307 million on August 21 (yesterday), marking the fifth consecutive day of inflows. BlackRock's IBIT led the gains with $239 million in single-day inflows, followed by Fidelity's FBTC with $30.19 million. Bitcoin spot ETF assets under management reached $96.07 billion, representing 6.17% of Bitcoin's total market value. Cumulative historical inflows have reached $53.71 billion.

According to Saudi satellite TV, Iran's deputy parliament speaker stated that a new oil pipeline being built by Gulf states aims to weaken the strategic importance of the Strait of Hormuz. He added that any attempt to lower oil prices constitutes hostile action against Iran.

According to BlockBeats and on-chain analyst Ai Yee (@ai9684xtpa), a whale that withdrew 4,819 ETH from OKX in late February at an average price of $1,941.28 deposited its remaining 3,619 ETH to an exchange 30 minutes ago and sold all holdings at an average price of $2,290, realizing an estimated profit of $2.29 million.

According to ChainCatcher, citing onchain analysts, a whale liquidated its remaining 3,619 ETH half an hour ago on August 22. The whale had accumulated 4,819.11 ETH at an average price of $1,941.28 in late February, selling the entire position at an average price of $2,290, realizing an 18% return or approximately $1.68 million in gains.

According to Fundstrat co-founder Tom Lee's analysis, Bitcoin mining stocks have weakened their correlation with BTC as they pivot toward AI data centers. Over a 90-day period, Strategy maintained 78% correlation with Bitcoin, while Core Scientific, Cipher Mining, TeraWulf and Hut 8 registered only 16%, 17%, 18% and 19%, respectively. Core Scientific's Q2 revenue reached $164.2 million, with $136.7 million from colocation and AI contracts versus just $21.5 million from self-mining. TeraWulf's fi

Nvidia shares closed Friday at $214.75, extending a six-session losing streak—the longest since 2022. The stock has declined approximately 4.7% from its Aug. 13 close of $225.30. The company will report fiscal second-quarter results on August 26, with guidance for approximately $91 billion in revenue, plus or minus 2%, following first-quarter record revenue of $81.6 billion. Wall Street maintains a Strong Buy consensus, with Bank of America keeping a $350 price target.

According to China's Ministry of Commerce, foreign direct investment (FDI) in China's high-tech industries surged 32.7% year-over-year in the first seven months of 2026, reaching 182.31 billion yuan. High-tech industries accounted for 41.6% of total national FDI, up 12.2 percentage points from the same period last year. Overall, China attracted 438.33 billion yuan in FDI during the period, with service sectors receiving 319.95 billion yuan and manufacturing sectors 109.43 billion yuan.

According to CCTV, former Japanese PM Shigeru Ishiba attended an anti-war lecture in Tokyo on August 21, calling for Japan to confront its war history through objective, scientific analysis rather than ideology. Ishiba stated that the country must face its own issues and avoid rehashing historical disputes to prevent repeating past mistakes.

According to Palestinian Deputy President's recent statement, Hamas will not participate in elections under its own name and will not become part of the government, as outlined in U.S. President Donald Trump's plan.

Solana is testing the critical $96-100 resistance zone this week, marking its strongest weekly advance in months and producing its first green weekly momentum signal. A confirmed breakout above $100 could expose upside targets at $116, $137, and $164, with bulls targeting $200. If Solana fails to close above the $96-97 resistance, it could retreat toward $80 and the June base near $66.

Palestinian Vice President reaffirmed on August 22 that the decision to hold legislative elections in November 2027 will not be changed.

According to Newsmax host Carl Higbie's Aug. 20 interview with Vice President JD Vance, Vance did not directly address XRP when asked whether a national cryptocurrency reserve could help offset U.S. debt. Higbie referenced President Trump's March 2025 proposal to include XRP, bitcoin, and other digital assets in a strategic reserve and asked if the government planned to use those assets against the national debt, which exceeded $40 trillion in August. Vance instead discussed a proposed sovereign

According to Reuters, Brent crude closed at $94.39 per barrel Friday, gaining 6.4% during the week, as oil markets braced for new U.S. sanctions on Iran set to be announced Monday. West Texas Intermediate closed at $87.06, recording a weekly increase of 5.7%. Treasury Secretary Scott Bessent is expected to disclose a comprehensive sanctions package targeting Iranian oil sales, shipping networks, and financial institutions. Shipping through the Strait of Hormuz has collapsed in advance of the ann

According to CCTV International, Iran's Joint Chiefs of Staff Commander Abdullah inspected an underground defense industrial production facility today (August 22), stating the sector achieved notable progress in production speed and quality over the past year. He noted that Iranian defense industries have produced equipment with improved performance and higher quality, with output significantly exceeding previous levels.

According to China's National Immigration Administration, as of August 20, Kyrgyzstani and Vietnamese citizens holding ordinary passports can enter China visa-free from 65 designated ports for transit to third countries, with authorized stay not exceeding 240 hours. The policy now applies to 57 countries. On the first weekend since implementation, multiple Vietnamese tourists arrived in Guangxi and Shandong provinces.

Samsung Electronics' subsidiary GlaSSEM faces delays in scaling glass substrate production as customer reliability testing encounters challenges, with mass production now targeted for 2028 or later, according to supply chain sources reported in late August. The joint venture, established with Japan's Sumitomo Chemical subsidiary, initially planned equipment procurement in late 2025 but has postponed orders multiple times. Meanwhile, Intel and Corning-supplier Corning have pushed forward TGV (thr

According to BlockBeats, ARK Invest founder Cathie Wood stated on August 22 that Bitcoin is preparing for a major price rally and reiterated her $1.5 million price target for the asset. Wood has consistently held this long-term outlook despite early skepticism from the broader market. She attributes her bullish Bitcoin thesis to three core pillars: institutional adoption, fixed supply, and Bitcoin's evolution as a genuine digital store of value. Additionally, Wood has previously cited U.S. gover