Gate Crypto Flash News and Market Updates

According to Al Jazeera, air raid sirens sounded in Kyiv today as the Ukrainian government warned of a possible missile strike.

According to Orient Greenland's recent institutional briefing, the company strategically accumulated bitumen reserves at multiple price levels during the first half of 2026, effectively reducing its overall inventory costs amid rising commodity prices. Combined with coordinated product price increases across the industry, the company offset cost pressures from surging raw materials, lifting its engineering channel gross margin by 2.81 percentage points year-over-year.

According to Coinglass data cited by ChainCatcher, over 283,000 traders were liquidated in the past 24 hours with $1.675 billion in cumulative losses across global derivatives markets. Long positions accounted for $858 million in liquidations while short positions saw $816 million. The largest single liquidation occurred on Hyperliquid's BTC-USD market, totaling $24.96 million.

According to on-chain analysis platform Lookonchain, a whale address (bc1qsy) dumped 2,700 BTC worth approximately $211.8 million in a recent transaction. Over the past 3 days, the same address has sold a combined 7,700 BTC, totaling approximately $576.6 million.

According to BlockBeats, citing Coinglass data, global cryptocurrency markets saw $1.675 billion in liquidations over the past 24 hours on August 22, with 283,359 traders liquidated. Long positions accounted for $858 million of the total, while short positions represented $816 million. The largest single liquidation occurred on Hyperliquid's BTC-USD market, valued at $24.96 million.

According to BlockBeats, on August 22, Bitmine's unrealized loss on its Ethereum holdings narrowed to $5.408 billion. The company holds 5,815,164 ETH with an average cost of $3,366 per coin. At the current price of $2,436 per ETH, the loss has contracted from a previous peak exceeding $10 billion.

According to Ukrainian military, Ukrainian forces struck the Novokuybyshevsk oil refinery last night on August 21. The facility is a key petroleum processing site in Russia's Samara region.

According to Offchain Labs materials, the company is developing zero-knowledge proof integration into Arbitrum's BoLD settlement protocol to reduce withdrawal times from seven days to a few hours. The system would combine ZK fast confirmations with Arbitrum's existing optimistic fraud proofs, preserving the network's security model while adding a faster settlement layer. The upgrade is not yet live on mainnet and requires DAO governance approval before deployment.

According to ChainCatcher, BitMEX co-founder Arthur Hayes clarified that Flop Labs has not issued any tokens, with no pre-sale or memecoin currently in circulation. There is no $FLOP token at present. Hayes stated that token distribution will begin in the coming months, with official announcements to follow at that time.

According to Bloomberg, as of March 2026, the performance gap between U.S. and Chinese AI models has narrowed to 2.7%, with competition shifting from raw capability to cost efficiency. China's Kimi K3 model scored 60 points on Artificial Analysis benchmarks, approaching Anthropic's Claude Fable 5 at 62 points. More significantly, Kimi K3 costs approximately 0.84 USD per intelligent task versus Fable 5's 2.75 USD, representing a 69% cost advantage. Similarly, Zhipu's GLM-5.3 achieved the same 60-

According to BlockBeats, on August 22, the U.S. Department of Treasury expanded its long-duration debt buyback program, causing the 30-year Treasury yield to decline from a 19-year high of 5.34% to approximately 5.19%. Bitcoin surged about 25% within days, briefly breaking through $79,000, with approximately $4 billion in cryptocurrency short positions liquidated during the rally. The Treasury previously announced increasing the maximum maturity bond buyback operation size from $2 billion to $4

According to CNBC, Bridgewater Associates founder Ray Dalio warned yesterday (August 21) that the U.S. faces a potential debt crisis within 1-5 years if current fiscal and monetary policies continue. Dalio estimated the U.S. government's annual revenue at approximately $5.5 trillion against spending of $7.5 trillion, creating a $2 trillion annual deficit. He noted that net annual interest costs alone reach about $1 trillion, with roughly $10 trillion in debt requiring refinancing. To mitigate ri

According to The Sandbox, on August 22, a cross-chain bridge vulnerability affecting SAND on Base and BNB Smart Chain (BSC) was confirmed and contained. The vulnerability allowed attackers to mint unsupported SAND tokens on both networks. Ethereum and Polygon SAND remain unaffected, with less than 0.01% of total SAND supply impacted. User wallets were not compromised. The Sandbox has disabled SAND cross-chain functionality on both networks and isolated the affected tokens. SAND on Base and BSC c

According to Coinglass data reported by Foresight News, global cryptocurrency markets saw $546 million in liquidations in the past hour, with $468 million from long positions. Ethereum accounted for $117 million, followed by Solana at $71 million, Bitcoin at $62 million, and XRP at $61 million.

According to job postings, SpaceX is hiring a trader to build and lead a natural gas trading team as the company's fuel and power needs grow. The role covers physical and financial natural gas trading, with positions available in Cape Canaveral, Florida, or Starbase, Texas. Earlier this month, SpaceX announced plans to build gas-fired power plants for a large semiconductor manufacturing facility under development in Texas. The company also plans to build its own gas pipelines and is considering

According to BlockBeats, on August 22, Strategy holds 840,447 Bitcoin with a total cost basis of $63.36 billion and an average entry price of $75,385. With Bitcoin trading at $77,430, the position has generated $1.719 billion in unrealized gains.

According to Iran's Defense Ministry spokesman Reza Taraei-Nik in an interview with Iran's state television on August 21, Iran's defense equipment and weapons production capacity has doubled over the past year despite attacks on some defense facilities. Taraei-Nik stated that Iran can simultaneously replace consumed military equipment on the battlefield while maintaining rapid production under its concurrent "production-while-fighting" model, making the defense industry a pillar of the armed for

According to Xinhua, Chinese Foreign Minister Wang Yi met with Indonesia's National Economic Coordinator Luhut Pandjaitan in Jakarta today (August 22). Wang Yi stated that China is willing to leverage bilateral dialogue mechanisms to deepen mutual trust and advance cooperation across sectors. China is committed to supporting Indonesia's development, encouraging Chinese enterprises to continue investing in the country, and helping Indonesia convert resource advantages into development momentum. W

According to Jin10, major technology and Chinese companies will announce financial results next week. U.S.-listed tech firms including Nvidia (NVDA) and Pinduoduo (PDD) are set to release earnings reports, while Hong Kong-listed companies such as Ideal Auto (LI), Bilibili (BILI), Meituan (03690), plus banking, airline, brokerage, and energy sector stocks will unveil quarterly results during the same period.

According to Coinglass data, whales on Hyperliquid hold $6.617 billion in positions today, with long holdings at 48.28% ($3.195 billion) and short holdings at 51.72% ($3.422 billion), translating to a 0.93 long-to-short ratio. Long positions are showing unrealized gains of $452 million, while short positions are down $468 million.