Gate Crypto Flash News and Market Updates

According to BlockBeats, Saudi Arabia is leading the Mecca Accord on August 26, a regional security framework being developed with Turkey and Pakistan, with considerations to invite Iran to participate. The accord aims to establish a collective security mechanism where any armed attack on a member state is treated as an attack on all members. The development has implications for the petrodollar system. Historically, the U.S. maintained the petrodollar arrangement by providing military security g

According to Cointelegraph, MEXC has recommended MiCAR-authorized Bybit EU as the alternative platform for Dutch users as the exchange prepares to exit the Dutch market. Bybit EU holds a full license under the EU's Markets in Crypto-Assets Regulation (MiCAR) and can provide compliant services in relevant jurisdictions.

According to Coinglass, Binance recorded net outflows of $230 million in USDT in the past 24 hours.

According to ChainCatcher, Kamino, a DeFi protocol on Solana, launched Kamino Fixed Rates, a framework for on-chain fixed-term and fixed-rate lending. The private testnet is now live, with public launch planned for Q3 2026. The product provides borrowers and lenders with pre-locked terms and interest rates. Kamino has also released a light paper outlining the product design and mechanics.

According to BlockBeats, the three-times leveraged semiconductor ETF SOXL (Direxion) attracted nearly $7 billion in net inflows during July and the first two weeks of August, bucking broader weakness in chip stocks. As of August 24, SOXL traded at $111.16, down over 60% from its $302 peak reached in June, while tracking the NYSE semiconductor index including Nvidia, Micron, AMD, and Broadcom. The contrarian inflow pattern reflects ongoing investor appetite despite diverging institutional views.

According to ChainCatcher, Oro, a financial AI platform that transforms user intent into multi-step execution, announced the completion of a $3 million strategic funding round led by MH Ventures and Mapleblock Capital, with participation from M2M Capital, Archer Capital, and X21 Digital. The company has raised a total of $4 million to date. Oro operates on a non-custodial basis, converting natural language prompts into multi-step transaction paths. The platform has over 350,000 independent activ

According to Cryptonomist, Solana-based perpetual futures platforms surpassed $1.08 trillion in cumulative trading volume, with Jupiter Perps and Drift Protocol driving the majority of activity. Jupiter Perps alone accounts for roughly 80% of trading volume, leveraging its integration with Solana's swap router for distribution advantage. By May 2026, weekly perpetual futures volumes on Solana reached $20 billion. Drift Protocol operates a hybrid order book and automated market maker venue, offer

According to Nikita Bier, former X head of product, the platform announced on August 25 a new buy button feature for its timeline that will enable users to buy and sell cryptocurrency without leaving their feed. The feature builds on X's existing Cashtags tool, which displays live price charts for tokens like Solana and Ethereum directly inside posts. Cashtags generated approximately $1 billion in trading volume within 48 hours after its April debut for iPhone users in the US and Canada. X has a

The Blockchain Association urged five federal financial regulators on August 21 to limit stablecoin customer identity checks to direct relationships between issuers and customers, warning that extending requirements to peer-to-peer transfers could "cripple the industry." In a comment letter to the Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, and the National Credit Union Administration, the cr

Rain Protocol, the permissionless infrastructure for prediction markets, has permanently burned 7,419,354,838 $RAIN tokens following the close of its first DAO Credit Refund settlement claim window. The burned tokens were valued at approximately $108 million at the time of the burn and represent 1.035% of the circulating $RAIN supply. The burn concludes a governance process initiated after Rain Foundation identified coordinated activity by participants using multiple wallets to bypass the progra

According to Lisk founder Max Kordek, Lisk Chain will shut down on October 31, 2026, as the platform pivots to enterprise treasury management services supporting multi-currency operations across jurisdictions. The closure marks the end of Lisk's blockchain ecosystem. Lisk will destroy 100 million LSK from its DAO treasury, reducing total token supply from 400 million to 300 million. The platform is collaborating with Celo to provide migration pathways for on-chain DApps, developers, and projects

According to Odaily, predict.fun launched a prediction market for Shein's IPO closing valuation today. The platform allows users to place predictions on the company's market value at IPO close.

According to a Truth Social post on Aug 25, President Trump criticized Canada for imposing tariffs exceeding 400% on U.S. farmers and pushing out numerous U.S. companies from business. Trump claimed Canada had refused to certify Gulfstream business jets for 10 years until his intervention, favoring Canadian competitor Bombardier instead. He called Canada the most difficult and irrational country to deal with among trading partners.

According to Arkham, Bitwise clients have purchased Solana (SOL) for five consecutive days through August 26, with the latest purchase worth approximately $25 million. Since the launch of Bitwise's BSOL ETF, clients have accumulated net purchases of SOL totaling roughly $948 million.

According to U.S. Treasury Secretary Bessent, the Iranian leadership has acknowledged that economic pressure is effective in constraining the regime. The Trump administration will continue to cut off the economic lifelines supporting Iran's government until Tehran faces international isolation.

According to CCTV, U.S. artificial intelligence companies are advancing efforts to enter Japan's defense market. Recently, representatives from a U.S.-based AI firm demonstrated an AI-powered drone training simulation at a secure facility near New York, which the company is now seeking to introduce to Japan in collaboration with a Japanese military consulting firm that works with the Japanese government.

On Tuesday (August 25), as European markets closed, ICE UK natural gas futures declined 4.2%, while TTF Dutch natural gas futures fell 2.98%. In the same period, ICE EU carbon emission allowance futures rose 0.67%.

According to ChainCatcher, Bitwise launched tokenized stock automated portfolios (ATP) on August 25, allowing qualified investors outside the U.S. to hold and auto-rebalance a basket of U.S. stocks in their crypto wallets using Coinbase's recently launched tokenized stocks. The initial portfolios include configurations focused on artificial intelligence, robotics, and an expanded version of the "Magnificent Seven" U.S. stocks—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla at equal w

SpaceX has selected a new Starship launch facility site in Louisiana recently. The facility will support the company's next-generation rocket program expansion.

According to Citrini analyst Jukan on August 26, OpenAI's Jalapeño AI chip may struggle to scale deployment to the level of Nvidia's Rubin platform if it relies entirely on Samsung for HBM4 (high-bandwidth memory) supply. Jukan suggested that to expand Jalapeño further, OpenAI could lower HBM4 speed specifications to adopt products from alternative suppliers, easing supply chain bottlenecks. Separately, BlockBeats reported the chip beat Nvidia's GB200 and GB300 in InferenceX benchmarks, deliveri