Gate Crypto Flash News and Market Updates

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

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

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

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.

According to MSX.COM, U.S. storage chip stocks surged in premarket trading on August 25, with SanDisk rising over 4%, SK Hynix up nearly 4%, Western Digital rising 3.4%, and Micron gaining nearly 3%.

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

According to Hong Kong Stock Exchange filings, Alibaba Group Chairman Cai Chusheng increased his holdings by 720,000 shares on August 25 at an average price of 113.47 HKD per share, spending approximately 82 million HKD. This marks the second consecutive trading day of personal share purchases following Alibaba's recent share placement, bringing his cumulative purchases over two days to approximately 160 million HKD. On the previous day, Cai purchased 720,000 shares worth approximately 80 millio

According to BlockBeats, on August 25, whale "first 10 major targets" published an analysis suggesting MicroStrategy's shift from a "buy-only" policy was a critical bottom signal. The whale noted that in late July, MicroStrategy adjusted its Bitcoin and dollar reserves to optimize capital structure, signaling it had identified a stress-testing threshold. When Bitcoin subsequently declined to $58,000 followed by negative pressure from hardware wallet security concerns, the $60,000 level held firm

According to Thai officials, the USS Abraham Lincoln aircraft carrier will dock in Thailand next week, following its recent deployment to the Iran war zone.

According to CoinDesk, the U.S. Treasury Department expanded sanctions against Iran on August 25, adding cryptocurrency, gold, shipping, and technology services. The sanctions target individuals including Ivan Obukhov, who the U.S. alleges processed over $100 million in cryptocurrency transactions for Iran's Islamic Revolutionary Guard Corps Quds Force (IRGC-QF) oil sales division since 2023. Affected entities and individuals face asset freezes and trading restrictions.

President Trump announced on Monday that tariffs on all Canadian automobiles, trucks, auto parts, and steel will increase to 50% effective January 1, 2027. The announcement comes amid ongoing tensions with Canada over trade practices. Trump stated that Canada has been "taking advantage" of the United States for years and that the new tariffs aim to level the playing field.

According to Binance announcement, the exchange will launch spot trading for USDC/ARS, ACE/USDC, and PUMP/U trading pairs on August 26, 2026 at 16:00 UTC+8. Binance will simultaneously open spot algorithmic trading (Trading Bots) functionality for these pairs.

According to BIT market data, Nasdaq-100 index futures rose over 1% in pre-market trading on August 25, while S&P 500 futures gained 0.53% and Dow Jones futures advanced 0.47%.

According to Jin10, Shanghai's municipal government released a development plan on August 25 aimed at accelerating international trade center construction. The plan advances offshore trading capabilities by promoting pilot programs for offshore trade financing under free trade accounts and deepening implementation of offshore trade stamp tax policies. The government also plans to enhance foreign exchange convenience for offshore trade settlements while balancing compliance review and service eff

According to Scotiabank, Canada's GDP growth is forecast to slow to 0.9% in 2026 before accelerating to 2.2% in 2027, the bank said.

According to Scotiabank, U.S. GDP growth is forecast to slow to 2% in 2026 and decline further to 1.9% in 2027, according to the Canadian bank's latest economic outlook.

Shanghai's municipal government released its 2026–2030 development plan on August 25, which includes expanding trading volumes for copper, aluminum, and other key metals, and accelerating the establishment of futures contracts for emerging metals including lithium, cobalt, and nickel. The plan also aims to enhance services for new energy commodities and promote greater internationalization of commodity derivatives through direct access for overseas traders and new renminbi-denominated products.

Gate News message, Bitcoin ETF monthly net inflows reached $2.72 billion in August, marking the strongest month of 2026. Last week's Bitcoin ETF inflows totaled $1.92 billion, approaching April's previous 2026 monthly peak of $1.97 billion.

According to HTX, BNB broke $700 to trade at $700.19, down 0.02% in 24 hours.

According to a Wall Street Journal op-ed published on August 24, legendary macro investor Stanley Druckenmiller, Treasury Secretary Scott Bessent's former mentor, criticized the Treasury's August 19 decision to double long-dated bond buybacks from $2 billion to $4 billion per operation, calling it price management rather than routine liquidity management. The market has validated Druckenmiller's thesis: the 30-year Treasury yield, which initially fell on the announcement, has since rebounded to