Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
16:47

Solana SGP-0002 Passes with 67% Vote as Helius CEO Secures Last-Minute Kraken Support

According to Bitcoin.com News, Solana validators approved Governance Proposal SGP-0002 to double the disinflation rate, reducing inflation by increasing the rate from -15% to 30%. The proposal secured 176.29 million SOL (67%) in favor, 66.19 million SOL (25.16%) against, and 20.63 million SOL (7.84%) abstaining. Helius CEO Mert Mumtaz was instrumental in passing the slim-margin vote, pushing Kraken to shift its vote to Yes in the final hours. "After 500 calls in the past few hours we got all the
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SOL0.52%
16:42

Bitcoin Falls 2.5% to $77,588 After Warsh's Hawkish Jackson Hole Speech

According to Bitcoin.com, Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole Economic Policy Symposium keynote on Friday, August 29, prompted Bitcoin to fall 2.5% to $77,588. Warsh stressed that the U.S. central bank has "work to do" and that forward guidance had "overstayed its welcome," pushing rate hike odds from 35% to the mid-50s. Bitcoin briefly dipped below $77,000 following the speech. U.S. spot Bitcoin ETFs recorded $202 million in outflows Friday, snapping a nine-day inflow strea
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BTC0.50%
16:38

Qatar and Turkey Foreign Ministers Hold Phone Call to Ease Middle East Tensions on August 30

According to Jin10, Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani and Turkish Foreign Minister Hakan Fidan held a phone call on August 30 to discuss efforts to ease tensions and strengthen regional security and stability. Qatar's Foreign Ministry stated that during the call, Al-Thani reiterated Qatar's support for diplomatic efforts aimed at achieving solutions that ensure freedom of maritime navigation and promote a lasting regional peace agreement.
16:31

Trump-Promoted GOLD Token Collapses Within Hours, Losing 99% Value from $50M Market Cap

According to blockchain analytics platform Lookonchain, the GOLD token, promoted by Real Trump Coins brand on Saturday, collapsed within hours of its launch. The team controlled 82.45% of the total supply, with 15 newly created wallets acquiring 224.5 million tokens for $18,657 before selling them for 3,178 Solana (approximately $330,000), causing GOLD's market capitalization to plummet from about $50 million to $500,000 at publication. Lookonchain estimated the wallets generated a $312,000 prof
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SOL0.52%
16:29

Meta Agrees to Pay Up to $17 Billion in Landmark Social Media Settlement This Week

According to CNBC, Meta agreed to pay up to $17 billion this week as part of a landmark settlement with a bipartisan coalition of state attorneys general, marking a significant moment in the growing backlash against the tech sector. The settlement requires the company to implement substantial changes to Facebook and Instagram, including a default two-hour daily time limit for teens, muted notifications during school hours, and enhanced parental controls. The resolution reflects broader public di
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16:25

BIS Chief Questions Stablecoins for Large-Scale Payments, Backs Tokenized Deposits

According to Reuters, on Friday, BIS General Manager Pablo Hernández de Cos argued that stablecoins do not credibly function as a means of payment at scale, Reuters reported. Hernández de Cos, a candidate to succeed ECB President Christine Lagarde next year, said tokenized bank deposits offer a stronger alternative for harnessing tokenization while preserving monetary system foundations. He acknowledged stablecoins could lower government borrowing costs but warned that if customers move bank dep
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16:23

Japan Spends $96B to Defend Yen in 2026 as Currency Weakens to 160 Per Dollar

According to its official data, Japan's Ministry of Finance spent approximately $96 billion on currency interventions in 2026 to defend the yen, as it weakened to 160.725 per dollar on April 30. The April-to-May intervention alone totaled 11.7 trillion yen, roughly $73-$73.5 billion, marking the largest single-month intervention on record. A subsequent operation on July 30 accounted for an estimated $53 billion. Japan and the United States conducted a coordinated intervention around July 31-Augu
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16:17

Nvidia Delivers Beating Q2 Results, Raises Outlook; Amazon to Purchase 2M GPUs

Nvidia delivered better-than-expected fiscal second-quarter earnings on Wednesday, marking its fourth straight quarter of accelerating revenue growth and issuing strong forward guidance for the next fiscal year. The results reinforced confidence in AI demand, driving the broader market higher Thursday. Amazon will purchase an additional 2 million Nvidia GPUs in 2027 and 2028, despite developing its own AI chips, supporting the company's argument that customers are generating sufficient returns t
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16:07

Bitcoin ETFs Record $202M Outflows on August 28, Snapping 9-Day Inflow Streak as Ether Adds $102M

According to Sosovalue data, U.S. Bitcoin spot ETFs recorded $202 million in net outflows on August 28, ending a nine-day inflow streak that accumulated $3.04 billion. The outflow marked the first day of selling after Bitcoin ETFs crossed the $100 billion in net assets milestone on August 27. Meanwhile, Ethereum ETFs bucked the trend by adding $102 million, extending their own buying streak to ten consecutive days.
BTC0.50%
ETH0.67%
16:07

NFL Signs Multi-Year Deals With DraftKings, FanDuel, Fanatics on Aug. 27, Shuns Prediction Markets

According to Bitcoin.com News, the NFL signed multi-year commercial agreements with DraftKings, FanDuel, and Fanatics Betting on Aug. 27, restoring sponsorships that lapsed on March 31. All three partners agreed to prohibit wagers on officiating, injuries, and events easily manipulated by a single person. The deals grant access to real-time play-by-play data, Next Gen Stats, and official league marks. Regarding prediction markets, NFL Executive Vice President Renie Anderson told ESPN: "That's no
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16:04

Bybit Launches 24/7 Options Trading on SpaceX and Nvidia Shares

Bybit has launched 24/7 options trading on SpaceX and Nvidia shares, allowing traders to buy and sell options contracts tied to both stocks around the clock. The move enables trading outside traditional market hours, with particular significance for SpaceX, which remains private and has limited share accessibility through conventional channels.
16:03

Bitcoin Inflows to Exchanges Surge Past 7 Days as BTC Tests $80,000

According to CryptoQuant analyst Darkfost, bitcoin inflows to major exchanges surged over the past 7 days, peaking as BTC tested the $80,000 level on August 29. Binance led with an average daily inflow of 10,700 BTC, followed by Coinbase Advanced at 7,100 BTC daily, while Kraken and OKX each received over 2,000 BTC per day.
BTC0.50%
16:03

Japan Holds $1.1–$1.2 Trillion in US Treasuries; Bessent Clarifies No Debt Obligations on August 29

US Treasury Secretary Scott Bessent clarified on August 29, 2026, that Japan has no debt obligations to the US Treasury. In fact, the financial relationship runs in the opposite direction: Japan is the largest foreign holder of US Treasuries, with holdings estimated between $1.1 and $1.2 trillion. The US and Japan coordinated currency interventions from July 31 through August 1, 2026, with the Treasury purchasing $5 to $10 billion in Japanese yen while Japan undertook large-scale interventions e
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16:01

4.8-Magnitude Earthquake Strikes Off Eastern Chiba Coast on August 30

According to the Japan Meteorological Agency, a 4.8-magnitude earthquake struck off the coast of eastern Chiba Prefecture on August 30 at 12:17 a.m. JST, with the epicenter at a depth of approximately 30 kilometers. The tremor was also felt in Ibaraki Prefecture and Tokyo.
15:57

New York Warns of Investment Scams as Losses Hit $8 Billion in 2025, Up 38% Year-Over-Year

According to New York Division of Consumer Protection, investment scam losses exceeded $8 billion in 2025, a 38% increase from 2024, after 144,041 consumers reported losses on August 26. The median reported loss reached $10,560, with schemes initiated through social media, dating apps, text messages, emails, and online advertisements. Artificial intelligence enables fraudsters to clone voices, fabricate videos, impersonate financial figures, and create polished advertisements promoting fake cryp
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15:43

Ethena Foundation Proposes ENA Buybacks Upon USDe Reaching $7.5B; Token Surges 16-23%

According to a governance proposal announced August 27, Ethena Foundation plans to activate automated ENA buybacks once USDe supply reaches $7.5 billion in circulation. The fee switch would direct 95% of net protocol revenue toward open-market ENA purchases, with an estimated $22.5 million in annualized buyback funding at the $7.5B threshold, assuming 6% APY on underlying positions. Current USDe supply stands at approximately $4–4.6 billion, requiring roughly 85% growth to trigger the mechanism.
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ENA-4.07%
USDE0.01%
15:42

Starkware Executes First Quantum-Safe Bitcoin Transaction on Mainnet, Aug. 26

According to Bitcoin.com News, Starkware executed the first post-quantum-resistant bitcoin transaction on Bitcoin mainnet on Aug. 26, without requiring any soft forks or hard forks. The transaction spent a 10,000-satoshi output using researcher Avihu Levy's Quantum-Safe Bitcoin (QSB) construction. The test required hours of GPU computation and cost approximately $150 to $200, with Starknet Foundation VP of Growth Damo confirming the milestone during a Bitcoin Asia keynote.
BTC0.50%
STRK1.01%