Gate Crypto Flash News and Market Updates

According to Kitco News, gold prices fell sharply after the U.S. Bureau of Labor Statistics announced Friday that nonfarm employment was revised down by 79,000 (-0.1 percent) for the year to March 2026. Spot gold dropped to a session low of $4,543.80 per ounce and last traded at $4,564.05, down 0.83 percent on the day.

According to ChainCatcher, Hong Kong Securities and Futures Commission (SFC) designated Star Bridge Capital, Star Bridge Capital Group, SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd as unlicensed companies on August 29, prohibiting them from conducting any regulated activities in Hong Kong or actively promoting services to Hong Kong residents. The designation follows a recent forex trading platform collapse involving abnormal liquidations

According to BlockBeats on August 29, Serenity questioned whether leading AI laboratory valuations have become excessive. The analyst noted that a 10% stake in Anthropic at a projected $2 trillion valuation would represent $200 billion—equivalent to the combined market capitalization of major consumer brands including Nike, Taco Bell, Pizza Hut, KFC, Gap, American Eagle, Levi's, Victoria's Secret, and Cheesecake Factory, with approximately $51.6 billion remaining. Serenity's core observation is

On August 28, 2014, cryptographer Hal Finney, who received the first bitcoin transaction from Satoshi Nakamoto on January 12, 2009, passed away from ALS at age 58 in Phoenix, Arizona. Finney received 10 BTC in that historic 2009 transaction, which would be worth approximately $805,000 today at Bitcoin's current price range above $80,000. The milestone comes as BTC crossed $80,000 for the first time since May on August 25. Finney, a longtime cypherpunk and key contributor to PGP encryption techno

According to StoneX analyst Fawad Razaqzada, Fed Chair Jerome Powell's Friday evening Jackson Hole speech was viewed as notably hawkish. During the remarks, Powell reaffirmed fighting inflation as a clear priority and expressed confidence that core inflation is moving toward the Fed's target, though he declined to pre-commit to a September rate increase. Market pricing for a 25-basis-point increase in September surged to roughly 50% from 30% following Powell's comments. Upcoming employment and i

According to CCTV News, Russian President Vladimir Putin test-drove the Volga K50, a new vehicle based on Chinese automotive technology, at the Gorky Automobile Plant in Nizhny Novgorod on August 28. Putin praised the car's comfort during the test drive, remarking it feels "very comfortable," and commended its handling, noting it requires "almost just one finger to operate."

According to Hyperbot data, the largest LIT short on Hyperliquid just closed its Bitcoin and Ethereum long positions, then immediately opened 10x leverage AVAX and HYPE shorts, as well as a 20x leverage SOL short. The trader's 2.528 million LIT 3x short position is currently down $5.25 million, with an overall portfolio return of approximately -115%.

According to Bitfinex, Bitcoin's Delta-Thermo Market Multiple has reached 2.03, triggering the 2.5x threshold where the bull phase begins, marking the start of a price expansion phase rather than a run into a market top. The exchange noted that Bitcoin is trading in correlation with gold as a debasement hedge, with this elevated correlation at levels that historically do not persist for long. Bitfinex stressed that Bitcoin represents the higher-beta version of the debasement trade, signaling pot

According to Foresight News, early today (August 29), Jupiter Card users remain unaffected by a security incident on Solana's Avici project. Card issuer Rain briefly suspended balance withdrawals as a precaution and completed a security check, which has now concluded. Card payments remain fully operational, on-chain wallets are unaffected, and users can resume normal balance withdrawals.

According to Foresight News, letscash.fun, a Meme token launchpad driven by the CashCat community, has updated its token supply feature to allow users to select any integer between 1 billion and 1 quattuordecillion (1B–1Qa), replacing the previous fixed supply model. Additionally, integrators must upgrade their SDK to version 0.4.0; all function signatures have been updated, and calls using the older 0.2.1 version will fail.

According to Financial Supervisory Service filings reported by Bloter, Yuanta Securities' parent company purchased 52,500 shares over five consecutive trading days from August 19-25, at prices ranging from 4,462 to 4,729 won per share. The parent already holds approximately 57% of the company, making the small stake increase noteworthy primarily for revealing valuation concerns rather than ownership shifts. Yuanta Securities reported first-half net profit of 129.8 billion won, a 297.8% increase

According to BlockBeats, on August 29, Trump called Nvidia CEO Jen-Hsun Huang during the company's all-hands meeting in Santa Clara, California. Huang temporarily left the stage to answer the call, which lasted approximately one minute. Later that day, Trump posted on social media congratulating Nvidia on its latest earnings, calling the quarterly sales figures "incredible." Nvidia reported Q2 revenue of $96 billion, representing 106% year-over-year growth. The company also announced the formati

According to Cointelegraph, Avici announced it will provide full refunds to all 1,685 users affected by a card balance vulnerability. The total refund amount is approximately $500,859.

According to CCTV, on August 27, U.S. President Trump signed an executive order renaming Ontario Lake to 'American Lake'. On August 28, Quinte Bay First Nation Chief Donald Maracle stated that the lake's original name derives from the Haudenosaunee (Iroquois) language and that renaming it disrespects Indigenous language and culture. Maracle demanded an apology and said the action violates the United Nations Declaration on the Rights of Indigenous Peoples, which requires respect for Indigenous la

According to Iran's FarsNews, on August 29, Iran's Oil Ministry transferred $7.5 billion in oil-related foreign exchange revenue to the Central Bank. According to the Oil Ministry, the oil revenue collection rate for the first four months of the current fiscal year reached 99% of the budgeted amount. The transferred funds are sufficient to cover the government's foreign currency expenditures through January of next year.

Ethena Foundation announced today (August 29) a conditional buyback proposal for ENA token, contingent on USDe stablecoin supply reaching $7.5 billion. The governance vote closes September 2. Once triggered, 95% of net protocol revenue would flow into automated ENA purchases on the open market. Current USDe supply stands around $4 billion to $4.6 billion, requiring approximately 85% growth. ENA surged 16-23% intraday to around $0.17, extending a broader week-long rally that lifted the token more

On May 1, Evercore ISI analyst Mark Mahaney raised his Amazon price target to $335, citing strong momentum from Rufus, the company's AI shopping assistant. The tool reached over 250 million users in 2025, with users 60% more likely to make a purchase compared to non-users. Evercore estimates that Rufus and related AI features could contribute roughly $56 billion in incremental gross merchandise value by 2028, translating to approximately $31 billion in additional total revenue and $6.8 billion i

Bank of England Governor Andrew Bailey praised Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium, describing it as carrying "real substance." Warsh, who assumed the Fed chair role in 2026 following Jerome Powell, has signaled a shift toward emphasizing "price stability" as a broader concept rather than the detailed forward guidance that characterized the Powell era, aiming to preserve policy flexibility amid persistent inflation above the 2% target.

According to US Treasury Secretary Scott Bessent, the US and Japan conducted coordinated currency interventions on July 31-August 1, 2026, with the Treasury purchasing $5-10 billion in yen while Japan undertook $52-54 billion in interventions. Bessent clarified that Japan has no debt obligations to the US Treasury; rather, Japan is the largest foreign holder of US Treasuries with estimated holdings between $1.1 and $1.2 trillion. Starting September 9, 2026, the Treasury announced it will double