Gate Crypto Flash News and Market Updates

Brazil's Industry and Trade Minister will meet with U.S. Trade Representative Katherine Giroux next week, according to the ministry announcement.

According to Bloomberg, Nvidia has agreed this week to license artificial intelligence software from startup Poolside for $6 billion and will extend employment offers to more than 100 of the firm's employees. The semiconductor giant is also making a separate $1 billion investment in Poolside, assigning the company a pre-money valuation of $12 billion. Poolside will continue operating as an independent entity, with existing investors receiving payouts from Nvidia's funds. Tech newsletter Newcomer

According to MSCI, the MSCI Emerging Markets Equity Index rose 1.3% and the foreign exchange index gained 0.3% as of August 21, 2026.

Nasdaq Golden Dragon China Index closed up 0.40% at 6,303.83 points on August 21, continuing to test its 50-day moving average (6,231.81 points) since August 13. The index gained 0.10% for the week. Among top Chinese stocks, NetEase led gains with a 6.9% jump, followed by New Oriental up 1.9%, Tencent up 1.7%, BYD up 1.6%, and Baidu up 1.5%. Alibaba declined 8.5%.

According to Jin10 data, hedge funds significantly reduced their net short positions in European diesel as of August 22, cutting short holdings by 309 contracts to their lowest level in over two years, while simultaneously adding 1,498 new long contracts. The shift reflects traders' expectations for prolonged diesel supply tightness, driven by reduced Middle Eastern crude imports, renewed Ukrainian strikes on Russian refineries, and most Russian diesel exports facing sanctions.

North American tech-software stock index ETF rose 1.43% to $103.37 today, though it declined 0.68% for the week, ending a streak of three consecutive weeks of gains that reached 7.5%, 8.57%, and 1.35% respectively.

According to CFTC data as of August 18, asset managers increased their U.S. Treasury exposure in the week before the U.S. government's unexpected announcement of a buyback plan on Wednesday. The data, cited by Bloomberg, also showed that speculators reduced their Treasury position during the same period.

According to Forbes, Pudgy Penguins NFT collection maintains a floor price of 3.86 ETH, equivalent to approximately $7,400, as of August 2026. The native PENGU token trades near $0.0065 with a market capitalization of about $411 million, creating a dual-asset model where token holders gain liquid exposure without requiring a $7,000-plus NFT purchase. The NFT briefly crossed 5 ETH in April 2026, recording over 20% weekly gains, according to KuCoin. Pudgy Penguins toys are sold across Walmart, Tar

According to Yonhapinfomax, on August 21, the three major U.S. stock indexes closed higher amid buying on dips. The Dow Jones Industrial Average rose 517.80 points (0.98%) to 53,277.01, the S&P 500 gained 33.21 points (0.43%) to 7,674.37, and the Nasdaq Composite advanced 113.29 points (0.43%) to 26,180.45.

According to BounceBit, between Wednesday and Thursday, an attacker transferred approximately 286.5 million BB tokens—worth roughly $3 million—through an authorization flaw in the Evmos stack used to build the blockchain. The vulnerability allowed a smart contract caller to specify another account as the fund source without verification. BounceBit halted block production about 40 minutes after detecting the unauthorized transfers. In response, the company announced it will permanently shut down

According to founder Stani Kulechov, Aave became the first DeFi protocol to surpass $1 trillion in cumulative lending volume on February 25, 2026. The protocol's total value locked fell from an all-time high of $45.81 billion on October 7, 2025 to a 2026 low of $11.86 billion on June 7, before recovering to $17.69 billion, up 21.6% over the past 30 days, according to DefiLlama. Aave V3 holds 96.6% of total protocol TVL across 21 chains, with Ethereum anchoring $14.27 billion. Aave Horizon, the p

According to the U.S. Commodity Futures Trading Commission (CFTC), leveraged funds began rebuilding Japanese yen short positions during the week of August 18.

According to the Federal Reserve, U.S. bank deposits reached $19.532 trillion in the latest week, up from $19.496 trillion the previous week, marking a weekly increase of $36 billion.

On Friday, August 21, gold ETF led market gains with a 1.95% increase, followed by Dow ETF up 0.98%, Russell 2000 ETF up 0.77%, and Emerging Markets ETF up 0.75%. U.S. crude oil fund gained 0.58%. Year-to-date, crude oil fund surged 89.97%, with Emerging Markets ETF and Russell 2000 ETF each up 23.32%. Nasdaq ETF rose 16.41%, S&P 500 ETF gained 12.89%, and gold ETF up 6.83% since the start of 2026.

Ray Dalio, founder of Bridgewater Associates, recommended on Friday that investors allocate between 10% to 15% of their portfolio to gold and "a bit of Bitcoin" to mitigate risks from potential debt crises and geopolitical conflicts. Dalio predicted that a U.S. debt crisis could occur within three years if current fiscal trends continue.

On Friday (August 21), U.S. sector ETFs closed broadly higher, with the Biotechnology Index ETF and Healthcare ETF rising 1.29%, leading all major sector funds. Discretionary Consumer ETF gained 1.15%, while Global Aviation ETF rose 1.06%. Among decliners, Utilities ETF fell 2.31%, Semiconductor ETF dropped 0.4%, and Energy ETF declined 0.17%. Year-to-date, Semiconductor ETF leads with a 55.62% gain, followed by Energy ETF up 44.30% and Biotech ETF up 26.65%.

According to Bloomberg, the Bloomberg Electric Vehicle Price Return Index rose 1.76% to 3,514.69 points on Friday, August 21. The index gained 0.30% for the week, displaying a V-shaped recovery pattern.

According to NH Investment & Securities, the brokerage projected South Korea's KOSPI index trading range at 6,400-7,500 for the coming week on August 22. The forecast hinges on Nvidia's earnings release scheduled for August 27, which analysts view as a critical inflection point for the broader market direction.

State Street's Metals and Mining ETF rose 4.1%, reaching its highest level since June 2026.

This week, U.S. stock indices posted declines, with the S&P 500 falling 1.3%, the Dow Jones down 0.8%, and the Nasdaq 100 declining 2.1%. Semiconductor-related indices led losses, with the semiconductor index down 5.5% and storage chip index dropping 5.2%. On Friday, markets partially recovered. The S&P 500 rose 0.5%, with materials up 2.3% and utilities down 2.2%. In the Nasdaq 100, Tesla surged 5.2% and Strategy gained 6.2%, while Intel declined 2.3%, Arm Holdings fell 3%, and Marvell Technolo