Gate Crypto Flash News and Market Updates

According to CNBC, Meta agreed to pay almost $17 billion this week in a landmark settlement with a coalition of state attorneys general over allegations that the company misrepresented the extent of child mental health damage caused by Facebook and Instagram. The settlement includes daily usage limits and nighttime blocks for teenagers, enhanced age assurance measures to prevent children from accessing the apps, and additional parental tools. An independent auditor will monitor Meta's compliance

According to Odaily, enterprise software company Strategy holds 840,400 Bitcoin worth approximately $66.4 billion, with unrealized gains exceeding $2.8 billion based on a 4.4% gain from an average purchase price of $75,653 per Bitcoin. CEO Michael Saylor posted a chart on Sunday with the message "We're Back," though the company has not increased holdings for approximately two months. Strategy recently raised $334 million by selling MSTR stock without using Bitcoin reserves. The company has sold

According to Jin10 and Iranian sources, on August 30 evening, residents in Iran's southern Larak Island reported hearing explosions following what Iranian officials described as an enemy drone strike. Preliminary unofficial reports indicated the attack killed 2 people and injured 2 others. No official statement has been released.

According to CCTV and U.S. senior officials, the U.S. military struck two weapons facilities on Laraki Island, Iran, on the evening of August 30. Iran has not yet responded to the strikes.

German Chancellor Friedrich Merz said recently that Germans work 200 fewer hours annually compared to Swiss workers, though he emphasized that Germans are not lazy. Merz stated that achieving consensus on whether all Germans are willing to work more is essential for the country's future competitiveness. Many German businesses have suggested that restoring the weekly working hours from 35 to 40 hours could help recover much of Germany's lost competitiveness in international markets.

According to Al Jazeera, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed that adversaries are employing psychological warfare tactics.

According to Xinhua News Agency, Libya's rival factions signed an agreement on August 30 to restructure the National High Electoral Commission and reached a consensus on the framework for presidential and parliamentary elections. Under the agreement, elections must be held within 24 months after its implementation and conducted under a unified administrative and state institutions. The National Representatives Assembly and State Supreme Council are required to approve the agreement within one mo

According to HTX, BNB broke through $700 today, trading at $700.00 with a 24-hour gain of 0.8%.

According to Ukraine's Agriculture Minister, Russian strikes have destroyed approximately 90% of the country's modern storage facilities. While there is currently no risk of famine, the minister warned that continued attacks could lead to shortages in store supplies and product variety. The assessment highlights ongoing threats to Ukraine's agricultural infrastructure amid the conflict.

According to CNBC, Meta agreed this week to pay $16.8 billion in a landmark settlement with a coalition of state attorneys general over allegations the company misrepresented the extent of child mental health damage caused by Facebook and Instagram. The settlement requires Meta to implement daily usage limits and "nighttime blocks" for teenagers, enhance age verification measures to prevent children from accessing apps, and create additional parental tools. An independent auditor will monitor Me

According to Xinhua News Agency, Iceland Prime Minister Frostaethir announced on August 30 that the government will not pursue further negotiations on joining the European Union during the current term, respecting the results of a national referendum.

According to President Trump's statement on August 30, the U.S. aims to refill its Strategic Petroleum Reserve (SPR) using Venezuelan crude oil. The SPR has fallen to 290 million barrels, its lowest level since 1982. According to the Wall Street Journal, the U.S. government is pursuing a 35% stake in North American Blue Energy Partners (NABEP), which operates 17 Venezuelan oilfields holding approximately 65 billion barrels of reserves. The agreement also grants the U.S. priority purchase rights

German Chancellor Friedrich Merz recently addressed defense spending, stating the military has not met required standards due to a 15-year investment shortfall. Merz emphasized Germany must strengthen its defense capabilities, citing the need to close gaps left by decades of underinvestment in national security.

According to Jin10, ahead of the September Fed meeting, swap traders are pricing in over 50% odds of a rate hike following Powell's emphasis on disinflation commitment on August 31, but major bond investors including ING Investment Solutions and Brandywine Global Investment Management remain skeptical. The U.S. two-year Treasury yield posted its largest gain in over two months amid the rate hike bets. Christoph Boucher, chief investment officer at ING, said Powell's rhetoric alone is insufficien

According to Swedish Tax Agency decisions and company disclosures, Northern Data AG and HIVE Digital have faced proposed VAT assessments totaling €28 million and €20 million respectively in relation to cryptocurrency mining activities at their Swedish facilities. HIVE recorded an $84.7 million provision for disputed VAT, tax supplements and interest as of June 2026, following unfavorable rulings by Swedish administrative courts. Both companies have explicitly linked operational shifts to the tax

According to Axios, U.S. military forces struck two Iranian missile launchers on Larak Island on Sunday earlier. U.S. officials disclosed the operation.

According to Anatoly Popov, deputy chairman of Sberbank, the bank plans to accept Bitcoin, Ether, and Tether as collateral for loans, following Russia's new cryptocurrency regulations taking effect on Sept. 1. Popov disclosed the lending plans in an Aug. 28 interview with TASS ahead of the Eastern Economic Forum. The expansion follows the Bank of Russia's approval of the three assets for public exchange trading. Sberbank conducted its first crypto-backed loan pilot in December 2025 with Intelion

According to ChainCatcher, Revolut has launched staged tests of EURR, a euro-denominated stablecoin, in Denmark, Poland, and Portugal. The stablecoin operates on Ethereum and is issued by Bridge, a subsidiary of Stripe. Meanwhile, the European Central Bank emphasized that the digital euro will feature strong privacy protections, with offline transaction data known only to the parties involved and online transactions not directly traceable to individuals by the Eurosystem.

According to Bitcoin.com, Bitcoin hit $78,960 on Sunday and gained 1.5% as buyers challenged the $79,000 resistance zone, with traders targeting $81,000 next. BTC was trading at $78,650 at 10:10 a.m. Eastern time and has risen 1.8% over the past seven days and 23.5% since July 30. Coinglass data showed $75.71 million in crypto liquidations over the past day, with Bitcoin liquidations accounting for $21.84 million. Bitcoin's open interest stood at $54.83 billion.

MicroStrategy CEO Michael Saylor posted "We're Back" on X, signaling the company's likely resumption of Bitcoin purchases after a two-month hiatus. Strategy paused its weekly Bitcoin accumulation in recent months amid market challenges and instead focused on strengthening its balance sheet through stock offerings and building cash reserves. With Bitcoin now trading above $80,000 and Strategy holding 840,447 BTC at an average cost basis of roughly $75,385, the company's largest-in-industry Bitcoi