Gate Crypto Flash News and Market Updates

According to PANews, South Korea's KOSPI index fell over 4% intraday on August 25, based on Bybit data. Samsung Electronics declined over 4%, while SK Hynix dropped more than 6%.

According to CoinGape, CME Group added Ethena's governance token ENA to its single-asset crypto benchmark suite starting August 24, providing standardized USD reference rates across three trading regions. The rates—ENAUSD RR (London close), ENAUSD NY (New York close), and ENAUSD AP (Asia-Pacific close)—are published daily at 4 p.m. local time and cover weekends and holidays. CF Benchmarks manages the product, with pricing data aggregated from compliant spot exchanges. The addition provides insti

According to China Maritime Safety Administration, shipping is prohibited in parts of the Bohai Sea from August 25 through August 28 due to military live-fire exercises, the Tangshan Maritime Safety Administration announced.

According to Dunamu on August 25, the operator of South Korea's largest cryptocurrency exchange Upbit announced it would pursue an initial public offering following the completion of a comprehensive stock swap with Naver Financial. The company stated that the listing location has not yet been determined, clarifying that no decision has been made regarding a Nasdaq listing in the United States.

According to Financial Times, President Trump announced on August 22 a temporary reduction in tariffs on imported beef over the next 90 days, aiming to ease rising food prices ahead of the November midterm elections. The tariff cut may allow imports of up to 300,000 tons. While the administration emphasized inflation control efforts, the U.S. cattle industry strongly opposed the measure, arguing it sacrifices domestic producers.

According to ETF Check, on August 24, domestic retail investors poured funds into U.S. index ETFs as the Korean stock market experienced volatility. U.S.-focused assets dominated the top 10 inflow ETFs, accounting for 9 of 10 positions. TIGER Nasdaq 100 led with 5.02 billion Korean won in inflows, as investors shifted capital toward major U.S. benchmark indices including the S&P 500 and Nasdaq.

According to Yonhapnews, SK Hynix's labor union rejected the initial wage agreement today (August 25).

According to Bloomberg, on August 25, Oura Health Oy, which produces health-tracking smart rings, plans to raise up to $3 billion through a U.S. initial public offering (IPO). The company's IPO could occur as early as September, with valuation exceeding $16 billion. Existing investors are expected to sell substantial stakes in the offering.

Spot gold hit $4,690 per ounce today, rising 0.82% intraday (August 25).

According to Yonhap Infomax, yesterday (Aug 25) the Korea Marine and Port Administration and Korea Housing Finance Corporation successfully issued international bonds targeting non-U.S. dollar markets: a $300 million 5-year floating-rate Formosa bond and an €800 million 3-year fixed-rate covered bond. The Formosa bond priced at SOFR plus 70 basis points, reduced from an initial guidance of 95bp due to demand exceeding 2x the issue size. The covered bond priced at EUR mid-swap plus 17bp, down fro

The Nikkei 225 index fell 1.00% intraday on August 25.

According to Coinbase, the exchange will suspend IoTeX (IOTX) trading on September 24, 2026 at approximately 02:00 (GMT+8) across Coinbase.com (Simple and Advanced Trade), Coinbase Exchange, and Coinbase Prime. Order books have been moved to limit-order mode, allowing users to place and cancel limit orders. Coinbase stated it regularly reviews assets on its platform to ensure compliance with listing standards.

According to sources familiar with the matter, AI cloud service provider Lambda, backed by Nvidia, is negotiating a funding round of up to $3 billion. The company expects revenue to exceed $1.5 billion this year, with a potential valuation of up to $12 billion. The funding round could pave the way for an initial public offering next year.

According to Visa, on Aug. 25, Visa joined the Monetary Authority of Singapore-led BLOOM initiative with Singapore-founded payments company Nium for a stablecoin settlement pilot. The pilot will test whether regulated stablecoins backed by major currencies, including US dollar- and euro-denominated stablecoins, can support settlement seven days a week, including weekends and public holidays, enabling financial institutions to access funds outside traditional business-day schedules.

According to Gate's market data, Solana (SOL) broke above the $100 mark today, with USDT pair trading at $100.11. The token gained 5.41% over the past 24 hours.

According to Guru Club, NYMEX silver rose 2% on Aug 25, trading at $70.77 per ounce.

According to Guru Club, Nvidia made a strategic investment in Lancium, a power infrastructure developer, today (August 25). The specific investment amount was not disclosed.

According to Guru Club, Citigroup raised its three-month gold price target to $4,800 per ounce on August 25, following the U.S. Treasury's announcement to increase long-term bond buybacks. The bank maintained its 6-12 month target of $5,000 per ounce, citing expectations of Strait of Hormuz resolution, falling real interest rates, and a dovish shift in Federal Reserve policy.

According to Guru Club, WikiHow sued OpenAI on August 24, alleging the company's artificial intelligence training infringed on the platform's copyrights.

According to PANews, on August 25, Coinbase announced tokenized stocks are now live on its Base network using the B20 standard, backed 1:1 by regulated custodians. The initial offering supports major U.S. stocks including Apple and Nvidia. The tokens are issued by authorized market makers and held in custody by regulated broker Alpaca, utilizing an Abu Dhabi Global Market-regulated bankruptcy-remote structure. Token holders retain full ownership of underlying shares and can hold them in self-cus