Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, foreign investors made significant purchases in South Korea's 3-year Treasury futures and interest rate swaps (IRS) on August 25, with net buying of 13,423 futures contracts and 1-year IRS declining 3.50 basis points, ahead of the Bank of Korea's monetary policy committee meeting scheduled for August 27. Market participants interpreted the move as a bet on rate hold, citing weakening won, stock market volatility, and recent comments by deputy governor Min-soo Kwon abo

According to GMGN, PONS token on Robinhood Chain broke through $90.1 million in market cap today, reaching an all-time high of $90.1M with a 24-hour gain of 44.5%. PONS is the native platform token for Pons, a token launchpad on Robinhood Chain that enables fixed-supply token creation and charges WETH fees for buyback and PONS fee burning.

According to Yahoo Finance, Tesla will unveil the production prototype of its autonomous Cybercab robotaxi on September 3 in Austin, Texas. The vehicle is designed exclusively for autonomous driving and features no steering wheel or brake pedal. The announcement comes after Nevada regulators unanimously approved commercial robotaxi operations in Clark County last week. Tesla received authorization to operate 5,000 autonomous vehicles—the largest allocation—while Alphabet's Waymo secured up to 1,

According to Defense Blog as reported by Yonhap News, Ukraine has equipped Mi-8 helicopters with launcher systems capable of deploying interceptor drones to combat Russian Shahed kamikaze drones. Footage from Ukraine's Independence Day video released today shows a modified Mi-8 with a rail-mounted launch system beneath the fuselage, each helicopter equipped with three rails on both sides enabling deployment of six interceptor drones simultaneously. These drones are designed to track and destroy

According to The Block, a federal jury on August 25 convicted Japheth Dillman, a 48-year-old San Francisco video game company founder, of wire fraud for operating Block Bits Capital, a fraudulent crypto trading fund. The U.S. Department of Justice stated that Dillman faces a maximum of 20 years imprisonment and a $250,000 fine per count.

According to China Central Depository & Clearing Co., announced on August 25, the company will reduce fees on select bond market services effective September 1, 2026 through December 31, 2028. Key measures include full exemption of issuance registration fees for international bonds (panda bonds), a 5% discount on interest payment and redemption fees (reduced to 0.0475% from 0.05%), and a 10% discount on spot trading settlement fees for uncovered bond types (reduced to 135 yuan per transaction).

According to the Bankless podcast on August 24, Tom Lee, chairman of BitMine Immersion Technologies, said the cryptocurrency market has exited its bear cycle and entered a new bull phase. Lee forecasted that Ethereum could surpass $5,000 under the new cycle, with potential to exceed $10,000 if institutional asset tokenization and AI adoption accelerate. BitMine is pursuing a strategy to accumulate 5% of Ethereum's total supply, having achieved approximately 97% of that target as of the interview

According to PANews on August 25, IPFS development team Shipyard announced it will cease IPFS-related engineering, maintenance, and infrastructure operations on September 30 following Protocol Labs' decision not to renew its grant. After the shutdown, core projects including Kubo, Helia, and IPFS Desktop will lack dedicated maintainers. Public infrastructure such as ipfs.io and dweb.link, along with IPFS bootstrap nodes, will be managed by Protocol Labs going forward. Shipyard said it will assis

According to BlockBeats, on August 25, Bitmine Chairman Tom Lee outlined the company's ten-year vision, positioning Ethereum as the core infrastructure for tokenization and artificial intelligence applications. Lee stated that ETH market capitalization surpassing BTC is "a very tenable argument," and forecast significant upside potential for Ethereum's price, saying returns at "$50,000, $100,000, or $200,000 would be legendary" for shareholders.

According to NATE, Dunamu, the parent company of Upbit, confirmed it has been in contact with the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), though no decision has been made on a U.S. listing. The company plans to complete a share swap with Naver Financial by December 31, 2026, after which it intends to establish an IPO committee within one year to pursue a public listing, though the specific country and market remain undetermined.

A U.S. soldier was recently identified as having obtained more than $400,000 in profits on Polymarket using nonpublic information. The Commodity Futures Trading Commission (CFTC) has initiated a criminal investigation into the matter, though the agency's involvement has faced opposition.

According to The Kobeissi Letter, hedge funds posted net outflows of U.S. stocks last week at the largest single-week level since April 2025's "liberation day" week, ending a consecutive 3-week period of net inflows. Individual stocks accounted for approximately 53% of total selling, with 9 out of 11 sectors experiencing net selling, primarily concentrated in information technology, industrials, utilities, healthcare, and materials. Macro products, including index futures and ETFs, represented r

According to ChainCatcher, an on-chain analyst Ai Yi detected that a whale address (0xCAD...D1BDE) withdrew 10,000 ETH worth $25.27 million from Coinbase within the last 10 hours, and bought at the short-term peak as ETH rallied overnight.

According to Morgan Stanley CIO Mike Wilson on August 24, the current economic cycle bears similarities to the post-World War II era, characterized by elevated nominal GDP growth and inflation persistently above 2%. Wilson noted that U.S. Treasury yield trends have reversed course, with long-term interest rates expected to maintain their upward trajectory despite periodic bond strength. He indicated this environment will shift market dynamics, with inflation potentially benefiting cyclical stock

According to South Korea's Ministry of Strategy and Finance, on August 25, Finance Minister Park Hong-geun announced that the 2027 budget will establish a Future Response Fund to support potential growth and stabilize fiscal volatility amid semiconductor industry gains. The fund will channel increased tax revenues from the semiconductor boom into strategic investments rather than temporary spending. The 2027 budget also prioritizes support for three major mega-projects, including semiconductors,

According to Bloomberg, Apple is preparing to launch its first new Mac mini in two years.

According to South Korea's financial investment sector, Dunamu, the operator of cryptocurrency exchange Upbit, is reportedly preparing for a U.S. Nasdaq initial public offering (IPO). On August 25, Dunamu consulted with EY Han Young, a major domestic accounting firm, regarding differences between U.S. Generally Accepted Accounting Principles (US GAAP) and domestic accounting standards. "No decision has been made yet," Dunamu stated, though the move suggests the company is considering a Nasdaq li

According to StockTwits, RUM Group's Quake AI division secured a six-year, $13.7 billion GPU services deal overnight (August 25) with an undisclosed U.S. cloud customer. The agreement covers GPU capacity and services at RUM Group's planned Georgia data center, with CEO Chris Pavlovski declaring that Quake AI will "fiercely compete with CoreWeave, Nebius and all neoclouds." The deal includes a warrant granting the customer access to 50.8 million RUM shares at $0.01 each over a 10-year term, with

According to SoSoValue data, Solana spot ETFs recorded net inflows of $33.49 million overnight on August 24. Bitwise Solana Staking ETF (BSOL) led with $24.99 million in daily net inflows, bringing its total historical inflows to $948 million. Fidelity Solana Fund ETF (FSOL) followed with $4.84 million, now totaling $201 million in cumulative inflows. Combined, Solana spot ETFs hold $1.214 billion in total assets under management.

According to ChainCatcher, AI startup General Intuition is in talks to raise funding at a $6 billion pre-money valuation. New investors include Valor Equity Partners, Point72 Ventures, and Seven Seven Six, while existing backers Khosla Ventures and General Catalyst also participate. The funding comes just weeks after the company closed a $320 million Series C at a $2.3 billion valuation. Founded by CEO Pim de Witte, General Intuition develops foundational AI models training autonomous agents to