Gate Crypto Flash News and Market Updates

According to ChainCatcher, B.AI announced on August 24 that Xiaomi's MiMo-V2.5 multimodal model is now available for free via API. The 310B sparse MoE model supports text, image, video, and audio inputs, with a 1M context window and optimized response speed. Developers can access the model without cost through B.AI's API platform.

According to Seoul Economic Daily, on August 24, three major Kosdaq active ETFs significantly increased their exposure to semiconductor materials, parts, and equipment (semiconductors supply chain), holding 62.72%, 52.11%, and 100% of their portfolios in the sector respectively, far exceeding the sector's 36% weight in the Kosdaq index. Over the past five months, TIME Kosdaq Active reduced biotech holdings from 38.05% to 17.72%, while doubling semiconductor supply chain positions. The three fund

According to BlockBeats, HYPE dropped to $77.88 today (Aug 24), down 1.9% in 24 hours. Data from TradingBeats monitoring shows perpetual market funding premiums have cooled significantly over the past 72 hours.

According to Korea Exchange on August 24, South Korea's KONEX market is experiencing pressure as both new and transferred listings decline amid a shift toward larger-cap stocks. The expansion of technology-focused listing rules has lowered barriers to KOSDAQ entry, prompting small and mid-sized enterprises to move away from KONEX. Simultaneously, investor capital is concentrating in large-cap equities, weakening the core investor base that has traditionally supported KONEX's role as a growth pla

According to ChainCatcher, a 2026 research by Stanford professors Ilya Strebulaev and Blake Jackson reveals that approximately 5% of venture capital firms generated roughly 90% of industry profits over the past 30 years, analyzing data from over 230,000 investments and nearly 13,000 VCs. The Strebulaev-Jackson ranking's top five are Sequoia Capital, Andreessen Horowitz, Accel, DST Global, and Tiger Global. The methodology employs six factors including discounted valuations, dilution adjustments,

According to Hong Kong Police, the StarBridge Capital gold trading incident has been classified as fraud following investigations. The case is being handled by the Central District Criminal Investigation Squad, and no arrests have been made at this time. As of 1:50 p.m., approximately 180 individuals have filed reports with Hong Kong Police. Complainants reported a combined HK$6.63 million in unretrieved funds, according to financial records reviewed by affected investors.

According to Ukrainian media, the planned visit by U.S. Middle East Special Envoy Steve Wittkoff and Trump senior adviser Jared Kushner to Kyiv has been postponed due to ongoing Russian attacks.

According to Jin10, Fidelity International portfolio manager George Efstathopoulos doubled his fund's gold holdings over the past three weeks, raising the allocation to 5% of the portfolio, citing increased Federal Reserve policy uncertainty as the catalyst. Efstathopoulos noted that if the U.S. dollar's status as a safe-haven asset continues to decline, he would consider increasing the allocation ceiling further. The portfolio adjustment follows a recent surge in investor selling of long-term U

According to ITAR-TASS, Russian President Putin will meet with India's Foreign Minister today (August 24).

According to ChainCatcher, on August 24, Plum Venture founder Wu Shichun said computing power shortage will persist for 3-5 years at the Global Unicorn Summit. He identified supernodes, computing power scheduling, and advanced packaging as key solutions to break the bottleneck. Wu also noted that AI applications are shifting from consumer to industrial use cases, with industrial manufacturing and physical AI becoming the largest value scenarios. He added that domestic alternatives have entered t

According to Reuters, on August 24, Yangtze Memory's parent company CCSH Corporation received approval for its IPO application on the Shanghai Stock Exchange's Sci-Tech board. The company plans to raise 33 billion yuan (approximately 4.9 billion USD) and will issue 1.98 billion to 2.43 billion new shares. Market expectations suggest the listing will occur in 2027.

Gate News message, a whale identified as 0x2160 has implemented a lending loop strategy to establish a long position on BNB. The whale withdrew 8,474 BNB valued at $5.9M from CEX and deposited it into Venus. Subsequently, the whale borrowed 2.6M USDT from Venus and deposited it into CEX to purchase additional BNB.

According to a Kremlin statement, Russian armed forces are seeking to identify Ukrainian missile production locations and plan to take measures to destroy these facilities.

According to Beating AI, Cursor inadvertently included Source Map debugging files in Grok Bot 0.18.0 release, exposing core runtime code that developer Bennett reverse-engineered into readable TypeScript. While frontend source code remains unexposed, the reconstructed runtime logic is now publicly accessible on GitHub. Bennett subsequently created a modified version supporting multiple inference backends including Claude Code, Codex, and OpenRouter, with optional local Docker deployment.

According to reports on August 24, Anthropic poses a pointed question during culture interviews: whether candidates would support the company's decision to abandon AI ambitions for safety reasons, even if it drove the stock price to zero. CEO Dario Amodei has questioned whether recent hires joined for the "right reasons." The question reflects broader company decisions, including refusing a U.S. military contract for unrestricted technology access and restricting access to its most capable model

According to ECB Executive Board Member Piero Cipollone, the likelihood of economic downturn and stagflation triggered by the Hormuz Strait crisis is low. In an interview with Italian media ilsussidiario.net published today, Cipollone stated that there are currently no signs pointing to a stagflation scenario, though macroeconomic conditions require continuous monitoring.

According to HTX Research, the artificial intelligence investment cycle is shifting focus from infrastructure buildout to revenue and free cash flow generation, as five major US hyperscalers are expected to spend approximately $697 billion in 2026. Capital expenditure will consume about 93% of their combined operating cash flow, up from 33% in 2023, according to J.P. Morgan research cited in the report. The report notes that Alphabet generated $119.8 billion in second-quarter revenue with Google

According to CryptoSlate, Secret Network, a Cosmos-based privacy blockchain, minted approximately 1.079 billion SCRT on August 21 via v1.26.0 upgrade to maintain network operations before SCRT Labs ends support on September 1. Total supply increased to approximately 1.443 billion SCRT; existing holders' absolute balances remain unchanged, but their combined share drops to approximately one-quarter, representing a 75% supply dilution. The minting was allocated across foundation and core developme

According to Bloomberg, on August 24, Hugging Face is exploring a potential sale in partnership with an investment bank, with the transaction valuation potentially reaching $130 billion or more. No agreement has been reached to date, sources said. The AI platform is conducting outreach to potential bidders to gauge market interest. In 2023, Hugging Face raised $235 million at a valuation of approximately $4.5 billion, with backing from Google, Amazon, Nvidia, Intel, and Salesforce.

According to Daodi Futures research on Aug 24, LPG basis spreads have compressed further as futures prices rally while spot prices remain stagnant. The contract (LPG2610) has moved into backwardation versus East China domestic pipeline prices, pressuring further upside in futures. LPG is unlikely to sustain long-term premium to spot prices in the current structure, with inventory pressures potentially mounting ahead.