Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
20:11

Ethena Foundation Buys Back All Tokens Sold by Major Investors Over Past 9 Months

According to the Ethena Foundation, the organization has repurchased all locked tokens held by large early-stage investors who sold ENA over the past nine months, aiming to eliminate potential selling pressure from future token releases. The foundation also launched governance voting for a "fee switch" mechanism that will use protocol revenues to programmatically purchase ENA tokens from the market, directly linking ecosystem value to token holders. Additionally, a Master Framework Agreement tra
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ENA20.71%
20:10

Marvell Technology Posts Q2 Revenue of $27.4B, Beats Analyst Estimates

Marvell Technology reported second-quarter net revenue of $27.4 billion, exceeding analyst expectations of $27.1 billion. Adjusted earnings per share reached $0.94, compared to the consensus estimate of $0.93. The company guided third-quarter adjusted EPS at $1.05–$1.15, against analyst expectations of $1.07.
20:03

U.S. Stock Indices Rise on Thursday as Nvidia Surges 8.7%

According to Gate trading data, U.S. stock indices rose on Thursday. The Dow Jones Industrial Average advanced 0.2%, the S&P 500 gained 0.7%, and the Nasdaq Composite climbed 1.57%. Among major tech stocks, Nvidia surged 8.7%, Broadcom rose 4%, Tesla gained 2.6%, and SK Hynix advanced 2%. China-focused Nasdaq Golden Dragon Index fell 0.74%, with Baidu climbing 4% and Alibaba declining 3%.
20:02

Moonwell Restricts Base Borrowing After $8.7M Oracle Attack on MAMO Market

According to Peckshield and confirmed by Moonwell, the lending protocol restricted borrowing across all Core Markets on Base following an $8.7 million security incident. Attackers manipulated MAMO token oracle prices to extract digital assets, including wrapped bitcoin (cbBTC), from the MAMO Core Market. Moonwell capped borrow limits to 1 wei to prevent further borrowing, while also restricting MAMO and WELL supply caps to 1 wei. Ecosystem partner Zyfai disabled affected Morpho vaults and safely
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BTC1.86%
MORPHO4.25%
20:02

Nvidia Moves to Acquire Hugging Face for $12.9 Billion

According to The Information and CNBC, Nvidia is moving forward to acquire Hugging Face for $12.9 billion. The deal, which is not yet finalized, would expand the hardware giant's integration with the AI industry. Hugging Face is a cloud repository where developers and researchers share, download, and fine-tune AI models.
19:57

Japan Bitcoin Industry Launches Aurora Self-Custodial Payment Platform at Bitcoin Asia, Targets Anime Content Market Worth 2.17 Trillion Yen

According to ChainCatcher, Japan Bitcoin Industry Co., Ltd. launched Aurora, a self-custodial Bitcoin payment platform, at the Bitcoin Asia conference in Hong Kong. The platform enables international customers to purchase anime, manga, and gaming content using Bitcoin Lightning Network, while providing Japanese merchants with point-of-sale and API tools for invoice management and payment tracking. JBI emphasized that merchants operate their own Lightning Network nodes and directly receive custom
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BTC1.86%
19:56

OCC and FDIC to Announce New Rules on Thursday

According to Financial Times, the U.S. Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) will announce a new set of rules on Thursday (August 28).
19:55

Anthropic-Backed PAC Donates $500,000 to Support Markey in Massachusetts Senate Primary on September 2

According to CNBC reporting and Federal Election Commission filings, Anthropic-backed nonprofit Public First Action donated $500,000 to Commonwealth Together, a PAC supporting incumbent Senator Ed Markey, ahead of Massachusetts' September 2 Democratic Senate primary. The donation reflects Anthropic's backing of Markey, who has championed AI regulation, against challenger Representative Seth Moulton. Recent polling shows Markey leading Moulton by 35 percentage points.
19:52

Bitfinex Securities Completes Record $50M Tokenized Raise for Alkemya

Bitfinex Securities has completed a $50 million tokenized capital raise for metals company Alkemya, marking the platform's largest transaction to date. The financing was conducted through ALKN, a tokenized security representing limited partnership interests in Luxembourg-based Alkemya Metacore SCSp. The partnership owns approximately 7 million meters of 99.99% pure nickel wire, independently valued at roughly $1.64 billion. The deal surpasses Bitfinex Securities' previous record of $30 million f
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19:51

Bitcoin Options Worth $6.4 Billion Expire Friday on Deribit; Max Pain at $68K–$70K

According to TheStreet, 81,700 Bitcoin options worth $6.44 billion expire on Deribit at 08:00 UTC Friday (August 28). The expiry includes 44,639 calls and 37,061 puts, for a put-to-call ratio of 0.83, which leans bullish. Deribit's max pain level sits between $68,000 and $70,000, roughly $9,000–$11,000 below Bitcoin's current price near $79,000. Open interest is concentrated at the $75,000 and $80,000 strikes, with more than $500 million in notional value within 5% of spot price. Options expirie
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19:51

Gold Futures Rise $10.70 on August 27 as Dollar Weakens

According to CME/COMEX data, December gold futures rose $10.70 (0.23%) to $4,664 per ounce on August 27 as the U.S. dollar index declined 0.01%. Gold typically benefits from dollar weakness, as it becomes relatively cheaper for investors holding other major currencies. Bob Haberkorn, senior market strategist at StoneX, attributed the strength to sustained demand from exchange-traded funds and central banks seeking alternative assets to the dollar.
19:46

U.S. Federal Judge Lifts Nationwide Ban on USPS Mail-in Ballot Requirements on August 26

According to Jin10, on August 26, a U.S. federal judge lifted a nationwide ban on new regulations by the U.S. Postal Service requiring states to redesign ballot envelopes and submit voter lists. The rules allow the USPS to refuse mail delivery if states fail to meet preparation and data requirements. The U.S. Department of Justice is preparing to deploy approximately 1,000 election monitors, though multiple measures face legal and political challenges.
19:45

Iran Vows Retaliation Against U.S. Economic Pressure on August 27

According to Jin10, Iran's Supreme National Security Council Secretary Reza'i said on August 27 that Iran will retaliate against any moves to escalate economic tensions and target U.S. economic interests in the region. Reza'i stated that if conflict resumes, Iran is prepared for a new phase, and any future war will differ from previous conflicts.