Gate Crypto Flash News and Market Updates

The South Korean won strengthened to 1,376.50 against the US dollar, reaching its highest level since mid-September 2025.

According to Reuters, a U.S. sailor serving aboard the USS Abraham Lincoln reported on Aug. 24 that his father, Luis Manuel Aviles Roa, was detained by U.S. immigration authorities while he has been deployed to the Middle East for over 9 months. The Department of Homeland Security confirmed that the Border Patrol arrested Aviles Roa for illegal entry and said he will remain in ICE custody pending deportation proceedings. The sailor, Joshua Aviles, stated his father holds a driver's license, soci

According to Benzinga, analyst Dan Ives highlighted a severe supply shortage in the AI memory market, with the demand-to-supply ratio reaching approximately 15:1. The DRAM ETF and memory-focused stocks such as Micron Technology (MU) have attracted strong investor attention in recent months. Ives noted that as memory demand and prices rise in tandem, major corporations including Apple must absorb higher memory costs. "Memory suppliers now hold the leverage; everyone else pays the price," Ives sta

According to Vercel CEO Guillermo Rauch, on August 22, open-source models accounted for 62% of token traffic on Vercel's AI Gateway, up from 28.4% on June 24. Closed-source models declined to 38% from 71.6% over the same period. DeepSeek surpassed Google as the second-largest model by token consumption in July, while open-source models consumed 36% of tokens but generated only 8.6% of spending.

According to Coinglass, 38.8 million USDT were transferred into Binance on August 24 at 12:01 UTC from an unknown wallet.

According to Morgan Stanley's Global Head of Fixed Income Research Andrew Sheets, U.S. federal debt surpassing $40 trillion does not necessarily signal an imminent economic crisis; the true concern lies in whether investors may eventually shift portfolio allocations from stocks to bonds and whether corporate earnings growth can sustain current asset valuations. Sheets noted that federal debt has increased by $20 trillion over the past decade, with over $1 trillion added in just the past three mo

According to The Block, Bitcoin (BTC) recorded its largest dollar-denominated weekly gain in history during the week ended August 21, gaining $14,264 to close at $77,387 for a 22.7% increase. The rally was triggered by the U.S. Treasury Department's announcement of an expansion of its buyback program. Spot Bitcoin ETFs reported $1.92 billion in total net inflows during the same week, according to SoSoValue data, marking the largest amount since October 2025. Matt Cole, Chairman and CEO of Strive

The U.S. Dollar Index is currently trading at 98.84, down 0.01% intraday, according to Garnman data.

According to Goldman Sachs, yesterday (August 23) the investment bank raised its 2026 wafer-front-end equipment (WFE) forecast to $150 billion, up 6% from prior estimates. The revised forecasts for 2027 and 2028 stand at $218 billion and $281 billion respectively, representing increases of 17% and 35%. The adjusted year-over-year growth rates for the three-year period are now 36%, 45%, and 29%, versus previous expectations of 28%, 32%, and 12%.

According to Act, a minority shareholder platform, SK D&D shareholders gathered more than 3% of issued shares today (August 24) to formally request convening an extraordinary general meeting. The move seeks to add independent supervisors amid the company's large-scale paid-in capital increase this year, following last year's take-private bid.

According to traders, India's central bank (RBI) may intervene in the foreign exchange market on Monday to support the rupee. The intervention would likely be executed through state-owned banks selling U.S. dollars, aimed at mitigating pressure from U.S.-Iran conflict uncertainty and corporate hedging outflows.

According to the Bank of Korea, on August 24, the central bank's 91-day stabilization bonds were auctioned at 2.965%, marking the first time in 3.5 years the rate exceeded the comparable 91-day certificate of deposit (CD) rate. The auction yield rose 25.5 basis points from the previous sale, with a bid-to-cover ratio of 165%, the lowest in two months. Market analysts interpret the move as preparatory positioning ahead of the Bank's monetary policy committee meeting later this week, signaling pot

Gate News message, institutional crypto custodian Ceffu withdrew 120M USDC from Ethena's Coinbase Prime Custody wallets across 6 transactions over the past day. The latest withdrawal was 30M USDC, approximately 6 hours ago. Address: 0x00669Bf9BA4EAab1BBd301C1ccDf69932F521049.

According to TechCrunch, Nvidia announced a stake in Cloverleaf Infrastructure on Friday (August 21), with investment potentially reaching hundreds of millions of dollars according to Wall Street Journal reporting. Cloverleaf, founded in 2024 and previously funded with $300 million, serves as an intermediary between utility companies and data centers, providing power and critical infrastructure for site development. Reuters reported that Nvidia currently holds a minority stake in the company.

According to ChainCatcher citing GMGN data, Solana-based Creator Capital token's market cap surged past $9.4 million with gains exceeding 200% in 24 hours on August 24, currently trading near $9 million. Creator Capital is a trading protocol built around X, TikTok, and Instagram creator accounts, with protocol revenue allocated to on-chain buybacks and token burns. The token is highly volatile and susceptible to market sentiment shifts; traders should exercise caution.

According to CCTV News, a 4.7-magnitude earthquake struck Changning County, Yibin, Sichuan Province on August 24 at 8:26 a.m., with an epicenter depth of 5 kilometers (located at 28.33°N, 104.98°E). Following the quake, China's Earthquake Administration activated a Level 4 emergency response, directing the China Earthquake Networks Center and Sichuan Province Earthquake Bureau to coordinate disaster relief efforts and monitor seismic activity.

According to Guru Club, Hong Kong Finance Secretary Chen Mao-bo said on August 24 that emerging technologies will continue to reshape the job market, requiring Hong Kong to accelerate efforts to address employment challenges. Chen emphasized that young people must acquire new skills early to adapt to the technology transition, while the government will support small and medium-sized enterprises in preparing for these changes.

According to Guru Club, on August 24, China's domestic futures markets closed mostly higher in morning trading, with container shipping routes to Europe rising over 7%. Ethylene glycol surged over 5%, coke gained nearly 4%, and coking coal, lithium carbonate, caustic soda, and Shanghai gold each advanced nearly 3%. Soda ash and glass climbed over 2%. Apple and polysilicon declined nearly 2%, while rapeseed and live hog futures fell over 1%. Paraxylene, rapeseed oil, and purified terephthalic aci

According to Guru Club, on August 24, OpenAI CEO Sam Altman expressed concerns during a podcast interview that artificial intelligence could be controlled by a small number of companies, models, or individuals, limiting consumer influence over how the technology develops. Altman also expressed worry that AI could eventually escape human control. He noted a paradox: fears about the latter scenario might paradoxically make the former scenario—AI concentration among few actors—more likely to occur.

According to Wall Street Journal, Walmart recently launched Scenario, a fashion brand with trend-driven apparel and accessories priced below $25, targeting Gen Z and millennials to recapture discretionary spending currently going to Amazon and other competitors. Walmart's second-quarter revenue reached $187.9 billion, up 5.9% year-over-year, with U.S. e-commerce sales rising 24%. However, comparable U.S. sales excluding fuel grew only 2.6%, and comparable store traffic increased just 1.5%. The s