Gate Crypto Flash News and Market Updates

According to Bloomberg, Huawei submitted a proposal to Egypt's government on August 26 to build an AI data center within 12 months, including exports of 1,408 Ascend 950 chips for training and an additional 600 Ascend 950 or 910B chips for inference clusters. The U.S. State Department has separately approached Nvidia, AMD, and Microsoft to form a consortium offering competing bids. The project marks the first direct competition between China and the United States in a single government AI data c

According to Moderna and Merck, the two companies recently announced positive results from a Phase 3 clinical trial of Intismeran Autogene (mRNA-4157/V940), their co-developed personalized mRNA cancer vaccine combined with PD-1 inhibitor pembrolizumab, in treating melanoma. Both recurrence-free survival and distant metastasis-free survival met primary endpoints.

According to ChainCatcher, AI security startup Alice announced completion of $140 million funding led by Apax Partners' Apax Digital, with participation from cybersecurity firm SentinelOne and Samsung Electronics. The funding round values the company at nearly $1 billion. Alice provides security protection for AI models, helping enterprises mitigate risks of misuse, attacks, and anomalous behavior in AI systems. The company has established partnerships with leading AI industry players including

According to Bloomberg, Wrtn Technologies completed a Series C funding round raising approximately $72.32 million (1 trillion Korean won), with a post-money valuation of $870 million (1.2 trillion Korean won). The Seoul-based AI startup plans to deploy the capital for global expansion.

According to Reuters, Chinese AI startup Moonshot AI is in talks with Microsoft, Amazon, and Google on August 26 to host its Kimi K3 model on their cloud platforms with up to 30% revenue share. The discussions, which remain in preliminary stages, could mark the first major revenue-sharing deal between a Chinese AI company and major U.S. cloud providers. The three companies did not comment.

According to Jin10, Qatar's Foreign Ministry spokesman Ansari stated on August 25 that Israel is not a peace partner, citing its activities in Gaza, the West Bank, and attacks on Syrian and Lebanese sovereignty. Ansari emphasized that Qatar prioritizes achieving diplomatic solutions through dialogue as the only way to resolve regional crises and called for international pressure on Israel to respect agreed-upon agreements. He noted that the "ball" is now in Israel's court and that Israel must co

According to ChainCatcher, the probability of Ethereum reaching $2,500 in the remainder of August has risen to 86% on Polymarket, up 36% in 24 hours. The prediction market uses Binance ETH/USDT as the price reference.

According to Reuters, on August 26, the S&P 500 index is now forecast to reach 7,900 by the end of 2026, up from 7,620 in May's survey. The Dow Jones Industrial Average is projected to hit 54,500 by year-end 2026, compared to 52,500 in the previous forecast.

According to Bank of America, on August 26, the bank maintained its buy rating and $350 price target for Nvidia (NVDA). The firm expects the chipmaker's second-quarter revenue and forward guidance to beat market expectations by 3% to 4%, driven by Vera Rubin production expansion. Bank of America noted that investors should focus on whether Nvidia discloses multi-year off-balance-sheet commitments made to secure chip supply, power, AI models, and customer demand. The bank highlighted that Nvidia'

According to Bitcoin.com News, Hyperliquid's AQAv2 (Aligned Quote Asset v2) upgrade is now live after receiving 69.08% validator approval. The mechanism directs 90% of yield generated on approximately $5 billion in USDC reserves back to the protocol for HYPE token buybacks, with payments processing in 30-day cycles and the first payment due October 3. With current reserve yields, the arrangement is expected to generate between $135 million and $160 million annually for buybacks, adding to roughl

According to China's National Development and Reform Commission (NDRC), on August 25 afternoon, NDRC Vice Director Zhou Haibing and UAE Investment Ministry Vice Minister Al Hawwai jointly presided over a meeting of the China-UAE Investment Cooperation Committee Secretariat in Beijing. The two sides reviewed recent work progress and exchanged views on advancing investment cooperation projects, establishing a business advisory committee, organizing enterprise matchmaking activities, and developing

According to Jin10, Zhou Haibing, Vice Director of China's National Development and Reform Commission, and Alhawei, Vice Minister of the UAE's Investment Ministry, co-chaired the secretariat meeting of the China-UAE High-Level Investment Cooperation Committee on August 25 in Beijing. The two sides reviewed recent work progress and exchanged views on advancing investment cooperation projects, establishing an enterprise advisory committee, organizing business matchmaking activities, and developing

According to BlockBeats, CZ stated on August 26 at the 2026 Wyoming Blockchain Summit that the CFTC chief will seek to enable Hyperliquid's entry into the U.S. market, following Trump's mention of the platform. CZ believes this development would constitute a major positive for the crypto industry. CZ added that if Hyperliquid gains compliance-compliant operation in the U.S., it would open the door for perpetual futures and additional decentralized services to enter the market. He noted that Hype

SpaceX and Louisiana state government announced on August 25 plans to invest $100 billion to build Starbase Louisiana, a massive rocket launch facility on Pecan Island covering 125,000 acres. The base will include five launch complexes with two pads each, designed to support over 30 Starship launches per day and generate over 3,000 jobs. Construction begins next year, targeting first launch in 2029. CEO Elon Musk stated the facility will ultimately feature over a dozen launch towers, making it E

According to Odaily Meme, BNBDOG token on the Binance Smart Chain surpassed a $540,000 market cap on August 26, International Dog Day. Binance marked the occasion with a social media post featuring a dog image and the caption "you have the ball."

According to Odaily, Nvidia's second-quarter revenue is expected to nearly double to approximately $92.2 billion, driven by sustained demand for data center products. However, Wall Street's focus has shifted beyond earnings performance to the company's potential $200 billion in AI infrastructure financing exposure by 2028, with investors seeking clarity on off-balance-sheet commitments related to AI infrastructure financing, supply, and power.

According to BBC, Prince Harry, Meghan, and their children are returning to the UK today.

According to Alibaba's announcement, the company completed its placement of 710 million new shares today (August 26). The shares were placed with not fewer than six subscribers at HK$112.70 per share, representing approximately 3.57% of the enlarged issued share capital. The gross proceeds amounted to approximately HK$80 billion, with net proceeds of approximately HK$79.7 billion.

IBM has released the Granite 4.2 family of open-weight large language models available for download and self-hosting, recently. The new models come in three parameter sizes: 3B, 8B, and 30B variants, each featuring a native 128,000-token context window. The 8B and 30B models underwent agentic reinforcement learning training to support advanced capabilities including terminal access, web search, and external tool integration. While the 3B variant also supports tools, it lacks the same specialized

According to BlockBeats on August 26, Chanxin Technology announced that its over-allotment option for the initial public offering and listing on the Shanghai Stock Exchange's STAR Market has been fully exercised, resulting in an additional issuance of 1.003 billion shares and bringing total share capital to 67.884 billion shares. Because share prices remained above the offering price of 8.66 yuan per share throughout the exercise period, the lead underwriter China International Capital Corporati