Gate Crypto Flash News and Market Updates

According to HyperliquidNews, stablecoins saw $668 million in inflows this week (through Aug 23), marking the third highest weekly inflow on record. USDC on Ethereum accounted for 97.98% of the total inflows.

According to MetaMask and Polymarket data, Ethereum returned to $2,436.19 on August 23, reaching a market capitalization of $293.9 billion with $15.2 billion in 24-hour trading volume. ETH has surged approximately 30% since August 16 when it traded at $1,878.33, driven partly by short liquidations. Polymarket trading activity shows roughly $2 million in cumulative volume across contracts betting ETH will drop to $1,000 or lower by year-end, despite currently representing only a 6% implied probab

According to The Washington Post citing U.S. Department of Defense casualty statistics, U.S. military casualties in the Iran war have risen to 774, including 18 killed and 756 wounded.

According to Israeli Prime Minister's Office, Prime Minister Benjamin Netanyahu and Defense Minister Yoav Katz held a security assessment meeting on Sunday evening to address threats from Gaza involving drones, balloons, and kites being launched toward Israel. Israel issued a warning to Hamas that if such launch activities targeting Israel do not cease immediately, the Israeli Defense Forces will intensify precision strikes against personnel responsible for the launches.

According to BlockBeats, Eiden Liu exited GANA Foundation on August 24 and launched a personal compensation plan targeting 100% repayment to approximately 20,000 addresses. The repayment will be processed in batches based on verified on-chain data over an estimated 2-3 year period.

According to Iran's Mehr News Agency, Iran's parliamentary committee on national security and foreign policy approved charges on Sunday (August 24) for maritime services, environmental services, emergency fuel supplies, insurance, and security provided to vessels transiting the Strait of Hormuz. The fees will be levied on authorized ships in rials or other currencies designated by Iran. Committee spokesperson Hassan Kashkavai stated that the charges reflect coastal nations' rights under internat

According to Coinglass data, Coinbase's Bitcoin premium index reached positive territory on August 24, reporting 0.0052% for the first time since May 19, ending a 97-day negative premium streak. The index, which measures the price difference between Coinbase Pro and Binance, had previously experienced its longest negative premium period of 40 consecutive days from January 16 to February 24, 2026.

According to CoinGecko, XRP rallied to $1.47 as of 23 August 2026, up 47% in seven days, driven primarily by short covering rather than new institutional investment demand. More than $3.3 billion of short positions were closed across 19–21 August as the broader crypto market recovered, while US spot XRP ETF net inflows totalled only roughly $13.24 million over the same period—accounting for just 0.045% of XRP's $29.7 billion market capitalisation gain. According to SoSoValue data, US spot XRP ET

According to Bitcoin.com News, U.S. Senator Kirsten Gillibrand on August 23 called for Congress to prohibit the president, their spouse, and senior officials from issuing, promoting, or profiting from cryptocurrencies during their term, demanding inclusion of an enforceable ethics ban in the Digital Asset Market Clarity Act (CLARITY Act). A survey of 1,166 American adults conducted August 14-17 found 63% disapprove of Trump and his family's crypto profits, while 32% approve. Trump disclosed cryp

According to President Zelenskyy's statement on August 23, Ukraine denied any involvement in the Nord Stream pipeline sabotage. A Ukrainian suspect wanted by Germany was arrested in Croatia, marking the second Ukrainian national detained in connection with the case. Zelenskyy stated: "Ukraine was never involved in this action, not even in thought. I hope the investigation will be fruitful. We are ready to help anytime." Ukraine's prosecutor's office and foreign ministry are investigating the mat

According to Jin10, Japanese citizens held a rally in Tokyo today (August 23) to protest the Takayama Sanae administration's constitutional amendment attempts and military expansion initiatives. Participants strongly opposed the government's plans to revise the "Three Defense Documents" and modify the "three non-nuclear principles."

According to Bitcoin.com News, Paul Sztorc's ECX Bitcoin fork reached 25,000 blocks in just 13 hours on Aug. 23 after launching at block height 963648 with 3.53 petahash per second (PH/s) of mining hashrate. The network currently operates in Alpha phase with difficulty at 16.78 million, having adjusted rapidly from an initial setting of 1 to manage block production. Ecashpool-alpha leads the mining pool ecosystem, with additional hashrate distributed across Kikko, L2L Pool, Nurserypool, Ckpool,

According to state media CCTV, on August 22, Russian President Putin stated that Ukrainian forces have conducted missile and drone attacks against Russia over the past 40 days, but such efforts represent a failed venture that has caused no strategic shift. In response, Putin said Russian forces have escalated strikes against Ukrainian enterprises, with retaliatory attacks proving more destructive.

According to ChainCatcher, Ethereum (ETH/USDT) broke through $2,450 today, trading at $2,451.35 based on Gate's market data. The cryptocurrency gained 1.61% over the past 24 hours.

According to a Federal Reserve study released recently, cryptocurrency investors are primarily belief-driven rather than demographic-driven, with crypto holders expecting average returns of 22% over the next year compared to 7% among non-holders. Research from the Federal Reserve Bank of Cleveland, based on U.S. household survey data covering up to 25,000 families per round, found that a 1 percentage point increase in expected returns correlates with roughly 0.8 percentage point increase in prob

According to Upbit DataLab, XRP dominated trading activity on South Korea's largest cryptocurrency exchange on Saturday (August 23), with Upbit recording 1.15 trillion won ($830 million) in volume within a single hour. XRP accounted for 32.20% of the exchange's 24-hour trading volume, far ahead of TRUMP meme coin at 10.93%. Daily volume surged to approximately $3.81 billion, up 273% from August 21's $1.84 billion—the exchange's highest level since mid-March.

According to Coinglass data, the cryptocurrency market recorded $405 million in contract liquidations over the past 24 hours on August 23, with long positions accounting for $246 million and short positions $159 million. Bitcoin liquidations totaled approximately $94.67 million, while Ethereum reached $132 million. The largest single liquidation occurred on Binance ETHUSDT pair, worth $11.73 million.

According to an interview with Decrypt, Bitcoin Red Team member Calle said the group was formed as an emergency effort to identify security threats across the Bitcoin ecosystem as AI capabilities advance. The team, consisting of about 20 to 25 volunteers, has proactively scanned much of Bitcoin's significant open-source ecosystem and works directly with projects to identify and fix vulnerabilities. Calle noted that Chinese AI models are used far more than U.S. counterparts for security research

According to BankXRP, XRP's market capitalization reached approximately $94 billion recently, surpassing Belarus' estimated 2025 GDP of $93.4 billion based on World Bank figures. With XRP trading at $1.51, the token has marked another significant milestone in its recent rally. Market commentator ChartNerd reported that XRP open interest surged from roughly $2.3 billion to $3.56 billion, reflecting increased positioning in futures and perpetual contracts. The rise coincides with large holders acc

According to HyperliquidNews monitoring, HyperEVM's average Gwei value surged from approximately 0.15 Gwei on August 22 to 3 Gwei, and further climbed to 60 Gwei on August 23, representing a 400-fold increase over the two-day period.