Gate Crypto Flash News and Market Updates

According to bitcoin.com, Bitcoin surged past the $79,000 resistance level on Thursday and reached $80,000 per unit, bringing its market capitalization back to $1.61 trillion. The price movement comes amid broader institutional adoption and policy discussions affecting safe-haven asset demand.

According to researcher Weilin Li, Cronos halted its blockchain on Sunday after an exploit targeting decentralized lending protocol Tectonic involving an estimated $75 million in losses. Li described the attack as a "pump-and-borrow" exploit where the attacker manipulated TONIC's 20% collateral factor and thin liquidity, inflating the governance token's price by 100-fold within 20 minutes before borrowing other assets. About $60 million of the affected funds remained on the Cronos network at the

According to Bloomberg, John Ternus will become Apple Inc.'s CEO on Tuesday (September 1), immediately facing challenges including the September 9 launch of the company's first foldable iPhone, a revamped AI-powered Siri system using Google's Gemini technology, and an anticipated overhaul of Apple's senior leadership ranks. AAPL stock gained 3.6% in August and is on track to close higher for a second consecutive month, compared to a 0.3% decline in the S&P 500; Bloomberg reported that roughly ha

According to Onchain Lens, Fireblocks Custody transferred 30 million USD1 to Binance in the past 15 hours, continuing recent on-chain movements of the Trump-backed stablecoin.

According to Fortune, the global economy has remained resilient six months into the ongoing conflict between the United States, Israel, and Iran, reportedly avoiding significant disruption despite continuous geopolitical tensions. The development has benefited Wall Street and the Trump family amid military and economic maneuvers including blockades and strikes. Prediction markets show growing optimism for a potential U.S.-Iran deal in 2026, with current pricing for Iran Reconstruction Funding in

According to DTCC's announcement, on July 15, DTCC's subsidiary The Depository Trust Company and BitGo Bank & Trust successfully converted eligible US Treasuries and equities into tokenized digital twins, with BitGo serving as the OCC-regulated custodian handling settlement and onchain asset movement. The pilot involved over 30 firms including BlackRock, Goldman Sachs, and J.P. Morgan, focusing on repo and reverse repo workflows in short-term lending markets. BitGo is the sole full-service quali

Chainlink added nine new integrations spanning five services and five blockchain networks on August 30, continuing its steady infrastructure expansion. Eight platforms participated in the latest batch, including Coinbase and Robinhood Crypto. The integrations are expected to support applications including wrapped assets and cross-chain functionality through Chainlink's Data Feeds and Cross-Chain Interoperability Protocol (CCIP).

According to Yonhap Infomax, on August 31, the USD/KRW exchange rate rose to 1,375.80 won in Seoul by 11:01 a.m., up 3.30 won from the previous close of 1,372.50 won, though down 4.10 won from New York's closing price of 1,379.90 won. Fed Chair Kevin Powell's hawkish Jackson Hole speech, signaling potential rate cuts may not occur soon, supported dollar strength. Powell stated inflation progress "must be sufficiently confident" and warned "we have work to do if it is not." However, month-end reb

According to Iran's Foreign Ministry, Iranian armed forces struck U.S. military bases in Jordan on August 31 in response to U.S. attacks on Larak Island. The ministry stated that armed forces will not hesitate in exercising their inherent right of self-defense and will respond decisively to any military aggression from adversaries.

According to Iran's Foreign Ministry on August 31, the United States and countries supporting its military operations bear full responsibility for consequences of the current escalation in the region.

On August 31 morning local time, Chinese President Xi Jinping held talks with Kyrgyzstan President Sadyr Zhaparov.

According to U.S. venture capital firm Dimension, after a week of research in China visiting AI labs and founders, Chinese open-weight models have entered American AI companies' production chains. Dimension described the pattern as a "two-way cross-Pacific cycle": U.S. labs train frontier models, Chinese labs absorb these capabilities and release open-weight versions, then U.S. application companies train further on Chinese models to build products for American enterprises. However, as usage sca

According to Citi and BYD's official filing, the automaker's shares fell nearly 5% in Hong Kong on Monday following release of first-half results on Friday. BYD reported first-half revenue of 344.8 billion yuan, down 7.1% year-on-year, while net profit attributable to shareholders declined 20.5% to 12.3 billion yuan. The decline stems from sluggish domestic demand and fierce competition in China's auto industry, which squeezed profit margins amid rising costs for commodities, raw materials and c

According to Guru Club, India's Nifty IT index fell 1.74% on August 31, partially reversing a 3.5% gain from the previous Friday driven by Salesforce. Citigroup warned that software service firms face a challenging outlook amid AI disruption and intensifying competition. "From a medium-term perspective, AI's impact is real, but the pace of adoption may vary due to different factors," analyst Surendra Goyal wrote in a report, adding the IT services sector outlook "remains bleak and warrants cauti

According to Iran's state television, Iran's military struck the United Arab Emirates' Mihad Air Base with drones on Monday morning.

According to Wall Street Journal reporting, OpenAI received approximately $5.5 billion in warrants from SoftBank-backed SB Energy as an incentive to become a data center tenant, ahead of the company's planned IPO. SB Energy expects to file IPO documents this week and could go public as early as next month, targeting fundraising of $5 billion to $7 billion. Both SoftBank and OpenAI are planned as tenants for three of the company's data centers, according to IPO draft filings.

According to Iran's Labor News Agency on August 31, Israel's Hebrew television disclosed a secret Mossad plan aimed at overthrowing Iran's government, codenamed 'Puss in Boots.' The plan involved supporting Kurdish insurgents to create entry routes into Iran and inciting domestic protests to destabilize Iran's political system. The initiative was ultimately halted following opposition from the U.S. government. Israeli media reported the plan was devised by Mossad following a 12-day conflict last

According to BlockBeats, on August 31, Hyperliquid launched perpetual futures for PONS with up to 3x leverage. The mark price currently stands at $0.32999, with open interest of $524,866. The funding rate for PONS contracts is at -0.0823%.

According to market reports, the U.S. Treasury doubled its long-dated bond buyback program to $4 billion on August 19, prompting gold traders to increase bullish bets through options strategies. Gold surged over 7% within five days following the announcement, pushing prices near $4,700 per ounce. Goldman Sachs noted a notable rise in gold call option demand, describing it as a "price amplifier" that can create self-reinforcing upward momentum. The Treasury's intervention signals investor concern

Government Resolution No. 05/2025/NQ-CP, signed on September 9, 2025, established a five-year pilot program for tokenized assets in Vietnam, with licensed exchanges expected to begin operations in Q3 2026. The framework requires each tokenized asset to be backed by real-world assets and issued by a Vietnamese entity. Five exchanges are progressing toward approval: VIX Crypto Assets Exchange JSC, Loc Phat Vietnam Crypto Assets Exchange, Vietnam Prosperity Crypto Assets Exchange, Techcom Crypto As