Gate Crypto Flash News and Market Updates

According to MUFG, the bank's analysts recommend going long Australian dollar against the Japanese yen as effects from market intervention fade and traders reduce bets on U.S. Federal Reserve rate hikes, improving carry trade conditions. "We expect AUD/JPY to continue recovering from declines caused by intervention, as fundamental shifts supporting sustained yen appreciation have not materialized," analysts Derek Halpenny, Lee Hardman, and Abdul-Ahad Lockhart wrote in their report.

According to CCTV, Abelardo de la Espriella, 47, was inaugurated as Colombia's president in Cali on August 7, serving a four-year term. De la Espriella is a lawyer, entrepreneur, and right-wing political figure who campaigned on tough-on-crime policies and free-market economic reforms.

According to ADNOC, on August 7, the Abu Dhabi National Oil Company reported that 15 of its vessels have been attacked by missiles and drones while transiting the Strait of Hormuz since the US-Israel-Iran conflict erupted, resulting in 1 crew member killed and 20 wounded, including 3 attacks this week. The company stated it is working closely with relevant authorities to implement all necessary measures to protect employees, assets, and operational safety while maintaining customer supply. ADNOC

According to Morgan Stanley economists Seth Carpenter and Michael Gapen, the bank's base case scenario projects the Federal Reserve will reduce its balance sheet by approximately $1.5 trillion over the next two years, with the earliest start date in the first quarter of 2027. The reasonable range for the reduction is between $600 billion and $2.5 trillion.

On August 7, U.S. 2-year Treasury yield fell 5.02 basis points to 4.1952%, marking a weekly decline of 9.59 basis points. The 10-year benchmark yield dropped 3.24 basis points to 4.6454%, with a weekly retreat of 8.93 basis points. Both yields spiked downward following the release of the U.S. non-farm payroll report.

According to Statistics Canada, Canada added 75,000 jobs in July against forecasts of roughly 15,000, while U.S. payrolls declined by 23,000 during the same month, missing economist expectations by over 100,000 when including prior revisions. Canadian unemployment fell to 6.4%, a two-year low, with gains split between finance, insurance, real estate, and professional services—sectors where digital asset firms typically hire. The employment divergence pulled central bank policy paths apart. The B

According to News1, Hanwha Q Cells stock surged 32.94% over the past five trading days through August 7, driven by expectations of improved earnings from its expanded U.S. solar operations and new U.S. trade restrictions on Chinese solar supply chains. The stock rose 11.51% on August 7 alone to 33,900 Korean won. On August 6, the U.S. government announced a 15% tariff on polysilicon and solar products to reduce price competitiveness of Chinese goods. Hanwha Q Cells' subsidiary began full operati

According to Korea Exchange data, as of August 7, Micron stock rose 7.1% this month while Samsung Electronics and SK Hynix declined 12% and 17.23% respectively, driven by differences in shareholder return policies rather than earnings strength. Micron holds the highest valuation among the three memory chip makers with a 12-month forward price-to-earnings ratio of 5.7x, compared to Samsung's 3.8x and SK Hynix's 3.7x. On June 24, Micron committed to returning 100% of excess cash to shareholders, e

On Friday's New York close (August 7), U.S. equity index futures posted gains. Nasdaq 100 futures climbed 1.16%, while Russell 2000 futures gained 1.07%. S&P 500 futures rose 0.56% and Dow Jones futures increased 0.24%.

On Friday (Aug 7) New York close, offshore Chinese yuan (CNH) rose to 6.7429 against the U.S. dollar, up 47 pips from Thursday close. The currency gained 0.13% for the week, trading between 6.75 and 6.7401 during the session. The move tested key technical levels including resistance at 6.7377 (Feb 2, 2023 close) and the 50-quarter line at 6.7740.

According to the U.S. Department of Labor employment report released on August 7, the labor force participation rate fell to 61.4% in July, marking the lowest level since March 1976 (excluding pandemic-era disruptions). The unemployment rate declined to 4.1%, down 0.1 percentage point from June. The decline in participation was driven partly by reduced immigration, as foreign-born labor force participation fell for the fourth consecutive month in July, down 356,000. Over the four-month period fr

According to ChainCatcher and Bitcoin Treasuries.NET, publicly traded bitcoin mining company CleanSpark has increased its holdings by 7 bitcoin to a total of 13,931 BTC, ranking 11th on the Bitcoin 100 holdings list.

Spot gold rose 2.37% to $4,339.75 per ounce on Friday (August 7) as U.S. non-farm employment data triggered accelerated gains, climbing from below $4,320 to the $4,360 level. The metal posted a weekly gain of 7.27%, having traded near $4,050 on August 3-4 before advancing over the subsequent three days. Spot silver gained 3.11% to $63.46 per ounce, with weekly gains of 10.29%. COMEX gold futures rose 7.16% for the week to $4,400.70 per ounce, while COMEX silver futures climbed 10.29% to $63.72 p

According to data tracked by Bitwise in the first week of August, put options (bearish bets) represented 53.8% of Bitcoin options trading volume over the last 24 hours, with the most actively traded contracts concentrated at strike prices of $62,000 to $63,000. This indicates investors are positioning for short-term downside protection. However, 60.7% of total open positions remain in call options (bullish bets), suggesting long-term market optimism persists despite near-term hedging activity.

According to CNBC, Atlassian surged 35% on Friday, marking its best day since its 2015 IPO, while Twilio jumped over 20% and Cloudflare gained 5.6% on strong quarterly earnings reports. The rally came after a turbulent week that saw HubSpot and Datadog each plunge 19% amid investor concerns that artificial intelligence models may erode software company valuations. The momentum shift reflects growing debate over whether AI tools will fundamentally undermine the SaaS sector or offer new growth opp

According to ChainCatcher, in the past 24 hours multiple tokens declined sharply on Binance spot market. PYR fell 24.49%, STG dropped 21.08%, and ACE slumped 30.52%, all showing spike-and-pullback patterns. Several other tokens including PIXEL, SAGA, NIL, TUT, BANANAS31, and HYPER also retreated, with declines ranging between 5% and 10%.

According to The Jerusalem Post, Israel's administrative detention of Palestinian minors has surged to 191 as of March 2026, up from 103 in January 2025, according to data obtained by the Israeli NGO "Parents Against Detention of Children" from the Israeli Prison Authority. Among those detainees, the number held under administrative detention for over one year increased significantly to 50 in March 2026, compared with only 6 in March 2025.

According to UN Special Envoy Hans Grundberg, Yemen faces the highest risk of large-scale conflict resumption since a UN-brokered ceasefire was established in April 2022. Grundberg issued the statement on August 7.

Shares of Sezzle Inc (SEZL) plunged 34% on Friday, marking the worst day in a year, as investors reacted to cautious second-half guidance despite strong second-quarter results. The company reported Q2 revenue of $149.7 million, up 51.7% year-over-year and well above the $135-136 million consensus, with adjusted earnings of $1.13 per share beating the $1.03 estimate. However, executives indicated revenue growth would slow to approximately 30% in the second half of 2026. Keefe Bruyette & Woods low