Gate Crypto Flash News and Market Updates

According to WSJ, on August 23, Nvidia signed a $6 billion contract with AI startup Fullside to advance open-source AI model development. Nvidia will acquire a license to Fullside's technology and hire most of its engineering team. Approximately 100 employees, including engineers, will join Nvidia to contribute to the Nemotron project, an open-source AI model initiative Nvidia launched in 2023.

According to Federal Reserve officials, Fed Chair Kevin Warsh is scheduled to deliver his inaugural Jackson Hole Economic Policy Symposium keynote on August 28 at 10 a.m. ET. The speech is drawing heightened market attention amid elevated Treasury yields and policy uncertainty. Thirty-year Treasury yields have climbed to approximately 5.2%, and July FOMC meeting minutes revealed a 9-3 vote split—the widest policy division among policymakers in roughly two decades. Inflation has remained above th

According to Bitwise Asset Management, the firm reported $1.8 billion in net inflows across crypto investment products during H1 2026, despite a 36% decline in crypto asset prices over the period. The standout performer was BSOL, Bitwise's Solana staking ETF, which attracted $267.1 million in net subscriptions and ended H1 with $592.3 million in net assets. In contrast, BITB, the firm's spot Bitcoin ETF, saw $755 million in creations offset by $900 million in redemptions, resulting in a net outf

According to Ukrainian President Zelenskiy, Russia could boost annual ballistic missile production to 1,300 units and mobilize an additional 300,000 troops following September elections. Zelenskiy also stated that by 2026, he expects the territories occupied by Russia and those liberated by Ukraine to be equal.

The cryptocurrency market surged to $2.74 trillion in mid-August, adding $500 billion driven by U.S. Treasury bond buyback announcements and White House support for the sector, according to Bitcoin.com News. Bitcoin led the rally, gaining 22% to trade above $77,000, while its market capitalization reached $1.55 trillion. Zcash posted the strongest performance with a 70% weekly surge to peak above $873, while XRP gained 51% to trade near $1.70, making it the second top-performing major altcoin be

According to Jin10, Alibaba announced plans yesterday to allocate 800 billion Hong Kong dollars (approximately 102 billion USD) through a new share offering, with all proceeds directed toward artificial intelligence development and expansion.

According to Guru Club, on August 24, Michael Burry revealed he has sold all his Alibaba (BABA.N) holdings and shifted his position to JD.com (JD.O), citing overvaluation concerns. Burry previously planned to repurchase most Alibaba shares within one to two months but has now changed course, stating he will not be interested in the stock unless its price falls 50%. He also expressed opposition to Alibaba's recent equity offering to raise approximately 800 billion Hong Kong dollars for artificial

According to E Daily, BitMax (stock code 377030), a KOSDAQ-listed software company, reported a debt-to-equity ratio of 9,435% at the end of Q2 2026, the highest level among all KOSDAQ peers, jumping 8,475.6 percentage points from 959.68% at year-end 2025. Shareholders' equity collapsed to 7.7 billion won against total debt of 72.67 billion won. The company's capital erosion stemmed from unrealized losses on approximately 551 Bitcoin units held as treasury assets, as BTC prices fell from 170 mill

According to Hana Securities, on August 24, the South Korean brokerage downgraded its target price for Kakao to 50,000 won while maintaining a buy rating. The adjustment followed Kakao's announcement on August 21 to split its business into two entities via separation: Kakao AI (platform and AI operations) and Kakao X (investment, content, and tech finance), with the split effective January 1, 2027 and trading resumption scheduled for January 27. Hana Securities valued Kakao AI at 12.5 trillion w

According to U.S. Treasury Secretary Steven Mnuchin, the United States will formally announce unprecedented economic isolation measures targeting Iran on August 24. The sanctions will employ secondary measures against countries and companies conducting business with Iran, focusing on three categories of economic activity: purchasing Iranian oil, transferring funds to Iran, and maritime ship-to-ship transfers of Iranian crude. Mnuchin warned that any country providing financial support to Iran sh

According to MarketWatch, Evercore ISI analyst Amit Daryanani recently recommended six technology stocks for further gains in the second half of 2026, citing strong AI hardware spending. The list includes storage device makers Seagate (STX) and Western Digital (WDC), which have surged 207% and 170% respectively this year, alongside datacenter networking suppliers Amphenol (APH), Arista Networks (ANET), Cisco Systems (CSCO), and Apple (AAPL). Daryanani noted that continued demand for AI hardware

According to Onchain Lens, Wintermute expanded its short position on Hyperliquid from $146 million to $191 million on August 24, adding approximately $44.58 million in new short exposure. The top five short positions consist of ETH ($53.02 million), BTC ($30.66 million), SOL ($22.62 million), HYPE ($11.43 million), and XRP ($10.19 million). The address currently carries approximately $5.85 million in unrealized losses.

According to Jin10, Iran threatened on August 23 to cut oil exports from the Strait of Hormuz and Persian Gulf region if the U.S. implements economic sanctions. U.S. Treasury Secretary Bessent confirmed the specific measures will be announced on August 24.

According to U.S. Central Command, a U.S. Navy MH-60S helicopter conducted a vertical replenishment mission to the USS Boxer amphibious assault ship in Middle East waters on August 23. Supplies were provided by the USS Arctic fast combat support ship.

According to HTX, SOL breaks the $95 level, now trading at $95.11, up 2.57% over the past 24 hours.

According to data from South Korea's Financial Supervisory Service, delinquency rates for borrowers aged 60 and above hit 0.37% as of June, exceeding the national average of 0.22%, as retirees face mounting losses from stock-backed loans. Among 10 comprehensive securities firms, collateralized loans backed by semiconductor stocks including Samsung Electronics and SK Hynix totaled 2.9 trillion Korean won in May, up 24.3% year-over-year. Borrowers aged 60 and above accounted for 63% of this total,

According to Dailyan, Mirae Asset Asset Management dominated the top three positions of domestic ETF returns over the past three months as of August 24, according to data from Korea Securities Depository's SAVE platform. TIGER Euro Stoxx Leverage (Synthetic H) led with 21.88% returns, followed by TIGER Cosmetics at 18.48% and TIGER Global AI Cybersecurity at 17.62%. The leverage exposure to European equity gains, strength in Korean cosmetics exports, and rising cybersecurity demand amid AI expan

According to FinancialNews on August 24, South Korean listed companies are increasingly acquiring robotics firms to internalize physical AI technology, moving beyond minority stake investments to full ownership of operations and talent. Fintech firm Pinger agreed to acquire 79.48% of industrial robotics company Mikelo Robotics for 16 billion won, while software firm Clobot signed a contract to acquire Doosan Logistics Solutions for 68.5 billion won. Separately, Unichem announced a 100% acquisiti

According to ZeroHedge, chip and storage stocks reached their cyclical top on the same day total return swap (TRS) financing costs hit record levels on August 24. The report suggests the sector's recent rally may have been driven partly by leverage rather than fundamentals. Situational Awareness, a major participant in the space, suffered significant drawdowns and was forced to liquidate technology holdings, indicating that some gains in popular chip and AI trades may not have been entirely fund

According to Guru Club, on Monday in Asia-Pacific early trading, WTI crude oil futures fell 0.68% to $86.467 per barrel, while spot gold rose 0.31% to $4,618.86 per ounce.