Gate Crypto Flash News and Market Updates

According to Bitcoin News, Strive Asset Management purchased 1110 Bitcoin for approximately $81.5 million between August 17-21, bringing total holdings to 21356 BTC valued at approximately $1.7 billion at current prices. The purchase makes Strive the 7th largest Bitcoin holder among publicly traded companies. The average cost per Bitcoin, including fees and related expenses, was $73409. Strive financed the acquisition through the issuance of additional Class A common stock and SATA preferred sha

According to Bitcoin Policy Institute, on August 26, the organization appointed Conner Brown, former advisor to Senator Cynthia Lummis, as its new Executive Director. Antonin "AJ" Scalia joins as Chief Operating Officer, Andrew M. Bailey as Senior Director of Education, and Matthew Burtell as Director of Special Projects. Former Executive Director Grant McCarty will transition to Senior Advisor while pursuing a law degree at University of Pennsylvania Law School. Senior Research Fellow William J

According to EIA data, U.S. gasoline production in the week ended August 21 reached 9.92 million barrels per day, up from 9.54 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), distillate fuel oil production rose to 5.6293 million barrels per day for the week ended August 21, up from 5.5536 million barrels per day in the prior week.

According to the U.S. Energy Information Administration, American crude oil production rose to 19.987 million barrels per day for the week ending August 21, up from 19.794 million barrels per day in the prior week.

According to Bloomberg reporter Emily Nicolle, Bitcoin surged 23% this week, marking its largest weekly gain in over three years and ending a prolonged period of sideways trading since summer. U.S. Treasury Secretary Bessent's proposal to expand long-term Treasury repurchase programs prompted market concerns over U.S. debt and dollar depreciation, directing investment flows toward alternative assets like Bitcoin. The cryptocurrency briefly broke through the $80,000 level before stabilizing.

According to Morgan Stanley Wealth Management chief economist Ellen Zentner, July's core personal consumption expenditures index rose 0.2% month-over-month and 3.3% year-over-year, both meeting expectations. While the modest upside surprise and relatively strong economic performance are unwelcome to investors and the Federal Reserve, Zentner noted the data is insufficient to change the policy trajectory for the September Federal Open Market Committee meeting.

According to the U.S. Energy Information Administration (EIA), refinery product supplied declined by 2.228 million barrels for the week ended August 21, compared to a decrease of 1.53 million barrels in the previous week.

According to EIA data, U.S. crude oil imports for the week ended August 21 fell by 161,000 barrels, compared to a decline of 1.754 million barrels in the previous week.

U.S. crude oil inventory declined by 95,000 barrels for the week ending August 21, according to the Energy Information Administration (EIA), falling short of market expectations of 597,000 barrels and contrasting with the previous week's build of 4.405 million barrels.

According to the U.S. Energy Information Administration (EIA), refining oil inventories declined by 22.28 million barrels in the week of August 21, compared with a decline of 15.3 million barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), refined oil inventories fell 222.8 million barrels for the week through August 21, beating expectations of a 157 million barrel decline and a prior week decrease of 153 million barrels.

According to EIA data, U.S. crude oil production fell by 0.2 thousand barrels per day in the week ended August 21, 2026, compared to 21.6 thousand barrels per day in the prior week.

According to EIA data, U.S. heating oil inventories rose 27,000 barrels for the week ending August 21, compared with a decline of 537,000 barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), crude oil inventories declined by 950,000 barrels for the week of August 21, compared with a previous build of 4.405 million barrels.

According to the company's Q2 earnings report on August 26, Bath & Body Works' digital business returned to growth for the first time in five years, driving net profit to $118 million, up from $64 million in the prior year. Adjusted earnings per share reached $0.62, though this included an $80 million tariff refund. The company raised its full-year adjusted EPS guidance to $2.60-2.80 from the prior range of $2.40-2.65. However, Q3 guidance remained cautious, with adjusted EPS projected at only $

According to the U.S. Energy Information Administration (EIA), American crude oil inventories rose 95,000 barrels last week, significantly below Bloomberg consensus expectations of 2 million barrels and analyst forecasts of 1.39 million barrels. The prior week saw an increase of 4.405 million barrels.

According to SemiAnalysis founder Dylan Patel, OpenAI is likely headed to profitability in the third quarter of 2026. This follows Anthropic's shift to profitability in Q2 2026. OpenAI's second-quarter revenue reached $6.7 billion, up 18% from $5.7 billion in Q1. Following the launch of new models in July, the company's annualized revenue has accelerated to over $40 billion, marking a 35% increase. As user demand and enterprise adoption continue to grow, major AI firms are increasingly able to f

According to the U.S. Energy Information Administration (EIA), American gasoline inventories declined by 2.536 million barrels in the week ending August 21, reversing from the previous week's increase of 688,000 barrels.

According to EIA data, U.S. crude oil refinery inventories fell 2.228 million barrels for the week ending August 21, compared to a decline of 1.53 million barrels in the prior week.