Gate Crypto Flash News and Market Updates

According to Nepal Police, as of 6 a.m. local time on Aug 29, the death toll from flash floods in Nepal's northern region has risen to 616.

According to Lei Jun via Weibo on Aug 29, Changhsin has achieved LPDDR6 memory mass production. The Xuanxi O3 becomes the first device to support Changhsin LPDDR6, with Xiaomi 18Fold as the first flagship model to feature the new memory.

According to ChainCatcher, Solana Meme coin GOLD surged over 478x in 24 hours today, with market cap breaking $13.8 million and currently trading around $13.8 million according to GMGN data. The project, branded as "Trump Digital Gold," claims to be a crypto initiative by the Trump Foundation combining gold value narratives with blockchain. However, the actual association between the project and Trump or related entities remains unconfirmed. Meme coin prices are highly volatile and related narra

According to CNBC, during the second quarter, Big Tech's massive AI spending is straining balance sheets as capital expenditures outpace operating cash flow. Meta's free cash flow plunged 91% year-over-year as capex jumped 88% to $31.1 billion, while Alphabet posted its first cash outflow since going public in 2004 after capex doubled to $44.9 billion. Amazon also turned negative with an $8.8 billion cash outflow as capex surged 68% to $54.21 billion. Analysts at S&P Global warned that the hyper

According to Coinglass data, Hyperliquid whales hold $69.45 billion in positions as of Aug 29, with long positions at $32.89 billion (47.36%) and short positions at $36.55 billion (52.64%). Long positions show unrealized gains of $338 million, while short positions are down $359 million. A notable whale address (0x92ea..e9) opened a 3x leveraged long position on BTC at $77,089.9, currently with unrealized gains of $1.263 million.

According to U.S. Central Command chief Brad Cooper on August 28, approximately 50,000 American troops are currently deployed in the Middle East, with many executing a naval blockade against Iran. Since resuming the blockade in mid-July, more than 20 warships have maintained the operation.

According to on-chain analyst Yujin, Hyperliquid's largest bull trader opened 1,000 Bitcoin and 38,000 Ethereum long positions across multiple addresses overnight through this morning, worth $170 million. The Bitcoin positions average $78,758 per unit, while Ethereum positions average $2,478.60 per unit. The trader is currently down $2.39 million on the combined positions.

According to Bitfinex, Bitcoin's correlation with gold has reached historically high levels, signaling the start of a bull expansion phase. The exchange noted that its Delta-Thermo Market Multiple metric hit 2.03, crossing the 2.5x threshold that marks the beginning of a bull phase, suggesting the price has transitioned from accumulation to expansion. However, Federal Reserve Chair Kevin Warsh adopted a hawkish stance at Jackson Hole, signaling potential interest rate hikes that could threaten t

According to Lookonchain, Japanese public company MetaPlanet transferred 3,000 BTC (worth approximately $237 million) to Coinbase Prime in the past 24 hours.

China's Deputy Permanent Representative to the United Nations Sun Lei emphasized on August 28 that military measures alone cannot resolve the Haiti crisis, speaking at an open meeting of the UN Security Council on the Haiti issue.

According to Benzinga Pro, Marvell (MRVL) raised its fiscal 2027 and 2028 revenue guidance on Friday (August 28), projecting $120 billion and $180 billion respectively, increases of $500 million and $1.5 billion from prior forecasts. Despite the upgrade, the stock fell 9.96% to $217.41, as investors worried about margin pressure from custom AI chips and questioned whether revenue growth would translate to earnings expansion. Analysts highlighted the company's strategic partnership with Google (G

According to Coinglass, on Aug. 28, Bitcoin peaked at $81,455 before collapsing to $76,877, wiping out $300 million in crypto liquidations overnight. The plunge followed Federal Reserve Chair Kevin Warsh's inaugural Jackson Hole speech, during which he rejected forward guidance over persistent inflation concerns. Market analysis outlet Cryptoreviewing noted that whales maintained heavy sell walls between $80,800 and $83,000, while a $5.7 billion downward liquidity skew between $75,000 and $78,50

On Friday, President Trump signed an executive order at Johnson Space Center to establish the US Space Academy, a new educational institution under NASA jurisdiction. The academy will offer free tuition to students, who must commit to several years of service upon graduation. According to US space officials, the majority of positions will be allocated to NASA and civilian roles, with the remainder available to the US Space Force. NASA Administrator Jared Isaacman is spearheading the initiative a

According to SoSoValue, Solana spot ETFs saw net inflows of $18.08 million yesterday (August 28, U.S. Eastern Time). Bitwise Solana Staking ETF (BSOL) led the inflows with $11.20 million, bringing its historical cumulative net inflows to $1.022 billion. Grayscale Solana Trust (GSOL) followed with $3.53 million in daily inflows and $131 million in total historical net inflows. The combined SOL spot ETF market now holds $1.426 billion in total assets, with a 2.35% net asset ratio, and cumulative n

According to SoSoValue, XRP spot ETFs recorded net inflows of $26.2 million on August 28 (U.S. Eastern Time). Bitwise XRP ETF (XRP) led with $15.4 million in daily inflows, bringing its total historical net inflows to $603 million. Canary XRP ETF (XRPC) followed with $5.1 million in inflows, reaching a cumulative total of $483 million. As of reporting, XRP spot ETFs held total assets under management of $1.44 billion, with cumulative historical net inflows reaching $1.66 billion.

According to SoSoValue data, Bitwise Hyperliquid ETF (BHYP) recorded net inflows of $4.4799 million on August 28 (U.S. Eastern Time). The fund's total assets under management reached $439 million, with cumulative net inflows hitting $154 million since inception.

According to BlockBeats and GMGN data, on August 29, PONS, the native token of Robinhood Chain's token issuance platform Pons, briefly surged to a market cap of $158 million, hitting an all-time high. The token currently trades at a $148 million valuation with 24-hour gains of 29.20% and approximately $15.3 million in trading volume.

According to Fogo Foundation, the organization suffered a security breach on August 29, resulting in 400 million FOGO tokens being transferred to malicious addresses. The foundation has notified exchanges and is coordinating with law enforcement and blockchain forensics experts. The Fogo blockchain remains operational and unaffected.

B.AI announced yesterday (August 28) that it has made six top-tier AI models available for free to all users with zero restrictions. The lineup includes GLM-5.3-Flash, DeepSeek-V4-Flash, DeepSeek-V4-Flash-Vision-Exp, Hy3 (Tencent Hunyuan), MiMo-V2.5 (Xiaomi), and Qwen3.8-Flash.

According to Kitco News, Federal Reserve Chair Kevin Warsh said Friday at the Jackson Hole Central Bank Symposium that price stability is a bigger concern than the slowing labor market. Warsh noted that the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7 percent, while the six-month change is 4.1 percent. Spot gold fell in reaction to Warsh's comments, dropping 1% to trade at $4,552 per ounce. Analysts interpreted Warsh's focus on inflation as signaling a potential