Gate Crypto Flash News and Market Updates

On Thursday, New Zealand's ACT Party proposed waiving capital gains tax on cryptocurrency assets held for over one year to encourage long-term retail investments, according to the party's official statement. The conservative party, which holds 11 seats in Parliament, exempts individual investors from capital gains tax on crypto held longer than 12 months, while professional traders and assets held less than a year remain subject to existing tax rules. Additionally, the proposal exempts small per

Jakarta-based Ajaib, an investment platform offering stock and crypto trading in Indonesia, closed a $270 million Series C funding round from Japan's SBI Holdings on August 28. The oversubscribed round values the company above its 2021 unicorn valuation and brings total funding to over $500 million. SBI is investing as a partner to support Ajaib's expansion and hiring across Indonesia and the region.

According to Odaily, the probability that Moonshot will rank second among Chinese AI companies on Arena.ai's Text Arena Overall leaderboard reached 91% on Polymarket as of late August, up 72% in 24 hours. The ranking will be determined on September 1 at 00:00 Beijing time (August 31 at 12:00 Eastern Time) by checking Arena.ai's leaderboard and counting only major companies within China's AI ecosystem, including Alibaba, Moonshot, Baidu, Zhipu AI, Xiaomi, DeepSeek, ByteDance, MiniMax, Meituan, Te

According to Pons official data, more than 63% of Robinhood Chain Launchpad trading volume was processed through the Pons platform yesterday (August 27).

According to CME data, on August 27, energy and precious metals futures showed divergent trading patterns. WTI crude oil volume increased 24,318 contracts to 639,635, with open interest rising 2,394 contracts to 1,911,466. Brent crude oil volume grew 13,696 contracts to 141,740, and open interest climbed 6,422 contracts to 274,595. In precious metals, silver and copper posted declines: silver volume fell 10,019 contracts to 82,297 with open interest down 525 contracts; copper volume decreased 19

A 5.1-magnitude earthquake struck Longchang City, Neijiang, Sichuan Province at 1:13 p.m. on August 28, according to the China Earthquake Networks Center. The epicenter was located at a depth of 13 kilometers.

According to Jin10 data, Natalia Lojevsky, Managing Director at CIFC Asset Management, said on August 28 that bond buybacks will not eliminate debt and therefore cannot address the structural issues driving rising yields. "The U.S. Treasury is purchasing bonds and refinancing through shorter-duration issuance. This is duration swapping, not deleveraging," she stated, adding that the Treasury is treating a supply problem as a liquidity issue. The longer end of the U.S. Treasury yield curve faces

According to Jin10 Data citing Reuters survey, South Korea's August exports are expected to grow 62.6% year-over-year, marking the 15th consecutive month of growth. The forecast, based on a median prediction from ten economists, broadly aligns with July's robust 63% expansion. Samsung Electronics and SK Hynix, the two major memory chip makers, are driving the export surge, powered by surging global artificial intelligence chip demand.

According to BlockBeats and CoinGlass, on August 28, Bitcoin trades at $79,564.25 (up 1.24% in 24 hours) with weighted funding rates of 0.0070% and 0.0057%, both in neutral territory. Ethereum trades at $2,482.63 (down 0.07% in 24 hours) with weighted funding rates of 0.0027% and 0.0039%, both below the 0.005% threshold indicating bearish sentiment in derivatives markets.

According to JPMorgan's July 24 report "Food Security is National Security," the bank projects global food inflation could reach approximately 5% annualized in the first half of 2027, nearly doubling from an estimated 2.8% in the same period of 2026. Two factors compound the outlook: Middle East conflict and Strait of Hormuz closures have fractured the fertilizer supply chain, with the region accounting for roughly 42% of global urea exports and about 27% of ammonia exports. Concurrently, JPMorg

According to Treasury Secretary Scott Bessent's announcement on August 25, the U.S. designated over 60 Iranian-linked entities across five sectors—digital assets, technology, gold, aviation, and shipping—under a sweeping sanctions package called Operation Economic Outcast. The sanctions notably excluded major state-backed Chinese banks, despite congressional pressure to target institutions that handle an estimated 80-90% of Iran's seaborne crude exports. President Trump responded to questions ab

According to USNI News on August 26, the USS Theodore Roosevelt nuclear-powered aircraft carrier will deploy to the Middle East within weeks from San Diego to relieve the USS George Washington after more than a seven-month mission. The deployment comes as the USS Abraham Lincoln, which completed an eight-month deployment in the region, returned on August 20 after being relieved by Washington.

According to Foresight News, Brian Roberts, head of stock product development at Hong Kong Exchanges and Clearing (HKEX), stated at the Bitcoin Asia 2026 conference that mainland China would need to launch its own cryptocurrency-tracking ETFs comparable to Hong Kong's offerings before bitcoin ETFs could be included in the Stock Connect mechanism. Roberts emphasized that mutual access has always been built on the principle of mutual recognition, with both jurisdictions' products needing to be equ

According to the Wall Street Journal citing sources, Chinese AI startup DeepSeek is seeking to raise $7.4 billion to fund research and expand computing infrastructure as of August 28. The financing round values the company at $74 billion, up from over $50 billion in June. The company aims to go public next year. Existing shareholders including investors Monolith Management and Shixiang, as well as battery maker CATL, plan to participate in the round. DeepSeek disclosed annual recurring revenue o

According to Twenty One Capital CEO Raphael Zagury at Bitcoin Asia 2026 in Hong Kong on August 28, Bitcoin is experiencing its first hashrate bear market. Network hashrate has declined from a peak of 1.3 ZH/s reached in late 2025, marking the longest period below this level in history. Zagury noted that while most publicly listed mining firms are exiting the industry, the hashrate downturn benefits miners that remain, as their network share naturally increases. He attributed past mining failures

According to New York Times reporting, Donald Trump Jr. urged Republican state attorneys general in March not to pursue prediction markets, arguing that states should instead fall under federal oversight rather than state gambling regulations. Trump Jr. made the remarks at a Republican Attorneys General Association event in New Orleans, claiming states were being influenced by gambling companies seeking to protect their "monopolies." The comments drew attention due to his financial ties to both

According to Bloomberg, a consortium led by private equity firm Advent International and payments giant Stripe has decided to abandon its plan to acquire PayPal. The group had previously submitted an offer exceeding $50 billion for the company. Sources indicated that the situation may change in the future, with Advent and Stripe retaining the possibility of resubmitting an acquisition proposal.

According to Jin10, Thai central bank governor Wattanachai said on August 28 that the central bank may further tighten gold trading restrictions if necessary. Online gold trading limits could be reduced from 50 million baht (approximately $1.5 million) to 30 million baht or lower. Current restrictions implemented in March have proven effective in weakening the link between gold prices and the Thai baht; the 60-day correlation coefficient declined from a high of 0.85 last year to 0.3 in April, th

According to China Earthquake Networks Center, a 4.9-magnitude earthquake occurred near Lonchangg City, Neijiang, Sichuan Province at 1:13 p.m. on August 28 (coordinates: 29.25°N, 105.21°E). The final magnitude will be confirmed by official rapid report.

According to Goldman Sachs strategist Rich Privorotsky on Aug 28, oil price movements may have a greater impact on markets than Federal Reserve Chair Powell's Jackson Hole speech. The bank believes the market may be overweighting Powell's remarks while underestimating oil's influence on inflation and financial markets. Privorotsky stated that unless Powell's comments significantly deviate from his previous policy stance, the Jackson Hole meeting may not pose a major event risk.