Gate Crypto Flash News and Market Updates

According to Kitco News, the U.S. Bureau of Labor Statistics announced on Friday that nonfarm employment was revised down by 79,000 for the 12 months ending March 2026, representing a -0.1% adjustment. Private employment was revised down by 178,000 over the same period. Spot gold fell sharply to $4,543.80 per ounce following the announcement and last traded at $4,564.05, down 0.83% on the session.

According to CNBC, Meta's free cash flow plunged 91% in the second quarter as the company's capital expenditures jumped 88% to $31.1 billion. Alphabet posted its first-ever quarterly cash outflow since going public in 2004 after doubling capex to $44.9 billion, while Amazon posted negative free cash flow of $8.8 billion following a 68% capex increase to $54.21 billion. Microsoft saw free cash flow decline 23% to $19.6 billion despite capex more than doubling. To address mounting cash pressures,

According to Kitco News, Federal Reserve Chair Kevin Warsh said on Friday at the Jackson Hole Central Bank Symposium that price stability is more of a concern than the slowing labor market. Spot gold fell 1% to $4,552 per ounce following his speech, as markets priced in potential rate hikes. Warsh highlighted that the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7%, while the six-month change is 4.1%, indicating underlying inflation remains above the central bank'

According to CNBC, Affirm CEO Max Levchin said on Friday that high gas prices are weighing on U.S. consumer spending. The national average gas price stood at $4.09 per gallon, down from May's peak of $4.50 but still elevated. Levchin noted that consumers are seeking payment flexibility tools to manage inflationary pressures. Affirm reported fiscal Q4 revenue of $1.17 billion, beating the $1.11 billion estimate, with gross merchandise volume reaching $14.1 billion versus $13.39 billion expected.

According to industry data, South Korea's 10 major brokerages (Mirae Asset, Korea Investment, Samsung, KB, NH, Shinhan, Meritz, Kiwoom, Hana, Daeshin) posted combined net profit of 5.9 trillion won in the second quarter of 2026, up 37% quarter-on-quarter and 141% year-on-year. However, brokerage stocks have diverged sharply from earnings strength, with the Korea Exchange's securities sector index falling roughly 49% from its May 9 peak of 9,804.97 to the 5,000-5,500 range by August 28. Market an

On Aug. 21, a bridge exploit drained 14.744 million SAND from The Sandbox's Ethereum vault. On Thursday, the platform pledged to repay eligible SAND holders 1:1 from its treasury, with no new tokens minted. Users who legitimately held bridged SAND on Base or BNB Smart Chain before the attack will receive an equivalent amount of Ethereum-based SAND. The claims process is expected to open within two weeks and remain open for another two weeks. Two centralized exchanges hold over 72% of eligible ba

According to Chosun Biz Money Move, Mirae Asset Financial Group invested 1.77 trillion won in domestic artificial intelligence semiconductor companies on August 27. The investment amount represents nearly half of the group's approximately 400 billion won allocation to SpaceX, according to the company's half-year financial report.

According to the Wall Street Journal, Sheikh Tahnoon bin Zayed Al Nahyan's group backs a 49% stake in WLTC Holdings, the holding company behind World Liberty Financial's proposed U.S. trust bank. An entity affiliated with President Donald Trump's family owns another 38%. The Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval on August 14. The trust bank cannot begin operating until it satisfies additional OCC pre-opening requirements an

According to the Wall Street Journal, Sheikh Tahnoon bin Zayed Al Nahyan's group owns 49% of WLTC Holdings through StringZ Holding RSC, with an entity affiliated with US President Donald Trump's family holding another 38%. On Aug. 14, the Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval. If it receives final approval, the planned trust bank would oversee the issuance, redemption, and custody of World Liberty Financial's USD1 stablecoi

According to OneKey founder Yishi Wang, the open-source wallet provider's security team reproduced a transaction replacement attack against Ledger Ethereum app version 1.22.1 on Thursday, exploiting a previously patched vulnerability that allows attackers to overwrite a transaction while a user reviews it for signing. Ledger addressed the vulnerability with app-level safeguards in Ethereum app 1.22.2, released on Aug. 13, and fixed the underlying issue in Secure SDK 26.6.1 on Aug. 21. "No Ledger

Offshore yuan (CNH) fell 114 pips to 6.7308 against the U.S. dollar on Friday (August 28), trading within a range of 6.7176–6.7328 during the session. The currency declined approximately 0.15% for the week.

On Friday, August 28, U.S. stock index futures closed lower in New York's final session. The S&P 500 futures fell 0.24%, Dow futures declined 0.03%, and Nasdaq 100 futures dropped 0.65%. Russell 2000 futures retreated 1.31%.

According to Polish Justice Minister Waldemar Żurek, Radosław Piesiewicz, president of the Polish Olympic Committee, was detained on Aug. 27 in connection with a fraud investigation into Zondacrypto, a collapsed cryptocurrency exchange that served as the official sponsor of Poland's Olympic team for the 2026 Winter Olympics. Zondacrypto collapsed in April after prosecutors estimate clients lost at least $94 million. Former CEO Przemysław Kral reportedly fled abroad. Investigators allege Kral pro

According to CNBC, Marvell Technology shares fell 6% on Friday (Aug 28) despite beating Q2 revenue expectations, as the chipmaker's raised fiscal 2028 outlook underwhelmed investors. The company reported Q2 revenue of $2.7 billion, up 37% year-on-year and $39 million above guidance. However, Marvell's revised fiscal 2028 forecast of $18 billion (50% YoY growth) fell short of market expectations, dampening sentiment after recent optimism from its $12.2 billion Google partnership announcement.

According to a BusinessWire announcement, BitGo completed the acquisition of NYDIG's institutional trading business on Thursday, adding approximately 30 employees and expanding derivatives and financing capabilities for institutional clients. The transaction includes NYDIG's institutional client relationships and provides derivatives, structured products, financing, and capital markets services to asset managers, hedge funds, and companies. Financial terms were not disclosed.

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) reported Thursday that directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The interval, starting at 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, tracking closely with the company's geological model. A second directional hole, MD-068, returned 544 meters grading 0.45% CuEq from 145 meters depth, extending mineralizat

According to the announcement, BitGo completed the acquisition of NYDIG's institutional trading business on Thursday, August 27. The transaction includes about 30 employees and expands BitGo's derivatives, structured products, financing and capital markets capabilities. The acquired business serves asset managers, hedge funds and companies. Financial terms were not disclosed.

According to Hezbollah's Al-Manar TV, Hezbollah leader Naim Kassem called on the Lebanese government to cancel the Lebanese-Israeli-American trilateral framework agreement on August 28, stating the accord damages Lebanon's sovereignty and fails to protect Lebanese interests. Kassem described the agreement as illegal, unjustified, and humiliating during remarks made in southern Beirut.

According to Xinhua, on August 28, Chile, Argentina, Bolivia, and Peru signed a joint statement following a ministerial-level meeting in Santiago. The declaration calls for strengthened regional cooperation on sustainable development of critical minerals, technology exchange, and investment to enhance the region's position in the global critical minerals supply chain.

Federal Reserve Chair Powell's hawkish speech at the Jackson Hole Global Central Bank Conference on Friday (Aug 28) triggered a sharp retreat in precious metals. Spot gold fell 3.08% to close at $4,457.57 per ounce in New York late trading, after initially spiking to $4,631.61 earlier in the day. Silver declined 4.17% to $66.34 per ounce, while COMEX copper futures shed 0.84% to $6.63 per pound. On a weekly basis, gold retreated 3.22% this week.