Gate Crypto Flash News and Market Updates

According to Shinhan Investment Corp., South Korea's wind power industry entered a gradual recovery phase on Aug 29, with the firm upgrading sector weighting and recommending CS Wind as its top pick. The brokerage noted Europe-led price normalization, contract renewals, and policy support as tailwinds. The South Korean government expanded its 2040 wind capacity target to 60.5GW, up from an earlier 9.2GW goal for 2030, signaling accelerated offshore expansion. Shinhan also identified SK Ocean Pla

According to CCTV, on August 28, Spain requested assistance from the European Union to address a migration crisis in Ceuta, its North African enclave. Spain is seeking personnel from the European Border and Coast Guard Agency to help manage the situation. Thousands of illegal migrants remain stranded in Ceuta following a major unauthorized crossing incident in late July.

According to Coinglass data, Bitcoin peaked at $81,455 overnight on Aug. 28 following Federal Reserve Chair Kevin Warsh's Jackson Hole speech, then fell sharply to $76,877 within hours. The reversal triggered $465 million in 24-hour liquidations across derivatives markets. Market analysis from Cryptoreviewing revealed a severe liquidity imbalance, with $5.7 billion concentrated below $75,000-$78,500 versus only $2.8 billion overhead at $81,500-$84,000. Whales maintained heavy sell walls at $80,8

According to Bitget, TRUMP briefly touched $3.068 in the past 24 hours and is currently trading at $2.99, up 9.7% over the same period.

According to the UN Economic Commission for Europe, on August 28, severe drought and record-high summer temperatures in Europe and North America are intensifying pressure on forest ecosystems. Data from the European Drought Observatory, an EU-affiliated institution, shows that 50% of the EU and UK regions are currently in drought conditions, with significantly reduced precipitation adversely affecting soil moisture and forest health.

According to Kitco News, spot gold fell to a session low of $4,549.15 per ounce on Friday, August 29, following the release of weaker U.S. economic data. The University of Michigan's final Consumer Sentiment index for August came in at 51.7, down from July's 55.2 reading, as consumers remained concerned about elevated inflation. Spot gold last traded at $4,556.41, down 0.99% on the day. The August survey also showed year-ahead inflation expectations eased to 4.0% from 4.2% in July, though longer

According to CoinDesk, six Bitcoin wallets inactive since 2011-2014 transferred 553.59 BTC (worth approximately $40 million) between August 16-26. Five wallets sent their holdings to addresses with no known exchange affiliation, while one transferred 40 BTC to German crypto custody and trading provider Boerse Stuttgart Digital.

According to Bitcoin.com News, Ireland's Criminal Assets Bureau moved 500 BTC worth $38 million on August 28, 2026, marking the first movement from a wallet created in January 2016 after more than a decade of inactivity. The funds were transferred from a legacy P2PKH wallet to a newer P2SH address and subsequently moved to Coinbase Prime. With this transfer, CAB has now recovered a total of 2,000 BTC valued at $155 million from assets linked to cannabis dealer Clifton Collins.

According to Jeffrey Roach, chief economist at LPL Financial, Fed Chair Kevin Warsh's Jackson Hole speech today may contain important policy signals embedded in footnotes and citations rather than explicit statements. Roach said investors should focus on how Warsh connects inflation, productivity, and the bond market, noting that references and citations may offer the clearest clues about the new Fed chair's policy direction. Key topics to watch include the Fed's credibility stance, any discussi

According to Harvard economist Kenneth Rogoff at the Jackson Hole Global Central Bank Summit on Friday (Aug 28), the Iran conflict is only a "minor shock" compared to larger geopolitical crises that could trigger a severe U.S. debt crisis. Rogoff warned that potential disruptions over the next five years—including cyber warfare, AI-driven disruption, and Taiwan tensions—could push interest rates sharply higher. He noted that U.S. debt has accumulated unsustainable levels due to policymakers' bel

According to TRON DAO, the network activated GreatVoyage-v4.8.2 upgrade on August 28, implementing Committee Proposal No. 107. The upgrade introduces CLZ (Count Leading Zeros) instruction support and enables on-chain historical block hash queries, aligning TRON's virtual machine with Ethereum's Prague and Osaka execution standards. The changes improve developer efficiency for deploying Ethereum-compatible applications on TRON. The upgrade also integrates the secp256r1 precompile, enabling native

According to market analysis outlet Cryptoreviewing, Bitcoin fell to $76,877 on Aug. 28 after peaking at $81,455, following Federal Reserve Chair Kevin Warsh's Jackson Hole speech in which he rejected forward guidance citing persistent inflation risks. The sharp reversal wiped out $107 million in derivatives liquidations across long and short positions, with roughly $300 million in leveraged positions evaporating across the broader crypto market. Market data shows liquidity distribution heavily

On Friday (Aug. 29), U.S. stock indices declined as Federal Reserve Chair Kevin Warsh reiterated the Fed's 2% inflation target at the Jackson Hole Economic Symposium, signaling that rate hikes may still be necessary. The Nasdaq Composite fell 0.52% to 26,402.42, while the S&P 500 dropped 0.25% to 7,711.76. Warsh stated that recent inflation data has not confirmed a clear trend reversal, and further monetary policy action may be required if inflation does not decline toward the 2% goal. Technolog

According to Coinglass data cited by ChainCatcher, the Crypto Fear and Greed Index currently stands at 67, down 5 points from yesterday. The 7-day average is 69, while the 30-day average is 43.

According to Cursor co-founder Michael Truell, OpenAI has notified the AI coding assistant that it plans to block Cursor users from accessing OpenAI models within three months. OpenAI models account for approximately 5% of Cursor's user traffic. Truell stated that Cursor is in active communication with OpenAI's team to seek a resolution to the issue.

According to on-chain analyst Ai, address Emxhs...euZMP accumulated over $90,000 in GOLD token investments following a net loss of $82,400, with assets declining 90.7%. The address initially spent $72,700 to build positions when GOLD's market cap was below $40 million, then added $18,100 more after the project's Twitter was deleted and theft rumors emerged. GOLD's market activity subsequently declined.

According to on-chain analyst Ai Yi, address Emxhs...euZMP has accumulated losses of $82,400 in GOLD investments, with total assets down 90.7% as of Aug 29. The address initially invested $72,700 during GOLD's early growth phase when market cap was below $40 million, then added another $18,100 despite reports of deleted posts and theft rumors. Total cumulative investment exceeded $910,000.

According to BlockBeats, the hacked official X account of RealTrumpCoins posted today that it earned over $8.2 million from issuing GOLD token, claiming the funds will be used for a bounty on U.S. President Trump's relatives. Earlier, Israeli media reported that Iran's state television broadcasted a segment describing methods to contact Trump's son Barron Trump, mentioning a $10 million bounty. The roughly 3-minute report displayed alleged locations and online platforms related to the action and

According to Bitcoin.com News, August 28 marks 12 years since cryptographer Hal Finney passed away from ALS in 2014. Finney remains known as the first person to receive a bitcoin transaction when Satoshi Nakamoto sent him 10 BTC on January 12, 2009. Those 10 bitcoins are worth approximately $805,000 today as BTC crossed $80,000 for the first time since May, briefly touching an intraday high above $81,000 on August 25.

Japan's Ministry of Finance deployed approximately $96 billion in foreign exchange interventions through April and July 2026 to support the yen against accelerating depreciation. The April-to-May intervention alone totaled 11.7 trillion yen, roughly $73.5 billion, marking the largest single-month operation on record. Japan's single-day intervention on April 30 exceeded 6.2 trillion yen, approximately $40 billion, when the yen hit 160.725 per dollar, a near two-year low. A subsequent operation on