Gate Crypto Flash News and Market Updates

According to News1, on August 24, the US dollar-Korean won exchange rate fell to 1,376 won for the first time since September 2025, creating divergent returns for S&P 500-tracking ETFs depending on currency hedge status. KODEX US S&P 500, which carries currency exposure, posted a one-month return of -2.49%, while its hedged counterpart KODEX US S&P 500(H) returned 3.33%. The 6 percentage point spread reflects how strengthening won erodes unhedged dollar assets when converted back to Korean curre

According to NYSE data, semiconductor stocks sharply declined on Aug 24, with Micron falling 5.8% and SK Hynix ADR down 4.9%. Nvidia also posted significant losses, weighing on the Nasdaq index during the session.

According to Jin10, the U.S. Supreme Court on Monday halted a lower court's order that had blocked Trump's executive action restricting mail-in voting in 23 Democratic-led states and Washington D.C. The Supreme Court approved the Department of Justice's emergency request to pause a June decision by a Boston federal judge. Trump's March executive order requires compiling citizen voting lists, prioritizes prosecuting officials who send ballots to ineligible voters, and restricts the Postal Service

According to state media CCTV, Iran's Foreign Ministry spokesman Baghaei stated on August 24 that the United States' threat to impose a new round of sanctions against Iran violates international law. During a press conference addressing regional issues and Iran-U.S. relations, Baghaei emphasized that Iran has the right to strike all sources of aggression.

According to Maeil Business Newspaper, Samsung Electronics shares fell 8.7% on August 24 after the company announced a shareholder return plan exceeding 100 trillion won but failed to specify timing and details on share buybacks. The KOSPI index declined 3.12% to 6,696.96, with foreign investors recording net selling of 3.6 trillion won. Related stocks including Samsung Life Insurance dropped 13.09% amid concerns over dividend payouts. Market sentiment was dampened by lack of clarity on when the

Goldman Sachs warned on Aug. 24 that Nvidia stock could decline after its earnings release on Aug. 26 if key catalysts fail to materialize, despite expecting the company to beat Q2 and Q3 earnings estimates by 6% and 12% respectively. With the stock up over 12% in the past two weeks and Goldman setting a $285 price target, analyst James Schneider noted that positive surprise alone may not be sufficient to drive gains given elevated market expectations. Goldman identified three critical success f

According to an official announcement in December 2024, Crypto.com extended its global Formula 1 partnership through 2030, building on an initial $100 million deal signed in 2021. Crypto and fintech sponsorships across Formula 1 reached $273.6 million in combined value during 2025, representing a 9% increase in total value and a 40% jump in deal count compared to 2024. The 2026 Crypto.com Miami Grand Prix drew approximately 275,000 attendees over three days. Coinbase became Aston Martin's offici

SpaceX AI has added a Browser-Use plugin to Grok Build, enabling the AI assistant to interact with real browsers. Users can now connect Grok to their local Chrome browser with saved login credentials or use SpaceX's isolated cloud-based Browser-Use environment. The new functionality allows Grok Build to browse websites, extract data, fill forms, test web applications, take screenshots, and automate complete web workflows. The plugin supports local execution via uvx and requires no API key when c

According to Seoul Foreign Exchange Market, on August 24, the Korean won weakened to 1382.4 against the U.S. dollar, down 4.1 won from the previous trading day's close, with intraday lows reaching 1376.50 won. The decline eases currency loss concerns that previously deterred foreign capital inflows into South Korean equities, creating conditions for foreign investors to return to the domestic market.

Capricor Therapeutics shares closed 8% higher on Monday after the company announced a three-month U.S. Food and Drug Administration extension of the decision deadline for its deramiocel cell therapy. The FDA pushed the review deadline to November 22 from August 22, following Capricor's submission of a major amendment including 24-month open-label extension data from the late-stage HOPE-3 trial and additional analyses focused on preserving upper-limb function in Duchenne muscular dystrophy patien

Offshore Chinese yuan (CNH) fell 8 pips overnight to 6.7218 against the U.S. dollar as of New York close Monday (Tuesday 04:59 Beijing time). Intraday trading ranged between 6.7128 and 6.7255, approaching key support levels from early 2023.

On Monday (August 24) at the New York close, S&P 500 futures fell 0.19%, Dow futures rose 0.35%, and Nasdaq 100 futures declined 0.88%. Russell 2000 futures also slipped 0.62%.

According to reports, air raid sirens sounded in Kyiv, Ukraine today (August 24).

Gemini and Apex Fintech Solutions have signed a non-binding letter of intent to make Gemini Titan the exclusive regulated venue for crypto event contracts offered by brokerages through Apex's Futures Commission Merchant (FCM). Under the proposed arrangement, participating brokerages would use Gemini for execution and clearing, creating a new distribution channel for Gemini's prediction-market business. Apex provides infrastructure to hundreds of financial firms serving tens of millions of invest

Spot gold rose 1.04% to $4,650.51 per ounce on Monday (August 24), with prices reaching $4,680.92 at 21:35 Beijing time and holding above the 200-day moving average at $4,516.57. Spot silver fell 0.05% to $68.9606 per ounce, while COMEX copper futures gained 0.28% to $6.7070 per pound.

South Korea's consumer confidence index declined to 104.5 in August from 106.8 in the previous month, according to official data.

According to the Department of Homeland Security, the Trump administration proposed on Monday (August 18) a new $103,265 fee applicable to all H-1B visa workers subject to annual cap restrictions, including those with master's degrees. The proposed regulation differs from the previous $100,000 entry fee announced last year, as it now applies to workers hired within the United States.

On August 20, Ox Alpha, a stealth AI model, launched free on OpenRouter, OpenCode, Cline, and Nous Research's portal. The mystery model garnered attention after developer Ben Davis reported it scored 80% on DeepSWE coding benchmarks, outpacing Anthropic's Claude Fable 5 at 65% and OpenAI's GPT-5.6 Sol at 52%. Striped CEO Patrick Collison called Ox Alpha "very impressive" in an August 21 X post, boosting its profile. Though no creator has claimed it, technical analysis points to Zhipu AI's GLM-5.

According to the Associated Press, the Trump administration is preparing to revoke up to 200,000 business and tourist visas held by foreign nationals who have applied or are seeking U.S. asylum status. If implemented, this would be the largest single mass revocation of visas in U.S. history. The State Department is expected to announce the revocation of B1 and B2 visas issued between 2016 and 2026 in coordination with the Department of Homeland Security. A State Department spokesperson stated th

On Monday (August 23), Zillow Group (NASDAQ: ZG) settled an antitrust lawsuit with the Federal Trade Commission and five state attorneys general, avoiding a trial scheduled to begin this week. The settlement keeps Zillow's multifamily distribution partnership with Redfin intact through at least 2030, allowing listings to continue syndicating across a combined network including Zillow, Trulia, HotPads, Rent.com, ApartmentGuide, Redfin, and Realtor.com. Since syndication launched, multifamily list