Gate Crypto Flash News and Market Updates

According to Jin10, on August 21, Canada and the United States are negotiating a trade agreement that introduces a tiered tariff structure for Canadian steel exports. Steel exports within an annual quota of 4 million tons will face a 25% tariff, while shipments exceeding the quota will be subject to a 50% tariff. According to industry executives and multiple sources cited by the Canadian Globe and Mail, Canada has also agreed to eliminate all retaliatory tariffs on U.S. steel and further restric

XRP surged as much as 14.21% in 24 hours today to $1.40, becoming the best-performing asset among the top 10 cryptocurrencies by market cap. The daily candle closed above both the 50-day and 200-day exponential moving averages for the first time since the asset entered a death cross earlier this month, erasing one of crypto's most bearish technical signals. The move is riding Bitcoin's short squeeze—traders who bet on lower prices being forced to buy at higher ones—and a U.S. Treasury plan to ne

According to The Street, Hyperliquid's native token HYPE reached an all-time high of $77.55 on August 21, driven by President Donald Trump's August 19 White House meeting with crypto executives where he specifically discussed bringing Hyperliquid into the United States in a compliant manner. HYPE was trading at $76.04, up more than 5% on the day and 35% over the past week, with a market capitalization near $16.95 billion.

According to UBS Global Wealth Management, the banking giant raised its year-end target for the S&P 500 to 8,100 points on Thursday, expecting 6% upside from the index's close of 7,641.16. UBS also lifted its mid-2027 target to 8,400 points, citing strengthened corporate profit outlook and robust earnings growth into 2027. The bank also raised its 2026 S&P 500 earnings-per-share forecast to $350 from $335, and its 2027 estimate to $400 from $375.

According to Guru Club, China's commodity futures markets closed mostly higher overnight on August 21, with black metals leading gains. Coking coal surged 3.51%, while chemical products advanced, including soda ash up 2.62%. Energy commodities rose across the board, with liquefied petroleum gas gaining 2.37%. Non-metallic building materials also climbed, with glass up 2.32%.

DAX 30 closed up 0.61% at 26,142.65 points today (August 21), though down 1.1% for the week. France's benchmark index rose 0.35%, Italy's gained 0.06%, and UK's advanced 0.64%.

Europe's major equity indexes closed higher today (August 21). The STOXX 600 index rose 0.56% to 654.00 points, though it declined approximately 0.5% for the week. The STOXX 50 index gained 0.60% to close at 6,460.73 points, down 1.2% on a weekly basis. The FTSE Eurofirst 300 index advanced 0.52% to 2,614.44 points.

According to Guru Club, coke futures main contract rose 3% intraday today (August 21).

According to Blockworks analyst Shaunda Devens, Kraken is testing Hyperliquid's HIP-3 perpetuals deployment on testnet since Aug 19. The deployment, named "Kraken HIP-3 test DEX," has enabled permission management features, configured 10-wallet whitelists, and tested 3 out of 5 compliance control features, including order cancellation and reduce-only orders. The deployment also registered a "Kraken Exchange Validator." HIP-3 allows third-party developers to create independent perpetual trading m

According to Gate data, USD/JPY broke through 159.0 in the last 24 hours, now trading at 159.019, up 0.2%.

New York gold rose 2.0% intraday on August 21, trading at $4,663.03 per ounce.

According to Bitcoin.com News, Hyperliquid's HYPE token rallied 20% to 25% in 24 hours on August 19 after U.S. President Donald Trump told crypto executives that CFTC regulators were "working to bring Hyperliquid into the United States in a fully compliant and legal fashion." The move pushed HYPE to $73, near its all-time high of $76.67 set on June 16, 2026. The token's outperformance is underpinned by Hyperliquid's buyback mechanism, which has burned 462 million HYPE tokens worth approximately

According to BlockBeats, citing BIT exchange data, Tesla (TSLA) rose 4.4% intraday on August 21, reaching its highest level in one month.

According to Jin10 Data, China's securities transaction stamp tax surged 99.2% year-over-year during the first seven months of 2026, reaching 1,864 billion yuan, as overall general public budget revenue rose 5.8%. On the same day, spot gold and silver briefly climbed to 4,600 and 70 U.S. dollars respectively, marking their highest levels since May and June. Meanwhile, tensions in the Middle East remain elevated. Israeli sources indicated reduced near-term military confrontation risk with Iran, w

At the Wyoming Blockchain Symposium 2026, Payward co-CEO Dave Ripley announced the company is exploring conventional banking licenses outside the United States, with plans to expand beyond cryptocurrency trading into payments, lending, custody and asset management. "We are looking into actually becoming a full bank in some of our other geographies, likely not the U.S. immediately," Ripley said. Payward already operates Kraken Financial, a Wyoming-chartered Special Purpose Depository Institution

According to JPMorgan Chase, credit spreads for data center SASB (single-asset, single-borrower) commercial mortgage-backed securities have widened in recent months, while the overall CMBS market remains "relatively stable." The spread widening comes as AI and data center-related debt issuance is surging amid persistent lending demand. However, JPMorgan analysts Chong Sin and Terrell Bobb said that SASB supply constraints are not a pressure point for the sector.

According to an announcement on August 20, Sui unveiled programmable transaction blocks (PTBs), a technology designed to execute up to 1,024 Move function calls within a single atomic transaction. The innovation allows AI agents to complete complex sequences of blockchain operations without relying on multiple separate transactions. PTBs group multiple blockchain operations into one unit with atomic execution—if any part fails, the entire transaction is reversed. This approach is intended to imp

According to BlockBeats, on August 21, noted Bitcoin trader Killa expressed skepticism about Bitcoin breaking $100,000 this year, forecasting range-bound consolidation instead. Killa, a quantitative trader with over 200,000 X followers known for accurate market predictions, previously shorted BTC at $74,688 in mid-April before turning bullish during the broad market decline on June 5.

According to Iran's Fars News Agency, Iran's Navy Commander stated that the country will soon deliver a historic military lesson to its enemies at sea. The statement comes amid ongoing regional tensions.

According to Tom Lee's statement on X, Fundstrat Direct's "best 10 trading days rule" shows bitcoin's entire gains stem from just 10 trading days, which collectively surged 162% while excluding them would result in a 14% decline. This week is one of these high-performance trading days.