Gate Crypto Flash News and Market Updates

According to the Chinese Embassy in Saudi Arabia, several Chinese citizens were recently detained for failing to declare large cash amounts under Saudi Arabia's revised Anti-Money Laundering Enforcement Regulations. Additionally, cases of telecommunications fraud and illegal currency exchange targeting Chinese nationals have increased. The embassy has issued a warning to all Chinese citizens in the country to comply with local regulations and remain vigilant against fraud schemes.

According to Hyperbot data monitored by ChainCatcher, MaJi Dage's all long positions are currently profitable, with a total investment return of 55%. The trader holds 26,800 ETH across a 25x leveraged position, generating approximately $2.653 million in unrealized gains. Additionally, MaJi Dage maintains a 40x leveraged Bitcoin position of 303 BTC, with unrealized profits of roughly $52,000.

According to BlockBeats, on Aug 23, Huang Licheng (麻吉 founder) increased his Bitcoin 40x leveraged long position to $23.48 million, with entry price at $77,439.10 and liquidation price at $49,838.41, according to TradingBeats monitoring data.

According to Coinglass data cited by ChainCatcher, Ethereum liquidations across major centralized exchanges could trigger $871 million in long position liquidations if ETH falls below $2,337. Conversely, if ETH breaks above $2,572, accumulated short liquidations would reach $294 million.

According to Whale Alert, approximately 1,000 WBTC worth $77.4 million transferred from an unknown wallet to mining pool F2Pool on August 23.

According to Odaily, Jiang Zhuo'er announced on X that he has completed his ETH position rebalancing. He sold 50% of his Ethereum holdings at $2525 and repurchased them at $2450, closing the swing trade at a profit.

According to Odaily星球日报, Zhiyuan's core product Spirit G2 secured two gold medals, three silver medals, and two bronze medals in completed events at the Second World Humanoid Robot Sports Games as of August 23. The company's products Spirit G2, Ling Xi X2, and Yuan Zheng A3 are all participating in the competition. Zhiyuan currently ranks first on the medal standings.

Michael Burry, the famous value investor known for The Big Short, swapped his Alibaba holdings for JD.com shares several months ago. Burry has stated he will not reverse the trade by converting his JD.com position back to Alibaba.

According to the New York Times, Anthropic is planning an initial public offering (IPO) to raise over $100 billion with a target valuation of approximately $2 trillion, announced August 23. The AI company is conducting investor roadshows with investment banks. If successful, Anthropic would surpass SpaceX's record set in June 2024—which raised $8.57 billion at a $17.7 trillion valuation—making it the largest IPO in history. Anthropic previously valued itself at around $900 billion in its latest

According to Xinhua, a 6.0 magnitude earthquake struck off the coast of Hokkaido, Japan, on August 23.

According to Hana Securities analyst Lee Jun-ho, Kakao lowered its target price to 50,000 Korean won from 58,000 won today (August 23), as the company moves forward with plans to separate into Kakao AI and Kakao X. Hana Securities recommended a cautious approach to the stock, citing a near-term lack of re-rating catalysts beyond gains from listed subsidiaries.

According to Axios on August 22, citing three U.S. officials, approximately 40 oil tankers transited the southern shipping lane of the Strait of Hormuz on the evening of August 21, exporting about 16 million barrels of crude oil.

According to Foresight News, ZRO briefly broke through 1.25 USDT on August 23, trading at 1.221 USDT with a 24-hour gain of 21.61%, according to Bitget market data.

According to GMGN data, SOL Meme coin CYBERLEEK hit a market cap of $23 million intraday on August 23, surging more than 12x in a single day. The token is currently trading at $21 million. CYBERLEEK was issued by the hacker of the same name who previously leaked internal materials from Grand Theft Auto 6.

According to Coinglass data, over $349 million in liquidations occurred across crypto markets in the past 24 hours, with long liquidations totaling $205 million and short liquidations reaching $144 million. Bitcoin saw $58.64 million in long liquidations and $31.44 million in short liquidations, while Ethereum recorded $55.95 million in long liquidations and $50.17 million in short liquidations. A total of 80,986 traders were liquidated during the period, with the largest single liquidation occu

According to HTX market data, Solana (SOL) broke through the $95 level, trading at $95.00 with a 24-hour gain of 1.34%.

According to HTX market data, BNB broke above $700 today, trading at $700.25 with a 24-hour gain of 0.97%.

On Sunday, August 23, Saudi Arabia's benchmark index gained 1.13% to close at 11,078.68 points. Egypt's EGX 30 index rose 1.12% to 55,350.36 points, approaching its recent all-time closing high of 55,854.74 points set on August 16. Qatar's market index added 0.06%, ending a four-day losing streak at 9,688.30 points, while Kuwait's market gained 0.75% to 9,308.57 points. Oman's markets were closed.

According to the Ukrainian international news agency, President Zelenskyy said on August 23 that Ukraine does not have conditions to hold elections during wartime, and doing so under current circumstances would pose a huge risk of national division. Zelenskyy stated that any election would require partner countries to provide specific conditions ensuring the safety and legitimacy of voting, allowing frontline soldiers and millions of Ukrainian citizens abroad to participate safely without threat

According to Xinhua Tech, at Onsemi China's new product global launch event on August 23 evening, CEO Zhang Qiuming announced the company has inventory, volume, quality, and competitive pricing advantages. Zhang stated, "Though we came late, we have returned," emphasizing the company can meet customer demands and resolve supply concerns.