Gate Crypto Flash News and Market Updates

According to Nikkei, Japan's state-owned export credit agency NEXI will sign an insurance agreement on Monday (August 25) with the Inter-American Development Bank (IDB) to cover infrastructure loans provided to Brazil's Espírito Santo state. The contract marks NEXI's first time providing loan insurance to an international organization. The agreement aims to help Japanese companies enter South American and Central American markets by gaining regional insights and leveraging the IDB's risk assessm

According to Jin10, on August 22, Israeli Foreign Minister Sar stated that despite high tensions between Israel and Turkey over Syria, Israel has no intention to escalate the conflict and prioritizes diplomatic solutions. Sar emphasized that Israel is committed to maintaining the status quo and will not accept Turkish military bases in Syria, drawing a clear diplomatic red line.

According to reports on August 21, Yangtze Memory Controls Corporation (CCSH), the parent company of China's leading NAND flash memory manufacturer Yangtze Memory Technologies Corporation (YMTC), has submitted an IPO application to the Shanghai Stock Exchange's STAR Market seeking to raise 33 billion yuan (approximately $4.9 billion). CCSH plans to issue between 1.98 billion and 2.43 billion new shares, with an estimated post-IPO valuation of 275 billion to 330 billion yuan ($41 billion to $49 b

According to the U.S. State Department, the United States will send a delegation to the third Senior Officials Meeting (SOM3) of the 2026 Asia-Pacific Economic Cooperation (APEC) forum in Dalian, China from August 17-28. The delegation will focus on creating business opportunities for American enterprises in agriculture, energy, transportation, fisheries, health, and food security. The U.S. will also advance policies to reduce service trade barriers and expand inter-governmental cooperation.

According to Bitcoin.com News, the Blockchain Association and Crypto Council for Innovation filed a lawsuit on Aug. 21 in Sangamon County Circuit Court to block Illinois' proposed 0.2% digital asset tax. The tax, set to take effect on Jan. 1, 2027, would apply to trades, transfers, and custody services involving digital assets. Plaintiffs seek to have the Digital Asset Tax Act declared unlawful and are requesting preliminary and permanent injunctions to prevent enforcement before the law takes e

According to ChainCatcher, El Salvador added 7 bitcoins over the past 7 days, bringing its total holdings to 7,751.37 BTC, valued at approximately $599 million.

The Sandbox suspended SAND bridging on Base and BNB Smart Chain on August 22 after attackers exploited its cross-chain infrastructure to mint unbacked tokens, isolating SAND on both networks while investigations continue. According to Blockaid, roughly $49 billion in face-value SAND was minted across more than 400 transactions; PeckShield separately flagged approximately 14.9 billion SAND minted to two addresses. The project estimated actual impact at less than 0.01% of SAND's total supply. Unde

According to Saudi media Hadath, the Fatah delegation cancelled a scheduled meeting with the Hamas delegation in Egypt on Monday.

According to U.S. Trade Representative Jamieson Greer, on August 22, the United States announced 50% tariffs on approximately C$20 billion worth of Canadian goods—including spirits, dairy, lumber, and furniture—and stated that no new negotiations with Canada are planned. Greer told Fox News the U.S. is pursuing countermeasures against Canadian retaliation. Canadian Prime Minister Mark Carney responded that Canada will impose matching 50% tariffs on approximately C$28 billion in U.S. goods, effec

According to Thai media, explosions and arson attacks occurred in three southern Thai provinces—Narathiwat, Yala, and Pattani—starting at 8 p.m. on August 22, leaving at least two people injured. Narathiwat's military task force declared a curfew across the province from 10:15 p.m. on August 22 to 6 a.m. on August 23.

According to CNBC reporter David Faber, Broadcom is in discussions to secure $70 billion to $80 billion in debt financing to support an AI chip financing program for companies like Anthropic. The funding is structured in two tranches: senior debt of approximately $45 billion and subordinated debt of around $35 billion, though final amounts remain subject to adjustment. Bloomberg reported the total deal size could reach as high as $100 billion, with investment firms Blackstone and Apollo Global M

According to BitMart's announcement, the crypto exchange is considering a restructuring plan that combines creditor distributions with phased resumption of certain operations, less than four weeks after announcing its intended shutdown on July 26. The exchange appointed White & Case as restructuring counsel and expects to provide a detailed roadmap by September 9. The announcement marks a significant shift from BitMart's original plan, which called for all trading to end on August 26 and complet

According to Grayscale's latest SEC filing on August 21, Zcash (ZEC) surged to its highest level in roughly eight years on Saturday as investors reacted to the company's fifth amended registration statement advancing its effort to convert the Grayscale Zcash Trust into a US exchange-traded fund. The proposed ETF would trade under ticker ZCSH on NYSE Arca with a sponsor fee of 2.5% annually. ZEC moved above $800 on Saturday, with the token gaining over 60% in the past seven days.

Commentary indicates that Treasury Secretary Scott Bessent's signature "3-3-3 plan" has significantly underperformed on key targets, eroding his credibility with debt markets. The plan aimed to boost U.S. GDP growth to 3%, reduce the fiscal deficit to 3% of GDP, and increase daily oil production by 3 million barrels, while pushing the 10-year Treasury yield down to 3%. Actual results remain far below these goals: GDP growth stands at 1.5%, the fiscal deficit has widened to 5.8% of GDP, oil produ

According to CME FedWatch data as of August 23, the Federal Reserve has a 60.1% probability of holding interest rates unchanged in September and a 39.9% probability of raising rates by 25 basis points.

According to The Block, Solana (SOL) completed a successful mainnet upgrade on Friday morning, reducing the network's target slot time to 350 milliseconds (ms), down 50 ms from its previous 400 ms target. A slot is the time period in which a designated validator produces a block of transactions. The change, under upgrade proposal SIMD-0525 merged on May 14, represents the first step toward the final goal of cutting slot times to 200 ms. The network plans three additional 50 ms reductions, with t

According to Watcher.Guru, Bitcoin was priced at $586 ten years ago today, on August 22, 2016.

According to CNBC, Wall Street has set a 12-month gold price target of $5,400 per ounce on August 22, citing structural support from rising global debt levels and a weakening U.S. dollar. UBS commodity analyst Giovanni Staunovo noted that factors driving gold's gains last year—including elevated government debt and dollar weakness—have resurfaced. The U.S. Treasury's decision to expand long-term debt buyback programs has pushed yields lower and pressured the dollar, supporting gold prices. Howev

According to BlockBeats citing Axios, over a dozen civil society organizations urged the U.S. Federal Trade Commission on August 22 to investigate AI companies' practice of purchasing, scanning, and destroying books to obtain training data. The organizations called on the FTC to review what they termed "destructive data acquisition methods" by major AI firms. Court documents previously revealed that Anthropic spent millions purchasing books, removing their spines, and scanning pages to train Cla

According to Bloomberg, Anthropic recruited Amir Salek, who led Google's tensor processing unit (TPU) program until 2022, to join its compute team on Friday as the AI lab pursues building custom semiconductors. Salek oversaw the development of Google's first seven generations of AI accelerators and previously worked at Nvidia before joining Cerberus Capital Management. His hire underscores Anthropic's plan to gain greater control over computing infrastructure by developing in-house chips tailore