Gate Crypto Flash News and Market Updates

BitGo completed the acquisition of NYDIG's institutional trading business on Thursday, Aug 27, according to a company announcement via BusinessWire. The transaction includes NYDIG's institutional client relationships and approximately 30 employees who joined BitGo. The acquired business provides derivatives, structured products, financing and capital markets services to asset managers, hedge funds and institutional companies. BitGo did not disclose financial terms. The sale allows NYDIG to focus

U.S. Secretary of State Rubio announced that a new agreement will bring nearly $100 billion in private investment to Venezuela. The details of the investment framework were not disclosed in his statement.

Salesforce shares jumped 23% on August 27, marking their best single day since 2020, after the company reported revenue growth of 11% and announced a strategic partnership with Anthropic dubbed "Claudeforce." Annualized revenue from Salesforce's Agentforce AI products soared 240% year-over-year to exceed $1.5 billion. Additionally, approximately 22 former Salesforce employees at OpenAI are in talks to return to the company, according to The Information.

According to MarketWatch, Microsoft (MSFT) stock hit a six-day consecutive winning streak on Friday (August 28), marking its longest winning stretch since October 2025. The stock closed up 1.68% at $513.53 per share, with cumulative gains of 6.7% over the six-day period. The rally reflects renewed investor confidence as concerns about artificial intelligence's impact on software companies fade. Over the past month, Microsoft stock has surged 30%, driven by strong second-quarter earnings and impr

According to reports, Dunamu (Upbit's parent company) and Visa signed a partnership on Aug. 27 in San Francisco covering stablecoin payments, cross-border remittances, and AI-integrated financial infrastructure. The deal centers on Open USD (OUSD), a dollar-pegged stablecoin backed by a consortium including Visa, Mastercard, BlackRock and over 140 companies. Dunamu CEO Oh Kyung-seok said the companies will explore how AI, stablecoins, and tokenization can connect digital assets with traditional

According to Guru Club, on August 29, President Trump announced reaching an oil agreement with Venezuela, stating that the US has gained majority control over 65 billion barrels of oil reserves.

According to Yonhap Infomax, on August 28, the USD/JPY exchange rate surged to 160.082 yen in New York afternoon trading, marking the first time above 160 yen since July 31 coordinated intervention by Japan and the U.S. The dollar index (DXY) rose 0.506% to 99.655, the largest single-day gain since mid-June. The rally was driven by Federal Reserve Chair Kevin Wassle's Jackson Hole speech, which was interpreted as hawkish. Market expectations for a September rate hike jumped to over 50%, up more

According to The Verge, Meta rolled out a fix on Friday to address privacy concerns with its AI glasses by closing a loophole that allowed users to cover the recording indicator LED light. The update ensures that the camera will stop working if the LED light is covered during an active recording, according to Meta executive vice president of wearables Alex Himel on Threads. Himel stated that the capture LED can now reliably alert bystanders when photos or videos are being captured. The fix addre

Bullish provided USD.AI with a $100 million stablecoin debt facility on Friday to finance loans secured by GPU infrastructure, the companies announced. USD.AI will deploy the facility to lend to AI infrastructure operators, with loans backed by underlying GPU hardware rather than borrowers' corporate assets. USD.AI is an onchain financing platform by Permian Labs connecting stablecoin liquidity with GPU infrastructure financing demand. Bullish plans to list USD.AI's sUSDai token across multiple

According to finalized voting results on the Solana Governance platform, validators approved SGP-0002 today, doubling the network's annual disinflation rate from 15% to 30%, with 67% support. The proposal received 25.16% votes against and 7.84% abstaining, with 60.7% participation from eligible stake. Under the new schedule, Solana is expected to reach its 1.5% terminal inflation target in approximately 2.8 years, versus 5.7 years previously. This change will result in an estimated 18.9 million

According to Legiscan, on Wednesday, California Senate passed Assembly Bill 2409 in a 40-0 vote restricting digital asset service providers from offering memecoins issued by or in partnership with public officials. The Assembly subsequently voted 78-0 to concur in the Senate's amendments, with the bill now awaiting the governor's signature. The bill prohibits the offering of memecoins issued on or after January 1, 2027, that are connected to federal, state, or local public officials. It defines

According to Poland's Justice Minister Waldemar Żurek, Radosław Piesiewicz, head of the Polish Olympic Committee, was charged on Thursday in connection with the Zondacrypto investigation. Prosecutors charged him under two provisions of Poland's Penal Code involving allegations of influence peddling and favoring some creditors over others during insolvency proceedings. The charges relate to Piesiewicz recovering all his invested funds through the exchange while thousands of other customers could

According to Morgan Stanley strategists Laura Wang, Chloe Liu, and Vicky Wu, the firm has shifted focus to China's A-shares on August 28 after taking profits on Hong Kong stock positions. The strategists cite renewed AI supercycle momentum, stabilizing global markets, and digested liquidity pressures from recent major IPOs including chip maker Changxin and humanoid robot manufacturer Unitree as key drivers. Morgan Stanley remains bullish on Hong Kong stocks but noted the market has entered a con

On Friday (August 28), Iran's Supreme Leader Mojtaba Khamenei issued a statement emphasizing the need to expand domestic production and reduce reliance on the U.S. dollar, calling for Tehran to pursue a "resistance economy" policy. Khamenei cited interconnected economic challenges including inflation, unemployment, and price management, urging the government to increase investment in essential industries and rely primarily on domestic production. The statement came as the Iranian rial broke 2 mi

According to CNBC, Imax CEO Rich Gelfond said in December the company is open to a sale, but as of May no major buyers had emerged. The company held preliminary talks with potential buyers earlier this year but has not hired new bankers or formalized a pitch book. Imax shares hit an all-time high of $54.79 this week, up nearly 80% over the past 12 months. With a nearly $3 billion market cap, the stock's surge may have deterred potential suitors from making offers, analysts said. When Gelfond fir

U.S. stock indices declined on August 28 following hawkish remarks from Federal Reserve Chair Kevin Wash at the Jackson Hole Economic Symposium. The Nasdaq Composite fell 0.52%, the S&P 500 dropped 0.25%, and the Dow Jones Industrial Average declined 0.02%. Wash emphasized concerns about inflation, stating that policymakers must be confident inflation is moving toward their 2% target at a clear and sufficient pace, signaling potential additional rate increases if price pressures persist. Market

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) reported Thursday that directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia, with the interval beginning at 211 meters downhole and containing 0.33% copper and 0.039% molybdenum. The result tracked the company's geological model over nearly the entire assayed length, confirming that Mocoa's 1.12 billion-tonne resource with an average grade

According to Public Citizen, Donald Trump's memecoin TRUMP surged 20% to $2.93 on Friday, lifting its market cap to $705 million. The jump came as the U.S. nonprofit released a report estimating investor losses in Trump-linked crypto products at $4.7 billion, citing $1.4 billion in profits Trump made from crypto in 2025. The report suggested Trump pivoted to crypto after realizing there were "billions to be made hawking thin air to supporters, supplicants, and speculators." Despite White House d

According to U.S. District Court Judge Rita Lin, yesterday the Trump administration's blacklisting of AI company Anthropic was ruled illegal in a federal court order that vacated government directives against using the firm's technology. The judge found that designating Anthropic a national security supply-chain risk constituted unlawful retaliation under the First Amendment, after the company refused to drop restrictions on its Claude AI products for lethal autonomous warfare and mass surveilla

According to CNBC, Thursday's release of the first official Grand Theft Auto 6 preview caused streaming platform outages due to massive user demand. Netflix experienced service disruptions and had to quickly recover, while Twitch faced bandwidth issues, according to Wells Fargo analysts. Take-Two Interactive shares rose 2.5% in premarket trading Friday. Global preorders reached an estimated $260 million, signaling potential $4.5 billion in first-week sales. The game launches November 19 on PlayS