Gate Crypto Flash News and Market Updates

According to BlockBeats, whale account "先定10个大目标" revealed on August 21 that it failed to buy back long positions it had closed earlier, having placed limit orders at 70,500-71,500 but saw no fills. The trader simultaneously had a short position set at 76,000, expecting either a dip to re-enter longs or a rally followed by pullback. The short executed at 76,000, but prices continued climbing to above 79,000, leaving the rebuy orders unfilled. The whale attributed the misstep to underestimating t

According to The Defiant, Illuvium co-founder Kieran Warwick announced recently that the team agreed to further salary cuts following significant cost reductions over the past six months. With the adjustment, the project's cash reserves can support operations for over 12 months, though Warwick did not disclose the salary reduction percentage, remaining headcount, or total reserves. The team is focused on developing the MMO game Overworld, with product launches planned for 2026 including Celebrat

According to Jin10, on August 21, the foreign ministers of the United Kingdom, Australia, and Canada issued a joint statement condemning Israel's decision not to conduct a criminal investigation into the military's killing of seven World Central Kitchen workers. The three countries stated they have repeatedly urged Israel to conduct a thorough investigation and hold those responsible accountable, calling the Israeli military's decision to forgo a criminal investigation "shameful."

According to Whale Alert, Tether Treasury burned 2 billion USDT on Ethereum on August 21, valued at approximately $2 billion.

According to Ukrainian media, on August 21, Ukraine's Energy Minister Herman Shmyhal stated that the country's natural gas and coal reserves for winter have nearly met or exceeded planned targets. Shmyhal told parliament that underground gas storage currently holds 14.3 billion cubic meters of natural gas, approaching the 14.6 billion cubic meters winter target; coal reserves have exceeded targets. He added that by year-end, Ukraine's total generating capacity is expected to reach 19.6 gigawatts

According to Jin10, Iran's Foreign Minister Araqchi stated on August 21 that U.S. economic sanctions and pressure policies have consistently failed, and Washington's latest announced economic measures against Iran are similarly "destined to fail." Araqchi referenced previous U.S. actions, including what Washington called the "harshest sanctions" 14 years ago and "maximum pressure" 8 years ago, all of which he said ultimately failed. In response to President Trump's recent announcement of "the mo

According to The Block, on Friday (Aug 21), Strategy (MSTR) climbed 7.5% to above $120 in early trading, reaching its highest level in two months as bitcoin briefly pushed to $79,400. The company's Variable Rate Series A Perpetual "Stretch" Preferred Stock (STRC) also surged above $96 for the first time since June, continuing its recovery toward its $100 target price. The rebound follows Strategy's sale of $333.7 million MSTR shares between Aug 10 and Aug 16, with $52.4 million directed toward S

According to Yonhap Infomax, the U.S. 10-year Treasury yield rose 0.70 basis points to 4.705% on Aug. 21. The 2-year yield climbed 0.60 basis points to 4.191%, while the 30-year yield increased 1.60 basis points to 5.253%. Bond prices have stabilized after two days of volatility following the U.S. Treasury Department's announcement on Aug. 19 to at least double buyback sizes for debt maturing in the 10-30 year range.

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