Gate Crypto Flash News and Market Updates

Prime Minister Carney announced recently that Canada will invest $11 billion to build six new icebreaker ships for the coast guard. The initiative aims to enhance patrol and rescue capabilities in polar waters.

According to Tasnim News Agency, Israeli armored forces have re-entered Syrian territory south of Quneitra, based on reports from local sources in Syria. Quneitra is Syria's southwestern region bordering Israel.

The Hyperliquid Policy Center, on Monday (August 24), urged the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission to adopt a harmonized framework for perpetual contracts, arguing they should be classified by economic structure rather than underlying assets. According to the HPC's comment letter, clearer regulatory rules could help bring the fast-growing perpetual market onshore. The HPC's HIP-3 markets have generated over $480 billion in trading volume since launch

Nvidia shares fell 2% on Monday (August 24) despite a wave of AI infrastructure announcements ahead of the company's second-quarter earnings report on Wednesday. According to Cantor Fitzgerald, potential catalysts include clearer 2027 data-center visibility, stronger capital spending signals from hyperscalers Microsoft, Amazon, and Alphabet, and broader GPU acceptance as a financeable asset. Wall Street expects Nvidia to report adjusted EPS of $2.07 on revenue of $92.03 billion. Separately, Spac

According to Interfax, Russia's military struck a cargo vessel at the Odesa port in the Black Sea on August 24, Russian Defense Ministry stated.

According to Reuters, Shein is preparing for its Hong Kong IPO today (August 24) as the fast-fashion e-commerce platform navigates multiple headwinds. The company raised Series F funding in 2022 at a $100 billion valuation but dropped to $66 billion one year later; select pre-IPO investors including General Atlantic and Tiger Global will receive cash or stock compensation through downside protection clauses to offset the valuation decline. Separately, the U.S. Committee on Foreign Investment in

On August 24, German bond markets showed mixed performance in late European trading. The 2-year German government bond yield rose 2.4 basis points to 2.871%, trading within a 2.832%-2.881% range. The 10-year yield fell 0.6 basis points to 3.253%, while the 30-year yield declined 1.2 basis points to 3.750%. Across the eurozone, French 10-year bond yield dropped 0.9 basis points to 4.124%, while Italy's 10-year yield eased 0.5 basis points to 4.078%. Spain's 10-year yield fell 0.4 basis points to

On August 24, European energy futures rallied during late trading: ICE UK natural gas futures rose 3.58%, TTF Dutch natural gas futures climbed 3.23%, and ICE EU carbon emission allowances gained 1.71%.

Canadian Prime Minister Carney announced plans to launch intensive discussions with the European Union this fall to establish a stronger and deeper economic and security partnership between the two regions.

According to Israeli media, the Israeli Air Force recently conducted airstrikes targeting what it described as terrorist infrastructure in central Gaza.

According to Houthi statements on August 24, the Iran-backed Houthis claimed they successfully attacked the Saudi oil tanker Amzan using ballistic missiles in the northern Red Sea off the coast of Yanbu, causing fires aboard the vessel. The group also stated it conducted parallel military operations against Saudi forces, alleging it struck large military convoys in the Al-Abr and Al-Wadiya regions with multiple ballistic missiles and drones, destroying over 10 armed vehicles. In a second operati

According to ChainCatcher, the Crypto Council for Innovation (CCI) and Blockchain Association (BA) recently filed a lawsuit against Illinois officials challenging the state's 0.2% digital asset tax, which is scheduled to take effect on January 1, 2027. The tax will be levied on transaction volume rather than income. In their filing with the Sangamon County Circuit Court, the organizations argue the tax violates the U.S. Constitution, Illinois Constitution, federal and state due process laws, and

According to Fox Business Channel, U.S. Treasury Secretary Bessent is considering aggressive measures to push 10-year Treasury yields toward 5%. Under consideration are debt buybacks by the Treasury, increased issuance of short-term government bonds, and potential elimination of the 20-year Treasury. The Trump administration is not expected to pursue fiscal austerity but instead plans to rely on higher tax revenue and economic growth to address debt challenges, according to Wall Street executive

According to Stand With Crypto, the Coinbase-backed crypto advocacy group on Monday backed 32 House candidates it views as pro-crypto, including Republican Warren Davidson and Democrat Ritchie Torres, as it aims to flex political influence in the upcoming midterm elections. SWC Executive Director Mason Lynaugh stated that the group will announce Senate endorsements closer to Election Day. The move builds on crypto industry efforts in 2024, when groups like the Fairshake super PAC spent $12 milli

According to ChainCatcher, Lancium announced that Nvidia has made a strategic investment in the company. Details of the investment amount were not disclosed.

According to Guru Club, the U.S. Dollar Index broke above the 99 level on August 24, rising 0.16% during the day.

Today, Iran's currency hit an all-time low as the rial fell to 2.04 million against the U.S. dollar. The decline came as the Trump administration prepares to announce new economic sanctions designed to further pressure Tehran later today. The move compounds existing pressures on Iran's economy, with both U.S. and Iranian blockades continuing to restrict oil shipments through the Strait of Hormuz and the country's crude exports to Asia nearly halted.

According to Trump's statement on Truth Social on August 24, U.S. President Donald Trump announced 50% tariffs on Canadian vehicles, trucks, auto parts, and steel effective January 1, 2027. Goods produced in the United States will face 0% tariffs, Trump stated.

According to Bitget market data, Nasdaq 100 component stocks showed divergent performance during today's U.S. trading session. Consumer stocks, online services, and crypto-related equities gained traction, while storage stocks saw broad declines. Some semiconductor and optical communication names also weakened.

According to CoinMarketCap, Virtuals Protocol (VIRTUAL) rose 15.01% to $0.8275 today (Aug 24), leading gains among the top 100 cryptocurrencies by market cap. Injective (INJ) climbed 10.30% to $5.76, while Aerodrome Finance (AERO) gained 9.05% to $0.523.