Gate Crypto Flash News and Market Updates

As of 11:48 AM on August 24, spot gold prices at major Chinese banks broke above 1,000 yuan per gram. According to bank quotations and Shanghai Gold Exchange data, prices ranged from 1,003 to 1,020.54 yuan per gram, with the Bank of China reporting the highest rate at 1,020.54 yuan/gram, followed by Agricultural Bank of China at 1,017.3 yuan/gram, and Industrial and Commercial Bank of China at 1,003 yuan/gram.

Alibaba Cloud announced on August 24 that its video generation model Wan3.0 had launched. The model can generate 30-second videos in a single run and, for the first time, supports document inputs including doc, xls, ppt, pdf, and md files. The company said Wan3.0 was upgraded in generation duration, creation flexibility, reference capabilities, and real-world restoration.

According to the International Telegraph Agency (TASS), Russian military forces struck a cargo vessel in the Black Sea, the Russian Defense Ministry said. The incident marks ongoing military operations in the contested waters.

Norway's Energy Minister announced today that the country plans to maintain its current levels of oil and gas production and exports until at least 2035.

According to The Telegraph, Iranian security official Mohsen Rezaei threatened on August 23 to directly attack U.S. private oil companies in the Middle East, marking the first time Iran has explicitly targeted American energy firms. Rezaei stated through state media that if the Trump administration proceeds with economic sanctions, Iran will strike American petroleum and economic interests in the region. Major U.S. energy companies operating in the Persian Gulf—including Exxon Mobil, Chevron, Co

Over the weekend, Robinhood CEO Vlad Tenev responded to Elon Musk's Mars "prophecy" post on X by referencing a 1990s science fiction novel. Musk had shared a post highlighting that Wernher von Braun's 1948 novel Project Mars featured a Martian leader titled "the Elon," decades before Musk became synonymous with Mars exploration, commenting "As foretold in the prophecy." Tenev countered by noting that Kim Stanley Robinson's Mars Trilogy includes a character named Vladimir "Vlad" Taneev, portrayed

According to The Fact, on August 24, Samsung Electronics plunged 8.88% by 1:30 PM local time, triggering a broader market selloff as the KOSPI index fell 3.21% to 6,690.74. Samsung Electronics preferred shares dropped 7.87%, while Samsung C&T and Samsung Life Insurance fell 7.96% and 10.96% respectively. Foreign investors net-sold approximately 3 trillion Korean won, and institutional investors net-sold about 1 trillion won, while retail investors purchased 2.77 trillion won. The selloff followe

South Korea's KOSPI index fell 3.58% to 6,665.35 points today (August 24) at 12:58 p.m., declining 247.60 points as foreign investors and institutions conducted concurrent selling. Samsung Electronics shares dropped sharply, with market participants attributing the decline to the company's shareholder return plan falling short of investor expectations. Meanwhile, the KOSDAQ index advanced, supported by strength in secondary battery stocks.

Singapore's consumer price index rose 2.2% year-on-year in July, falling short of the 2.3% forecast and edging up from the prior month's 1.90%.

According to Jin10 Futures, China's methanol market prices rose in August as international crude oil prices climbed throughout the month. Middle Eastern supply chain instability and reduced oil-based olefin output combined with increased coal-based olefin demand recovery drove domestic methanol prices higher. Coastal methanol markets followed the inland price movement higher. The outlook for second-half methanol prices hinges on Middle Eastern supply chain stability and international crude oil t

According to SK Hynix statement on August 24, the company is reviewing various plans to strengthen memory business competitiveness, including building additional production facilities, but no details have been confirmed. The clarification addressed reports that SK Hynix is pursuing memory semiconductor fab construction in Miyagi Prefecture on Japan's Tohoku region. The company said it will make a public announcement once specific plans are finalized.

According to Yicai Global, Alibaba's Hong Kong-listed shares fell over 9% in early trading on August 24, opening at 113.1 HKD and hitting a low of 110.8 HKD. The decline was driven by the company's announcement over the weekend of a share placement of 710 million shares at 112.70 HKD per share, raising approximately 80 billion HKD (about 10.2 billion USD) for AI infrastructure investment. Meanwhile, renowned investor Michael Burry, whose story inspired the film "The Big Short," disclosed he has

According to Kazakhstan's national oil company, the Pavlodar refinery maintenance plan has been postponed from 2026 to 2027, the state oil company reported via international news agency.

According to CoinDesk, stablecoin banking platform Fasset completed a $68 million Series funding round led by SBI Group, valuing the company at $1 billion. Fasset reported annualized transaction volume exceeding $40 billion across 125 countries, with revenue growing approximately 6 times year-over-year and achieving profitability for 12 consecutive months. The platform provides cross-border payment settlement services powered by stablecoins, built on Arbitrum.

According to CoinMarketCap, Upbit's 24-hour trading volume reached 2.27 trillion won on August 24, marking a sharp increase from the 300-600 billion won range recorded during the previous week as Bitcoin approached $70,000 and Ethereum prices climbed significantly.

According to Wu Blockchain, Upbit recorded approximately 1.15 trillion won ($830 million) in trading volume within a single hour on August 22 as sharp market volatility drove exceptional activity among Korean traders. The surge occurred during the hour beginning around 5:00 a.m. UTC. Upbit's 24-hour trading volume subsequently reached approximately $3.82 billion, more than double the $1.84 billion recorded on August 21. XRP dominated trading at 32.20% of volume, followed by TRUMP memecoin at 10.

According to Wu Blockchain citing Blockworks Research data, Hyperliquid's Builder Codes ecosystem processed a record $984 million in daily perpetual futures trading volume on August 21. Builder Code protocols generated approximately $782,000 in combined revenue during the session, with MetaMask accounting for roughly $143,000 and Phantom approximately $114,000. Together, the two wallets contributed nearly 33% of the day's total Builder Code revenue, demonstrating how Hyperliquid functions as und

Gate News message, a trader has opened his 15th short position after suffering 14 consecutive losses over the past 5 days. The trader lost a total of $4.56M shorting BTC and ETH in his previous 14 attempts. He has now opened a 40x leveraged short position on 300 BTC valued at $23.13M.

According to BlockBeats, a major trader who previously focused on high-frequency U.S. stock futures trading began intensively trading Hyperliquid (HYPE) starting last Friday, August 24, according to TradingBeats monitoring. The whale reportedly holds a $12 million position in HYPE.

According to BlockBeats, DeFi tokens led gains on Aug 24, with SPK surging 26% daily (up 44.8% weekly) and MORPHO climbing 20.84% to $2.751. AAVE gained 16.76% to $144.07, while PENDLE rose 14.34% to $1.847. ENA added 13.64% to $0.1685. ETHFI, LDO, and MET also advanced over 10%, according to HTX data.