Gate Crypto Flash News and Market Updates

According to Onchain Lens data monitored by ChainCatcher, trader Loracle holds a HYPE short position of 685,700 tokens valued at approximately $56.39 million, with an unrealized loss of $19.55 million. The position's historical cumulative loss has reached $35.31 million. The liquidation price stands at $101.16, while HYPE has surged past $82 and reached an all-time high.

According to BlockBeats, citing HTX market data, BNB broke above $720 on August 22, with 24-hour gains expanding to 8.79%. The asset's market capitalization rose to $95.75 billion.

According to Cointelegraph, over $5 billion in leveraged cryptocurrency positions were liquidated over the past 72 hours.

According to ChainCatcher, Bitcoin's recent rally on August 19-20 saw open interest decline while onchain data showed shifting demand dynamics. Data analyst Murphy noted that unlike typical leveraged rallies, the current price move was primarily driven by forced liquidations and short covering rather than new long positions entering. Exchange spot trading volume relative to derivatives (SRV) reached 2.94 on August 19-20, approximately 3 times the 30-day average. This level of spot volume typical

According to CCTV, on August 21 at midnight, Canadian Prime Minister Chrystia Freeland announced the decision to suspend trade negotiations with the United States.

According to Reuters, Nvidia made a minority investment in Cloverleaf Infrastructure on August 21, a US-based developer that secures power and infrastructure for AI data center projects. Cloverleaf, founded in 2024, will use the funding to develop gigawatt-scale data center sites, while Nvidia will support infrastructure buildouts. Financial terms were not disclosed. Cloverleaf will deploy Nvidia's DSX platform for AI factory design and site planning.

According to BlockBeats, on August 22, ZEC spiked to $850, marking a new all-time high based on HTX exchange data. The asset has since pulled back to $838 but maintains a 46.65% gain over the past 24 hours.

According to U.S. officials, there are currently no scheduled negotiations with Canada.

According to Foresight News, Illuvium co-founder Kieran announced that over the past six months the studio cut costs significantly across operations and now holds over 12 months of funding reserves. The remaining team members are largely focused on MMO game development, with most having worked at Illuvium for over three years. The project plans to launch multiple titles this year, including a new celebration collection for Beyond Set 1, Beyond Chaos, Primal Tactica, and Loadout. Primal Tactica h

According to U.S. officials, a 5% tariff on certain Canadian import goods will take effect on Saturday at 12:01 a.m. Eastern Time (August 24). The policy represents a shift from a previous agreement intended to substantially reduce tariffs. Under the new measure, Canada will receive a more favorable trading position compared to other U.S. export partners.

According to Bitfinex analysts, Bitcoin reached $79,491 on Aug. 21, marking a multi-month high, while spot Bitcoin ETFs pulled in $606.29 million on Aug. 20—their largest single-day inflow since May 1. BlackRock's IBIT captured 82% of the total, with net assets across spot Bitcoin ETF products reaching $90.16 billion. Analysts noted the rally is driven primarily by spot buying and short covering rather than fresh leverage. Open interest rose only 4% while Bitcoin climbed 10-11%, indicating cash

According to Bloomberg, the U.S. Customs issued guidance on August 22, announcing 50% tariffs on select Canadian goods. The tariffs will take effect Saturday at 00:01 ET.

According to on-chain analyst Yǔ Jìn, a major whale closed a 60,000 ETH long position earlier today (August 22) for $14.88 million in profit at an average price of $2,514 per ETH. The whale currently holds 3,000 BTC worth $235 million and 60,000 ETH worth $151 million, with unrealized gains of $47.45 million on open positions.

According to Odaily, on August 22, Upbit and Bithumb suspended deposits and withdrawals for SAND following suspected security issues on the network that could trigger increased price volatility. Both exchanges issued risk alerts to users. Spot trading for SAND remains operational on both platforms.

According to BitMart's official statement on August 22, the exchange is launching a potential restructuring plan and has appointed WKL Law Firm as its legal advisor to evaluate phased business recovery options, with further updates promised by September 9. The plan aims to serve as an alternative to full liquidation and would include staged operational recovery alongside creditor compensation, subject to legal, financial, operational and compliance assessments.

According to reports, President Trump said on August 22 during a South Carolina campaign rally that Iran has suffered such severe military and leadership losses that he cannot identify anyone to negotiate with. Trump stated that the country has lost its navy, air force, radar systems, and manufacturing capacity, with leaders across multiple tiers eliminated. "This is the only country in the world where nobody wants to be president," Trump remarked.

According to Lookonchain data, trader Machi turned $152,000 into $12.72 million in 3 days despite being liquidated nearly 500 times. The trader netted over $12.5 million in profit over the period.

According to BlockBeats, on August 22, the U.S. Commodity Futures Trading Commission's Innovation Advisory Committee held its first meeting, chaired by CFTC Chair Michael S. Selig, with numerous crypto industry founders and executives attending. The session catalyzed broad gains across crypto and related equities. LIT surged 24.63% in 24 hours to a market cap of $797 million, while XRP, CRO, and UNI rose 20%, 16%, and 15% respectively. In traditional markets, HOOD gained 13.70% to a $97.218 bill

According to BlockBeats, on August 22, president-themed tokens continued rallying, with TRUMP up 35% and MELANIA up 23% in 24 hours, according to HTX market data. WLFI gained 3.6% in 24 hours and 14% in seven days.

According to MarketWatch, on Thursday (August 22), the 10-year U.S. Treasury yield rose approximately 5 basis points to 4.69%, while the 30-year yield broke above 5%, marking the highest level since 2007. This came despite the Treasury Department's announcement on Wednesday of increased long-term debt buybacks scheduled for September, which only temporarily eased yields before investors demanded higher compensation to hold longer-dated bonds. The yield rebound was primarily driven by surging oil