Gate Crypto Flash News and Market Updates

According to CNBC, BlackBerry's stock has doubled this year as investors reward the company's strategic shift away from smartphones toward automotive software and secure communications. The company's QNX operating system business, which powers safety-critical features in 275 million vehicles globally, is now positioning for expansion into robotics. BlackBerry has accumulated a $950 million backlog of orders for QNX, with a portion dedicated to robotics, CEO John Giamatteo said. Robotics has beco

According to Korea Securities Depository data, Korean retail investors surged purchases of the Direxion Daily Semiconductor Bull 3X ETF (SOXL) to $798 million in net inflows during the week of August 21-27, ranking the product first among overseas stocks for the period. The buying spree stands in sharp contrast to earlier this month, when SOXL did not appear in the top 50 list for the entire month through August 27, underscoring a dramatic shift in investor sentiment. The 3x leveraged product tr

According to market data and Cryptoreviewing analysis, Bitcoin peaked at $81,500 on Thursday but fell to $76,877 on Friday following Federal Reserve Chair Kevin Warsh's speech rejecting forward guidance. The retreat triggered $465 million in 24-hour liquidations, with $107 million wiped across derivatives in the immediate pullback. Liquidity data shows a sharp imbalance: $5.7 billion sits below between $75,000-$78,500, versus $2.8 billion overhead between $81,500-$84,000. Whales are maintaining

According to Deutsche Bank on August 29, the bank's economists predict the Federal Reserve will raise rates by 25 basis points in both September and December. Federal Reserve Chair Powell emphasized in his Jackson Hole speech the need to bring inflation back to the 2% target, signaling a hawkish stance. The bar to avoid a 25 basis point hike in September is now very high unless future economic data comes in significantly weaker than expected. Market pricing shifted sharply higher following the r

According to CNBC, Apple on Friday increased the monthly subscription price of Apple TV to $14.99, or $119 per year, up from $12.99 monthly or $99 annually. The company also raised the price of Apple One, its bundle subscription that includes iCloud storage, Apple Music and other services, to $21.95 from $19.95 per month. Apple attributed the adjustment to the addition of significant content, including the F1 series and Ted Lasso's fourth season.

According to Galaxy Research, in the week ending August 23, Bitcoin gained $14,264, or 22.7%, closing at $77,387—the largest single-week dollar gain since the asset began trading. The rally continued afterward, with Bitcoin touching $81,000 before easing back to the $79,000 region. Galaxy's analysis points to Bitcoin's 50-week moving average near $82,470 as the next key signal; historically, a weekly close above this level has aligned with bear market bottoms in 11 of 13 cycles since 2011, sugge

According to Kitco News, the U.S. Bureau of Labor Statistics announced on Friday that nonfarm employment was revised down by 79,000 for the 12 months ending March 2026, representing a -0.1% adjustment. Private employment was revised down by 178,000 over the same period. Spot gold fell sharply to $4,543.80 per ounce following the announcement and last traded at $4,564.05, down 0.83% on the session.

According to CNBC, Meta's free cash flow plunged 91% in the second quarter as the company's capital expenditures jumped 88% to $31.1 billion. Alphabet posted its first-ever quarterly cash outflow since going public in 2004 after doubling capex to $44.9 billion, while Amazon posted negative free cash flow of $8.8 billion following a 68% capex increase to $54.21 billion. Microsoft saw free cash flow decline 23% to $19.6 billion despite capex more than doubling. To address mounting cash pressures,

According to Kitco News, Federal Reserve Chair Kevin Warsh said on Friday at the Jackson Hole Central Bank Symposium that price stability is more of a concern than the slowing labor market. Spot gold fell 1% to $4,552 per ounce following his speech, as markets priced in potential rate hikes. Warsh highlighted that the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7%, while the six-month change is 4.1%, indicating underlying inflation remains above the central bank'

According to CNBC, Affirm CEO Max Levchin said on Friday that high gas prices are weighing on U.S. consumer spending. The national average gas price stood at $4.09 per gallon, down from May's peak of $4.50 but still elevated. Levchin noted that consumers are seeking payment flexibility tools to manage inflationary pressures. Affirm reported fiscal Q4 revenue of $1.17 billion, beating the $1.11 billion estimate, with gross merchandise volume reaching $14.1 billion versus $13.39 billion expected.

According to industry data, South Korea's 10 major brokerages (Mirae Asset, Korea Investment, Samsung, KB, NH, Shinhan, Meritz, Kiwoom, Hana, Daeshin) posted combined net profit of 5.9 trillion won in the second quarter of 2026, up 37% quarter-on-quarter and 141% year-on-year. However, brokerage stocks have diverged sharply from earnings strength, with the Korea Exchange's securities sector index falling roughly 49% from its May 9 peak of 9,804.97 to the 5,000-5,500 range by August 28. Market an

On Aug. 21, a bridge exploit drained 14.744 million SAND from The Sandbox's Ethereum vault. On Thursday, the platform pledged to repay eligible SAND holders 1:1 from its treasury, with no new tokens minted. Users who legitimately held bridged SAND on Base or BNB Smart Chain before the attack will receive an equivalent amount of Ethereum-based SAND. The claims process is expected to open within two weeks and remain open for another two weeks. Two centralized exchanges hold over 72% of eligible ba

According to Chosun Biz Money Move, Mirae Asset Financial Group invested 1.77 trillion won in domestic artificial intelligence semiconductor companies on August 27. The investment amount represents nearly half of the group's approximately 400 billion won allocation to SpaceX, according to the company's half-year financial report.

According to the Wall Street Journal, Sheikh Tahnoon bin Zayed Al Nahyan's group backs a 49% stake in WLTC Holdings, the holding company behind World Liberty Financial's proposed U.S. trust bank. An entity affiliated with President Donald Trump's family owns another 38%. The Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval on August 14. The trust bank cannot begin operating until it satisfies additional OCC pre-opening requirements an

According to the Wall Street Journal, Sheikh Tahnoon bin Zayed Al Nahyan's group owns 49% of WLTC Holdings through StringZ Holding RSC, with an entity affiliated with US President Donald Trump's family holding another 38%. On Aug. 14, the Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval. If it receives final approval, the planned trust bank would oversee the issuance, redemption, and custody of World Liberty Financial's USD1 stablecoi

According to OneKey founder Yishi Wang, the open-source wallet provider's security team reproduced a transaction replacement attack against Ledger Ethereum app version 1.22.1 on Thursday, exploiting a previously patched vulnerability that allows attackers to overwrite a transaction while a user reviews it for signing. Ledger addressed the vulnerability with app-level safeguards in Ethereum app 1.22.2, released on Aug. 13, and fixed the underlying issue in Secure SDK 26.6.1 on Aug. 21. "No Ledger

Offshore yuan (CNH) fell 114 pips to 6.7308 against the U.S. dollar on Friday (August 28), trading within a range of 6.7176–6.7328 during the session. The currency declined approximately 0.15% for the week.

On Friday, August 28, U.S. stock index futures closed lower in New York's final session. The S&P 500 futures fell 0.24%, Dow futures declined 0.03%, and Nasdaq 100 futures dropped 0.65%. Russell 2000 futures retreated 1.31%.

According to Polish Justice Minister Waldemar Żurek, Radosław Piesiewicz, president of the Polish Olympic Committee, was detained on Aug. 27 in connection with a fraud investigation into Zondacrypto, a collapsed cryptocurrency exchange that served as the official sponsor of Poland's Olympic team for the 2026 Winter Olympics. Zondacrypto collapsed in April after prosecutors estimate clients lost at least $94 million. Former CEO Przemysław Kral reportedly fled abroad. Investigators allege Kral pro

According to CNBC, Marvell Technology shares fell 6% on Friday (Aug 28) despite beating Q2 revenue expectations, as the chipmaker's raised fiscal 2028 outlook underwhelmed investors. The company reported Q2 revenue of $2.7 billion, up 37% year-on-year and $39 million above guidance. However, Marvell's revised fiscal 2028 forecast of $18 billion (50% YoY growth) fell short of market expectations, dampening sentiment after recent optimism from its $12.2 billion Google partnership announcement.