Gate Crypto Flash News and Market Updates

According to Odaily, YOMOGI token on Solana is trending with a market cap of $1.41 million as of August 23, according to GMGN data. The surge follows social media activity from Eno, who disclosed on August 23 that YOMOGI may be connected to Yomogi, a cat recently adopted by Kabosu Mama, the owner of Kabosu, the Shiba Inu that inspired the Doge meme.

According to GMGN data, meme coin CATE plummeted over 40% on August 23, with its market cap reaching a low of approximately $40 million. The asset was trading around $50 million at the time of reporting.

According to Odaily Meme Speed Run monitor, YOMOGI token on BSC is gaining community traction today with a market cap of $410K on GMGN. The spike in interest follows a discovery by Eno on August 23 that the adoptive cat of Kabosu Mama—the owner of Kabosu, the original Doge dog—is named Yomogi, a detail Eno cited from a leaked publication.

According to predict.fun, Team Spirit's probability of defeating Team Yandex in the DOTA 2 International 2026 losers' bracket final stands at 83% on August 23. The best-of-three matchup began this morning, with Team Spirit capturing Game 1.

According to BlockBeats, on August 23, Zach Pandl, Grayscale's head of research, stated that Bitcoin's current price may offer a favorable entry point for investors with a long-term perspective. Analyzing structural adoption trends, market cycles, and macroeconomic factors, Grayscale noted that the ongoing bear market has lasted approximately 10 months, while previous cycles typically lasted 11 to 12 months, suggesting the market may be in late-stage bear conditions. Structural adoption, cycle p

According to Russia's TASS news agency, Iran's Ambassador to Russia Jalali said on August 23 that U.S. military personnel have low morale. He claimed that American troops face poor infrastructure, inadequate food supply, weak logistics support, and declining morale, with multiple casualties reported. Though the Pentagon has not confirmed these claims, Jalali stated that deteriorating equipment and personnel conditions are undeniable.

According to community developer Chetaslua reported by Beating AI, Ox Alpha's backend has been confirmed as Zhipu (Zhipu GLM). When sending a deliberately malformed API request, the model's Java stack trace revealed the path paas/v4/chat, directly matching Zhipu's official API endpoints. Zhipu-hosted GLM models consistently return the same error code 1214 (Incorrect role information), while the same GLM weights hosted on DeepInfra return a different error format. Additionally, tokenization finge

According to MarketWatch, U.S. long-term Treasury yields climbed to fresh highs on Thursday, with the 10-year yield rising to 4.69% and the 30-year yield breaking above 5%, despite the Treasury Department's announcement of expanded debt buyback operations earlier in the week. Brent crude oil surged past $93 per barrel on Thursday, fueling inflationary concerns and pushing yields higher. Analysts noted that oil prices, rather than market skepticism of the buyback program, were the primary driver

According to official announcement, Predict.fun launched losers bracket finals prediction markets for The Predict International Dota 2 event on August 23. As the tournament moves toward finals, the platform will open additional prediction markets with higher AP rewards per market. The total prize pool includes 100,000 USDT and 5,000,000 Predict Points.

According to researchers at South Korea's Insurance Research Institute, the sector should adopt financial contracting arrangements to diversify funding sources beyond insurance product sales, potentially unlocking investment capacity across diverse industries. The Institute's report released today (August 23) cited U.S. large life insurers' use of such contracts as a reference model. Outstanding securities issued by U.S. life insurers based on funding contracts grew more than threefold, from $87

According to the Financial Supervisory Service on August 23, South Korean domestic banks' net profit in the first half of 2026 fell to 13.8 trillion won, down 6.4% from 14.7 trillion won in the same period last year, a decline of approximately 900 billion won. While interest income expanded to 32.2 trillion won, up 8.3% year-over-year, the gain was offset by a significant drop in non-interest income to 2.9 trillion won, down 43.4% from 5.2 trillion won in H1 2025. The decline was driven by secur

According to a Korea Financial Research Institute report released on August 23, the proportion of South Korean non-financial listed companies unable to cover interest expenses from operating profits rose to 39.9% last year, up from 38.5% in 2024. Additionally, the number of companies showing signs of financial distress requiring structural adjustment increased to 437 from 391 the previous year. The institute's Senior Research Fellow Gu Jeong-han noted that potential restructuring candidates acro

According to Wall Street Journal, President Trump's investment account executed over 1,000 stock trades in June 2026, including more than 550 buy orders and 450 sell orders. Trades exceeding $1 million involved Berkshire Hathaway, Visa, Mastercard, Meta Platforms, and Motorola. Since January 2025, Trump's investments have been managed through a revocable trust account administered by his eldest son Donald Trump Jr., with a third-party financial institution handling trades via automated portfolio

According to Yonhap Infomax and Korea Exchange, as of August 23, South Korea's KOSPI and KOSDAQ markets triggered circuit breakers 81 times in 2026, surpassing the 45 instances recorded during the 2008 global financial crisis and marking an all-time high. KOSPI alone accounted for 49 triggers (24 buy-side, 25 sell-side), while KOSDAQ recorded 32 (18 buy-side, 14 sell-side), with July and August seeing the most concentrated activity at 15 and 6 triggers respectively. Market participants including

According to Onchain Lens, LORACLE has recovered approximately $3 million in losses on its HYPE short position as the token declined from its all-time high. The position remains underwater by approximately $16 million.

According to Sandeep Nailwal on X, Polygon Foundation is drafting a staking and tokenomics reform proposal. The proposal includes introducing native staking similar to L1 protocols on Polygon PoS, allocating full priority fees from each transaction to POL stakers, and increasing staking rewards to nearly double current levels sourced entirely from network fees rather than inflation. Additional benefits for POL stakers are also planned, including possible gas fee discounts. Polygon Labs will code

According to South Korea's Financial Supervisory Service (FSS) data disclosed to parliament, five major virtual asset exchanges recorded 6,590 corporate accounts as of late July. Bithumb led with 3,280 accounts, followed by Upbit operator Dunamu with 2,086 accounts; these two platforms accounted for 81.4% of the total. Only 711 corporate accounts (10.8% of the total) had completed customer identity verification (KYC), with Upbit holding the most at 290 accounts. Enterprise holdings across platfo

According to Korea Exchange, South Korea's stock market index KOSPI rebounded on August 23 as Samsung Electronics and SK Hynix led gains, yet trading activity declined significantly. The daily average turnover rate for listed stocks on the main board fell to 0.56% through August 21, marking a year-to-date low. Trading volume and transaction value also hit record lows for 2026 as investors reduced active trading positions.

According to Iran's Supreme National Security Council secretary, the country exported 70 million barrels of oil over the past one to two months.

According to News1 citing Financial Supervisory Service (FSC) data, on August 23, South Korea's FSC is reviewing a plan to compensate Homeplus electronic commercial paper victims prior to the completion of the retailer's rehabilitation proceedings. The approach would involve prioritizing compensation once improper sales are confirmed through inspection and penalties, with final settlements adjusted after actual losses are determined. However, the plan requires the consent of selling securities f