Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
16:52

HIVE and Northern Data Face VAT Denials; HIVE Recognizes $84.7M Tax Provision in August 2026

According to The Energy Mag, HIVE Digital (NASDAQ: HIVE) and Northern Data AG face VAT decisions from Sweden's Tax Agency in September 2025, which classified certain cryptocurrency mining activities as outside the VAT system and denied input-VAT recovery. HIVE recognized an 822 million-kronor ($84.7 million) provision for disputed periods through June 2026, while Northern Data faces proposed VAT denials totaling approximately €48 million across three subsidiaries, alongside a criminal investigat
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16:52

BIS Chief Says Stablecoins Lack Credible Money Properties as Global Supply Hits $308B

According to Reuters, on August 28, BIS Chief Pablo Hernández de Cos said at Jackson Hole that stablecoins "do not yet uphold the foundational properties of money," citing four key failures: par redeemability, elasticity, interoperability, and financial integrity. De Cos noted that issuers cannot guarantee one-to-one cash redemption, supply does not expand with economic activity, cross-blockchain transfers remain limited, and self-custodied wallets complicate anti-money-laundering enforcement. G
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16:43

Pump.fun Mobile App Surges to $50M Daily Volume, Up From $250K at Launch

Pump.fun's mobile app crossed $50 million in daily trading volume today, up from $250,000 when it first launched. Daily transactions have scaled to 905,000 from 2,500 over the same period. The Solana-based memecoin launchpad has generated $214 billion in lifetime trading volume, accumulated $1.3 billion in total fees, and attracted approximately 80 million unique wallets.
PUMP0.57%
SOL1.42%
MEME1.20%
16:43

DTCC, BitGo Successfully Tokenize US Treasuries and Equities in July Pilot; Full Launch Planned for October 2026

The Depository Trust Company, DTCC's subsidiary, successfully tokenized eligible US Treasuries and equities on July 15, with BitGo Bank & Trust serving as the OCC-regulated custodian for settlement and onchain asset movement. Over 30 financial firms, including BlackRock, Goldman Sachs, and J.P. Morgan, participated in the pilot program testing the Tokenization Service's interoperability and operational capabilities. BitGo is the only qualified custodian integrated with the DTCC Tokenization Serv
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16:43

Chainlink Records 9 Integrations Across 5 Services and 5 Chains

On August 30, Chainlink recorded 9 new integrations spanning 5 of its core services across 5 blockchain networks. The batch included participation from 8 platforms, among which Coinbase and Robinhood Crypto were the most notable participants. The integrations encompass Chainlink's Data Feeds and Cross-Chain Interoperability Protocol (CCIP) services.
LINK1.86%
16:43

Vietnam Launches Regulated Crypto Market Pilot, Five Exchanges to Begin Operations in Q3 2026

Vietnam's government, as outlined in Government Resolution No. 05/2025 signed in September 2025, launched a five-year pilot program for tokenized assets with operations set to begin in Q3 2026 for five licensed exchanges. The framework requires all tokenized assets to be backed by real-world assets and issued by Vietnamese entities, with all settlements conducted in Vietnamese Dong. Foreign investors gain first access, while domestic investors enter six months after the first license is official
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16:42

Apple Names 25-Year Veteran John Ternus as Next CEO, Starting September 1

Apple named John Ternus as its next CEO on April 20, with the 25-year company veteran set to officially take charge on September 1. He succeeds Tim Cook, who will transition to executive chairman. Cook's 15-year tenure added roughly $3.6 trillion to Apple's market value. Ternus, who joined Apple in 2001 and was promoted to senior vice president in 2021 overseeing iPhone, iPad, and Mac product lines, has already begun restructuring the design team ahead of his official start.
16:42

Prediction Markets Hit 11% Odds for Iran Reconstruction Funding Amid US-Iran Conflict Economic Resilience

According to Fortune, six months into the ongoing US-Iran conflict, global markets have shown resilience with no significant economic disruption reported. Prediction markets are pricing the inclusion of Iran Reconstruction Funding in a potential US-Iran deal at approximately 11% YES, reflecting slight optimism regarding diplomatic negotiations. Key potential negotiators include U.S. President Donald Trump and Iranian Foreign Minister Javad Zarif, with Qatar and Pakistan involved in mediation eff
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16:42

US Treasury Doubles Bond Buyback to $4B, Gold Surges 7% in Five Days

According to Goldman Sachs, gold surged over 7% in five days following the US Treasury's August 19 announcement to double its buyback program for long-dated bonds to $4 billion, pushing prices near $4,700 per ounce. The intervention signaled market concerns about sovereign debt risks and fiscal credibility, as investors treated the move as a policy response to yield pressure. Gold's options market showed rising bullish conviction, with Goldman Sachs noting increased call option demand acting as
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16:37

Major U.S. Retailers Handle $2.9B+ Tariff Refunds Differently in Q2: Some Cut Prices, Others Boost Profits

According to CNBC, major U.S. retailers including Walmart, Home Depot, Lowe's, Target, TJX, and Kohl's received significant tariff refunds in the second quarter following a February Supreme Court ruling, but handled the windfall through divergent strategies. Walmart received roughly $2.9 billion in eligible refunds and plans to use them to lower consumer prices, while Home Depot deployed $685 million of its $730 million refund toward reducing cost of goods sold. Conversely, Lowe's opted to boost
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16:31

Israeli Forces Advance in Southern Lebanon, Conduct Strikes and Artillery Attacks on August 31

According to Al Jazeera citing Lebanon's National News Agency (NNA), Israeli infantry advanced along the western bank of the Litani River in southern Lebanon on August 31 while conducting demolitions along the Zaoutar al-Gharbiyeh River. Israeli military forces continued bombing residential areas south of the Litani River and launched new military operations in Majdal Zoun village. Israeli artillery struck multiple locations including Mansoura in Tyre district and Aita al-Jabal and Bayt Yahoun i
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16:31

CME FedWatch: Fed Rate Hike Probability Rises to 57% for September FOMC, Up 25 Basis Points

According to CME FedWatch, the probability of a 25 basis point rate hike at the Federal Reserve's September 16 FOMC meeting rose to 57%, with the target rate range potentially moving to 3.75%-4%. The odds jumped sharply from 39.9% on August 21 to 57% following Fed Chair Kevin Warsh's Jackson Hole speech on August 28, effectively erasing market expectations for a rate cut. Polymarket and Kalshi prediction markets align with CME data, showing 52% odds for unchanged rates and 48% for a hike, with c
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16:23

Cursor CEO Says OpenAI Models Account for Just 5% of User Traffic

According to Cursor CEO Michael Truell, on August 29, 2026, OpenAI's models power roughly 5% of the platform's user traffic, one day after OpenAI announced the termination of its model-supply contract. The decision follows SpaceX's $60 billion all-stock acquisition of Cursor's parent company Anysphere, which closed on August 14. OpenAI cited compliance concerns related to SpaceX. The practical impact on Cursor users appears minimal, as the platform already supports models from Anthropic, Google,
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16:14

Real Trump Coins Denies GOLD Token Launch, Lookonchain Data Reveals 82.45% Supply Concentration

According to Cointelegraph, Real Trump Coins denied authorizing or launching the Trump Digital GOLD token on Saturday, blaming the promotion on third-party bad actors. The Solana-based token briefly appeared across the Real Trump Coins X account and RealTrumpCoins.com before collapsing. Blockchain analytics platform Lookonchain revealed highly concentrated token distribution, with the developer and newly created wallets controlling 82.45% of GOLD's supply. Fifteen wallets linked to the team sold
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TRUMP-3.20%
SOL1.42%