Gate Crypto Flash News and Market Updates

Argentina's Foreign Minister Pablo Caputo hinted yesterday (August 27) that the country may withdraw from Mercosur, the South American trade bloc. Speaking at an event at the Buenos Aires Bar Association, Caputo stated that Mercosur "has not achieved its initial objectives." He indicated that if reforms within the organization cannot be advanced, Argentina will pursue its own trade agenda.

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) reported Thursday that directional hole MD-070 at its flagship Mocoa project in southern Colombia intercepted 771 meters grading 0.54% copper equivalent. The interval, beginning 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, with a higher-grade core of 102 meters at 0.87% CuEq. The result tracked the company's geological model closely, confirming grade and continuity within the existing 1.12-bill

According to BitGo's announcement on Thursday (August 27), the company completed the acquisition of NYDIG's institutional trading business. The transaction includes NYDIG's institutional client relationships and approximately 30 employees who joined BitGo. The acquired business provides derivatives, structured products, financing and capital markets services to asset managers, hedge funds and companies. BitGo CEO Mike Belshe stated the acquisition will "meaningfully scale" the company's trading

Pasqal Holding SA completed its reverse merger with Bleichroeder Acquire Corp. II and began trading today (August 28). The stock surged 43% during its first day of trading.

According to TheStreet, Federal Reserve Chair Kevin Warsh warned on August 28 at the Jackson Hole Economic Symposium that underlying inflation must show "clear progress" toward the Fed's 2% target, otherwise "we have work to do." Warsh emphasized that recent data do not indicate meaningful improvement, with the Fed's preferred Personal Consumption Expenditures index remaining at 3.7% in July. Markets quickly repriced expectations following the speech. Polymarket odds of a Fed rate hike in 2026 j

According to Kitco News, John LaForge, Chief Alternative Strategist at Ned Davis Research, said in a recent interview that gold's long-term uptrend will continue as long as governments fail to address mounting debt burdens. LaForge stated that gold prices peaked only when "we learn how to deal with the debt situation," and predicted investors could see multiple years of higher prices globally. LaForge recommended building a 10% allocation to alternative assets in investment portfolios, with roug

According to Barclays Bank and Societe Generale, both institutions expect the Federal Reserve to raise interest rates in September and December. The forecasts reflect expectations for further monetary policy tightening by the U.S. central bank over the coming months.

Dunamu and Visa signed a partnership agreement on Aug. 27 in San Francisco to explore stablecoin payments, cross-border remittances and AI-integrated payment infrastructure. The deal centers on Open USD (OUSD), a dollar-pegged stablecoin already backed by Visa, Mastercard and over 140 companies. Dunamu CEO Oh Kyung-seok said the collaboration will examine how AI, stablecoins and tokenization can bridge digital assets with traditional financial systems. The companies plan to roll out stablecoin p

According to CNBC, Salesforce shares surged 23% on Thursday (August 27), marking the stock's best day since 2020, after the company beat earnings expectations and announced a new partnership with Anthropic. The rally erased most of the stock's annual losses, though it remains down about 5% for the year. Salesforce reported quarterly revenue growth of 11%, ahead of estimates, with annualized revenue from its Agentforce AI products soaring 240% from a year ago to more than $1.5 billion. The compan

The SEC declared Evernorth's Form S-4 registration statement effective this week, clearing the path for the Ripple-backed XRP treasury company to pursue a Nasdaq listing. Armada Acquisition Corp. II shareholders are scheduled to vote September 30 on the proposed combination with Evernorth Holdings; if approved, the merged company expects to trade under ticker XRPN. Evernorth was created to give public-market investors exposure to XRP through a corporate treasury structure. The transaction, annou

According to a Friday announcement, Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure. USD.AI will use the capital to lend to AI infrastructure operators, with loans backed by underlying GPU hardware rather than borrowers' broader corporate assets. USD.AI, an onchain financing platform developed by Permian Labs, connects stablecoin liquidity with GPU infrastructure financing demand. Bullish plans to list USD.AI's sUSDai

According to Kitco, spot gold prices declined 0.16% to $4,593.20 per ounce in early U.S. trading Friday, while spot silver surged 1.50% to $70.17. Markets focused on two key 10 a.m. ET catalysts: Fed Chair Kevin Warsh's first Jackson Hole keynote as chair and the Labor Department's preliminary payroll benchmark revision through March 2026. Markets were pricing a 34% probability of a September rate hike and approximately 74% chance of at least one hike by December. Gold's direction hinges on Wars

According to U.S. Treasury Secretary Scott Bessent's statement on August 27, the U.S. and Japan's rare joint intervention to support the yen in July was intended to prevent disorderly market moves that could force liquidations and threaten global financial stability, ultimately raising U.S. interest rates and borrowing costs. Bessent emphasized that Japan, the largest foreign holder of U.S. Treasury debt, faces contagion risk if the yen experiences severe volatility. Japan disclosed Friday that

WTI October crude futures closed at $83.40 per barrel today. Abu Dhabi Murban crude futures rose 1.09% to $94.04 per barrel, though the contract has declined 9.13% since the start of the week.

According to Shanghai Gold Exchange, gold and silver futures prices declined during evening trading on August 28. Gold (T+D) fell 2.64% to close at 964.55 yuan per gram, while silver (T+D) dropped 3.89% to 16,187.0 yuan per kilogram.

Shanghai Futures Exchange crude oil futures (DCE crude, 2610 contract) closed up 3.66% overnight on Aug 28, settling at 614 yuan per barrel. Shanghai gold futures fell 2.65% and Shanghai silver futures declined 3.62% during the same overnight session.

According to CNBC, Imax shares reached an all-time high of $54.79 this week, up nearly 80% over the past 12 months, despite limited acquisition interest nine months after CEO Rich Gelfond first signaled openness to a sale in December. The company held preliminary discussions with potential buyers earlier in 2026 but has not fielded formal bids. Analysts attribute the lack of suitors partly to the stock's elevated valuation, with major studios facing potential conflicts of interest and tech giant

According to The Verge, Meta closed a loophole on Friday that allowed users to bypass the recording alert LED by covering it after recording started. Previously, Meta only deactivated recording if users covered the light before starting to capture video, creating an opening for users to circumvent the safeguard. In a Threads post, Meta's VP of wearables Alex Himel announced that an update will be rolled out soon ensuring that "the camera will now stop working if the light is covered during a rec

According to Legiscan, the California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday to restrict digital asset service providers from offering memecoins issued by or in partnership with public officials. The bill defines memecoins as digital assets whose value derives primarily from public interest, speculation, or community engagement. The restrictions take effect on January 1, 2027. The Assembly subsequently voted 78-0 to concur in the Senate's amendments, and the bill now awaits

According to Arthur Hayes on Laura Shin's Unchained Podcast, Strategy Inc. (Nasdaq: MSTR) mNAV premium compressed to roughly 0.74x on August 27, erasing the stock's historic valuation edge. The company holds 840,447 BTC while owing approximately $1.5 billion annually in STRK and STRC preferred-share dividends. Hayes argued that bitcoin need not fall for Strategy's model to break—sideways price grind is sufficient. With the premium nearly gone, Strategy can no longer fund a new buying cycle throu