Gate Crypto Flash News and Market Updates

According to Coinbase, Bitcoin surged past the $70,000 level on August 20 (1 p.m. ET), driven by accelerating demand amid U.S. Treasury buyback discussions and regulatory easing expectations. The price surge triggered a wave of short liquidations, with over $3 billion in short positions cleared in a single day, further accelerating upward momentum as underwater bearish bets forced automatic exits.

The Nevada Transportation Authority approved Tesla, Uber, and Waymo to provide autonomous taxi services in Clark County (Las Vegas area) on Thursday. Tesla received approval to deploy up to 5,000 robotaxis over the next 12 months, while Waymo and Uber each secured permits for 1,000 vehicles. Tesla shares rose 5.1% to $362.86 on Friday, with Alphabet up 1.22% and Uber gaining 0.3%.

According to a Binance statement and people familiar with the matter, authorities in Dubai and Sharjah recently questioned Binance staffers regarding a bank account the exchange uses to hold customer money. Some employees who were signatories on the account were questioned following complaints received by authorities. Binance said the staffers provided standard statements about third-party fund flows, were not targets of investigation, and were promptly cleared and released. The exchange is coor

As of August 2026, Iran's crude oil loadings have fallen to approximately 260,000 barrels per day—roughly one-seventh of pre-conflict levels of 1.5 to 1.85 million bpd. The collapse followed the US-Israel conflict escalation on February 28, 2026, which triggered a US naval blockade of Iranian ports and the Strait of Hormuz. An interim deal in June briefly eased restrictions, allowing exports to recover to approximately 1.3 million bpd, but a renewed blockade in mid-July reversed gains. Iran repo

On Thursday, the Trump administration signed a new national space transportation policy calling for the development of more spaceports to support more than 1,000 launches and reentries per year by 2030. The presidential memorandum replaces a 2013 policy signed by former President Barack Obama. The projected surge is driven by commercial and military demand. The policy directs the Pentagon and NASA to prioritize infrastructure investments at federal spaceports including Cape Canaveral, Vandenberg

According to Yonhap Infomax, South Korean government bond futures showed mixed movement overnight on August 22 as U.S. Treasuries declined. The 3-year bond futures closed at 103.13, matching the previous day's session, while 10-year futures gained 21 ticks to 105.32. Foreign investors bought 24 contracts of 10-year futures net, though financial and retail investors sold 6 and 18 contracts respectively. Meanwhile, U.S. Treasury yields rose broadly, with the 10-year yield climbing 2.70 basis point

According to state news agency Andina, Peru's President Dina Fujimori announced the declaration of an emergency state in the southern Arequipa region due to liquefied petroleum gas (LPG) shortages. The shortage was caused by heavy rains triggering landslides that blocked roads for multiple days. The emergency status will authorize the Energy and Mines Supervisory Agency (Osinergmin) to implement measures to promote fuel distribution and sales.

According to Bitcoin.com News, Ripple, Clearpool and Cicada are backing a new institutional credit initiative on the XRP Ledger that enables fintechs and payment companies to borrow RLUSD against real working-capital needs. Clearpool is building the lending infrastructure and has facilitated over $930 million in institutional loans since 2021, while Cicada will originate and manage credit after underwriting more than $860 million. Ripple will invest in the fund alongside other limited partners.

On Friday (August 21), U.S. 30-year Treasury yields rose to 5.276%, approaching the 5.3% level, marking the second consecutive trading day of gains despite the Treasury Department's announcement earlier in the week to expand buyback operations for long-dated securities. The 10-year yield also climbed to 4.736%, while the 2-year yield reached 4.24%. Market participants noted that the Treasury's buyback measures, which included doubling repurchase volumes for 10-year, 20-year, and 30-year bonds be

According to Yonhapnews, on August 21, South Korea's KOSPI index fell 92.63 points (1.35%) to close at 6,759.95, while KOSDAQ declined 16.84 points (2.00%) to 824.05. The decline came as biotech shares, which surged on August 20 following Moderna's 176.97% single-day spike on successful mRNA cancer vaccine Phase 3 trial results, reversed course amid broader market correction. Among biotech stocks, Samyang Biopharm showed relative strength, trading up 9.25% to 61,400 won on August 21, outperformi

In the past three months, stricter tracking error management standards for exchange-traded funds (ETFs) and exchange-traded notes (ETNs) have impacted a broader range of products than previously expected. According to application of the new standards to closing price tracking errors, 129 products exceeded the new threshold for the first time, despite never breaching the previous baseline. The enhanced regulations are increasing management burdens for fund operators across a wider product range.

According to E Daily, Moderna's personalized mRNA cancer vaccine Intisema Autogene met primary efficacy endpoints in a Phase 3 trial involving over 1,100 high-risk melanoma patients on August 19. The milestone sent MRNA stock soaring 177% to $174.38 in a single trading session, marking the highest level in three years. Bank of America raised its price target from $40 to $170 and upgraded to neutral, while RBC Capital lifted its target from $45 to $130, citing Moderna's potential transition from

According to BCA's August 22 strategy report, recent U.S. Treasury yield increases reflect rising fiscal and inflation premiums rather than stronger economic growth expectations. The latest rate rises show a different pattern from past cycles—while core real rates typically climb when growth strengthens, current yields are driven by expanded budget deficits and inflation uncertainty, pushing up term premiums on government debt. BCA analysis indicates the U.S. faces significant fiscal constraints

According to Yonhapinfomax, on Aug 21, President Donald Trump said Iran wants a deal but is not prepared to make the right one. Speaking to reporters while traveling to South Carolina from Andrews Joint Base, Trump stated that the U.S. completely controls the region around the Strait of Hormuz, including inland areas. Trump criticized Iran's economic situation, noting the country lacks a navy, cannot pay military and police salaries, and faces 350% inflation.

According to BCA's latest strategy report released on August 22, U.S. Treasury yields rising above 4.5% in the next 1-2 months will exert pressure on equity markets, as sustained concurrent rises in both Treasury yields and stock prices remain difficult to maintain. BCA noted that once stock prices decline and economic and inflation pressures moderate over 6-12 months, Treasury yields will likely fall accordingly. BCA expressed caution toward U.S. equities due to elevated valuations and excessiv

According to Korea Securities Depository portal SaveRo, South Korean retail investors (so-called 'Western School Ants') purchased $85.61 million of Roundhill Memory ETF during the week of Aug 14-20, marking the second-largest foreign investment after Alphabet ($89.12M). Roundhill Memory ETF concentrates on U.S.-listed memory semiconductor companies including Samsung Electronics, SK Hynix, and Micron. The inflow reflects recent gains in chip stocks, with SK Hynix and Samsung rising 21.66% and 21.

According to FNGuide data, Samsung Electronics and SK Hynix stock prices slumped 34.18% and 48.35% respectively from July 1–30, yet brokerage target prices remained significantly elevated through August 21. Among 20 brokerages covering Samsung, the average target price stood at 486,750 Korean won despite the stock closing at 281,500 won on August 21, while 21 brokerages covering SK Hynix averaged 3.31 million won against the stock's 1.73 million won close. Brokerage price targets narrowed only i

According to Guru Club, Anthropic has hired Amir Salek, Google's TPU project founder, on Aug 22 to lead efforts in developing custom semiconductors. Salek directed Google's tensor processing unit business until 2022 and oversaw development of seven generations of TPU chips. Anthropic currently sources chips from Nvidia, Google, and Amazon but has signaled intent to build proprietary chip capabilities to address supply constraints and tailor designs to its specific needs. The company has begun re

According to insider sources, Apple is laying off over 200 employees on August 22 across multiple teams responsible for its Siri digital assistant and Vision Pro headset as it shifts resources toward artificial intelligence and new device development. The company is discontinuing a dedicated Vision Pro gaming team and reducing content production staff for the device's immersive video experiences. Approximately 100 positions are being eliminated from Vision Pro, while Siri and software engineerin

According to Solana Foundation VP Jacob Creech, Solana activated a slot time reduction from 400 milliseconds to 350ms on August 21 (epoch 1020), with observed times averaging around 360ms. The change marks the first stage of SIMD-0525, a staged mainnet upgrade establishing successive targets of 300ms, 250ms and ultimately 200ms. The upgrade prioritizes latency reduction rather than doubling validator compute load. Maximum compute units per block decrease proportionally from 100 million at 400ms