Gate Crypto Flash News and Market Updates

According to Iraqi President Amidi, on August 22, some Iraqi oil-laden tankers have been granted permission to transit the Strait of Hormuz. The announcement comes following discussions between Iraq and visiting Iranian Parliament Speaker Kalibaev regarding a reassessment of bilateral relations. Amidi emphasized that Iraq must engage in dialogue with militia groups to address weapons control issues in line with Iraq's national interests, and noted that Iran has not requested Iraq delay its weapo

According to the Pentagon, on August 21, the Department of Defense dismissed Eric Slayvean (editor), Max Lederer (publisher), and Lara Koltz (senior Middle East correspondent) from the military newspaper Stars and Stripes for insubordination. The terminations followed the outlet's reporting on poor working conditions and morale crises aboard the USS Lincoln aircraft carrier, which drew fresh criticism over the Trump administration's handling of the Iran conflict. Slayvean and Koltz cited disagre

According to CoinGecko data, Upbit, South Korea's largest cryptocurrency exchange, processed approximately $1.84 billion in trading volume over the past 24 hours, marking a 273% surge and the highest single-day volume since mid-March. XRP led activity with around $418.9 million in trades, followed by Bitcoin, USDT, and Ethereum, indicating renewed interest extending beyond Bitcoin. Bithumb, the country's second-largest exchange, also saw significant growth with $934.9 million in trading volume,

According to market analyst EGRAG CRYPTO, XRP is trading near $1.59 this weekend and approaching the $1.65 resistance level, a key battleground that could signal a stronger shift in market structure if reclaimed and held as support. CoinCodex data confirms XRP's proximity to the level. Large holders have accumulated approximately 190 million XRP in a single day, while rising activity on the XRP Ledger points to renewed market interest. Market commentator ChartNerd has noted similarities between

Optimism governance approved the reallocation of 546.9 million OP tokens from user airdrop reserves into a Strategic Ecosystem Fund managed by the Optimism Foundation. The tokens are valued at approximately $49 million according to validated governance records. The proposal shifts capital toward strategic partnerships and ecosystem incentives rather than broad future airdrops.

According to New York Times on August 21, AI company Anthropic is pursuing an initial public offering with a target valuation up to $2 trillion and plans to raise over $100 billion through underwriters' discussions with potential investors. If successful, Anthropic would surpass SpaceX's record—which listed at $1.77 trillion valuation and raised $85.7 billion in June—as the largest IPO by both valuation and capital raised. The company's valuation has nearly doubled in recent months from $900 bil

According to Odaily, trading revenue at three listed crypto exchanges—Coinbase, Bullish, and Gemini—fell sequentially in the second quarter, with the gap between trading and non-trading revenue narrowing across all three platforms. At Coinbase, this gap narrowed from approximately $132 million to $44 million over the past year. In response, Coinbase expanded its stablecoins and prediction market offerings, with average USDC holdings growing 44% year-on-year to $20 billion in Q3. Gemini tripled i

Robinhood Chain announced that the total value locked (TVL) in protocols on the network has surpassed $1 billion, according to an official statement.

According to Al Jazeera, air raid sirens sounded in Kyiv today as the Ukrainian government warned of a possible missile strike.

According to Orient Greenland's recent institutional briefing, the company strategically accumulated bitumen reserves at multiple price levels during the first half of 2026, effectively reducing its overall inventory costs amid rising commodity prices. Combined with coordinated product price increases across the industry, the company offset cost pressures from surging raw materials, lifting its engineering channel gross margin by 2.81 percentage points year-over-year.

According to Coinglass data cited by ChainCatcher, over 283,000 traders were liquidated in the past 24 hours with $1.675 billion in cumulative losses across global derivatives markets. Long positions accounted for $858 million in liquidations while short positions saw $816 million. The largest single liquidation occurred on Hyperliquid's BTC-USD market, totaling $24.96 million.

According to on-chain analysis platform Lookonchain, a whale address (bc1qsy) dumped 2,700 BTC worth approximately $211.8 million in a recent transaction. Over the past 3 days, the same address has sold a combined 7,700 BTC, totaling approximately $576.6 million.

According to BlockBeats, citing Coinglass data, global cryptocurrency markets saw $1.675 billion in liquidations over the past 24 hours on August 22, with 283,359 traders liquidated. Long positions accounted for $858 million of the total, while short positions represented $816 million. The largest single liquidation occurred on Hyperliquid's BTC-USD market, valued at $24.96 million.

According to BlockBeats, on August 22, Bitmine's unrealized loss on its Ethereum holdings narrowed to $5.408 billion. The company holds 5,815,164 ETH with an average cost of $3,366 per coin. At the current price of $2,436 per ETH, the loss has contracted from a previous peak exceeding $10 billion.

According to Ukrainian military, Ukrainian forces struck the Novokuybyshevsk oil refinery last night on August 21. The facility is a key petroleum processing site in Russia's Samara region.

According to Offchain Labs materials, the company is developing zero-knowledge proof integration into Arbitrum's BoLD settlement protocol to reduce withdrawal times from seven days to a few hours. The system would combine ZK fast confirmations with Arbitrum's existing optimistic fraud proofs, preserving the network's security model while adding a faster settlement layer. The upgrade is not yet live on mainnet and requires DAO governance approval before deployment.

According to ChainCatcher, BitMEX co-founder Arthur Hayes clarified that Flop Labs has not issued any tokens, with no pre-sale or memecoin currently in circulation. There is no $FLOP token at present. Hayes stated that token distribution will begin in the coming months, with official announcements to follow at that time.

According to Bloomberg, as of March 2026, the performance gap between U.S. and Chinese AI models has narrowed to 2.7%, with competition shifting from raw capability to cost efficiency. China's Kimi K3 model scored 60 points on Artificial Analysis benchmarks, approaching Anthropic's Claude Fable 5 at 62 points. More significantly, Kimi K3 costs approximately 0.84 USD per intelligent task versus Fable 5's 2.75 USD, representing a 69% cost advantage. Similarly, Zhipu's GLM-5.3 achieved the same 60-

According to BlockBeats, on August 22, the U.S. Department of Treasury expanded its long-duration debt buyback program, causing the 30-year Treasury yield to decline from a 19-year high of 5.34% to approximately 5.19%. Bitcoin surged about 25% within days, briefly breaking through $79,000, with approximately $4 billion in cryptocurrency short positions liquidated during the rally. The Treasury previously announced increasing the maximum maturity bond buyback operation size from $2 billion to $4

According to CNBC, Bridgewater Associates founder Ray Dalio warned yesterday (August 21) that the U.S. faces a potential debt crisis within 1-5 years if current fiscal and monetary policies continue. Dalio estimated the U.S. government's annual revenue at approximately $5.5 trillion against spending of $7.5 trillion, creating a $2 trillion annual deficit. He noted that net annual interest costs alone reach about $1 trillion, with roughly $10 trillion in debt requiring refinancing. To mitigate ri