Gate Crypto Flash News and Market Updates

According to Bitcoin.com News, Solana validators approved Governance Proposal 0002 (SGP-0002) to double the disinflation rate from 15% to 30%, reducing the network's inflation schedule. The proposal secured 176.29 million SOL (67%) in support, against 66.19 million SOL (25.16%) opposing and 20.63 million SOL (7.84%) abstaining. Helius CEO Mert Mumtaz played a decisive role in the narrow victory, pushing Kraken to shift its vote to Yes in the final hours. "After 500 calls in the past few hours we

According to Reuters, BIS General Manager Pablo Hernández de Cos questioned stablecoins' credibility as a means of payment at scale on Friday (Aug 28). De Cos, a candidate to succeed ECB President Christine Lagarde next year, argued that tokenized bank deposits offer a stronger alternative. He said, "Tokenised deposits offer a more direct path to harness tokenisation while preserving the monetary system's foundations." A BIS-linked Financial Stability Institute study released Thursday compared s

According to HTX market data, Solana (SOL) broke below $105 to trade at $104.97, up 1.58% in the past 24 hours on August 29.

According to Thursday disclosure from Polygon Labs' Validators Support Team, Polygon has disclosed security vulnerabilities affecting its Bor and Heimdall clients that were previously fixed through the Austin and Kyoto hard forks. The flaws included denial-of-service risks, validator resource exhaustion, and checkpoint processing issues. The most severe vulnerability involved Heimdall, where specially crafted transactions could force validators into excessive processing, potentially disrupting t

According to Fundstrat's Mark Newton, NVIDIA's recent market performance and global liquidity shifts are reshaping the market landscape across asset classes. NVIDIA, currently valued at between $5.3 trillion and $5.5 trillion, traded near $217.55, while U.S. Treasury yields surpassed 5%, impacting equities and risk assets. Newton's analysis suggests the combined effect of NVIDIA's dominance as a mega-cap stock and evolving liquidity conditions could influence cross-asset financing dynamics.

According to Finance Feeds, Ondo Finance has appointed Allison Parent, a veteran of traditional financial regulation with experience at the Bank of England, Barclays and the U.S. Senate Budget Committee, as chief policy officer. Parent previously served as executive director of the Global Financial Markets Association and worked on the Dodd-Frank Act following the 2008 financial crisis. The appointment comes as Ondo expands its tokenized asset platform, which now manages approximately $3 billion

According to the Independent Community Bankers Association (ICBA), the organization representing approximately 5,000 U.S. community banks is opposing stablecoin reward provisions in the CLARITY Act. ICBA Chair and CEO Rebeca Romero Rainey stated that loopholes related to stablecoin rewards must be completely closed with no compromise allowed. The association warns that stablecoins could trigger $1.3 trillion in deposit outflows from the banking system and reduce local lending by $850 billion. Th

According to CNBC, Meta reached a $17 billion settlement this week with a bipartisan coalition of state attorneys general over allegations that the company endangered children and teens through its social media apps Facebook and Instagram. As part of the settlement, Meta agreed to impose a default two-hour daily time limit for teens, mute notifications during school hours, and enhance parental controls. The settlement reflects growing public backlash against major tech companies. More than 50% o

According to Jin10, explosions were reported in Kyiv, Ukraine's capital, on August 30, following the activation of air raid sirens in the city.

According to the National Hurricane Center, Hurricane Carina's intensity has reached near-hurricane level as of today, and it continues moving toward more favorable environmental conditions.

According to Reuters, on Friday (Aug. 28), BIS General Manager Pablo Hernández de Cos questioned stablecoins' credibility as a means of payment at scale, arguing that tokenized bank deposits offer a stronger alternative. The remarks follow a Financial Stability Institute study published Thursday comparing stablecoin regulations across the US, EU, UK, Hong Kong and Singapore, revealing substantial differences in which entities may issue stablecoins and permitted business activities. The US and Si

According to Iran's Press TV, security officials recently denied claims about large volumes of oil being transported by the United States through the southern route of the Hormuz Strait, saying such reports misrepresent the actual situation.

According to Jin10, the U.S. Treasury sanctioned Banque Misr's branch in the United Arab Emirates on August 30 as part of enhanced economic action against Iran and its international financial partners. The measure will cut off the branch's access to dollar transactions. In response, the UAE Central Bank stated it will conduct emergency inspections of the Egyptian bank's local operations and is evaluating potential special measures to ensure the financial system avoids reputational risk.

According to Jin10, Iran's Deputy Foreign Minister Ghalibaf claimed on August 30 that the Strait of Hormuz is completely shut and no vessel can transit without Iranian coordination and permission. Ghalibaf stated that Iran's armed forces have full control over all movements in the strait and dismissed U.S. assertions about ship passages as false. Iran has reached an agreement with Oman on transit arrangements, but the strait will remain closed until the United States fulfills its commitments, Gh

According to its latest earnings report released Wednesday, Salesforce posted blowout quarterly results with stock surging 20% amid strong AI performance. The company's combined artificial intelligence and data annual recurring revenue (ARR) reached $3.9 billion, more than tripling year-over-year. Salesforce Data 360 ingested 104 trillion customer records this quarter, up 355% year-over-year, while AgentForce delivered 3.2 billion units of agentic work, nearly doubling from the prior quarter. Ag

Bitcoin fell 2.5% to $77,588 on Friday following Fed Chair Kevin Warsh's hawkish Jackson Hole Economic Policy Symposium keynote. Warsh emphasized that the central bank has "work to do" and that forward guidance had "overstayed its welcome," pushing rate hike odds from 35% to the mid-50s. U.S. spot bitcoin ETFs snapped a 9-day inflow streak with $202 million in outflows the same day. Bitcoin's support now holds at $76,800–$77,000, with resistance near $79,500–$80,300.

According to Cosmos Labs' technical post-mortem published Friday, attackers exploited an integer underflow vulnerability in Cosmos EVM between Aug. 20 and Aug. 25 to steal approximately $5.7 million across six blockchain networks. The stolen tokens were exchanged for about $2.87 million in assets on decentralized exchanges and $2.85 million on centralized exchanges, with attacker accounts on centralized exchanges frozen pending investigation. Cosmos Labs disclosed that a researcher identified th

IonQ finalized its $1.8 billion acquisition of SkyWater Technology on July 31, creating a vertically integrated quantum platform that consolidates semiconductor design, fabrication, and advanced packaging. SkyWater, a pure-play semiconductor foundry, generated approximately $442 million in revenue in 2025, with quantum-related services growing 30% during that period. Under the deal terms, SkyWater shareholders received $15 in cash plus 0.4883 IonQ shares per share, totaling roughly $741 million

Since early 2025, the Trump administration has executed approximately 30 equity transactions totaling nearly $27 billion, converting federal grants and loan authorities into direct ownership stakes in private companies. The government now holds a 10% equity stake in Intel and a 15% stake in MP Materials, both tied to CHIPS Act funding and the Defense Production Act. The transactions face mounting legal and political challenges. An Intel shareholder lawsuit is challenging the legitimacy of the go

According to OKX data cited by Coinfomania, Bitcoin spot ETF inflows surged to $1.92 billion last week, marking one of the strongest weekly totals in months. BlackRock's iShares Bitcoin Trust (IBIT) accounted for a significant portion, collecting $693 million in the first week of August and another $503 million on Aug. 20 alone, its best inflow stretch since mid-April. Bitcoin's price climbed to nearly $80,000 on Aug. 27, up 22% since the U.S. Treasury announced on Aug. 19 it would double buybac