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
05:56

Asian Diesel Exports to Africa Surge to 2-Year High in August, Replacing Middle Eastern Supply

According to Kpler and other shipping data sources, Asia's diesel exports to Africa in August surged to 1.8–2 million tonnes, marking the highest level in at least 4.5 years, as Middle Eastern supply declined sharply due to persistent shipping risks in the Strait of Mandeb and Hormuz. Middle Eastern diesel exports to Africa fell to 0.6–0.8 million tonnes in August, the lowest in nearly 9 years. Last year, approximately 50 percent of Africa's diesel imports came from the Middle East, with 40 perc
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05:55

Polymarket Trader Doubles Down $3,182 on WTI Crude Reaching $100 by Aug 31; Holds 50x Short on S&P 500

According to TradingBeats, Polymarket trader tetrose added roughly $3,182 to positions betting on WTI crude touching $90, $95, and $100 by month-end during an overnight oil surge on Aug 31 (3:35–4:07 UTC). The trader completed six consecutive buy orders as implied probabilities for the $100 target stood at 0.70% at purchase, now at 0.5%. Combined positions across the three price targets carry an acquisition cost of approximately $38,900, currently valued at $8,291, representing an unrealized los
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05:52

Bitcoin ETFs See First Outflows in Two Weeks on August 28 as Analyst Signals Bear Market's End

According to CryptoQuant CEO Ki Young Ju, Bitcoin's 2026 bear market has ended after the company's market-cycle indicator turned positive for the first time since October. Bitcoin has surged over 23% in two weeks, trading at $77,831 as of August 31, though it remains below the $80,000 mark. Meanwhile, US Bitcoin spot ETFs recorded their first outflows in nearly two weeks on August 28, with $201.9 million flowing out. Ark's ARKB led the decline with $114.9 million in outflows, followed by Bitwise
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BTC-0.19%
ARK-3.11%
ETH-0.85%
05:51

Ripple Schedules XRP Ledger Post-Quantum Testing for H2 2026, Full Transition by 2028

According to Ripple's roadmap published April 20 by senior director of engineering Ayo Akinyele, the XRP Ledger will run candidate post-quantum signature schemes alongside existing elliptic-curve signatures on Devnet in the second half of 2026, with a network-wide amendment and full transition to post-quantum cryptography targeted no later than 2028. Ripple is partnering with Project Eleven to build a hybrid signing prototype, validator-level testing, and a quantum-safe custody wallet. The compa
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XRP-2.12%
05:51

Korea Exchange Exempts ETF/ETN from After-Market Trading, Eases Block Trade Minimum from 500 to 1 Share

According to Yonhapinfomacs, South Korea's exchange announced today (August 31) that exchange-traded funds (ETFs) and exchange-traded notes (ETNs) will be excluded from its new after-market session, which operates from 4 p.m. to 8 p.m. The exchange adjusted this to manage investor protection and prevent liquidity-driven price swings given ETF/ETN price tracking requirements. However, block trade minimums for ETF/ETN transactions after market close were significantly reduced from 500 shares to 1
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05:49

China's Deputy Labor Minister Attends ASEAN-Plus Three Meeting in Thailand, Visits Uzbekistan on August 26-29

According to Jin10, Wu Xiuzhang, vice minister of China's Ministry of Human Resources and Social Security, attended the 14th ASEAN Plus Three Labor Ministers Meeting in Thailand on August 26-27, where he presented China's new-era skills development philosophy and achievements. On August 28-29, Wu visited Uzbekistan and met with Orajorov, director of the Uzbek State Social Security Fund, to discuss cooperation in social security between the two countries.
05:49

Hyperliquid's Third-Largest ETH Long Adds 5,088 ETH Overnight on August 31

According to BlockBeats and TradingBeats data, a major Hyperliquid ETH trader added a total of 5,088.97 ETH to its long position overnight on August 31. The addition averaged $2,449.18 per ETH, representing approximately $12.46 million in notional value. As of publication, the whale holds 30,282.40 ETH in long positions valued at approximately $73.14 million, ranking as Hyperliquid's third-largest ETH long. The address maintains an average entry price of $2,134.45 per ETH with current unrealized
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05:47

Crypto Projects Spent $638 Million on Token Buybacks This Year, Hyperliquid and Pump.fun Account for 90%

According to Financial Times, on August 31, crypto projects spent $638 million to repurchase their own tokens year-to-date, compared to $545 million in the same period last year, according to blockchain data firm Allium Labs. Hyperliquid and pump.fun accounted for nearly 90% of total buyback spending. The surge reflects project efforts to support token prices amid prolonged market weakness.
HYPE-2.44%
PUMP-13.00%
05:46

Salesforce Jumps 22.6% on Strong Q2 Earnings, Software Stocks Rally Last Week

According to Salesforce's second-quarter earnings reported last Thursday, the software giant's stock surged 22.6% after beating Wall Street expectations on revenue and profit. The company raised its full-year guidance and reported contracted remaining performance obligations (cRPO) up 14% year-over-year, with net new annual contract value reaching a four-year high. CEO Marc Benioff noted that contrary to market concerns about reduced subscriptions, Agentforce, sales, service, and Slack offerings
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05:44

South Korea Approves Hanwha Aerospace's 15.89% Stake in KAI, Rules Out Control

According to South Korea's Fair Trade Commission, on August 31, the regulator approved Hanwha Aerospace's acquisition of a 15.89% stake in Korea Aerospace Industries (KAI). The commission concluded that the current shareholding does not constitute sufficient control over KAI's management. However, the regulator warned that if Hanwha acquires additional shares to become the largest shareholder, appoints over one-third of KAI's executives, or installs its CEO, it must file a new merger notificatio
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05:44

KBI Group Withdraws Stock Acquisition Application for Sangsangin Savings Bank Worth 1,107 Billion Won

According to Yonhapinfomax, on August 31, KBI Group withdrew its stock acquisition approval application filed with South Korean financial authorities for Sangsangin Savings Bank. The move comes on the final day of the scheduled closing deadline. KBI subsidiary KBI Kukin Industries had signed a share purchase agreement in October last year to acquire a 90.01% stake in Sangsangin Savings Bank for 1,107 billion won, with an initial closing target of March 2026, later extended to August 31, 2026. Th
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05:43

Fed Chief Warsh Signals Rate Hike, But Bond Traders Question Sept. 60% Odds Amid Communication Concerns

Federal Reserve Chair Kevin Warsh recently reaffirmed the central bank's commitment to fighting inflation at a global central bankers' conference, prompting swap traders to price in a 60% probability of a rate hike by mid-September. However, investors from ABN AMRO, Brandywine, and other major institutions have expressed skepticism about these hawkish expectations. Since taking office in May, Warsh's communication style—marked by limited forward guidance—has created uncertainty. ABN AMRO's Chief
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05:43

China's Energy and Coal Futures Surge, Methanol and Ethylene Glycol Hit Daily Limits Today

According to Jin10, today (August 31) China's energy and coal futures surged across the board, with downstream chemical products rallying sharply. Liquefied petroleum gas rose over 8%, crude oil gained more than 7%, coking coal climbed over 6%, while methanol, propylene, polyvinyl chloride, and ethylene glycol surged to daily limits. Data from CCF and Longzhong Information showed that ethylene glycol port inventory in East China dropped 83,000 tons week-over-week, while methanol enterprise inven
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05:42

Michael Saylor Signals MicroStrategy May Resume Bitcoin Buying After Weeks of Pause

Michael Saylor posted on X over the weekend indicating MicroStrategy (Strategy) may resume Bitcoin purchases after weeks without buying. The company has not purchased BTC since June and recently sold some holdings. Earlier this week, Strategy raised US$2.01 billion through MSTR share sales but allocated the proceeds to cash reserves and share buybacks rather than Bitcoin acquisition, leaving its holdings at 840,447 BTC.
BTC-0.19%
05:42

Polygon Fixes Critical Security Flaws in Austin and Kyoto Forks Activated on Aug. 13 and Aug. 18

According to Polygon Labs on Aug. 27, two hard forks already active on its proof-of-stake network, Austin and Kyoto, had fixed a batch of security and liveness flaws. The most severe vulnerability allowed attackers to force costly, correlated decode work across the entire validator set with a single crafted transaction. Austin activated on mainnet at block 91,949,700 on Aug. 13 and closed two denial-of-service paths in block processing: one from unbounded bridge deposits and another from an over
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ETH-0.85%
05:41

South Korea's NTS to Introduce On-Chain Tracking Tools Starting January 2027 for Personal Wallet Taxation

According to Digital Asset, South Korea's National Tax Service plans to introduce commercial on-chain tracking tools used by domestic and international law enforcement agencies, including the U.S. Internal Revenue Service, to close tax gaps from personal wallet transactions that are difficult to fully monitor. The move comes as South Korea prepares to tax digital asset transactions starting January 2027, with filing required by May 2028. For overseas exchanges, the country will use the Crypto As
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05:39

One-Fifth of Argentina's Population Uses Crypto, With 94% of Trades Flowing to Stablecoins

According to a16z crypto analysis, one-fifth of Argentina's population uses cryptocurrency, making it among the highest adoption rates in Latin America, as reported on August 31. U.S. dollar stablecoins, initially adopted as an emergency response to currency controls and hyperinflation, have become a lasting habit even as economic pressures eased. Notably, 94% of Argentine peso crypto trades flow to stablecoins, the highest ratio among major currencies tracked by Artemis. Despite inflation dropp
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05:39

Zcash Releases Zakura Common Toolkit, Reduces Privacy Transaction Time from 3 Seconds to Under 200 Milliseconds

According to ChainCatcher, Zcash developers released open-source cryptographic toolkit Zakura Common today, reducing privacy transaction construction time from over 3 seconds to under 200 milliseconds. The toolkit improves mobile transaction creation speed by over 14 times, desktop by 5 times, hash calculation speed by 21 times, and node verification of privacy transactions by 4 to 8 times. Zakura Common requires no network upgrade and can be directly adopted by wallet developers. ZEC rose appro
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05:37

Global Big Tech Companies Hide $3 Trillion in Off-Balance-Sheet Liabilities, Report Shows

According to analysis by major financial institutions citing S&P and Moody's, global big tech companies have accumulated $3 trillion in off-balance-sheet liabilities, roughly five times their official debt of $604 billion. The hidden obligations comprise $1.2 trillion in uncommenced operating leases for data centers and $1.9 trillion in confirmed hardware purchase commitments from chipmakers including Nvidia, SK Hynix, and Samsung Electronics. Wall Street analysts project these liabilities will
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