Gate Crypto Flash News and Market Updates

According to Xinhua News Agency, Saudi Arabia's Minister of Communications and Information Technology Abdullah Al-Sawaha said on August 30 that the Kingdom values its partnership with China and is willing to further expand cooperation with Chinese tech companies, citing China's strong momentum in technological development.

According to PeckShield, Tectonic lending protocol on Cronos Network fell victim to an oracle manipulation attack on August 30-31, resulting in approximately $75 million in losses. Attackers inflated the price of low-liquidity token TONIC by roughly 100 times within 20 minutes, then used it as collateral to borrow other assets. Before Cronos suspended the network, attackers successfully cross-chained only $6 million to Ethereum; the remaining $69 million in funds remain trapped on Cronos. Crypto

According to Japan's Ministry of Economy, Trade and Industry, July industrial production rose 0.1% month-on-month on August 31, significantly beating market expectations of a 0.6% decline. Year-on-year, industrial production increased 4.9%. Japan's retail sales for July also surpassed forecasts, rising 4% year-over-year versus the consensus estimate of 3%. Following the data release, the dollar-yen exchange rate declined 0.05% to 160.023 yen.

According to Fortune, prediction markets are pricing the odds of Iran Reconstruction Funding inclusion in a U.S.-Iran deal at approximately 11% YES, reflecting market optimism during the sixth month of the ongoing U.S.-Israel-Iran conflict. The report indicates the global economy has avoided significant disruption, which may support diplomatic negotiations involving U.S. President Trump and Iranian Foreign Minister Zarif, with mediation from Qatar and Pakistan.

On July 15, DTCC's subsidiary The Depository Trust Company successfully converted eligible US Treasuries and equities into tokenized digital assets, with BitGo Bank & Trust serving as the OCC-regulated custodian for settlement and onchain movement. Over 30 institutions participated in the pilot, including BlackRock, Goldman Sachs, and J.P. Morgan, testing repo and reverse repo workflows on the new infrastructure. BitGo is the only full-service qualified custodian integrated with the DTCC Tokeniz

According to GMGN data, PONS market cap surged to over $400 million intraday on August 31, though it has since pulled back to $311 million. The token posted a 23.54% gain over the past 24 hours.

According to Foresight News, ZODL founder and CEO Josh Swihart released in his weekly report that Zodl 3.10.1 (Android) has addressed lingering ZEC remaining in Orchard after Ironwood migration and fixed Keystone migration signature rounds. Versions 3.10.2 and 3.10.3 for both Android and iOS enhance Coinholder polling functionality, adding mirror fault tolerance, vote recovery, and Keystone signature resumption. Meanwhile, Zcash Android SDK and Swift SDK both released public version 3.0.0, while

According to SoSoValue, on August 31, the crypto market pulled back after a rally, with the Meme sector down 4.19% in the past 24 hours. Bitcoin (BTC) fell 0.44% to break below $78,000, while Ethereum (ETH) declined 1.61% to drop below $2,500. Among major layer-1 assets, Solana (SOL) was down 3.35%. Meme-related indices including ssiMeme declined 4.42%.

According to Bloomberg, John Ternus will take over as Apple Inc.'s CEO on Tuesday, facing immediate challenges including the iPhone 18 launch scheduled for Sept. 9 and upgrades to Siri AI capabilities. Ternus will rely on COO Sabih Khan, CFO Kevan Parekh, and services chief Eddy Cue as he navigates leadership changes and product roadmap execution. Apple stock gained 3.6% in August and is up 18% year to date, despite earlier weakness following underwhelming guidance.

According to CCTV News, the Dajukou Hydropower Station on the Dadu River in Sichuan's Aba prefecture began full operation today, August 31, with all three units of its first phase entering service. The world's highest dam, standing 315 meters tall with a total installed capacity of 2 million kilowatts, will deliver large volumes of clean hydroelectric power annually to alleviate regional electricity pressure while providing flood control and ecological protection benefits.

According to Shin Young Securities and others, the optical communications equipment and components market serving AI data centers is projected to surge more than 4-fold within 2 years as of August 31. The rapid growth is driven by sustained AI investment and increased data transmission demands between chips as AI semiconductor performance improves.

According to Motley Fool on August 30, Micron Technology (NAS:MU) stock is expected to surge after the company reports Q4 2026 fiscal year results on September 30, which could trigger a major rally and reach all-time highs by year-end. The semiconductor maker's stock currently trades at a P/E ratio of just 6x based on 2027 estimated earnings—an extreme undervaluation. If the P/E recovers to typical levels around 20x, the stock could triple within 12 months. Micron's strong fundamentals support t

According to South Korea's Ministry of Economy and Finance, the cumulative national tax revenue through July 2026 reached 274 trillion won, up 17.8% year-over-year. Securities transaction tax saw the steepest gain, surging 348.5% to 8.2 trillion won, reflecting increased stock market trading volumes on the Kospi. Agricultural and fisheries special tax rose 182.5% to 13.1 trillion won amid the same market activity.

According to Yonhapinfomax, South Korean government bond futures declined sharply on August 31. As of 8:58 a.m., the 3-year contract fell 13 ticks to 103.21, while the 10-year contract dropped 20 ticks to 105.55. U.S. Treasury yields surged in the wake of Federal Reserve Chair Kevin Walsh's Jackson Hole speech on August 28, signaling a hawkish stance on inflation control. The 2-year Treasury yield rose 11.40 basis points to 4.348%, while the 10-year yield climbed 4.40 basis points to 4.721%. Int

According to CNBC, on August 29, Goodyear CEO Mark Stewart announced an extension to the "Goodyear Forward" restructuring program, with a focus on achieving a 10% operating margin and generating meaningful free cash flow. The company's Q4 operating margin reached 8.5%, falling short of its target. To improve profitability, Goodyear plans to cut $1.5 billion in annual costs and close its Fayetteville, North Carolina plant, which is expected to generate $270 million in annual operating profit impr

According to Yonhapinfomax, the USD/KRW spot rate traded at +0.05 won ahead of the Seoul foreign exchange market opening on August 31. Multiple brokers reported the pre-market fixing, while NDF fixing positions remained neutral, indicating balanced market sentiment among regional participants at market open.

According to Tencent Hunyuan, its Hy4 preview model launched on WorkBuddy on August 28 and saw significant user demand on its first day, resulting in queuing in the task queue. In response, the company has initiated emergency expansion of the Hy4 preview inference cluster and will continue to dynamically allocate resources. However, due to limitations in high-end computing capacity and peak concurrent load, occasional queuing may still occur during certain periods.

According to ChainCatcher and Lookonchain data, an address acquired 5.24 million tokens for $1.9 million (790 ETH) six hours ago.

According to Korea Financial Investment Association, investor deposits fell below 100 trillion won on August 28, down from nearly 140 trillion won in early June, with over 40 trillion won evaporating in two months. Daily average trading volume on the Korea Exchange hit 246.49 trillion won in August, marking the year's lowest level, while listed stock turnover rate plunged to 9.92%, reaching single digits. The KOSPI index dropped 175.30 points (2.58%) to 6,613.58 on August 31, retreating from its

According to The Fact (더팩트), South Korea's central bank raised its benchmark rate to 3.00% on August 27, marking the first time in 1 year and 9 months since November 2024, and the second consecutive rate increase in two months. The hike comes as stock trading volumes have declined sharply—Kospi daily trading volume dropped 61.1% from June 19's peak of 67.26 trillion won to 26.16 trillion won on August 24, while Kosdaq volume fell 82.3% over the same period. Q3 average daily trading volume for bo