Gate Crypto Flash News and Market Updates

According to The Block, on Thursday (August 27), Solana network seven-day average transaction fees in SOL hit a record high of 9,200 SOL, up over 80% from three months prior. Non-voting transactions averaged 191 million daily, also setting an all-time high versus 88 million in the year-ago period. The SGP-0002 "Double Deflation" proposal passed with 67% voter support and 60.7% turnout—a record for Solana governance participation. The measure doubles the annual inflation reduction rate from 15% t

According to GMGN, Artificial Inu (AI), a stock meme token on the Robinhood chain, reached a market cap of $150 million on September 1, marking an all-time high. The token surged 60% in 24 hours with trading volume of $19.7 million. AI combines Shiba Inu and AI narratives with tokenized NVDA exposure through a pairing mechanism.

According to Korea Investment & Securities analysts on August 1, neoclod companies reported significant GPU rental fee increases in Q2 results. CoreWeave implemented a 25% price increase across all products in July, while Nebius saw capacity auction prices 15% higher than previous highs. IREN's three-year contract rates jumped 125% versus November 2025, with five-year rates up 70%. Consequentially, data center investment payback periods have compressed from the traditional 4-5 years to under 2 y

According to South Korea's presidential office, on August 31, Seoul reaffirmed it is reviewing options for substantial and military contributions to ensure freedom of navigation in the Hormuz Strait, in response to U.S. President Donald Trump's recent remarks. Trump claimed during a Fox News interview on August 30 that South Korea had rejected American requests for assistance related to Iran. The presidential office stated it has been in continuous discussions with the United States and the inte

According to Yonhapinfomax on August 31, South Korea's second-phase People Growth Fund (PPF) has postponed the selection of asset managers and investor recruitment due to deteriorating market conditions. The Korea Exchange's KOSDAQ index has fallen to the 800s, down approximately 25% from the 1,105.97 level when the first-phase fund launched in May. The first-phase fund sold out in five trading days after 87% of its initial 600 billion won allocation was claimed on day one. Market uncertainty is

According to BIT (bit.com), cryptocurrency-linked stocks rallied on September 1 at the close, with Circle (CRCL) leading gains at up 9.67%. Coinbase (COIN) rose 5.31%, BitMine (BMNR) gained 6.55%, and MicroStrategy (MSTR) climbed 4.42%.

According to the Wall Street Journal, 1789 Capital, a firm where Donald Trump Jr. is a partner, plans to invest approximately $300 million in Polymarket on September 1 as part of a roughly $1 billion funding round led by 1789 Capital. If completed, Polymarket's valuation will reach approximately $21 billion. 1789 Capital has previously invested about $200 million in the prediction market platform and would become one of its largest investors.

According to the China Meteorological Administration, Typhoon Skiraka revived and re-strengthened to tropical storm level early on August 1 after its remnant vortex developed into a tropical depression in the northwestern South China Sea. The administration issued a typhoon blue alert on August 1 at 6 a.m. and maintained the original typhoon name and number. From August 1 at 8 a.m. to August 2 at 8 a.m., the affected areas including the South China Sea, northeastern Beibu Gulf, Qiongzhou Strait,

According to Melick, global commodities strategist at TD Securities, traders reduced their net crude oil positions this week amid ongoing uncertainty surrounding the next phase of the Iran conflict. The strategist noted that no signs indicate normal passage through the Strait of Hormuz will resume in the short term.

According to Yonhapinfomax, the USD/KRW exchange rate fell to 1,368.00 won on Sept 1, down 0.60 won from the previous Seoul market close and 11.90 won lower than August 29, marking the lowest level in 13 months. The decline was driven by month-end selling pressure and a pullback in U.S. dollar strength after Federal Reserve Chair Kevin Wash's hawkish remarks lost market momentum. The weakening of the dollar was partly offset by rising international crude oil prices amid renewed U.S.-Iran militar

According to Jin10, Japan's 10-year government bond auction scheduled for Tuesday faces demand pressure as yields approach the 3% milestone, with rates hitting 2.95% on Monday—the highest level in 30 years. The Bank of Japan is set to announce its policy decision on September 18, with Deputy Governor Yoshimi Hino signaling last week that a rate hike remains possible this month. Market participants are adopting cautious stances ahead of the decision, though some investors view 10-year yields at 3

According to Twitter, NEAR co-founder ilblackdragon recently discussed the concept of sovereign AI, emphasizing that artificial intelligence should fundamentally belong to its users. This perspective aligns with NEAR's commitment to decentralization and user empowerment, highlighting how AI technologies could be integrated within blockchain ecosystems to prioritize user control and ownership.

According to ChainCatcher, bitcoin miner Cango Inc. (NYSE: CANG) reported Q2 2026 financial results on August 31, with total revenue of $50.8 million and net loss of $81.6 million, primarily driven by non-cash impairment and disposal losses on mining equipment. Bitcoin mining revenue reached $47.4 million, and the company extracted 656 bitcoin during the quarter. Cango holds 1,056 bitcoin as digital asset reserves and maintains long-term debt of $31.2 million. The company operates 27.58 EH/s of

According to Korean Economic Daily, Fed Chair Kevin Powell's first Jackson Hole speech on August 28 triggered apparent hawkish signals, with marketplace interpreting his remarks as supporting a potential September rate hike. However, the broader speech message may indicate AI-supportive rather than purely hawkish policy intent. Market reaction was immediate: the 10-year U.S. Treasury yield surged to 4.76%, marking its highest level since January 2025, while stocks, gold, and Bitcoin all plummete

According to BlockBeats, citing BIT (bit.com) data, U.S. storage stocks climbed on Monday, September 1, with Galaxy Digital (GLXY) up 5.99% and Sandisk (SNDK) up 5.5%. Micron Technology (MU) gained 2.77% and SK Hynix (SKHY) rose 2.20%, while the broader market declined: the Dow fell 0.7%, S&P 500 dropped 0.33%, and Nasdaq slipped 0.12%.

According to Korea Venture Capital Association and industry sources, major South Korean securities firms announced plans today to invest 1 trillion won (approximately $760 million USD) in venture capital secondary funds over the next three years. The initiative, led by firms including Korea Investment & Securities, Mirae Asset Securities, NH Investment & Securities, Samsung Securities, KB Securities, and Hana Financial Investment, aims to address the nation's venture exit ecosystem's overrelianc

According to Yonhap Infomax, U.S. President Trump declared a national emergency for the power grid on August 26 (local time), empowering the Department of Energy to restrict imports of foreign electrical equipment and establish barriers against Chinese high-voltage products. Concurrently, the U.S. government is advancing regulatory reforms to address AI data center power demand, including streamlined permitting and interconnection standards. Gaon Electric, an LS Group subsidiary and cable manufa

According to Jim Cramer on CNBC, major S&P 500 stocks rebounded sharply in August after months of decline driven by concerns over artificial intelligence disruption and slowing growth. Moderna led the index with a 156% gain following promising results for its experimental melanoma vaccine developed with Merck. Enterprise software stocks including Palantir, Salesforce, ServiceNow, and Veeva also staged major comebacks as a highly leveraged hedge fund, Situational Awareness, was forced to unwind l

According to ChainCatcher, today at 06:18 UTC, a vulnerability in Ankr's ankrFLOW liquid staking contract was exploited. Attackers minted approximately 8.6 million unsecured ankrFLOW tokens, then used them as collateral on the MORE Markets lending protocol to drain about 15.5 million WFLOW reserves worth approximately $410,000, profiting roughly $246,000 after slippage. The vulnerability is specific to Ankr's contract and does not affect Flow's EVM, protocol, or tokenomics. Ankr and MORE Markets

According to Asia Economy, Bitcoin surged to $77,517 on August 31 as U.S. fiscal pressures fueled debasement trades and forced short liquidations. The rally was amplified by leveraged positioning in futures markets, where accumulated short positions triggered a squeeze as prices bounced faster than expected. Policy support also contributed, with President Trump reaffirming backing for the Clarity Act amid ongoing stimulus discussions.