Gate Crypto Flash News and Market Updates

According to Al Jazeera, Oman's Foreign Minister Busaidi and Japan's Foreign Minister Mogi met in Muscat on August 21 to emphasize international efforts to ensure freedom of navigation through the Strait of Hormuz in compliance with international law. Busaidi stressed that safe passage through the strait is inseparable from regional security and prosperity. Mogi pledged to strengthen coordination with Muscat to maintain freedom and safety of navigation through both the Strait of Hormuz and the S

According to CFTC Chair Michael S. Selig speaking Thursday at the agency's Innovation Advisory Committee meeting, the regulator has directed staff to begin developing crypto market structure rules using existing authority. If the Clarity Act remains stalled in Congress, Selig said the CFTC will independently establish a regulatory framework covering crypto exchanges, leveraged trading, and on-chain finance protocols. Selig cited preventing future regulatory shifts as a key motivation, noting tha

According to Coinglass data cited by ChainCatcher, ETH global open interest grew 8.12% over the past 24 hours, reaching $30.521 billion. Binance accounts for $8.166 billion, Gate for $2.566 billion, Bybit for $2.041 billion, and OKX for $1.601 billion of the total open interest.

Bitcoin surged to a session high of $72,850 on Thursday, according to Coinglass data, wiping out $650 million in short positions as pro-crypto Treasury policy shifts and White House meetings sparked bullish momentum. The surge lifted Bitcoin's 24-hour gain to 5.6% and boosted its market capitalization to $1.45 trillion. Since Monday (August 17), when Bitcoin traded around $63,500, the cryptocurrency has gained approximately $9,000 in value—a 14% increase over four days. Across the broader market

According to TheStreet, on Aug. 20, Bitcoin surpassed $72,000 for the first time since June 1, trading up nearly 10% over 24 hours. Popular analyst Crypto Patel predicted 1,000% upside for Bitcoin from a $40,000-$50,000 range, implying a potential rally to $440,000-$550,000. Patel based the forecast on a repeating cycle pattern: Bitcoin experienced an 84% decline after its 2017 peak before reaching new records, followed by a 77% drop after its 2021 high of $69,000 before recovering to an October

NYMEX September energy futures closed with varied performance on August 20. WTI crude futures settled at $87.83 per barrel, while September natural gas futures closed at $2.7330 per million BTU. September gasoline futures finished at $3.2629 per gallon, and September heating oil futures ended at $4.4803 per gallon.

According to the EPA, the Trump administration authorized the early sale of winter gasoline on August 21, allowing the market to use higher-emission winter fuel formulas before the standard September mid-month transition. The exemption permits gasoline with 10% ethanol blending to be sold starting September 1. The EPA said the measure will increase domestic gasoline supply by hundreds of thousands of barrels daily, aimed at easing price pressures amid supply concerns.

According to the Shanghai Gold Exchange, gold (T+D) closed 1.02% higher at 976.38 yuan per gram on Thursday evening, August 20. Silver (T+D) gained 2.28% to close at 16,535 yuan per kilogram.

According to Jin10, Shanghai gold futures closed up 1.03% at 980 yuan per gram, Shanghai silver futures rose 2.97% to 16,589 yuan per kilogram, and SC crude oil futures gained 1.11% to 591 yuan per barrel at the 2:30 AM close on August 21.

Shanghai Futures Exchange crude oil futures contract 2610 closed up 1.11% overnight on August 20, settling at 591.40 yuan per barrel. Shanghai Gold rose 1.03% and Shanghai Silver gained 2.97% during the same session.

According to The Information, Nvidia plans to ship an AI inference chip to Chinese customers by the end of 2026, leveraging technology licensed from Groq. The customized Language Processing Unit (LPU) variant will work alongside Nvidia's GPUs to accelerate AI chatbot response times, and multiple Chinese clients have already placed orders, according to two Nvidia employees cited by the publication. The chip complies with current U.S. export control regulations, enabling Nvidia to supply the Chine

According to BitcoinTreasuries.NET, Strive's SATA raised sufficient funds to purchase 200 Bitcoin today (August 20). The post noted this marks the first day of recovery to par value.

According to Jin10, Iran's Foreign Ministry on August 20 condemned new U.S. economic and trade sanctions, stating the country will use "all tools and capabilities" to protect national interests and the legitimate rights of Iranians. The ministry statement characterized the sanctions as violations of Iran's citizens' fundamental human rights and breaches of international law principles.

A 6.7-magnitude earthquake struck Peru's central-southern region on August 20 at 18:00 UTC (2:00 UTC August 21), according to the U.S. Geological Survey. The epicenter was located at latitude 14.63°S, longitude 73.62°W, with a depth of 66.7 kilometers.

U.S. Secretary of State Marco Rubio announced sanctions against the leadership of the Cuban Institute for Friendship with the Peoples (ICAP) today (August 20). The organization's members include Fernando González Llort, a convicted Cuban spy.

According to a CNBC interview on August 20, US Treasury Secretary Scott Bessent announced plans to unveil sanctions against Iran on August 24. Bessent stated the measures would involve coordinated economic pressure with allied nations and described the effort as "the greatest coordinated economic isolation" in history. He indicated that maximum economic pressure on Iran could reduce the likelihood of large-scale military escalation, and signaled that countries engaged in trade with Iran, includi

According to Jin10, Russian Foreign Ministry spokeswoman Maria Zakharova called on Japan to fully recognize the results of World War II and cease glorifying its aggressive history, on August 20, marking the 81st anniversary of Japan's unconditional surrender. Zakharova stated that Japan has failed to publicly acknowledge its military aggression in the Asia-Pacific region, has not offered sincere apologies to affected neighboring peoples, and continues to pursue "remilitarization" policies despit

According to China Earthquake Networks Center, a 6.5-magnitude earthquake struck near Peru at 2:00 AM on August 21 (14.68°S, 73.62°W). The final magnitude will be confirmed in the official rapid report.

According to CEO Kuba Fast, Revolut has applied to establish a banking branch in Finland to serve its approximately 250,000 Finnish customers. The branch would provide local account details and banking functions tailored to Finland's domestic payment system, enabling customers to receive salaries and manage local bills through the platform. The application marks part of Revolut's broader European expansion, following its recent approval for a full banking licence in France.

According to Decreypt, Coinbase integrated HyperLiquid's perpetual futures trading into its Base app, allowing eligible users to access over 290 perpetual futures markets with leverage reaching up to 50x depending on the asset. The integration enables leveraged perpetual trading directly within the Base app using HyperLiquid's on-chain infrastructure for order execution and liquidity. However, the service will be unavailable in the US, UK, Canada, and certain other regions where leveraged crypto