Gate Crypto Flash News and Market Updates

According to MoneyDJ, on Aug 28, the Shanghai Composite Index closed at 3,952.18 points, down 0.11%, with four consecutive daily gains; the Shenzhen Component Index fell 0.68%, and the ChiNext Index dropped 1.41%. Growth and technology stocks faced selling pressure as market sentiment turned cautious. On a weekly basis, the Shanghai Composite rose 1.20% with a green weekly candle, while the Shenzhen Component fell 1.00% with a second consecutive red weekly candle. The Hang Seng Index closed at 2

According to Morgan Stanley strategists Laura Wang, Chloe Liu, and Vicky Wu, the firm is shifting its investment focus to Chinese A-shares after taking profits on Hong Kong stocks. The strategists cited three key drivers: stabilizing global markets, renewed momentum in the AI supercycle, and digestion of liquidity pressures from major IPOs including chip maker Changxin Memory and humanoid roboticist manufacturer Unitree. While Morgan Stanley remains bullish on Hong Kong stocks, the analysts note

According to a BusinessWire announcement Thursday, BitGo completed its acquisition of NYDIG's institutional trading business, including the company's derivatives, financing, and structured products capabilities along with approximately 30 employees. The transaction adds institutional client relationships and expands BitGo's services to asset managers, hedge funds, and corporate clients. Financial terms were not disclosed. The sale enables NYDIG to focus on power generation, Bitcoin mining, and h

Marvell Technology's shares fell 8.2% in early premarket trading on August 28 after the chipmaker failed to provide a meaningful increase to its long-term revenue outlook in its second-quarter earnings report, despite signing a major AI chip deal with Google. The decline marks the stock's worst single-day drop in over a month. Despite the sell-off, analysts remain optimistic on the company's long-term prospects. Morningstar raised its price target to $300 from $270, citing Marvell's expanding cu

Coinbase announced that it has postponed the planned listing of Dolphin (POD) spot trading pairs originally scheduled for this week. The exchange stated that POD remains on its listing roadmap and will share updates regarding the new trading date at a later time. No specific launch date has been disclosed.

According to Fed Chair Kevin Walsh's prepared remarks for the Kansas City Federal Reserve's economic symposium on Friday, the central bank reaffirmed its 2% inflation target measured by the Personal Consumption Expenditures (PCE) price index as a firm and immovable goal. "There should be no misunderstanding: the Federal Reserve's 2% price stability target, as measured by the PCE price index, is a firm and immovable objective," Walsh said. Walsh confirmed that short-term interest rates remain the

The U.S. two-year Treasury yield rose to 4.286%, marking its highest level since July 31.

SC crude oil futures main contract rose more than 2% intraday on August 28, trading at 604.30 yuan per barrel.

On Aug 28, Shanghai silver futures (SHAG2610) retreated sharply intraday to 16,847 yuan per kilogram, narrowing gains to 0.10% from an intraday high of 17,388 yuan per kilogram. Trading volume exceeded 53 billion yuan with open positions increasing by approximately 1,300 contracts. Shanghai gold futures (SHAU2610) turned negative on the day, trading at 989.8 yuan per gram with over 82 billion yuan in turnover and nearly 3,500 additional open contracts.

According to BlockBeats, Federal Reserve Chair Walsh stated on August 28 that forward guidance should have a limited role in monetary policy. Market participants should focus on real economic information rather than forward-looking guidance based on outdated or inaccurate data. Walsh also noted that the labor market remains stable.

The Sandbox pledged 1:1 repayment to eligible SAND holders on Thursday following an Aug. 21 bridge exploit that drained approximately 14.744 million SAND tokens, worth roughly $700,000, from an Ethereum vault. Compensation will come from The Sandbox treasury without minting new tokens. The claims process is expected to open within two weeks and remain open for an additional two weeks. Two centralized exchanges holding more than 72% of eligible balances will distribute compensation directly to af

According to Dunamu's Friday announcement, Visa and Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, have formed a strategic partnership to explore stablecoin payments, cross-border remittances, and artificial intelligence-powered commerce. The partnership will combine Dunamu's digital asset technology with Visa's global payments network to develop payment and settlement services. The companies are considering business models involving stablecoins, including Open Standar

According to CNBC, on August 28, Affirm Holdings (AFRM) reported fiscal fourth-quarter revenue of $1.16 billion, up 33% year over year and beating the $1.11 billion consensus estimate. CEO Max Levchin said the buy-now, pay-later company has achieved more than 30% growth for 11 straight quarters with "no signs of slowing down." The company also delivered its most profitable quarter to date. Levchin noted that Affirm's long-term funding relationships and staggered maturities help cushion the compa

Spot gold broke below $4,560 per ounce intraday today, with a decline of 0.91% during the trading session.

Spot gold fell below $4,570 per ounce intraday on August 28, retreating approximately $60 from earlier highs and declining 0.89% for the day.

According to Guru Club, China's National Science and Technology Ethics Committee Medical Ethics Subcommittee issued the Ethics Guideline for AI Medical Imaging Research on August 28. The guideline provides ethical standards for algorithm development, experimental validation, and clinical translation of AI-powered medical imaging technologies. The framework addresses key concerns including privacy protection, algorithmic bias, and unclear liability boundaries in medical image analysis using CT, M

According to CCTV International News, Denmark's government launched an emergency plan on August 28 to address a surge in artificial intelligence cheating cases detected in high schools during this summer's exam season. Measures include increasing oral examinations and monitoring student computer screens during tests.

According to Guru Club, U.S. wheat futures rose over 2% on August 28, reaching 776.00 cents per bushel.

According to Lookonchain, Lazarus Group transferred 244.148 Bitcoin worth $19.42 million on Aug 28. The transfer was detected by the on-chain monitoring platform.