Gate Crypto Flash News and Market Updates

According to BlockBeats, South Korea's KOSPI index rose over 2% intraday on August 26, with Samsung Electronics gaining 2.63% and SK Hynix rising 3.04%, according to Bitget market data.

According to Jang Dong-hyeok, chairman of South Korea's ruling Democratic Party (People Power Party), on August 26, the party announced it will discuss virtual asset taxation policy at an internal meeting on August 27 before revealing its position to the public. The government plans to implement income tax on digital assets starting January 1, 2027. The ruling party has called for the policy's abolition or postponement, contrasting with the Democratic Party's approach.

According to Lookonchain monitoring, mysterious whale 0x6436 withdrew 798,000 HYPE ($6.5 million) from exchanges after two months of inactivity. The wallet has cumulatively withdrawn 1.36 million HYPE ($95.6 million) from exchanges at an average price of $70.

According to Lookonchain, on August 26, whale 0x6436 withdrew 798,000 HYPE ($6.5M) from exchanges after two months of inactivity. The wallet has cumulatively withdrawn 13.6 million HYPE ($95.6M) from exchanges at an average price of $70 per token.

According to Business Insider and The Wall Street Journal, at least 14 OpenAI executives and key staff members have left their positions this year, with departures spanning from April through August 2026. The departures span commercial, product, safety, ethics, research, and infrastructure roles. Notable exits include Chief Revenue Officer Denise Dresser (August), former COO Brad Lightcap (now in entrepreneurship), Sora lead Bill Peebles (April), and ethics lead Chloé Bakalar (less than one year

Grayscale launched Zcash ETF (ticker: ZCSH) on NYSE Arca on Tuesday, converted from its existing Grayscale Zcash Trust. The product charges a 2.5% management fee, with all fee-derived revenue flowing back to the Zcash ecosystem to support network development. As of Monday, Grayscale Zcash Trust held assets under management exceeding $313.5 million. Over the past week, ZEC gained approximately 45% according to The Block market data.

According to Yonhapinfomax, South Korea's central bank reported a reserve deficit of 2.28 trillion won on August 26, with reserve increases of 11.1 trillion won offset by decreases of 22 trillion won. The overnight call rate stood at 2.771%, with transaction volume reaching 17.16 trillion won. Cumulative reserve surplus totaled 33.68 trillion won, signaling ample liquidity in the interbank market despite the daily shortfall.

According to SK Innovation's merger briefing on August 26, the company aims to achieve annual cost savings of approximately 60 billion won and EBITDA profitability within two years through its merger with SK IE Technology. The expansion of energy storage system (ESS) separator production is positioned as a key driver for achieving profitability targets. New share issuance from the merger is limited to 2.6% of outstanding shares, resulting in minimal dilution effects. SK Innovation expects improv

According to the Taiwan Affairs Office of the State Council on August 26, spokesperson Zhang Han called on the Democratic Progressive Party authorities to support the early completion and opening of the Xiamen-Kinmen Bridge. Zhang Han stated that constructing the bridge responds to the common aspirations of residents in both Xiamen and Kinmen, and that its opening would facilitate travel between the two regions and boost Kinmen's economic development and living standards. The official emphasized

According to the U.S. Treasury Department, OFAC on Aug. 24 designated Iran's digital asset sector as an economy sector subject to secondary sanctions under Executive Order 13902, marking the first sectoral determination of its kind. This allows OFAC to sanction any foreign person globally that operates in or provides support to Iran's digital assets sector. The designation includes 60 entities, individuals, and vessels connected to Iranian nuclear, missile, cyber, and oil networks. Ukrainian nat

According to Lookonchain, whale address 0x3527 liquidated its entire holding of 301,937 HYPE tokens today (August 26), generating proceeds of approximately $24.4 million and a profit of over $5.3 million. The whale had accumulated the tokens between May and July at an average purchase price of $63 per token.

According to Cryptonomist, NUVA platform, supported by Animoca Brands and Nuva Labs, adopted Chainlink as its exclusive data infrastructure in May 2026 to provide tamper-proof valuations for tokenized housing assets worth approximately $19 billion. Built on Provenance Blockchain, NUVA operates as a cross-chain vault marketplace offering institutional-grade real estate credit exposure to retail users. The platform's offerings include nvYLDS, a yield-bearing vault token tied to short-term U.S. Tre

According to the Ministry of Industry and Information Technology announced at a State Council press conference, China will cultivate and build 500 zero-carbon factories during the 14th Five-Year Plan period (2026-2030), with a focus on creating replicable and scalable construction models.

According to reports from daily economic news, on August 26, Tesla China denied unverified claims that its Shanghai data center dedicated to FSD Supervised rollout had been abandoned with all staff departed. A Tesla insider responded: "This is not true."

According to Jin10, China's domestic gold jewelry prices fell about 10 yuan per gram today (Aug. 26), with multiple brands trading near 1,400 yuan per gram, down from the previous day.

According to PANews, the first revenue from Hyperliquid's AQAv2 mechanism is expected to enter the Hyperliquid aid fund on October 3, with the initial funding size estimated at approximately $20 million, to be used for repurchasing HYPE tokens.

According to Korean Exchange data, insurance stocks surged 10.45% from August 1-25, while securities stocks declined 3.44% over the same period. The divergence reflects contrasting impacts of rising global interest rates. The benchmark U.S. 10-year Treasury yield climbed to 4.7%, driven by geopolitical tensions and inflation concerns, with South Korea's 10-year government bond yield exceeding 4.3%. Insurance companies benefit as bond portfolios generate higher yields; securities firms face headw

According to reports from Iran and Russian media, Iran and Oman reached an understanding on interim shipping lanes in the Strait of Hormuz overnight (August 26). Russian media also reported that the U.S. and Iran have achieved consensus on ceasefire agreement terms, with provisions for freedom of navigation in the strait. International crude oil prices fell 5% overnight amid the developments, reflecting market response to reduced geopolitical tensions in a critical energy chokepoint.

According to PLA Southern Theater Command spokesman Rear Admiral Zhai Shibing on August 26, the Southern Theater organized air and naval forces for routine patrols in the South China Sea from August 21 to 25. In its statement, the command expressed opposition to what it characterized as the Philippines' coordination with external powers to organize joint patrols that it said disrupt regional peace and stability, reiterating its commitment to safeguarding China's territorial sovereignty and marit

As of August 26 morning, gold bar prices across major Chinese banks and brands showed mixed movements. Chinese Gold led gains with a rise of 9.5 yuan per gram, while Industrial and Commercial Bank of China and Minsheng Bank also posted increases. A-Yi Gold Shops recorded the largest decline at 12 yuan per gram, followed by drops at Lao Fengxiang and Xie Ruixin outlets compared to the previous day.