Gate Crypto Flash News and Market Updates

According to S&P Global and Moody's, Meta Platforms, Amazon, Alphabet, and Microsoft are confronting unprecedented pressure on their balance sheets as artificial intelligence buildout accelerates. The four hyperscalers are projected to spend roughly $960 billion on capital expenditures in 2027, outpacing their combined projected operating cash flow of approximately $905 billion. Only Microsoft is expected to maintain positive free cash flow next year. Meta's free cash flow plummeted 91% year-ove

According to Bitfinex, the correlation between Bitcoin and gold reached historic peaks today, signaling the start of a bull expansion phase for BTC. The exchange noted that its Delta-Thermo Market Multiple indicator reads 2.03, approaching the 2.5x threshold where the bull phase officially begins. Bitfinex highlighted that while both assets trade as debasement hedges, Bitcoin's higher volatility presents distinct opportunities as the macroeconomic backdrop shifts toward monetary concerns.

Fed Chair Kevin Walsh delivered a hawkish policy speech on August 28 at the Jackson Hole Global Central Bankers Conference, signaling the central bank remains committed to fighting inflation. Walsh stated that improved inflation readings over the summer "do not indicate a meaningful improvement" in underlying trends, and reaffirmed the Fed's 2% inflation target as measured by the Personal Consumption Expenditures (PCE) price index is "a firm, fixed objective," clarifying that the Fed will mainta

According to E Daily, SK Telecom announced on August 27 a 3.08 trillion Korean won investment from global private equity firms KKR, IMM Investment, and Stonebridge Capital to expand its AI data center operations. The investment was structured through the spin-off of SK Broadband into two entities: SK Broadband (existing operations) and SK Horizon (new AI infrastructure unit). KKR invested approximately 1.82 trillion won for a 29% stake in SK Horizon, while the IMM-Stonebridge consortium contribu

According to Coinglass and market analysis outlet Cryptoreviewing, Bitcoin peaked at $81,455 on Aug. 28 but fell to $76,877 following Fed Chair Kevin Warsh's Jackson Hole speech, wiping out $107 million in derivatives liquidations across long and short positions. Market data shows roughly $5.7 billion in liquidity sits below between $75,000 and $78,500, while whales maintain heavy sell walls at $80,800 to $83,000, suggesting further downside risk remains elevated.

President Trump signed an executive order Friday at Johnson Space Center to establish the US Space Academy, a new educational institution under NASA jurisdiction aimed at training the next generation of aerospace professionals. The academy will offer free tuition to students, who must commit to several years of service upon graduation. According to NASA Administrator Jared Isaacman, the majority of positions will be allocated to NASA and civilian roles rather than military service, supporting hi

According to Guru Club, spot gold crashed nearly 3% on Friday, August 28, falling to around $4,464 per ounce and breaking below the $4,500 level as Federal Reserve Chair Powell reiterated the central bank's commitment to its 2% inflation target at Jackson Hole. Powell warned that if inflation does not decline "clearly and sufficiently quickly" to target, the Fed "still has work to do." Spot silver fell in tandem, dropping 3% to $67.09 per ounce. The selloff was driven by a stronger dollar and ri

According to Onchain Lens monitoring reported by ChainCatcher, a suspected whale controlled by a single entity accumulated 223,350 HYPE tokens worth approximately $14.83 million over the past two weeks. In recent minutes, two wallets associated with the same whale withdrew 83,630 HYPE tokens valued at roughly $6.69 million from Coinbase Prime.

According to Hanmi Pharma's announcement on August 24, the South Korean pharmaceutical company agreed to license its Phase 1 obesity treatment candidate HM17321 to Roche subsidiary Genentech. The deal is valued at up to $23.05 billion, with a non-refundable upfront payment of $1.9 billion, plus potential milestones and royalties. Market analysts noted the upfront payment represents 8.2% of the total contract value, more than double the typical 4% average for comparable Big Pharma licensing deals

According to Kitco News, Federal Reserve Chair Kevin Warsh said Friday at the Jackson Hole Economic Symposium that inflation remains a bigger concern than the slowing labor market, signaling a tightening bias. Warsh noted the Fed's preferred inflation measure, the 12-month PCE price index, stands at 3.7%, with the six-month reading at 4.1%. "We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed," he said. The remarks triggered gold selling pre

According to Kitco News, spot gold fell sharply to $4,543.80 per ounce on Friday (August 28) following the U.S. Bureau of Labor Statistics' announcement of a downward revision to nonfarm employment. The preliminary benchmark revision totaled -79,000 (-0.1 percent) for the 12-month period through March 2026, while private employment saw a -178,000 revision (-0.1 percent). Spot gold last traded at $4,564.05, down 0.83% on the session.

According to Zangle, a crypto data analytics firm, U.S. spot Bitcoin and Ethereum ETFs saw net inflows of $1.156 billion and $746.7 million respectively during the week of August 21-27. The inflows came as the U.S. Securities and Exchange Commission proposed a new regulatory framework, 'Regulation Crypto Assets,' designed to provide exemptions and conditional safe harbors for crypto investment contracts. Additionally, the U.S. Treasury Department expanded its Treasury buyback program for 10-year

Affirm Holdings reported stronger-than-expected fiscal fourth-quarter results on Friday, with revenue reaching $1.17 billion versus the $1.11 billion estimate, while gross merchandise volume hit $14.1 billion, surpassing the $13.39 billion expectation. CEO Max Levchin told CNBC that high gas prices are weighing on U.S. shoppers, with the national average at $4.09 per gallon as of Friday. "In times of inflation, we see more demand because folks are budgeting," Levchin said, adding that consumers

According to The Sandbox, the platform pledged on Thursday to repay eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained 14.744 million SAND tokens worth approximately $700,000. Users who held bridged SAND on Base or BNB Smart Chain before the attack will receive an equivalent amount of Ethereum-based SAND from The Sandbox treasury, with no new tokens minted. The claims process is expected to open within two weeks and remain open for another two weeks. Two centralized exchanges will

According to Cointelegraph analysis, this week Bitcoin's rally above $80,000 drove crypto stocks soaring, with miners and digital asset treasury companies posting double-digit gains. Bitcoin extended its weekly advance past 23%, while Ether gained nearly 30% to trade above $2,500 over the past week, according to onchain data. Canaan, MARA Holdings and Strive were among the biggest gainers, with Coinbase and Robinhood also rallying. The recovery was fueled by the US Treasury's plan to double cert

According to OneKey CEO Yishi Wang, the open-source wallet provider's security team successfully reproduced a transaction replacement attack against Ledger Ethereum app version 1.22.1. The vulnerability allows attackers to overwrite a transaction waiting for user signature, but requires control over device-host communications through malware or compromised software. Ledger released security fixes on Aug. 13 (app-level safeguards in version 1.22.2) and Aug. 21 (root fix in Secure SDK 26.6.1). "No

According to WSJ, the Office of the Comptroller of the Currency granted World Liberty Trust Company preliminary conditional approval on Aug. 14. Sheikh Tahnoon bin Zayed Al Nahyan's StringZ Holding RSC owns 49% of WLTC Holdings, which operates the proposed trust bank, while an entity affiliated with US President Donald Trump's family holds 38%. If approved, the trust bank would handle issuance, redemption and custody of World Liberty's USD1 stablecoin under federal supervision. The venture canno

According to Korea Exchange data, Samsung Electronics shares fell 3.38% to 257,000 won on Aug 28, while SK Hynix declined 4.45% to 1.653 million won. Despite current weakness, major securities firms maintained buy ratings, citing Samsung's massive shareholder return plan and competitive advantages in high-bandwidth memory (HBM). Mirae Asset Securities kept a buy rating with a 370,000 won price target, implying 44% upside. Analyst Kim Young-gun noted that current valuations have fallen to pre-AI

BitGo completed the acquisition of NYDIG's institutional trading business on Thursday, Aug 27, according to a company announcement via BusinessWire. The transaction includes NYDIG's institutional client relationships and approximately 30 employees who joined BitGo. The acquired business provides derivatives, structured products, financing and capital markets services to asset managers, hedge funds and institutional companies. BitGo did not disclose financial terms. The sale allows NYDIG to focus

U.S. Secretary of State Rubio announced that a new agreement will bring nearly $100 billion in private investment to Venezuela. The details of the investment framework were not disclosed in his statement.