Gate Crypto Flash News and Market Updates

According to ChainCatcher, BitMEX co-founder and Maelstrom fund head Arthur Hayes said Ethereum is his largest holding after Bitcoin. Hayes noted that ETH, the second-largest cryptocurrency by market cap that has yet to break its 2021 all-time high, offers favorable risk-reward dynamics compared to other crypto assets, justifying a concentrated position. He expects ETH to rally significantly if it breaks the $3,000 resistance level, potentially surging toward $5,000 and beyond. Hayes attributed

The eurozone's August services and manufacturing purchasing managers' index (PMI) preliminary readings will be released at 16:00 Beijing time today.

According to Yonhapinfomax, the USD/JPY exchange rate held around 159 yen on August 21 amid rising oil prices and Middle East uncertainty. The yen weakened as U.S. Treasury Secretary Scott Bessent signaled extensive economic pressure on Iran, pushing global crude prices higher. WTI crude surged above $89 per barrel on August 20, the highest level since late July, and traded around $86 per barrel on August 21. Japan's import-dependent economy pressured the yen as investors sold the currency and b

Upcoming data releases on August 21: Eurozone's August manufacturing PMI preliminary reading, and LME inventory changes for copper, aluminum, and nickel will be published within minutes.

According to SK Hynix and Korean Exchange data, the semiconductor chipmaker announced on August 20 a 40 trillion won self-share buyback and cancellation plan, triggering a stock surge. The stock climbed 12.73% to 1,691,000 Korean won, with intraday gains exceeding 14%. The company plans to acquire 24.07 million shares via market purchases over three months. Separately, actor Jun Won-ju, who invested in SK Hynix around 20,000 won per share in 2011 before the SK acquisition, continues to hold the

According to Fiscal AI data, Walmart reported Q2 earnings beat but Q3 guidance disappointed, with comparable-sales growth slowing to 2.6% in the most recent quarter—sending the stock toward its worst week in over four years. The company reported Q2 revenue of $187.9 billion and EPS of $0.81, both exceeding consensus estimates, but guided Q3 adjusted EPS of $0.62–0.64, missing Wall Street's $0.68 forecast. Transaction growth also eased to 1.5%, raising concerns about underlying consumer demand. W

According to Bloomberg, Nvidia is in early-stage negotiations with South Korean AI chip designer Rebellions over potential collaboration, with options including technology partnership, investment, and possible acquisition, according to sources familiar with the matter.

According to Jin10, on August 21, Iran's parliament speaker Mohammad Baqer Kalibafs stated that Iran and Iraq will continue to stand at the forefront of opposing hegemony. "Just as Iran and Iraq defeated the U.S. in war and made it taste bitter defeat, the two countries will continue this path of confrontation," Kalibafs said.

According to CoinGecko data, over the past 24 hours, XRP, BTC, and USDT ranked as the top three tokens by trading volume on Upbit. XRP led with 22.93% of trading volume and approximately $416 million in trading amount, followed by BTC at 14.60% and $265 million, and USDT at 13.81% and $250 million. ETH placed fourth with 8.20% of trading volume and $149 million, while ONG ranked fifth at 2.85% and $51.69 million.

According to Coinglass data cited by ChainCatcher, ETH global open interest grew 5.32% in the past 24 hours to a total of $317.18 billion. By exchange, Binance holds $85.36 billion, Gate holds $26.23 billion, Bybit holds $21.24 billion, and OKX holds $16.55 billion.

According to Jin10 Futures, as of August 21, Dalian Commodity Exchange chemical futures warehouse receipts showed the following movements: polyethylene (PE) 4,343 contracts, unchanged day-over-day; polyvinyl chloride (PVC) 121,011 contracts, down 34 contracts; polypropylene (PP) 27,696 contracts, up 1,602 contracts; ethylene glycol (EG) 3,816 contracts, down 280 contracts; liquefied petroleum gas (LPG) 3,368 contracts, up 65 contracts.

Six major XRP Ledger amendments completed their initial two-week validator voting window on August 21, as privacy, payments and tokenization upgrades move closer to potential Mainnet activation. The amendments — BatchV11, ConfidentialTransfer, DynamicMPT, PermissionDelegationV11, Sponsor and fixCleanup330 — were introduced with the xrpld 3.3.0 software release on August 6. Activation requires sustained support from more than 80% of trusted validators for two weeks. ConfidentialTransfer, which en

According to Foresight News, Upbit has extended the trading caution period for Zilliqa (ZIL) until the third week of September 2026. The exchange stated that after reviewing Zilliqa's appeal following its listing as a cautioned trading asset, it determined further examination of relevant response measures and current progress is necessary.

According to ChainCatcher, Huawei CEO Ren Zhengfei met with China Huaneng Group Chairman Wen Shugang and General Manager Zhong Guodong in Shenzhen on August 20. Ren highlighted two fundamental advantages for China's AI development: electricity resources and telecommunications network infrastructure. The two parties identified substantial cooperation opportunities in AI, computing power, and coordinated energy solutions, with plans to strengthen joint technical innovation and explore scenario-bas

According to Lookonchain, on August 21, Garrett Jin's Bitcoin long position of 1,268 BTC (valued at $97 million) swung to profitability after more than three months of losses. The position reversed from a floating loss exceeding $22 million to floating gains surpassing $500,000 as BTC continued rallying.

According to the Shanghai Futures Exchange, warehouse inventories for key commodities shifted this week: copper rose 19,817 tons, aluminum fell 18,300 tons, zinc increased 1,181 tons, lead dropped 209 tons, nickel declined 771 tons, tin gained 56 tons, and natural rubber decreased 5,716 tons.

According to Bloomberg, on August 21, the Korean won surged to 1,380.35 per U.S. dollar, marking a 1% intraday gain, driven by expectations that Samsung Electronics would soon announce a record 100 trillion won shareholder return package. SK Hynix previously disclosed a 40 trillion won share buyback program. The won has risen at its fastest pace since late 2022 over the past 40 days. Analysts noted that the won strength depends on how companies fund these returns. Citi estimated that if foreign

According to MP Doctor, the KRW/USD exchange rate closed at 1,386.5 won on August 21, declining 6.1 won from the previous trading day and marking a new yearly low.

According to Korea Investment Securities, the Bank of Korea's Financial Policy Committee is expected to raise the base rate by 25 basis points on August 27, marking a second consecutive hike following July's decision. The research firm predicts the revised economic forecast will raise this year's growth rate to 3.2% while maintaining the inflation outlook at 2.7%. Analyst Ahn Jae-kyun noted the upward growth revision and stable inflation forecast support the rationale for consecutive rate increa

According to Iran's Mehr News Agency, Iran's Armed Forces General Staff chief Major General Mohammad Bagheri said on August 21 that Iranian armed forces are fully prepared across all domains including land, sea, air, air defense, space, and cyber. He stated that Iran will respond to any miscalculation or threats from enemies with a revolutionary, strong, regrettable, and devastating response.