Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
13:37

Justin Sun Sues World Liberty Financial Over $45M, 4B Tokens; Alleges Hidden Asset-Freezing Power

According to ChainCatcher, Tron founder Justin Sun recently filed a lawsuit against World Liberty Financial, claiming the protocol secretly embedded the ability to freeze user assets without disclosure, governance, or procedural safeguards. The dispute involves $45 million and 4 billion tokens, with Sun alleging the freeze mechanism was activated days after token unlocks. Sun framed the case as a matter of blockchain principle: users should maintain true ownership of their assets without issuer
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WLFI-3.94%
TRX0.82%
13:37

Trump Administration to Announce Iran Economic Isolation Plan on Monday

According to Jin10, U.S. Treasury Secretary Bessent is set to announce details of a new economic isolation plan against Iran on Monday. The plan represents a shift in strategy, moving from military strikes to comprehensive economic pressure through new sanctions, maritime blockades, and increased economic pressure on Iran's trading partners. Analysts note that Iran's Islamic Revolutionary Guard Corps controls the Strait of Hormuz and has previously launched drone attacks toward the Persian Gulf.
13:34

Bitcoin's 23% Rally Drives Largest Short-Term Holder Inflows to Exchanges Since February

According to CryptoQuant analyst Darkfost, Bitcoin's 23% rally over the past three days triggered the largest influx of short-term holder activity to exchanges since February 2026. Bitcoin closed at approximately $78,300 on August 21, up over 7% for the day, with market capitalization increasing by $275 billion. During the rally, approximately 53,000 BTC was transferred to exchanges, with Binance receiving 17,800 BTC. Notably, all BTC flowing into Binance originated from short-term holders with
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BTC0.09%
13:32

US Treasury Expands Bond Buybacks to $4B, Triggering $1.74B Bitcoin Short Liquidation

According to the US Treasury, the agency announced on August 19 that it would at least double its long-term bond buyback operations from $2 billion to a minimum of $4 billion per operation across 10-to-30-year securities, effective September 9. Lower long-duration yields from the buyback expansion pushed capital into risk assets including Bitcoin. The announcement triggered a sharp liquidation event in crypto markets. According to Forbes, $1.74 billion of Bitcoin short positions were liquidated
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BTC0.09%
13:30

DeepSeek API Adjusts Pricing Starting August 23, Weekend Rates Unified to Off-Peak Level

According to The China Science Board Daily, DeepSeek will adjust its API pricing rules starting August 23, 2026. From that date, weekends (Saturday and Sunday) will no longer distinguish between peak and off-peak periods, with all day unified to off-peak rates. Existing fees generated before the new rule takes effect will be settled under the original pricing standard. Previously, DeepSeek implemented peak-valley pricing where peak-hour rates are double the off-peak rate, with deepseek-v4-pro ou
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13:21

Anthropic Pursues IPO at Up to $2 Trillion Valuation on August 22

According to New York Times, Anthropic is pursuing an initial public offering at a valuation target of up to $2 trillion on August 22. The AI company's revenue has grown rapidly, driven by its Claude Code service for coding assistance. The IPO is intended to support large-scale investments in AI infrastructure and business expansion.
13:16

Cathie Wood Warns HBM Boom May Be Temporary, Price Surges Signal Risk

According to PANews, on August 22, Ark Invest founder Cathie Wood warned that the high-bandwidth memory (HBM) trend may be temporary and cyclical in nature. She noted that HBM is the most commodity-like segment in the semiconductor supply chain, while companies like Cerebras and Groq have demonstrated viable alternatives without relying on HBM. Wood emphasized that in the tech sector, prices tripling, quadrupling, or soaring tenfold are typically negative signals rather than signs of healthy mar
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13:13

OpenAI Cuts GPT-5.6 Sol API Pricing Over 20%, Output Token Rate Falls 33% to Counter Anthropic and Chinese AI

According to Reuters, OpenAI announced yesterday (August 21) that it will reduce GPT-5.6 Sol API pricing by over 20% within three months to compete with Anthropic and Chinese AI models. Input Token costs for standard context will drop from $5 to $4 per million, while output Token costs fall from $30 to $20 per million—a 33.3% reduction for output tokens. The price cuts apply to API, ChatGPT Work credits, and Codex, though Pro, Plus, and Business subscription plans remain unchanged.
13:04

South Pars Phase 14 Gas Facility Completes 70% Repairs by August 22

According to Iran's Oil Ministry official website Shana, South Pars phase 14 gas processing facility has completed 70% of repairs as of August 22. Touraj Dehqani, CEO of Persian Oil and Gas Company, stated the facility will resume full operation by year-end, with damaged sections fully reintegrated into production cycles.
13:03

DWF Labs: Nasdaq Extended Trading Hours Benefit On-Chain Perpetual Contracts

According to DWF Labs, Nasdaq's extended trading hours announced today (Aug 22) improve pricing efficiency for on-chain perpetual contracts. The core challenge for 24/7 trading platforms is pricing when underlying asset markets are closed, which traditionally relies on EMA estimates and internal pricing algorithms that introduce basis risk and funding rate volatility. With near-continuous regulated market monitoring, oracles can access higher-quality reference prices, narrowing the gap between o
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12:57

Hackers Exploit GTA 6 Leak to Orchestrate Pump-and-Dump Token Scheme; 20 Fake Accounts Inflate Market Cap to Millions in 3 Days

According to Bits.media, on August 22, hackers leveraged the GTA 6 gameplay leak to orchestrate a pump-and-dump cryptocurrency scheme. The CyberLeek hacker group initially leaked two files via the dark web. After purchase, third parties created multiple domains and launched a Cyberleek token. Over three days, approximately 20 fake accounts with similar amounts continuously bought the token, artificially inflating its market cap to millions of dollars. The organizers then dumped their holdings at
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12:53

Perp DEX Open Interest Reaches 2026 High at $20B

Gate News message, Open interest across perpetual DEXs has surpassed $20 billion, marking the highest level recorded in 2026. The current figure remains below the 2025 peak. The recent increase represents a recovery from approximately $11 billion lows observed earlier this year.
12:51

Stellar Leads Tokenized Non-US Government Debt Market With $490M in Assets

According to on-chain data, Stellar has become the leading public blockchain for tokenized non-US government debt, with approximately $490 million in such assets currently hosted on the network. Since February, Stellar has maintained the leading position in this segment, with its holdings of tokenized sovereign debt from outside the United States exceeding those recorded on other public blockchain networks. Fund managers and institutional custodians have increasingly turned to Stellar for debt s
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XLM4.85%
12:50

Iran's Defense Equipment Production Doubles Over Past Year, Says Defense Ministry

According to Iran's Mehr news agency, Iran's Defense Ministry spokesman Reza Talaei-Nik said on August 22 that weapon and defense equipment production over the past year has doubled. Talaei-Nik noted that following the end of a 12-day conflict with the U.S. and Israel in June of last year, some priority wartime strategic equipment saw production increases of more than three-fold.
12:49

Honor's Robot 'Lightning' Breaks Human 100m Record with 9.32s on August 22

According to IT House, on August 22, Honor's humanoid robot 'Lightning' completed a 100-meter test at the second World Humanoid Robot Sports Games in Beijing, recording a time of 9.32 seconds with a peak speed of 14.5 meters per second. The result surpassed the previous human world record of 9.58 seconds.