Gate Crypto Flash News and Market Updates

According to the U.S. Labor Department, on Aug 22, initial jobless claims seasonally adjusted fell by 4,000 to 203,000, beating economist expectations of 208,000. The figures reflect a relatively low level within this year's range of 189,000 to 230,000, indicating that despite weak hiring activity, layoff volumes remain contained. Separately, Federal Reserve policymaker Barr Schmidt stated on Thursday that current interest rates are not sufficiently restrictive for the economy while inflation re

According to Meritz Securities, OpenAI slashed GPT-5.6 Luna pricing by 80% to $0.20 per million input tokens in late July, while Anthropic permanently reduced Claude Sonnet 5 prices as U.S. AI firms intensified competition against Chinese models. Global daily token usage surged 36.8% month-over-month to approximately 11 trillion in August, yet Chinese models maintained 56% market share despite U.S. pricing aggression, as DeepSeek and similar platforms trade at roughly one-quarter the cost of Ame

According to CDC social media statements, the U.S. Centers for Disease Control and Prevention recently disputed Pennsylvania officials' claims about two measles-related deaths, saying Governor Josh Shapiro refused the agency's assistance and declined to provide additional information. Health and Human Services Secretary Robert F. Kennedy Jr. thanked the CDC for raising questions about whether the deaths were actually caused by measles.

On August 28, HPP (House Party Protocol) surged 75.86% to 12.31 KRW on Cobit and climbed 59.57% to 12.63 KRW on Bithumb, according to the exchanges' data. HEMI rose 34.9% to 14.34 KRW on Bithumb during the same 23-hour period. ONG (Ontology Gas) fell significantly across multiple exchanges, declining 43.87% to 174 KRW on Bithumb and 43.34% to 179.5 KRW on Coinone.

Japan's July unemployment rate will be released in approximately 10 minutes.

According to Yonhap Infomax citing FSC disclosures on August 28, Samsung BioLogics announced a 30 trillion won (approximately 23 billion USD) equity offering. The company will issue 2.27 million new shares, representing 4.9% of existing shares outstanding at 1.322 million won per share. Shareholder subscriptions are scheduled for November 9–10. The offering proceeds will fund Samsung BioLogics' acquisition of Swiss PolyPeptide Group for 1.46 billion Swiss francs (approximately 27 trillion won),

According to CNBC, Salesforce stock surged 22% on Thursday (August 27) after the company reported better-than-expected Q2 results and announced expanded collaboration with AI startup Anthropic. The stock rally marks Salesforce's second-largest single-day gain in history, trailing only a roughly 26% jump in August 2020. Q2 revenue reached $11.35 billion, beating analyst expectations of $11.32 billion, while adjusted earnings per share hit $5.90, significantly exceeding the market estimate of $3.2

According to reports, Nvidia announced a $12.9 billion acquisition of Hugging Face on August 28, marking a significant move in the battle for AI infrastructure control. The deal underscores intensifying competition among major tech firms to secure dominance in the generative AI supply chain.

According to Raymond James analyst Simon Leopold, reported by Yahoo Finance on August 28, the firm raised Nvidia's price target from $352 to $550, representing 141% upside from Wednesday's closing price of $227.98. The increase reflects confidence in the company's FY2028 guidance projecting 70% revenue growth. Leopold cited accelerating progress in chip architecture evolution, including the Vera Rubin and Grok 3 LPX products, which are entering rapid production phases with strong adoption across

According to The Wall Street Journal, Sheikh Tahnoon bin Zayed al Nahyan, the UAE's national security advisor, and co-investors hold a 49% stake in the holding company created by World Liberty Financial to pursue a bank charter. The investment was made via a separate entity called StringZ Holding for approximately $500 million, the WSJ reported. World Liberty Trust Company, National Association received preliminary approval from the Office of the Comptroller of the Currency in mid-August to beco

According to Asia Economy, DSC Investment completed its largest-ever fund, DSC Homerun Fund 2, with total commitments of 3.47 trillion Korean won, last September as policy funding was expected to accelerate. The company moved ahead of anticipated government fund deployments, which formally launched in April 2026. DSC officials stated the early fundraising aimed to secure high-quality deals at favorable terms before competitive pressure from policy funds drove up valuations. Across nine liquidate

According to Samsung Securities report on August 28, SK Telecom established AI data center operator SK Horizon through spin-off of subsidiary SK Broadband and raised 3.008 trillion won in external funding. The investment comes from KKR (29%), IMM Investment and Stonebridge Capital consortium (20%), with SK Telecom maintaining 51% ownership. Samsung Securities maintained a "Buy" rating on SK Telecom with a 115,000 won price target, citing improved execution capability and long-term growth foundat

According to ChainCatcher, Polymarket US completed CFTC certification and withdrew NFL player contract filings. The platform plans to list Bitcoin, Ethereum, and Solana price contracts on or after August 27, all classified as binary options swaps.

According to Investing.com and CNBC, Marvell Technology (NAS: MRVL) reported fiscal 2027 second quarter revenue of $27.39 billion on August 27, beating Wall Street's consensus estimate of $27.1 billion. The figure represented a 37% year-over-year increase, driven by surging demand for AI infrastructure solutions. Non-GAAP earnings per share reached $0.94, up 40% year-over-year and exceeding the market forecast of $0.93. Despite the strong results, Marvell's shares fell 5.76% to $227.54 in after-

According to KB Securities on August 28, Samsung Electronics is positioned as the top beneficiary of China's expanding AI data center investments. The brokerage forecasts that U.S. AI data center capacity will grow 2.2-fold to 121GW by 2030 from 55GW this year, while China's capacity is projected to double to 80GW from 40GW. Combined U.S. and China AI data center investments are estimated to reach approximately $5 trillion through 2030, averaging $180 billion annually. Samsung is expected to ben

iShares Silver Trust, the world's largest silver exchange-traded fund, reduced its holdings by 16.87 tons compared to the previous day, bringing its total silver holdings to 15,345.86 tons.

According to ChainCatcher, BitGo has acquired NYDIG's institutional trading business and related assets, bringing derivatives, structured products, financing, and capital markets capabilities into its institutional platform. Approximately 30 NYDIG employees will join BitGo, along with the institutional trading client relationships. BitGo plans to integrate the business with its existing custody, trading, settlement, and wallet infrastructure. NYDIG will focus its resources on power generation, B

According to Yomiuri Shimbun, Japan's Prime Minister Masae Takamichi plans to limit new government bond issuance to approximately 40 trillion yen. Takamichi also stated she plans to conduct a cabinet reshuffle and appoint senior party officials in mid-to-late September.

According to CNBC, CrowdStrike CEO George Kurtz said Thursday that artificial intelligence is exposing critical gaps in corporate cybersecurity defenses and rendering legacy tools inadequate. On Wednesday evening, the company reported record quarterly revenue of $1.47 billion, with annual recurring revenue rising 25% year-over-year to $5.84 billion and net new ARR reaching a record $333 million. Shares surged over 20% to a near-record close of $228. Kurtz noted that even sophisticated companies

According to NH Investment & Securities on August 28, the investment bank cut its target price for Samsung Heavy Industries by 6% to 32,000 Korean won, citing limited pricing momentum in liquefied natural gas (LNG) carrier construction. The bank lowered its long-term growth rate forecast from 1.0% to 0.5% and adjusted its target price-to-book ratio to 3.4x. Despite the downgrade, Samsung Heavy Industries trades at a 2028 projected price-to-earnings ratio of 10.0x, the lowest among major South Ko