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
08:26

Gold Surges 18% Overnight, Bitcoin Hits $79.7K as U.S. Treasury Expands Debt Buyback

According to Maeil Business Newspaper, on August 24-25, gold futures and Bitcoin rallied sharply amid growing dollar liquidity concerns. Gold surged 18% since mid-August, closing at $4,697.80 per ounce on August 24 (COMEX), while Bitcoin approached $80,000, trading at $79,700. The rally reflects a "debasement trade" bet—investors shifting to alternative assets in response to U.S. fiscal deficits and expanded Treasury debt buybacks, which increase dollar supply and weaken fiat currency. Bitcoin s
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BTC3.12%
08:21

ETH Long Holders Cash Out $31.26M Gains as BTC OG Whales Remain Down $7.8M on August 25

According to BlockBeats on August 25, major Ethereum long holders associated with BIT fully exited their positions, realizing net gains of $31.26 million after deducting funding fees and transaction costs. In contrast, Bitcoin's largest OG holder continued struggling with combined losses of $7.8 million—despite holding 1,268.3 BTC long with $5.6 million in unrealized gains, their ZEC short positions are underwater by $13.4 million. Meanwhile, HYPE's largest long holder maintained 1.38 million to
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ETH1.02%
BTC3.12%
HYPE1.96%
08:19

Nvidia Stock Eyes 56%-68% Upside as Analysts Rally Behind Wednesday Earnings Report

According to analysts at KeyBanc, Rosenblatt, and Cantor Fitzgerald, Nvidia is poised for strong results when it reports fiscal Q2 earnings on Wednesday. Wall Street projects revenue of $91–92 billion, with sequential growth of 12–13%, driven by accelerating Rubin GPU shipments as hyperscalers continue heavy infrastructure investments. Analyst targets of $325–$350 imply 56–68% upside from the $208.48 close. Potential 15% price hikes for Blackwell and Rubin systems are viewed as justified given r
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08:19

Bitumen Futures Surge on Aug 25 as Crude Costs Rise and Domestic Supply Tightens; Weekly Output at 39.1M Tons

According to a Yide Futures report on Aug 25, bitumen futures surged, driven by geopolitical premium amid the U.S.-Iran standoff and tight domestic supply. Refinery operating rates hit a seasonal low with weekly production at 39.1 million tons, while September independent refineries plan a 43.6% year-on-year production drop. Inventory levels remain extremely low, providing strong price support as demand gradually picks up in northern regions alongside seasonal construction season. The market is
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08:17

Solana Validators Begin Vote on SGP-0003 Fee Burn Proposal; Daily SOL Burns Could Jump to 7,500–9,000

According to Solana governance materials, Solana validators began voting on SGP-0003, a governance proposal restructuring the network's fee model, on August 23. The vote runs through Epoch 1023, expected to conclude on August 27. The proposal introduces a variable, resource-based transaction fee that would be fully burned, replacing the current flat-fee structure. If approved, projected daily SOL burns could rise from approximately 650 SOL to between 7,500 and 9,000 SOL. The vote is ongoing and
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SOL6.55%
08:17

Hyperliquid Whale Closes $61.72M Worth of Positions in 3 Days, ETH and BTC Holdings Liquidated

According to EmberCN, Hyperliquid's largest bullish trader closed another 800 BTC worth approximately $64.4 million four hours ago. Over the past three days, the trader has liquidated a cumulative 120,000 ETH and 2,000 BTC, realizing profits of approximately $61.72 million. The trader's long position has decreased from $537 million to approximately $80 million, with only one address now holding 1,000 BTC in long positions.
ETH1.02%
BTC3.12%
08:16

OpenAI Bans Russia-Linked ChatGPT Accounts Used in Covert Influence Campaign

According to OpenAI's official statement, the company has banned a group of ChatGPT accounts allegedly linked to Russia that were used to generate social media content promoting International Burke Institute (IBI), a organization claiming to be based in Israel. The accounts distributed content across Substack, Telegram, X, Facebook, and LinkedIn while attempting to conceal their Russian origin. OpenAI's investigation found that IBI's website contained plagiarized and misattributed academic conte
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08:13

Bitcoin-Nvidia Correlation Near Zero as $100K Target Requires 24.3% Surge

According to FinanceFeeds analysis as of August 25, Bitcoin and Nvidia shares show virtually no correlation, with daily return correlation of 0.014 across 250 overlapping trading sessions—statistically indistinguishable from zero. Bitcoin trades at $80,419, meaning $100,000 requires a 24.3% advance. Nvidia reports Q2 fiscal 2027 earnings after the US close on August 26 at 16:20 ET, with consensus at $92.03 billion revenue versus $46.74 billion year-ago. However, across Nvidia's last four earning
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BTC3.12%
08:12

Russia Deploys AI-Powered Autonomous Drones in Ukraine, Equipped with Nvidia Jetson Orin Chips

According to The New York Times on August 24, Russia has deployed autonomous AI-controlled drones in Ukraine that can independently select and strike targets without human intervention. Ukraine obtained and disassembled one such drone that attacked a propane gas tank facility at a fuel station in Zaporizhzhia last month, revealing it was equipped with Nvidia's Jetson Orin microcomputer and lacked external communication antennas, indicating full autonomous operation. The drone strike killed three
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08:12

Draper University Launches Apex Accelerator, Offering $70K to Cardano Web3 Founders; Applications Close Sept. 1

According to Bitcoin.com News, Draper University has launched the Apex Growth Accelerator, a 10-week in-person residency program for Web3 founders on the Cardano network. The program offers up to $70,000 in seed capital for 3.5% equity stakes, with applications open through September 1 and the core program commencing October 12 at the San Mateo campus in partnership with Cardano Foundation and Orion Fund. The accelerator focuses on real-world asset tokenization, institutional DeFi, and enterpris
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ADA0.79%
08:11

Kremlin Advisor Warns of Possible Attacks on UK Drone Factories, August 25

According to English media reports, Kremlin advisor Andrei Fedorov warned on August 25 of possible "paramilitary" attacks from "unidentified sources" against UK drone manufacturers in response to Britain providing Ukraine with design specifications for Storm Shadow cruise missiles. Fedorov stated that factories producing drones for Ukraine "could be attacked, but not by Russia—by some unidentified source." The warning comes as UK Prime Minister Keir Starmer plans to lobby U.S. President Trump ne
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08:08

Hanmi Pharma, Other Korean Biotech Stocks Bounce on Licensing Deals; Analyst Targets Reach 810,000 KRW

According to MoneyToday, on August 25, South Korean biotech stocks rebounded as technology licensing announcements boosted investor sentiment. Hanmi Pharmaceuticals fell 7.22% to 501,000 KRW after hitting its daily limit the previous day following news of its obesity drug candidate HM17321 license to Genentech. Multiple securities firms immediately raised price targets, with Korea Investment Securities setting the highest at 810,000 KRW, followed by NH Investment at 760,000 KRW. Alteogen and Neo
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08:07

DGrid AI Token $DGAI Surges 8.5x to $0.85 Within 12 Hours of Listing on Gate, OKX, Kraken Overnight

According to ChainCatcher, DGrid AI's $DGAI token completed token generation event (TGE) on August 24 at 16:00 UTC and simultaneously listed on OKX Boost, Gate, Bitget, KuCoin, Kraken, MEXC, and PancakeSwap. The token opened at $0.1 and surged to a peak of $0.85 within 12 hours, marking an 8.5x gain. As of August 25 at 16:00 UTC, $DGAI traded at $0.72 with a current fully diluted valuation of approximately $720 million, according to CoinMarketCap data.
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CAKE1.09%
08:07

CFETS-NEX CNY Funding Sentiment Index Falls to 48 on August 25, Down 3 Points Since 2:30 p.m.

According to Jin10 Futures, as of 4 p.m. on August 25, the CFETS-NEX nationwide funding sentiment index reported 48, down 3 points from 2:30 p.m. Among institutional categories, major banks reported 47 (down 3 points), mid-sized banks reported 50 (down 2 points), and non-bank institutions reported 47 (down 3 points). The index ranges from 0 to 100, with 50 indicating equilibrium and readings above 50 reflecting funding tightness.
08:05

Huobi HTX Launches JP225 and ADI Perpetual Contracts, Opens 10B HTX Trading Competition

According to Huobi HTX's official announcement, on August 25, Huobi HTX launched JP225/USDT and ADI/USDT perpetual contracts with support for 1-20x long and short trading. The exchange is also running a perpetual contract trading competition from August 25 through September 1, 15:00 UTC+8, with a total prize pool of 10 billion HTX tokens available for participants.