Gate Insights and Crypto Market Analysis

Standard Chartered became the first bank to distribute HKDAP, one of Hong Kong's first regulated stablecoins, the London-listed bank announced on August 24. The bank will initially help eligible institutional clients and partners integrate HKDAP, a Hong Kong dollar-backed stablecoin issued by

Financial Times reporter George Hammond reported that, after aggregating spending data from more than 70k businesses, payments platform Ramp found that more than two months after Anthropic launched its most powerful and expensive model, Fable 5, the model accounted for only about 11.4% of Anthropic’s overall tool spending. The figure comes as Anthropic prepares for a stock-market IPO that could take place as early as next month. Fable 5 Accounts for 11.4% of Spending but Only 6% of Token Usage A

In the third week of August, U.S. spot Bitcoin and Ethereum ETFs recorded $2.61 billion in net inflows for the week. Total assets in U.S. spot crypto ETFs reached $110.3 billion, with BlackRock’s IBIT accounting for approximately half of the entire category. However, during the same period, global monthly active on-chain addresses fell 18% year over year, while passive holders rose 16% year over year. The number of monthly active open-source developers stood at approximately 28k, down more than

Indian university team BITSkrieg qualified for the SCAN 2026 finals scheduled for September 28 at 9 AM in Seoul, ranking among the top 20 teams from a preliminary field of 416 teams and 754 participants. The four-member team from BITS Pilani K.K. Birla Goa Campus earned their finals berth through

According to on-chain monitoring data, Huang Licheng (Machi Big Brother), who has suffered nearly 500 liquidations in total, recently increased the assets in his Hyperliquid account from approximately $152k to $12.72 million in about three days, generating more than $12.5 million in unrealized profits. The primary source of those profits was a 25x leveraged ETH long position. From $152k to $12.72 Million: More Than 80x in Three Days (Source: Hypurrscan) High-leverage perpetual futures trading ha

According to financial disclosures made public on August 22, Trump purchased SpaceX shares valued at between $15k and $50k on June 23, giving him a more direct financial relationship with the long-standing military contractor, whose launch missions require federal government approval. White House spokesperson Davis Ingle said that Trump’s investment portfolio is independently managed by a third-party financial institution and that Trump and his family “cannot manage it.” Details of Trump’s Space

Japan’s adult entertainment platform FANZA, affiliated with the DMM Group, opened early access to the beta version of “FANZA Studio” on August 24, providing a one-stop environment for creating and monetizing adult-oriented AI content—from AI generation and publishing to connecting with fans. FANZA Studio was primarily designed to address the issue that most mainstream AI tools do not accept requests to generate adult content, leaving creators without compliant channels for publishing their work.

The Bitwise XRP ETF traded more than $200 million across three sessions ending Aug. 24, according to Bitwise Asset Management President Teddy Fusaro. The three-day stretch marked the fund's busiest period since it began trading in November 2025, coinciding with a sharp August recovery in XRP's

The Bank of Korea reported that per-borrower new household loan origination in Q2 2026 fell to 34.14 million won, down 1.28 million won from the previous quarter and marking the lowest level since Q1 2023. The decline was driven by strengthened lending management across financial institutions.

South Korea's Ministry of Climate, Energy and Environment will convene Samsung Electronics, SK Hynix, Google, and ASML for a renewable energy policy meeting on the 26th at the Korea Chamber of Commerce and Industry, the ministry announced on the 25th. The meeting aims to share Korea's renewable ener

Attackers exploited an authorization vulnerability at the BounceBit protocol layer to transfer approximately 286.5 million $BB from 9 core accounts on the mainnet. BounceBit announced the permanent closure of the existing Layer 1 mainnet, abandoning plans to relaunch the blockchain after patching the vulnerability. $BB will be migrated to BNB Chain and reissued in BEP-20 format based on an on-chain snapshot taken before the attack. Attack Details: Protocol-Layer Authorization Vulnerability Led t

Standard Chartered Bank (Hong Kong) (Standard Chartered HK) announced on August 25 that it had become the first bank authorized to distribute HKDAP. HKDAP is Hong Kong’s first regulated Hong Kong dollar stablecoin and can be redeemed for Hong Kong dollars at a 1:1 ratio. Standard Chartered Bank plans to begin using HKDAP in Q4 2026 to settle tokenized money market funds, facilitate intra-group bank transfers, and process cross-border payments. HKDAP Issuance Structure: 1:1 Redemption for Hong Ko

KOSPI recovered to the 6550-level during intraday trading after reducing its decline from the opening session. As of 11:44 AM, the KOSPI index stood at 6564.6, down 132.36 points (1.98%) from the previous trading day. The index opened at 6535.93, down 2.40%, and fell to as low as 6408.80 during the

Hanwha Aerospace was selected as the sole contractor for the US Army's Mobile Tactical Cannon (MTC) prototype project on the 18th (local time), prompting Korean Investment & Securities to maintain its 2 million

BitMine Immersion Technologies (NYSE: BMNR) Chairman Tom Lee outlined the company’s ten-year vision on the Bankless podcast on August 25: “We are betting that Ethereum will become the primary venue where these activities take place; our mission is to help Ethereum remain the most important chain in the future.” The company disclosed that it purchased 32,447 ETH last week. BitMine’s ETH Holdings Progress: 5,847,611 ETH, Representing 4.8% of Supply Since launching its Ethereum treasury strategy on

Alibaba (HKEX: 09988) completed an HK$80 billion ordinary share placement (cash-based capital increase) on August 24, setting a record for the largest capital increase in the history of Hong Kong-listed companies. One hundred percent of the proceeds will be used to invest in “full-stack” AI capabilities. The company subsequently released the Wan3.0 AI video-generation model on Monday, which can generate videos up to 30 seconds long at resolutions of up to 1080p, with pricing of up to $0.20 per s

The Wall Street Journal published an analysis on the 24th (local time) examining extreme volatility in Korean stocks, describing the market as a 'fright ride' after the KOSPI experienced dramatic swings. The Korean stock market, which had surged on an AI semiconductor boom with a 76% gain in 2025, d

Xiaomi (01810-HK) released three self-developed chips—Xuanjie O3, Xuanjie O100, and Xuanjie D100—on August 24. Chinese media described the release as “another breakthrough for China’s chip industry.” Xuanjie O3 is an AI flagship SoC built using a self-developed 3-nanometer process, with its AnTuTu score surpassing 5 million points for the first time. Xuanjie D100 is China’s first 3-nanometer high-computing-power chip for intelligent driving, targeting in-vehicle intelligent-driving scenarios. Xu

South Korean stocks declined on August 25 as the KOSPI fell 1.86% to 6572.39 amid investor anxiety ahead of NVIDIA's earnings report and the Jackson Hole meeting. The decline was driven by semiconductor stock weakness, with Samsung Electronics and SK Hynix falling 2.04% and 4.37% respectively.