Gate Insights and Crypto Market Analysis

Bitcoin climbed 7.9% over 24 hours to around $77,137 on Friday, touching an intraday high of $79,320. The rally triggered a short squeeze, with CoinGlass logging roughly $1.21 billion in liquidated short positions across 178,777 traders in the same period. The surge followed a week of bullish

The USD-KRW exchange rate traded at mid-1,380s in the New York session on the 21st. As of 9:27 PM in the foreign exchange market, the rate stood at 1,386.80 won, down 5.80 won from the previous session. The decline was driven by export company negotiation volumes and offshore investor selling

On Aug. 18, 2026, data from the U.S. Treasury showed that the federal government's total outstanding public debt had reached $40.05 trillion. This marked the first time U.S. Treasury debt had surpassed the $40 trillion threshold. From first reaching $1 trillion in 1981 to $40 trillion today, U.S. debt expanded 40-fold over 45 years. The most recent $1 trillion increase—from $39 trillion to $40 trillion—took less than five months. Surpassing a round-number debt threshold does not itself constitut

MANTRA's OM token fell approximately 18.5% to a record low of $0.004126 at around 11:10 p.m. UTC on Thursday after MANTRA Chain halted block production following a software exploit. The network suspended transactions and related operations while developers investigated a vulnerability in upstream de

Kalshi, a prediction market platform, filed with the U.S. Commodity Futures Trading Commission to launch a perpetual futures contract for copper. The proposed COPPERPERP contract would track the spot price of copper in U.S. dollars per pound using a price feed from Pyth Network, a blockchain-based d

Tether abandoned its Bitcoin mining operation in Uruguay after investing an estimated $120 million in two sites, following an electricity supply dispute with state utility UTE. The stablecoin issuer announced the project in May 2023, citing Uruguay's renewable energy resources and reliable grid,

Strategy's Bitcoin holdings returned to an unrealized profit of approximately $1.4 billion on Friday as Bitcoin traded around $77,000, reversing billions in paper losses from earlier this summer. The Michael Saylor-led company holds 840,447 BTC purchased at an average price of $75,385, yielding a 2.

The US dollar declined on the 21st at 8:08 AM Eastern Time, with the Dollar Index (DXY) falling to 98.657, down 0.227 points or 0.230% from the previous close of 98.884. The dollar faced downward pressure as the euro and British pound strengthened following improved private sector activity data from

Sharplink Gaming staked 39,319 ETH worth approximately $91 million on August 21, according to onchain tracker Lookonchain. The Nasdaq-listed company, ticker SBET, has built its corporate strategy around Ethereum accumulation and staking under Chairman Joseph Lubin, the Ethereum co-founder and

On August 20, 2026, security researchers identified a coordinated supply chain attack targeting three widely used Rust crates on crates.io—arrayref version 0.3.10, internment 0.8.7, and append-only-vec 0.1.9—which were modified to include a malicious dependency executing remote code during

Anthropic is preparing for a public listing that could rival SpaceX's $85.7 billion raise in June, according to people familiar with the matter cited by Bloomberg. A public filing could arrive as soon as the end of August, although Chief Financial Officer Krishna Rao has not disclosed a target

The three major US stock indices opened higher on the New York Stock Exchange at 9:51 AM local time August 21, driven by bargain buying. The Dow Jones Industrial Average rose 356.67 points (0.68%) to 53,115.88, the S&P 500 gained 26.24 points (0.34%) to 7,667.40, and the Nasdaq Composite

Iranian President Masoud Pezeshkian stated on the 21st (local time) that Iran holds the upper hand over the United States and it is time to end the months-long Middle East war between the two nations. Speaking at the Islamic Medical Association General Assembly, Pezeshkian argued that with Iran in a

Binance Wallet and JustLend DAO launched the second season of the TRON Crazy Thursday campaign, offering deposit-based rewards of up to 43% annual percentage yield (APY) for users who deposit assets into the TRON ecosystem. The initiative is designed to increase participation in TRON-based

Ross Stores posted second-quarter sales of $6.3 billion, a 13% increase, with comparable-store sales jumping 10% — the second consecutive double-digit quarter — and earnings of $2.66 per share, beating Wall Street estimates. The retailer raised its full-year guidance to between $8.61 and $8.77 per s

Shinhan Asset Management signed a memorandum of understanding with the Solana Foundation, Etherfuse and Orca to test the issuance and distribution of a Korean won-denominated tokenized investment fund. The South Korean asset manager, which oversees roughly 133.6 trillion won ($96.6 billion), said th

BitPay integrated XRP into its self-custody wallet, enabling users in the U.S. and supported regions to buy, sell, swap, send, receive and spend the asset while retaining control of private keys. The integration expands XRP's accessibility beyond traditional exchanges into a payments-focused

Treasury Secretary Scott Bessent's expanded bond-buyback program may ease pressure in long-term debt markets without addressing the fundamental issue of rising U.S. government borrowing, according to JPMorgan. James Sullivan, JPMorgan's co-head of global fundamental research, said the strategy

Take-Two Interactive experienced a sharp two-day stock selloff that coincided with the circulation of new Grand Theft Auto VI footage beginning Aug. 18. TTWO traded around $248.13 before the leak and fell into the low-$230s before recovering to $240.15, erasing roughly $2.8 billion in market

Hyundai Motor Company's stock closed at 415,000 won on the 21st, down 2,500 won (0.60%), as the company's labor union launched an 8-hour full strike across all domestic plants — the first such action in 10 years since 2016. Yugen Securities cut Hyundai Motor's target price from 900,000 won to 750,00