Gate Cryptocurrency News and Market Analysis

US hedge fund manager Citadel disposed of over 80% of the portfolio risk from assets acquired from AI-focused hedge fund Sycamore Situational Awareness, CNBC reported on the 21st local time. Citadel CEO Ken Griffin informed clients in a letter obtained by CNBC that the firm had already resolved more

Lee Kyung-min, FICC Research Director at Daishin Securities, forecast that KOSPI will break through its previous high of 9300 within this year in an interview with Money Today's YouTube channel. KOSPI fell more than 22% in July and has shown continued volatility this month, dropping 38% from its hig

Mark Connors, Chief Investment Officer at Risk Dimensions, stated that expanding the US Treasury Department's bond repurchase program could help Bitcoin reach its target level sooner in the current market cycle. According to the macroeconomics analyst, Treasury actions that reduce pressure on long-t

President Donald Trump hosted crypto industry executives at the White House this week and pressed Congress to pass a 'fair version' of the Clarity Act, referencing ethics provisions he says single him out. The SEC formally proposed Regulation Crypto Assets on Tuesday, and the CFTC held its first

Japan is accelerating development of deep-sea rare earth deposits near Minamitorishima Island, collaborating with the United States to reduce dependency on China. In February 2026, Japan successfully recovered rare earth-bearing sediment from approximately 6000 meters depth, with the seabed

Bitcoin posted its biggest weekly rally in two years, briefly topping $79,000 on Friday and fueling a broad surge across crypto markets. XRP jumped nearly 40% and crossed $1.40, while altcoins including Hyperliquid, Zcash, and Chainlink each gained more than 30% for

Walmart Inc. (WMT) shares extended declines by 0.7% on Friday after the company's latest quarterly earnings triggered its worst one-day drop since May 2022, with shares plunging over 9%. The sell-off followed the retailer's report of 2.6% U.S. same-store sales growth for the quarter ending in

The US military supported the transit of over 660 million barrels of oil through the Strait of Hormuz since early May, according to a statement from US Central Command spokesman Tim Hawkins on the 21st local time. Hawkins said the military assisted more than 1,300 commercial vessels navigating throu

BounceBit, the YZi Labs-backed crypto project, is shutting down its standalone blockchain after a security breach exposed a protocol-level flaw. The attack allowed an intruder to move approximately 286.5 million BB tokens, valued at roughly $3.3 million at the time. The project chose to abandon its

Nvidia announced strategic partnerships on Friday to expand beyond its core GPU business into AI infrastructure development. The company formed a partnership with Cloverleaf Infrastructure and backed a $250 million funding round for AI data center startup Starcloud. Bloomberg reported Friday that Nv

S&P Global released preliminary August Purchasing Managers' Index (PMI) data showing US services sector activity expanded to a 20-month high of 56.8, while manufacturing sector activity slowed to a 5-month low of 53.2. The services PMI rose 2.2 points from July's 54.6, driven by improved demand, whi

Digital Asset and former US House Speaker Paul Ryan's American Idea Foundation plan to pilot a blockchain-based system for distributing state-administered benefits across three US states using the Canton Network, with the RISE program expected to launch in the first quarter of 2027. The pilot is

US spot Bitcoin ETFs recorded $606.29 million in net inflows on August 20, marking their largest single-day intake since May 1 and extending an inflow streak to four consecutive sessions, according to SoSoValue data. BlackRock's IBIT accounted for $502.99 million of that total—approximately 83% of a

US spot Solana Exchange Traded Funds (ETFs) recorded a $14.59 million net inflow, marking the largest single-day inflow in three weeks. Previous inflows included $8.8 million on August 10th and $2.1 million on August 19th. This renewed interest among institutional investors reflects growing

Two Binance employees detained in the United Arab Emirates have been released after providing statements to authorities about third-party fund flows through a company client money account, according to the cryptocurrency exchange. The employees were stopped in the Emirates in recent weeks as

The US Treasury doubled certain long-dated bond buybacks this week, and Bitcoin rose more than 23% toward $79,000 while Ether crossed $2,400. The Treasury's move to at least double buyback operations for 10- to 20-year and 20- to 30-year coupons added liquidity to markets without technically

Broadcom is in talks to raise upwards of $70 billion to $80 billion in debt for a chip financing deal aimed at supporting artificial intelligence companies including Anthropic, CNBC's David Faber confirmed Thursday morning. The senior tranche of financing is expected to be around $45 billion, with t

US Treasury bond prices traded in a narrow range near parity on August 21, with the 10-year Treasury yield standing at 4.705% as of 8:59 AM Eastern Time, according to Yonhap Infomax foreign interest rate intraday data. The consolidation follows two days of sharp volatility triggered by the US Treasu

XRP jumped 14.21% in 24 hours to $1.40, making it the best-performing asset among the top 10 cryptocurrencies by market cap today. The daily candle closed above both the 50-day and 200-day exponential moving averages for the first time since XRP's death cross locked in earlier this month. The move r

Hyperliquid's native token HYPE climbed to a fresh all-time high of $77.55 on Aug. 21, extending a rally that accelerated after U.S. President Donald Trump publicly discussed bringing the decentralized derivatives crypto exchange into the United States. The price surge followed Trump's Aug. 19