Gate Cryptocurrency News and Market Analysis

The US Commerce Department reported on the 26th (local time) that the core Personal Consumption Expenditures (PCE) price index for July matched market expectations. The core PCE, the Federal Reserve's preferred inflation gauge, rose 0.2% month-over-month and 3.3% year-over-year, both in line with fo

Ethereum developers submitted a draft proposal Monday to replace the network's validator deposit contract with a version that supports variable-length cryptographic keys, marking the first concrete step to prepare Ethereum's staking infrastructure for post-quantum cryptography. The draft Ethereum

Better Mortgage and Coinbase announced Wednesday their token-backed mortgage is now generally available to Coinbase One members. The expanded offer became available to Coinbase One members on Aug. 12, allowing eligible borrowers to pledge crypto as collateral in the homeownership process. The

The U.S. Securities and Exchange Commission sent a proposal this week to the White House for review that would change its rules governing how investment advisers hold digital assets. The Office of Information and Regulatory Affairs, a division of the Office of Management and Budget that reviews

Warner Bros. Discovery faces operational uncertainty following the delayed merger with Paramount Skydance, as settlement talks between California Attorney General Rob Bonta and Paramount fell apart earlier this week. The $110 billion acquisition, which values WBD at $31 per share, has been

Veteran investor Cathie Wood recently doubled down on Circle Internet Group (NYSE: CRCL) despite a sharp decline in its stock price over the last year. Circle is a crypto company known for its USDC stablecoin,

XRP surged 43.7% over the past seven days through Aug. 26, outperforming every other top-10 cryptocurrency. US spot XRP exchange-traded funds attracted $77.47 million of net inflows between Aug. 18 and Aug. 25, while Korean traders drove 16.3% of Upbit's total turnover early Aug. 26. The rally

Meta Platforms agreed to a proposed multistate settlement worth up to $17 billion announced Wednesday by California Attorney General Rob Bonta and a bipartisan coalition of attorneys general, resolving allegations that Facebook and Instagram were designed to encourage compulsive use among children a

US stocks opened mixed on the 26th (local time) as investors digested July Personal Consumption Expenditures (PCE) inflation data. At 9:59 AM local time, the Dow Jones Industrial Average fell 0.02% to 53,567.69, while the S&P 500 rose 0.11% to 7,685.53 and the Nasdaq Composite gained 0.08% to 26,171

US Treasury bond prices declined on the morning of August 26 (US Eastern Time) as investors showed caution ahead of the Federal Reserve's preferred inflation gauge release. The 10-year Treasury yield rose 1.00 basis point to 4.6480% as of 7:57 AM Eastern Time, according to Yonhap Infomax overseas in

Nasdaq-listed DeFi Development Corp. announced Wednesday the launch of State of Solana, a public real-time data and research platform consolidating Solana market, network, staking, validator, yield and

A vulnerability in the shared Cosmos EVM software triggered attacks on three blockchain networks between Aug. 20 and Aug. 22, prompting Cosmos Labs to urge affected projects to halt block production and apply security updates. The affected networks are Mantra, TAC and KiiChain. The vulnerability

Park Hyun-joo, Chairman of Mirae Asset Group, announced plans to expand digital assets to 150 trillion won at a May 26 event in Seoul. The expansion is driven by Mirae Asset's '3.0 strategy,' which merges traditional assets like Samsung Electronics and SK Hynix stocks with digital assets through

Shinhan Card confirmed the sale of its headquarters building 'Pine Avenue Building A' following a board decision on the 21st during the August regular board meeting. The sale, structured as a sale-and-leaseback arrangement with up to a 10-year lease term, is expected to generate a gain

SK Innovation's Korean stocks plunged 11.04% on the 26th after the company announced plans to absorb its separator business subsidiary SK IE Technology (SKIET). The merger decision aims to address SKIET's accumulated losses since 2023 and mounting financial burden, but triggered investor concerns ov

Bernstein analyst Gautam Chhugani forecasts Bitcoin will reach $300,000 by 2029, positioning the cryptocurrency as the primary beneficiary of a shift away from traditional fiat currencies. The investment bank's projection ties Bitcoin's rise to what Chhugani calls the 'debasement trade'—a strategy b

OpenAI announced its first AI chip, the Jalapeño, on Tuesday, stating it delivers industry-leading speed and efficiency for inference workloads. The chip is being developed with Broadcom and will be deployed within OpenAI's compute infrastructure by the end of the year. Industry analysts told CNBC t

Australia's Securities and Investments Commission released its Corporate Plan 2026–27 on Wednesday, setting a target to complete 80% of routine financial services and credit licence applications within 120 days, down from the

Samsung Electronics and SK Hynix stocks saw their target prices lowered by securities firms, yet the gap between target prices and actual stock prices remains substantial as of the previous day. According to financial data provider FnGuide on the 26th, the divergence rates between actual stock price