Gate Cryptocurrency News and Market Analysis

XRP holders withdrew approximately 240 million XRP from Binance, Upbit, and Bithumb between late May and early June, according to CryptoQuant data. The withdrawals reduced combined reserves on the three exchanges to roughly 10.84 billion XRP, a 2.2% decline. This movement reshaped the distribution o

Japan's Nikkei 225 and Topix indices rose on August 20, gaining 1.36% and 1.18% respectively to close at 66,216.79 and 4,059.73. The rally followed the US Treasury's announcement of expanded mid- and long-term bond buybacks, which drove down Japanese and US long-term bond yields and redirected

BitGo Korea, the South Korean subsidiary of global digital asset infrastructure firm BitGo, received Virtual Asset Service Provider (VASP) registration approval from the Financial Intelligence Unit (FIU) under the Financial Services Commission on the 18th, Hana Financial Group announced on the 20th.

GnosisDAO approved Gnosis Chain's transition to an Ethereum Economic Zone rollup through proposal GIP-153. The vote received 123,158 GNO in support versus 115 against across 54 voters, exceeding the 75,000 quorum. The transition addresses Ethereum layer-2 fragmentation by enabling smart contracts ac

South Korean financial authorities decided not to abolish correlation coefficient regulations for active exchange-traded funds (ETFs), despite recent cases where multiple ETFs were delisted after outperforming their benchmark indexes. The decision stems from concerns that removing the regulation

On August 20, SK Hynix announced a 40 trillion won shareholder return plan, driving the KOSPI index up 5.89% to 6852.58. The memory chipmaker committed to buying back and cancelling 40 trillion won of shares within three months and returning over 50% of 2025-2027 cumulative free cash flow. The

Broadcom shares rose 1% in premarket trading on Thursday, recovering from a selloff the previous day triggered by Google announcing a chip deal with Marvell Technology. Investors grew concerned that Google's partnership with Marvell risks Broadcom's position as Google's primary TPU partner,

Three major Korean securities firms are intensifying competition in the Integrated Management Account (IMA) market as market volatility increases. NH Investment Securities sold out its new 120 billion won product within one day of launching on the 18th, while Mirae Asset Securities announced it

Core Scientific is billing customers for nearly 440 megawatts of AI computing capacity ahead of its own delivery timeline. The NASDAQ-listed company (ticker: CORZ), which emerged from bankruptcy in early 2024 as a Bitcoin miner, has transformed its power infrastructure originally built for

The United States and Canada are negotiating a trade arrangement to reduce tariffs on Canadian steel and aluminum exports to 25% from the current 50% rate. The tariffs initially stood at 25% when implemented in March 2025 under Section 232, the national security provision used to justify trade

DFI token crashed 48.7% in one hour this week, plunging from $0.0013501 to $0.000676 according to CoinGecko data. The collapse was driven by heavy selling pressure in a market with thin liquidity—just $97.01 in 24-hour trading volume—and possible whale wallet activity, though no single confirmed

XRP has remained in a bear market for 578 to 579 days, according to chart analysis shared by crypto trader Nerd. The altcoin is currently trading around $1, testing a critical resistance zone between $1.40 and $1.55 that traders believe could determine whether the prolonged downtrend finally

An anonymous crypto wallet purchased 5,000 ETH worth approximately $9.53 million hours before a White House crypto meeting on August 19 and immediately staked the entire position. The timing drew attention from onchain analysts tracking large trades aligned with political events. The purchase

Gold futures reached $5594.82 per ounce on January 29, marking a record high after a 28% surge within one month. Prices subsequently dropped to $4100 per ounce by the end of July before resuming an upward trajectory in August. The recovery coincides with decreased likelihood of US interest rate

Circle Internet Group added approximately $1.75 billion in market capitalization on August 19 as investors responded to President Donald Trump's White House meeting with crypto industry executives and the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. Circl