Gate Cryptocurrency News and Market Analysis

Bitcoin mining stocks are exhibiting weakening correlation with BTC as AI data center revenue replaces traditional mining income, according to a 90-day ranking by Fundstrat co-founder Tom Lee. Strategy showed a 78% correlation with Bitcoin, while Core Scientific registered just 16%, and Cipher

Solana is testing the key 96-100 resistance zone after its strongest weekly advance in months and a new bullish momentum signal. The move follows a sharp rebound from the mid-$70s and represents the first green weekly momentum indicator after an extended bearish period. A confirmed breakout above th

Bitcoin faces a critical test at $76,000 after bearish divergence raised the risk of a short-term correction across the crypto market. The bearish divergence appeared on Bitcoin's one-hour chart, according to analyst Jesse Olson, as BTC retreated from

Ripple's RLUSD stablecoin has surpassed $2 billion in market capitalization, according to XRP Ledger dUNL validator Vet. The milestone reflects rapid expansion since RLUSD's December 2024 launch and positions Ripple's

Coinbase, Bullish, and Gemini recorded quarter-on-quarter declines in trading revenue during Q2 2026 as the bear market persisted. The three exchanges responded by shifting focus toward newer products including stablecoin offerings and prediction markets. Coinbase cut staff by 14% in May and

Upbit, South Korea's largest cryptocurrency exchange, processed approximately $1.84 billion in crypto transactions over the past 24 hours, marking a 273% increase and the highest single-day volume since mid-March, according to CoinGecko data. The surge follows Bitcoin's latest rally, which drove

XRP is trading at $1.59 and approaching the $1.65 resistance level, a key technical threshold identified by market analyst EGRAG CRYPTO as the current battleground for the cryptocurrency. The approach follows XRP's breakout from a 2-week trading range. Large holders accumulated approximately 190

Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, warned that the United States could face a serious debt crisis within the next one to five years. According to CNBC on local time (no specific date provided beyond '21st'), Dalio assessed through his LinkedIn that US

SpaceX is hiring a trader to build and lead a natural gas trading team as the company's fuel and power needs grow, according to job postings. The role covers both physical and financial natural gas trading. The move comes as SpaceX expands its energy infrastructure, including plans announced

Arbitrum activated its ArbOS 61 'Elara' upgrade on August 20, introducing new tooling for Orbit chains including an optional protocol-level compliance filtering feature designed for enterprise deployments. The upgrade requires node operators to update to Nitro v3.11.3 and expands the Stylus

Digital Asset, the developer behind the Canton blockchain, is preparing to pilot a blockchain-based welfare payment system across three U.S. states in the first quarter of 2027, according to reports. The initiative, developed with the American Idea Foundation founded by former U.S. House Speaker

UBS Global Wealth Management raised its S&P 500 year-end 2026 target to 8,100, implying approximately 6% gains from recent levels near 7,674, according to Reuters. The revision reflects stronger profit outlook driven by three key supports: steady economic expansion, accommodative monetary policy, an

The Texas government suspended existing power grid approval processes for new data centers early this month to conduct additional project verification. The move targets a backlog of approximately 474 gigawatts (GW) in power connection requests received by ERCOT, the state's grid operator—roughly

Cardano announced a two-phase scaling roadmap for its Dijkstra era, with Ouroboros Leios and throughput improvements central to the plan. Phase 1 targets Linear Leios and nested transactions code completion in Q4 2026, while Phase 2 involving Ouroboros Peras is planned for Q2 2027. The roadmap

Korean department store stocks have fallen approximately 40% from their peaks despite the sector experiencing its strongest performance in 20 years, driven by luxury goods sales and foreign tourist spending. Analyst Seo Jeong-yeon from Shin Young Securities noted in Q2 analysis that the decline

The United Kingdom's tax agency HM Revenue and Customs sent 81,000 crypto tax warning letters during the past 12 months, according to figures obtained Aug. 20 by accountancy group UHY Hacker Young through a Freedom of Information request. The total increased 25% from approximately 65,000 letters in

AI company Anthropic is pursuing an initial public offering with a target valuation of $2 trillion (approximately 2,780 trillion won), according to sources cited by The New York Times on the 21st local time. Underwriters for Anthropic recently discussed raising over $100 billion (approximately 139 t

The US imposed 50% tariffs on Canadian imports worth $20 billion on the 22nd (local time) after last-minute negotiations collapsed. Canadian Prime Minister Mark Carney announced immediate retaliatory tariffs of equal value, criticizing what he called unfair last-minute changes to US-proposed

NH Amundi Asset Management's HANARO Global Gold Mining ETF returned 30.78% over one month as of the 21st, leading all Korean-listed ETFs. The ETF invests in global gold mining company stocks and outperformed gold futures ETFs (11.77% and 11.48% returns) and gold spot ETFs (6.81% and 6.18% returns) d

Tether minted 1 billion USDT, valued at approximately $999.9 million, at its treasury on the Tron network in recent market activity, according to Whale Alert. The transaction represents one of the largest single additions of USDT supply and adds substantial stablecoin liquidity to the