Gate Crypto Flash News and Market Updates

According to BlockBeats, on August 29, Trump called Nvidia CEO Jen-Hsun Huang during the company's all-hands meeting in Santa Clara, California. Huang temporarily left the stage to answer the call, which lasted approximately one minute. Later that day, Trump posted on social media congratulating Nvi

According to Cointelegraph, Avici announced it will provide full refunds to all 1,685 users affected by a card balance vulnerability. The total refund amount is approximately $500,859.

According to CCTV, on August 27, U.S. President Trump signed an executive order renaming Ontario Lake to 'American Lake'. On August 28, Quinte Bay First Nation Chief Donald Maracle stated that the lake's original name derives from the Haudenosaunee (Iroquois) language and that renaming it

According to Iran's FarsNews, on August 29, Iran's Oil Ministry transferred $7.5 billion in oil-related foreign exchange revenue to the Central Bank. According to the Oil Ministry, the oil revenue collection rate for the first four months of the current fiscal year reached 99% of the budgeted

Ethena Foundation announced today (August 29) a conditional buyback proposal for ENA token, contingent on USDe stablecoin supply reaching $7.5 billion. The governance vote closes September 2. Once triggered, 95% of net protocol revenue would flow into automated ENA purchases on the open market.

On May 1, Evercore ISI analyst Mark Mahaney raised his Amazon price target to $335, citing strong momentum from Rufus, the company's AI shopping assistant. The tool reached over 250 million users in 2025, with users 60% more likely to make a purchase compared to non-users.
Evercore estimates that R

Bank of England Governor Andrew Bailey praised Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole symposium, describing it as carrying "real substance." Warsh, who assumed the Fed chair role in 2026 following Jerome Powell, has signaled a shift toward emphasizing "price stability" as a b

According to US Treasury Secretary Scott Bessent, the US and Japan conducted coordinated currency interventions on July 31-August 1, 2026, with the Treasury purchasing $5-10 billion in yen while Japan undertook $52-54 billion in interventions. Bessent clarified that Japan has no debt obligations to

On August 29, Solana validators approved proposal SGP 0002 to double the network's annual disinflation rate from 15% to 30%, accelerating the path to its long-term 1.5% inflation floor. The measure passed with 67% support from participating stake, representing 176.29 million SOL in favor

According to Bloomberg and Reuters, Chinese chipmaker CXMT sued the U.S. Department of Defense on August 28, requesting removal from a blacklist. The company stated its chips are designed for civilian and commercial use, not military purposes, and claims it was wrongly added to the list. CXMT was

On August 28, South Korea's Ministry of Science and ICT awarded contracts to three major operators—SK Telecom, KT, and Kakao—to build and manage its "AI for All" initiative, which will provide free, unlimited AI access to approximately 52 million residents. A public beta is scheduled for late

According to Reuters, Taiwan is strengthening defenses on the Penghu archipelago during August's Han Kuang exercises, deploying tanks, artillery, mortars, armored vehicles and Hsiung Feng missile launch vehicles to the 90-island cluster located about 50 kilometers off Taiwan's southwest coast. The i

According to Kitco News, Copper Giant Resources Corp. reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its Mocoa project in southern Colombia. The interval, starting 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, with higher-gr

According to Kitco News, on Friday at the Jackson Hole Central Bank Symposium, Federal Reserve Chair Kevin Warsh emphasized that price stability is a greater concern than labor market weakness, shifting focus back to inflation control. Warsh noted that the Fed's preferred inflation measure, the 12-m

According to Grayscale's Aug. 27 report, Bitcoin's 90-day correlation with gold has climbed above 50%, while its correlation with the Nasdaq 100 fell to roughly 33%, citing Bloomberg data through Aug. 24. The shift reflects investors increasingly treating Bitcoin as a scarce monetary asset rather th

According to Evernorth Holdings Inc. and Armada Acquisition Corp. II, the U.S. Securities and Exchange Commission declared the companies' Form S-4 effective on Aug. 27, clearing the way for a shareholder vote on the proposed merger on Sept. 30. The development advances Evernorth's planned Nasdaq

According to Beating AI, Elon Musk recently criticized OpenAI CEO Sam Altman and co-founder Greg Brockman, calling them 'completely untrustworthy' and accusing them of stealing an open-source nonprofit organization. Musk's comments come as OpenAI plans to terminate its partnership with Cursor and

According to the Bank of Korea, on August 27, the central bank raised its benchmark rate to 3% from 2.75%. The move is expected to increase borrowing costs for retail investors who have taken loans to invest in stocks, as brokerage margin lending and collateral loan rates typically move in line

According to Binance futures data, altcoin volume share on the exchange collapsed from 63% to 47% in a single week as of June 29, 2026, with traders rotating capital into Bitcoin and Ethereum amid heightened risk aversion. Bitcoin accounted for 47.9% of the $28.74B total trading volume, while Ethere

According to Crypto Briefing, Bybit rolled out 24/7 options trading on SpaceX and Nvidia shares, allowing traders to buy and sell contracts tied to these equities around the clock. The product targets traditional market constraints, where options trading is restricted by exchange hours and