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Despite the weakness of the dollar, gold prices still fell as investors awaited U.S. inflation data for clues on Federal Reserve interest rate decisions. Naeem Aslam of Zaye Capital Markets stated that gold prices remained above the $4,400 level, indicating that defensive demand was sufficient to offset the pressures from a strong labor market.The market is balancing the strong economic data supporting interest rate hikes with the safe-haven demand brought about by geopolitical uncertainty. The focus is shifting to the U.S. PPI and CPI data to be released later this week.

On September 8, domestic GPU leader Moore Threads opened lower, quickly plummeting in the early trading session, at one point dropping over 10%, with the stock price hitting a new low of 371.17 yuan. As of the time of writing, it has fallen over 8%, reported at 380.76 yuan, with a latest market value of 179 billion yuan.Moore Threads hit a 20% limit down yesterday, with its market value falling below 200 billion yuan. According to the announcement, on September 7, 25.7745 million shares from the initial public offering's offline placement faced a lifting of restrictions.Regarding the reason for the limit down on that day, a reporter from Yicai called the securities affairs representative of Moore Threads as an investor. The staff member stated that it was a large lifting of restrictions day for the offline placement shares, and advised investors to view it rationally, noting that the company's fundamentals are normal.

The Bangko Sentral ng Pilipinas (BSP) has released a proposed announcement to suspend the acceptance of new applications for registration of payment system operators (OPS) for 12 months and to implement stricter controls on payment arrangements involving virtual asset service providers (VASP). The BSP stated that this move aims to conduct a comprehensive review of its classification and licensing framework.According to the draft, during the suspension period, the BSP will stop accepting and processing OPS applications. Applications submitted prior to the suspension can continue to be evaluated, but will not be approved or rejected until the suspension ends. Relevant entities are prohibited from conducting business activities that require OPS registration unless they obtain special authorization from the regulatory agency. In addition, BSP-regulated entities providing merchant acquiring services must connect licensed VASPs through direct merchant arrangements, and such relationships will be subject to enhanced due diligence, transaction and settlement limits, and other risk control measures.This requirement applies to virtual asset enterprises licensed, registered, or authorized by the BSP, the Securities and Exchange Commission of the Philippines, or other regulatory agencies, with VASPs being categorized alongside betting, gaming, adult industry, and money service businesses. If the draft is ultimately approved, it will take effect 15 days after publication, and the BSP is currently seeking public comments.

According to GMGN market data, the market capitalization of the BSC ecosystem token BREW has now rebounded to 12.5 million USD. This morning, the market capitalization of BREW briefly rose to about 28 million USD, and then quickly fell by about 80%, reaching a low of 2.2 million USD.On the news front, Flap is testing a new token pairing mechanism and has launched a new liquidity pool with BEN as the test token, which has attracted market attention to the narrative and capital flow related to BREW, possibly one of the reasons for its previous significant volatility. Please be aware of trading risks, as the prices of related tokens are highly volatile.

U.S. Treasury Secretary Becerra stated at a press conference in Washington yesterday that the Trump administration may target digital assets, the aviation industry, and the shipping industry as new sanctions in the process of further pressuring the Iranian economy.

OpenAI announced the end of its nearly four-year collaboration with Cursor. Subsequent OpenAI new models will no longer be integrated with Cursor, and the direct supply of existing models is scheduled to stop on November 12, 2026. Two weeks prior, SpaceX completed a $60 billion acquisition of Cursor, and according to the contract between the two parties, OpenAI has the right to terminate the collaboration after Cursor's acquisition.OpenAI stated that this decision is related to its trust issues with Musk's company, mentioning the violation of the contract with OpenAI after Twitter's acquisition, as well as previous violations by xAI in using OpenAI models. Based on this, OpenAI believes that continuing to provide new models to Cursor after its acquisition by SpaceX poses risks.

Bitcoin fell back on Friday afternoon, ending a strong rally driven by ETF inflows. As of Friday afternoon New York time, Bitcoin was at $77,379, down more than 3% in 24 hours, having reached a high of $81,281 earlier this week. Federal Reserve Chairman Kevin Warsh stated in his first major speech since taking office that there is "more work to be done" in combating inflation, which cooled market sentiment.The previous rally was mainly driven by liquidity. The U.S. spot Bitcoin ETF saw a net inflow of $1.14 billion this week, with over $3 billion accumulated in the past 9 days, of which BlackRock's iShares Bitcoin Trust received the largest share. Last week, the U.S. Treasury announced it would double the size of its liquidity support repurchase operations, further boosting Bitcoin's rally.Analysts believe this round of market activity is closely related to "currency devaluation trades"—investors view Bitcoin as a hedge against currency devaluation and excessive government spending. The total amount of U.S. Treasury debt surpassed $40 trillion for the first time this month, further reinforcing market concerns about the dilution of fiat currency purchasing power.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "LoL: Contingent Esports vs. University of Mississippi," the "Contingent Esports" option in the sub-market "Fourth Match Winner" has experienced significant fluctuations in winning probability, soaring from 44% an hour ago to the current 62% (a fluctuation of 18%). Please note the impact of related breaking news.

According to a post by Santiment, Grayscale has converted its Zcash trust established in 2017 into a spot ETF, trading on NYSE Arca since August 25. The price of ZEC rose from about $509 on August 18 to about $852 on August 23, an increase of approximately 65%.Santiment stated that social mentions peaked at 232 times on August 22, about six times the baseline level for August, and then fell back to baseline on the day the ETF launched. Interest peaked the day before the price topped, and enthusiasm had waned before the fund opened. As of the post, ZEC is about $796, down approximately 6% from its peak. The market is more in a "rumor" phase, and when the news landed, funds had already begun to exit.

Mediterranean Shipping Company (MSC) has suspended its Black Sea route service to Russia due to a drone attack.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated in a post that on the first trading day of U.S. stocks after a weekend surge, ETF fund flows have become a key observation indicator. Data shows that Bitcoin ETF net inflows reached $314 million, while Ethereum ETF net inflows were $180 million. U.S. stock funds are chasing long positions, which means that this round of increases has further confirmed funding, and the probability of Bitcoin falling back below the $67,000 starting point is very low.At the same time, the inflow of funds into the Ethereum ETF is equivalent to 57.2% of Bitcoin, significantly higher than the ETH/BTC total market capitalization ratio of 18.8%. Based on this, he believes that ETH will continue to play the role of the "engine" in this bull market. With Trump significantly embracing blockchain and the advancement of the CLARITY Act, financial assets such as the U.S. dollar, U.S. stocks, and U.S. bonds may further go on-chain, be tokenized, and become smart contract-enabled in the future. He believes this will drive more traditional financial professionals to understand and invest in the related blockchain ecosystem.

CoinDesk cites data from Glassnode indicating that Bitcoin recently surged to $80,000, primarily driven by short sellers being forced to cover their positions, rather than a large influx of new buyers. This characteristic has historically made the market more sustainable.Data shows that as short positions were liquidated, Bitcoin futures open interest has dropped to 587,584 BTC, marking a nearly 5-month low. The market leverage level has decreased, providing a relatively more solid foundation for price trends.

Towns co-founders Ben and Pat announced that after five years of collaboration with Brian, they have completed the transfer of protocol operations to the Towns Foundation located in Switzerland. The new experienced leadership team will continue to manage the protocol, drive the next phase of growth, and will gradually appear through official channels. The protocol will continue to operate as a decentralized communication protocol, supporting on-chain community ownership, end-to-end encrypted messaging, programmable identities, and native value transfer.According to reports, Towns has accumulated over 1.6 million users and over 400,000 communities, with users expected to earn over $40 million through the protocol by 2025, and has completed listings on multiple mainstream exchanges. The protocol also supports real-time messaging, payments, governance, and $TOWNS network incentives. The team pointed out that building a sustainable company and building a protocol are different challenges, and in response to changes in the market environment, they chose to hand over the protocol to the appropriate team for continuation rather than shutting it down.Both parties expressed their anticipation for the foundation to promote the development of Towns in the intersection of decentralized communication and AI. Pat and Ben will engage in new ventures while continuing to support the transition part-time, thanking the team, investors, node operators, exchange partners, developers, $TOWNS holders, and community members.

According to the official announcement from Gate, Gate is collaborating with World Liberty Financial (WLFI) to promote the USD1 Points Program, and the second phase of the WLFI token airdrop is about to be distributed. The total amount of this airdrop is 700,000 WLFI, which will be allocated based on the proportion of points earned by users during the specified statistical period. All users holding points will receive the corresponding airdrop.The points statistics are valid until August 25 at 08:00 (UTC+8), and WLFI tokens will be directly credited to the spot accounts of eligible users on August 26 at 08:00 (UTC+8). It is worth noting that since Gate and WLFI jointly launched the USD1 Points Program in August 2025, the program has cumulatively distributed 3,000,000 WLFI tokens to participating users. In addition, the new phase of the USD1 Points Airdrop Program will be launched on August 26.

According to Gate market data, as Bitcoin fell below $77,000, the crypto market experienced a pullback, with altcoins generally under pressure and declining. Among them:TAC is currently priced at $0.001672, down 40.86% in 24 hours;FHE is currently priced at $0.01978, down 30.03% in 24 hours;SQD is currently priced at $0.03, down 29.01% in 24 hours;PTB is currently priced at $0.0007364, down 27.11% in 24 hours;INX is currently priced at $0.006619, down 26.43% in 24 hours;BASED is currently priced at $0.07328, down 25.35% in 24 hours;SWARMS is currently priced at $0.007254, down 24.80% in 24 hours;BEAT is currently priced at $0.1342, down 24.18% in 24 hours.

According to Gate market data, the market experienced a collective short-term crash, with TRUMP dropping over 15%, ZEC, SOL, and XRP all dropping over 10%, and ETH dropping over 8%.

The U.S. military has established a shipping corridor in the Strait of Hormuz, transporting about 10 million barrels of oil daily, which is about half of the pre-war shipping volume. This move alleviates the impact of the war on oil supplies and has a significant effect on the global energy market.

According to Gate market data, the Shanghai Composite Index closed down 95.88 points on August 19, a decrease of 2.4%, reporting at 3,894.42 points; the Shenzhen Component Index fell 732.34 points, a decrease of 5.01%, reporting at 13,890.15 points; the CSI 300 Index dropped 137.12 points, a decrease of 2.9%, reporting at 4,588.7 points; the ChiNext Index decreased by 232.07 points, a decrease of 6.26%, reporting at 3,473.49 points; the STAR 50 Index fell 123.35 points, a decrease of 6.89%, reporting at 1,667.52 points.

According to GMGN market data, last night and this morning, mainstream meme coins across various public chains experienced a general decline. Among them: the leading Solana ecosystem meme coin ANSEM dropped over 30% from yesterday's high, currently reported at $227 million; the previously leading meme coin MarsCoin in the BSC ecosystem fell below the platform consolidation level it had maintained for several days, currently reported at $32.83 million, with a 24-hour decline of 12%; the meme coin CASHCAT on the Robinhood chain once again fell below the $100 million mark, currently reported at $89.37 million, with a 24-hour decline of 14.61%.