Gate Crypto Flash News and Market Updates

According to Iran's Islamic Revolutionary Guard Corps spokesman Mohammadi, the Persian Gulf is now free of U.S. military vessels as of September 29. American military ships have withdrawn to at least 500 kilometers beyond the gulf's entrance, according to Tasnim News Agency.

According to Saudi Press Agency, Saudi Arabia's Crown Prince met with the Vice President of the United Arab Emirates in Riyadh today.

According to the Federal Reserve Bank of New York, on September 28, the Secured Overnight Financing Rate (SOFR) held at 3.90%, unchanged from the prior trading day. The effective federal funds rate similarly remained at 3.88%.

According to CNBC, SEC Chair Paul Atkins recently stated in a live interview that he hopes to push the stock market toward on-chain operations, adding that the entire financial system is moving toward Bitcoin and cryptocurrency. The SEC has already introduced an "innovation exemption" that permits qualified trading venues to conduct on-chain transactions in tokenized U.S. equities.

According to PANews, MicroStrategy executive chairman Michael Saylor outlined on September 29 the company's digital credit strategy. The firm plans to position MSTR common stock as leveraged Bitcoin exposure and ownership of its digital credit business, while STRC preferred stock serves as a dollar-yielding tool to reduce price volatility. Saylor stated that MicroStrategy can issue additional STRC shares above par value under suitable conditions and repurchase them below par to adjust circulatin

According to Odaily, U.S. Securities and Exchange Commission Chair Paul Atkins said in a recent CNBC live interview that he hopes to push the stock market toward on-chain operations. He noted that the entire financial system is moving toward Bitcoin and cryptocurrencies. The SEC has previously introduced an "innovation exemption" that permits qualified trading venues to conduct on-chain trading of tokenized U.S. stocks.

After receiving a warning letter from the U.S. Food and Drug Administration (FDA), Fresenius SE shares fell 6.7%. The regulatory warning represents a significant concern for the German healthcare and pharmaceutical company.

According to Conference Board, the Consumer Confidence Expectations Index for September came in at 63.6, missing expectations of 68.3 and falling from August's 68.2.

According to Odaily, the U.S. 30-year Treasury yield rose to 5.59% today, marking its highest level since 2002.

According to Bonk Guy, USELESS has corrected approximately 40% from its recent high. The analyst noted that the current price level presents a potential buying opportunity following the token's rapid advance.

According to YAP's official announcement on X, the platform launched Podium mode, a new fundraising mechanism that allocates token allocations exclusively to the top three ranked participants. The first-place participant receives 50% of the allocation, second place gets 30%, and third place gets 20%. The mode replaces the previous system that distributed allocations to all participants and introduces a competitive ranking mechanism.

According to MSX.COM data, optical communications stocks rose at the market open on September 29. Lumentum and Corning gained over 4%, while Marvell Technology and Coherent advanced more than 3%. AAOI rose nearly 3%.

U.S. job openings fell to 7.079 million in August, missing the expected 7.225 million and declining from 7.271 million in July, according to the Department of Labor's latest JOLTS report.

The U.S. Conference Board Consumer Confidence Index fell to 81.9 in September, below expectations of 89.1 and down from 89.4 in August.

According to Jin10, UK Prime Minister Andy Burnham announced on Tuesday that the government will legislate to repeal restrictions on water company nationalization and commit to driving "fundamental change" in Britain's water system over the next decade. England and Wales water companies were privatized in 1989, but recent operational failures have drawn criticism for prioritizing profits over environmental protection and affordability. Burnham pledged to submit a stronger Water Bill to parliamen

Mistral CEO Arthur Mensch said the debate around AI safety in the U.S. is being used to conceal certain competitors' "negligence." Mensch emphasized the need for systems that can constrain AI agents, adding that the company's next-generation model will significantly narrow the gap with American AI labs.

Spot gold rose $50 intraday on September 29, reaching $4,164.34 per ounce with a gain of 1.22%.

According to PANews, Sharplink received 406 ETH in staking rewards this week (September 29), bringing its cumulative staking earnings to 28,351 ETH.

On September 29, U.S. 30-year Treasury yields reached 5.587%, marking the highest level since May 2004.

According to media reports, the United States imposed an import ban on select Canadian goods effective as of early morning September 29, targeting products including alcoholic beverages, dairy products, and motorcycles. The ban is estimated to affect approximately $967 million in Canadian exports to the U.S. The action represents the latest escalation in trade measures by the Trump administration against Canada, as bilateral annual trade between the two countries stands at around $880 billion.