Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
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XRP Ledger AMM Amendment Reaches 80% Validator Consensus, Activates Holding Period

According to XRP Ledger, the network's Automated Market Maker (AMM) amendment has reached 80% validator consensus, initiating the required activation window for native AMM functionality. The amendment does not become fully active immediately; it begins a holding period during which validator support must remain sufficient for enablement to proceed, per the platform's governance design. The native AMM capability would enable users to trade through liquidity pools rather than traditional order boo
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XRP5.92%
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Nvidia Sees 70% FY28 Revenue Growth Guidance Supply-Constrained, Inference Now Largest Data Center Segment

According to JPMorgan Chase's September 2 investor call notes, Nvidia issued FY28 revenue guidance of 70% growth, constrained by supply rather than demand. If supply were sufficient, the company could achieve over 100% growth. Inference has become the largest and expanding segment of data center operations. Eighteen months ago, inference and training were roughly evenly split; inference now exceeds training and will continue rising. New cloud startups account for over 50% of AI infrastructure de
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DeepSeek Investment Channels Charge Up to 18% Front-End and 35% Back-End Fees

According to Caijing, intermediary channels offering DeepSeek investment stakes are charging investors 18% front-end fees and 35% back-end profit-sharing arrangements. For example, an investor committing 100 million yuan would initially pay 18 million yuan in fees, then surrender 35% of future returns. Despite accepting these high charges, investors are not guaranteed to receive fund shares. DeepSeek conducts identity verification on all participating investors and their limited partners. Invest
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SK Hynix Denies Plans to Redeem MMF Investments Next Week

According to market participants and bond market reports on September 4, rumors circulated that SK Hynix planned to redeem investments from money market funds (MMFs) next week. The speculation triggered volatility in South Korea's bond market, as some observers believed redeemed funds could flow back into bond investments. However, SK Hynix denied the claims, stating it has no plans to redeem MMF investments or reinvest the proceeds in bonds. The company emphasized it has not informed any fund m
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Only 12% of S&P 500 Firms Quantify AI Value Despite 50% Claiming AI Adoption, Barclays Says

According to Barclays strategist Venu Krishna, via Yahoo Finance on September 3, roughly half of S&P 500 companies mentioned artificial intelligence in recent earnings calls, but only 12% provided concrete figures quantifying the value created by AI. The gap highlights a disconnect between corporate desire to appear AI-enabled and actual deployment capability. Meta reported an 8.3% increase in Facebook ad clicks and 15.7% conversion rate improvement through AI tools, while Chewy set a target to
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Prediction Market Flags Iran Diplomacy Risk as U.S. Talks Drop to 8.5% Probability

According to a human rights activist, Iran is prioritizing conflict with the United States over pursuing peace as a strategy to distract from internal unrest, amid ongoing hostilities that began in February 2026. The activist's warning suggests Tehran may be using external military actions to manage domestic dissent, with no immediate signs of de-escalation. Prediction markets are pricing in diminished prospects for diplomatic talks. The probability of U.S.-Iran negotiations occurring by Septemb
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SNOW, DELL, TEAM Hit 52-Week Highs on Thursday Amid AI Surge; SNOW Jumps 16% to $384.56

On Thursday, Snowflake (SNOW), Dell (DELL), and Atlassian (TEAM) stocks each reached 52-week highs as enterprise AI adoption accelerates. SNOW surged 16% to $384.56, DELL climbed over 4% to a record $530.78, and TEAM gained over 4% to $198.60. Goldman Sachs and Raymond James raised SNOW's price target to $436 and $425 respectively, citing stronger enterprise AI use. Dell's strong Q2 earnings—with revenue up 58% year-on-year to $46.97 billion and AI server orders totaling $60.9 billion—drove its
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Bitcoin Liquidates $58M in Crypto Shorts Within One Hour on September 3

According to CoinGlass data, roughly $58.2 million in crypto short positions were liquidated in a single 60-minute window on September 3, with Bitcoin accounting for $47.5 million of the liquidations. Bitcoin short positions represented approximately 82% of total crypto liquidations during that hour. The forced buybacks triggered by margin calls pushed prices higher, creating a cascading squeeze effect that caught additional leveraged traders off-guard.
BTC3.97%
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Coinbase Files Request for US Equity Perpetual Futures Trading with Up to 20x Leverage on August 25

On August 25, Coinbase filed a comment letter with the CFTC and SEC seeking regulatory approval for US retail investors to trade equity perpetual derivatives—synthetic contracts that track stock prices, never expire, and enable 24/7 trading with leverage. The filing targets a regulatory gap by proposing these products be classified as "security futures," an existing but underutilized category in US law. Coinbase currently offers equity perpetual futures to international customers with up to 20x
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ProCap Financial Sells 50 BTC for Share Buyback at 40% NAV Discount

ProCap Financial (Nasdaq: BRR) sold 50 Bitcoin on September 4 to repurchase over 2% of its outstanding shares at roughly a 40% discount to net asset value. The company now holds approximately 5,305 BTC, positioning it as one of the largest publicly traded Bitcoin treasury firms. The buyback was executed under a $100 million board-approved repurchase program authorized in December 2025.
BTC3.97%
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US Missile Strike on Iran Wedding Kills 4, Injures 68 on September 1, Vance Confirms Centcom Probe

According to VP Vance, a US missile allegedly struck a residential home during a wedding celebration in Iran's Hormozgan province on September 1, killing at least four people, including two children aged 4 and 16, and injuring 67 to 68 others. The strike reportedly occurred in the village of Kuhestak. Vance confirmed that US Central Command is investigating the incident but cast doubt on Iranian media reports, reiterating that the US military does not target civilians. Cmdr. Tim Hawkins, a Centc
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Kurumada Masami's Companies Sue Former Executives for Alleged 4.6 Billion Yen Misappropriation to Crypto Assets

According to Sankei Shimbun, the copyright and merchandise management companies represented by Saint Seiya creator Kurumada Masami filed suit against former executives at Tokyo District Court, alleging unauthorized transfers of approximately 4.6 billion yen between 2018 and 2024. The plaintiffs claim the misappropriated funds were used for cryptocurrency investments and other purposes. After deducting approximately 1.8 billion yen already returned, the companies are seeking damages of approximat
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Oddpool to Join Kalshi as Prediction Market Data Layer

According to Foresight News, Oddpool, a prediction market data layer incubated by Y Combinator, will join Kalshi. The platform stated that the collaboration aims to build data infrastructure from within the ecosystem to serve institutions, economists, policymakers, and businesses, leveraging prediction market price signals to support decision-making.
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Zcash Surges to $979 on Sept. 3, Hashrate Hits 91% of ATH as Mining Profits Spike to $59/Day

According to Bitcoin.com News, on Sept. 3, Zcash (ZEC) surged to $979, marking an 88.1% gain over the past 30 days and a nearly 17% jump in a single day. The price surge has driven mining activity to peak levels, with the network's hashrate reaching 27.87 GSol/s—91% of its all-time high—as of press time on Sept. 3. Bitmain's Z15 Pro ASIC miner, the most profitable ZEC mining rig on the market, is estimated to generate $59.09 per day at current prices, according to asicminervalue.com data. Howeve
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Nvidia Acquires Hugging Face for $13 Billion, Three French Co-Founders Become Billionaires

According to Bloomberg, Nvidia acquired AI platform Hugging Face for approximately $13 billion, making three French co-founders—Clément Delangue (38), Julien Chaumond (42), and Thomas Wolf (41)—each valued at $1.8 billion and first-time members of the Bloomberg Billionaires Index. The transaction is expected to close in the first half of 2027. Under a six-year retention agreement, the three co-founders will remain with the company. Nvidia committed that Hugging Face will continue operating as an
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