Gate Crypto Flash News and Market Updates

According to Revolut, the fintech company received conditional approval on Thursday from the U.S. Office of the Comptroller of the Currency to form a national bank and directly offer banking products including loans, stablecoins, and credit cards to U.S. customers. CEO Nik Storonsky said the approval is "an important first step" that "gives us the foundation to build in the world's largest financial market and bring the full Revolut experience to millions of Americans."

Russia's oil exports generated $13.8 billion in July 2026, marking the lowest monthly figure in half a year and a $2 billion drop from June, driven by Ukrainian drone and missile strikes on Russian refineries and declining global crude prices. The decline reflects mounting pressure on Moscow's budget, with combined oil and gas revenues for the first seven months of 2026 totaling RUB 4.59 trillion, down 16.8% compared to the same period in 2025. Russia's cumulative budget deficit through July rea

Cardano's Constitutional Committee received on-chain ratification around September 1, 2026, with four newly elected members approved to ensure the network can execute critical governance decisions during upcoming protocol upgrades. The "Update Constitutional Committee 2026" governance action cleared its voting thresholds: Delegated Representatives approved at 69.36%, edging past the 67% requirement, while Stake Pool Operators came in at 51.18%, barely above the 51% threshold. The newly seated me

Nvidia announced in late August 2026 that it is acquiring Hugging Face, an open-source AI model platform, for approximately $13 billion. The acquisition represents roughly 0.24% of Nvidia's market capitalization and grants the company control over a major developer ecosystem in artificial intelligence, as the chipmaker expands beyond hardware into software infrastructure. The deal comes as Nvidia's market value reached approximately $5.5 trillion in early September 2026, making it the world's mo

According to Decrypt and SoSoValue, on Wednesday (September 3), spot Ethereum ETFs posted $48.08 million in net outflows, ending a 12-day inflow streak that had gathered $1.62 billion. Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session run that had brought in roughly $170 million, with cumulative inflows now at $1.68 billion. Bitcoin ETFs rebounded with $101.15 million in net inflows, reversing Tuesday's $236.5 million outflow—the largest single-day exit since July 31. Black

According to Reuters, on Thursday (Sept. 3), U.S. equity indexes advanced as Treasury yields retreated following dovish signals from Federal Reserve Governor Christopher Waller. The S&P 500 rose roughly 0.5%, the Dow Jones climbed about 0.7%, and the Nasdaq Composite gained 0.6%. Waller said he could support leaving rates unchanged at the Fed's Sept. 15-16 meeting if inflation data shows price pressures cooling. The 10-year Treasury yield eased to approximately 4.75%, supporting technology and g

According to market sources, U.S. Secretary of State Rubio will visit Colombia next week.

According to Stand With Crypto, the organization is urging community engagement ahead of the CLARITY Act cloture vote scheduled for September 15, 2026. The CLARITY Act aims to establish clearer regulatory frameworks for stablecoins.

U.S. Vice President J.D. Vance stated recently that the United States will not negotiate with Iran unless Tehran stops attacking commercial vessels. Vance emphasized that U.S. military presence near the Strait of Hormuz aims to ensure the uninterrupted transit of oil and natural gas, preventing a "catastrophic global energy crisis." The Vice President added that the U.S. currently has no dialogue with Iran and will not resume negotiations unless Iran ceases attacks on commercial shipping.

According to Herald Economics, U.S. 10-year Treasury yields hit 4.821% on September 2, marking the highest level since November 2023 and approaching the 5% threshold. Market participants now expect yields to test above 5% in the near term. The surge is accompanied by WTI crude oil breaking through $90 per barrel, driven by escalating U.S.-Iran tensions in the Middle East. Analysts at NH Investment & Securities noted that unlike the rapid stabilization seen in 2023, current rate pressures are anc

Michael Selig was confirmed by the U.S. Senate and sworn in as Commodity Futures Trading Commission (CFTC) chairman on December 18 and December 22, 2025, respectively. In recent remarks, Selig declared that the Trump administration is working to develop the "new frontier of finance" in the United States, signaling a regulatory pivot toward a more investment-friendly approach compared to the enforcement-heavy stance of prior years. Selig is leading Project Crypto, an initiative designed to harmon

According to recent reports, 137 Ventures' 2014 vintage fund, which closed at $137 million, is now valued at more than $1.1 billion, representing an over 8x return on the original investment. The primary driver of this performance is SpaceX, which went public in June 2026 at a valuation of approximately $1.77 trillion. 137 Ventures began acquiring SpaceX shares in 2011 and maintained its position through the company's IPO. By the time SpaceX listed, the firm held more than 1% equity in the compa

SoftBank announced on December 29 the acquisition of DigitalBridge Group for approximately $4 billion, valuing the asset manager at $16 per share, a 15% premium over pre-announcement trading levels. The deal is expected to close in the second half of 2026, pending regulatory approval. DigitalBridge will operate as a standalone entity with CEO Marc Ganzi remaining in charge. Ganzi, whose firm manages roughly $108 billion in digital infrastructure assets, warned that the current AI infrastructure

Decibel, a decentralized exchange for spot and perpetual trading on Aptos, has integrated BitGo's self-custody wallets to provide institutional investors direct access to onchain markets. The integration uses WalletConnect protocol, allowing BitGo clients to trade on Decibel without moving assets from their existing wallets. Initial support covers Ethereum and Solana, with additional networks planned. BitGo said existing institutional controls, including address whitelisting and multi-party appr

According to Hugh Pill, chief economist at the Bank of England, the central bank should raise its base rate to 4% from the current 3.75%, he said today at an Edinburgh Chamber of Commerce roundtable. Pill characterized the increase as a signal to counter upside inflation risks amid geopolitical and economic uncertainty. He emphasized the move need not signal the start of prolonged aggressive rate hikes. Following his remarks, the pound-dollar exchange rate extended gains to 1.35405, up approxima

According to a recent tweet from Strike, the Bitcoin payment solutions company urged investors to buy Bitcoin regardless of whether prices are rising or falling. Strike's message emphasizes the inevitability of continued money printing and inflationary pressures, positioning Bitcoin as a hedge against economic uncertainty. The company's perspective suggests a shift toward longer-term cryptocurrency investment strategies despite current market volatility.

U.S. Vice President Vance stated yesterday that approximately 15 million barrels of oil passed through the Strait of Hormuz on September 2.

According to Oppenheimer, SpaceX (NASDAQ: SPCX) surged 7.6% on September 3 to trade near $151, its highest level in three months, after analyst Timothy Horan raised his price target on the stock to $280 from $250 and maintained a Buy rating. Horan cited SpaceX's positioning in the near-term computing-power shortage through its orbital-compute and AI infrastructure, aligning with a broader market re-rating of the company as an AI-infrastructure play rather than a launch company alone. The single-

According to ChainCatcher, on September 2, the Wyoming Stable Coin Committee adopted Chainlink Proof of Reserve as the exclusive on-chain reserve verification layer for Frontier stablecoin (FRNT). According to CoinGecko data, FRNT has a total supply of 967,900 tokens trading at approximately $0.99884, representing just 0.2% of the state committee's baseline scenario estimate of 508.7 million tokens. Daily trading volume stands at $160, occurring entirely on Kraken. The Proof of Reserve Secure Mi

Spot palladium surged 6.00% intraday on September 3, trading at $1427.25 per ounce.