Gate Crypto Flash News and Market Updates

According to Yonhapinfomax, Federal Reserve Board member Michael Barr said on September 1 (local time) at a banking forum in Washington that if inflation remains at current levels, he is prepared to support interest rate hikes. Barr expressed concern that broad-based price pressures are taking hold as inflation has remained above the Fed's 2% target for nearly 5.5 years. He stated that if data trends show inflation moderating toward the 2% path, the Fed can take more time to assess policy, but i

According to The Block, Cango (CANG) shares dropped 21% on Tuesday after the bitcoin miner reported an $81.6 million net loss in the second quarter of 2026. The NYSE-listed company recorded $50.8 million in total revenue in Q2, down roughly 50% from Q1, as it scaled back mining operations by phasing out older S19 rigs and transitioning to a hosted leasing model. The company's operating hashrate was 27.58 EH/s as of June 30, and it mined 656 bitcoin during the quarter while holding 1,065 BTC wort

According to PANews, on September 1, John Ternus, who just officially became Apple's CEO, joined Weibo and posted his first message: "Hello."

At the G20 Summit, Elon Musk predicted artificial intelligence could add between $20 and $30 trillion to the global economy annually, representing a 20 to 30 percent increase in global GDP. "AI will probably increase the global economy by 20 to 30%, meaning on the order of $20 to $30 trillion per year," Musk said. Musk also forecasted that AI will reach "Stockfish-level" capabilities within 12 to 18 months, becoming capable of handling virtually any digital task that does not require physical re

According to the NYPD, a suspect stabbed Bank of America Vice President Erin Piacenti to death in Times Square on Monday. Piacenti, who worked in Business Selection and Conflict of Interest, died from stab wounds at a hospital. The attack also injured another victim, and the suspect subsequently died.

According to SoSoValue, Ethereum spot ETFs recorded $87.68 million in net inflows on August 31, extending the net inflow streak to 11 consecutive trading days. BlackRock's ETHA led the gains with $59.94 million in daily inflows, bringing its cumulative total to $12.797 billion since launch. The total net asset value of U.S. Ethereum spot ETFs reached $15.614 billion, representing 5.23 percent of Ethereum's total market capitalization.

According to Bloomberg, the U.S. Department of Homeland Security signed a $95 million one-year contract with crypto analytics firm TRM Labs in July to provide cryptocurrency tracking software and data analysis services. The contract aims to support the White House's efforts to combat crypto fraud and cybercrime targeting U.S. citizens. Rival firm Chainalysis has filed a lawsuit against the Trump administration, claiming the procurement process was "arbitrary, capricious, and unreasonable."

According to Reuters, on Tuesday XRP held near $1.38 despite surging Treasury yields and rising expectations for a Federal Reserve rate increase at its September meeting. U.S. spot XRP ETFs attracted $110.49 million during the week ending Aug. 28, marking their strongest weekly inflow of 2026, with cumulative net inflows reaching approximately $1.66 billion. However, the token remained down roughly 6.8% over the past week, creating a notable divergence between record institutional flows and spot

According to ChainCatcher, Japan's 10-year government bond yield climbed to 3% on Tuesday, reaching its highest level since 1996, while the 30-year yield broke through the historic high of 4.18%. The U.S. 10-year yield also surged to 4.78%, marking a multi-year peak. Bitcoin remained in consolidation near $78,000, slightly down from earlier highs near $79,000. The cryptocurrency faces dense resistance between current levels and $86,000, with the $76,000-$82,000 range expected to be a key battleg

According to ChainCatcher and DefiLlama data, Robinhood Chain posted record-breaking revenues of 1.92 million dollars in the past 24 hours, surpassing all other blockchains, while Arbitrum's ARB token surged approximately 30% to around 11 cents, breaking above its June range of 7–10 cents. The Ethereum Layer 2 network, which launched on July 1 and utilizes Arbitrum's technology stack, remitted 175,600 dollars to Arbitrum DAO over the same period under the protocol's revenue-sharing mechanism, wh

Germany's foreign minister announced plans to close the Russian consulate in Bonn and shut down the German House in Moscow in response to the Leipzig attack.

Following Fed Chair Kevin Warsh's Jackson Hole speech on August 31, CME FedWatch on September 1, 2026, signaled a 66.4% probability that the Federal Reserve will increase rates by a quarter-point in September. Warsh stressed that inflation remains elevated and the Fed's focus should remain on prices. Bitcoin declined nearly 1% to $77,778, while U.S. stock indices also retreated, with the Dow falling 374.09 points and gold sliding 2.44% over the previous 24 hours.

According to CoinMarketCap, today Arbitrum (ARB) led gains among top 100 cryptocurrencies by market cap, surging 25.31% to $0.1092. Curve DAO Token (CRV) rose 14.20% to $0.3604, followed by Uniswap (UNI) at 10.44% to $5.72, NEAR Protocol at 7.36% to $2.02, and SPX6900 at 7.17% to $0.5726. On the downside, Venice Token (VVV) declined 5.08% to $16.12, while Mantle (MNT) fell 4.92% to $0.5389, Morpho (MORPHO) dropped 4.25% to $2.54, MemeCore (M) lost 2.67% to $1.05, and UNUS SED LEO (LEO) retreated

According to Bloomberg analyst Eric Balchunas on September 1, iShares Bitcoin Trust (IBIT) received approximately 2%-3% of its inflows from investors migrating Bitcoin from self-custody. Balchunas noted that as IBIT's asset base expands, this self-custody migration share may increase further.

U.S. Treasury Secretary Besen met with Bank of Japan Governor on August 31, according to reporting on the meeting.

According to Bloomberg, Bank of England Monetary Policy Committee member Catherine Mann warned on September 1 that high inflation could be embedded in workers' wage negotiations next year, creating a self-reinforcing price spiral. "My concern is that first-quarter wage negotiations are based on last quarter's inflation levels," Mann said, adding "once inflation gets into next year's wage negotiations, it signals inflation has become embedded in the process—which is what I want to avoid." The cen

According to EU Commission President Ursula von der Leyen, measures related to the Leipzig attack, including additional sanctions, will be prepared by foreign ministers at an upcoming meeting.

European Commission President Ursula von der Leyen will meet with NATO Secretary General Mark Rutte tomorrow (September 2) to discuss the Leipzig attacks, according to her statement.

According to a Tuesday SEC filing, SB Energy, the artificial intelligence data center firm backed by Softbank, Nvidia, and OpenAI, filed for an initial public offering on the Nasdaq under the ticker symbol SBE. The company is looking to raise between $5 billion and $7 billion from the offering and could begin trading as soon as this month, according to reports. For the first half of 2026, SB Energy incurred net losses of roughly $3.2 billion while generating approximately $139 million in revenue

European Commission President Ursula von der Leyen stated today that the EU fully supports Germany in the face of Russian attacks. The declaration underscores the EU's unified stance amid ongoing tensions.