Gate Crypto Flash News and Market Updates

According to Shanghai Gold Exchange data, on September 8 evening session, gold T+D rose 0.04% to 950.8 yuan per gram, while silver T+D fell 0.58% to 16,100 yuan per kilogram.

According to Herald Economics, South Korea's KOSPI index has rebounded after a steep 38.6% decline, with individual investors facing significant losses from positions accumulated near recent highs. KB Securities' analysis report noted that current memory semiconductor earnings dynamics resemble Nvidia's 2024-2025 trajectory, where profit absolute values continued growing despite slowing growth rates. The report highlighted that while Korean semiconductor sector profit margins are expected to rem

According to Visa, the company's annualized stablecoin settlement volume surpassed $20 billion in its second quarter, marking a year-over-year increase of over 15 times. During the quarter, more than 160 stablecoin-linked credit card programs launched globally, with payment volumes rising nearly 200% compared to the prior year period.

According to Foresight News, Bitget has launched BYD stock perpetual contracts, settling in USDT with support for up to 20x leverage and 24/7 trading. The contracts are among 306 stock contract instruments now available on the platform.

According to ChainCatcher, three major crypto exchanges operating in Brazil have adjusted their business operations as the Central Bank of Brazil enforces its virtual asset service provider (PSAV) authorization system. Digitra has halted trading services and decided against applying for PSAV authorization, effectively exiting the market. Coinext announced it would orderly wind down its crypto trading operations due to failure to meet minimum capital requirements. Bitso transferred its Brazilian

BonkGuy's follower-tracked fomo account surged past 600,000 followers, but its profit fell below $15 million, according to recent data. The account experienced a $2.5 million drawdown in the past 24 hours, marking a significant reversal amid rapid user growth.

According to Reuters, Google announced adjustments to its European search results on September 8 to comply with the EU's Digital Markets Act (DMA) following a €460 million fine imposed in July. A Google executive told Reuters this represents the most significant downgrade in Google Search's 29-year history. The company warned the changes will reduce service quality, increase costs for European businesses, and make it harder for users to find information. Under the new requirements, professional

According to PPP's market prediction tool, the probability that LAPTOP's fully diluted valuation (FDV) will exceed $100 million one day after launch on Polymarket has climbed to 77%, up 27% in the past 24 hours. The probability of FDV exceeding $50 million rose to 87%, up 37% in 24 hours. LAPTOP, a meme coin themed around Hunter Biden's "laptop" incident, is set to launch on Coinbase's Base network on September 9, according to The Wall Street Journal.

According to Odaily, Circle (USDC issuer) became Chelsea FC's main shirt sponsor for the 2026-27 season. The exact sponsorship amount was not disclosed. The move has raised concerns among Hong Kong fans and retailers regarding potential violations of the city's regulations on unauthorized stablecoin promotion. Hong Kong's Financial Secretary clarified that unauthorized stablecoin marketing is prohibited, and whether an action constitutes active promotion depends on specific circumstances, includ

According to market reports, bitcoin treasury company Strategy disclosed that its U.S. dollar reserves and cash holdings declined to $6.538 billion, a decrease of $176 million from the previous level.

According to Saxo Bank analysts, on Tuesday morning the Japanese yen reached 152.89 against the U.S. dollar, a six-month high, before retracing some gains. The analysts noted this is the most sustained yen rally in over a year, now in its fifth consecutive day. The dollar is approaching its yearly low of 152.10, with less than a week remaining until potential breakout above 160.00 levels.

According to TradingBeats, Garrett Jin, a proxy of whale "1011 Insider," further reduced his ZEC short position on September 8, closing approximately 7,000 ZEC contracts. His 3x leveraged ZEC holdings have dropped to 32,759.57 ZEC with an average entry price of $576.2998, incurring an unrealized loss of $19.04 million.

According to ChainCatcher, Garrett Jin, the proxy of the "1011 insider whale," just reduced his ZEC short position by closing out approximately 7,000 ZEC. His remaining 3x leveraged ZEC position stands at 32,759.57 ZEC, valued at approximately $38.26 million, with a current floating loss of $19.32 million.

According to ING's survey data reported by Jin10 on September 8, European retail investors prefer domestic investments despite pessimism about the region's economic outlook. The survey found that 38% of respondents favor investing in Europe, compared to just 14% who prefer U.S. investments. ING's chief economist Marieke Blom noted that despite negative sentiment surrounding Europe's economic prospects, a significant portion of Europeans prefer deploying capital domestically. The Stoxx Europe 600

According to Guru Club, Morgan Stanley and Goldman Sachs recently lobbied credit rating agencies on behalf of OpenAI and Anthropic, seeking investment-grade ratings immediately following their initial public offerings. The move aims to reduce financing costs and support AI infrastructure expansion plans. However, rating agencies have adopted a cautious stance toward the proposal.

According to Caifuanshequan (财联社), Quantinuum received $100 million in research and development grants from the U.S. Department of Commerce on September 8. The funding will support domestic manufacturing of trapped-ion quantum computing chips and systems.

According to Iranian media reports on September 8, a commander from the Mobilization of the Deprived militia organization was killed in a terrorist attack in Lask. Iranian security forces are pursuing the perpetrators.