Gate Crypto Flash News and Market Updates

On Wednesday (Sept 9), spot gold rose 1.02% to $4,400.29 per ounce, while spot silver surged 2.30% to $67.27 per ounce. COMEX copper futures gained 0.45% to $6.85 per pound. The Philadelphia Gold & Silver Index closed up 1.10% at 411.74 points.

Former Federal Reserve Chair Janet Yellen and nearly 50 economists argued to an appeals court that President Trump improperly invoked the "balance of payments" provision to justify tariffs imposed earlier this year. The economists warned that accepting the government's legal rationale would grant the president excessive power over trade policy.

According to CNBC's Squawk Box interview on Sept. 9, Robinhood CEO Vlad Tenev defended the company's AMC stock tokens, arguing that third-party firms can issue tokenized securities referencing public company shares without automatic issuer consent. Tenev stated: "Issuers should control the rights of the stock they issue, but that doesn't mean they control everything about it. In particular, they don't control other companies issuing their own securities that reference those shares." The tokens a

According to Bloomberg, as U.S. Treasury yields hit multi-year highs amid inflation concerns and fiscal deficits, traders are hedging against further rate increases through options purchases. In response, dealers counterparty to these positions are being forced to unwind derivatives risk through futures sales and swap entries, a dynamic that could amplify yield and swap rate volatility in the market.

On Tuesday (September 8), Corning and Verizon announced a multibillion-dollar, multi-year supply agreement under which Corning will provide over 80 million miles of high-density optical fiber and connectivity solutions from 2027 through 2032. The agreement supports Verizon's broadband expansion and AI long-distance backbone network deployment. Corning shares rose more than 7 percent overnight on the news.

According to the Wall Street Journal, Energy Transfer (ET.US) plans to move its listing from its current exchange to a Texas-based exchange as early as October 2026.

According to Reuters, U.S. stocks fell on Wednesday, September 9, amid escalating U.S.-Canada trade tensions and growing market expectations of a Federal Reserve rate increase. The S&P 500 opened down 0.17% at 7,660.68, the Dow down 0.15% at 52,707.9, and the Nasdaq down 0.36% at 26,325.06. President Trump signed five proclamations imposing new import restrictions on Canadian products, scheduled to take effect September 15 and 29. CME FedWatch data shows traders assigning 60.2% probability to a

According to ChainCatcher, Zora co-founder Dee Goens assumed the role of CEO on Wednesday, replacing co-founder Jacob Horne who held the position for over six years. Horne is leaving the company to pursue new opportunities but will remain connected to crypto, Goens stated. Zora has undergone staff reductions, trimming its team to fewer than 10 people, and shifted toward AI-agent-driven operations. The company has pivoted its focus from the Creator Coins model launched on Base last June to suppor

According to the American Petroleum Institute (API), U.S. crude oil inventory at Cushing declined 3.31 million barrels for the week ended September 4, compared with a build of 1.5 million barrels in the prior week.

U.S. crude product imports for the week ending September 4 totaled negative 5.9 thousand barrels per day, according to the American Petroleum Institute (API) weekly report. This represents an improvement from the prior week's negative 22.6 thousand barrels per day.

US heating oil inventories increased by 405,000 barrels in the week ended September 4, compared with a decrease of 350,000 barrels in the prior week.

U.S. API gasoline inventories fell 1.867 million barrels for the week ending September 4, exceeding the forecast decline of 1.758 million barrels. The prior week had seen an increase of 348,000 barrels.

U.S. crude oil imports rose to 406,000 barrels in the week ending September 4, up from 242,000 barrels the previous week, according to weekly API data.

According to API data, U.S. crude oil inventories fell 327,000 barrels for the week ended September 4, falling short of expectations for a 1.336 million barrel decline, compared to a 2.593 million barrel drop the prior week.

According to the American Petroleum Institute (API), U.S. crude oil inventories declined 300,000 barrels last week.

According to the U.S. Treasury, on September 9, the department purchased the full $12.5 billion target in a cash management buyback auction for Treasury securities with maturities ranging from one month to two years. The auction received $28.027 billion in bids, with a bid-to-cover ratio of 2.24x.

According to CCTV International, China's permanent representative to the International Atomic Energy Agency Ambassador Li Song stated on September 9 that political and diplomatic solutions are the way out for Iran's nuclear issue. Li pointed out that since June last year, military strikes by the United States and Israel on Iran's peaceful nuclear facilities under IAEA safeguards have created serious obstacles to cooperation between Iran and the agency, dealt a severe blow to the Non-Proliferatio

According to ChainCatcher, Strive VP Joe Burnett reported on X today that Trezor and BitBox's email infrastructure has been allegedly compromised.

According to Terence Tao, the UCLA mathematician widely considered the best living pure mathematician, AI is draining the field's supply of valuable open problems faster than researchers can identify new ones. Tao posted the warning on Mastodon yesterday, arguing that while AI can generate quick solutions, it threatens the long-term health of mathematics by depleting the ecosystem for future breakthroughs. Tao's concern follows recent precedent: in May, OpenAI's model disproved the Erdős unit-di

According to MessariCrypto, Raydium's buybacks have reached their highest levels since February 2025, suggesting resilience in market activity. The surge reflects renewed investor interest in the decentralized exchange platform within the Solana ecosystem.