Gate Crypto Flash News and Market Updates

An engineer at a major tech company posted on X, stating that the team's nearly all engineering work is completed by Claude Code, with employees working 12 to 13 hours daily but only repeatedly submitting generated code. According to the engineer, team members have little time to review generated code or resolve bugs, and management prioritizes speed over quality. The post garnered over 2.42 million views and 22,000 likes on X.

According to Yahoo Finance citing U.S. Energy Information Administration data, U.S. gasoline prices hit a record high of $4.32 per gallon on September 14, marking the highest level for an election cycle since data collection began in 1990. The average price rose approximately 25 cents over the past two weeks, and is now 35% higher than the same period during the 2024 elections when prices were $3.18 per gallon.

According to Jin10, China's CNEX sentiment index reported 46 as of 10:15 on September 21, down 7 points from 08:45. Among market participants, large banks reported 44, mid-tier banks 47, and non-bank institutions 46—each declining 7 points. The index measures liquidity sentiment on a 0-100 scale, with 50 representing equilibrium and readings above 50 indicating tightening conditions.

According to KB Asset Management, on September 21, the company launched a unified homepage integrating fund and exchange-traded fund (ETF) information with enhanced AI-powered search features. The redesigned platform centers on the RISE ETF offering and allows investors to search both product categories simultaneously using a single query. The new site includes conversational AI service 'RISE AI' for product inquiries and market insights, plus an 'AI Summary' function that extracts key informati

According to Yonhapinfomax, foreign investors have been net selling ultra-short-term Korean bonds with maturities of one year or less since July. Net selling reached 4.7 trillion won in July, 3.8 trillion won in August, and 2.5 trillion won through September 18. The shift is driven by declining arbitrage incentives as the Bank of Korea raised rates consecutively in July and August, combined with ample dollar liquidity from increased semiconductor profits, according to KB Kookmin Bank researcher

According to DownDetector, Facebook and Instagram experienced service outages across the United States on Sunday, affecting thousands of users. As of 9:11 p.m. ET, Facebook saw over 17,000 outage reports, while Instagram received more than 5,000 reports, according to data from the network status monitoring website.

According to UBS Wealth Management's Chief Investment Officer Mark Haefele, geopolitical risks are not always bearish for equity markets. In a report sent to clients on September 20, Haefele noted that while geopolitical events such as U.S.-Iran conflict, ongoing Ukraine war, and trade tensions have been major investor concerns over the past year, market recovery has historically been swift. Haefele cited that since the 1941 Pearl Harbor attack, the S&P 500 has risen within 12 months following g

According to Guru Club, U.S. President Donald Trump stated on September 21 that oil prices during Biden's administration were far higher than during his own presidency. Trump also claimed that nearly all other commodity prices followed the same pattern.

According to Politico, European Council President Costa said on September 21 the European Union seeks to establish the closest possible relationship with Canada and is prepared to cooperate in defense and artificial intelligence sectors.

According to Mirae Asset Management, the company will debut the TIGER Physical AI Value Chain ETF on the Korea Exchange on September 22. The fund maintains fixed allocations of 25% each to Hyundai Motor and LG Electronics, with the remaining 50% invested across the broader physical AI supply chain, including robotics manufacturers, component suppliers, sensors, AI software firms, and related companies listed in the U.S. The structure is designed to capture exposure to humanoid robot development

According to Bank of America and other Wall Street forecasters, the U.S. Treasury is expected to issue approximately $1.07 trillion in short-term Treasury bills by September 2027 to manage rising borrowing costs, as reported on September 20 by Reuters. JP Morgan projects issuance at $1.09 trillion, while Goldman Sachs forecasts $961 billion. The surge reflects elevated long-term Treasury yields, with short-term bills expected to comprise 24.3% of the total Treasury market, exceeding the Treasury

According to ChainCatcher via Coinglass data, Hyperliquid whales currently hold $9.441 billion in positions with a long-to-short ratio of 0.91 as of September 21. Long positions total $4.504 billion (47.71%) while short positions reach $4.936 billion (52.29%). A notable whale address (0x5b5d..60) holds a 5x leveraged short position on ETH entered at $2,297.25, currently showing an unrealized loss of $36.4 million.

According to Jin10, China's Vice Premier He Lifeng and U.S. Treasury Secretary Bessent and Trade Representative Kroll held economic and trade talks in New York on September 20. The delegations discussed implementing previous trade consensus, promoting bilateral trade and investment, and held dialogue on artificial intelligence.

According to Jin10, China's State Council Premier Li Qiang will attend the opening ceremony and related activities of the 5th Global Digital Trade Expo on September 23-27 in Hangzhou, Zhejiang Province, and will deliver a speech, according to a statement from the Ministry of Commerce spokesperson He Yadong on September 21.

Trader Garrett Jin closed his ZEC short position after holding for three months, incurring a loss of $36.13 million.

According to Jin10, China's humanoid robot concept stocks rebounded today (September 21), with Meihu shares hitting the daily limit. Mingxin Xuanteng approached the daily limit, while Xiangxin Technology, Fulowa, Hechuan Technology, Wanxiang Qianchao, and Molding Technology gained in tandem.

According to Odaily, Solana founder Toly recently stated on X that Percolator's code remains incomplete and artificial intelligence cannot yet fully assume development responsibilities. Toly noted that while AI excels at design, specification research, and fuzzy testing to find bugs, general artificial intelligence (AGI) remains distant. He suggested that if he were coding full-time himself, the project would likely already be launched, and a shift toward AI-assisted development could improve co

According to Chosun Daily, South Korean internet company Kakao will shut its generative AI chatbot Kanana next month (October 2026) after roughly 1.5 years in beta testing without a full launch. The service, which began closed beta on May 8, 2025, failed to gain traction against ChatGPT and Gemini. Data from IGAWorks showed Kanana's monthly active users plummeted from 69,631 in May 2025 to 10,488 in August 2026. Kakao is shifting its consumer AI focus toward integrating OpenAI technology into co

According to Odaily, Infini App now supports the creation of personal virtual accounts enabling users to deposit and withdraw fiat currencies via bank transfers. USD virtual accounts are provided by Lead Bank, N.A., supporting ACH, Wire, FedNow, and RTP networks, while EUR accounts are provided by Banking Circle S.A., supporting the SEPA network.

According to ChainCatcher, North Korean hacker group WaterPlum impersonated recruiters at crypto, AI, and NFT companies to distribute malware targeting software developers and IT professionals. Between December 2025 and July 2026, the group infected at least 30,000 devices across more than 100 countries and extracted funds or account credentials from over 7,000 crypto wallets, stealing at least $10.7 million.