Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
11:02
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Dormant Address 0xc1e7 Resumes Trading After 11 Months, Builds 90,940 VVV Position as Token Surges 56% Overnight

According to BlockBeats, address 0xc1e7 resumed leveraged cryptocurrency trading on September 8 after an 11-month hiatus, depositing approximately 678,500 USDC and immediately deploying funds to VVV. The address opened its first long position at $18.86, then rapidly built a 90,940-token position at an average price of $19.39 using 3x leverage, completing the buildup by 22:33. VVV surged to $29.45 on Hyperliquid by September 9, representing a 56.13% gain from the address's initial entry price. Th
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11:00
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SK Hynix Says No Decision Yet on Chongqing Factory Stake Sale, Worth $2.9B

SK Hynix said on September 9 it has not yet decided on selling a stake in its Chongqing packaging factory, despite reports valuing a potential transaction at approximately 4 trillion won (about $2.9 billion). The company, which reaffirmed its position one month after an initial announcement in August, is exploring multiple measures to enhance its packaging business competitiveness. SK Hynix said it will disclose further updates if any decision is reached, or provide another update by December 8
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10:59
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Panama-Flagged Tanker Hit by Drone Strike in Iraqi Waters on September 9, Catches Fire

According to Iraq security and maritime sources, on September 9, a foreign tanker flying a Panama flag was struck by a drone attack in Iraqi territorial waters during a ship-to-ship cargo transfer operation. The strike directly hit the vessel, causing it to catch fire with partial hull damage. The tanker was carrying crude oil at the time of the attack. No personnel casualties were reported. Emergency response teams and maritime patrol forces initiated emergency measures to secure the tanker and
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10:58
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Morgan Stanley, Goldman Sachs Push OpenAI, Anthropic for Investment-Grade Ratings Ahead of IPO

According to Beating AI, Morgan Stanley and Goldman Sachs are currently in talks with credit rating agencies to help OpenAI and Anthropic secure investment-grade ratings following their IPOs. Investment-grade status would lower borrowing costs and enable institutional investors such as pension funds and insurance companies to more easily purchase their debt securities. However, rating agencies remain cautious. Financial Times cited analysts saying OpenAI and Anthropic are still viewed as having
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10:56
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Copper Hits Record $14,779 per Ton on Sept 8, Up 47% in Past Year

According to Bloomberg, London Metal Exchange (LME) copper 3-month futures hit a record high of $14,779 per ton on Sept 8, with the contract gaining 47% over the past year. The surge was driven by sustained demand from artificial intelligence data center construction and power grid expansion, compounded by supply pressures from Chilean mining disruptions and uncertainty over potential U.S. tariffs on refined copper imports.
10:55
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Bitcoin Thief Pleaded Guilty to $245M Theft via Social Engineering

According to court proceedings before U.S. District Judge Colleen Kollar-Kotelly, Malone Lam, a 22-year-old Singaporean, pleaded guilty to participating in a RICO conspiracy tied to the theft and laundering of more than $245 million in Bitcoin and cryptocurrency. He faces a maximum sentence of 20 years. The August 2024 theft involved over 4,100 Bitcoin stolen from a Washington-area victim through social engineering—not protocol exploits. Prosecutors allege co-conspirators impersonated Google and
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BTC0.44%
10:55
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3.8-Magnitude Earthquake Strikes Henan Province on September 9

According to China Earthquake Networks Center, a 3.8-magnitude earthquake occurred near Jiyuan, Henan Province at 18:51 on September 9. The epicenter was located at coordinates 35.06 degrees north latitude and 112.24 degrees east longitude. The automated measurement is preliminary; the official report will follow.
10:49
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OpenAI Slashes GPT-5.6 Luna Price 80% in July, Usage Surges 10x; Anthropic Cuts Fable Cache Costs 75%

According to OpenAI CFO Sarah Friar, GPT-5.6 Luna's usage increased 10-fold following an 80% price cut in late July. Luna API pricing now stands at $0.20 per million input tokens and $1.20 per million output tokens. By mid-August, Luna's token usage on OpenRouter exceeded the combined volume of Anthropic Opus 5 and Sonnet 5 by more than double, aided partly by an additional 50% discount OpenAI offered through OpenRouter. Anthropic responded by cutting cache-read costs by 75% for its newly releas
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10:47
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Hyperliquid User's Account Compromised, 738,600 USDC Stolen Overnight

According to ChainCatcher, a Hyperliquid user's account was compromised yesterday, with approximately 738,600 USDC stolen and 10,287 HYPE tokens unstaked. Part of the stolen funds flowed to addresses associated with Bitget. At the time of reporting, the 10,287 HYPE remained in the staking balance and had not entered the withdrawal queue. If the attacker initiates further withdrawals, the assets will be transferred after a seven-day waiting period.
HYPE2.96%
10:46
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Alibaba Denies Report of Dingding Founder Wu Zhao Returning to Qianwen Office

According to Alibaba's statement, the company denied recent media reports claiming that Dingding founder Chen Hang (Wu Zhao) has rejoined Alibaba and was assigned to the Qianwen Office business unit. Alibaba confirmed that Wu Zhao has not returned to Qianwen Office. In June 2026, Alibaba announced management changes at Dingding, with Chen Hang stepping down as CEO and Chen Yusen taking over the role. Both Dingding and Qianwen Office now operate under the Qianwen Office business unit.