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
05:51

Brazilian Pro-Bitcoin Presidential Candidate's Campaign Funds Frozen, 16 Social Accounts Restricted on Sept 1

According to BeInCrypto, on September 1, Brazilian presidential candidate Renan Santos had 3.3 million reais (approximately $600,000) in campaign funds frozen and 16 social media accounts restricted. The decision came weeks after Santos publicly supported establishing a national bitcoin reserve. His candidacy remains intact, but his online reach and funding have been significantly impacted.
BTC1.28%
05:49

Single-Stock Leverage ETF Trading Volume Plummets 91% as South Korea's Policy Chief Resigns on September 1

According to The Fact, South Korea's presidential chief of policy Kim Yong-beom resigned on September 1, with President Lee Jae-myung accepting his resignation on the same day. While the official reason was not disclosed, the resignation comes amid intense scrutiny over the single-stock leverage ETF market collapse. Data from the financial investment sector showed that average daily trading volume for 16 Samsung Electronics and SK Hynix leverage and inverse ETFs dropped to 1.006 trillion won in
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05:49

SK On Signs 9GWh Battery Supply Deal with NeoVolta Power; SK Innovation Shares Surge 7.49% to 52-Week High

According to Money Today, SK On, a subsidiary of SK Innovation, signed a battery supply contract with U.S. energy storage manufacturer NeoVolta Power on August 27. Under the agreement, SK On will supply 9GWh of lithium iron phosphate (LFP) pouch battery cells from 2027 to 2031, with the deal valued at approximately 1.5 trillion Korean won. SK Innovation shares surged 7.49% to 134,900 Korean won on September 1, reaching a 52-week high. The stock has risen for four consecutive trading days, driven
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05:49

Top-Performing Traders Net-Buy LS Stock, Samsung SDI, LG Electronics on Sept 1

According to Mirae Asset Securities, the top 1% performing traders on the platform net-bought LS stock, Samsung SDI, and LG Electronics on September 1 through 11 a.m. LS stock declined 2% to around 300,000 KRW, down from a May peak of 604,000 KRW. Samsung SDI, up 60% over the past month, benefited from expectations around Samsung Display asset sales and a potential General Motors joint venture. LG Electronics, which surged 7% the previous day, retreated 5% today amid investor focus on its AI pla
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05:43

U.S. Prioritizes Keeping Strait of Hormuz Open for Commercial Shipping, Vance Says on September 1

According to Vice President JD Vance in an interview with Fox News on September 1, the United States' current focus in its operations against Iran is ensuring that commercial activity can freely transit the Strait of Hormuz. Vance stated that a U.S. military strike on Larrak Island on Sunday aimed to prevent Iran from laying mines in the strategic waterway. The vice president criticized Iran's leadership for attempting to block oil and natural gas exports, calling the approach lacking in strateg
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05:42

BitMine Buys 53,501 ETH in 65th Consecutive Weekly Purchase, Nears 4.9% of Supply

According to BitMine's official disclosure filed with the SEC on Monday, the company bought 53,501 Ether in the week to August 30, marking its 65th consecutive weekly purchase since the program began on June 30, 2025. BitMine's total ETH holdings now stand at 5,901,112, representing 4.9% of the 120.7 million ETH total supply. Combined crypto, cash, and marketable securities totaled US$15.6 billion, with 5,067,309 ETH staked at a 2.67% seven-day annualized yield through its validator network.
ETH1.67%
05:42

George Santos Fires Back at Kalshi's Lifetime Ban, Citing CFTC Cooperation Ruling

Kalshi's Compliance Department permanently banned George Santos on Aug. 28, imposing a $71,356 penalty for six rule violations on the prediction market platform. The platform found Santos profited $17,839.57 through prohibited trading. The ban is Kalshi's first lifetime suspension in company history, according to a statement from the platform. However, the Commodity Futures Trading Commission reached a different conclusion. In its July 31 order, the CFTC recognized Santos's cooperation in its in
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05:41

Arrow Finance Integrates Rialto Swap API for On-Platform Token Swaps

According to Foresight News, Arrow Finance, a DeFi protocol in the Robinhood ecosystem, recently announced the integration of Rialto's Swap API. The integration allows users to exchange tokenized stocks and other assets directly on the Arrow Finance platform without leaving the application, while simultaneously participating in Arrow's DeFi strategies.
05:40

TSMC and AMD Unveil Next-Generation Water-Cooling Solutions with TIM-Less Packaging at SEMICON

At SEMICON today, TSMC and AMD unveiled next-generation water-cooling technologies featuring integrated water-cooling plates without thermal interface materials (TIM-less), aimed at addressing heat dissipation challenges in high-power AI chips. AMD introduced a Lidless Package design reducing thermal resistance, while TSMC's approach aims to achieve direct contact between water-cooling plates and chips, eliminating multiple thermal layers. Industry sources report that Apacer, QC, Jeston, and Hun
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05:39

Aluminum Prices Rally to 24,300 Yuan/Ton as U.S. Fiscal Outlook Improves, AI Demand Supports

According to Jin10, aluminum prices rose amid improved market sentiment on September 1, driven by U.S. Treasury expansion of long-term debt buybacks and Nvidia's stronger-than-expected Q2 earnings boosting AI infrastructure investment. On the fundamentals side, downstream demand eased slightly, but aluminum plate, foil, and extrusion demand remained stable. Aluminum exports and recycled material consumption stayed robust. Prices are expected to oscillate between 23,800 and 24,300 yuan per ton, w
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05:37

Tesla Stock Surges 18% in August, Outperforms Chinese EV Rivals Ahead of Sept 3 Cybercab Event

According to Koyfin, Tesla stock surged 18% in August, significantly outperforming major competitors. Rivian gained 5.5%, while General Motors, Ford and Stellantis fell 2.9%, 4% and 4.7% respectively. Chinese EV makers declined more sharply: BYD dropped 7.5%, Li Auto fell 11.2%, XPeng slid 12.6%, and Nio declined 13.3%. Wall Street's average 12-month price target for Tesla stands at $390.09, implying 6% upside, with analysts holding an overall 'Buy' consensus. Ahead of Tesla's Sept 3 Cybercab ev
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05:37

South Korea's August Exports Hit $98.25B, Up 68.7% YoY; Semiconductors Account for 47.5%

According to the Ministry of Trade, Industry and Energy, South Korea's exports in August surged 68.7% year-over-year to $98.25 billion. Cumulative exports for the first eight months of 2026 reached approximately $694 billion, surpassing last year's full-year total. The ministry indicated that achieving an annual export target of $1 trillion is now highly feasible, with cumulative trade surplus expected to exceed $300 billion. Semiconductors dominated the export mix, accounting for 47.5% of Augus
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05:37

Meritz Securities Launches MOUM Platform Integrating Stocktwits and Webull on Sept 1

According to Yonhap InfoMax, Meritz Securities officially launched MOUM, a new investment platform, on Sept 1 in Seoul. The platform integrates stock trading, AI analysis, and global communities, connecting to U.S. social investment platforms Stocktwits and Webull to provide real-time reactions from international investors. Users can view foreign investor responses and execute trades directly within the app. MOUM also partnerships with Nasdaq, Morning Star, Benzinga, and Amazon Web Services. The
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05:31

StableStock Launches Korean Stock Trading on Stablecoins, Supports 300+ Securities

According to StableStock's official announcement on September 1, the stablecoin-based global stock investment platform launched Korean stock trading services, allowing users to trade 300+ Korean stocks and ETFs using stablecoins. Supported securities include Samsung Electronics, SK Hynix, Hyundai Motor, NAVER, and Kakao. The platform previously enabled stablecoin access to U.S. and Hong Kong stocks, and now extends this capability to Korean markets, offering real shares for global investors via
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