Gate Crypto Flash News and Market Updates

According to AXIOS, Trump hosted Republican House members at a White House dinner on Wednesday evening to address concerns about his trade policies. The discussion centered on increased duty-free beef imports and a potential trade war with Canada, issues that particularly concern lawmakers ahead of midterm elections. Iowa Republican Rep. Zach Nunn stated, "Beef may be on the menu, but it will definitely be on the agenda," while Michigan Republican Rep. Bill Huizenga indicated he plans to raise t

According to a report released by South Korea's Bank of Korea on September 3, the gap between South Korea and China in advanced memory semiconductor production will expand over the next 3 to 5 years. China's semiconductor exports doubled year-over-year in the first seven months of 2026, driven by artificial intelligence adoption, with chip shipments accounting for 37% of South Korea's total exports to China during January-August. South Korea's semiconductor trade surplus with China surged to $11

According to newhedge.io analytics, Bitcoin miners earned $1.008 billion in August as hashprice climbed to $38.86 per petahash per second (a measure of mining efficiency). Transaction fees accounted for $7.1 million of the total. Miners currently hold 1.92 million BTC and maintained relatively stable positions last month despite some outflows exceeding 15,000 BTC in early August.

According to Korean Economic TV, Broadcom raised its full-year AI revenue outlook to $110 billion yesterday, more than double current levels, signaling strong confidence in sustained semiconductor demand. CEO Hock Tan revealed the company is developing third-generation processors for OpenAI with performance comparable to Vera Rubin. The guidance came after initial market disappointment with the chipmaker's next-quarter revenue guidance, but confidence in AI growth drove the earnings call reversa

According to SK Securities analyst Choi Gwan-soon, the firm maintained a buy rating on Lotte Group (004990) on September 3 with a target price of 33,000 KRW, citing improved earnings and attractive valuation. Lotte's first-half revenue rose 1.1% year-over-year to 7.7 trillion Korean won, with operating profit up 9.3% to 175.1 billion won and net income turning positive at 79 billion won. SK Securities highlighted that the stock trades at a 29.5% discount to net asset value (NAV) of 3.384 trillio

On September 2, Equinix announced a partnership with Nvidia that enables customers to run AI inference workloads on Together AI's platform through a new service called Equinix Inference Exchange. The service, set to launch in the first quarter of 2027, will allow customers to access 200 open-source models and optimize their tokenomics, or reduce costs. Equinix CEO Adaire Fox-Martin spoke with Nvidia CEO Jensen Huang at the announcement event in San Francisco. Together AI will serve as the seller

According to regulatory filings, Humax will absorb Humax Holdings on October 19 to prevent the parent company's delisting after its market cap fell to 129 billion won as of September 1. Humax Holdings shareholders approved the merger on August 28, with trading in Humax Holdings shares halting from September 29 to October 18. The company must restore its market cap to at least 200 billion won by October 8 to avoid immediate delisting under South Korea's strengthened listing standards. However, th

According to The Information, Palo Alto Networks has acquired Console for $500 million in cash and stock.

According to BlockBeats, President Trump said on September 3 that the U.S. stock market has not been affected and will continue to rise. Speaking at the White House, Trump stated that the market could potentially be higher than current levels.

Shares of Ultragenyx Pharmaceutical (RARE) plunged 46% after-hours on Wednesday after the company announced its experimental Angelman syndrome drug failed in late-stage testing. The GTX-102 study, called Aspire, enrolled 129 children ages 4 to 17 and did not meet its primary endpoint or key secondary goal, with treated children showing no improvement on cognitive and functioning measures compared to the control group.

According to Korea Exchange, equal-weight ETFs tracking the KOSPI 200 index significantly outperformed market-capitalization weighted counterparts from July 1 to September 1. KODEX 200 equal-weight ETF gained 2.34% during the period, compared to a 22.15% decline for KODEX 200 market-cap weighted, a 25.49 percentage point difference. TIGER 200 equal-weight similarly rose 2.70% versus TIGER 200's 23.10% drop. The gap widened because Samsung Electronics and SK Hynix comprised over 50% of the market

Toyota has postponed the launch of its U.S.-produced all-electric Highlander SUV from the originally planned second half of 2026 to 2027 or later.

Typhoon Saider made its third landfall in Zhangzhou, Fujian Province on September 2, with maximum sustained winds of 9 levels (approximately 75-85 km/h) near its center. The typhoon had previously weakened but re-intensified into a typhoon before reaching land.

According to CNBC, Snowflake (NYSE: SNOW) stock surged 22.30% to $374.04 in after-hours trading on Sept 2, fueled by better-than-expected Q2 results and raised full-year guidance. The cloud data analytics software company reported Q2 revenue of $1.55 billion, up 35% year-over-year and beating market expectations of $1.48 billion. Adjusted EPS came in at $0.62, significantly above the expected $0.45. For FY guidance, Snowflake raised its product revenue outlook to $6.07 billion from the prior gui

According to CEO Brian Armstrong, Coinbase is preparing to launch an Omarchy plugin, described as an AI-native operating system, as announced in a recent tweet. The new feature is intended to enhance the platform's capabilities and user engagement.

According to Chinese business media, the Chinese yuan weakened slightly against the U.S. dollar on September 2, though it has appreciated overall since the start of 2026. Market observers expect the currency to track higher in the medium term, with two-way volatility remaining the likely trend.

According to Guru Club, Meta released the Muse Spark 1.3 model on September 3, marking significant performance improvements in coding and agentic tasks. The model is described as competitive with frontier models and is designed to support future personal AI agent products that can work on behalf of users around the clock. Meta maintained the same pricing as the previous version, with AI lead Alexandr Wang calling the strategy "aggressive." The Muse Spark 1.3 will be available on Muse Code and Me

According to Yonhapinfomax, as of 4 p.m. ET on September 2, the USD/JPY exchange rate fell to 158.769 yen, down 0.909% from the previous New York close of 160.226 yen. The yen surged overnight, declining to as low as 158.202 yen intraday, prompting market speculation over a potential rate check—a preliminary step in currency intervention by central banks or governments. Manulife Investment Management's Nathan Tufft noted that the sharp market reaction reflects heightened sensitivity to positioni

According to the U.S. Energy Information Administration (EIA), American natural gas inventories increased by 31 billion cubic feet last week as of September 3.

According to HTX market data, Bitcoin has broken below the $77,000 mark, trading at $76,992.14 with a 24-hour decline of 0.2%.