Gate Crypto Flash News and Market Updates

According to ChainCatcher, ARK Invest's digital assets research lead Lorenzo Valente posted on X that LayerZero's interoperability business could soon grow to nine-figure ARR. Valente noted that as more assets move on-chain, demand for universal interoperability will grow exponentially, and the team has more developments ahead.

According to Herald Economy, Snowflake posted Q2 2026 revenue of $1.55 billion (up 35.1% year-over-year) and EPS of $0.62 on September 2, beating consensus estimates of $0.45 by a wide margin. Product revenue reached $1.49 billion, up 36.8% YoY and marking the third consecutive quarter of growth. The cloud data platform attributed the acceleration to its AI-native products: CoCo (AI coding agent) added over 2,000 adoption accounts in Q2 alone, reaching 9,100 total; CoWork (personal work agent) e

Hyundai Steel and POSCO have broken ground on a major steelmill in Louisiana today, marking their first joint manufacturing facility in the United States. The facility is designed to produce 2.7 million tons of automotive-grade steel plates annually, with production targeted to begin in 2029. Total investment amounts to $5.8 billion. The electric arc furnace technology will reduce carbon emissions by approximately 70% compared to traditional methods. The project aims to bypass U.S. tariffs on fo

Recent network data shows Bitcoin micro-transactions below 0.01 BTC now account for nearly 80% of all activity on the network, marking a significant shift from historical patterns dominated by larger transfers. The change reflects growing accessibility for smaller, more frequent transactions as Bitcoin's infrastructure matures. Grayscale reports rising interest in Bitcoin exchange-traded products, noting their growing significance relative to traditional gold ETPs. The trend signals deeper insti

According to SlowMist Team, Dream Health Chain recently reported a loss of approximately $71.8K due to a logic flaw in its award distribution system. The vulnerability stems from improper implementation of the createAward() and claimAward() functions, which allowed attackers to exploit the reward mechanism without proper collateral locking. The participateAward() function failed to enforce unclaimed status checks, enabling repeated claims against the shared proxy balance.

According to Gate trading data, GT breaks through $9, reaching $9.01 with a 24-hour gain of 6.63%.

According to Seoul Kyungje, the European Union Commission signed an implementation agreement last month with the European Space Agency, EU Space Agency, and European aerospace firms to accelerate deployment of IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite), the EU's sovereign satellite communications network. The agreement expands the constellation significantly from initial designs, adding 66 low-earth orbit satellites to reach a total of 348 core satellites—

According to DEGEN NEWS, token launch platform Pons on Robinhood Chain generated $1.84 million in revenue over the past 24 hours on September 5, surpassing Pump.fun's $1.18 million.

Poland's lower house failed to garner sufficient votes to override the president's third veto of national cryptocurrency legislation. The failure came as Prime Minister Donald Tusk revealed that the Zondacrypto case involves political figures' financial arrangements, with bankruptcy proceedings set to follow.

According to Bitget, the exchange has launched DGAI perpetual futures with support for up to 20x leverage. Spot trading Bot features will be simultaneously enabled on the platform.

According to GMGN monitoring, on September 5, the top MARSCOIN profit holder on BSC began reducing positions over the past hour, executing 20 sell transactions totaling $358,600 in tokens. The address remains up $1.7 million despite the recent selling activity.

According to Reuters, the U.S. and China are preparing for talks scheduled in mid-September to discuss AI safety risks. The U.S. Treasury Department said no meetings have been scheduled yet. The U.S. delegation is expected to be led by Treasury Secretary Bessent, while China's delegation may be led by Vice Premier He Lifeng or Vice Premier Ding Xuexiang. The discussions will focus on monitoring AI-driven cyberattacks and implementing self-regulation frameworks between AI laboratories in both cou

According to on-chain analyst Ai Yee, the top profitable address holding MARSCOIN on BSC began selling in batches after the token's spot listing on Binance. The address, which accumulated an average cost of $0.00133 per token, has started taking profits as MARSCOIN surged 80% to $0.1805. Currently, it maintains a position of 10.44 million tokens valued at approximately $1.92 million, down from its initial holdings.

The XRP Ledger reached 8 million activated accounts in July 2026, yet daily active addresses fell roughly 61% to as low as 7,800 during June, according to on-chain metrics. What the network lost in user participation it gained in transaction size: average transaction value on XRPL surged to between $85,000 and $86,700 in 2026, reportedly surpassing Bitcoin and Ethereum's per-transaction averages. The shift reflects a growing institutional presence, with RLUSD stablecoin issuance and tokenized re

According to the Chinese Embassy in Nepal, Nepali rescue personnel rescued a Chinese citizen from a hydropower station affected by mudslides on September 5, according to Xinhua News Agency.

According to Tracxn data, Southeast Asia's blockchain sector raised $680 million in equity funding through 2026, more than doubling the $319 million raised across all of 2025. However, investors are writing larger checks to fewer companies, with only 25 funding rounds completed this year compared to 46 last year, averaging $27.2 million per deal. Three deals account for over 81% of total capital: CRYPTO's $400 million Series D, Edena Capital's $100 million Series D round, and Startale's $50 mill

According to BlackRock data, iShares Bitcoin Trust (IBIT) pulled in $117.4 million in net inflows on September 4, 2026. Combined with Fidelity's FBTC inflows of $57.2 million the same day, total U.S. spot Bitcoin ETF inflows reached $174.6 million. A day earlier, IBIT alone had absorbed $454 million, bringing the two-day combined figure to over $571 million.

A Jefferies-linked private credit fund, LAM Trade Finance Group II, secured a worldwide freezing order from London's High Court targeting $499 million in assets connected to iron ore trader Radiant World. The order names Radiant World's founder Pinkesh Nahar, affiliated entity Sapphire Minmetals, and individual Rakesh Sethi, following growing concerns over allegedly falsified invoices linked to Radiant's operations. The fund's total exposure to the trader has grown dramatically from an initial $

According to BlockBeats citing GMGN data, BNB Chain meme coin MARSCOIN broke through $240 million market capitalization on September 5, hitting a new all-time high at $235.8 million with a 24-hour gain of 115.26%. Binance listed MARSCOIN yesterday and added a seed tag to the token.

According to FinCEN analysis released Thursday, U.S. authorities linked approximately $12.7 billion in suspicious financial activity to crypto investment scams operated from Southeast Asian compounds. About 1,300 institutions submitted 33,904 suspicious activity reports covering the period from September 2023 to December 2025, with an average monthly growth rate of 10.9% and 18% growth in transaction volume. Crypto companies filed 55% of reports involving $5.5 billion, while banks accounted for