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
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HIVE Surges 12.62% to $0.0589 in 5 Minutes, Up 18.99% in 24 Hours

HIVE surged 12.62% to $0.0589 in five minutes, with the token up 18.99% over the last 24 hours. The price action reflects strong buying interest, rising from a low of $0.0488 to its current high. Trading volume over the last 24 hours stands at $2,062,029.05, indicating significant capital inflows into HIVE.
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17 U.S. State Attorneys General Oppose Clarity Act on September 14, Citing Weakened Fraud Enforcement

According to New York Attorney General Letitia James, on September 14, 17 state attorneys general announced a bipartisan coalition opposing the Clarity Act. The coalition, which includes attorneys general from Arizona, California, Connecticut, and other states, expressed concerns that the legislation would undermine states' ability to enforce against digital asset fraud and protect consumers. The state attorneys generals cited that the act could severely limit their law enforcement authority ove
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ETF Store President Says Crypto's Challenge to Traditional Banking Model Is Why CLARITY Act Hasn't Passed

According to Nate Geraci, president of ETF Store, cryptocurrency's disruption to the traditional banking business model is the fundamental reason why the CLARITY Act has not yet passed. While various controversies around the legislation exist, including disputes over ethics provisions and BRCA requirements, Geraci stated on X that the core issue stems from crypto reducing demand for banks as financial intermediaries and undermining the net interest income model that banks rely on, as well as the
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iPhone 18 Pro Drops Below 9,999 Yuan on Chinese E-Commerce Platforms Just Hours After Release

According to Pinduoduo platform data, on September 14, Apple's newly released iPhone 18 Pro broke below its official retail price of 9,999 yuan CNY on Chinese e-commerce platforms. The Pinduoduo "Hundred Billion Subsidies" page offered the 256GB model at 9,699 yuan, with an additional 600-yuan store voucher, bringing the final checkout price to as low as 9,099 yuan—a 900-yuan discount from the official launch price. Taobao also showed China Mobile's flagship store offering 300-yuan direct discou
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Trump's WLFI Tokens Enter Vesting Contract, Earliest Unlocking Scheduled for 2028

According to on-chain data reported by CoinDesk, approximately 14.175 billion WLFI tokens matching U.S. President Trump's previously disclosed World Liberty Financial stake entered a vesting contract in May 2026, valued at approximately $800 million at current prices. The tokens will be subject to a two-year lockup period followed by a three-year gradual unlocking schedule, meaning the earliest unlocking could begin in 2028. Trump's founder allocation tokens were previously under indefinite lock
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Global Semiconductor Sales Hit Record $425B in Q2, Up 31.4% on AI Chip Demand

According to Omdia, global semiconductor sales exceeded $425 billion in the second quarter of 2026, surging 31.4% quarter-over-quarter and setting an all-time record. This marked the highest quarterly growth rate since Omdia began tracking the market in 2002. Memory chips, particularly DRAM and NAND flash memory, led the expansion, driven by surging AI demand that shifted manufacturers' production priorities. The shift created supply-demand imbalances that lifted average selling prices and reven
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U.S. Stock Indices Fall on September 14; S&P 500 Down 0.48%, WTI Crude Up 1.34% to $101.39

According to Einfomax, U.S. stock indices declined on September 14 (local time). The Dow Jones fell 0.29%, the S&P 500 decreased 0.48%, and the Nasdaq dropped 0.56%. The 10-year Treasury yield declined 1.40 basis points to 4.96%. The dollar index (DXY) rose 0.377% to 99.490, while WTI crude oil climbed $1.34 (1.34%) to $101.39 per barrel. Market weakness reflected concerns over AI development slowdown and reduced semiconductor demand, though gains in oil prices limited stock losses following rem
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Sen. Lummis: CLARITY Act Compromise Final, GOP Made 114 Concessions to Democrats

According to BlockBeats, on September 15, Senator Cynthia Lummis stated that after the Senate Republican Party released the final compromise version of the CLARITY Act over the weekend, Democrats are still demanding further modifications. She said the party has made 114 specific policy concessions in negotiations, including legal protections for DeFi developers and restrictions on government officials' cryptocurrency business interests. The Senate will hold a procedural vote on Tuesday, with the
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00:27
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OpenAI Acquires Smartphone Camera Manufacturer Glass Imaging for Over $300 Million

According to TechCrunch citing The Wall Street Journal, OpenAI acquired Glass Imaging, a smartphone camera manufacturer, today (September 15) for over $300 million. Glass Imaging uses AI to overcome physical size limitations of smartphone cameras by generating better images at the moment of capture through neural networks trained on different camera systems, rather than applying AI edits after shooting. Founded in 2019 and based in Los Altos, California, Glass Imaging previously raised approxima
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On-Chain Experiments Shut Down in 2026 as Coinbase, Robinhood, MetaMask Converge on Identical Product Stacks

According to Four Pillars researcher 100yeth, many on-chain experiments are shutting down or pivoting in 2026 without proving product-market fit. The on-chain market is increasingly polarizing into two segments: speculative demand areas like meme coins, perpetual futures, and prediction markets, alongside real economy-linked sectors including stablecoins, RWA, and vaults. As viable markets narrow to a few categories, companies including Coinbase, Robinhood, MetaMask, and Kalshi are converging to
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U.S. Supreme Court Refuses Postal Voting Restrictions on September 15; About One-Third of Voters Use Mail Ballots

According to its September 15 ruling, the U.S. Supreme Court temporarily rejected postal voting restrictions proposed by the Trump administration. The decision allows states to continue distributing mail ballots under existing procedures during the midterm elections, which have already begun. About one-third of U.S. voters cast ballots by mail. The Trump administration had sought approval to implement the restrictions before the November congressional elections.
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Cornelis Completes $205M Funding Round to Develop AI Networking Architecture Against Nvidia

According to TechCrunch, AI networking company Cornelis completed a $205 million funding round led by IAG Capital Partners. The company, spun off from Intel in 2020, develops Active Compute Fabric, a networking technology designed to improve communication efficiency between AI chips by enabling simultaneous data processing and transmission. Comelis competes with Nvidia through an open architecture approach, allowing customers to use multiple GPU and accelerator hardware options on its network. W
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Australian AI Firm Firmus Seeks Up to $5B in IPO, Plans Late October Listing

According to Reuters, Firmus Technologies, an Australian AI infrastructure provider, is seeking to raise up to $5 billion in an initial public offering, with plans to list on the Australian Securities Exchange as early as late October. The company, which builds AI data centers and related systems, valued above $10.5 billion following a $2 billion funding round last month that included Nvidia, Coatue Management, Blackstone, and Jane Street, has begun investor meetings in Asia and plans to visit E
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Revolut Exposes 680 Customers' Data to Scammers Impersonating Government Officials

According to Financial Times, Revolut had 680 customers' personal data compromised on September 15 after a hacker impersonated government officials to request customer information. Leaked data included passport details, bank account numbers, home addresses, identity documents, and Bitcoin activity records. The attacker threatened to publicly release the data unless paid a ransom. The UK Information Commissioner's Office confirmed it is investigating the incident. Revolut stated its systems and c
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