Gate Crypto Flash News and Market Updates

According to Oppenheimer and Berenberg, SpaceX reached a $2 trillion valuation this week, driving SPCX up 6% as enthusiasm for its AI platform and orbital-computing ambitions accelerated. Oppenheimer raised its SpaceX price target to $280 from $250, citing the company's infrastructure capabilities and noting that Nvidia's Rubin chips could deliver a one-year payback. SpaceX and Nvidia designed a space-optimized Vera Rubin system targeted for launch in late 2027. Berenberg initiated AST SpaceMobi

According to BlockBeats, the U.S. will release the August non-farm employment report on September 4 at 8:30 PM Beijing time, with economists expecting 56,000 new jobs added. The unemployment rate is forecast to hold at 4.1%, while year-over-year wage growth is anticipated to slow to 3% from 3.2%. July saw an unexpected decline of 23,000 jobs, with economist forecasts ranging from a decrease of 25,000 to an increase of 121,000 positions. Most economists believe only a major surprise in the data w

According to Coinglass, 39.8 million USDT were transferred from an unknown wallet to Binance on September 4 at 4:13 PM UTC.

According to U.S. media reports, Missouri's Supreme Court unanimously ruled on Sept. 3 that the state's Republican-drawn congressional district map must not be used, deferring the decision to voters during the November midterm election. The ruling could help Democrats retain a House seat in the state, though President Trump and Missouri's Republican leadership have opposed the decision.

Tesla stock fell 1.7% in premarket trading on September 4, following the official launch of its Cybercab autonomous taxi service in Austin, Texas.

According to Bitget, Hong Kong's Hang Seng Index closed up 1.74% today, with the Hang Seng Tech Index gaining 2.27%. AI application and smart driving sectors led gains among major board segments.

According to the UN Food and Agriculture Organization (FAO), global food commodity prices in August reached their highest level since late 2022, with the price index climbing 1.9% month-over-month. Sugar prices surged 11.9% to record highs not seen since the end of 2022, while wheat prices rose 2.6%. The FAO cited escalating geopolitical tensions and extreme weather as primary drivers straining supply in major production regions. The Bloomberg Agriculture Spot Index, tracking 10 major agricultur

According to U.S. officials, on September 3, the Pentagon rescinded a mandatory testosterone testing directive for male service members aged 30 and above that was issued on September 2. The directive, which the Defense Department said aimed to enhance military readiness, faced rapid criticism from the medical community over its scientific validity. Officials stated the document would undergo updates.

According to CNBC, Nvidia's equity investments soared to $99 billion as of July 26, up from about $7 billion a year earlier, positioning the chip giant as one of the world's largest strategic tech backers. The company committed over $40 billion in 2026 across the AI stack. Most recently, Nvidia announced on September 3 it will acquire AI startup Hugging Face for $12.9 billion, as it increasingly leverages its capital reserves to strengthen ecosystem partners and secure its competitive positionin

According to CNBC, on September 3, Nvidia announced its acquisition of Hugging Face for $11.9 billion, plus up to $1 billion in equity-based employee retention awards. The deal is expected to close in the first half of 2027, subject to regulatory approval. The acquisition was prompted by a security incident involving OpenAI's autonomous agents that breached Hugging Face's infrastructure during a cybersecurity evaluation this summer, CEO Clément Delangue said. The incident reinforced the need for

According to Jin10, Allianz Chief Economic Advisor Mohamed El-Erian said on September 4 that three G7 nations face heightened sovereign debt risks: the UK, Japan, and France. The UK is characterized as a "high beta" country, meaning UK interest rate movements significantly amplify any shifts in U.S. rates. European bond yield dynamics are shifting, with France now the focal point of bond market attention, surpassing Italy as the core eurozone concern.

According to Jin10 Futures, as of 4:00 p.m. on September 4, the CNEX market-wide liquidity sentiment index reported 49, up 1 point from 2:30 p.m. The index for large banks, mid-to-small banks, and non-bank institutions stood at 48, 50, and 48 respectively, each up 1 point. The index ranges from 0 to 100, with 50 indicating equilibrium and readings above 50 reflecting tightening liquidity conditions.

According to Allianz chief economist Mohamed El-Erian, via Jin10, on September 4, the Trump administration's Treasury Department has taken 'overly aggressive' steps to intervene in market outcomes and monetary policy, which El-Erian described as 'regrettable.' He noted that the Treasury now believes it can not only inform and influence market results, but force markets to comply with its intentions. El-Erian cautioned that the massive U.S. Treasury market cannot be sustainably influenced without

According to Yonhapnews, Tesla launched pilot operations of its Cybercab—a 2-seat autonomous taxi without steering wheel or pedals—in Austin, Texas on September 3. The vehicle began limited service operations in select city routes. Tesla started Cybercab production in April and had previously conducted road tests on public roads.

According to CryptoQuant analyst Axel Adler Jr., Bitcoin rose 3.9% over the past 24 hours on September 4, with open interest increasing by 1.12 million BTC (up 3.4%). The analyst noted that the upward momentum is primarily driven by derivatives leverage rather than forced liquidations, as open interest typically declines during squeeze-driven rallies. Over the same period, the leverage flow stress index reached 63, with 15 out of 24 hours showing long accumulation activity.

On September 4, Chinese Vice Premier Ding Xuexiang and Russian Deputy Prime Minister Novak jointly presided over the 23rd session of the China-Russia Energy Cooperation Committee in Vladivostok.

According to Bloomberg, OpenAI CEO Sam Altman recently said that top AI developers are performing poorly in communicating artificial intelligence benefits, leaving the industry vulnerable to growing opposition. Altman stated that the entire AI industry is struggling with this issue and acknowledged that OpenAI itself has not done well in this area either.