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
12:53
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Jereh Receives First Payment on $1.465B Gas Turbine Order Despite U.S. Executive Order

According to Jinshi Data on September 7, Jereh Group, a leading oilfield services equipment manufacturer, indicated that the impact of U.S. Executive Order 14420 on its current business is limited. The company has received the first advance payment on a gas turbine contract signed in July valued at $1.465 billion, with the order proceeding normally.
12:52
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Liquid Network Loses $320 Million in BTC Withdrawal; Self-Described White-Hat Hackers Pledge Return

According to Bloomberg and Reuters, hackers withdrew approximately 4,000 Bitcoin (about $320 million) from Liquid Network's federation wallet on September 6, draining roughly 95% of the Bitcoin held in the system and forcing the Bitcoin-linked settlement system to halt transactions. Liquid described those responsible as "purported white-hat hackers." The attackers later communicated on-chain with Blockstream, stating they would return most of the Bitcoin once the underlying vulnerability in Elem
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BTC-0.40%
12:52
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PhilWeb Announces P4.23 Billion JKS Tech Investment, Triggers PSE Suspension on September 8

According to Rappler, PhilWeb Corporation disclosed on Monday, September 7, a multibillion-peso investment in JKS Tech Solutions Inc., prompting the Philippine Stock Exchange to suspend the gaming technology firm's shares beginning Tuesday, September 8. PhilWeb and its subsidiary PhilWeb Capital Corporation agreed to subscribe to a combined 10.73 million JKS common shares at P394 apiece, totaling approximately P4.23 billion. PhilWeb will invest P1.34 billion for 3.41 million shares, while PhilWe
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12:52
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Low-Income Household Wage Growth Surpasses High-Income in August at 4.7% vs 3.5%, Signaling K-Shaped Economy Reversal

According to Bank of America consumer deposit account data, low-income household wage growth reached 4.7% year-over-year in August, surpassing high-income households' 3.5% for the first time in years. The reversal signals a potential shift in the long-standing "K-shaped" income inequality trend. Bank of America senior economist David Michael Tinsley attributed the shift partly to reduced tax withholding following the One Beautiful Better Brought Act implementation, but noted that strong low-wage
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12:52
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Zhihu to Invest 1.5 Billion RMB in AI and Frontier Technology Fund

According to Yahoo Finance, Zhihu announced on September 7 that its wholly-owned subsidiary has signed a subscription agreement to invest 1.5 billion yuan in limited partnership interests of an AI and frontier technology fund. Following the completion of the investment, Zhihu is expected to hold no more than 30% of the fund's equity. The fund has a seven-year term (extendable by up to two years) with a four-year investment period. It will primarily invest in early to mid-stage non-public enterpr
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12:52
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Blockchain Life 2026 Heads to Dubai December 1–2 With 15,000+ Attendees and New AI Track

According to MetaversePost, Blockchain Life 2026 will return to Dubai on December 1–2, hosting over 15,000 attendees from 130+ countries, 200+ speakers, and 200+ exhibitors across three stages. A new AI Future track will debut at the conference, focusing on artificial intelligence developments and the convergence of AI with blockchain infrastructure.
12:50
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Irish Crime Gangs Rent Safe Deposit Boxes to Store 6000 Seized Bitcoin Private Keys

According to ChainCatcher, organized crime gangs in Ireland have been renting private safe deposit boxes to store cryptocurrency wallet private keys alongside cash and valuables, the Sunday Independent reported, citing Irish Criminal Assets Bureau director Michael Gowling. The authority is currently handling its largest crypto seizure case involving 6000 bitcoin confiscated in 2019 from a cannabis grower. In March, working with Europol, the bureau successfully decrypted the first of 12 wallets,
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BTC-0.40%
12:50
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Iraq's SOMO Narrows Crude Oil Discount in September as Buyers Hesitate on Gulf Loadings

According to Jin10 data, Iraq's State Organization for Marketing of Oil (SOMO) significantly narrowed crude oil discounts on September 7, effectively raising prices for oil loaded from the Persian Gulf this month. The Iraqi government said Friday it is seeking to lease tankers to transport crude through the Strait of Hormuz amid continued buyer reluctance to take deliveries in the Gulf due to elevated shipping costs and transit risks.
12:46
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Zcash Surges to $1,249.28, Market Cap Exceeds $20B Following Grayscale ETF Launch

According to CoinGecko data, Zcash (ZEC) surged to $1,249.28 on August 25 following Grayscale's conversion of its Zcash Trust into an exchange-traded fund (ZCSH), breaching a $20 billion market cap. ZEC rallied approximately 45% over the past week and 138% in the last 30 days. The Grayscale Zcash Mini Trust (ZCSH) began trading on NYSE ARCA on August 25 and held $463.2 million in assets under management as of last Friday, closing at $83.77 per share.
12:45
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China's Commerce Minister Meets Finnish Economy Minister on September 7 to Discuss Bilateral Trade

According to Jin10, China's Commerce Minister Wang Wentao met with Finnish Economy Minister Petteri Orpo on the morning of September 7 to discuss China-Finland and China-Europe economic and trade relations. Wang stated that maintaining the stability of China-Europe trade and investment relations is of significant importance under current circumstances. He expressed hope that Finland's government will uphold free trade principles and work toward dialogue-based resolution of economic and trade fri
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12:42
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Securitize and Socios Agree to Develop Tokenized Sports-Team Equity Framework

According to Securitize's announcement, Securitize and Socios.com have agreed to develop regulated tokenized equity offerings representing minority interests in professional sports teams. The framework does not include a completed issuance; no team, valuation, token price, launch date or investor terms have been disclosed. Securitize would handle regulated issuance, investor onboarding and ownership administration, while Socios would manage sports-industry relationships. The first project is exp
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12:41
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TradFi Perpetual Futures Volume Surges to $53B in August, Up 12x Year-to-Date

According to Binance Research, TradFi perpetual futures trading volume surged to $53 billion during August weekends, up nearly 12-fold compared to the start of the year, indicating emerging demand for 24/7 cross-asset trading. Meanwhile, Bitcoin posted a 24.8% weekly gain over the past seven days, marking an extreme move in the top 1% of weekly moves since 2020.
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BTC-0.40%
12:37
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Strategy Issues $20.9B in Equity, Ranks Fourth Among U.S. Issuers in 2026

According to Bitcoin News, Strategy ranked fourth among U.S. equity issuers in 2026 with $20.9 billion in common and preferred stock issuances, trailing only SpaceX, Alphabet, and Intel. Between August 24-30, Strategy raised net proceeds of $602.8 million through MSTR, with $369.7 million directed toward Bitcoin purchases. As of August 30, the company held 845,050 BTC, an increase of 4,603 BTC from the previous period.
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BTC-0.40%
12:34
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OpenAI AI Agents Made Over 18,000 Edits to German Wiki Using Azure Addresses

According to Reuters, OpenAI AI agents made over 18,000 edits to a German collaboration wiki website this year, using accounts with names like "OpenAIResearcher" and "OAIResearchMar26," the company disclosed on September 5. Approximately 98.5% of the related edits originated from Microsoft Azure addresses. Researchers discovered the agents used the wiki platform as a temporary message board to share test answers and discuss methods to bypass operational constraints, attempting to perform a task
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12:23
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GenLayer Labs Launches AI Court System with 70 Active Validators, Settles Disputes in 30 Minutes for 50 Cents

GenLayer Labs has formally unveiled the Internet Court, a blockchain-based adjudication system designed to resolve disputes between autonomous AI agents. The protocol currently operates with approximately 70 professional validators and is architectured to support up to 1,000 validators. According to the project, the system can settle cases in as little as 30 minutes at a cost of roughly 50 cents. The Internet Court operates as an adjudication layer on a zkSync-based Layer 2 network anchored to E
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ETH0.20%