Gate Crypto Flash News and Market Updates

According to The Block, Bitcoin surpassed JPMorgan Chase analysts' estimated production cost of $85,000 this week, marking the first time the cryptocurrency traded above this level in 280 days. Nikolaos Panigirtzoglou, leading the bank's analysis, noted that the price breakthrough could provide relief to miners facing extended periods of low profitability. The last comparable period was in 2018, when Bitcoin traded below its production cost for 224 days.

Paramount SkyDance will delist from Nasdaq on October 5 and begin trading on the New York Stock Exchange on October 6.

On Friday (Sept 25), offshore Chinese yuan (CNH) closed at 6.7227 against the US dollar at New York close, down 68 pips from Thursday's close. Intraday trading ranged from 6.7134 to 6.7258. The offshore yuan has declined over 0.4% this week, with losses across the past four trading days.

On Friday, Sept 25, U.S. index futures closed higher in New York: the S&P 500 futures rose 0.51%, Dow futures gained 0.93%, and Nasdaq-100 futures climbed 0.51%. Russell 2000 futures increased 0.17%.

Michael Burry, the investor who predicted the 2008 financial crisis, warned on Friday (Sept 25) in a Substack article that major technology companies are rapidly expanding AI infrastructure investments, risking significant asset write-downs in 2028 or 2029 if future capacity exceeds market demand. Burry estimated that Microsoft, Amazon, Alphabet, Meta, and Oracle combined hold approximately $3 trillion in AI-related commitments, future leases, guarantees, and other exposures. He noted that S&P 5

According to Whale Alert, Strategy Bitcoin transferred 411.48 BTC valued at approximately $30.3 million to Coinbase Prime in recent activity. Marathon Digital Holdings concurrently moved 250 BTC worth $17.37 million, reflecting ongoing portfolio adjustments by major institutional Bitcoin holders.

According to Coinbase, cbLTC is now live on Solana, marking another step in cross-chain asset integration via Chainlink's CCIP. The launch brings total cbAssets on the Chainlink CCIP network to over $7 billion, expanding access to Coinbase Wrapped Assets for Solana users.

Spot gold fell 2.11% this week, closing Friday (September 25) at $4,285.81 per ounce, while COMEX gold futures declined 2.35% to $4,321.40. Spot silver dropped 2.93% over the week to $64.32 per ounce, with COMEX silver futures down 3.60% at $64.73. The State Street Metals and Mining ETF fell 0.26% for the week to $108.33, marking its fifth consecutive weekly loss. The NYSE ARCA Gold Miners Index declined 3.06% to 2,657.73, while the Philadelphia Gold and Silver Index dropped 2.79% to 383.48.

According to Politico on Sept. 25, the Trump administration will not pursue a diesel export ban to address record-high heating oil prices triggered by Iran tensions. Instead, three sources said the administration is considering shifting the issue to state governments, including expanding the use of dyed diesel (colored fuel used in agriculture and construction, exempt from state and federal fuel taxes) and potentially encouraging states to waive diesel consumption taxes ahead of midterm election

According to the Wall Street Journal, Blue Energy Partners, backed by the Trump administration, is accelerating oil production expansion in Venezuela and may challenge Chevron's position as the country's largest private oil producer within the coming months.

According to ChainCatcher, privacy blockchain Zano disclosed an inflation vulnerability in Gateway Addresses on September 25, forcing the network to plan a rollback of approximately 24 hours of blockchain history. The network has instructed users to immediately cease economic activities related to ZANO and Confidential Assets. Zano committed to compensating users for losses caused by the rollback but has not yet disclosed the target block height, patched version, compensation process, vulnerabil

According to CNV Argentina, Roberto E. Silva, president of the regulatory body, recently addressed tokenization at the BankLAC event in Washington. The framework aims to modernize Argentina's capital market regulations and facilitate digital asset integration, supporting innovation in virtual asset services.

According to a Thursday filing with the Commodity Futures Trading Commission (CFTC), OG.com Markets proposed new rules to list cash-settled single-stock perpetual futures that never expire and can trade 24 hours a day, five days a week. OG.com, spun out from Crypto.com as an independent derivatives platform valued at $5 billion, is seeking approval to bring the popular crypto derivatives product to US equity markets. On the same day, Coinbase, Kraken's Bitnomial exchange, and prediction market K

According to Federal Reserve Chair Beth Hammack, on September 26, the recent surge in U.S. Treasury yields is not driven by loss of confidence in inflation decline, but primarily by rising real rates, strong economic outlook, fiscal policy, and competition for investor funds. Hammack noted that inflation expectations remain "well-anchored" overall, though persistent inflation above the Fed's 2% target continues to impose real economic costs. The key risk, Hammack stated, is the formation of an "

According to FinanceFeeds, Samourai Wallet co-founder Keonne Rodriguez faces federal prison transfer on Wednesday after the drug-treatment program at FCI McKean was deactivated. Rodriguez and approximately 70 other inmates will be relocated to institutions where the program remains available, according to McKean's warden. Successful completion of the treatment program could reduce Rodriguez's sentence by up to one year. He is currently serving a five-year federal sentence following his 2025 guil

According to a recent tweet, Bitfinex highlighted that the US is rapidly catching up to Asia in tokenised markets. The exchange noted Asia's earlier head start in this evolving sector, with the shift in tokenisation practices potentially reshaping market structures and investor strategies going forward.

According to ChainCatcher, Anthropic is negotiating a data center capacity deal of 1 gigawatt, with an expected investment of at least $40 billion.

According to Jin10, Iran's Foreign Minister Araghchi said on September 26 that Iran has submitted a concrete seven-day plan to the United States. He stated that if the U.S. accepts the proposal, the Strait of Hormuz will ultimately reopen. Araghchi noted that the measures required from the U.S. are not new demands and were previously included in a memorandum of understanding discussed between both parties. He emphasized that Iran will not abandon its sovereign rights under pressure, and the seve

According to crypto commentator @cryptomanran, the DTCC (Depository Trust & Clearing Corporation) is set to launch clearing services on the Canton network imminently. The move signals an expansion of the DTCC's involvement in crypto infrastructure and transaction processing.

According to a16zcrypto, onchain trading for real world assets (RWAs) now accounts for 86% of perpetual volume onchain, as highlighted in a recent update. The shift reflects growing market preference for decentralized trading platforms.