Gate Crypto Flash News and Market Updates

On September 4, Skylabs, a South Korean wearable device company, opened trading with an initial price of 8,550 won, approximately 14.5% below its 10,000 won IPO price. The stock rebounded sharply during the trading day, closing at 23,500 won, representing a 135% gain from the IPO price. Separately, AI-based media and audio technology company Neosapiens is conducting institutional investor demand surveys through September 8, followed by public subscriptions on September 10-11, with an IPO price r

Gate News message, Whale address 0x6750 purchased 174,826 $HYPE tokens valued at approximately $15.01 million 8 hours ago and staked the entire amount.

According to Coinglass data tracked by ChainCatcher, Hyperliquid whales currently hold $7.83 billion in total positions. Long holdings stand at $3.74 billion (47.76% of total), while short positions amount to $4.091 billion (52.24%). Long positions show unrealized gains of $459 million, while shorts are down $522 million.

According to Cathie Wood, founder of ARK Invest, August employment data showed strong job growth, with nonfarm payrolls rising 162,000 and household employment up over 500,000. Average working hours also increased. Overall inflation stood at 3.7%, while other measures tracked closer to 2%. Wood shared these observations in a recent statement regarding economic trends.

For the week ending September 5, U.S. stocks showed mixed results with significant sector rotation toward semiconductors and artificial intelligence. The Nasdaq Composite surged 4% for the week, while the S&P 500 rose 0.1% and the Dow Jones Industrial Average fell 0.3%. Semiconductor stocks dominated gains: Nvidia (NVDA-US) climbed 5.9% to $230.36, Micron (MU-US) jumped 9%, and SanDisk (SNDK-US) soared 17.2%. Taiwan Semiconductor (TSM-US) ADR advanced 2.7% to $428.91. In contrast, Apple (AAPL-US

According to Bloomberg, Tata Consultancy Services (TCS), India's largest software exporter, announced on September 5 that its HyperVault initiative and partners have committed 700 billion Indian rupees ($7.4 billion) to build an AI data center campus in Hyderabad, Telangana. TCS secured 264 acres for the site and plans up to one gigawatt of capacity, positioning it as one of India's largest AI infrastructure campuses.

According to Odaily, UNIPCS on Robinhood briefly reached a market capitalization of $5.23 million. The token is tied to a trader known as the top-ranked trader, with a tokenomic model that distributes ETH rewards to holders and includes buyback and burn mechanisms.

According to Arkham, Bitwise's BHYP purchased $10.5 million worth of HYPE on Friday, marking the fund's largest single-day buy since acquiring $23.2 million on August 27. Bitwise BHYP has accumulated $166.3 million in HYPE purchases since inception, making it the largest HYPE ETF by assets under management.

Snowflake reported stronger-than-expected earnings on September 3, with product revenue reaching $1.49 billion for the quarter ended July 31, surpassing analyst expectations of $1.42 billion, up 37% year-over-year. The company also raised its full-year product revenue guidance from $5.84 billion to $6.07 billion. Stock jumped 16.55% to $356.47 on the results. Wall Street credit the surge to Snowflake's AI code assistant CoCo (formerly Cortex Code), which automatically assists users with programm

According to Jin10, corporate dollar deposits at South Korea's five major banks—KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup—reached $76.98 billion as of Sept 4, marking the highest level since May 2021 when the banks began tracking this metric. The surge came as the Korean won weakened to near two-year lows against the US dollar.

According to IM Securities analyst Jeon Yu-jin on August 31, SK On signed a 9 gigawatt-hour lithium iron phosphate energy storage system supply contract with U.S.-based Neobolt, with a contract value estimated at 1.5 trillion Korean won. The shipments will be produced at SK On's Georgia facility and delivered between 2027 and 2031. The deal fulfills 45% of SK On's 20 GWh annual order guidance for 2026, marking the company's first step into the U.S. ESS market.

According to Ledger Insights, Banco do Brasil, a state-controlled Brazilian bank, invested $5 million on August 19 to purchase tokenized structured notes issued by Citi, marking the first such transaction by a Latin American financial institution. The investment was made through the bank's own funds department, rather than on behalf of clients. Citi had launched its first native digital structured note on Euroclear's D-FMI tokenization platform in March, targeting the bank's wealth management di

According to BlockBeats and TradingBeats, on September 6, trader Loracle increased short position on PONS worth $23.11 million with an average opening price of $0.65, currently facing floating losses of approximately $6.94 million and liquidation price at $1.82. Loracle's total short positions across all assets have accumulated unrealized losses of approximately $28.7 million, according to the monitoring data.

According to Hyundai Securities researcher Kim Jae-sung, Democrats' probability of controlling both chambers of the U.S. Congress in the November 3 midterm election has risen to 51% on prediction market Polymarket, as President Trump's approval rating hits historic lows. Should Democrats secure a "blue wave," Trump-beneficiary assets—including cryptocurrencies, major banks, government contractors, and fossil fuel companies—face potential short-term weakness due to increased congressional scrutin

According to Jin10, as of September 6, Nvidia GPU rental prices showed mixed movements with most assets advancing. B200 GPU rental rate stood at $6.42 per hour, up 0.31% daily and 11.65% monthly. H100 climbed to $3.06 per hour with a 5.88% daily gain and 12.50% monthly increase. A100 was priced at $1.09 per hour, up 2.83% daily. RTX5090 rental fee reached $0.63 per hour, posting the strongest performance with an 18.87% weekly gain and 28.57% monthly surge. H200 was quoted at $4.55 per hour, down

According to BizWatch, on September 6, South Korean crypto exchanges are subject to mandatory public disclosure of fee discounts and rebates as 'property benefits,' while traditional securities firms are exempt from the same regulatory requirement. Data from major exchanges' April filings show that 78.7% to 99.9% of disclosed 'property benefits' consist of trading fee reductions. Upbit recorded 78.7%, Bithumb 98.9%, Coinone 99.9%, Korbit 98.8%, and Gopax 96.9%, according to the Digital Asset Exc

According to Nomura on September 4, the global investment bank maintained a buy rating on Samsung Electronics and SK Hynix with target prices of 670,000 won and 4.7 million won respectively. The brokerage noted that memory chip makers' valuations do not reflect strong demand and limited supply growth, with projected 2027 price-to-earnings ratios at only 3x on average. Samsung Electronics closed at 255,500 won that day, while SK Hynix ended at 1.647 million won, implying upside potential of 162%

According to TheStreet, Morgan Stanley's head of U.S. public policy research Ariana Salvatore said in recent CNBC remarks that the AI investment cycle will likely withstand growing political opposition to data center construction. As of September 1, the S&P 500 has gained 11.5% year-to-date amid strong AI-driven gains. Salvatore acknowledged local-level political risks stemming from rising electricity costs, water usage, and construction disruptions, but argued these pressures will mainly cause

According to Guru Club, on September 4, Bitcoin broke through the $80,000 mark, surging to $82,300 per coin, marking a new recent high. Hong Kong-listed crypto-related stocks rallied in early trading, with Boyaa Interactive up over 11%, Bluegame Interactive up nearly 10%, and Hashkey Holdings up over 3%.

According to chain metrics, Robinhood Chain's decentralized exchange (DEX) trading volume surpassed Solana in the last 24 hours, claiming the top position among all blockchain networks globally.