Gate Crypto Flash News and Market Updates

Overnight SHIBOR (Shanghai Interbank Offered Rate) fell to 1.3650%, declining 5.20 basis points, while the 7-day SHIBOR dropped to 1.4100%, also down 5.20 basis points. The 3-month SHIBOR rose slightly to 1.4310%, up 0.10 basis points.

According to China Mobile and Qualcomm, the two companies completed the world's first prototype test of U6G frequency band 6G base station and terminal aligned with the latest 3GPP definition on September 20. The test integrated a 128-channel massive MIMO base station, downlink 400MHz and uplink 200MHz ultra-wideband (30kHz subcarrier spacing), and a 6G terminal prototype platform in an end-to-end link, marking 6G key technologies transitioning from research to systematic verification phase.

According to GSR, a crypto trading and market-making firm, the median token from its analysis of over 2,300 exchange listings since 2013 drops below its issuance price within 3 days and declines 50% within 90 days. Among tokens with fully diluted valuation (FDV) exceeding $1 billion, the median one-year return was -81%. Tokens with circulating supply below 20% saw approximately 75% losses after one year, while those with 30–50% supply retained roughly $0.55 per dollar invested.

According to RootData, Walrus (WAL) will unlock approximately 38.33 million tokens worth about $1.21 million on September 27 at 10:00 AM (Beijing time).

According to ZeroHedge and Jim Cramer, Leopold Aschenbrenner is suspected of purchasing $96 million worth of AI stock call options today. The suspected trades include $44 million in Micron calls at $1,000 per share strikes, $41 million in SanDisk calls at $1,600 per share, and $11 million across Intel and Marvell. All options expire on October 2. Aschenbrenner's hedge fund, Situational Awareness, lost billions during a previous AI stock downturn, prompting JPMorgan Chase to terminate its lending

According to HTX trading data, BNB breaks the $750 level at $750.08, down 1.61% in the past 24 hours.

According to Jin10, Vice Minister Liao Min met with Kenya's Deputy Finance Secretary Kiptoo on September 18 in Beijing. The two sides exchanged views on bilateral relations, financial cooperation, and investment partnerships. The meeting was attended by officials from China's National Development Bank and Export-Import Bank, as well as representatives from Kenya's Transport, Water, and Roads departments.

According to Israeli media outlets Ynet and The Jerusalem Post, Israeli Prime Minister Benjamin Netanyahu canceled his scheduled meeting with Elon Musk and significantly shortened his U.S. visit on September 19. Netanyahu is planning to stay in New York for only a few hours to deliver his speech at the United Nations General Assembly, then immediately return to Israel. The decision to cancel the Musk meeting was made by Netanyahu himself. There are currently no arrangements for a meeting with U.

According to Beating AI, Alibaba's Stepwise released Step 5 Preview today, featuring a sparse MoE architecture with 600 billion total parameters and 27 billion active per inference. The model supports 1 million token context and multimodal input, with API and Studio access now available. Full model weights will launch on October 15. Artificial Analysis evaluated Step 5 Preview at 44 points on its Intelligence Index, matching Kimi K3 Max, with output speed of approximately 100 tokens per second a

Chinese President Xi Jinping will arrive at Joint Base Andrews near Washington on September 23, with President Trump planning an unusually rare personal greeting at the airport, according to White House officials. Trump stated on Friday (September 18) that the upcoming meeting will result in "multiple different agreements" and characterized U.S.-China relations as "getting along very well." The White House state dinner on September 24 evening will host multiple technology executives, including N

According to Goldman Sachs, on September 17, the investment bank raised its forecast for 2027 global investment-grade debt issuance by Amazon (AMZN-US), Alphabet (GOOGL-US), Meta Platforms (META-US), Microsoft (MSFT-US), and Oracle (ORCL-US) to $420 billion from $400 billion, marking a 68 percent increase from the estimated $250 billion in 2026. Goldman Sachs estimated that approximately 35 percent of the five companies' 2027 capital expenditures will be supported by debt financing, implying tot

According to TradingBeats, as of Sept 20 (10:34 AM Beijing time), an Ethereum OG whale (address starting with 0xeadc) has maintained a long ENA position for approximately 228 days with a return rate of 881.18% using 10x leverage. The whale holds 10.0265 million ENA tokens at an average entry price of $0.110537, with the position valued at approximately $2.0849 million and unrealized gains of $976,600. ENA has appreciated 88.12% from the whale's cost basis. The position represents only 2.98% of t

According to the National Hurricane Center, a low-pressure system could intensify over the next 24 hours and is expected to develop into a tropical storm by Sunday (Sept. 21).

According to the National Hurricane Center, Tropical Depression Six is moving slowly northeast without intensifying.

According to ChainCatcher, in February, fraudsters exploited Polymarket's US betting platform through stolen debit cards, attempting to withdraw at least $10 million by linking compromised cards to user accounts and transferring funds to clean accounts. A payment processor handling Polymarket transactions reported rejecting over 80% of deposits as fraudulent, far exceeding the industry standard of approximately 1%. When Polymarket employees raised compliance concerns with CEO Shayne Coplan, sour

According to Investopedia reporting and Wells Fargo analysis on Friday (Sept 18), Netflix shares fell nearly 5% to just below $72, with Wells Fargo downgrading the stock from neutral to underweight and slashing its price target from $80 to $57—the lowest on Wall Street, well below the consensus of $97. The downgrade came after Wells Fargo cited concerning user engagement trends, noting that Netflix subscribers' daily viewing time in the first half of 2026 declined 8% compared to the same period

According to F&Guide, South Korea's active equity ETF market reached 14.1 trillion won in assets under management as of September 16, with 88 listed products, expanding 2.6 times from 5.4 trillion won in 2025. Retail investors increasingly shifted to active ETFs amid prolonged KOSPI weakness, seeking products that adjust holdings and weightings based on market conditions rather than passive index tracking. In the past month (August 18 – September 18), individual investors net-purchased KODEX 200

According to South Korea's Financial Supervisory Service, on September 20, the country's financial authorities announced new regulatory measures targeting margin trading as credit loan balances surged to 33.25 trillion won, nearly double the 16.84 trillion won recorded in January 2025. The FSS stated it would strengthen investor protection through enhanced risk disclosures, restrictions on margin trading for minors, additional verification for elderly investors, and pre-simulation of forced liqu

According to Korea Exchange, KOSPI average daily trading volume fell to 21.26 trillion won in September, hitting the lowest level this year and down 57.8% from June's 50.35 trillion won. The monthly decline accelerated from July's 36.88 trillion won to August's 25.85 trillion won. Analysts attributed the three-month contraction to surging oil prices above $100 per barrel, U.S. Treasury yields breaching 5%, and the Federal Reserve's 25 basis point rate increase on September 16.

According to Cointelegraph, Uniswap saw the largest increase in total value locked (TVL) in the tokenized stock DeFi category over the past 30 days, with combined gains of $82.8 million across V4 and V3 protocols.