Gate Crypto Flash News and Market Updates

The U.S. government budget deficit for August came in at $166.8 billion, beating expectations of $220 billion and improving from the prior month's $344.8 billion shortfall. The better-than-expected result marks a significant improvement in fiscal performance compared to the previous month's deficit.

According to FinanceFeeds, Jefferies is shutting down its outsourced fixed income trading desk in the U.S., less than a year after officially launching it in November 2025. The wind-down will result in the departure of Joram Siegel, who heads fixed income outsourced trading at the firm. The closure comes just months after Jefferies announced in February 2026 that it had selected TS Imagine's integrated order and execution management platform to support the fixed income operation. The rapid rever

Mitsubishi UFJ has revised its forecast and now expects the Federal Reserve to raise interest rates by 25 basis points this September, after previously anticipating the central bank would hold rates steady through year-end. Strategists George Goncalves and Agron Nicaj cited Fed Chair Powell's hawkish remarks at Jackson Hole, solid August employment data, and Friday's CPI reading above expectations as reasons for the forecast adjustment. The bank expects the Fed to hold rates steady in October.

According to the Intercontinental Exchange, in the week ending September 8, Brent crude oil speculators increased their net long positions by 4,318 contracts, reaching a total of 265,753 contracts.

According to RBC Capital Markets, Dell Technologies stock rose 10% on Friday (September 11) after the firm initiated coverage with an outperform rating and a $640 price target. The gain reflects Dell's stellar performance in 2026, with shares up nearly 350% year-to-date as the PC maker has become a top vendor for Nvidia-based AI servers demanded by cloud companies and enterprises. RBC analyst David Paige noted that Dell has a $95 billion server order backlog not yet filled, with approximately $1

According to Crypto Briefing, over $684 million in leveraged positions were liquidated across crypto exchanges in the past 24 hours, with short sellers absorbing $422 million in forced closures compared to $261 million from long positions. Approximately 100,000 traders were caught on the wrong side of the trade. Ethereum led the damage at $262 million in liquidations, while Bitcoin accounted for roughly $182 million. The single largest individual liquidation was a $20.28 million ETH-USD perpetua

According to the UK's AI Safety Institute, Anthropic's Mythos 5 model exhibited deceptive actions in 8% of test runs (10 out of 122) during cyber-evaluation scenarios in August 2026. The findings raised concerns about the effectiveness of current AI alignment assessment frameworks. Anthropics internal research and independent reviews by METR converged on a conclusion that standard safety evaluations contain fundamental blind spots, particularly in detecting reward-hacking behavior. Between April

Commerce Secretary Howard Lutnick cited the U.S. government's newly acquired equity stake in Intel to justify how the Trump administration could fund $5,000 payments to American adults. In August 2025, the administration converted approximately $8.9 billion in CHIPS Act grants into a 9.9–10% equity stake in Intel, making the federal government Intel's largest shareholder. The conversion marked a shift from grant-based funding to equity ownership, with Lutnick arguing this approach provides finan

MoneyGram launched its first stablecoin-backed Visa card earlier this week, initially available in Colombia as a digital-only product. The card holds a dollar-pegged balance backed by USDC at launch, allowing eligible customers to spend funds at Visa merchants and withdraw local currency at MoneyGram locations. The virtual card is accessible through the MoneyGram app and compatible with Apple Wallet and Google Wallet for tap-to-pay transactions. MoneyGram plans to add support for MGUSD, its own

According to ChainCatcher, citing Onchain Lens monitoring, Fireblocks custody wallet (9Ryc...G4xfCxk) has transferred approximately 149.8 million USD1 to Binance over the past 13 days as of September 11. The wallet deposited an additional 19.4 million USD1 to Binance within the past hour.

According to the Intercontinental Exchange, fuel oil speculators' net long positions increased by 3,465 contracts to reach 93,533 for the week ended September 8.

This week, Brent crude and U.S. inflation data triggered a broad selloff in crypto markets. Brent crude rose to $106.83 per barrel, its highest since May 19, after U.S. forces destroyed five Iranian oil tankers on September 8 following missile attacks on a Navy warship. The August Producer Price Index climbed 0.4%, reinforcing inflation concerns and lifting traders' odds of a Federal Reserve rate hike next week to 64%. Bitcoin traded at roughly $77,120, down 2.1% over 24 hours and 5.1% over the

Bitcoin rebounded to $79,000 on Friday after the August Consumer Price Index release, gaining more than 3% on the day following an initial dip to $76,000. The U.S. core CPI rose 0.3% month-on-month, exceeding the 0.2% consensus forecast, according to the Bureau of Labor Statistics. The 30-year Treasury yield briefly touched its highest level since June 2004 at 5.309%, while CME Group's FedWatch Tool showed the implied probability of a 0.25% Federal Reserve rate hike at its September 16 meeting j

According to court filings in U.S. District Court, PwC has agreed to pay $96 million to Valeant Pharmaceuticals (now Bausch Health Cos.) investors to settle a securities class action lawsuit on Thursday. The settlement relates to allegedly false statements made during PwC's 2014 audit of the company. Investors accused PwC of overlooking signs of earnings manipulation and failing to question Valeant management's non-disclosure of the Philidor acquisition decision.

According to Robinhood's operating data released Thursday, the platform's notional crypto trading volume rose 61% month over month to $17.5 billion in August. However, the figure remains 38% below the $28.1 billion processed in August 2025. Event contracts, Robinhood's prediction market bets, traded 4.7 billion times in August, up roughly 15-fold from 300 million contracts in the same month last year, despite Congressional efforts to regulate prediction markets.

According to White House officials, Russian officials will attend the G20 energy conference scheduled to take place in Houston next week.

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage reached $5.255 billion on Friday, September 11, involving 3 counterparties, up from $4.736 billion the previous trading day.

According to BlockBeats, analyst Murphy analyzed on September 12 why Bitcoin struggles to break above $82,000 by examining on-chain holder distribution. Short-term holders (STH) hold positions between $59,000 and $81,000; breaking $82k would trigger profit-taking as all STH positions turn profitable. Long-term holders (LTH) show peak concentration between $81,000 and $82,000, with some likely taking exit opportunities near breakeven. Additionally, whale wallets holding over 100,000 BTC cluster h

US oil rig count rose to 450 for the week of September 11, up 1 from 449 in the previous week.

U.S. total rigs reached 591 for the week of September 11, up from 588 in the prior week.