Gate Crypto Flash News and Market Updates

TCG trading and collectibles platform Pull.Fun announced it has surpassed $40 million in cumulative trading volume over the past 5 months. The platform plans to launch $TAKO, a community memecoin featuring its octopus mascot Tako, on Robinhood Chain on September 20-21.

According to Jin10, EU Commission President Ursula von der Leyen delivered the annual State of the Union address at the European Parliament in Strasbourg on September 16. The hour-long speech outlined the European Commission's work over the past year and set policy priorities for the year ahead, focusing on security and defense, industrial competition, external trade relations, energy, and critical raw materials. The address signals the EU's efforts to strengthen its security capabilities and ec

According to Foresight News, Circle's x402 Facilitator service has launched on Arc, enabling USDC settlement across Arc, Base, and Polygon PoS via EIP-3009. Circle Mint users can now natively mint and redeem cirBTC within the app, with each cirBTC backed 1:1 by native BTC and redeemable at a 1:1 ratio.

According to Foresight News, Bybit received a certificate of appreciation from South Korea's National Police Agency (KNPA) at the 27th International Symposium on Cybercrime Response (ISCR 2026) held recently in Seoul. Bybit was the only cryptocurrency exchange to receive this recognition. The certificate commended the exchange's contributions to cybercrime investigations and international security cooperation.

According to @lookonchain, Garrett Jin, the largest on-chain ZEC short seller, increased his short position to $51.5 million 11 hours ago. His current position totals 37,760 ZEC with a liquidation price of $2,631.53, leaving him down over $26 million. The position growth reflects increased bearish sentiment amid ongoing market uncertainty.

According to ChainCatcher, UK-based AI startup Emulate, founded by former DeepMind researchers, is in advanced talks to raise up to $700 million at a valuation approaching $4 billion. The funding round is being led by Index Ventures and Lightspeed Venture Partners. Following the completion of this round, the company's valuation is expected to reach $3.7 billion.

According to Nick Timiraos (Wall Street Journal), Federal Reserve officials significantly revised their long-term interest rate expectations on September 16. Two years ago, 10 of 19 policymakers expected long-term rates to stabilize below 3%; now only 1 official holds that view, while 11 now forecast rates above 3%. In newly added 2029 rate projections, more than half of 17 Fed officials participating in the Summary of Economic Projections (SEP) believe rates must remain at 3.6% or higher to bri

According to its quarterly review report released today, the Bank for International Settlements (BIS) attributed roughly 40% of the U.S. 10-year Treasury yield increase since early June to rising term premium. The term premium rose approximately 10 basis points over the June 1 to September 3 period, driven by multiple factors including elevated uncertainty about future short-term rates, growing demand for compensation for long-duration bond risks, and crowding effects from increased corporate de

According to South China Morning Post, Huawei unveiled its Ascend 960 SuperPoD computing cluster at Huawei Connect 2026 in Shanghai. The system uses Huawei's Hi-ONE optical system and near-packaged optics to connect up to 4,000 processors in a single cluster. The technology enables denser, higher-bandwidth links compared to traditional pluggable connections, as the company seeks to develop advanced AI infrastructure amid US semiconductor export restrictions.

According to Coinglass data, the crypto fear and greed index currently stands at 51, down 1 point from yesterday, indicating a neutral market sentiment. The 7-day average is 58, while the 30-day average is 65.

Japan's Prime Minister Takamichi Sanae will hold a press conference today at 09:30 GMT (17:30 Beijing time).

Hong Kong Monetary Authority cut its base rate by 25 basis points to 4.25% this morning, September 17. Simultaneously, China's central bank conducted 762 billion yuan in open market reverse repos, with a net injection of 159 billion yuan for the day. In mainland markets, the three major A-share indices rallied then retreated, with agriculture and CRO-related sectors gaining. Hong Kong's Hang Seng Index fell 0.7%, while the biotech sector rose over 2%.

This morning, China's A-share indices surged early but retreated by midday, with agricultural and CRO-related stocks bucking the trend. Yushu Technology surged over 5%, with its market cap returning above 200 billion yuan. In Hong Kong, the Hang Seng Index and Hang Seng Tech Index fell over 0.7%, while the Hang Seng Biotech Index gained over 2%, with Kingold Biologics surging over 16%. The Hong Kong Monetary Authority raised its base rate by 25 basis points to 4.25%. Meanwhile, the People's Bank

According to Axios, U.S. diplomats met with Houthi representatives in Muscat last weekend (Sept 16) to discuss Red Sea tensions, with focus on maintaining a May 2025 ceasefire agreement and ensuring freedom of navigation through the Bab al-Mandeb Strait. The talks were held at the U.S. Embassy in Oman with Omani government assistance. Houthi representatives reaffirmed their commitment to maintaining the ceasefire with the United States and stated their military operations target only Saudi Arabi

According to Jin10, on September 17, Prime Minister Takakichi Takaichi reshuffled Japan's cabinet. The announced roster showed that Chief Cabinet Secretary Minoru Kihara, Foreign Minister Toshimitsu Motegi, Defense Minister Shinjiro Koizumi, and Finance Minister Kouyuki Katayama retained their positions. Yoshihiro Seki, a House of Representatives member, entered the cabinet for the first time as Minister of Education, Culture, Sports, Science and Technology. Hiroshi Nakatsuka, former executive d

According to Financial Times, on September 17, the yen weakened over 1.1% after the U.S. Federal Reserve implemented its first rate hike in three years, the first since 2023. The dollar strengthened 0.7% against a basket of major trading partners' currencies. Mitul Kotecha, head of Asia FX and emerging markets macro strategy at Barclays, stated that the Fed's decision makes a Bank of Japan rate increase "almost inevitable." The moves pressure Asia's currencies in an unfavorable position amid bro

According to The Economist, citing analysis by MIT professor Lira Mota and Stanford professor Hanno Lustig released on September 16, the convenience yield on U.S. Treasuries has essentially disappeared since July. Convenience yield represents the premium investors are willing to forgo for holding highly safe and liquid assets like U.S. bonds. The researchers compared top-rated corporate bonds with U.S. Treasuries and found the once-significant advantage has vanished, reflecting growing doubts ab

According to Bernstein's Sept. 16 report, the CLARITY Act failed its procedural vote with no expectation of a re-vote. The firm recommends buying crypto stocks on weakness, with price targets of $160 for Robinhood (HOOD), $140 for Circle (CRCL), and $70 for Figure (FIGR). Robinhood's on-chain gross revenue reached approximately $1 million daily, while Circle launched its ARC blockchain on the same day. Bernstein believes regulatory clarity will shift toward CFTC and SEC rulemaking, with continue

According to Digital Asset, Kyobo Life and SBI Group recently completed a cross-border stablecoin verification project, enabling direct exchange between Japanese yen and Korean won stablecoins without requiring U.S. dollars as an intermediary. The test was conducted using the Canton Network sandbox environment.

According to Jin10 Futures, on September 17, Zhang Guoqing, a member of the Communist Party of China Central Political Bureau Standing Committee and Vice Premier of the State Council, emphasized urgent priorities in developing China's advanced manufacturing sector, including implementing high-quality development initiatives for key industrial chains and accelerating intelligent manufacturing innovation. Zhang pledged to strengthen market mechanisms, establish advanced standards systems, and crac