Gate Crypto Flash News and Market Updates

According to Deputy Prime Minister Gan Kim Yong, Singapore's financial institutions will train over 80,000 local employees in AI by 2028 as part of a government effort to manage job transitions in the sector. More than half of employees at 23 participating banks, insurers, and asset managers have already completed industry-recognized AI courses, with training covering roles including leaders, wealth managers, and operations staff.

The Nikkei 225 index expanded gains to 1% during today's session on September 25.

The Federal Reserve released two proposed rules today (Sept. 25) to establish a regulatory framework for payment stablecoin issuers under the GENIUS Act. The first rule requires stablecoin issuers to maintain full reserve backing with high-quality liquid assets such as short-term U.S. Treasury securities, establish unified capital and risk management requirements, define reserve asset custody rules, and clarify the licensing scope for Federal Reserve-supervised banks conducting stablecoin-relate

According to Jin10, on September 25, Chinese President Xi Jinping met with U.S. President Donald Trump during an official state visit to the United States. The two leaders held candid and in-depth discussions. The meeting marked a milestone in bilateral relations, coming less than six months after Trump's visit to China in May. Xi and Trump reaffirmed their commitment to building a constructive strategic stable relationship between China and the U.S., reaching new consensus and enriching the str

According to Jin10, spot gold and silver rose intraday on September 25, with gold hitting $4,290 per troy ounce, up 0.36% on the day. Silver rose above $64 per ounce, gaining 0.24% intraday.

According to Money Today, South Korean hedge funds delivered strong August returns as of September 25, with Life Growth Engagement General Private Investment Trust No.2 topping rankings at 112.1%. Eight funds posted monthly returns exceeding 30%, including Hastings Volcano at 70.7%, DS Benefit W at 50.2%, BlackPearl Nasdaq Venture at 41.2%, and Core Bio PJT at 40.7%. Top-performing funds deployed diverse strategies spanning mezzanine financing, venture capital, equities, bonds, and initial publi

According to asset managers in South Korea, on Sept 25 ahead of the Chuseok holiday, major fund operators recommended investment strategies combining U.S. benchmark indices, AI semiconductor stocks, monthly dividend funds, and short-term bond funds to investors looking to deploy holiday bonuses and surplus cash. Mirae Asset suggested core holdings in S&P 500 (delivering 11.72% average annual returns over 15 years) and Nasdaq-100 (17.54% average annual returns over 15 years) alongside AI semicond

South Korean President Lee Jae-myung met with the Mexican President at the presidential palace, where both leaders engaged with business representatives to discuss economic cooperation. According to Lee's remarks, bilateral trade between South Korea and Mexico totals approximately 28 trillion won, with Korean companies having invested over 18 trillion won in Mexico. The two nations continue to strengthen their economic interdependence through mutual business support.

According to Daeshin Securities, Micron will report Q4 fiscal results on September 30, with market expectations at $52 billion in revenue and earnings per share of $32.5-33. As the memory chip maker reports ahead of Samsung Electronics and SK Hynix, its earnings serve as a key gauge for the semiconductor industry. Analyst Lee Kyung-min noted that forward guidance exceeding consensus of $56.9 billion and maintaining a gross margin of 86% could trigger a new rally in semiconductor stocks. The guid

According to Bloomberg, AI video startup Higgsfield is on track to generate more than $1 billion in annualized revenue based on its latest four weeks of sales, as businesses increase spending on AI-generated video ads. Contracted revenue from business customers has increased 10x since June, said CEO Alex Mashrabov, with subscriptions now accounting for just over 60% of revenue as usage-based spending rises. The San Francisco-based company, founded by a former Snap executive, raised $400 million

According to Xinhua, Chinese President Xi Jinping delivered a toast at a welcome dinner hosted by U.S. President Donald Trump recently. The diplomatic event underscored engagement between the two leaders.

According to PANews, on September 25, Open Standard announced structural and leadership updates, with Coinbase, Mastercard, Shopify, Stripe, and Visa joining as initial founding partners. The partners will invest in the company and support Open USD (OUSD) supply provision, providing over $1 billion in near-term liquidity. Zach Abrams will serve as the company's full-time Chief Executive Officer, leaving Bridge to focus entirely on Open Standard. OUSD, an internet-native stablecoin, targets banki

According to BlockBeats, citing Mistral Track data, Bitget hackers' addresses hold approximately 102.9 million XRP worth $157 million as of September 25. Mistral Track marked 7 new Ripple network addresses associated with the hack. In addition to XRP holdings, the hacker addresses include 11 EVM addresses and 1 TRON address containing approximately 67,980 ETH, 5,897 BNB, 495.6 WETH, 218,023 USDT, 99,990 USDC, and 20.6 million TRX.

According to Yahoo Finance and Starbucks' official announcement, the coffee chain is closing 250 stores across North America this week, reducing its regional footprint by approximately 1% as CEO Brian Niccol accelerates company transformation efforts. In a letter to employees on Thursday (September 24), Chief Operating Officer Mike Grams stated the closures target locations unable to deliver satisfactory financial performance or customer experience. The move follows a similar 1% reduction announ

According to Bitwise CEO, investors have converted approximately $70 million in spot cryptocurrency assets into Bitwise ETF products year-to-date through the third quarter, according to data shared on X platform. While not all investors prefer ETFs over spot holdings, interest in these products continues to grow due to considerations around peace of mind, tax simplification, estate planning, and lending and margin purposes.

According to Lookonchain, a whale deposited 6,000 ETH worth $16.1 million to OKX, Kraken, Gate, Bybit, and Binance one hour ago, indicating an intention to sell.

According to Odaily, Bitwise's tokenized real-world assets (RWA) can now be used as collateral on Sui's Bluefin Lend protocol, according to an announcement by Sui on X platform. The integration expands collateral options for users on the platform.

According to Reuters, Google announced on September 24 that it plans to launch a prototype satellite next week on SpaceX's Transporter-18 rideshare mission in partnership with Planet Labs. The satellite will carry Google Tensor Processing Units to test how the chips perform under launch forces, radiation, extreme temperatures, and cooling in low Earth orbit as part of Project Suncatcher, Google's initiative to study large-scale AI computing infrastructure in space. Google had previously tested t

According to SoSoValue data cited by PANews, Bitwise Hyperliquid ETF (BHYP) saw net inflows of $4.7749 million yesterday (Sept 24, Eastern Time), marking the sole HYPE spot ETF with positive flows on the day. BHYP's historical net inflows have reached $149 million to date, with the broader HYPE spot ETF market commanding total net assets of $514 million.

According to Jin10 data citing Iran's Fars News media, Najaf airport in Iraq cancelled flights to and from Iran starting Friday (Sept. 25) at 2 a.m. local time. However, some flights from Tehran to Najaf remain visible in airline schedules, and Iraqi pilgrimage groups continue waiting for flights to Najaf. Baghdad airport has also suspended Iran routes in recent days.