Gate Crypto Flash News and Market Updates

According to Shanghai Steel Union data released today (September 7), MMLC battery-grade lithium carbonate midpoint price dropped to 145,750 yuan per ton, down 750 yuan from the previous day's 4:30 PM reference price.

According to Jin10, UBS hired three former Nomura Holdings employees in Tokyo this month to strengthen cross-asset sales to local institutional investors. Takashi Kigami and Yuta Kitagawa joined the Swiss bank's securities department in September, with Masahiro Kubo joining about a month earlier. The hires reflect UBS's accelerated recruitment in Japan following rising domestic interest rates, which are prompting Japanese institutional investors to rebalance their portfolios. At least five forme

According to Harmony's announcement on Sunday, the Layer 1 blockchain platform plans to fully sunset its mainnet and migrate its native ONE token to Ethereum, citing ongoing security threats. The platform will compensate validators transitioning off the network with $1.37 million for those who cease operations by September 10, sign an agreement, maintain stakes, and move to "governor" roles in a new AI video initiative. Harmony proposes airdropping new ONE tokens on Ethereum and migrating exchan

According to @lookonchain, a self-identified white-hat hacker has drained 3,998.5 Bitcoin valued at approximately $319.5 million from the Liquid Network, a layer-2 solution for Bitcoin transactions. The claim of white-hat status has raised questions about the hacker's true intentions, as the incident highlights vulnerabilities in the blockchain infrastructure.

According to HTX market data, BNB surpassed the $750 level, trading at $750.29 with a 24-hour decline of 1.52%.

According to bond market analysts quoted by Yonhap Infomax on September 7, South Korea's newly established Future Response Fund is expected to channel significant capital primarily into short-term bonds in 2027, potentially reducing the government's long-term bond issuance. Analysts estimate the fund will hold approximately 104.4 trillion won in surplus reserves, with a portion directed to money market funds and bonds with shorter maturities. KB Securities forecasts that long-term bond issuance

According to market sources, South Korea's pension fund has suspended its foreign exchange hedging activities on September 7.

According to GMGN data, Solana-based meme token ZCAT surged to $180 million market cap overnight, setting a new all-time high. The token is currently trading at $137 million with a 24-hour gain exceeding 130%.

According to CNBC, major investment banks issued cautious assessments following Tesla's unveiling of its Cybercab (autonomous taxi) in Austin, Texas on September 4, citing insufficient detail on business scale and timelines. Wells Fargo said the announcement fell short of market expectations, while Barclays and JP Morgan noted the lack of concrete deployment targets and specific guidance. Morgan Stanley emphasized that future stock gains depend on Tesla proving real-world deployment success. Gol

According to on-chain analyst Ai Yi monitoring, two wallets suspected to be related to the Ethena project team have cumulatively transferred $6.75 million worth of ENA to exchanges since September 3. Over the past 15 hours, the addresses deposited 19 million ENA (approximately $3.29 million) to Bybit. Both wallets received tokens from Ethena's multisig address two years ago and had remained inactive until recently when large deposits began following a price increase.

According to Yonhap Infomax, the USD/KRW exchange rate fell to 1,345.80 won as of 9:07 AM KST on September 7, down 4.60 won from the previous trading day's close. The decline continued despite strong U.S. August non-farm payroll data released on September 5.

According to Yonhapinfomax, South Korea announced on September 7 the establishment of the Future Response Fund with a total size of 162.3 trillion won, of which 104.4 trillion won in surplus funds will be invested in bonds and equities. The move aims to support the government bond market as international index inclusion inflows conclude in November. Officials have set a target to achieve returns exceeding current sovereign bond yields. Market participants are closely watching the timing and scal

According to researcher SchulzResearch, China's memory chip production has evolved into a division of labor among three companies as of September 2026. CXMT produces DRAM wafers, YMTC manufactures NAND and DRAM, while XMC—controlled by YMTC—handles chiplet packaging and stacking. This structure aligns with Beijing's December 2025 policy requiring new factories to source at least 50% equipment domestically. CXMT operates three 300mm DRAM factories at approximately 100,000 wafers per month each, p

According to Beating AI, OpenAI has optimized ChatGPT subscription token consumption for GPT-6 Astra, with product lead Tibo confirming that model quality remains unchanged. In heavy usage scenarios, token depletion can now be reduced to approximately one-third or one-quarter of previous levels. The optimization adjusts token calculation on the subscription side. Over the past two days, multiple reports on OpenAI's GitHub indicate rapid token exhaustion, with some Plus users hitting limits withi

According to the Korea Exchange, KOSPI traded at 6,886.75 as of 10:58 a.m. on September 7, up 2.98% from the previous session, as large semiconductor stocks including Samsung Electronics and SK Hynix led gains. The index is attempting to recover above the 7,000 level following a week in which all three major investor groups—individuals, foreigners, and institutions—recorded net selling. Share buybacks by Samsung and SK Hynix have supported the index floor, with other corporates averaging roughly

According to Token Terminal, SPY on Robinhood Chain surged 1,314% over the past 30 days, reaching $17.4 million in volume. Other tokenized stocks also posted significant gains, with rGOOGL on Arbitrum rising 531% and HOODb on BNB Chain climbing 429%, indicating growing investor interest in tokenized assets on decentralized platforms.

According to Jin10 Futures, as of 10:15 on September 7, the CNEX interbank market sentiment index rose to 49, up 1 point from 08:45. The sentiment indices for large-cap banks, mid-size banks, and non-bank institutions reported 48, 50, and 48 respectively, each up 1 point.

According to SoSoValue, U.S. spot Bitcoin ETFs recorded $986.9 million in net inflows last week (week ended Sept. 4), marking their third consecutive week of positive flows. BlackRock's IBIT led with $691.5 million in net inflows for the period. Spot Ether ETFs also saw $218.4 million in net inflows last week, continuing their three-week positive streak. Bitcoin was trading at $79,951 as of Sunday evening, hovering near the $80,000 level after reaching $81,700 last Thursday.

According to DeFi researcher Ignas on X, David Hoffman, Bankless founder, has swapped his ETH holdings for alternative assets including ZEC, LIT, and NEAR, which have significantly outperformed ETH. Ignas noted that LIT and ZEC delivered the strongest gains among Hoffman's rebalanced positions, while NEAR also performed well. VVV was the only holding that underperformed the broader market. Hoffman originally announced his ETH exit in June, when he began accumulating positions in VVV, NEAR, ZEC,

According to on-chain analyst Ai 姨, Arthur Hayes accumulated 39,000 UNI (worth $282,000) in the past hour on September 7, receiving the tokens from FalconX to his address 0x6cd...47e21. His total UNI holdings increased to 284,101 tokens valued at $2.007 million with an average cost of $7.06 per token. This marks his first significant UNI purchase in nine months and is now his third-largest on-chain holding.