Gate Crypto Flash News and Market Updates

According to PANews, on September 24, Tether, Pave Bank, and the Global Financial & Technology Network (GFTN) signed a memorandum of understanding to launch the Georgia-Singapore Fintech Scholarship Program. Starting in 2027, the initiative will select outstanding STEM undergraduates from Tbilisi State University to study one semester at Singapore Management University, participate in industry exchanges, receive mentoring, and engage in fintech projects. The program aims to strengthen financial

According to Russia's Prime Minister, the country's Finance Ministry forecasts federal budget expenditures of 48.8 trillion rubles for 2027.

According to Jin10, ECB Executive Board member Isabel Schnabel will depart the European Central Bank in January to assume a senior position at the International Monetary Fund (IMF), where she has been selected to head the Monetary and Capital Markets Department. The move, confirmed by sources on September 24, comes over a year ahead of her original eight-year term ending in December 2027. Schnabel, 55, will accelerate leadership transitions at the ECB, with President Lagarde and Chief Economist

According to Foresight News, AI cloud services provider Nscale recently filed an IPO application with the New York Stock Exchange under ticker symbol NSCL. The company was spun off from crypto mining firm Arkon Energy in 2024. As of June 30, 2026, Nscale reported a net loss of $1.02 billion and revenue of $140.6 million for the six-month period, compared to a net loss of $368.9 million and revenue of $10.4 million in the same period last year, representing 1,252% year-over-year revenue growth.

According to Bloomberg, on September 24, Oracle issued a force majeure notice regarding its large data center project in New Mexico developed by a subsidiary of Blue Owl Capital, according to sources familiar with the matter. The notice aims to defer payment obligations if the project, code-named Project Jupiter and scheduled to launch in 2028, faces delays or suspension, rather than to exit as a primary tenant. OCRL shares fell over 5% in premarket trading following the announcement.

According to China's Ministry of Commerce, China's contracting projects completed $1156.1 billion in business during January-August 2026, up 9.9% year-over-year. New contract values reached $1713.4 billion, growing 0.7% compared with the same period last year.

According to ChainCatcher, digital asset investment firm RockawayX announced a $150 million Catapult initiative to tokenize private credit and other yield-bearing real-world assets. The program will provide venture capital, product structuring, liquidity, market-making, and distribution support for tokenized credit products. RockawayX, which manages approximately $2 billion in assets, believes credit-backed lending tied to real-world economic activity will become one of crypto's largest markets.

According to Xinhua News Agency, Zhao Leji, Standing Committee member of the Communist Party Central Political Bureau and chairman of the National People's Congress Standing Committee, conducted an inspection in Jilin and Heilongjiang provinces from September 21-24. He emphasized the need to consciously and concretely advance whole-process people's democracy, uphold and improve the people's congress system, and enhance local people's congress work to support the implementation of the 15th Five-Y

According to PANews, on September 24, the U.S. dollar index rose to 101.26, up 0.15%, after the release of jobless claims data.

According to Jin10, China's Vice Commerce Minister Ling Ji and EC Director-General for Trade and Economic Security Jørgensen held consultations in Beijing on Sept 23-24. The talks aimed to prepare for the second meeting of the China-EU Trade and Investment Cooperation Mechanism.

According to Goldman Sachs, the investment bank raised its December Brent crude oil price forecast to $85 per barrel, citing rising energy prices in the Asia-Pacific region.

According to Jin10 Futures, as of 20:30 Beijing time on September 24, New York futures markets showed mixed movement across precious metals. Gold fell 0.30%, silver declined 1.28%, while copper edged up 0.05%.

According to Jin10, as of 20:30 Beijing time on September 24, WTI crude oil futures rose 1.76%, while U.S. natural gas futures fell 0.13%.

U.S. initial jobless claims came in at 197,000 for the week ending September 19, falling short of expectations of 200,000 and slightly exceeding the prior week's revised figure of 196,000.

According to @SolanaFloor, Solana's tokenized equity holders have surpassed 1 million for the first time, marking a new all-time high. This milestone reflects growing adoption of tokenized assets on the platform.

For the week of September 12, U.S. continuing jobless claims totaled 1.719 million, down from 1.73 million in the previous week and below the forecast of 1.75 million.

Canada's core retail sales declined 0.7% month-on-month in July, missing consensus expectations of -0.5% and reversing the prior month's 0.5% gain.

Initial jobless claims in the U.S. for the week ending September 19 came in at 197,000, below the consensus forecast of 201,000. The prior week's figure was revised upward to 198,000 from an initially reported 196,000.

Canada's retail sales declined 0.7% month-over-month in July, missing the forecasted drop of 0.80%, according to official data. The reading improved from June's 0.60% increase, showing a moderation from the prior month's growth.

The four-week moving average of U.S. initial jobless claims stood at 202,250 for the week ending September 19, according to labor market data. The previous week's figure was revised upward from 203,250 to 204,000, indicating a slight decrease in the latest reading amid ongoing labor market adjustments.