Gate Crypto Flash News and Market Updates

According to the Federal Reserve Beige Book, economic activity has expanded at a moderate pace since early July.

The Federal Reserve's latest Beige Book reports that the overall outlook for the coming months is positive, though sentiment varies significantly across industries. Respondents cited greater uncertainty regarding the impact of rising energy prices on economic activity, according to the report.

Centrifuge, Janus Henderson, and SmartMedia Technologies announced a partnership in August 2026 to bring onchain reserve management to loyalty programs through institutional tokenized vaults. Janus Henderson's JTRSY and JAAA products, which manage $1.5 billion in assets under management, will route reserve assets into tokenized strategies on Centrifuge's infrastructure. This enables real-time visibility into reserve balances, automated compliance, and programmatic links between reserve movements

On September 2, U.S. President Donald Trump posted on Truth Social that the Hormuz Strait should be renamed 'Trump Strait' now that it is under American control. Trump added that the location would become 'hotter than ever before,' comparable to the United States itself.

According to CCTV, on September 2, the United States and Venezuelan governments formally signed a major oil cooperation agreement with Chevron and other companies, securing majority control over 65 billion barrels of Venezuela's proven reserves. The 25-year partnership aims to increase crude oil production to 1.5 million barrels per day. Venezuelan interim president Desi Rodriguez stated the deal will help maintain Venezuela's sovereignty over its natural resources.

Melius Research raised its Dell price target to $735, a Street-high, while Bank of America and Mizuho lifted their targets to $600, and Raymond James moved to $617. At the current stock price of $461.50, the $735 target implies roughly 59% additional upside. Dell reported record quarterly revenue of $47 billion, up 58% year over year, with adjusted earnings jumping 203% to $7.04 per share. The company exited July with a record $95 billion AI server backlog and raised its fiscal 2027 AI server re

The Federal Reserve will release its Beige Book at 02:00 Beijing time today (September 2). The Beige Book is a summary of economic conditions across the Federal Reserve's 12 districts, released ahead of the central bank's policy meetings.

The Federal Reserve will release its Beige Book on economic conditions in 10 minutes.

According to ChainCatcher, Fairshake PAC backed by Coinbase, Ripple, and a16z has helped approximately 50 candidates win nominations during the U.S. primary season and raised $122 million for the general election. The group's victories include Democrat Massachusetts Rep. Jake Auchincloss and Republican Senate candidates Barry Moore (Alabama), Andy Barr (Kentucky), Kevin Hern (Oklahoma), and Harriet Hageman (Wyoming), each with over 94% predicted win probability on prediction markets Polymarket a

U.S. Treasury Secretary Bessent recently announced a government bond buyback program designed to address liquidity challenges. The initiative will repurchase bonds with poor liquidity and longer maturities, creating space for banks to purchase additional securities during Treasury auctions.

According to filings on September 1, the last day for public comment, crypto industry groups including the Crypto Council for Innovation, Andreessen Horowitz, Grayscale, Chainalysis and others submitted competing proposals to the Securities and Exchange Commission regarding regulation of novel exchange-traded products. CCI urged the SEC to extend regulatory efficiencies available to ETFs to other exchange-traded products, arguing for "regulatory parity" and expanded investor choice. A16z recomme

According to The Block, Farmmi shares surged as much as 350% to $0.50 on Wednesday after traders piled into JINQIAN, a memecoin paired with an onchain token using the small-cap Chinese mushroom seller's FAMI ticker on Robinhood Chain. The stock quickly corrected to roughly $0.18 with over 720 million shares traded, nearly 90 times the daily average. At its peak, the memecoin's implied valuation reached $60 million, approximately 10 times higher than the publicly traded company itself, according

THORChain launched a public-facing dashboard in July 2026 tracking its revenue, trading volume, staking data, and network distribution metrics, as part of a transparency initiative involving collaboration with DeFiLlama and data analyst Raynalytics. In July, its first full month after resuming trading operations, the protocol generated $950K in fees, ranking 12th among decentralized exchanges, with trading volumes hitting approximately $797M. As of mid-August 2026, cumulative fees reached $173M

According to Jin10, Iran's Islamic Revolutionary Guards deputy commander Ezzadi said on September 2 that despite enemies deploying equipment at a scale 10 times larger than Iran's forces, they failed to achieve their stated objectives in recent military conflicts, particularly in operations near the Strait of Hormuz.

According to Jin10, Argentina's Foreign Minister Pablo Kichner stated on September 2 that Argentina must employ all available means to achieve sovereignty over the Malvinas Islands (known as the Falkland Islands to the United Kingdom).

According to Reuters and Bloomberg, a Virginia judge on Wednesday rejected the U.S. Department of Justice's bid to force Google to divest its AdX advertising exchange. Judge Leonie Brinkema in Alexandria accepted most of the parties' proposed behavioral remedies instead. The decision marks a significant antitrust victory for Alphabet Inc., following a separate ruling that allowed the company to retain its Chrome browser. The full redacted decision will be released later this month.

According to Kalshi, market pricing for a 25-basis-point rate increase in September has reached 59% to 68% ahead of the Federal Open Market Committee meeting on September 15-16. Fed rate-cut odds have collapsed to just 1%, as markets shift expectations toward tighter policy rather than potential easing. The Kalshi market shows total volume of $31.3 million, with probabilities varying by venue and measurement time.

According to Russia's Defense Ministry, the country's air defense forces shot down 238 Ukrainian unmanned aerial vehicles on September 2.

According to the White House, crude oil from Venezuela under the bilateral agreement could begin entering the U.S. Strategic Petroleum Reserve as early as November.