Gate Crypto Flash News and Market Updates

According to DS Investment Securities on September 8, South Korea's proposed Bear Hug legislation is expected to serve as a revaluation catalyst for undervalued companies by mandating disclosure of acquisition proposals and requiring boards to publicly assess such offers. Under the bill, companies receiving M&A proposals must disclose deal terms and review plans, while boards face fines up to 100 million won if they fail to state positions on acquisitions affecting shareholders. DS Investment Se

According to the Telegraph on September 7, former Iranian President Hassan Rouhani proposed that Iran hold a referendum to decide whether to continue its conflict with the United States, suggesting the decision should reflect the will of the majority rather than a minority voice. Speaking at a gathering of former governors, Rouhani stated: 'If our plan is to fight world powers for another 20 years, we should present this to the people. If they do not accept it and propose another path, should we

According to BlockBeats, Solana-based meme token Just a Backpack surged to a $4 million market cap on September 8, per GMGN market data. The token currently trades at $2.98 million with a 24-hour trading volume of $6.4 million. Onchain data shows trader Ansem purchased 4.5 million Just a Backpack tokens for $15,000 approximately 20 minutes before the price spike.

According to WeChat's official course, WeChat Pay launched its smart glasses SDK today, September 8, making the payment capability available to compatible smart glasses manufacturers. Users can now complete payments on adapted smart glasses devices using the scan-to-pay feature. Rokid's AI glasses became the first product to complete adaptation.

According to LME data reported by Guru Club, three-month copper futures hit $14,617 per ton on September 8, reaching a record high. ANZ Research analysts attributed the surge to tightening inventory and persistent supply-side pressures, noting that global top copper producer Chile saw August shipments drop to the lowest level in over a year.

According to Coinglass, Hyperliquid whales currently hold $7.95 billion in positions, with long holdings at $3.786 billion (47.62%) and short positions at $4.164 billion (52.38%), resulting in a long-to-short ratio of 0.91. Long positions are up $452 million in unrealized gains, while shorts are down $518 million. Notable whale address 0x5b5d..60 maintains a 5x leveraged ETH short at an entry price of $2,262.95, with an unrealized loss of $23.02 million.

According to Yi Daily, South Korea's KOSPI index recovered above the 7,000 level today (September 8), reaching 7,091.02 and up 1.37% from the previous close. Director Cha Young-joo of Wise Economy Research Institute attributed the rally to continued foreign and institutional buying, noting that foreign investors purchased over 3 trillion won during last weekend alone, signaling sustained inflows. Cha recommended entering positions, citing semiconductor leaders Samsung Electronics and SK Hynix as

According to Odaily Meme Monitor, CME token on Robinhood has surpassed a $1.13 million market cap. CME is the platform token for a commodity exchange on Robinhood Chain, enabling on-chain trading of real-world assets including corn, oil, and gold. The token uses a Keeper mechanism to provide spot pricing for 29 commodities, with 50% of trading fees directed to CME buybacks and 50% allocated to liquidity provision.

According to Odaily, Uniswap founder Hayden disclosed on X that based on the past 7 days of UNI token burns, the annualized burn rate has surged to approximately $263 million, exceeding the previous $250 million milestone.

According to Vitol Group's chief executive officer, the Strait of Hormuz affects approximately 2 to 3 million barrels per day of Saudi Arabia's oil exports.

Hong Kong-listed precious metals stocks surged at market open today, with Tongguan Gold (00340.HK) leading gains at over 6%, followed by China Gold International (02099.HK) up nearly 4%, and Lingbao Gold (03330.HK) up over 3%. Zijin Mining (02899.HK), Zijin Gold International (02259.HK), and Zhaojin Mining (01818.HK) each rose over 2.5%.

Shanghai silver futures main contract rose 2.00% intraday on September 8, trading at 16,346 yuan per kilogram.

According to BlockBeats and Fomo platform data, crypto KOL Bonk Guy's (@theunipcs) investment portfolio declined over $6 million from its peak on Sept 8, with a current valuation of $21.08 million. His largest holding consists of 10.9 million PONS tokens worth approximately $8.21 million, delivering a return of 12,023.33%. Additional significant positions include 24.9 million MARSCOIN valued at $3.82 million with a 289.56% return, and 15.8 million USELESS tokens worth $3.59 million with a 314.14

According to Bizwatch, on September 8, Truststone Asset Management refuted allegations from Taekwang Industry, denying it made unlawful stock price support demands or obstructed business restructuring. Truststone holds 1.3% of Taekwang through its fund, and combined with affiliate OK Capital's 3.18% stake, ranks as the second-largest shareholder. Truststone defended its proposed 2-million-won-per-share public buyback as a fair valuation method, explaining the price represented a price-to-book ra

According to Bloomberg, Anthropic has terminated its planned acquisition of AI startup Decart AI, valued at approximately $6 billion, on September 8. The company had previously conducted due diligence on the deal but ultimately decided to abandon it. Both parties may explore alternative collaboration opportunities in the future. Decart developed hardware-software co-optimization technology designed to improve chip efficiency and reduce AI training and inference costs.

Japan's Finance Minister Kakasuzu Katayama stated recently that the government will refrain from commenting on specific yen levels and maintain its stance on forex policy since joint intervention measures were implemented. The finance ministry will work to ensure orderly forex market operations and remain in close communication with the U.S. Treasury Department.

According to Trump's Truth Social statement made yesterday (September 7), the U.S. president predicted that oil prices would plummet to $2-3 per gallon, ultimately falling below $2, if the United States wins a war against Iran. He added that everything would proceed swiftly and Iran would never obtain nuclear weapons. The prediction comes as international crude oil prices surged to a 6-week high amid escalating U.S.-Iran tensions. West Texas Intermediate crude for October delivery broke through

According to on-chain analyst Ai Yi, an Ethereum trading address secured $1.157 million in cumulative profits from five winning trades since July. The address bought 1,650 ETH at $2,417 on September 3 and sold the entire position at $2,474 approximately nine hours later, netting $108,000 on the latest trade. Each trade involved approximately $4 million in capital.

According to the World Gold Council, international gold prices surged approximately 10% in August, rebounding to above $4,600 per troy ounce from June lows near $4,000. Gold had hit a record high of $5,500 per troy ounce in January before declining significantly. Central banks continue supporting prices, with global central bank net gold purchases reaching 288.9 tonnes in the second quarter of 2026, up 62% year-over-year. China's central bank extended its 22-month consecutive purchase streak, ad

According to Yonhapinfomax, Nvidia CEO Jensen Huang declared on September 7 that OpenAI's latest AI model GPT-6 Astra represents the arrival of artificial general intelligence (AGI). The model achieved a 99.9% score on the ARC-AGI-3 benchmark, which evaluates an AI system's ability to learn independently in unfamiliar environments. Unlike earlier models requiring repeated trial and error, Astra observes phenomena, infers rules, and executes tasks in human-like fashion across multiple domains inc