Gate Crypto Flash News and Market Updates

According to Foresight News, security firm Slowmist detected an attack on the BonfireSwap router contract on BSC on September 16, affecting 41 token holders with approximately $50,000 in total losses. The vulnerability stemmed from a missing access control check in the transfer function, which failed to verify if the caller matched the 'from' parameter or had proper authorization. This allowed attackers to drain victim tokens by setting themselves as recipients and utilizing pre-approved allowan

According to Cardano Foundation, Cardano on September 15 joined Mastercard's Crypto Partner Program to explore blockchain-based payment and settlement applications with the global payment network. The partnership creates a channel for developing applications involving cross-border transfers, business-to-business transactions, and digital asset settlement. Cardano currently supports multiple native stablecoins including USDCx, USDM, USDA, DJED, and iUSD, providing developers with options for crea

According to Jin10, Asian refiners are considering reducing their operating capacity and preparing for possible fuel export restrictions on September 16, as escalating Middle East conflicts push crude prices higher and deplete inventories. Indian refiners face particular pressure to cut production due to soaring prices and may need to prioritize domestic market supply. Industry sources said decisions remain preliminary and no final commitments have been made.

According to a survey released by the UK's communications regulator Ofcom on September 15, approximately one-fifth of British adults used artificial intelligence applications or services to access news over the past month. ChatGPT emerged as the most widely used AI tool for news consumption among respondents.

According to drafts of her speech, European Commission President von der Leyen will announce on Wednesday that the EU and Canada plan to establish a new alliance based on trade and security. She will state: "We want to take our relations with Canada to the highest possible level." Canadian Prime Minister Chrystien Freeland will attend and deliver her own speech on Thursday. Canada, facing economic strain from a U.S. trade dispute, has prioritized deepening EU partnerships. A key priority is comp

According to Jin10, European stocks ended a two-day decline on September 16, supported by falling oil prices and reduced bond selling as traders awaited the Federal Reserve's interest rate decision later today. The market has struggled to gain momentum since August highs amid energy price increases fueling inflation and growth concerns. Traders estimate a 94% probability of a rate hike today, with attention focused on forward guidance. According to Bill Dinning, Chief Investment Officer at W1M W

According to EU Commission President Ursula von der Leyen, the EU has requested senior firefighters and emergency rescue personnel to provide recommendations for improving wildfire response measures, as announced today.

According to Xinhua News, Airbus delivered its first aircraft from its second assembly line in China on September 16 in Tianjin. The A320neo aircraft was received and will be operated by China Eastern Airlines. The company's second assembly line in China began production in 2025, complementing its first line launched in 2008.

According to GMGN, Meme token Drosophila on BSC chain surged to $8 million market cap within 26 hours on September 16. The token is currently trading at $7.66 million market cap with 24-hour trading volume at $10.2 million and 6-hour gains of 147.9%.

On September 16, Shanghai Gold Exchange's Gold T+D closed up 0.94% at 936.8 yuan per gram, while Silver T+D rose 2.54% to 15,798 yuan per kilogram.

European Commission President Ursula von der Leyen announced that the EU will introduce a climate resilience framework in October. The statement underscores the EU's commitment to strengthening climate adaptation measures across member states.

According to market reports flagged on September 16, a wave of fake Cloudflare verification pages has targeted meme coin traders, with at least one victim reporting a loss of approximately $600,000. The scheme tricks users into executing malicious scripts with administrator-level privileges on their computers rather than approving blockchain transactions. Trader @cladzsol, described as a top Axiom trader, reported the loss while attempting to bridge funds to Arc after clicking through the fake v

BFC climbed 11.85% to $0.029208 within one hour, rallying from an opening price of $0.026. The 24-hour trading volume stood at $3,207,861, reflecting heightened interest in the asset, with a current market cap of $40,136,597.

According to Gate data, Brent crude oil (XBRUSD) fell to $107.94 per barrel in 24 hours, down 0.4%.

According to Jin10 Futures, China's commodity futures markets showed structural divergence on September 16 at close. Oil & fat, precious metals, and chemicals chains maintained upward momentum, while soft commodities and coal sectors turned to decline.

According to China's Foreign Ministry spokesman Guo Jiakun on September 16, Beijing noted reports that the European Commission's revised Cyber Security Act could force European telecom enterprises to spend an additional 40 billion euros on equipment replacement. The European Telecommunications Network Operators Association issued an open letter highlighting the costs, with other assessments suggesting the law could result in losses of over 360 billion euros for the EU over five years.

According to Jin10, Shanghai gold's midday price reached 936.24 yuan per gram on Wednesday, September 16, trading 1.54 yuan higher than the international gold price of 934.7 yuan per gram.

According to EU Commission President Ursula von der Leyen, the Iran conflict has increased EU fossil fuel import costs by an additional €90 billion. She emphasized the need to complete single market reforms by the end of 2027 to strengthen the bloc's economic resilience.

According to Jin10 Data, European natural gas traded near €81 per megawatt-hour on September 16, maintaining its highest levels since 2022 as supply tensions and Middle East geopolitical risks persist. Regional storage facilities are 68% full, with Germany—Europe's largest energy market—at only 56%, well below seasonal average levels ahead of the heating season. The price premium for 2027 summer contracts over winter contracts reached record levels this week, making inventory replenishment econo

According to China's Foreign Ministry on Sept 16, European telecom firms have signed an open letter opposing the European Union's proposed cybersecurity law revision, which would require telecom companies to spend an additional €40 billion on equipment replacement. Foreign Ministry spokesperson Guo Jiakun noted that the revision could result in losses of over €360 billion for the EU over five years. The Foreign Ministry stated that protectionist measures are counterproductive and urged the EU to