Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
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Cuba's National Power Grid Goes Offline on September 18, Recovery Procedures Underway

According to Cuba's Ministry of Energy and Mining, the entire national power grid went offline on September 18 at 14:06 local time. Recovery procedures have been initiated, though the cause has not been disclosed. Under U.S. sanctions, Cuba has faced chronic fuel import restrictions and lacks parts to maintain aging power plants, resulting in persistent electricity shortages. The country has experienced multiple nationwide blackouts since October 2024 due to infrastructure failures and hurricane
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00:45
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Shaanxi Industrial Output Grows 4.6% in First Eight Months, Accelerating 0.5 Points

According to Shaanxi Bureau of Statistics, industrial output in Shaanxi Province grew 4.6% year-over-year in the first eight months of 2026, accelerating 0.5 percentage points from July, announced on September 19. Mining output surged 7.7%, while petroleum and natural gas extraction rose 9.7%, with coal mining output up 3.8% and natural gas production increasing 7.3%.
00:44
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Polygon Launches Cross-chain Transfers from TON and TRON Networks

According to Polygon's official announcement, the blockchain platform has launched cross-chain capabilities enabling users to transfer assets from TON and TRON networks. The functionality is powered through an integration with stonfi, aimed at enhancing interoperability across different blockchain ecosystems.
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TRX1.07%
00:43
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Samsung Electro-Mechanics Stock Falls 40% in 3 Months While Q3 Earnings Hit Record High

According to KB Securities, Samsung Electro-Mechanics' stock price has declined over 40% in the past three months from its June 19 peak of 2.27 million Korean won, despite the company posting record third-quarter earnings. KB Securities estimates Q3 revenue will reach 3.83 trillion won, up 33% year-over-year, with operating profit surging 154% to 660.1 billion won, significantly exceeding analyst consensus. The brokerage attributes the stock-price decline to excessive pessimism, noting that AI-r
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00:43
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US, China Negotiate 15% LNG Tariff Cut Ahead of Sept. 24 Summit, Propose $300B Reciprocal Tariff Reductions

According to Reuters, ahead of Xi Jinping's scheduled visit to Washington on September 24, the US and China are negotiating to lower or eliminate China's 15% tariff on American liquefied natural gas, with each side proposing approximately $300 billion in mutual commodity tariff reductions. The measures could be announced as part of a broader energy and agricultural agreement during the summit. The negotiations also include potential progress on agricultural trade, with China targeting purchases
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00:41
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EU Commission Forecasts Eurozone Economic Growth Slowdown in 2027

According to EU Commission Vice-President Dombrovskis on September 18, the European Commission forecasts eurozone economic growth will slow next year despite the region demonstrating resilience in the first half of 2026 amid energy disruptions and extreme weather. The commissioner warned that rising government debt yields in developed economies will increasingly impact Europe, urging eurozone member states to maintain prudent fiscal policies aligned with medium-term fiscal plans.
00:41
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U.S. Crypto and Storage Stocks Surge Friday; MSTR Up 16.39%, SanDisk Up 10.99%

According to BlockBeats, on September 19, cryptocurrency-related stocks surged on the U.S. stock market, with MicroStrategy (MSTR) leading gains at 16.39%, followed by Coinbase (COIN) up 11.66%, and Robinhood (HOOD) up 9.12%. Storage stocks also gained, with SanDisk (SNDK) rising 10.99% and Micron Technology (MU) up 3.92%. The S&P 500 index rose 0.16% while the Nasdaq advanced 0.39%.
00:40
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224 Victims Lose 274.60 ETH to Malicious Scripts Hidden in YouTube Fake AI Trading Bot Tutorials

According to TRM Labs, 224 victims lost a combined 274.60 ETH after following fake AI trading bot tutorials on YouTube that instructed them to deploy malicious scripts, as reported on September 19. The fraudulent videos, which appeared to be from different creators but shared identical production patterns, promised to teach users how to build AI-powered arbitrage bots. Victims were guided through steps including wallet creation, code copying, smart contract deployment, and funding. TRM identifie
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ETH7.17%
00:34
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Filecoin Announces 5-Minute Setup for Onchain Cloud Storage Providers

According to Filecoin, the blockchain's onchain cloud storage setup process has been reduced to five minutes. Providers can now install a Docker Compose stack with minimal commands, significantly streamlining the deployment for users and developers seeking decentralized storage solutions.
00:33
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South Korea's Short-Term Rates Face Upward Pressure in October as Government Bond Issuance Expands

According to KB Securities analyst Im Jae-kyun on September 19, South Korea's short-term interest rates may face upward pressure ahead of October, with the Bank of Korea potentially raising benchmark rates further and government bond short-term debt issuance expected to expand. October government bond competitive auction size is estimated at a minimum of 15 trillion won, with short-term debt (2-3 year maturity) accounting for up to 40% of total issuance, potentially reaching 6 trillion won in su
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00:32
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Changxin Memory Plans NAND Flash Market Entry as Rival Yangtze Faces Pressure

According to Reuters on Friday, Chinese DRAM manufacturer Changxin Memory (CXMT) plans to build a NAND flash memory research and production line at a new facility in Beijing. The move would expand CXMT's product portfolio beyond DRAM into NAND storage. According to Counterpoint Research data, Samsung Electronics leads the global NAND market with 28% market share, followed by SK Hynix at 19%, Micron at 15%, Yangtze Memory at 14%, and SanDisk at 11%. CXMT has not confirmed whether it will proceed
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00:32
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Shielded Labs CEO: Zcash Holder Voting Non-Binding, No Single Group Can Determine Protocol Changes

According to Shielded Labs CEO Jason McGee, Zcash employs a multi-stakeholder "rough consensus" governance model in which holder voting and community committee votes serve to gauge sentiment and inform decision-making, but carry no binding authority. Protocol changes typically require broad support from both the community committee and token holders, with final decisions resting with those who actually operate and use the network—including node operators, miners, exchanges, wallet providers, and
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